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229 Spencer Street

229 Spencer Street, Las Vegas, NV 89101
Sold Aug 02, 2021
$230,000
$225,834 by Summit Funding Inc
Mortgage Due Aug 01, 2051
Sold Mar 07, 1996
$69,000
$68,507 by North American Mtg
Mortgage Due Apr 01, 2026
Local assessors in Las Vegas, NV have categorized 229 Spencer Street as a residential type of property. The home was built in 1948 and is 76 years old. It was most recently renovated and altered in 1953. The property's lot size has been calculated to be 6,098 square feet. The linear feet between the front and back of the lot was measured at 1,080 ft and the front of the lot was measured at 600 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 229 Spencer Street has a total of 1,184 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a storm sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. The garage on the property is 198 sqft. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a roof that is made of composition shingle. Lots of a combination of material were used in the construction of the exterior walls of the home. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 229 Spencer Street sold most recently in Jul 28, 2021 for a total of $230,000. If you work out the math, that's approximately a cost of $194.26 per sqft. Before that, the property was also sold for $69,000 in Mar 4, 1996. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $596 in taxes each year. 229 Spencer Street was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $44,915. If we break it down further, the land itself was valued at $28,350. Improvements to the property, however, were assessed at a total of $16,565. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Combination
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 198
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,098
  • Lot Size Depth Feet: 1,080
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,184
  • Gross Building Area: 1,184
  • Building Area: 1,184
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,184
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Storm
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: MAYFAIR TRACT #2 AMD
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MAYFAIR TRACT #2 AMD PLAT BOOK 2 PAGE 47 LOT 14 BLOCK 8

Ownership

  • Current Owner : HERNANDEZ MARIA M RIVAS
  • Current Owner 2: RIVAS ANTONIO
  • Previous Owner : ALEMAN MARIA A
  • Owner Before Previous Owner: MILLER ROBERT E
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Clark County School District
  • Census Tract: 000600

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 139-035
  • District: LV
  • Subdivision Tract Number: 2
  • Parcel: 139-35-413-066
  • Block: 8
  • Lot: 14
  • Meridian: SEC 35 TWN 20S RNG 61E
  • Municipality: LAS VEGAS CITY
  • Latitude: 36.1608
  • Longitude: -115.127

    Address

  • Full Address: 229 Spencer St
  • Address - House Number: 229
  • Address - Street Name: Spencer
  • Address - Suffix Type: St
  • State: NV
  • City Name: Las Vegas
  • Carrier Code: C090
  • 4-Digit Zip Code: 5236
  • Zip Code: 89101

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $596
  • Tax Rate Code Area: 203

    Appraisal Valuation

  • Standard Deviation: 0.1697
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 78
  • Final Value: 307,916
  • High Value: 360,188
  • Low Value: 255,644

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $233,884
  • First Open Lien Mortgage Lender: SUMMIT FUNDING INC
  • First Open Lien Mortgage Recording Date: Aug 02, 2021
  • First Open Lien Mortgage Loan Amount: $225,834
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051
  • Second Open Lien Mortgage Lender: SUMMIT FUNDING INC
  • Second Open Lien Mortgage Recording Date: Aug 02, 2021
  • Second Open Lien Mortgage Loan Amount: $8,050
  • Second Open Lien Mortgage Term: 120
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second
  • Second Open Lien Mortgage Loan Due Date: Aug 01, 2031

    Market Valuation

  • Market Total Value: $88,371
  • Market Land Value: $50,000
  • Market Improvement Value: $38,371

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $44,915
  • Assessed Land Value: $28,350
  • Assessed Improvements Value: $16,565

    Sales

  • Current Sale Contract Date: Jul 28, 2021
  • Current Sale Recording Date: Aug 02, 2021
  • Current Sale Transaction ID: 11846354294
  • Current Sale Price: $230,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 20210802-0000145
  • Previous Sale Recording Date: Mar 07, 1996
  • Previous Sale Contract Date: Mar 04, 1996
  • Previous Sale Amount: $69,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUMMIT FUNDING INC
  • First Mortgage Transaction Date: Aug 02, 2021
  • First Mortgage Loan Amount: $225,834
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Aug 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: NORTH AMERICAN MTG
  • Previous Mortgage Transaction Date: Mar 07, 1996
  • Previous Mortgage Loan Amount: $68,507
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Apr 01, 2026

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Frequently Asked Questions

What neighborhood is 229 Spencer Street located in?
The 229 Spencer Street is a located in the neighborhood of Downtown Las Vegas in Downtown Las Vegas, Las Vegas.
What is the average sales price for listings in 229 Spencer Street?
The average sales price for units in 229 Spencer Street is $0 currently.

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