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3240 North Michael Way

3240 North Michael Way, Las Vegas, NV 89108
Multifamily in Centennial Hills
1 Units For Sale
Unit for sale at 3240 N Michael Way, Las Vegas, NV 89108

$625,000

  • Studio
3240 N Michael Way, Las Vegas, NV 89108 Listing by Clara I. Garza Mackintosh

Local assessors in Las Vegas, NV have categorized 3240 North Michael Way as a residential type of property. The home was built in 1962 and is 62 years old. The property's lot size has been calculated to be 9,148 square feet. The linear feet between the front and back of the lot was measured at 1,200 ft and the front of the lot was measured at 750 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a quadplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 15 rooms in the home. Of these, 7 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 4 full bathrooms. There are also 4 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 3240 North Michael Way has a total of 3,634 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. 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 asphalt and ply sheets in a built-up roof style. 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. The property was last sold in Jun 10, 2020 for $390,000. That's $107.32 per sqft. Prior to that sales transaction, the property was also sold in Nov 30, 2017 for $275,000. 3240 North Michael Way was last assessed in 2024. The total value of the property was assessed at $75,830. Specifically, the land the property is located on was valued at $46,200. While improvements on the property were assessed at a total of $29,630. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,681. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!

Building Features

Exterior

Stucco Exterior
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200110
01/10/2020
Studio
-
3634 ft²
$420,000
bedrooms
Studio
bathrooms
-
square feet
3634 ft²
$390,000 -7.14%
06/30/2020
Kamyar Zargari

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 15
  • Bedroom Count: 7
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 20
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Quadplex
  • Exterior Walls Type: Combination
  • Roof Cover Type: Built-up
  • Living Units: 4
  • Business/Commerical Units Count: 4
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 750
  • Total Building Area: 3,634
  • Gross Building Area: 3,634
  • Building Area: 3,634
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,634
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Storm
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: MOUNTAIN VIEW PARK UNIT #1
  • Land Acres: 0.21
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: MOUNTAIN VIEW PARK UNIT #1 PLAT BOOK 10 PAGE 10 LOT 12 BLOCK 1

Ownership

  • Current Owner : RANDOLPH REGINAULD
  • Previous Owner : CARMEL LLC
  • Owner Before Previous Owner: DAGIM HOLDINGS LLC

Neighborhood

  • School District Name: Clark County School District
  • Census Tract: 003413

Zoning

  • Zoning: R4

Geography

  • Assessors Map Reference: 138-012
  • District: LV
  • Parcel: 138-12-811-001
  • Block: 1
  • Lot: 12
  • Meridian: SEC 12 TWN 20S RNG 60E
  • Municipality: LAS VEGAS CITY
  • Latitude: 36.2192
  • Longitude: -115.216

    Address

  • Full Address: 3240 N Michael Way
  • Legal Unit: 1
  • Address - House Number: 3240
  • Street Direction: N
  • Address - Street Name: Michael
  • Address - Suffix Type: Way
  • State: NV
  • City Name: Las Vegas
  • Carrier Code: C086
  • 4-Digit Zip Code: 4972
  • Zip Code: 89108

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,681
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.1696
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 543,606
  • High Value: 635,933
  • Low Value: 451,278

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $428,764
  • First Open Lien Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • First Open Lien Mortgage Recording Date: Jun 30, 2020
  • First Open Lien Mortgage Loan Amount: $390,000
  • First Open Lien Mortgage Term: 300
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2045
  • Second Open Lien Mortgage Lender: SECRETARY OF VETERANS AFFAIRS
  • Second Open Lien Mortgage Recording Date: Feb 03, 2022
  • Second Open Lien Mortgage Loan Amount: $38,764
  • Second Open Lien Mortgage Term: 280
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: VA
  • Second Open Lien Mortgage Loan Due Date: Jul 01, 2045

    Market Valuation

  • Market Total Value: $207,040
  • Market Land Value: $126,000
  • Market Improvement Value: $81,040

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $75,830
  • Assessed Land Value: $46,200
  • Assessed Improvements Value: $29,630

    Sales

  • Current Sale Contract Date: Jun 10, 2020
  • Current Sale Recording Date: Jun 30, 2020
  • Current Sale Transaction ID: 11770871054
  • Current Sale Price: $390,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 20200630-0002311
  • Previous Sale Recording Date: Dec 19, 2017
  • Previous Sale Contract Date: Nov 30, 2017
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • First Mortgage Transaction Date: Jun 30, 2020
  • First Mortgage Loan Amount: $390,000
  • First Mortgage Terms: 300
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jul 01, 2045

    Previous Mortgages

  • Previous Mortgage Lender: BRIDGELOCK CAPITAL
  • Previous Mortgage Transaction Date: Dec 19, 2017
  • Previous Mortgage Loan Amount: $206,000
  • Previous Mortgage Term: 300
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2043

About Centennial Hills



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Frequently Asked Questions

What neighborhood is 3240 North Michael Way located in?
The 3240 North Michael Way is a multifamily located in the neighborhood of Centennial Hills in Centennial Hills, Las Vegas.
How many listings are currently for sale in 3240 North Michael Way?
There is one unit for sale right now.
What is the average sales price for listings in 3240 North Michael Way?
The average sales price for units in 3240 North Michael Way is $420,000 , or $116/sqft. currently.

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