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500 South Grand Central Parkway

500 South Grand Central Parkway, Las Vegas, NV 89101
500 South Grand Central Parkway in Las Vegas, NV was first built in 1943 and is 81 years old. Although, the building on the property was most recently renovated and altered in 1949. This has been categorized as a commercial property type. For those interested in architecture, the building on the property was built in a conventional style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 500 South Grand Central Parkway has 1,998 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 1,400. In total, the area measurement of the land is 6,970 square feet.

Learn more about the property and building on this page. The building type has been coded as 5. The code stands for specialized buildings that do not fit in any of the other categories.. The roof of the home is made of wood shake/ shingles. Water for the property is sourced from a water system. The property is connected to a storm sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed in this manner. For those who need parking, there is a garage. The garage is 200 sqft. There are a total of 9 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. The exterior walls of the home are made of a combination of material. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heat pump. The property was last sold in Jul 9, 2020 for $485,000. That's $242.74 per sqft. Prior to that sales transaction, the property was also sold in May 2, 2014 for $350,000. 500 South Grand Central Parkway was last assessed in 2024. The total value of the property was assessed at $104,983. Specifically, the land the property is located on was valued at $90,262. While improvements on the property were assessed at a total of $14,721. 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 $1,774. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1943
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Combination
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 200
  • Parking Space Count: 9

    Dimensions

  • Lot Size Square Feet: 6,970
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,998
  • Gross Building Area: 1,998
  • Building Area: 1,998
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,998
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Storm
  • Water Service: Yes

Building

  • Building Type: Specialized buildings
  • Property Class: Commercial
  • Subdivision: WARDIE ADD
  • Land Acres: 0.16
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: WARDIE ADD PLAT BOOK 1 PAGE 13 LOT 31 BLOCK 4 & LOT 32

Ownership

  • Current Owner : 500 S 7TH ST LLC
  • Previous Owner : RLP COTTAGE LLC
  • Owner Before Previous Owner: NEVADA LAW FOUNDATION
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Clark County School District
  • Census Tract: 007900

Zoning

  • Zoning: PR

Geography

  • Assessors Map Reference: 139-034
  • District: LV
  • Parcel: 139-34-710-027
  • Block: 4
  • Lot: 31
  • Meridian: SEC 34 TWN 20S RNG 61E
  • Municipality: LAS VEGAS CITY
  • Latitude: 36.1636
  • Longitude: -115.142

    Address

  • Full Address: 500 S 7th St
  • Address - House Number: 500
  • Street Direction: S
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: NV
  • City Name: Las Vegas
  • Carrier Code: C086
  • 4-Digit Zip Code: 6904
  • Zip Code: 89101

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,774
  • Tax Rate Code Area: 203

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $203,000
  • First Open Lien Mortgage Lender: NEVADA STATE DEVELOPMENT CORPO
  • First Open Lien Mortgage Recording Date: Aug 11, 2020
  • First Open Lien Mortgage Loan Amount: $203,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Unknown (DEFAULT)

    Market Valuation

  • Market Total Value: $296,151
  • Market Land Value: $243,951
  • Market Improvement Value: $52,200

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $104,983
  • Assessed Land Value: $90,262
  • Assessed Improvements Value: $14,721

    Sales

  • Current Sale Contract Date: Jul 09, 2020
  • Current Sale Recording Date: Jul 15, 2020
  • Current Sale Transaction ID: 11773834350
  • Current Sale Price: $485,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 20200715-0002223
  • Previous Sale Recording Date: May 02, 2014
  • Previous Sale Contract Date: May 02, 2014
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: MEADOWS BANK
  • First Mortgage Transaction Date: Jul 15, 2020
  • First Mortgage Loan Amount: $252,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Financing

  • First Mortgage Financing Type: Variable

    Previous Mortgages

  • Previous Mortgage Lender: MEADOWS BANK
  • Previous Mortgage Transaction Date: May 02, 2014
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $206,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 500 South Grand Central Parkway located in?
The 500 South Grand Central Parkway 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 500 South Grand Central Parkway?
The average sales price for units in 500 South Grand Central Parkway is $0 currently.

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