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507 North 15th Street

507 North 15th Street, Las Vegas, NV 89101
Multifamily in Downtown Las Vegas
Sold Aug 18, 2021
$360,000
$270,000 by North American Financial Corp
Mortgage Due Sep 01, 2051
Sold Aug 08, 2011
$68,000
Local assessors in Las Vegas, NV have categorized 507 North 15th Street as a residential type of property. The home was built in 1963 and is 61 years old. The property's lot size has been calculated to be 6,534 square feet. The linear feet between the front and back of the lot was measured at 1,300 ft and the front of the lot was measured at 500 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a triplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 11 rooms in the home. Of these, 5 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 3 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 507 North 15th Street has a total of 2,210 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. 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. The property was last sold in Aug 13, 2021 for $360,000. That's $162.90 per sqft. Prior to that sales transaction, the property was also sold in Jul 30, 2011 for $68,000. 507 North 15th Street was last assessed in 2024. The total value of the property was assessed at $50,216. Specifically, the land the property is located on was valued at $31,500. While improvements on the property were assessed at a total of $18,716. 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 $849. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. 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.

Building Features

Exterior

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

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 15
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Triplex
  • Exterior Walls Type: Combination
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 3
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,210
  • Gross Building Area: 2,210
  • Building Area: 2,210
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,210
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Storm
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: FOURTEENTH STREET CITY ADD
  • Land Acres: 0.15
  • Standard Land Use Code: Triplex (3 units, any combination)
  • Legal Description 1: FOURTEENTH STREET CITY ADD PLAT BOOK 1 PAGE 82 LOT 10 BLOCK 15

Ownership

  • Current Owner : MORALES OSCAR A
  • Current Owner 2: MORALES GUADALUPE
  • Previous Owner : WONG ROGER W
  • Previous Owner 2: RW 507 NORTH 15TH STREET IRREV
  • Owner Before Previous Owner: LUCERO ABRAHAM
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Clark County School District
  • Census Tract: 000403

Zoning

  • Zoning: R3

Geography

  • Assessors Map Reference: 139-035
  • District: LV
  • Parcel: 139-35-111-068
  • Block: 15
  • Lot: 10
  • Meridian: SEC 35 TWN 20S RNG 61E
  • Municipality: LAS VEGAS CITY
  • Latitude: 36.1733
  • Longitude: -115.127

    Address

  • Full Address: 507 N 15th St
  • Address - House Number: 507
  • Street Direction: N
  • Address - Street Name: 15th
  • Address - Suffix Type: St
  • State: NV
  • City Name: Las Vegas
  • Carrier Code: C083
  • 4-Digit Zip Code: 3268
  • Zip Code: 89101

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $849
  • Tax Rate Code Area: 203

    Appraisal Valuation

  • Standard Deviation: 0.1728
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 452,266
  • High Value: 530,462
  • Low Value: 374,071

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $270,000
  • First Open Lien Mortgage Lender: NORTH AMERICAN FINANCIAL CORP
  • First Open Lien Mortgage Recording Date: Aug 18, 2021
  • First Open Lien Mortgage Loan Amount: $270,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2051

    Market Valuation

  • Market Total Value: $126,294
  • Market Land Value: $75,000
  • Market Improvement Value: $51,294

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $50,216
  • Assessed Land Value: $31,500
  • Assessed Improvements Value: $18,716

    Sales

  • Current Sale Contract Date: Aug 13, 2021
  • Current Sale Recording Date: Aug 18, 2021
  • Current Sale Transaction ID: 11850833854
  • Current Sale Price: $360,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 20210818-0002724
  • Previous Sale Recording Date: Aug 08, 2011
  • Previous Sale Contract Date: Jul 30, 2011
  • Previous Sale Amount: $68,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: NORTH AMERICAN FINANCIAL CORP
  • First Mortgage Transaction Date: Aug 18, 2021
  • First Mortgage Loan Amount: $270,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

About Downtown Las Vegas



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Nearby Rentals

Unit for rent at

$1,500 /mo

  • 2 Beds
  • 2 Baths
  • 4,492 ft²
Listing by Laura Barberini
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$1,600 /mo

  • 1 Bed
  • 1 Bath
  • 800 ft²
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$1,650 /mo

  • 3 Beds
  • 2 Baths
  • 1,120 ft²
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Unit for rent at

$1,700 /mo

  • 2 Beds
  • 1 Bath
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Unit for rent at

$1,650 /mo

  • 1 Bed
  • 1 Bath
  • 1,090 ft²
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Unit for rent at

$1,500 /mo

  • 2 Beds
  • 1 Bath
  • 750 ft²
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Unit for rent at

$1,550 /mo

  • 2 Beds
  • 2 Baths
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Frequently Asked Questions

What neighborhood is 507 North 15th Street located in?
The 507 North 15th Street is a multifamily located in the neighborhood of Downtown Las Vegas in Downtown Las Vegas, Las Vegas.
What is the average sales price for listings in 507 North 15th Street?
The average sales price for units in 507 North 15th Street is $360,000 , or $163/sqft. currently.

Nearby Counties
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