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521 North 16th Street

521 North 16th Street, Las Vegas, NV 89101
Multifamily in Downtown Las Vegas
Sold Feb 26, 2021
$300,000
Sold Oct 20, 2005
$120,000
$96,000 by Mortgageit Inc
Mortgage Due Nov 01, 2035
Local assessors in Las Vegas, NV have categorized 521 North 16th 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 1960. 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 12 rooms in the home. Of these, 6 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 521 North 16th Street has a total of 2,035 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 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Feb 22, 2021 for $300,000. That's $147.42 per sqft. Prior to that sales transaction, the property was also sold in Oct 17, 2005 for $120,000. 521 North 16th Street was last assessed in 2024. The total value of the property was assessed at $49,491. Specifically, the land the property is located on was valued at $31,500. While improvements on the property were assessed at a total of $17,991. 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 $799. 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. 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
Stucco Exterior
Brick Exterior

Parking

Paved Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 18
  • 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: 2,035
  • Gross Building Area: 2,035
  • Building Area: 2,035
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,035
  • 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 13 BLOCK 16

Ownership

  • Current Owner : RIOS JIMMY J
  • Previous Owner : MERCEDES INVESTMENTS LP
  • Owner Before Previous Owner: GOLDSTON CLAY BURNNIE
  • Owner Before Previous Owner 2: GOLDSTON MARGERY FUNK
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 139-035
  • District: LV
  • Parcel: 139-35-111-107
  • Block: 16
  • Lot: 13
  • Meridian: SEC 35 TWN 20S RNG 61E
  • Municipality: LAS VEGAS CITY
  • Latitude: 36.1737
  • Longitude: -115.126

    Address

  • Full Address: 521 N 16th St
  • Address - House Number: 521
  • Street Direction: N
  • Address - Street Name: 16th
  • Address - Suffix Type: St
  • State: NV
  • City Name: Las Vegas
  • Carrier Code: C083
  • 4-Digit Zip Code: 3396
  • Zip Code: 89101

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $799
  • Tax Rate Code Area: 203

    Appraisal Valuation

  • Standard Deviation: 0.1747
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 443,034
  • High Value: 520,470
  • Low Value: 365,599

    Market Valuation

  • Market Total Value: $124,663
  • Market Land Value: $75,000
  • Market Improvement Value: $49,663

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $49,491
  • Assessed Land Value: $31,500
  • Assessed Improvements Value: $17,991

    Sales

  • Current Sale Contract Date: Feb 22, 2021
  • Current Sale Recording Date: Feb 26, 2021
  • Current Sale Transaction ID: 11822769289
  • Current Sale Price: $300,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 20210226-0002636
  • Previous Sale Recording Date: Oct 20, 2005
  • Previous Sale Contract Date: Oct 17, 2005
  • Previous Sale Amount: $120,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: ALL WESTERN MORTGAGE INC
  • First Mortgage Transaction Date: Feb 26, 2021
  • First Mortgage Loan Amount: $225,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: MORTGAGEIT INC
  • Previous Mortgage Transaction Date: Oct 20, 2005
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $96,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Nov 01, 2035

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Frequently Asked Questions

What neighborhood is 521 North 16th Street located in?
The 521 North 16th 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 521 North 16th Street?
The average sales price for units in 521 North 16th Street is $0 currently.

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