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7031 Ocean Sea Drive

7031 Ocean Sea Drive, Las Vegas, NV 89131
Sold Dec 05, 2018
$379,000
$296,477 by Freedom Mortgage Corp
Mortgage Due Feb 01, 2049
Sold Dec 07, 2009
$170,000
$136,000 by Patrick J Lamers
Mortgage
Local assessors in Las Vegas, NV have categorized 7031 Ocean Sea Drive as a residential type of property. The home was built in 2003 and is 21 years old. The property's lot size has been calculated to be 9,148 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 4 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 7031 Ocean Sea Drive has a total of 1,947 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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 567 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. 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 fair. 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 concrete. 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 Dec 3, 2018 for $379,000. That's $150.76 per sqft. Prior to that sales transaction, the property was also sold in Nov 19, 2009 for $170,000. 7031 Ocean Sea Drive was last assessed in 2024. The total value of the property was assessed at $126,968. Specifically, the land the property is located on was valued at $42,700. While improvements on the property were assessed at a total of $84,268. 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 $2,482. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! 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.

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Fair
  • Building Quality: D
  • Construction Type: Frame
  • Exterior Walls Type: Combination
  • Roof Cover Type: Concrete
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 567
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,148
  • Total Building Area: 2,514
  • Gross Building Area: 2,514
  • Building Area: 1,947
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,947
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PARADISE MEADOWS UNIT 1
  • Land Acres: 0.21
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PARADISE MEADOWS UNIT 1 PLAT BOOK 99 PAGE 12 LOT 26 BLOCK 4

Ownership

  • Current Owner : REARICH TIMOTHY W
  • Current Owner 2: REARICH MARGIE A
  • Previous Owner : MOLDA SARAH LOUISE
  • Owner Before Previous Owner: COVINGTON KASHLYN
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Clark County School District
  • Census Tract: 003309

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 125-024
  • District: LV
  • Parcel: 125-24-510-047
  • Block: 4
  • Lot: 26
  • Meridian: SEC 24 TWN 19S RNG 60E
  • Municipality: LAS VEGAS CITY
  • Latitude: 36.2884
  • Longitude: -115.212

    Address

  • Full Address: 7031 Ocean Sea Dr
  • Legal Unit: 1
  • Address - House Number: 7031
  • Address - Street Name: Ocean Sea
  • Address - Suffix Type: Dr
  • State: NV
  • City Name: Las Vegas
  • Carrier Code: C092
  • 4-Digit Zip Code: 1022
  • Zip Code: 89131

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,482
  • Tax Rate Code Area: 200

    Appraisal Valuation

  • Standard Deviation: 0.1549
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 80
  • Final Value: 517,939
  • High Value: 598,176
  • Low Value: 437,702

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $296,477
  • First Open Lien Mortgage Lender: FREEDOM MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: Jun 16, 2021
  • First Open Lien Mortgage Loan Amount: $296,477
  • First Open Lien Mortgage Term: 331
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2049

    Market Valuation

  • Market Total Value: $306,637
  • Market Land Value: $102,000
  • Market Improvement Value: $204,637

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $126,968
  • Assessed Land Value: $42,700
  • Assessed Improvements Value: $84,268

    Sales

  • Current Sale Contract Date: Dec 03, 2018
  • Current Sale Recording Date: Dec 05, 2018
  • Current Sale Transaction ID: 11542182863
  • Current Sale Price: $379,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 20181205-0001856
  • Previous Sale Recording Date: Dec 07, 2009
  • Previous Sale Contract Date: Nov 19, 2009
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: NOVA FINANCIAL & INVESTMENT CO
  • First Mortgage Transaction Date: Dec 05, 2018
  • First Mortgage Loan Amount: $307,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jan 01, 2049

    Previous Mortgages

  • Previous Mortgage Lender: PATRICK J LAMERS
  • Previous Mortgage Transaction Date: Dec 07, 2009
  • Previous Mortgage Loan Amount: $136,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)

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Frequently Asked Questions

What neighborhood is 7031 Ocean Sea Drive located in?
The 7031 Ocean Sea Drive is a house located in the neighborhood of Paradise Meadows in Centennial Hills, Las Vegas.
What is the average sales price for listings in 7031 Ocean Sea Drive?
The average sales price for units in 7031 Ocean Sea Drive is $0 currently.

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