7120 Rafael Ridge Way

Local assessors in Las Vegas, NV have categorized 7120 Rafael Ridge Way as a commercial type of property. The home was built in 2007 and is 17 years old. The property's lot size has been calculated to be 54,886 square feet. 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 7120 Rafael Ridge Way has a total of 7,003 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. 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 masonry control joints. Lots of masonry were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heat pump is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 7120 Rafael Ridge Way was last sold in May 30, 2012 for $1,975,000. According to our calculations, that's $282.02 per sqft. Prior to that sales transaction, the property was sold for $3,224,139 in Dec 13, 2011. Current property owners are expected to pay $28,625 in taxes per year. The property on 7120 Rafael Ridge Way was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $1,466,842. To break that down further, the land itself was valued at $413,017. While improvements to the property were assessed at a total of $1,053,824. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. 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.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.