11 days on rocket

130 Palm Ln, Las Vegas, NV, 89101

$639,000

Home List Price

$7,588*

Closing Credit

0 Baths
7,071 SqFt
$90/SqFt
Multi
Schools Nearby

Location

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130 Palm Ln, Las Vegas$639,000

Buyer Closing Credits

$7,588*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1942
HeatingNone, Other
CoolingOther
MLS #2577340
Lot Size0.31 Acres
StatusActive

About 130 Palm Ln

UNIQUE HIDDEN GEM IN DOWNTOWN! 3 houses in 1! 15 BEDROOMS, 10 BATHS, 6071 SQ FT. Close to 15K SF lot! Nearly 5K SF front house and nearly 2,200 SF back house. Has 3 electrical meters & 2 water lines. Full demolition , asbestos tested and ready for renovation. The sale comes with plans, drawings; permits can be transferred to new buyer. The possibilities are endless! It can be 3 large single family homes or 1 massive single family estate or a 6 unit Multi-family asset with each having a private yard or a Residential Assisted Living or Elderly Nursing Facility or boarding / halfway house or corp. housing or AirBnB. There is currently a tenant that is interested in renting the property when finished at $14k/ month. No matter which use, the property can generate $10k-15k per mos. Boarded up fixer upper properties in the area sell for $135 per sq ft which puts this property over $800k valuation! Potential use for a 6 unit building or 3 separate homes. **NO CAPITAL GAINS TAX, ask HOW**

Property Details

Property Features

Property Information:

  • Year Built: 1942
  • Stories: 2
  • Living Area: 7,071 SqFt

Listing Office:

  • Office Name: eXp Realty
  • Office Phone: (702) 324-3595
  • Listing Agent: George Ryan Vega

Interior Features

Interior Information:

  • Flooring Type: Concrete
  • Interior: None

Virtual/3D Tour

  • Virtual Tour: 130 Palm Ln

Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.31 Acres

Utilities

Utilities Information:

  • Heating: None, Other
  • Cooling: Other

School Info

Assigned Schools Information:

  • Rancho High School, Public Magnet Grades 9-12
  • Roy W. Martin Middle School, Public Magnet Grades 6-8
  • C. P. Squires Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: FROM N LAS VEGAS BLVD, W-BONANZA, R-1ST ST, R-PALM LN

Price Information

Listing Price Info

Price Summary:

  • List Price: $639,000
  • Price Per SqFt: $90/SqFt

Tax Information:

  • Annual Amount: $1,315
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Las Vegas, NV.

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Las Vegas, NV

City

Med. Sold Price

$410.7K

Med. Price/SqFt

$244

Avg. Days On Market

31

# of Sold Homes

1813

130 Palm Ln vs Las Vegas

11 DAYS ON ROCKET

-20 Days

$639,000

+$228.2K More

$90/SqFt

-$155 Less

KEY TAKEAWAY

This property is $228.2K more than the Median Sold Price and $155/SqFt less than other homes in Las Vegas, NV.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: GLVAR
  • MLS Number: #2577340

Listing Office:

  • Office Name: eXp Realty
  • Office Phone: (702) 324-3595
  • Listing Agent: George Ryan Vega

IDX Disclaimer: The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. GLVAR MLS deems information reliable but not guaranteed.

Copyright 2024 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/8/2024, 7:19:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 05, 2020Home Sold
$205,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,315$52,234
2020$1,313$47,721
2019$1,230$46,623
2018$1,209$43,617

History based on county public records data.

Payment Calculator

$3,257

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,982

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-8341935
5
/10

  • C. P. Squires Elementary School

  • 1312 E Tonopah Ave

  • 1.39 miles

  • Public District Grades PK-5

Middle School

school-card-donut-8341936
4
/10

  • Roy W. Martin Middle School

  • 200 N 28th St

  • 1.85 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-8341937
4
/10

  • Rancho High School

  • 1900 Searles Ave

  • 1.01 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,988. The majority of Las Vegas, NV residents have income between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Nevada›Clark County›Las Vegas›89101›130 Palm Ln

This home is located at 130 Palm Ln in Las Vegas, NV and zip code 89101 in the Biltmore neighborhood. This 7,071 square foot home, which was built in 1942, sits on a 0.31 acre lot. It has been listed on Rocket Homes since April 26, 2024 and is currently priced at $639,000.

In April 2024 more than 450 listings in Las Vegas, NV were sold above the asking price. During the same period more than 456 listings were sold at asking price, while more than 906 were sold below. In April 2024 in Las Vegas, NV there were 9.6% more homes for sale than in March 2024. While the average time on the market in April 2024 was 31 days, the median list price was $410,774.

From Rocket Homes Real Estate and based on county public records data.

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