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Las Vegas 2-Home Estate On 2 Acres, Pre-foreclosure / Short Sale MAKE OFFER!
DISCOUNTED: 55%APPRAISED VALUE:
OFFERING PRICE: $900,000
LUXURY LAS VEGAS, NV ESTATE
PRE-FORECLOSURE / SHORT SALE
***MAKE AN OFFER!***
PRE-FORECLOSURE / SHORT SALE
***MAKE AN OFFER!***
EXCLUSIVE RESIDENTIAL PRE-FORECLOSURE OFFERING
CUSTOM-BUILT, TWO-HOME COUNTRY ESTATE
- 3,700+/- SQUARE FOOT MAIN HOUSE
- 1,900+/- SQUARE FOOT GUESTHOUSE
- LAS VEGAS, NEVADA
Property Details
Two-Home Country Estate
Main + Guest House on 2 Acres
Appraised at $2 Million
Loan Balance $1,650,000
Location
8880 Kulka Road
Las Vegas, Nevada
Appraised Value/BPO: $2,000,000
Discounted Offering Price: $900,000
Offered at 45% of Appraised Value
Marketed Exclusively by:
DLG REALTY AND INVESTMENTS
LAS VEGAS, NEVADA
PROPERTY OVERVIEW
PROPERTY DESCRIPTION Two Home Mini-EstateLas Vegas, Clark County, Nevada
PHYSICAL LOCATION 8880 Kulka Road
Desert Estates
Las Vegas, Nevada 89124
COUNTY Clark
ASSESSOR’S PARCEL NUMBER (APN) 175-13-401-010
SITE SIZE +/-1.94 Acres or 84,506+/- SF
IMPROVEMENT SIZE
Main House - 3,700+/- Square Feet
Guest House – 1,900+/- Square Feet
AMENITIES
Great Room Kitchen Combination
Custom Floor Coverings
French Doors Throughout
Fireplace
Wet Bar
Master Bedroom with Jacuzzi
Heated In-Ground Pool with Spa
Three-Car Garage
Private Setting
Located at end of a Cul-De-Sac
Surrounded by NO Build BLM Land
Detached Guesthouse
OFFERING HIGHLIGHTS
-
LAS VEGAS METROPOLITAN AREA
- 2ND FASTEST GROWING METROPOLITAN AREA IN THE UNITED STATES
- 5.5% ANNUAL POPULATION GROWTH
- EDUCATED, EXPANDING COST EFFECTIVE WORKFORCE
- LAS VEGAS VALLEY CAPTURES 75% TO 85% OF ALL NEW JOBS IN NEVADA
- IN 2006, JOB GROWTH EXCEEDED FOUR TIMES THE NATIONAL AVERAGE
- STRONG DIVERSIFIED ECONOMY
- LOCATION OF THE 3RD LARGEST AIRPORT IN THE NATION
- GAMING CAPITAL OF THE WORLD
- HOME TO 14 OF THE 15 LARGEST HOTELS IN THE NATION
- NO STATE, CORPORATE OR PERSONAL INCOME TAX
- LOGISTICAL HUB OF ELEVEN WESTERN STATE REGION
8880 KULKA ROAD
- PRESTIGIOUS DESERT ESTATES LOCATION
- 1.94+/- ACRES
- SPECTACULAR MOUNTAIN VIEWS
- CUSTOM BUILT
- NEWLY CONSTRUCTED
- FOUR BEDROOMS/THREE BATHS
- 3,700+/- SQUARE FEET
- HEATED IN-GROUND POOL WITH WATERFALL AND SPA
- FIREPLACE
- WET BAR
- OPEN GREAT ROOM WITH KITCHEN
- MASTER BEDROOM WITH JACUZZI
- DETACHED 1,900+/- SQUARE FOOT GUESTHOUSE
- SURROUNDED BY 85,000 ACRES OF 25 YEAR NO BUILD LAND
- MINUTES FROM INTERSTATES 15 AND 215, RED ROCK CANYON AND “THE SRIP”
- CLOSE TO SHOPPING, SCHOOLS AND EMPLOYMENT CENTERS
PROPERTY SUMMARY
OFFERING DESCRIPTIONDLG Realty & Investments invites you to view this magnificent one of a kind two home county mini-estate. The property is located at the end of Kulka Road south of Blue Diamond Road in the southwestern section of the Las Vegas Metropolitan area. The property consists of a +/-1.94 acre site situated at the edge of 85,000 acres of pristine BLM land that is in a 25-year no build zone. The primary improvement is a +/-3,700 square foot newly built custom designed onestory home. There is also a detached +/-1,900 square foot guesthouse with two bedrooms and a loft on the property.
This elegantly designed home features four bedrooms, three baths, large open great room with kitchen, master bathroom with Jacuzzi, French doors and ceiling fans throughout, fireplace, wet bar, three car attached garage, 400 amp electrical service, in-ground heated swimming pool with spa and waterfall, custom floor coverings, lots of privacy and unsurpassed mountain and desert views of the Las Vegas Valley. The site has a large 1,500-gallon septic tank and a 650-foot private well to accommodate both dwellings. The front yard has easy maintenance desert landscaping with an irrigation system. The rear yard is awaiting your personal design.
The property is convenient to all of the Las Vegas Metropolitan area including employment centers, hospitals, universities, retail power centers, McCarran International Airport, and cultural and recreational venues. Interstate 15 and Interstate 215 (Bruce Woodbury Beltway) are the two major arterials extending through the neighborhood and are located within minutes of the property. These thoroughfares provide access to the entire Las Vegas Valley. Red Rock Canyon National Conservation Area, a major recreation area, is located just west of the property. The community is in close proximity to neighborhood shopping, schools, sports fields, country clubs, employment and medical facilities.
Due to the rapid population growth of Las Vegas, the availability of affordable custom singlefamily homes on acreage sites is extremely limited. Land in the Las Vegas Valley is becoming scarce causing residential development to take a vertical direction. This offering is the perfect “dream home.” PRIVACY, BREATHTAKING SCENERY, GORGEOUS CUSTOM BUILT HOME, SEPARATE GUEST HOUSE, IN-GROUND HEATED POOL AND A LARGE PRIVATE SITE IN AN EXCLUSIVE, PRESTIGIOUS COMMUNITY. THIS PROPERTY HAS IT ALL AND MORE!!
BUILDING TYPE Custom Built Single-Story Residence
FOUNDATION Continuous Monolithic Slab Poured on Reinforced Concrete Footings
EXTERIOR WALLS Wood Frame High-Grade Stucco Finish
ROOF Composition Commercial Grade Tile Shingles
FLOOR COVERINGS High-Grade Carpet, Ceramic Tile
INTERIOR WALLS Textured and Painted Sheetrock
LANDSCAPING
Front – Desert with Irrigation System
Rear – Ready For Your Personal Touch
SPECIAL FEATURES
Heated In-Ground Pool with Waterfall and Whirlpool
French Doors
Fireplace
Wet Bar
Kitchen Island
Ceiling Fans
Rear Privacy Fencing
Attached Three-Car Garage
Concrete Driveway
Detached 1,900+/- SF Guesthouse
MARKET SUMMARY
MARKET AREALas Vegas, Nevada is the second fastest growing metropolitan area in the United States. According to the US Census Bureau, from 2000 to 2006 the population in Las Vegas showed an increase of 29.2%, the fifth largest increase in the nation. As of 2005, the Las Vegas Metropolitan Statistical Area (MSA) was the 31st most populated area in the country.
Clark County represents approximately 76.64 percent of Nevada’s population with approximately 95% of the county's population being in the Las Vegas Valley. In terms of land area, Clark County has 174 people per square mile and the City of Las Vegas has 4,223 people per square mile. According to U.S. Census Bureau estimates, the 2006 population of Clark County was estimated at 1,912,654 a 25.5 percent increase from 2000. As of May 2007, the total population of Clark County was 2,024,872. This represents an increase of 5.2% over a one-year period.
The majority of Nevada and Las Vegas’ growth is a direct result of in-migration. Population growth rates of approximately 2.5 percent to 5.5 percent per year are expected for the next five years. Over three-fourths of the population of the state lives in the fast-growing Las Vegas metropolitan area.
Mountains surround the Las Vegas Valley. However, the majority of the Valley is mostly level to gently rolling desert terrain. The elevation is approximately 2,000 feet above sea level. Clark County comprises 7,910 square miles and the City of Las Vegas has 113 square miles of land area. The climate is that of a high desert region. With a moderate year-round climate and low humidity, plus an average of 289 sunny days per year, there are ample opportunities for outdoor recreational activities. The climate has been an important factor in attracting permanent residents and visitors to the area.
Las Vegas has excellent transportation linkages with other large cities in the western United States and across the nation. The city is served by four major highways that connect other metropolitan areas including Los Angeles, California; Salt Lake City, Utah; Phoenix, Arizona; and Reno, Nevada. Las Vegas is ideally positioned at the hub of an 11-state region having a population base of 42 million residents.
McCarran International Airport is the third busiest airport in the United States with over 41 million passengers annually. In 2006, nearly half of all Las Vegas visitors arrived by air via McCarran, making it a major driving force in the Southern Nevada economy and one of the top ten busiest airports in the world. According to Applied Analysis, 4,170,268 air passengers traveled through McCarran in May of 2007. This represents an increase of 6.8% over the previous year. Income derived from aviation activity generates significant economic benefits estimated at $25 billion a year.
The Las Vegas metropolitan area annually captures approximately 75 percent to 85 percent of the state’s new jobs. Diversification supports resistance to sharp economic recessions and allows quick responsiveness in periods of expansion. The greatest economic emphasis in Las Vegas is on the tourism, gaming and convention industries. As of May 2007 there were 133,082 hotel/motel rooms in the Las Vegas market with an average occupancy of 92.1%. Additional development will increase this total to over 150,000 rooms by the end of 2010.
The overall composition of the employment base in the Las Vegas MSA continues to be dominated by the service industries, including leisure and hospitality and professional and business services. Strong areas of recent employment gains in the Las Vegas MSA for 2005 and 2006 were in retail trade, transportation, construction and utilities. With the current and proposed growth in casino construction and the growth in the industrial sector, it is reasonable to project continued employment growth within the construction, manufacturing and service sectors.
The annual unemployment rate for the Metro Las Vegas area in 2006 was 4.1%, which is about the same as the average for year-end 2005. The total labor force increased from about 862,678 for year-end 2005 to about 924,959 in 2006. These unemployment levels are below the national annual unemployment rate for 2006 of 4.6%. The seven month period from January 2007 to July 2007 show an unemployment range of 4.2% to 5.1% with an average seven month rate of 4.5%, which is below the national average unemployment rate of 4.6% for the same time period. Over the past year, Las Vegas’ employment condition has generally outperformed that of the nation.
Significant corridors of growth in metropolitan Las Vegas include the Green Valley/Henderson area west of Interstate 515, where the subject property is located. As of January 1, 2000, the City of Henderson surpassed Reno as Nevada’s second largest city. The region is growing outward in all directions; however, the northwest, southwest and southern sectors are experiencing the greatest amount of sustained growth.
Las Vegas is the second fastest growing metropolitan area in the United States. Due to the magnitude and duration of the population growth, it is anticipated that this trend will continue into the foreseeable future. Las Vegas has a reputation as a desirable place to live, work and conduct business. The desert southwest setting has an interesting history, a diversified economy, limited taxation, modern medical care, excellent shopping and a variety of recreational opportunities. The gaming and hotel industry has traditionally been recession resistant in stabilizing the economic base.
Contact Person's Name: James Jarrell
Contact Phone Number: +1 702-882-8657
Contact E-mail address: jjarrelldlgrealty@yahoo.com
Brokerage Name: DLG Realty & Investments
Submitted by: admin
Property ID Number: 25
Property ID Name: Kulka Ranch Residential
Added: Tue Apr 29 2008
Last Modified: Thu May 01 2008
