Investment Potential for 5029 Lancaster Dr

The property has a current estimated value of $541,795, which is 9% below the zip median, based on public records. It last sold on April 15, 2022 for $250K. Projected long-term

is $42,600 annually ($3,550 per month) with a 91% occupancy rate.

Property Appreciation
property appreciation
This appreciation forecast is based on proprietary algorithms utilizing publicly available historical market data. Appreciated property values are inherently uncertain and actual appreciation of a property can differ materially for a wide variety of reasons. Learn More.

Last Sale Amount

$250,000

Sold April 15, 2022

Est. Current Value
property value
This property valuation is based on proprietary algorithms utilizing publicly available market data. Whitepages’ Property Value is NOT an appraisal and should not be used in place of one. Learn More.

$542K

($507K - $567K)

9% below zip median

5-Year Forecast
5-year appreciation
This is an estimate of the appreciated property value by year over the next 5 years, based on proprietary algorithms and historical market data. Actual appreciation of a property can differ materially for a variety of reasons. Learn More.

$******

View Forecast

Discover more Single Family Homes in 89120.

See Recommended Properties

Long-Term
Rental Income
rental income
This estimate is computed using a proprietary model. It is a starting point in determining the potential rental income for a property. Learn More.

Gross Rental

$42,600 per year($3,550 per month)

$*****View Operating Expenses

Net Operating Income

$*****View Net Operating Income

Cap Rate

****%View Cap Rate

Occupancy Rate

91%in 89120 zip code

View Rental Potential

Owners & Occupancy for 5029 Lancaster Dr

This property is owned by Kenneth W Merrill. Owner contact information includes 8 phone numbers and 4 email addresses.

Occupancy

*****

View Occupancy

Appreciation Since Purchased

$291,795

Purchased April 15, 2022

Number of Owners

2

Property Owners

Kenneth W Merrill, age **

Cell Phone	(702) *-**View Cell Phone
Residence	*************
Landline	(702) 451-8886
Distance from Property	**********
Email Address	***************@gmail.comView Email

Property Ownership Information

Purchase Date	April 15, 2022
Property Tax Amount	$1,300 in 2024
Purchase Price	$250,000

Occupancy

Current Occupancy	*****View Occupancy
Resident 1	***************** age 52
Resident 2	******************** age 55
Resident 3	******************* age 56

Property Details for 5029 Lancaster Dr

Estimated Mortgage Balance

$********

View Mortgage Info

Estimated Equity

Property Age

52 years

(Remodeled 1973)

6 years older than zip median

Property Details

Property Sq Ft

Living Area

1,817 sq ft

18% below market

Lot Size

6,970 sq ft

16% below market

Price Per Sq Ft

Living Area

$298 / sq ft

5% above market

Lot Size Area

$78 / sq ft

12% above market

Property Information

Property condition, age, exterior, etc. for 5029 Lanca…

Land & Location Information

Longitude: -115.091369 Latitude: 36.097911 Parcel Number (APN): 161-30-511-009…

Mortgage & Equity Information

Mortgage originated on through lender: Merrill Family Trust (pt) for$******View Mortgage Details

Recommended Properties in 89120

Discover more single family homes near 5029 Lancaster Dr in Las Vegas, Nevada. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Owner Age 25 - 35
$495K - $534K
Est. Value
4102 Autumn St, Las Vegas, NV 89120
4 beds · 3 baths · 2,131 sq ft · Last Sold: $280,000 in 2019 · Built: 1978
Owned for 5 - 10 Years
$179K - $189K
Est. Value
3119 Key Largo Dr 104, Las Vegas, NV 89120
1 beds · 1 baths · 697 sq ft · Last Sold: $90,000 in 2019 · Built: 1996
Valued below Market Median
$372K - $396K
Est. Value
4671 Petaluma Cir, Las Vegas, NV 89120
3 beds · 2 baths · 1,088 sq ft · Last Sold: $177,500 in 2018 · Built: 1971
High Demand Long-Term Rental
$597K - $652K
Est. Value
3114 E Oquendo Rd, Las Vegas, NV 89120
4 beds · 2 baths · 2,065 sq ft · Last Sold: $235,000 in 2015 · Built: 1985
Valued above Market Median
$391K - $414K
Est. Value
4765 San Rafael Ave, Las Vegas, NV 89120
2 beds · 1 baths · 1,296 sq ft · Last Sold: $72,000 in 2000 · Built: 1970
Owner Age 65 - 75
$474K - $504K
Est. Value
4141 Ridgewood Ave, Las Vegas, NV 89120
3 beds · 2 baths · 1,464 sq ft · Last Sold: $195,000 in 2017 · Built: 1979
Valued above Market Median
$678K - $736K
Est. Value
3179 Paintedhills Ave, Las Vegas, NV 89120
4 beds · 2 baths · 2,295 sq ft · Last Sold: $585,000 in 2022 · Built: 1984
High Demand Long-Term Rental
$578K - $643K
Est. Value
4997 Spring Oak St, Las Vegas, NV 89120
4 beds · 2 baths · 2,220 sq ft · Last Sold: $120,000 in 2012 · Built: 1976
High Demand Long-Term Rental
$640K - $677K
Est. Value
7462 Midfield Ct, Las Vegas, NV 89120
5 beds · 2 baths · 2,040 sq ft · Built: 1995
Owner Age 65 - 75
$561K - $595K
Est. Value
3891 Boca Grande Ave, Las Vegas, NV 89120
4 beds · 2 baths · 1,829 sq ft · Last Sold: $265,500 in 2019 · Built: 1985
Valued below Market Median
$281K - $297K
Est. Value
3651 Villa Knolls East Dr, Las Vegas, NV 89120
3 beds · 2 baths · 1,012 sq ft · Built: 1976
Owned for 15 - 25 Years
$743K - $787K
Est. Value
3677 Callahan Ave, Las Vegas, NV 89120
4 beds · 2 baths · 2,697 sq ft · Last Sold: $470,000 in 2006 · Built: 2005
Owner Age Above 75
$402K - $430K
Est. Value
5056 San Anselmo St, Las Vegas, NV 89120
4 beds · 2 baths · 1,200 sq ft · Built: 1969
High Demand Long-Term Rental
$671K - $730K
Est. Value
5018 Wright View Dr, Las Vegas, NV 89120
4 beds · 2 baths · 2,824 sq ft · Last Sold: $390,000 in 2019 · Built: 1977
High Demand Long-Term Rental
$534K - $568K
Est. Value
3184 E Eldorado Ln, Paradise, NV 89120
3 beds · 2 baths · 1,718 sq ft · Built: 2004
Owned for Less Than 5 Years
$222K - $238K
Est. Value
3090 Tarpon Dr 203, Las Vegas, NV 89120
2 beds · 2 baths · 1,020 sq ft · Last Sold: $197,000 in 2024 · Built: 1994
Valued below Market Median
$265K - $289K
Est. Value
3435 Villa Knolls South Dr, Las Vegas, NV 89120
3 beds · 1 baths · 1,026 sq ft · Last Sold: $68,000 in 2003 · Built: 1972
Large Lot Advantage
$816K - $936K
Est. Value
5638 Titanium Ave, Las Vegas, NV 89120
3 beds · 2 baths · 2,062 sq ft · Last Sold: $240,000 in 2013 · Built: 1962
Owned for 10 - 15 Years
$607K - $649K
Est. Value
5535 Jacmar Ct, Las Vegas, NV 89120
3 beds · 2 baths · 2,034 sq ft · Last Sold: $139,000 in 2011 · Built: 1981
Valued above Market Median
$960K - $1.03M
Est. Value
5225 Harrison Dr, Las Vegas, NV 89120
4 beds · 2 baths · 3,392 sq ft · Last Sold: $510,000 in 2004 · Built: 1989

Market Benchmarks

Compare data for 5029 Lancaster Dr in Clark County to the median in the zip code area and surrounding markets, where available.

View zip code benchmarks

Property

Zip

Difference

State

Difference

$541,795

$593,602

-$51,807 (-9%)

$523,600

$18,195 (3%)

$******

$********

$****** (****%)

$619,104

-$24,014 (-4%)

YoY Price Change

****%

1.57%

-816%

Year Built

1973

1979

-6 years

2001

-28 years

Living Space

1,817 sq ft

2,220 sq ft

-403 (-18%)

2,391 sq ft

-574 (-24%)

$ Per Living Sq Ft

$298

$284

$14 (5%)

$235

$63 (27%)

Lot Size

6,970 sq ft

8,276 sq ft

-1306 (-16%)

6,970 sq ft

0 (0%)

$ Per Lot Sq Ft

$78

$69

$9 (12%)

$82

-$5 (-6%)

Long-Term Rental
rental income
This estimate is computed using a proprietary model. It is a starting point in determining the potential rental income for a property. Learn More.

Net Operating Income

$*****

$*** (****%)

$22,055

$9,604 (44%)

Annual Revenue

$42,600

$43,200

-$600 (-1%)

$33,600

$9,000 (27%)

$*****

$**** (****%)

$10,969

-$28 (0%)

Net Operating Income

$*****

$*** (****%)

$22,055

$9,604 (44%)

Cap Rate

****%

—

4.2%

—

View Zip code Data

Home Value Comparison

Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

Property Condition	****View Condition
Property Type	Single Family Home
Total Bedrooms	4
Total Bathrooms	2
Year Built	1973
Building Sq Ft	1,817 sq ft
Lot Size	0 Acres
Living Space	1,817 sq ft
Ground Floor	1,817 sq ft
Heating / Fuel	Forced Air
Air Conditioning	Central A/C
Roof Covering	Composition Shingle
Garage	Garage
Fireplace	Yes
Sewer	Public

APN	161-30-511-009
Census Tract	0028261004
Municipality	Paradise
County	Clark
Subdivision	Encore Paradise Valley
Zoning	R1
Neighborhood	89120
Longitude / Latitude	-115.091369 / 36.097911
Lot Size	6,970 sq ft

Loan Amount	$******
Lender	Merrill Family Trust (pt)
Origination Date	April 08, 2022
Interest Rate	****%
Term	30 Years
Rate Type	Fixed
Est Balance	$********
Due Date	**************
Equity	View Equity

5029 Lancaster Dr Las Vegas, NV 89120

property value

$541,795

market valuation

$593,602

market valuation

$525,554

investment intelligence

Investment Potential for 5029 Lancaster Dr

rental income

property appreciation

Last Sale Amount

$250,000

property value

$542K

($507K - $567K)

5-year appreciation

rental income

operating expenses

Owners & Occupancy for 5029 Lancaster Dr

Occupancy

Appreciation Since Purchased

$291,795

Number of Owners

2

Property Owners

Kenneth W Merrill, age **

Venicia M Considine, age **

Property Ownership Information

Occupancy

Property Details for 5029 Lancaster Dr

Estimated Mortgage Balance

Estimated Equity

$******

Property Age

52 years

(Remodeled 1973)

Property Details

Property Sq Ft

Living Area

Lot Size

Price Per Sq Ft

Living Area

Lot Size Area

Property Information

Land & Location Information

Mortgage & Equity Information

Recommended Properties in 89120

$495K - $534K

Est. Value

4102 Autumn St, Las Vegas, NV 89120

4 beds · 3 baths · 2,131 sq ft · Last Sold: $280,000 in 2019 · Built: 1978

$179K - $189K

Est. Value

3119 Key Largo Dr 104, Las Vegas, NV 89120

1 beds · 1 baths · 697 sq ft · Last Sold: $90,000 in 2019 · Built: 1996

$372K - $396K

Est. Value

4671 Petaluma Cir, Las Vegas, NV 89120

3 beds · 2 baths · 1,088 sq ft · Last Sold: $177,500 in 2018 · Built: 1971

$597K - $652K

Est. Value

3114 E Oquendo Rd, Las Vegas, NV 89120

4 beds · 2 baths · 2,065 sq ft · Last Sold: $235,000 in 2015 · Built: 1985

$391K - $414K

Est. Value

4765 San Rafael Ave, Las Vegas, NV 89120

2 beds · 1 baths · 1,296 sq ft · Last Sold: $72,000 in 2000 · Built: 1970

$474K - $504K

Est. Value

4141 Ridgewood Ave, Las Vegas, NV 89120

3 beds · 2 baths · 1,464 sq ft · Last Sold: $195,000 in 2017 · Built: 1979

$678K - $736K

Est. Value

3179 Paintedhills Ave, Las Vegas, NV 89120

4 beds · 2 baths · 2,295 sq ft · Last Sold: $585,000 in 2022 · Built: 1984

$578K - $643K

Est. Value

4997 Spring Oak St, Las Vegas, NV 89120

4 beds · 2 baths · 2,220 sq ft · Last Sold: $120,000 in 2012 · Built: 1976