Rare 2.06-acre corner lot in Northwest Las Vegas with endless potential! Valuable land ideal for rehabbing of a horse property or subdividing into ½-acre lots for new development. No HOA! The property currently has a private well and septic, with public water, sewer, and gas available nearby. Excellent location close to the 95 & 215 freeways, Gilcrease Orchard, Floyd Lamb Park, top-rated schools, shopping, & dining. Don't miss this opportunity!
Closed
$875,000
7505 Racel St, Las Vegas, NV 89131
3beds
1,540sqft
Single Family Residence
Built in 1974
2.06 Acres Lot
$919,200 Zestimate®
$568/sqft
$2,156 Estimated rent
Home value
$919,200
$791,000 - $1.08M
$2,156/mo
Zestimate® history
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$5,116/mo
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List your homeWhat's special
Private wellValuable landCorner lot
Zillow last checked:
Listing updated:
Listed by:
Gail Van Luit S.0070680 (702)370-5096,
Simply Vegas
Bought with:
Justin Chang, S.0055029
24 Karat Realty
Source: LVR,MLS#: 2715102
Originating MLS: Greater Las Vegas Association of Realtors Inc
Originating MLS: Greater Las Vegas Association of Realtors IncFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Primary bedroom
- Description: Closet
- Dimensions: 11X13
Bedroom 2
- Description: Closet
- Dimensions: 10X10
Bedroom 3
- Description: Closet
- Dimensions: 10X10
Family room
- Description: Ceiling Fan
- Dimensions: 15X18
Kitchen
- Description: Linoleum/Vinyl Flooring
Living room
- Description: None
- Dimensions: 17X17
Heating
- None
Cooling
- None
Appliances
- Included: Dryer, Electric Range, Refrigerator, Washer
- Laundry: Electric Dryer Hookup, Laundry Room
Features
- Ceiling Fan(s), Primary Downstairs, Window Treatments
- Flooring: Carpet, Linoleum, Tile, Vinyl
- Number of fireplaces: 1
- Fireplace features: Free Standing, Living Room
- Furnished: Yes
Interior area
- Total structure area: 1,540
- Total interior livable area: 1,540 sqft
Property
Parking
- Parking features: Open, RV Potential, RV Access/Parking
- Has uncovered spaces: Yes
Features
- Stories: 1
- Fencing: Chain Link,Partial
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 2.06 Acres
- Features: 1 to 5 Acres, Corner Lot, Desert Landscaping, Landscaped, Split Possible
Details
- Parcel number: 12510402002
- Zoning description: Horses Permitted,Single Family
- Horses can be raised: Yes
- Horse amenities: Arena, Corral(s), Horses Allowed, Tack Room
Construction
Type & style
- Home type: SingleFamily
- Architectural style: One Story
- Property subtype: Single Family Residence
Materials
- Roof: Composition,Shingle
Condition
- Poor Condition,Resale,Fixer
- Year built: 1974
Utilities & green energy
- Electric: Photovoltaics None
- Sewer: Septic Tank
- Water: Private, Well
- Utilities for property: Electricity Available, Septic Available
Community & HOA
Community
- Subdivision: None
HOA
- Has HOA: No
- Amenities included: None
Location
- Region: Las Vegas
Financial & listing details
- Price per square foot: $568/sqft
- Tax assessed value: $571,497
- Annual tax amount: $2,378
- Date on market: 9/10/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 10/28/2025 | Sold | $875,000-11.6%$568/sqft |
Source:  LVR #2715102 Report a problem | ||
| 10/3/2025 | Pending sale | $990,000$643/sqft |
Source: LVR #2715102 Report a problem | ||
| 9/10/2025 | Listed for sale | $990,000$643/sqft |
Source: LVR #2715102 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $2,449 +3% | $200,024 +8.6% |
| 2025 | $2,378 +3% | $184,230 +11.9% |
| 2024 | $2,309 +3% | $164,626 +11.2% |
| 2023 | $2,242 +3% | $148,042 +11.3% |
| 2022 | $2,177 +3% | $132,990 -0.2% |
| 2021 | $2,113 +1.3% | $133,314 +2.3% |
| 2020 | $2,086 +4.8% | $130,278 +11% |
| 2019 | $1,991 +6.9% | $117,389 |
| 2018 | $1,862 | $117,389 -1% |
| 2017 | $1,862 | $118,581 +12% |
| 2016 | $1,862 +3.2% | $105,868 +37% |
| 2015 | $1,804 | $77,298 +20.4% |
| 2014 | $1,804 | $64,199 |
| 2013 | -- | $64,199 -2.8% |
| 2012 | -- | $66,016 -27.5% |
| 2011 | -- | $91,056 -23% |
| 2010 | -- | $118,185 -47.3% |
| 2009 | -- | $224,239 |
| 2008 | -- | $224,239 -17.1% |
| 2007 | -- | $270,603 +32.2% |
| 2006 | -- | $204,621 +36.2% |
| 2005 | -- | $150,227 +64.4% |
| 2004 | -- | $91,382 +0.4% |
| 2003 | -- | $90,993 +43.8% |
| 2002 | -- | $63,290 +7.4% |
| 2001 | -- | $58,910 |
Find assessor info on the county website
Neighborhood: Tule Springs
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Nearby schools
GreatSchools rating
- 7/10Thomas O'Roarke Elementary SchoolGrades: PK-5Distance: 2.6 mi
- 7/10Ralph Cadwallader Middle SchoolGrades: 6-8Distance: 1.4 mi
- 6/10Arbor View High SchoolGrades: 9-12Distance: 0.5 mi
Schools provided by the listing agent
- Elementary: O' Roarke, Thomas,O' Roarke, Thomas
- Middle: Cadwallader Ralph
- High: Arbor View
Source: LVR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$919,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$919,200
- Nevada
- Clark County
- Las Vegas
- 89131
- Tule Springs
- 7505 Racel St
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