1017 Falconhead Lane 102, Las Vegas, NV 89128, Las Vegas, 89128 - 2 bed, 2 bath
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Las Vegas, NV 89128
This First-Floor Condominium represents a strategic Value-Add Asset within the popular Rock Springs community. Listed at $175,000, the property is positioned above its $110,302 Fair Market Value, reflecting the significant renovation potential required to reach the $224,000 renovated market ceiling seen in recent comparable sales. Currently holding a Poor Condition Rating, the unit requires a full interior overhaul but offers a spacious patio and access to multiple community pools. Located near Walter Johnson Junior High and Palo Verde High School, this is a prime project for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1017 Falconhead Lane 102 Subject | $175,000* List Price | 2 | 2 | 912 | $121 | - |
A 7932 Diamond Rock Way 101 Sold | $226,800 List Price | 2 | 2 | 912 | 0.0 mi | |
B 1332 Pinto Rock Lane 101 Sold | $159,900 List Price | 2 | 2 | 912 | 0.2 mi | |
C 917 ROCKVIEW Drive 201 Sold | $139,900 List Price | 2 | 2 | 912 | 0.2 mi | |
D 1336 Huntdale Lane 101 Sold | $224,000 | 2 | 2 | 996 | $225 | 0.2 mi |
E 944 Falconhead Lane 101 Sold | $130,000 List Price | 2 | 2 | 912 | 0.1 mi | |
F 1313 Pinto Rock Lane 202 Sold | $217,000 | 2 | 2 | 1,136 | $191 | 0.1 mi |
G 1104 Pinto Rock Lane 101 Pending | $199,990 List Price | 2 | 2 | 1,136 | $176 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is in poor condition and requires substantial rehabilitation. Built in 1988, the interior appears largely original with significant deferred maintenance. Most notably, the carpets are extremely soiled and stained to a degree that makes the home uncomfortable for immediate occupancy. The kitchen features dated 1980s oak cabinetry, laminate countertops, and an old fluorescent light box. Throughout the unit, there are popcorn ceilings, dated fixtures, and worn surfaces that necessitate a full interior renovation including new flooring, paint, and appliance upgrades.
As a first-floor unit, this property offers superior accessibility and convenience, featuring a spacious patio area that enhances the living space without the hassle of stairs.
Situated in the popular Rock Springs community near Summerlin, the unit provides access to multiple community pools and is minutes from major freeway access, shopping, and dining.
Priced competitively at $175,000 for a 2-bedroom, 2-bathroom configuration, this property represents an excellent entry-level opportunity for first-time buyers or rental investors.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1740, other record lot size in square feet = 3000.
With 120 days on the market and a history of price reductions, the property may be facing buyer hesitation or stiff competition from more modern units in the immediate area.
Built in 1988, the property may require updates to major systems or interior finishes to compete with newer developments and meet modern energy efficiency standards.
GREAT FIRST-FLOOR UNIT IN THE POPULAR ROCK SPRINGS COMMUNITY NEAR SUMMERLIN. FEATURES 2 BEDROOMS & 2 BATHS, COVERED PARKING & ACCESS TO MULTIPLE COMMUNITY POOLS & AMENITIES. SPACIOUS PATIO/PORCH AREA PROVIDES ADDED OUTDOOR ENJOYMENT.CONVENIENTLY LOCATED NEAR SHOPPING, DINING, ENTERTAINMENT, & FREEWAY ACCESS.
No exterior & parking available.
Grades PK-5 • 0.7 mi
Grades PK-5 • 1.1 mi
Grades PK-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 912 | 1,025 | 31% |
| Lot Size | 1,740 | 766 | 60% |
| Price | $175.0K | $189.1K | 43% |
| Price per sq ft | $192 | $208 | 44% |
| Built year | 1988 | 1993 | 6% |
| HOA | $256 | $174 | 76% |
| Days on market | 127 | 1404 | 7% |
Apr 8, 2026
$175,000
$189,950
-8% Price Drop
Initial Listing
Dec 16, 2025
$189,950
Initial Listing