1105 Sulphur Springs Lane Unit 102, Las Vegas, NV 89128, Las Vegas, 89128 - 2 bed, 2 bath
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1105 Sulphur Springs Lane Unit 102
Las Vegas, NV 89128
ACTIVE
CONDITION: POOR
2Beds
2Baths
912Sq Ft
0Lot Size
Property Price
LIST PRICE$259,900
EST. MARKET VALUE
$214,027
21% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $259,900—positioned well above the $214,028 Fair Market Value by -21%. Featuring a Condition Rating of 5, the unit requires a full interior rehab to address dated finishes and worn flooring. While the Efficient Single-Story Layout and Private Patio offer functional appeal, the High Association Fees necessitate a careful ROI analysis. This asset is best suited for Buy-and-Hold Investors or Contractors capable of executing a comprehensive renovation to modernize the space.
Estimated Market Value
$214,027
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1105 Sulphur Springs Lane Unit 102 Subject 2 bd · 2 ba · 912 sqft · $235 | $259,900* List Price | 2 | 2 | 912 | $235 | - |
A 929 Sulphur Springs Lane 202 Sold 2 bd · 2 ba · 1,136 sqft · $220 · 0.1 mi | $250,000 | 2 | 2 | 1,136 | $220 | 0.1 mi |
B 1505 Cedar Rock Lane 201 Sold 2 bd · 2 ba · 912 sqft · $203 · 0.3 mi | $185,000 | 2 | 2 | 912 | $203 | 0.3 mi |
C 913 Boulder Springs Drive 202 Sold 2 bd · 2 ba · 1,136 sqft · $205 · 0.2 mi | $232,500 | 2 | 2 | 1,136 | $205 | 0.2 mi |
D 1830 North Buffalo Drive 1007 Sold 2 bd · 2 ba · 1,062 sqft · $235 · 0.7 mi | $250,000 | 2 | 2 | 1,062 | $235 | 0.7 mi |
E 1830 N Buffalo Drive 1029 Sold 2 bd · 2 ba · 1,104 sqft · $204 · 0.7 mi | $225,000 | 2 | 2 | 1,104 | $204 | 0.7 mi |
F 1120 Observation Drive 101 Active 2 bd · 2 ba · 912 sqft · $230 · 0.2 mi | $209,900 List Price | 2 | 2 | 912 | $230 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1988 (36 years old) with no evidence of recent renovations. The kitchen and bathrooms feature original oak cabinetry and dated white appliances. The interior shows significant wear, specifically heavily stained and worn carpeting, indicating the unit needs a full rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Efficient Single-Story Layout
The 912-square-foot floor plan is thoughtfully designed to maximize space and accessibility, offering a seamless single-story living experience that appeals to a broad demographic.
- Dual Suite Functionality
With two spacious bedrooms and two full bathrooms, the residence provides excellent privacy and convenience, making it an ideal setup for roommates, guests, or small families.
- Private Outdoor Space
The inclusion of a private balcony or patio offers a dedicated area for outdoor relaxation and leisure, a highly valued feature in the Las Vegas condominium market.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $636 is significantly high relative to the listing price and square footage, which may impact buyer affordability and overall investment yield.
- Dated Infrastructure
Constructed in 1988 and marketed as a 'canvas for your personal touch,' the property likely requires capital investment for cosmetic updates or system modernizations to compete with newer units.
About 1105 Sulphur Springs Lane Unit 102
Discover an exceptional opportunity in Las Vegas with this charming condominium, perfectly designed for comfortable living. This residence offers a seamless blend of practicality and leisure, creating an inviting atmosphere from the moment you arrive. The thoughtful layout maximizes every inch of its 912 square feet, presenting a wonderful canvas for your personal touch. The two spacious bedrooms and two full bathrooms provide ample accommodation, ensuring privacy and convenience for all residents. Thoughtful interiors enhance privacy and light control throughout the home, adding a touch of elegance. Step outside to enjoy the balcony or patio, perfect for savoring a morning coffee or unwinding in the evening. Situated in a vibrant neighborhood, this home offers access to a dynamic lifestyle, with local amenities and attractions within easy reach. This single-story gem promises a relaxed and fulfilling living experience in a prime Las Vegas location.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1988
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $636 / Month
Neighborhood Insights
Las Vegas Unified Schools
Richard H Bryan Elementary School
Grades PK-5 • 0.7 mi
6/10
Edythe & Lloyd Katz Elementary School
Grades PK-5 • 1.1 mi
4/10
James B Mcmillan Elementary School
Grades PK-5 • 1.2 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 912 | 1,048.989 |
| Lot Size | - | 5,669.706 |
| Price | $259.9K | $221.6K |
| Price per sq ft | $285 | $210 |
| Built year | 1988 | 1996 |
| HOA | $636 | $254 |
| Days on market | 4 | 70 |
Pricing History
Listed for Sale
Oct 20, 2026
$259,900
Initial Listing