1109 Olvera Way, Las Vegas, NV 89128, Las Vegas, 89128 - 3 bed, 2 bath
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1109 Olvera Way
Las Vegas, NV 89128
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,143Sq Ft
5,227Lot Size
Property Price
LIST PRICE$411,000
EST. MARKET VALUE
$393,549
4% AboveMARKET VALUE
SUMMARY
This single-story residence represents a Strong Value Opportunity, listed at $415,000—positioned above the $387,734 Fair Market Value. While the property lacks an instant equity gap, it offers a Condition Rating of 4, featuring a private swimming pool and no HOA restrictions. The dated kitchen provides a clear path for value-add renovations to modernize the interior. Located near the US-95 freeway and Tenaya medical corridor, this home is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a customizable property in a high-convenience location.
Estimated Market Value
$393,549
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 |
|---|---|---|---|---|---|---|
★ 1109 Olvera Way Subject | $411,000* List Price | 3 | 2 | 1,143 | $344 | - |
A 7320 Silver Ridge Drive Sold | $380,000 | 3 | 2 | 1,143 | $332 | 0.2 mi |
B 1533 Wintergreen Drive Sold | $390,000 | 3 | 2 | 1,284 | $304 | 0.4 mi |
C 1628 Sierra Hills Way Sold | $365,000 | 3 | 2 | 1,322 | $276 | 0.5 mi |
D 1624 Leaning Pine Way Sold | $400,000 | 3 | 3 | 1,481 | $270 | 0.5 mi |
E 1729 Villa Vista Way Sold | $375,000 List Price | 3 | 2 | 1,322 | 0.6 mi | |
F 7501 Moon Shower Circle Pending | $399,000 List Price | 3 | 2 | 1,262 | $316 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1993, the property is over 30 years old. While the flooring appears to have been recently updated and the exterior pool area is well-maintained, the kitchen remains dated with original-style cabinetry and a mix of older appliances, requiring further modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Outdoor Entertainment Oasis
The property features a private swimming pool, covered patio, and built-in BBQ, offering a premium outdoor living experience that is highly sought after in the Las Vegas climate.
- No HOA Restrictions
The absence of a Homeowners Association provides the owner with significant monthly savings and greater freedom regarding property use and maintenance compared to neighboring communities.
- Prime Location and Accessibility
Situated with immediate access to the US-95 freeway, Trader Joe's, and the Tenaya medical corridor, the home offers exceptional convenience for commuting, shopping, and healthcare.
CONSRISKS & DEFICIENCIES
- Limited Interior Square Footage
At 1,143 square feet for a three-bedroom configuration, the interior living spaces and secondary bedrooms may feel cramped for families or those requiring more spacious common areas.
- Underperforming School District
The property is zoned for schools with lower performance ratings, specifically a rating of 3 for the high school and 2 for a nearby elementary school, which may deter education-focused buyers.
About 1109 Olvera Way
Market price, 3 bedroom, 2-ba, 2-car garage, single story, built-in BBQ, pool, no backyard neighbors, adjacent to a big park with walking trails, NO HOA. Conveniently located near the popular clinics of Tenaya, the Best in the West shopping center, Trader Joe's, LVAC, so much more!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1993
- Lot Size
- 5,227 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Las Vegas Unified Schools
Edythe & Lloyd Katz Elementary School
Grades PK-5 • 0.6 mi
4/10
James B Mcmillan Elementary School
Grades PK-5 • 0.7 mi
2/10
Ernest Becker Middle School
Grades 6-8 • 2.6 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,143 | 1,961.945 |
| Lot Size | 5,227 | 6,098 |
| Price | $411.0K | $486.0K |
| Price per sq ft | $360 | $259 |
| Built year | 1993 | 2002 |
| HOA | $0 | $83 |
| Days on market | 60 | 62 |
Pricing History
Listed for Sale
Aug 19, 2026
$411,000
$415,000
-1% Price Drop
Initial Listing
Price Change
Jul 11, 2026
$415,000
Initial Listing