1305 Markwood Circle 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 Prime Investment Opportunity with a List Price of $225,000—positioned well below the $231,698 Fair Market Value by 2%. This valuation gap provides $6,698 in Instant Equity. Featuring a Condition Rating of 4, the unit offers a modern granite kitchen and wood flooring, yet retains significant upside through cosmetic updates. Located in a secure gated community near Summerlin, this short-sale asset balances immediate move-in appeal with long-term appreciation. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add primary residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1305 Markwood Circle 102 Subject | $199,000* List Price | 2 | 2 | 1,192 | $194 | - |
A 7961 Terrace Rock Way 202 Sold | $214,000 | 2 | 2 | 1,136 | $188 | 0.3 mi |
B 7700 CONSTANSO Avenue 204 Sold | $183,500 List Price | 2 | 2 | 1,204 | 0.3 mi | |
C 7700 Constanso Avenue 204 Sold | $195,000 List Price | 2 | 2 | 1,204 | 0.3 mi | |
D 8005 CETUS 201 Sold | $250,000 | 3 | 2 | 1,155 | $216 | 0.3 mi |
E 8005 CETUS 201 Sold | $250,000 | 3 | 2 | 1,155 | $216 | 0.3 mi |
F 8005 CETUS Circle 201 Sold | $250,000 | 3 | 2 | 1,155 | $216 | 0.3 mi |
G 928 Rockview Drive 101 Active | $215,000 List Price | 2 | 2 | 1,136 | $189 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1993, this property is well-maintained but shows its age. While it features some modern updates such as granite countertops, stainless steel appliances, and wood-look laminate flooring, other components remain dated, specifically the fluorescent light box in the kitchen and the original tile and fixtures in the bathrooms. The listing description explicitly mentions 'potential for updates,' which aligns with the fair condition category for a 30-year-old home with partial renovations.
The first-floor, open-concept design features thoughtfully separated bedrooms, providing excellent privacy for guests or a home office setup.
The unit boasts attractive wood flooring and a kitchen upgraded with granite countertops, offering a contemporary feel and immediate move-in appeal.
Situated in a gated community with a private location, the property offers enhanced security while remaining close to essential shopping, dining, and freeway access.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2654, other record lot size in square feet = 3481.
As a short sale subject to lender approval, the transaction may involve a significantly longer and more unpredictable closing timeline compared to traditional sales.
The property is noted for its potential for value enhancement, suggesting that some cosmetic or functional updates may be necessary to reach its full market potential.
Light-filled first-floor 2 bed, 2 bath condo in a gated community offering comfort and convenience. Open-concept layout features wood flooring, spacious living area, and a kitchen with granite countertops—ideal for everyday living or entertaining. Bedrooms are thoughtfully separated for added privacy, each with access to its own bath, perfect for guests or a home office setup. Conveniently located near shopping, dining, and freeway access. Privately situated within the community for added peace and security. Short sale subject to lender approval. Property offers potential for updates and value enhancement. Buyer subject to HOA guidelines.
No exterior & parking available.
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 | 1,192 | 1,025 | 79% |
| Lot Size | 2,654 | 707 | 70% |
| Price | $199.0K | $189.7K | 55% |
| Price per sq ft | $167 | $207 | 36% |
| Built year | 1993 | 1993 | 50% |
| HOA | $264 | $175 | 76% |
| Days on market | 33 | 1407 | 0% |
Apr 6, 2026
$199,000
$225,000
-12% Price Drop
Initial Listing
Mar 20, 2026
$225,000
Initial Listing