1401 N Michael Way 240, Las Vegas, NV 89108, Las Vegas, 89108 - 2 bed, 2 bath
1401 N Michael Way 240
Las Vegas, NV 89108
Property Price
SUMMARY
Analysis of 1401 N Michael Way 240, Las Vegas, NV 89108 is currently available with a list price of $225,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property was built in 2003, making it 21 years old, which aligns with the 'fair' condition criteria. While the listing describes a bright, spacious, and move-in ready home, there is no mention of recent major renovations to the kitchen or bathrooms. The systems and finishes likely reflect the original construction period, showing functional but dated styles typical of a 20-plus-year-old condominium that has been maintained through regular upkeep rather than modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Open-Concept Living
The 1,075 sq. ft. layout features an open-concept design with abundant natural light and a private balcony, creating a spacious and airy feel for residents.
- Community Amenities
The property offers excellent lifestyle convenience with included appliances, access to a community pool, and a central location near shopping and dining.
- Proximity to Elementary Schools
The condo is ideally situated for families with young children, located within 0.35 miles of two elementary schools with solid ratings of 4 and 5.
CONSRISKS & DEFICIENCIES
- High School Rating
The assigned high school, Western High School, currently holds a low rating of 2, which may be a consideration for families with older children.
- Recurring HOA Costs
The monthly association fee of $238 adds a fixed recurring expense that buyers must factor into their long-term affordability and debt-to-income ratio.
About 1401 N Michael Way 240
Centrally located, this bright and spacious two-bedroom, two-bath condo features an open-concept layout with abundant natural light. The private balcony overlooks the complex, perfect for relaxing mornings or evenings. With included appliances and access to a community pool, you’ll enjoy both comfort and convenience. Experience easy living with shopping, dining, and the best of the valley close at hand.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2003
- Lot Size
- 5,911 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $238 / Month
Neighborhood Insights
Las Vegas Unified Schools
J T Mcwilliams Elementary School
Grades PK-5 • 0.3 mi
Paul E Culley Elementary School
Grades PK-5 • 0.3 mi
Robert O Gibson Middle School
Grades 6-8 • 1.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,075 | 1,056 | 61% |
| Lot Size | 5,911 | 945 | 79% |
| Price | $225.0K | $190.0K | 72% |
| Price per sq ft | $209 | $185 | 68% |
| Built year | 2003 | 1995 | 82% |
| HOA | $238 | $208 | 62% |
| Days on market | 16 | 725 | 1% |
Pricing History
Listed for Sale
Feb 19, 2026
$225,000
Initial Listing