1405 Vegas Valley Drive 226, Las Vegas, NV 89169, Las Vegas, 89169 - 3 bed, 2 bath
1405 Vegas Valley Drive 226
Las Vegas, NV 89169
Property Price
SUMMARY
Analysis of 1405 Vegas Valley Drive 226, Las Vegas, NV 89169 is currently available with a list price of $199,900. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 new construction or fully renovated.
Although built in 1971, the property has undergone an extensive recent renovation that meets modern quality standards. The interior features a chef's kitchen with new quartz countertops, fully updated luxurious bathrooms, modern flooring, and an open-concept layout. All visible components and fixtures appear new or virtually new with no signs of deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Interior Upgrades
The property features high-end renovations including quartz countertops and updated bathrooms, offering a contemporary, move-in-ready aesthetic that is rare for this price point.
- Exceptional Value
Listed at $199,900 for a three-bedroom configuration, this condo represents a highly competitive entry-level price for the Las Vegas market, appealing to both first-time buyers and investors.
- Functional Layout
The open-concept design and three-bedroom floor plan maximize the 1,125 square feet of living space, providing versatility for families or roommates.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12099, other record lot size in square feet = 1261.
- High Association Fees
The monthly HOA fee of $469 is significant relative to the purchase price, which may impact a buyer's monthly affordability and reduce net yields for rental investors.
- Building Age
Constructed in 1971, the complex's aging infrastructure and common areas may require ongoing maintenance or lead to future special assessments despite the individual unit's modern interior.
About 1405 Vegas Valley Drive 226
Welcome to your dream retreat! This beautifully renovated condo offers the perfect fusion of modern elegance and timeless charm. Designed for both comfort and style, the open-concept layout creates a seamless flow between spacious living areas. The chef’s kitchen boasts stunning quartz countertops, perfect for culinary adventures and entertaining. Luxurious, modern bathrooms. Whether you're hosting guests, accommodating family, or seeking a prime rental opportunity, this versatile space provides privacy and comfort. Don’t miss out on this exceptional property—it truly has it all!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1971
- Lot Size
- 12,099 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $469 / Month
Neighborhood Insights
Las Vegas Unified Schools
Robert E Lake Elementary School
Grades PK-5 • 0.4 mi
John C Fremont Middle School
Grades 6-8 • 0.9 mi
Valley High School
Grades 9-12 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 94% |
| Baths | 2.0 | 1.0 | 57% |
| Square foot | 1,125 | 863 | 94% |
| Lot Size | 12,099 | 974 | 84% |
| Price | $199.9K | $145.0K | 64% |
| Price per sq ft | $178 | $177 | 52% |
| Built year | 1971 | 1973 | 46% |
| HOA | $469 | $240 | 77% |
| Days on market | 351 | 351 | 51% |
Pricing History
Listed for Sale
Mar 21, 2025
$199,900
Initial Listing