1405 Vegas Valley Drive 281, Las Vegas, NV 89169, Las Vegas, 89169 - 3 bed, 2 bath
1405 Vegas Valley Drive 281
Las Vegas, NV 89169
Property Price
SUMMARY
Analysis of 1405 Vegas Valley Drive 281, Las Vegas, NV 89169 is currently available with a list price of $175,000. 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.
Built in 1971, this property is aged but has been maintained with some updates, including granite countertops and tile flooring throughout. While functional and move-in ready, the kitchen cabinetry, appliances, and overall aesthetic appear dated rather than recently renovated. It fits the 'fair' criteria as a property over 20 years old that has undergone occasional updates but lacks a full modern overhaul.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Central Location
Situated near the Las Vegas Strip, major shopping centers, and public transportation, this property offers excellent accessibility for commuters and entertainment seekers.
- Functional Single-Level Layout
As a first-floor, one-level unit with three bedrooms, it provides rare accessibility and ample living space that is highly desirable for families or those with mobility preferences.
- Durable Interior Finishes
The condo features low-maintenance tile flooring throughout and upgraded granite countertops in the kitchen, reducing immediate renovation needs and adding long-term value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11851, other record lot size in square feet = 1261.
- High Monthly HOA Fees
At $469 per month, the association fee is relatively high compared to the listing price, which may impact the overall debt-to-income ratio for buyers and net cash flow for investors.
- Aging Infrastructure
Built in 1971, the property and its surrounding complex may require more frequent maintenance or lack the energy-efficient features found in more modern developments.
About 1405 Vegas Valley Drive 281
Great value in this 3 beds, 2 baths condo. This is a one level unit, located on the first floor. Tile flooring throughout, kitchen with granite countertops, private patio with storage. Centrally located near The Strip, shopping and transportation.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1971
- Lot Size
- 11,851 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 • 0.8 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 | 11,851 | 974 | 84% |
| Price | $175.0K | $145.0K | 61% |
| Price per sq ft | $156 | $177 | 30% |
| Built year | 1971 | 1973 | 46% |
| HOA | $469 | $240 | 77% |
| Days on market | 80 | 347 | 7% |
Pricing History
Listed for Sale
Dec 17, 2025
$175,000
Initial Listing