1405 Vegas Valley Drive 281, Las Vegas, NV 89169, Las Vegas, 89169 - 3 bed, 2 bath
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Las Vegas, NV 89169
This Spacious 3-Bedroom Condominium represents a Strong Value Opportunity, listed at $160,000—positioned well below the $179,547 Fair Market Value by 10%. This valuation gap provides $19,547 in Instant Equity. Maintaining a Fair Condition Rating, the ground-floor unit features a private patio and refreshed kitchen, though it retains some vintage elements. Located near Robert E Lake Elementary and John C Fremont Middle School, the property offers rare 3-bedroom utility at this price point. It is an ideal acquisition for first-time buyers seeking a starter home or Buy-and-Hold Investors targeting high-demand rental areas.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1405 Vegas Valley Drive 281 Subject | $160,000* List Price | 3 | 2 | 1,125 | $160 | - |
A 1405 Vegas Valley Drive 366 Sold | $145,000 | 2 | 1 | 863 | $168 | 0.1 mi |
B 1405 Vegas Valley Drive 213 Active | $125,000 List Price | 2 | 2 | 951 | $131 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1971, this property is well-maintained and move-in ready but features several outdated elements consistent with its age. The kitchen has been refreshed with white cabinetry and granite-look counters, but still utilizes older white appliances and a dated fluorescent light box. The presence of popcorn ceilings, security bars on windows, and the lack of in-unit laundry facilities further support a 'fair' rating, as the home is functional but requires modern updates to meet current market standards.
Priced below market value at $160,000, this property represents a high-value opportunity for first-time homebuyers or investors looking for immediate equity.
With three well-sized bedrooms and over 1,100 square feet of living space, this unit offers a rare and functional floor plan for a condominium in this price bracket.
The first-floor location provides easy, stair-free access, which is a significant advantage for moving, grocery transport, and long-term accessibility.
The monthly HOA fee of $469 is relatively high compared to the purchase price, which may impact the overall monthly affordability and investor ROI.
The property relies on a community laundry area rather than having private in-unit hookups, which can be a major inconvenience for modern residents.
Priced BELOW market value for quick sale! This first floor 3 bedroom 2 bathroom Condominium can be your fist starter home. All 3 bedrooms have great size. Community offers pool and laundry area.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 1.0 | 96% |
| Baths | 2.0 | 1.0 | 67% |
| Square foot | 1,125 | 770 | 94% |
| Lot Size | - | 974 | 36% |
| Price | $160.0K | $130.0K | 61% |
| Price per sq ft | $142 | $186 | 22% |
| Built year | 1971 | 1973 | 42% |
| HOA | $469 | $230 | 83% |
| Days on market | 7 | 742 | 1% |
Apr 15, 2026
$160,000
Initial Listing