1501 Truett Street 203, Las Vegas, NV 89128, Las Vegas, 89128 - 2 bed, 2 bath
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1501 Truett Street 203
Las Vegas, NV 89128
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,204Sq Ft
5,867Lot Size
Property Price
LIST PRICE$249,000
EST. MARKET VALUE
$260,488
4% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium is a High-Potential Investment Opportunity, listed at $249,000—positioned well below the $260,488 Fair Market Value by 4%. This valuation gap offers $11,488 in Instant Equity. Featuring a Condition Rating of 3, the unit includes a brand-new HVAC system, stainless steel appliances, and a private garage. Located in Summerlin with resort-style amenities, this property is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a move-in ready asset in a prime location.
Estimated Market Value
$260,488+$11,488 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1501 Truett Street 203 Subject 2 bd · 2 ba · 1,204 sqft · $216 | $249,000* List Price | 2 | 2 | 1,204 | $216 | - |
A 8056 Astrology Court 101 Sold 3 bd · 2 ba · 1,309 sqft · $223 · 0.5 mi | $291,875 | 3 | 2 | 1,309 | $223 | 0.5 mi |
B 1150 North Buffalo Drive 2008 Sold 2 bd · 2 ba · 928 sqft · $210 · 0.2 mi | $195,000 | 2 | 2 | 928 | $210 | 0.2 mi |
C 1508 Truett Street 103 Sold 3 bd · 2 ba · 1,344 sqft · $220 · 0.1 mi | $295,200 | 3 | 2 | 1,344 | $220 | 0.1 mi |
D 1150 North Buffalo Drive 2026 Sold 2 bd · 2 ba · 1,062 sqft · $240 · 0.2 mi | $255,000 | 2 | 2 | 1,062 | $240 | 0.2 mi |
E 1508 Blackcombe Street 201 Sold 2 bd · 2 ba · 1,074 sqft · $265 · 0.1 mi | $285,000 | 2 | 2 | 1,074 | $265 | 0.1 mi |
F 1325 Keifer Lane 201 Sold 2 bd · 2 ba · 1,192 sqft · $173 · 0.1 mi | $206,000 | 2 | 2 | 1,192 | $173 | 0.1 mi |
G 1513 Truett Street 104 Active 2 bd · 2 ba · 1,204 sqft · $224 · 0.1 mi | $269,900 List Price | 2 | 2 | 1,204 | $224 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1996, the property has undergone significant recent renovations (<5 years) including a brand-new HVAC system, new kitchen countertops, stainless steel appliances, and fresh laminate flooring. While the original oak cabinetry remains dated, the recent mechanical and cosmetic updates make it move-in ready and well-maintained.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Modern Upgrades
The property is move-in ready with significant recent improvements, including a brand-new air conditioning system, fresh paint, new laminate flooring, and updated kitchen countertops and appliances.
- Private Garage and Security
A rare find for condominiums, this unit includes its own private garage and is situated within a gated community, offering both convenience and enhanced security.
- Desirable Location and Amenities
Located in the sought-after Summerlin area, the property offers access to resort-style amenities including a clubhouse, fitness center, pool, and spa, with close proximity to premium shopping and dining.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5867, other record lot size in square feet = 3280.
- High Association Fees
The monthly association fee of $319 represents a significant recurring carrying cost that may impact the overall affordability for budget-conscious buyers.
- Inconsistent School Ratings
While the area is desirable, several of the closest assigned public schools have lower performance ratings, which could be a concern for families prioritizing top-tier education.
About 1501 Truett Street 203
Welcome home to this beautifully updated 2-bedroom, 2-bathroom gated condo in the desirable Summerlin area, complete with its own private garage! This move-in-ready home features a brand-new air conditioner for year-round comfort, a new kitchen countertop and sink, fresh paint throughout, stainless steel appliances, new blinds, and stylish laminate flooring. Enjoy resort-style community amenities, including a clubhouse, fitness center, swimming pool, and spa—perfect for relaxing or staying active. Conveniently located near shopping, restaurants, entertainment, and highly rated schools, this condo offers comfort, convenience, and an inviting lifestyle in one of the Las Vegas area's sought-after communities. Don't miss the opportunity to see this beautiful home! Schedule your private showing today.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1996
- Lot Size
- 5,867 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $319 / Month
Neighborhood Insights
Las Vegas Unified Schools
Richard H Bryan Elementary School
Grades PK-5 • 0.6 mi
6/10
Edythe & Lloyd Katz Elementary School
Grades PK-5 • 0.8 mi
4/10
James B Mcmillan Elementary School
Grades PK-5 • 0.9 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,204 | 1,048.989 |
| Lot Size | 5,867 | 5,669.706 |
| Price | $249.0K | $221.6K |
| Price per sq ft | $207 | $210 |
| Built year | 1996 | 1996 |
| HOA | $319 | $254 |
| Days on market | 36 | 70 |
Pricing History
Listed for Sale
Sep 18, 2026
$249,000
Initial Listing