1531 Tumbleweed Drive, Henderson, NV 89002, Henderson, 89002 - 3 bed, 2 bath
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Henderson, NV 89002
This property presents a High-Potential Investment Opportunity with a List Price of $600,000—positioned well below the $602,821 Fair Market Value by 0.47%. This valuation gap offers $2,821 in Instant Equity. Featuring a Fair Condition Rating, the home requires renovation, yet the 16,117 sqft lot with double RV gates and hookups provides significant upside for forced appreciation. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project in Henderson.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1531 Tumbleweed Drive Subject | $600,000* List Price | 3 | 2 | 2,000 | $301 | - |
A 2230 Pinto Road Active | $700,000 List Price | 3 | 2 | 2,375 | $295 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997 (27 years old), the home features original dated finishes including oak cabinetry, white tile countertops, and older carpeting. The listing description explicitly states the property is 'ready for updating and renovation,' which aligns with the Fair criteria for a functional but dated home needing updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16117, living area = 2000.
The property features double RV gates and two dedicated hookups with water and electrical service, providing exceptional utility for RV owners, contractors, or those needing extra storage.
Situated on a nearly half-acre lot, this property offers rare space and flexibility for Henderson, allowing for significant future additions like a casita, workshop, or custom pool.
The existing residence is noted as needing updating and renovation, which will require a buyer with the budget and willingness to manage a significant project.
Built in 1997 and marketed as a 'canvas for value-add,' the property likely lacks modern finishes and energy-efficient upgrades compared to newer builds in the area.
Rare opportunity in Henderson with endless potential! Situated on an oversized nearly half-acre lot, this property offers a unique chance for RV enthusiasts, investors, contractors, or buyers looking to create their dream home. The existing residence is ready for updating and renovation, providing the perfect canvas to add value and customize to your vision. The property features double RV gates and two RV hookups complete with water and electrical service—ideal for RV owners, recreational vehicles, work trucks, trailers, or additional storage needs. With ample room for expansion, extra garage, workshop, pool, casita, or outdoor entertainment space, the possibilities are endless. Enjoy the freedom of a large lot with space that is increasingly difficult to find in Henderson. Conveniently located near shopping, dining, schools, parks, and freeway access. Bring your imagination and unlock the potential of this exceptional property!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,000 | - |
| Lot Size | 16,117 | - |
| Price | $600.0K | $527.3K |
| Price per sq ft | $300 | $279 |
| Built year | 1997 | 0 |
| HOA | $0 | $0 |
| Days on market | 5 | 2555 |
Jul 17, 2026
$600,000
Initial Listing
Oct 11, 1996
$165,000
Public Record
Oct 30, 1995
$40,000
Public Record