1575 W Warm Springs Road 111, Henderson, NV 89014, Henderson, 89014 - 2 bed, 2 bath
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Henderson, NV 89014
This Ground-Floor Distressed Condominium is a strategic Value-Add Project listed at $225,000, currently positioned above its $193,561 Fair Market Value due to its distressed "as-is" condition. Carrying a Condition Rating of 5 with documented significant water damage, the asset requires professional remediation and a full interior overhaul. Despite the short-sale complexity, the property offers Ground Floor Accessibility and is located just 0.17 miles from Green Valley High School. This acquisition is ideal for Fix-and-Flip Investors or Contractors looking to build equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1575 W Warm Springs Road 111 Subject | $225,000* List Price | 2 | 2 | 1,162 | $167 | - |
A 1575 WARM SPRINGS Road 1823 Sold | $247,000 | 2 | 2 | 1,162 | $213 | 0.2 mi |
B 1575 W Warm Springs Road 1511 Sold | $178,900 List Price | 2 | 2 | 1,162 | 0.2 mi | |
C 1575 WARM SPRINGS Road 1111 Sold | $217,500 | 2 | 2 | 1,162 | $187 | 0.1 mi |
D 377 Manti Place 0 Active | $265,000 List Price | 0 | 2 | 1,149 | $231 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is explicitly listed as having significant water damage requiring professional remediation and extensive repairs. Built in 1991 and sold as a short sale, it meets the criteria for 'poor' condition due to defects that likely affect the safety and habitability of the interior, necessitating substantial rehabilitation despite the exterior appearing maintained.
As a ground-floor unit, this property offers convenient entry and exit without the need for stairs, making it highly attractive for those with mobility concerns or seeking easy daily access.
The property is located within walking distance (0.17 miles) of Green Valley High School and is zoned for highly-rated elementary schools, which is a significant draw for families and supports long-term value.
Priced competitively for the Henderson market, this unit presents a strong opportunity for investors or handy homeowners to build equity through renovation and modernization.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5614, other record lot size in square feet = 3192.
The property has documented water damage, which will require professional remediation and potentially extensive repairs to restore it to a habitable and marketable condition.
Being a short sale, the transaction is subject to third-party bank approval, which typically results in a significantly longer closing timeline and increased procedural uncertainty for the buyer.
Ground Floor Unit, Short Sale, Water Damage, more details to follow.
No exterior & parking available.
Grades PK-5 • 2.2 mi
Grades 6-8 • 1.5 mi
Grades 9-12 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,162 | 1,162 | 50% |
| Lot Size | 5,614 | - | 91% |
| Price | $225.0K | $0 | 73% |
| Price per sq ft | $194 | $0 | 73% |
| Built year | 1991 | 1992 | 27% |
| HOA | $252 | $150 | 82% |
| Days on market | 42 | 2694 | 9% |
Mar 11, 2026
$225,000
Initial Listing
Aug 26, 1994
$73,500
Public Record