1945 Bookbinder Drive, Las Vegas, NV 89108, Las Vegas, 89108 - 4 bed, 2 bath
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1945 Bookbinder Drive
Las Vegas, NV 89108
ACTIVE
CONDITION: GOOD
4Beds
2Baths
1,586Sq Ft
3,920Lot Size
Property Price
LIST PRICE$405,000
EST. MARKET VALUE
$384,913
5% AboveMARKET VALUE
SUMMARY
This Strong Value Opportunity is a versatile Single Family Residence listed at $405,000—positioned well below the $384,914 Fair Market Value by -5%. Featuring a Condition Rating of 3, the property includes a converted 2-bedroom garage studio and a nearly finished backyard studio, providing significant income potential. While school ratings are modest, the lack of HOA fees and flexible living arrangements make this an ideal asset for Buy-and-Hold Investors or Owner-Occupants seeking a multi-generational living solution with immediate rental upside.
Estimated Market Value
$384,913
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 |
|---|---|---|---|---|---|---|
★ 1945 Bookbinder Drive Subject | $405,000* List Price | 4 | 2 | 1,586 | $243 | - |
A 6568 Lombard Drive Sold | $400,000 | 3 | 3 | 1,396 | $287 | 0.2 mi |
B 1849 Caviar Drive Sold | $396,500 | 3 | 3 | 1,404 | $282 | 0.2 mi |
C 6516 Moon Roses Court Sold | $306,100 | 3 | 2 | 1,300 | $235 | 0.8 mi |
D 1704 Kismet Circle Sold | $400,000 | 4 | 3 | 1,680 | $238 | 0.4 mi |
E 6629 Woodsworth Avenue Sold | $380,000 | 3 | 2 | 1,315 | $289 | 0.5 mi |
F 6501 Hartwood Road Sold | $385,000 | 4 | 3 | 1,726 | $223 | 0.8 mi |
G 2323 El Cerrito Circle Sold | $390,000 | 3 | 2 | 1,410 | $277 | 0.7 mi |
H 2604 Cathedral Lane Sold | $402,500 | 3 | 2 | 1,687 | $239 | 0.9 mi |
I 1968 Weenap Drive Pending | $435,000 List Price | 4 | 3 | 1,558 | $279 | 0.3 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 1992, the property has been well-maintained with significant updates. The kitchens feature granite countertops and stainless steel appliances, and the flooring has been updated to modern wood-look and tile. The converted garage and additional studio space indicate recent renovations, making the home functional and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Income & Multi-Generational Potential
The property features a converted garage into a 2-bedroom studio and an additional nearly finished backyard studio, offering exceptional flexibility for rental income or extended family living.
- No HOA Restrictions
With zero association fees, homeowners enjoy lower monthly overhead and greater freedom to use and customize the property without the constraints of a homeowners association.
- Functional Living Extensions
An enclosed front porch and multiple accessory structures maximize the usable square footage, providing ample space for entertaining and diverse lifestyle needs beyond the primary 4-bedroom layout.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- School District Ratings
The property is zoned for middle and high schools with low performance ratings (2/10), which could impact appeal for families and affect future appreciation.
- Unfinished Improvements
The backyard studio remains incomplete and the garage has been converted, which may require additional investment to finish or could complicate traditional financing and appraisals.
About 1945 Bookbinder Drive
Welcome to this spacious single-story home featuring 4 bedrooms and 2 bathrooms, plus additional flexible living spaces. The converted garage offers a 2-bedroom studio with its own appliances, providing excellent potential for guests, extended family, or additional living arrangements. The backyard features another studio that is nearly finished and offers an opportunity to customize and complete it to your liking. Appliances for both the main house and studios are included. The enclosed front porch provides additional space for entertaining, relaxing, or enjoying time with family and friends. A versatile property with plenty of space and potential!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1992
- Lot Size
- 3,920 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Las Vegas Unified Schools
Lilly & Wing Fong Elementary School
Grades PK-5 • 0.5 mi
6/10
J Harold Brinley Middle School
Grades 6-8 • 0.9 mi
2/10
Western High School
Grades 9-12 • 2.1 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,586 | 1,961.945 |
| Lot Size | 3,920 | 6,098 |
| Price | $405.0K | $486.0K |
| Price per sq ft | $255 | $259 |
| Built year | 1992 | 2002 |
| HOA | $0 | $83 |
| Days on market | 3 | 62 |
Pricing History
Listed for Sale
Sep 6, 2026
$405,000
Initial Listing