221 Mission Newport Lane 205, Las Vegas, NV 89107, Las Vegas, 89107 - 1 bed, 1 bath
Loading property details...
Las Vegas, NV 89107
This Condominium Asset offers an accessible entry point into the Las Vegas market with a List Price of $145,000, representing a stable valuation near its $132,600 Fair Market Value. Holding a Condition Rating of 4, the interior features dated finishes that present a clear value-add opportunity through cosmetic updates. The unit includes a wood-burning fireplace and a West-Facing Balcony with park views. While assigned to Western High School and Red Rock Elementary, the gated community’s amenities ensure consistent rental appeal. This is a practical acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 221 Mission Newport Lane 205 Subject | $145,000* List Price | 1 | 1 | 660 | $201 | - |
A 220 Mission Newport Lane 106 Sold | $122,000 | 1 | 1 | 660 | $185 | 0.0 mi |
B 220 MISSION NEWPORT Lane 203 Sold | $122,000 | 1 | 1 | 660 | $185 | 0.0 mi |
C 220 MISSION NEWPORT Lane 203 Sold | $122,000 | 1 | 1 | 660 | $185 | 0.0 mi |
D 220 MISSION NEWPORT Lane 106 Sold | $122,000 | 1 | 1 | 660 | $185 | 0.0 mi |
E 220 Mission Newport Lane 203 Sold | $122,000 | 1 | 1 | 660 | $185 | 0.0 mi |
F 220 Mission Catalina Lane 102 Sold | $169,900 List Price | 2 | 2 | 876 | 0.0 mi | |
G 221 Mission Catalina Lane 202 Active | $159,000 List Price | 1 | 1 | 660 | $241 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989, this property falls within the 25-40 year age range typical for the 'fair' condition category. While the exterior and community grounds appear well-maintained, the listing lacks any mention of recent major renovations to the kitchen, bathroom, or major systems, suggesting the interior likely features dated components and original finishes that require minor updates.
Priced competitively at $145,000, this property offers an accessible entry point for first-time buyers or investors looking for a high-demand rental opportunity in the Las Vegas market.
Located within a secure gated community, the property provides residents with premium lifestyle perks including a fitness center, spa, and park, which enhances tenant retention and overall appeal.
The unit features a spacious open floor plan with a wood-burning fireplace and a private west-facing balcony, offering desirable aesthetic and functional elements rarely found at this price point.
The monthly HOA fee of $370 is relatively high for a 660-square-foot unit, which may impact the net ROI for investors and increase the monthly carrying costs for owner-occupants.
The assigned public schools for this area currently hold low ratings (2-3 out of 10), which could limit the property's appeal to families and potentially affect long-term appreciation.
Amazing Investment Opportunity. Come check out this awesome upstairs condo in a gated community! It’s super spacious with an open layout that includes the living area, kitchen, dining space, a full bathroom, and a comfy bedroom. The living room has a cozy wood-burning fireplace and opens up to a balcony facing the west sunset. Priced to sell in a super convenient spot right near the freeway and tons of shopping. The community has some great perks too, like a spa, fitness room, park, and more. Stop by and make it yours!
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 660 | 660 | 50% |
| Lot Size | 7,243 | 876 | 85% |
| Price | $145.0K | $100.0K | 85% |
| Price per sq ft | $220 | $151 | 93% |
| Built year | 1989 | 1984 | 52% |
| HOA | $370 | $223 | 85% |
| Days on market | 366 | 1497 | 41% |
Apr 21, 2025
$145,000
Initial Listing