221 Mission Newport Lane 205, Las Vegas, NV 89107, Las Vegas, 89107 - 1 bed, 1 bath
221 Mission Newport Lane 205
Las Vegas, NV 89107
Property Price
SUMMARY
Analysis of 221 Mission Newport Lane 205, Las Vegas, NV 89107 is currently available with a list price of $145,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1989, this property falls into the 'Fair' category as it is over 30 years old without evidence of a full recent renovation. While the unit is functional and maintained, the kitchen and bathroom styles, along with the wood-burning fireplace and overall finishes, reflect an older aesthetic consistent with its age. It is move-in ready but shows signs of being outdated, making it a typical investment opportunity requiring minor cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Value
Priced competitively at $145,000, this property offers an excellent entry-level price point for investors or first-time buyers in the Las Vegas market.
- Community Amenities
Located in a secure gated community, the property provides access to desirable lifestyle perks including a fitness room, spa, and park.
- Functional Layout & Features
The unit features a spacious open floor plan, a cozy wood-burning fireplace, and a private balcony optimized for western sunset views.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $370 is relatively high in proportion to the listing price, which may affect the debt-to-income ratio for some buyers.
- Underperforming School District
The assigned elementary and high schools carry low ratings (2/10), which may limit the property's appeal to families prioritizing education.
About 221 Mission Newport Lane 205
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!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- 7,243 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $370 / Month
Neighborhood Insights
Las Vegas Unified Schools
Red Rock Elementary School
Grades PK-5 • 0.3 mi
Frank F Garside Junior High School
Grades 6-8 • 1.2 mi
Western High School
Grades 9-12 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 1.0 | 50% |
| Baths | 1.0 | 2.0 | 45% |
| Square foot | 660 | 660 | 50% |
| Lot Size | 7,243 | 1,276 | 76% |
| Price | $145.0K | $107.0K | 79% |
| Price per sq ft | $220 | $151 | 90% |
| Built year | 1989 | 1989 | 50% |
| HOA | $370 | $275 | 79% |
| Days on market | 320 | 382 | 45% |
Pricing History
Listed for Sale
Apr 21, 2025
$145,000
Initial Listing