2251 Wigwam Parkway 524, Henderson, NV 89074, Henderson, 89074 - 2 bed, 2 bath
Loading property details...
2251 Wigwam Parkway 524
Henderson, NV 89074
ACTIVE
CONDITION: POOR
2Beds
2Baths
1,012Sq Ft
9,060Lot Size
Property Price
LIST PRICE$196,000
EST. MARKET VALUE
$197,865
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $196,000—positioned well below the $197,866 Fair Market Value by 0.94%. This asset offers $1,866 in Instant Equity for buyers prepared to address the Condition Rating of 5. While the unit requires a full interior rehab due to water damage and city violations, its location in a district with Top-Rated Schools like John Vanderburg Elementary and Coronado High School ensures long-term desirability. This is a strategic acquisition for Fix-and-Flip Investors or Contractors.
Estimated Market Value
$197,865
Based on Realkey algorithm analyzing recent comparable sales in Henderson.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2251 Wigwam Parkway 524 Subject | $196,000* List Price | 2 | 2 | 1,012 | $196 | - |
A 2251 Wigwam Parkway 1714 Sold | $252,000 | 2 | 2 | 1,012 | $249 | 0.2 mi |
B 2201 Ramsgate Drive 1011 Sold | $209,000 | 2 | 2 | 931 | $224 | 0.2 mi |
C 2201 Ramsgate Drive 326 Sold | $157,000 | 1 | 1 | 777 | $202 | 0.2 mi |
D 2201 Ramsgate Drive 1017 Sold | $179,000 | 1 | 1 | 777 | $230 | 0.2 mi |
E 2251 Wigwam Parkway 422 Active | $240,000 List Price | 2 | 2 | 1,012 | $237 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1992 (34 years old), this property is currently unlivable and has been red-tagged by the City of Henderson as 'Unsafe to Occupy.' It suffers from significant water damage with drywall removed and requires a full interior rehab and resolution of city violations.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: John Vanderburg Elementary School (9/10). High School: Coronado High School (9/10).
- Top-Rated School District
The property is zoned for highly-rated schools, including Coronado High School and John Vanderburg Elementary, which significantly enhances long-term value and desirability for families.
- High Investment Potential
Priced under $200,000 in a prime Henderson location, this unit offers substantial equity upside for investors or flippers looking to renovate and resell in a high-demand area.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9060, other record lot size in square feet = 3080.
- Extensive Rehabilitation Required
The property has significant water damage and missing drywall, requiring a full interior build-out and a substantial budget for repairs before it can be habitable.
- Legal and Financing Hurdles
An active city violation and 'as-is' sale status will likely restrict financing to cash or hard money, while requiring the buyer to resolve municipal compliance issues.
About 2251 Wigwam Parkway 524
Property had water damage before, drywall has been removed. City violation in place, sold as is.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1992
- Lot Size
- 9,060 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $225 / Month
Neighborhood Insights
Henderson Unified Schools
Neil C Twitchell Elementary School
Grades PK-5 • 0.8 mi
8/10
John Vanderburg Elementary School
Grades PK-5 • 0.9 mi
9/10
Selma F Bartlett Elementary School
Grades PK-5 • 1.0 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,012 | 1,151.889 |
| Lot Size | 9,060 | 5,607.667 |
| Price | $196.0K | $268.4K |
| Price per sq ft | $194 | $230 |
| Built year | 1992 | 1998 |
| HOA | $225 | $290 |
| Days on market | 14 | 90 |
Pricing History
Listed for Sale
Aug 26, 2026
$196,000
Initial Listing