2438 El Paseo Circle, Las Vegas, NV 89121, Las Vegas, 89121 - 3 bed, 2 bath
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2438 El Paseo Circle
Las Vegas, NV 89121
ACTIVE UNDER CONTRACT
CONDITION: FAIR
3Beds
2Baths
1,675Sq Ft
2,178Lot Size
Property Price
LIST PRICE$225,000
EST. MARKET VALUE
$254,750
11% BelowMARKET VALUE
SUMMARY
This 1,675 sq. ft. townhouse presents a High-Potential Investment Opportunity with a List Price of $225,000—positioned well below the $254,750 Fair Market Value by 11%. This valuation gap offers $29,750 in Instant Equity. While the home maintains a Fair Condition Rating and requires cosmetic updates, its central location and 3-bedroom layout provide strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build equity through strategic renovations.
Estimated Market Value
$254,750+$29,750 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 2438 El Paseo Circle Subject 3 bd · 2 ba · 1,675 sqft · $152 | $225,000* List Price | 3 | 2 | 1,675 | $152 | - |
A 2457 El Paseo Circle Sold 3 bd · 2 ba · 1,675 sqft · $164 · 0.0 mi | $275,000 | 3 | 2 | 1,675 | $164 | 0.0 mi |
B 3448 Manzano Circle Sold 3 bd · 2 ba · 1,675 sqft · $166 · 0.2 mi | $278,500 | 3 | 2 | 1,675 | $166 | 0.2 mi |
C 3464 Pino Circle Sold 3 bd · 2 ba · 1,675 sqft · $161 · 0.1 mi | $270,000 | 3 | 2 | 1,675 | $161 | 0.1 mi |
D 2471 Palmera Drive Sold 3 bd · 2 ba · 1,735 sqft · $167 · 0.1 mi | $290,000 | 3 | 2 | 1,735 | $167 | 0.1 mi |
E 3154 Pradera Circle Sold 3 bd · 2 ba · 1,720 sqft · $145 · 0.6 mi | $250,000 | 3 | 2 | 1,720 | $145 | 0.6 mi |
F 3058 Conquista Ct Sold 3 bd · 2 ba · 1,700 sqft · $129 · 0.6 mi | $220,000 | 3 | 2 | 1,700 | $129 | 0.6 mi |
G 2806 San Martin Court Sold 3 bd · 2 ba · 1,719 sqft · $126 · 0.4 mi | $217,000 | 3 | 2 | 1,719 | $126 | 0.4 mi |
H 3066 Conquista Court Active Under Contract 3 bd · 2 ba · 1,701 sqft · $165 · 0.6 mi | $280,000 List Price | 3 | 2 | 1,701 | $165 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1974 (50 years old) and appears dated. While the description mentions solid surface countertops in the kitchen, the provided images show a laundry/utility area with older cabinetry and fixtures that likely exceed 20 years in age. The home is functional but requires cosmetic updates and minor repairs to address its age.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Central Location
Situated in central Las Vegas with quick access to the Strip, I-15, and local medical facilities, offering excellent convenience for commuters and residents.
- Generous Living Space
At 1,675 square feet, this single-story townhouse provides a spacious three-bedroom layout that is significantly larger than many comparable units in the area.
- Functional Interior Features
The home includes desirable elements such as solid surface countertops, tile flooring, a gas fireplace, and a rear covered patio for outdoor living.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1974, the home may require updates to its original systems or cosmetic finishes to meet modern buyer expectations.
- Monthly HOA Fees
The $316 monthly association fee represents a significant recurring expense that buyers must factor into their overall debt-to-income ratio.
About 2438 El Paseo Circle
1 story townhome with 3 bedrooms and 2 baths located in central Las Vegas, near shopping areas, restaurants, and a local hospital. The Las Vegas Strip and the I-15 freeway is a short drive away. The kitchen features solid surface countertops and tile flooring. This home also includes a gas fireplace in the living room and a rear covered patio. Show today! All figures and measurements are only approximate. Buyer is to verify schools, HOA, measurements and utilities.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1974
- Lot Size
- 2,178 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $316 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,675 | 1,432.321 |
| Lot Size | 2,178 | 2,308.901 |
| Price | $225.0K | $341.0K |
| Price per sq ft | $134 | $241 |
| Built year | 1974 | 1998 |
| HOA | $316 | $194 |
| Days on market | 25 | 70 |
Pricing History
Listed for Sale
Oct 1, 2026
$225,000
Initial Listing
Sold
Dec 20, 2001
$111,000
Public Record