2451 N Rainbow Boulevard 1047, Las Vegas, NV 89108, Las Vegas, 89108 - 1 bed, 1 bath
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Las Vegas, NV 89108
This Affordable Entry-Level Condominium in the gated Mountain Creek community is listed at $165,000, providing a strategic alternative to renting. While the $144,790 Fair Market Value reflects its current Fair Condition Rating, the property offers significant upside through cosmetic modernization of its original 1988 finishes. The unit is served by Lilly & Wing Fong Elementary and features community amenities like a swimming pool and clubhouse. This is a prudent acquisition for Buy-and-Hold Investors or first-time buyers focused on building equity through interior updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2451 N Rainbow Boulevard 1047 Subject | $165,000* List Price | 1 | 1 | 720 | $201 | - |
A 2451 N Rainbow Boulevard 2043 Sold | $189,900 | 1 | 1 | 720 | $264 | 0.0 mi |
B 2451 N Rainbow Boulevard 2043 Sold | $169,990 List Price | 1 | 1 | 720 | 0.0 mi | |
C 2801 N Rainbow Boulevard 118 Sold | $171,500 | 2 | 2 | 944 | $182 | 0.5 mi |
D 2801 N RAINBOW Boulevard 118 Sold | $171,500 | 2 | 2 | 944 | $182 | 0.5 mi |
E 2451 N Rainbow Boulevard 2035 Active | $165,000 List Price | 1 | 1 | 720 | $229 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988, this property is in mostly original condition and shows significant cosmetic aging. The kitchen features dated oak-style cabinetry, laminate countertops, and older white appliances. The flooring consists of worn carpeting and basic vinyl, while the bathroom and light fixtures reflect the original construction era. While functional and maintained, the unit has not undergone major renovations in over 20 years, fitting the criteria for a fair condition score.
Priced competitively at $165,000, this property serves as an ideal alternative to renting for first-time buyers looking to build equity.
The gated complex provides enhanced security along with desirable lifestyle features including a swimming pool and clubhouse.
The property boasts excellent accessibility, situated close to major freeway access, public transportation, and various shopping centers.
Built in 1988, the unit may require cosmetic updates or face higher maintenance needs compared to more modern condominium developments.
While the elementary school is rated well, the assigned middle and high schools have lower ratings, which could affect long-term resale appeal.
This is a winner for the 1st time buyer tired of paying rent. Generous 1 bedroom unit in gated complex with pool, clubhouse and close to shops, public transportation and freeway access.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades 6-8 • 2.1 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 6% |
| Baths | 1.0 | 2.0 | 6% |
| Square foot | 720 | 1,056 | 6% |
| Lot Size | 2,500 | - | 66% |
| Price | $165.0K | $185.0K | 38% |
| Price per sq ft | $229 | $176 | 87% |
| Built year | 1988 | 1995 | 26% |
| HOA | $256 | $200 | 85% |
| Days on market | 134 | 1459 | 10% |
Dec 10, 2025
$165,000
Initial Listing