This Single-Family Residence is a Strong Value Opportunity, listed at $390,000—positioned well above the $355,663 Fair Market Value by 9%. While priced above current estimates, the property offers significant peace of mind with Recent Mechanical Upgrades, including a 2022 AC unit and newer appliances. With a Condition Rating of 4, the home provides a blank canvas for cosmetic modernization. Located near the Lake Mead National Recreation Area with No HOA Restrictions, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a stable, customizable asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 262 Lilium Street Subject | $390,000* List Price | 3 | 2 | 1,379 | $258 | - |
A 230 Night Fall Terrace Sold | $439,000 | 3 | 2 | 1,494 | $294 | 0.3 mi |
B 908 Sunnyfield Way Sold | $320,000 | 3 | 2 | 1,334 | $240 | 0.8 mi |
C 234 Meyers Avenue Sold | $375,000 | 3 | 2 | 1,317 | $285 | 0.5 mi |
D 185 Horizon View Drive Sold | $415,000 | 3 | 2 | 1,334 | $311 | 0.9 mi |
E 211 Fir Street Sold | $350,000 | 4 | 2 | 1,398 | $250 | 0.5 mi |
F 132 Cedar Street Sold | $330,000 | 3 | 1 | 1,330 | $248 | 0.7 mi |
G 175 Spinnaker Drive Sold | $390,000 | 4 | 3 | 1,545 | $252 | 0.3 mi |
H 260 Prairie Rose Street Pending | $410,000 List Price | 3 | 2 | 1,524 | $269 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is 31 years old (built 1995), placing it in the dated category. While major systems like the HVAC (2022) and specific appliances (2023/2026) have been updated, there is no mention of kitchen or bathroom renovations, and the description of 'potential' suggests it needs cosmetic updates.
The property offers significant peace of mind with major capital expenditures already addressed, including a new AC unit (2022), stove (2023), and washing machine (2026).
The absence of a Homeowners Association provides owners with greater financial flexibility and freedom from restrictive covenants, a highly sought-after feature in the Henderson market.
Ideally situated near the Lake Mead National Recreation Area and local parks, this home is perfectly positioned for outdoor enthusiasts and active families.
Built in 1995, the property may require interior aesthetic updates to meet modern design standards and maximize its full market value.
While the home is conveniently located near several schools, the assigned middle and high schools carry lower academic ratings, which may be a consideration for education-focused buyers.
Discover fantastic potential at 262 Lilium, a single-story home ideally located just minutes from schools, parks, and the Lake Mead National Recreation Area. This property offers peace of mind with no HOA and major items already updated, including a new AC unit in 2022, a new stove in 2023, and a new washing machine in 2026. With these essential appliances and mechanicals handled, this could be the perfect property for your next primary residence or a solid investment opportunity.
No exterior & parking available.
Grades PK-5 • 0.7 mi
Grades PK-5 • 2.1 mi
Grades 6-8 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,379 | 2,064.015 |
| Lot Size | 5,227 | 6,098 |
| Price | $390.0K | $525.0K |
| Price per sq ft | $283 | $265 |
| Built year | 1995 | 2005 |
| HOA | $0 | $110 |
| Days on market | 5 | 70 |
Sep 4, 2026
$390,000
Initial Listing
Sep 23, 1994
$104,000
Public Record