2725 South Nellis Boulevard 2047, Las Vegas, NV 89121, Las Vegas, 89121 - 2 bed, 2 bath
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Las Vegas, NV 89121
This condominium presents a Strong Value Opportunity with a List Price of $174,888—positioned well below the $185,310 Fair Market Value by 5%. This valuation gap offers $10,422 in Instant Equity for buyers. Featuring a Fair Condition Rating, the unit provides a functional layout with a fireplace and deck, ideal for cosmetic modernization. While school ratings are modest, the proximity to the Las Vegas Strip and comprehensive HOA amenities ensure strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2725 South Nellis Boulevard 2047 Subject | $174,888* List Price | 2 | 2 | 1,029 | $180 | - |
A 2725 S Nellis Boulevard 2049 Sold | $180,000 | 2 | 2 | 1,029 | $175 | 0.0 mi |
B 2725 S Nellis Boulevard 1188 Sold | $198,000 | 2 | 2 | 1,029 | $192 | 0.0 mi |
C 2725 S Nellis Boulevard 1188 Sold | $198,000 | 2 | 2 | 1,029 | $192 | 0.0 mi |
D 2725 S Nellis Boulevard 2034 Sold | $181,000 | 2 | 2 | 1,029 | $176 | 0.0 mi |
E 2725 S NELLIS BL Boulevard 1188 Sold | $198,000 | 2 | 2 | 1,029 | $192 | 0.0 mi |
F 2725 S Nellis Boulevard 1152 Sold | $175,000 List Price | 2 | 2 | 1,029 | 0.1 mi | |
G 2725 S Nellis Boulevard 2116 Sold | $189,900 List Price | 2 | 2 | 1,029 | 0.2 mi | |
H 2725 S NELLIS BL Boulevard 2108 Sold | $190,000 | 2 | 2 | 1,029 | $185 | 0.2 mi |
I 2725 S Nellis Boulevard 2049 Active | $195,000 List Price | 2 | 2 | 1,029 | $190 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1994 (30 years old), the property falls into the 'Fair' category as it is dated and likely features original kitchen and bath finishes. While the description suggests it is functional and 'fully applianced,' the age and 'below market' pricing indicate a need for cosmetic updates and minor repairs to meet modern standards.
Positioned as a 'below market gem' at $174,888, this property offers a highly competitive entry point for investors or first-time buyers in the Las Vegas market.
Located just 15 minutes from the Las Vegas Strip, the property provides convenient access to world-class dining, shopping, and employment hubs.
The association fee covers an extensive suite of amenities including a pool, exercise room, tennis courts, and clubhouse, enhancing the overall lifestyle value.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1, other record lot size in square feet = 2162.
The assigned elementary, middle, and high schools all have low ratings (3-4 range), which may deter families prioritizing high-performing educational districts.
Built in 1994, the unit may require cosmetic updates or modernization of systems to meet contemporary standards and maximize future appreciation.
Great opportunity to acquire this below market gem....located 15 mins from the World Famous Las Vegas Strip with world class , dining, shopping and entertainment....two large bedrooms, separate dining room, large living room with fireplace, 2 full baths and a step saver kitchen, fully applianced including washer & dryer....full amenties with HOA including pool, excercise room, clubhouse, tennise courts, community BBQ area....a great place to call home
No exterior & parking available.
Grades PK-5 • 0.7 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,029 | - |
| Lot Size | 1 | - |
| Price | $174.9K | $217.2K |
| Price per sq ft | $170 | $219 |
| Built year | 1994 | 0 |
| HOA | $245 | $0 |
| Days on market | 6 | 828 |
Jul 16, 2026
$174,888
Initial Listing
Jan 14, 1994
$69,000
Public Record