2859 Mount Hope Drive, Las Vegas, NV 89156, Las Vegas, 89156 - 3 bed, 2 bath
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2859 Mount Hope Drive
Las Vegas, NV 89156
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,358Sq Ft
3,920Lot Size
Property Price
LIST PRICE$368,000
EST. MARKET VALUE
$359,636
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $368,000—positioned well below the $363,474 Fair Market Value by -1.2%. Featuring a Fair Condition Rating, this single-story home offers No HOA fees and a built-in tenant through May 2027, ensuring immediate rental income. The interior boasts durable tile flooring and mountain views, providing a low-maintenance asset. While the local school district ratings are modest, the property’s turnkey status makes it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a stable, income-generating asset.
Estimated Market Value
$359,636
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 |
|---|---|---|---|---|---|---|
★ 2859 Mount Hope Drive Subject | $368,000* List Price | 3 | 2 | 1,358 | $265 | - |
A 6659 Mammoth Cave Lane Sold | $321,000 | 3 | 2 | 1,234 | $260 | 0.5 mi |
B 2362 SIERRA SUNRISE Street Sold | $325,000 | 3 | 2 | 1,232 | $264 | 0.8 mi |
C 6656 Sierra Creek Lane Sold | $329,900 | 3 | 2 | 1,302 | $253 | 0.5 mi |
D 6565 Cameron Peak Court Sold | $360,000 | 3 | 3 | 1,870 | $193 | 0.1 mi |
E 6560 Bush Clover Lane Sold | $375,000 | 3 | 2 | 1,453 | $258 | 0.9 mi |
F 6370 Canyon Vista Court Sold | $320,000 | 2 | 2 | 1,080 | $296 | 0.5 mi |
G 6556 Mount Roy Lane Sold | $430,000 | 3 | 3 | 1,870 | $230 | 0.3 mi |
H 3108 Emerald Creek Drive Sold | $335,000 | 2 | 2 | 1,350 | $248 | 0.4 mi |
I 2881 Prestonwood Street Active | $330,000 List Price | 3 | 2 | 1,140 | $289 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1996 (28 years old), the property falls into the 'Fair' category due to age. While it features updated wood-look tile flooring and is well-maintained, the kitchen remains dated with older white appliances and basic cabinetry. At nearly 30 years old, major systems like HVAC and roofing are likely nearing the end of their functional lifespan.
PROSSTRENGTHS & OPPORTUNITIES
- No HOA Fees
The absence of a Homeowners Association offers owners greater freedom and eliminates monthly dues, significantly increasing the property's long-term affordability.
- Turnkey Investment Potential
With a built-in tenant secured through May 2027, this property provides immediate, guaranteed rental income, making it an ideal addition to an investment portfolio.
- Low-Maintenance Interior
Featuring tile flooring throughout and no carpet, the home is designed for durability and easy cleaning, which is highly desirable for both landlords and residents.
CONSRISKS & DEFICIENCIES
- Limited Parking and Storage
The property features only a one-car garage, which may be insufficient for multi-vehicle households or those requiring significant additional storage.
- School District Ratings
The assigned middle and high schools have lower performance ratings, which could impact the property's appeal to families prioritizing educational quality.
About 2859 Mount Hope Drive
NO HOA and Beautiful, single story home with city and mountain views.This 3 bedrooms, 2 bathrooms and 1 car garage with storage is the perfect starter, investment or downsize. Spacious and open living room. Blinds and Tile flooring through out the house , No carpet!!!! Nice backyard with Covered patio in the backyard. No HOA! Built in tenant through May 2027. This could be your first Investment Home! Great location close to parks, freeway and schools. Schedule a showing today!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1996
- Lot Size
- 3,920 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Las Vegas Unified Schools
Liliam Lujan Hickey Elementary School
Grades PK-5 • 0.3 mi
5/10
Dr. William (Bob) H Bailey Middle School
Grades 6-8 • 0.4 mi
3/10
Sunrise Mountain High School
Grades 9-12 • 0.6 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,358 | 1,961.945 |
| Lot Size | 3,920 | 6,098 |
| Price | $368.0K | $486.0K |
| Price per sq ft | $271 | $259 |
| Built year | 1996 | 2002 |
| HOA | $0 | $83 |
| Days on market | 124 | 62 |
Pricing History
Listed for Sale
May 8, 2026
$368,000
Initial Listing
Sold
Oct 30, 1995
$101,500
Public Record