3091 Chimayo Lane, Las Vegas, NV 89122, Las Vegas, 89122 - 2 bed, 2 bath
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Las Vegas, NV 89122
This Converted Real Property Residence is a Prime Investment Opportunity, listed at $200,000—positioned well below the $204,112 Fair Market Value by 2%. This valuation gap provides $4,112 in Instant Equity for the incoming buyer. While maintaining a Fair Condition Rating, the spacious 1,704 sqft layout offers significant Value-Add potential through cosmetic modernization. Located in a 55+ community with premium amenities and a landscaped patio, the asset benefits from FHA/VA financing flexibility. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a retirement retreat with upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3091 Chimayo Lane Subject | $200,000* List Price | 2 | 2 | 1,704 | $120 | - |
A 3366 AMERICAN MUSTANG Court Sold | $229,900 List Price | 2 | 2 | 1,570 | 0.6 mi | |
B 3406 RIVER LEGEND Street Sold | $245,000 List Price | 3 | 2 | 1,718 | 1.0 mi | |
C 3434 BLUE ASH Lane Sold | $189,900 List Price | 3 | 2 | 1,436 | 0.5 mi | |
D 3415 Jewel Cave Drive Sold | $180,000 | 3 | 2 | 1,417 | $127 | 0.5 mi |
E 3567 HALTER Drive Sold | $248,950 List Price | 3 | 2 | 1,718 | 0.9 mi | |
F 3480 OSPREY RIDGE Court Sold | $149,900 List Price | 2 | 2 | 1,223 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1986, this property is aged but appears functional. The kitchen features painted cabinets and a mix of older appliances, while the bathrooms remain basic and dated. Significant wear is visible on the flooring in some living areas, and the presence of popcorn ceilings and older fluorescent lighting fixtures indicates a lack of recent major renovations. The listing description itself notes the need for 'vision and updating,' placing it firmly in the fair category.
The manufactured home has been converted to real property, which significantly increases financing options (FHA/VA/Conventional) and provides better long-term value compared to homes on leased land.
Located in a desirable age-restricted community, residents benefit from extensive amenities including two pools, roaming security, a clubhouse, and an active social calendar, enhancing the lifestyle appeal.
With 1,704 square feet of living space, the home features a generous floor plan including a large pantry, a built-in hutch, and a versatile bonus room suitable for a home office or wet bar.
The property is noted as needing 'vision and updating,' suggesting that the 1986 interior finishes may be dated and require additional capital investment for renovations.
As an age-restricted community, the potential resale market is limited to buyers aged 55 and over, which can result in a narrower pool of interested parties compared to standard residential neighborhoods.
Welcome to 3091 Chimayo Lane—featuring a 2-bedroom, 2-bath manufactured home converted to real property, offering added financing flexibility and long-term value. The home offers a functional layout with a spacious dining area and built-in hutch, a large pantry for extra storage, and a versatile room off the living area—ideal for a home office or wet bar. Enjoy a well-maintained landscaped yard perfect for relaxing or entertaining. Located in a desirable age-restricted community with amenities including two pools, water aerobics, clubhouse, roaming security, and an active social calendar. With a little vision and updating, this home has great potential as a full-time residence, seasonal getaway, or retirement retreat.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades PK-5 • 1.4 mi
Grades 6-8 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 13% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,704 | 1,529 | 67% |
| Lot Size | 4,792 | 4,792 | 50% |
| Price | $200.0K | $349.0K | 30% |
| Price per sq ft | $117 | $217 | 30% |
| Built year | 1986 | 2005 | 24% |
| HOA | $108 | $56 | 76% |
| Days on market | 21 | 1001 | 0% |
Apr 1, 2026
$200,000
Initial Listing