313 Falcon Lane, Las Vegas, NV 89107, Las Vegas, 89107 - 3 bed, 2 bath
Loading property details...
313 Falcon Lane
Las Vegas, NV 89107
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,724Sq Ft
5,663Lot Size
Property Price
LIST PRICE$402,000
EST. MARKET VALUE
$398,297
SUMMARY
This Single Family Residence represents a High-Potential Investment Opportunity, listed at a List Price of $409,900—positioned slightly above the $404,157 Fair Market Value. While the home requires modernization, its Condition Rating of 4 reflects functional updates like a Granite Kitchen. The property’s elevated position provides Stunning Strip Views and a Private Pool, offering significant lifestyle appeal. With Zero HOA Fees, this asset is well-suited for Value-Add Investors or Owner-Occupants looking to build equity through strategic cosmetic renovations.
Estimated Market Value
$398,297
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 |
|---|---|---|---|---|---|---|
★ 313 Falcon Lane Subject | $402,000* List Price | 3 | 2 | 1,724 | $231 | - |
A 5513 Alta Drive Sold | $355,000 | 4 | 2 | 1,727 | $206 | 0.3 mi |
B 345 South Mallard Street Sold | $291,500 | 4 | 2 | 1,607 | $181 | 0.5 mi |
C 6325 Lawton Avenue Sold | $360,000 | 3 | 2 | 1,663 | $216 | 1.0 mi |
D 6144 Cromwell Avenue Sold | $350,000 | 3 | 2 | 1,571 | $223 | 0.6 mi |
E 325 Wild Plum Lane Sold | $335,000 | 2 | 3 | 2,021 | $166 | 0.1 mi |
F 125 South Yale Street Sold | $373,000 | 3 | 2 | 1,458 | $256 | 0.5 mi |
G 5213 Sugarfoot Avenue Sold | $355,000 | 4 | 2 | 1,638 | $217 | 0.6 mi |
H 6108 Preston Circle Sold | $389,000 | 5 | 4 | 1,622 | $240 | 0.6 mi |
I 5348 Desert Blossom Road Active | $449,900 List Price | 3 | 3 | 1,635 | $275 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
While the kitchen has been updated with white shaker cabinets, granite countertops, and stainless steel appliances (likely within the last 5-10 years), the 1962 home still features dated popcorn ceilings and original architectural elements. The listing description explicitly notes the 'opportunity to update' and add value, suggesting that while functional, the home requires further modernization and potential system attention to reach a higher classification.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional City Views
The property's elevated rear position provides unobstructed, stunning views of the Las Vegas Strip and city lights, a rare and highly desirable feature at this price point.
- Private Outdoor Oasis
Featuring a private pool and a layout designed for outdoor living, the backyard offers a secluded space for relaxation and entertainment without direct rear neighbors.
- No HOA Restrictions
With zero association fees, homeowners enjoy increased monthly affordability and the freedom to personalize the property without the constraints of a homeowners association.
CONSRISKS & DEFICIENCIES
- Modernization Required
Built in 1962, the home is marketed as an opportunity to update and personalize, suggesting that the interior may require a capital investment to bring it up to modern aesthetic standards.
- Compact Lot Size
The 5,663-square-foot lot is relatively small for a property with a pool, which may limit additional yard space for gardening or play areas.
About 313 Falcon Lane
Welcome to 313 Falcon Lane, a Las Vegas home designed for outdoor enjoyment, privacy, and city views. The backyard features a private pool and an elevated rear position that helps create a more open, private atmosphere. Since the home sits above the properties behind it, the rear neighbors are positioned lower, reducing direct rear obstruction and allowing the home to capture beautiful Strip and city-light views. This is the kind of backyard that makes Las Vegas living feel special — poolside afternoons, evening get-togethers, and quiet nights taking in the glow of the Strip. Inside, the home offers a practical layout, comfortable living spaces, and plenty of opportunity to update, personalize, and add value. With its combination of views, privacy, elevation, and outdoor lifestyle, this property offers something buyers do not find every day.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 5,663 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
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 | 1,724 | 1,961.945 |
| Lot Size | 5,663 | 6,098 |
| Price | $402.0K | $486.0K |
| Price per sq ft | $233 | $259 |
| Built year | 1962 | 2002 |
| HOA | $0 | $83 |
| Days on market | 124 | 62 |
Pricing History
Listed for Sale
Aug 20, 2026
$402,000
$409,900
-2% Price Drop
Initial Listing
Price Change
May 8, 2026
$409,900
Initial Listing
Sold
Oct 29, 2020
$290,000
Public Record