
Las Vegas, NV 89120
This First-Floor Value-Add Condo is listed at $175,000, representing a stable entry point into the Las Vegas market relative to its $161,388 Fair Market Value. Currently holding a Fair Condition Rating, the 1,020-square-foot asset features a functional split-bedroom layout, a private patio, and a brand-new refrigerator. While the interior requires new flooring and cosmetic updates to reach its full potential, the property offers strong rental demand due to its gated community setting near UNLV and the Las Vegas Strip. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance lifestyle with appreciation upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3144 Tarpon Drive 102 Subject | $175,000* List Price | 2 | 2 | 1,020 | $158 | - |
A 3062 TARPON Drive 201 Sold | $194,000 | 2 | 2 | 987 | $197 | 0.0 mi |
B 3083 Casey Drive 101 Sold | $195,000 | 2 | 2 | 987 | $198 | 0.0 mi |
C 3105 CASEY Drive 101 Sold | $128,800 List Price | 2 | 2 | 987 | 0.0 mi | |
D 3101 Casey Drive 204 Sold | $175,000 | 2 | 2 | 987 | $177 | 0.0 mi |
E 5150 MANDALAY SPRINGS Drive 204 Sold | $151,290 | 2 | 2 | 1,020 | $148 | 0.1 mi |
F 5150 Mandalay Springs Drive 204 Sold | $151,290 | 2 | 2 | 1,020 | $148 | 0.1 mi |
G 3152 Tarpon Drive 203 Active | $219,000 List Price | 3 | 2 | 1,190 | $184 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1994, this property is in mostly original condition and shows its age through dated features like oak cabinetry, laminate countertops, and fluorescent box lighting in the kitchen. While the home is functional and includes a new refrigerator, the carpet requires replacement as noted in the description, and the bathrooms retain basic builder-grade finishes from the 90s. It fits the 'fair' criteria as an aged but maintained home that requires minor cosmetic updates to meet modern standards.
The unit is located on the ground floor, providing easy access and eliminating the need for stairs, which is a significant advantage for move-in convenience and long-term accessibility.
Priced at $175,000, this 2-bedroom condo offers an affordable opportunity for first-time homebuyers or investors to enter the Las Vegas real estate market.
The 1,020-square-foot floor plan is well-designed for low-maintenance living and includes a brand-new refrigerator, adding immediate value to the kitchen space.
The property needs new carpeting, which represents an immediate post-purchase renovation cost for the buyer to bring the home to its full potential.
The $357 monthly HOA fee is relatively high in proportion to the purchase price, which may affect the overall affordability and cash flow for potential investors.
Welcome to this well-laid-out first-floor condo offering 2 bedrooms and 2 bathrooms. The home features a mix of tile and carpet flooring, plus a brand-new refrigerator in the kitchen. A great opportunity for a buyer to add their own touch with new carpet and make it their own. Ideal for low-maintenance living in a convenient location close to shopping and dining.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,020 | 987 | 68% |
| Lot Size | 4,996 | 1,849 | 95% |
| Price | $175.0K | $151.3K | 53% |
| Price per sq ft | $172 | $191 | 33% |
| Built year | 1994 | 1995 | 33% |
| HOA | $357 | $186 | 95% |
| Days on market | 22 | 973 | 2% |
Mar 31, 2026
$175,000
Initial Listing