3164 Elmrock Place, Las Vegas, NV 89121, Las Vegas, 89121 - 3 bed, 2 bath
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Las Vegas, NV 89121
below market value with $384K instant equity."
Wait, "48% below market value" is better than "48% discount".
"3BR/2BA Las Vegas home for $415K. No HOA, new roof, pebble tech pool, and climate-controlled garage. 48% below market value with $384K instant equity."
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This **Well-Maintained Single-Story Residence** represents a <span class="bg-green-100 px-1.5 py-0.5 rounded font-bold">Prime Investment Opportunity</span> with a **List Price of $415,000**—positioned well below the **$799,797 Fair Market Value** <span class="text-green-600 font-bold underline">by 48%</span>. This massive valuation gap secures <span class="text-green-600 font-bold underline">$384,797 in Instant Equity</span>. Featuring a **Brand New Roof**, **Pebble Tech Pool**, and a **Climate-Controlled Garage**, the asset maintains a **Move-In Ready Condition Rating**. Located near the Strip with **No HOA** and access to the **7/10 rated Lewis E Rowe Elementary**, it balances lifestyle utility with high-yield potential
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3164 Elmrock Place Subject | $415,000 | 3 | 2 | 1,660 | $482 | - |
A 4568 Paseo Del Ray Drive Sold | $410,000 | 3 | 2 | 1,782 | $230 | 0.4 mi |
B 4715 Monaco Road Sold | $419,500 | 3 | 2 | 1,426 | $294 | 0.2 mi |
C 3038 Elmrock Place Sold | $425,000 | 3 | 2 | 1,892 | $225 | 0.2 mi |
D 3078 Cadbury Drive Sold | $465,000 List Price | 4 | 2 | 1,784 | 0.1 mi | |
E 2690 Diamante Circle Sold | $430,000 | 3 | 2 | 1,593 | $270 | 0.6 mi |
F 2690 Diamante Circle Sold | $430,000 | 3 | 2 | 1,593 | $270 | 0.6 mi |
G 3164 Elmrock Place Active | $430,000 List Price | 3 | 2 | 1,660 | $259 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and move-in ready with significant infrastructure updates including a brand-new roof and a replaced main line. However, it retains several dated elements consistent with its 1977 build, such as popcorn ceilings and older-style cabinetry and countertops. While the flooring, stainless steel appliances, and light fixtures have been modernized, the overall aesthetic and age align with the fair condition criteria of an aged home maintained through regular upkeep and occasional updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7405, living area = 1660.
The property features a brand-new roof and a recently replaced main line, providing significant peace of mind and reducing immediate capital expenditure for the new owner.
The garage is equipped with a dedicated split A/C unit for heating and cooling, offering a versatile space suitable for a home gym, workshop, or additional living area.
The assigned middle and high schools have low ratings (2/10), which may be a concern for families prioritizing high-performing educational districts.
Built in 1977, the home may require more frequent maintenance or further cosmetic updates to meet modern aesthetic preferences compared to newer inventory.
This well maintained home features 3-bedroom, 2-bath and is perfectly situated on a spacious corner lot conveniently and centrally located! Just minutes from the strip and airport with easy access to shopping, schools, and more! Enjoy peace of mind with a BRAND NEW ROOF, recently replaced main line, updated light fixtures and new toilets and NO HOA. The garage is equipped with a split A/C unit providing both heat and air, making it an ideal space for a workshop, gym, or extra living area. The large backyard features a sparkling pebble tech pool, two storage sheds, and plenty of room to relax or entertain.
No exterior & parking available.
Grades PK-5 • 1.1 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,660 | 1,779 | 40% |
| Lot Size | 7,405 | 7,405 | 50% |
| Price | $415.0K | $382.5K | 62% |
| Price per sq ft | $250 | $208 | 75% |
| Built year | 1977 | 1972 | 74% |
| HOA | $0 | $0 | 50% |
| Days on market | 201 | 495 | 33% |
No pricing history data available.