3227 Cheltenham Street, Las Vegas, NV 89129, Las Vegas, 89129 - 3 bed, 3 bath
Loading property details...
3227 Cheltenham Street
Las Vegas, NV 89129
ACTIVE
CONDITION: POOR
3Beds
3Baths
1,347Sq Ft
1,742Lot Size
Property Price
LIST PRICE$299,500
EST. MARKET VALUE
$286,844
4% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $299,500—positioned well below the $286,845 Fair Market Value by -4%. Featuring a Condition Rating of 5, this asset requires a full rehab, including flooring and bathroom completion. The gated community offers a pool and spa, while the 2-car garage and private courtyard provide functional value. Located near top-rated schools like William Lummis Elementary, this is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking a value-add project.
Estimated Market Value
$286,844
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 |
|---|---|---|---|---|---|---|
★ 3227 Cheltenham Street Subject | $299,500* List Price | 3 | 3 | 1,347 | $213 | - |
A 3324 Epson Street Sold | $327,500 | 3 | 3 | 1,621 | $202 | 0.1 mi |
B 8715 HARWICH Avenue Sold | $374,900 | 4 | 3 | 1,621 | $231 | 0.1 mi |
C 3225 Epson Street Active | $350,000 List Price | 3 | 3 | 1,400 | $250 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1996 (28 years old), the property is currently in a state of mid-renovation and is not move-in ready. All carpeting has been removed leaving exposed subflooring, and the primary bathroom renovation is unfinished. The kitchen features original dated cabinetry and appliances, and the overall condition requires a full rehab as noted in the listing description.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Potential
Priced competitively at $299,500, this property offers significant equity growth potential for investors or DIY buyers looking to customize a home and capitalize on the 'investor's dream' pricing.
- Gated Community Amenities
The property is situated in a secure gated community that provides high-value amenities including a pool and spa, enhancing both lifestyle appeal and future resale value.
- Functional Exterior Features
Unlike many properties at this price point, this home includes a full 2-car garage and a private courtyard/side yard, offering essential storage and private outdoor space.
CONSRISKS & DEFICIENCIES
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1742, living area = 1347.
- Unfinished Renovation Status
The home is currently in a mid-renovation state with missing flooring and an incomplete primary bathroom, requiring immediate capital expenditure and construction management.
- Compact Lot Size
With a lot size of only 1,742 square feet, the property offers very limited outdoor area, which may deter buyers looking for a traditional backyard or significant gardening space.
About 3227 Cheltenham Street
Investor's dream! Waiting for your design and vision. Carpet has been removed, reno started on upstairs bath in primary bedroom. Convenient location in a gated community with many amenities including pool and spa!! 2 Car garage! Private courtyard/side yard! Price reflects condition.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1996
- Lot Size
- 1,742 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $240 / Month
Neighborhood Insights
Las Vegas Unified Schools
Edith Garehime Elementary School
Grades PK-5 • 0.8 mi
6/10
William Lummis Elementary School
Grades PK-5 • 1.4 mi
7/10
Ernest Becker Middle School
Grades 6-8 • 1.3 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,347 | 1,961.945 |
| Lot Size | 1,742 | 6,098 |
| Price | $299.5K | $486.0K |
| Price per sq ft | $222 | $259 |
| Built year | 1996 | 2002 |
| HOA | $240 | $83 |
| Days on market | 37 | 62 |
Pricing History
Listed for Sale
Aug 3, 2026
$299,500
Initial Listing
Sold
Aug 24, 1995
$105,500
Public Record