3363 Vema Drive, Las Vegas, NV 89121, Las Vegas, 89121 - 3 bed, 3 bath
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3363 Vema Drive
Las Vegas, NV 89121
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,781Sq Ft
7,989Lot Size
Property Price
LIST PRICE$285,000
EST. MARKET VALUE
$298,568
4% BelowMARKET VALUE
SUMMARY
This townhome presents a High-Potential Investment Opportunity with a List Price of $285,000—positioned well below the $298,568 Fair Market Value by 4%. This valuation gap offers $13,568 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the property is functional yet offers significant upside through cosmetic modernization. With a rare 7,989 sqft lot and a community pool, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking value in an established Las Vegas neighborhood.
Estimated Market Value
$298,568+$13,568 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 3363 Vema Drive Subject | $285,000* List Price | 3 | 3 | 1,781 | $168 | - |
A 3309 China Drive Sold | $295,000 | 3 | 3 | 1,656 | $178 | 0.4 mi |
B 3249 Liahona Way Sold | $275,000 | 3 | 3 | 1,656 | $166 | 0.4 mi |
C 2587 Laconia Avenue Sold | $305,000 | 3 | 2 | 1,719 | $177 | 0.8 mi |
D 3546 Wild Cherry Court Sold | $310,000 | 2 | 2 | 1,812 | $171 | 0.3 mi |
E 3483 Victory Avenue Sold | $345,000 | 3 | 3 | 2,025 | $170 | 0.7 mi |
F 4563 Kenmare Way Active | $210,000 List Price | 3 | 3 | 1,656 | $127 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1984, this 40-year-old townhome is well-maintained but significantly dated. The kitchen retains older tile countertops and a fluorescent light box, and the interior features original dark wood trim and 80s-era architectural details. While functional and move-in ready, it requires cosmetic updates to systems and finishes to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Investment Potential
Situated near UNLV and major freeways in an established neighborhood, this property offers significant appeal for both long-term rental investors and university-affiliated residents.
- Exceptional Lot Size
The property features an unusually large 7,989 square foot lot for a townhouse, providing a rare backyard oasis with ample space for gardening, entertaining, and outdoor living.
- Spacious & Functional Layout
With 1,781 square feet of living space, three full bathrooms, and a two-car garage, the floor plan provides the scale and utility typically found in detached single-family homes.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7989, other record lot size in square feet = 4422.
- Dated Architectural Vintage
Built in 1984, the home may require capital improvements or cosmetic modernizations to compete with newer developments and meet current energy efficiency standards.
- Monthly Carrying Costs
The $350 monthly association fee represents a significant recurring expense that buyers must factor into their debt-to-income ratio and overall monthly budget.
About 3363 Vema Drive
Looking for your next home on the eastside.......Near UNLV.......or maybe another investment property? Welcome to this beautifully maintained 3 bedroom, 3 bath, two-story , 2 car garage townhome in the established east Las Vegas neighborhood of Paradise Hills. Situated in a smaller community, this inviting residence offers a functional floor plan with spacious living areas, abundant natural light, and comfortable everyday living. The kitchen provides ample cabinet and counter space and flows seamlessly into the dining and living areas, making it perfect for entertaining or relaxing at home. The living room offers a large gas fireplace. The primary suite offers a private retreat with an en-suite bath, while the additional bedrooms provide flexibility for family, guests, or a home office. Step outside to a large patio with endless possibilities for outdoor living, gardening, or creating your own backyard oasis. Conveniently located near shopping, dining, schools, parks, and easy freeway access, this townhome combines comfort, convenience, and value. Don't miss this incredible opportunity to own a well-cared-for townhome with a community pool in the heart of Las Vegas!
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1984
- Lot Size
- 7,989 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $350 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,781 | 1,414.01 |
| Lot Size | 7,989 | 2,178 |
| Price | $285.0K | $333.8K |
| Price per sq ft | $160 | $236 |
| Built year | 1984 | 1997 |
| HOA | $350 | $202 |
| Days on market | 37 | 70 |
Pricing History
Listed for Sale
Aug 3, 2026
$285,000
Initial Listing