3425 E Russell Road 220, Las Vegas, NV 89120, Las Vegas, 89120 - 2 bed, 2 bath
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Las Vegas, NV 89120
This Move-In Ready 55+ Condominium represents a High-Potential Investment Opportunity with a List Price of $189,000—positioned well below the $195,317 Fair Market Value by 3%. This valuation gap offers $6,317 in Instant Equity. Currently holding a Fair Condition Rating, the home is well-maintained with a functional kitchen and private balcony. Residents benefit from a gated community featuring a resort-style pool, spa, and clubhouse near the airport. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking unbeatable value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3425 E Russell Road 220 Subject | $189,000* List Price | 2 | 2 | 1,015 | $192 | - |
A 3425 E Russell Road 170 Sold | $200,000 | 2 | 2 | 1,005 | $199 | 0.0 mi |
B 3425 RUSSELL Road 139 Sold | $203,000 | 2 | 2 | 1,005 | $202 | 0.0 mi |
C 5150 MANDALAY SPRINGS Drive 204 Sold | $151,290 | 2 | 2 | 1,020 | $148 | 0.9 mi |
D 3425 E Russell Road 139 Sold | $203,000 | 2 | 2 | 1,005 | $202 | 0.1 mi |
E 5150 Mandalay Springs Drive 204 Sold | $151,290 | 2 | 2 | 1,020 | $148 | 0.9 mi |
F 3062 TARPON Drive 201 Sold | $194,000 | 2 | 2 | 987 | $197 | 0.8 mi |
G 3425 E Russell Road 249 Active | $179,900 List Price | 2 | 2 | 1,005 | $179 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997, the property is well-maintained and move-in ready but shows its age with original features. The kitchen and bathrooms feature dated oak-style cabinetry, laminate countertops, and basic builder-grade light fixtures. While functional, the home has not undergone significant modern renovations in the last 20 years, placing it firmly in the fair category.
Positioned as the best-priced unit in the Silver Canyon subdivision at $189,000, this property offers significant value for a 2-bedroom, 2-bathroom configuration in the Las Vegas market.
The gated 55+ community provides a resort-style lifestyle with a pool, spa, and clubhouse, complemented by a low HOA fee that includes essential utilities like water and trash.
This move-in ready condo includes all appliances and features a functional layout with a primary bedroom on the main level, making it ideal for immediate occupancy or as a rental investment.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4934, other record lot size in square feet = 2525.
The 55+ community designation limits the potential buyer pool to a specific age group, which can result in a longer resale timeline compared to non-restricted residential properties.
The local high school and middle school carry low ratings (2/10 and 4/10 respectively), which may negatively impact the long-term appreciation and general desirability of the surrounding area.
Best-priced unit in Silver Canyon! This move-in ready, 2-bed/2-bath condo in a gated 55+ community offers over 1,000 sq. ft. of comfortable living space. Features include a primary bedroom on the main level, a functional kitchen with all appliances included, and a private balcony. Enjoy resort-style amenities including a pool, spa, and clubhouse, all with a low monthly HOA that covers trash and water. Perfectly located near shopping, dining, and the airport. Unbeatable value for a primary residence or investment!
No exterior & parking available.
Grades PK-5 • 0.6 mi
Grades 6-8 • 0.9 mi
Grades 9-12 • 0.6 mi
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 | 1,015 | 987 | 67% |
| Lot Size | 4,934 | 1,849 | 89% |
| Price | $189.0K | $151.3K | 61% |
| Price per sq ft | $186 | $191 | 44% |
| Built year | 1997 | 1995 | 82% |
| HOA | $290 | $186 | 65% |
| Days on market | 30 | 973 | 2% |
Mar 23, 2026
$189,000
Initial Listing