
Las Vegas, NV 89103
This Strong Value Opportunity is a 2-bedroom condominium listed at a List Price of $159,500, positioned well below the $170,356 Fair Market Value by 6%. This valuation gap provides $10,856 in Instant Equity for the buyer. With a Condition Rating of 4, the unit is move-in ready but offers potential for cosmetic updates to maximize long-term appreciation. Located minutes from the Las Vegas Strip and near rated schools, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a strategic, budget-conscious entry into the market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3567 Arville Street 707C Subject | $159,500* List Price | 2 | 2 | 968 | $176 | - |
A 3579 Arville Street 503B Active | $138,000 List Price | 2 | 2 | 968 | $143 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1985 (39 years old), placing it in the older age bracket. While the description claims it is 'move-in ready' and photos show updated laminate flooring, the presence of popcorn ceilings and the overall age of the structure suggest the unit is dated. It likely requires minor repairs or cosmetic updates to the kitchen and baths to meet modern standards, but it lacks the structural defects associated with a 'poor' rating.
Situated just minutes from the Las Vegas Strip, the property offers unparalleled access to world-class entertainment, dining, and major transportation arteries.
Priced under $160,000 for a 2-bedroom, 2-bathroom configuration, this unit presents a highly competitive entry point for investors or first-time homeowners in the Las Vegas market.
The unit is marketed as move-in ready and well-maintained, providing a hassle-free transition for buyers looking to avoid immediate renovation expenses.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9245, other record lot size in square feet = 1640.
The $375 monthly association fee is significant relative to the purchase price, which could impact overall affordability and net investment yield.
Constructed in 1985, the building may require more frequent maintenance or updates to common elements compared to more modern condominium complexes.
Welcome to this move in ready 2 bedroom, 2 bath condo in a convenient Las Vegas location just minutes from the Strip. This well-maintained unit offers a comfortable layout with spacious bedrooms and living space. Enjoy easy access to entertainment, dining, and major freeways. This unit is a great opportunity for a primary residence, second home, or investment property.
No exterior & parking available.
Grades PK-5 • 2.1 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 968 | 1,059.468 |
| Lot Size | 9,245 | 6,055.359 |
| Price | $159.5K | $225.8K |
| Price per sq ft | $165 | $213 |
| Built year | 1985 | 1996 |
| HOA | $375 | $254 |
| Days on market | 28 | 71 |
Aug 12, 2026
$159,500
Initial Listing