3608 Melonies Drive 97, Las Vegas, NV 89103, Las Vegas, 89103 - 2 bed, 2 bath
3608 Melonies Drive 97
Las Vegas, NV 89103
Property Price
SUMMARY
Analysis of 3608 Melonies Drive 97, Las Vegas, NV 89103 is currently available with a list price of $199,900. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although the property was built in 1985, it has been completely and extensively remodeled recently. The interior features modern upgrades including granite countertops, decorative tile backsplash, high-quality laminate flooring, and fully remodeled bathrooms. The unit is in turnkey condition with contemporary finishes and no visible deferred maintenance, meeting the criteria for a recently renovated property.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Central Location
The property is exceptionally located minutes from the Las Vegas Strip, Raiders Stadium, and within walking distance to Chinatown, ensuring high demand and long-term value.
- Turnkey Remodeled Interior
Completely updated with granite countertops, laminate flooring, and remodeled bathrooms, this unit offers a modern aesthetic without the need for immediate capital improvements.
- Dual Master Suite Layout
The floor plan features two master suites, which is highly desirable for rental efficiency and provides maximum privacy for roommates or guests.
CONSRISKS & DEFICIENCIES
- Square Footage Discrepancy
A significant conflict between tax records (585 sqft) and the actual unit size (828 sqft) could complicate the appraisal process and mortgage financing.
- Tenant Occupancy
With a tenant already in place, the property is restricted to investors, excluding traditional buyers who intend to occupy the home immediately.
About 3608 Melonies Drive 97
*$20K PRICE REDUCTION * GREAT INVESTMENT OPPORTUNITY * TAX RECORDS ARE INCORRECT * THIS IS 828 SF UNIT WITH 2 BEDROOMS & 2 BATHS * RELIABLE TENANT IN PLACE * COMPLETELY REMODELED UNIT * BEAUTIFUL LAMINATE FLOORING * GRANITE COUNTERTOPS * TILE BACKSPLASH * REMODELED BATHROOMS * TWO MASTER SUITES * LARGE BALCONY/PATIO * GATED COMMUNITY * COMMUNITY POOL & SPA * CENTRAL LOCATION, LOCATION, LOCATION * MINUTES FROM THE STRIP, SHOPPING MALLS, I-15, AND RAIDERS STADIUM * PLUS WALKING DISTANCE TO CHINA TOWN * A GREAT ADDITION TO ANY PORTFOLIO * ALL INFO DEEMED RELIABLE * BUYER/AGENT TO VERIFY ALL INFO.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1985
- Lot Size
- 2,162 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $227 / Month
Neighborhood Insights
Las Vegas Unified Schools
Rex Bell Elementary School
Grades PK-5 • 1.3 mi
Grant Sawyer Middle School
Grades 6-8 • 3.5 mi
Ed W Clark High School
Grades 9-12 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 585 | 884 | 5% |
| Lot Size | 2,162 | 700 | 61% |
| Price | $199.9K | $157.0K | 73% |
| Price per sq ft | $342 | $197 | 98% |
| Built year | 1985 | 1984 | 50% |
| HOA | $227 | $195 | 68% |
| Days on market | 472 | 655 | 47% |
Pricing History
Listed for Sale
Nov 20, 2024
$199,900
Initial Listing