3648 Margarita Way, Las Vegas, NV 89103, Las Vegas, 89103 - 4 bed, 3 bath
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Las Vegas, NV 89103
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $438,000—positioned well below the $445,366 Fair Market Value by 1.6%. This valuation gap offers $7,366 in Instant Equity. Featuring a Large Private Pool, 3-Car Garage, and recent mechanical upgrades, the home maintains a Condition Rating of 4. While the interior offers room for cosmetic modernization, the property provides immediate utility and long-term potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a functional, well-located asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3648 Margarita Way Subject | $438,000* List Price | 4 | 3 | 1,954 | $228 | - |
A 6816 Segura Drive Sold | $505,000 | 4 | 2 | 1,745 | $289 | 0.2 mi |
B 6799 Carrera Drive Sold | $415,000 List Price | 4 | 2 | 1,846 | 0.1 mi | |
C 3620 Willow Springs Drive Sold | $420,000 | 4 | 3 | 1,988 | $211 | 0.5 mi |
D 6761 Bonillo Drive Active | $489,000 List Price | 4 | 3 | 2,205 | $222 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the home is 50 years old, it avoids a lower rating due to critical system updates including a newer HVAC system (<5 years) and a new water heater. The interior features new laminate flooring, but remains dated with popcorn ceilings and visible needs for minor finishing like baseboards and likely kitchen/bath modernizations.
The property features a large, well-maintained pool with a brand-new filter system and a private backyard, providing a premium outdoor space for the Las Vegas climate.
Significant capital improvements, including a central A/C system under five years old and a water heater replaced last year, offer the buyer reduced immediate maintenance concerns.
The absence of association fees combined with a rare 3-car garage provides both financial freedom and exceptional space for vehicles or storage that is difficult to find at this price point.
Built in 1974, the home may require additional modernization or updates to original infrastructure and systems not covered by the recent mechanical upgrades.
With a 3-car garage and a large pool occupying much of the 6,098 sqft lot, there is limited remaining yard space for traditional landscaping or alternative outdoor uses.
Great Central Valley Location. This spacious 4-bedroom, 3-bathroom home offers an extra-large private lot.The property features a 3-car garage. Recent upgrades include a central A/C system under 5 years old, a new water heater installed last year, and laminate flooring .LARGE POOL is in excellent condition and has a brand-new filter system. Large Private backyard awaits you just in time for summer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 56% |
| Baths | 3.0 | 2.0 | 78% |
| Square foot | 1,954 | 1,650 | 78% |
| Lot Size | 6,098 | 6,970 | 23% |
| Price | $438.0K | $400.0K | 60% |
| Price per sq ft | $224 | $256 | 43% |
| Built year | 1974 | 1977 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 720 | 1% |
May 22, 2026
$438,000
Initial Listing
May 2, 1997
$136,000
Public Record