3823 South Maryland Parkway K7, Las Vegas, NV 89119, Las Vegas, 89119 - 2 bed, 2 bath
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3823 South Maryland Parkway K7
Las Vegas, NV 89119
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
892Sq Ft
6,079Lot Size
Property Price
LIST PRICE$159,000
EST. MARKET VALUE
$177,754
10% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $159,000—positioned well below the $177,754 Fair Market Value by 10%. This valuation gap provides $18,754 in Instant Equity. Featuring a Mint Condition Rating, the residence includes a modern kitchen with custom backsplash and refreshed flooring. With a low $179 association fee, this property offers excellent affordability for Buy-and-Hold Investors or first-time buyers seeking a move-in ready asset in a central Las Vegas location.
Estimated Market Value
$177,754+$18,754 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 |
|---|---|---|---|---|---|---|
★ 3823 South Maryland Parkway K7 Subject | $159,000* List Price | 2 | 2 | 892 | $199 | - |
A 3823 South Maryland Parkway P4 Sold | $185,000 | 2 | 2 | 892 | $207 | 0.0 mi |
B 3823 South Maryland Parkway P1 Active | $169,900 List Price | 2 | 2 | 892 | $190 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While built in 1984, the property has undergone a recent high-quality renovation (likely <5 years) as evidenced by the modern kitchen with stainless steel appliances, updated cabinetry, granite countertops, and new wood-look flooring throughout. The description confirms upgraded vanities and a move-in ready status, meeting the criteria for a recent renovation in mint condition.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Interior Updates
The residence features refreshed flooring, a stylish kitchen with a custom backsplash, and an upgraded primary vanity, offering a move-in-ready experience with contemporary aesthetics.
- Exceptional Affordability
Priced at $159,000, this 2-bedroom condo provides a highly accessible entry point into the Las Vegas real estate market for first-time buyers or budget-conscious investors.
- Low Monthly Carrying Costs
The association fee is just $179 per month, which is significantly lower than many comparable Las Vegas developments, enhancing the property's overall affordability and investment yield.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6079, other record lot size in square feet = 972.
- Underperforming School District
The property is zoned for schools with low ratings ranging from 2 to 3, which could impact long-term resale value and appeal to families with school-aged children.
- Limited Square Footage
At 892 square feet for a two-bedroom layout, the interior space is relatively compact, which may limit functional flexibility for those requiring more spacious living areas.
About 3823 South Maryland Parkway K7
Sophisticated design meets functional comfort in this thoughtfully updated residence featuring a harmonious, natural color palette throughout. The main living spaces offer exceptional versatility for modern living, highlighted by refreshed flooring and a stylish kitchen complete with a customized backsplash. The primary suite features an upgraded vanity with maximized under-sink storage, complemented by spacious secondary rooms adaptable to any lifestyle. Move-in ready and full of potential, this exceptional home is staged virtually to showcase its full design possibilities.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1984
- Lot Size
- 6,079 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $179 / Month
Neighborhood Insights
Las Vegas Unified Schools
Ruby S Thomas Elementary School
Grades PK-5 • 0.7 mi
2/10
William E Orr Middle School
Grades 6-8 • 0.6 mi
3/10
Valley High School
Grades 9-12 • 1.7 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 892 | 1,059.468 |
| Lot Size | 6,079 | 6,055.359 |
| Price | $159.0K | $225.8K |
| Price per sq ft | $178 | $213 |
| Built year | 1984 | 1996 |
| HOA | $179 | $254 |
| Days on market | 12 | 71 |
Pricing History
Listed for Sale
Aug 28, 2026
$159,000
Initial Listing
Sold
Jun 18, 2009
$43,000
Public Record