3930 University Center Drive 1003, Las Vegas, NV 89119, Las Vegas, 89119 - 2 bed, 2 bath
3930 University Center Drive 1003
Las Vegas, NV 89119
Property Price
SUMMARY
Analysis of 3930 University Center Drive 1003, Las Vegas, NV 89119 is currently available with a list price of $240,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
The property is move-in ready and has undergone significant interior renovations that contrast with its 1975 build date. The kitchen is updated with modern cabinetry, stone countertops, and stainless steel appliances. The bathrooms feature contemporary vanities and updated tile work in the showers. Throughout the unit, the flooring has been replaced with modern laminate and fresh carpeting, and the lighting fixtures have been modernized. While the building itself is older, the unit's interior systems and finishes are well-maintained and reflect a high level of recent updates.
PROSSTRENGTHS & OPPORTUNITIES
- Penthouse Views
As a top-floor residence, this unit features a full-length balcony offering panoramic views of the Las Vegas Strip and city skyline, providing a premium outdoor retreat.
- Unique Architectural Character
The property blends old-world elegance with modern luxury, featuring vintage windows and an open-plan layout that offers a distinct, sophisticated alternative to standard modern condominiums.
- Competitive Value
Priced at $240,000, this 1,256 sq. ft. penthouse provides a high-profile living experience in a central location at a highly accessible price point for the Las Vegas market.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $644 is relatively high compared to the listing price, which significantly increases the monthly carrying costs for potential owners.
- Building Age
Constructed in 1975, the building is described as antiquated, which may imply older infrastructure and common areas that could require more frequent maintenance or future assessments.
About 3930 University Center Drive 1003
In the vibrant heart of Las Vegas, nestled within a charmingly antiquated building that whispers of a bygone era, lies a stunning penthouse. This top-floor residence exudes a blend of old-world elegance and modern luxury, offering a unique sanctuary amidst the bustling cityscape. The spacious open-plan living area seamlessly integrates character and warmth, while large, vintage windows frame captivating views of the glittering Strip below. Despite its historic charm, the penthouse is surrounded by modern conveniences. A balcony the length of this home provides an intimate outdoor retreat, perfect for savoring the panoramic skyline at sunset or hosting elegant soirées under the desert stars. This penthouse is more than just a residence; it's a statement of timeless style and sophistication, right in the throbbing heart of Las Vegas.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1975
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $644 / Month
Neighborhood Insights
Las Vegas Unified Schools
Ruby S Thomas Elementary School
Grades PK-5 • 0.9 mi
William E Orr Middle School
Grades 6-8 • 0.8 mi
Valley High School
Grades 9-12 • 1.9 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 | 1,256 | 970 | 97% |
| Lot Size | - | 724 | 43% |
| Price | $240.0K | $125.0K | 99% |
| Price per sq ft | $191 | $167 | 66% |
| Built year | 1975 | 1980 | 33% |
| HOA | $644 | $215 | 98% |
| Days on market | 449 | 439 | 52% |
Pricing History
Listed for Sale
Dec 13, 2024
$240,000
Initial Listing