403 Leighann Road, Henderson, NV 89015, Henderson, 89015 - 3 bed, 2 bath
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Henderson, NV 89015
This Single-Family Residence is a High-Potential Investment Opportunity with a List Price of $370,000—positioned well below the $433,438 Fair Market Value by 14%. This valuation gap offers $63,438 in Instant Equity for buyers. While marketed for TLC, the home features a Refreshed Interior with new luxury vinyl plank flooring, modern shaker cabinetry, and a Private Patio. With No HOA Fees and proximity to Ulis Newton Elementary, this property balances strong ROI potential with move-in ready appeal. It is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a value-add asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 403 Leighann Road Subject | $370,000* List Price | 3 | 2 | 1,517 | $286 | - |
A 468 WRIGHT Way Sold | $265,000 | 3 | 2 | 1,369 | $194 | 0.3 mi |
B 426 TIGER LILY Way Sold | $360,000 | 3 | 2 | 1,369 | $263 | 0.1 mi |
C 424 WRIGHT Way Sold | $405,000 | 3 | 2 | 1,629 | $249 | 0.3 mi |
D 38 Magnesium Street Sold | $319,900 List Price | 4 | 2 | 1,292 | 0.9 mi | |
E 424 WRIGHT Way Sold | $405,000 | 3 | 2 | 1,629 | $249 | 0.3 mi |
F 415 Rocky Road Active | $450,000 List Price | 3 | 2 | 1,458 | $309 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1992 and the description mentions it as an 'investor special' requiring TLC, the provided images show a home that has been recently and extensively refreshed. The interior features new luxury vinyl plank flooring, fresh neutral paint, updated white shaker-style kitchen cabinetry with modern countertops, and refreshed bathrooms with new vanities and light fixtures. The home appears move-in ready with modern finishes that exceed the 'fair' category, though it falls short of 'excellent' due to the age of the structure and some original elements like the bathroom wall tiling.
Marketed as an 'investor special' with a solid foundation, this property offers a significant opportunity to build equity through strategic renovations and cosmetic updates.
The absence of association fees provides a competitive advantage by lowering monthly carrying costs for homeowners and increasing potential cash flow for investors.
The home features a desirable 3-bedroom, 2-bathroom floor plan with a two-car garage on a generous 6,970 sqft lot, providing a versatile footprint for modernization.
The property requires 'TLC' and immediate capital investment to address repairs and updates, which may limit financing options to certain loan types or cash buyers.
While the elementary school is highly rated, the middle and high schools serving the area have lower ratings (4 and 5 respectively), which may impact long-term resale appeal for families.
This investor special offers a solid foundation and a great price for those looking to add value through updates and repairs. The home features a functional 3/2 layout along with a two-car garage, providing a strong starting point for renovation. While it requires TLC, the structure and layout present excellent potential for improvement. With the right upgrades, this property can become a strong asset in the area.
No exterior & parking available.
Grades PK-5 • 1.6 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,517 | 1,592 | 41% |
| Lot Size | 6,970 | 6,534 | 63% |
| Price | $370.0K | $45.0K | 60% |
| Price per sq ft | $244 | $40 | 67% |
| Built year | 1992 | 1996 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 56 | 2743 | 1% |
Feb 25, 2026
$370,000
Initial Listing
Jun 9, 1997
$125,000
Public Record