413 Fallwood Lane, Las Vegas, NV 89107, Las Vegas, 89107 - 2 bed, 2 bath
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413 Fallwood Lane
Las Vegas, NV 89107
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,494Sq Ft
15,028Lot Size
Property Price
LIST PRICE$325,000
EST. MARKET VALUE
$314,036
3% AboveMARKET VALUE
SUMMARY
This Single-Story Townhouse represents a Strong Value Opportunity, listed at $325,000—positioned slightly above the $314,036 Fair Market Value. While the price reflects a premium, the property maintains a Condition Rating of 3, featuring a Granite Kitchen and Upgraded Water Systems. The functional layout and private Covered Patio offer a low-maintenance lifestyle. Despite lower-rated local schools, the home’s move-in ready status provides immediate stability. This property is an ideal acquisition for first-time buyers or downsizing owner-occupants seeking a comfortable, well-maintained Las Vegas residence.
Estimated Market Value
$314,036
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 |
|---|---|---|---|---|---|---|
★ 413 Fallwood Lane Subject | $325,000* List Price | 2 | 2 | 1,494 | $210 | - |
A 412 Fallwood Lane Sold | $340,000 | 2 | 2 | 1,695 | $201 | 0.0 mi |
B 5320 Fieldstone Road Sold | $345,000 | 2 | 2 | 1,695 | $204 | 0.0 mi |
C 472 Fallwood Lane Sold | $305,000 | 2 | 2 | 1,494 | $204 | 0.1 mi |
D 5325 Swallowtail Court Sold | $345,000 | 2 | 2 | 1,695 | $204 | 0.1 mi |
E 5717 Pearldrop Avenue Sold | $270,000 | 3 | 2 | 1,456 | $185 | 0.8 mi |
F 5620 Roseridge Avenue Sold | $325,000 | 4 | 2 | 1,648 | $197 | 0.7 mi |
G 461 Purple Finch Drive Active | $318,000 List Price | 2 | 2 | 1,258 | $253 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1988 but exceptionally well-maintained and move-in ready. The property features partial updates including granite countertops, stainless steel appliances, and updated flooring. While the oak cabinetry and gold-framed shower doors are dated, the home is functional with no visible maintenance issues and includes upgraded systems like a water filtration unit.
PROSSTRENGTHS & OPPORTUNITIES
- Single-Story Accessibility
The single-story layout offers a functional and accessible living space, ideal for buyers seeking a low-maintenance lifestyle without the burden of stairs.
- Upgraded Kitchen & Water Systems
The inclusion of a speed oven, owned water conditioner, and water filtration system provides significant added value and convenience for daily living.
- Private Outdoor Living
The property features both a private front courtyard and a covered back patio, offering multiple secluded spaces for relaxation and outdoor enjoyment.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =15028, other record lot size in square feet = 5625.
- Underperforming School District
The assigned public schools have low ratings ranging from 2 to 3, which could be a significant drawback for families and may impact future appreciation.
- Aging Construction
Built in 1988, the property may soon require capital improvements to major systems or cosmetic updates to compete with newer developments in the area.
About 413 Fallwood Lane
A charming brick-accented exterior and private front courtyard welcome you into this beautifully maintained single-story townhouse, offering a peaceful retreat in the heart of Las Vegas. With 1,494 square feet of comfortable living space, this residence blends everyday convenience with relaxed, easy living. Inside, you’ll find two well-appointed bedrooms and two full bathrooms, along with thoughtfully finished interior details including drapes and window coverings throughout. The kitchen is equipped with a oven as well as a speed oven, an owned water conditioner, and a water filtration system ideal for daily cooking and home care. Outdoor living is equally enjoyable, featuring a covered patio, a quiet courtyard, and backyard access perfect for morning coffee or unwinding in the fresh air. Situated on a low-maintenance 0.13-acre lot, this home offers a balanced lifestyle within the city. Experience the comfort and charm of this inviting townhouse schedule your private showing today.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1988
- Lot Size
- 15,028 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $250 / Month
Neighborhood Insights
Las Vegas Unified Schools
Red Rock Elementary School
Grades PK-5 • 0.2 mi
2/10
Frank F Garside Junior High School
Grades 6-8 • 1.1 mi
3/10
Western High School
Grades 9-12 • 0.8 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,494 | 1,414.01 |
| Lot Size | 15,028 | 2,178 |
| Price | $325.0K | $333.8K |
| Price per sq ft | $218 | $236 |
| Built year | 1988 | 1997 |
| HOA | $250 | $202 |
| Days on market | 9 | 70 |
Pricing History
Listed for Sale
Aug 31, 2026
$325,000
Initial Listing