
Las Vegas, NV 89121
This 3-Bedroom Value-Add Asset in Mansions De Los Reyes is listed at $450,000, positioned relative to a $354,627 Fair Market Value. While currently priced above algorithmic estimates, the property’s Single-Story Layout and No HOA Restrictions offer significant long-term utility and monthly savings. The Fair Condition Rating and 1988 Dated Construction signal a strategic opportunity for forced appreciation through cosmetic modernization. Located in an established neighborhood with a 2-Car Garage, this home is a calculated acquisition for Buy-and-Hold Investors or Fix-and-Flip Investors seeking a high-demand rental asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4434 LOS REYES Court Subject | $450,000* List Price | 3 | 2 | 1,793 | $198 | - |
A 4568 Paseo Del Ray Drive Sold | $410,000 | 3 | 2 | 1,782 | $230 | 0.3 mi |
B 3164 Elmrock Place Sold | $415,000 | 3 | 2 | 1,660 | $250 | 0.6 mi |
C 2499 Swan Lane Sold | $373,500 | 3 | 2 | 1,800 | $208 | 0.2 mi |
D 4428 Los Reyes Court Sold | $440,000 | 3 | 3 | 2,180 | $202 | 0.0 mi |
E 2690 Diamante Circle Sold | $430,000 | 3 | 2 | 1,593 | $270 | 0.4 mi |
F 3038 Elmrock Place Sold | $425,000 | 3 | 2 | 1,892 | $225 | 0.5 mi |
G 4488 Los Reyes Court Active | $450,000 List Price | 3 | 3 | 1,725 | $261 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988, this property is approximately 36 years old and is explicitly marketed as an investment opportunity, which typically indicates a need for cosmetic updates or modernization. The property analysis confirms 'dated construction' and the need for capital improvements to meet modern standards. While the exterior appears maintained in the provided image, the age of the home and the lack of mentioned renovations suggest that the kitchen, bathrooms, and major systems are likely original or show significant signs of being outdated, placing it firmly in the fair category.
The absence of a Homeowners Association offers significant monthly savings and provides owners with greater flexibility regarding property use, rentals, and exterior modifications.
The single-level floor plan is a highly sought-after feature in the Las Vegas market, ensuring broad appeal for families, seniors, and long-term accessibility.
Explicitly marketed for investors, this property presents a prime opportunity for a value-add renovation or a high-demand rental acquisition in an established neighborhood.
Built in 1988, the property likely requires capital improvements to major systems or cosmetic updates to compete with modern residential standards.
The 6,098-square-foot lot offers limited outdoor space, which may be a drawback for buyers seeking expansive yards or significant privacy between neighbors.
GREAT FOR INVESTORS, SINGLE STORY 3 BED 2 BATH 2 CAR GARAGE WITH NO HOA.
No exterior & parking available.
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 | 1,793 | 1,781 | 51% |
| Lot Size | 6,098 | 7,405 | 11% |
| Price | $450.0K | $382.5K | 76% |
| Price per sq ft | $251 | $208 | 76% |
| Built year | 1988 | 1972 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 173 | 495 | 25% |
Nov 1, 2025
$450,000
Initial Listing
Mar 20, 1998
$131,500
Public Record