4533 Madreperla Street, Las Vegas, NV 89121, Las Vegas, 89121 - 2 bed, 2 bath
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Las Vegas, NV 89121
This Functional Value-Add Townhome is listed at $315,000, positioned accurately at its $315,000 Fair Market Value. Maintaining a Condition Rating of 4, the interior features updated wood-look laminate flooring while offering significant upside through kitchen modernization and cosmetic repairs. The property provides a high-value lifestyle with access to six community pools, a spa, and tennis courts, alongside private front and rear outdoor spaces. This stable asset represents a strategic entry point for Owner-Occupants looking to build equity or Buy-and-Hold Investors seeking a low-maintenance, amenity-rich rental.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4533 Madreperla Street Subject | $299,000* List Price | 2 | 2 | 1,276 | $197 | - |
A 2544 Malabar Avenue Sold | $319,900 | 2 | 2 | 1,276 | $251 | 0.0 mi |
B 2587 Laconia Avenue Sold | $305,000 | 3 | 2 | 1,719 | $177 | 0.1 mi |
C 3375 E Tompkins Avenue 111 Sold | $239,555 List Price | 2 | 2 | 1,158 | 0.8 mi | |
D 4567 Kenmare Way Sold | $284,000 | 3 | 3 | 1,536 | $185 | 0.7 mi |
E 4538 Galway Court Sold | $265,000 | 2 | 2 | 1,144 | $232 | 0.7 mi |
F 2556 Laconia Avenue Pending | $298,500 List Price | 2 | 2 | 1,276 | $234 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1981, is in fair condition as it presents a mix of recent cosmetic updates and significant original features. While the home has been updated with modern grey wood-look laminate flooring throughout, the kitchen remains dated with original oak cabinetry, white tile countertops, and older black appliances. The interior shows signs of age including popcorn ceilings and dated fluorescent box lighting. Some rooms require immediate paint and minor repairs, but the structure appears well-maintained and functional overall.
The property offers access to six community pools, a spa, and tennis courts, providing a high-value lifestyle package for residents.
Featuring both a front courtyard and a back patio, this townhome provides significantly more private outdoor living space than typical units in this category.
The 1,276-square-foot layout is thoughtfully designed with an open concept that enhances the sense of space and facilitates easy entertaining.
Constructed in 1981, the home may require capital improvements or modernization of major systems and finishes to compete with newer inventory.
The $340 monthly association fee represents a notable recurring expense that may affect the overall budget for price-sensitive buyers.
Charming two bedroom, two bath townhome. Open floor plan with a welcoming front courtyard, and a back patio. 6 Community pools and spa, and a tennis court.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,276 | 1,518 | 16% |
| Lot Size | 2,614 | 2,614 | 50% |
| Price | $299.0K | $265.0K | 66% |
| Price per sq ft | $234 | $180 | 91% |
| Built year | 1981 | 1975 | 76% |
| HOA | $340 | $180 | 91% |
| Days on market | 169 | 996 | 10% |
Apr 5, 2026
$299,000
$315,000
-5% Price Drop
Initial Listing
Nov 5, 2025
$315,000
Initial Listing