477 Waterwheel Falls Drive, Henderson, NV 89015, Henderson, 89015 - 3 bed, 2 bath
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477 Waterwheel Falls Drive
Henderson, NV 89015
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,652Sq Ft
6,534Lot Size
Property Price
LIST PRICE$450,000
EST. MARKET VALUE
$450,654
SUMMARY
This Turnkey Single-Story Residence is a Prime Investment Opportunity, listed at $450,000—positioned well below the $459,868 Fair Market Value by 2%. This valuation gap offers $9,868 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home includes a modernized kitchen, wood-look tile flooring, and new HVAC systems. With no HOA fees and a newly installed patio, this property provides a stress-free lifestyle. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready home.
Estimated Market Value
$450,654
Based on Realkey algorithm analyzing recent comparable sales in Henderson.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 477 Waterwheel Falls Drive Subject | $450,000* List Price | 3 | 2 | 1,652 | $273 | - |
A 415 Rocky Road Sold | $435,000 | 3 | 2 | 1,458 | $298 | 0.3 mi |
B 418 Tiger Lily Way Sold | $430,000 | 3 | 2 | 1,369 | $314 | 0.3 mi |
C 403 Leighann Road Sold | $375,000 | 3 | 2 | 1,517 | $247 | 0.2 mi |
D 234 Denver Way Sold | $430,000 | 3 | 2 | 1,622 | $265 | 0.3 mi |
E 603 Buchanan Avenue Sold | $405,000 | 3 | 2 | 1,200 | $338 | 0.2 mi |
F 428 Box Elder Way Sold | $399,000 | 4 | 2 | 1,324 | $301 | 0.4 mi |
G 426 Box Elder Way Sold | $400,000 | 3 | 2 | 1,246 | $321 | 0.4 mi |
H 333 Oak Canyon Drive Sold | $489,900 | 3 | 2 | 1,718 | $285 | 0.7 mi |
I 419 Viewmont Drive Active | $459,900 List Price | 3 | 2 | 1,629 | $282 | 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.
While built in 1998, the property has undergone significant recent renovations within the 5-15 year window. Key updates include a modernized kitchen with black stainless appliances and refaced cabinets, updated bathrooms, and new wood-look tile flooring. Critical systems have been addressed with a replaced HVAC (A/C and furnace) and a newer water conditioner, making it fully move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- No HOA Fees
The absence of a Homeowners Association provides significant monthly savings and greater freedom for property personalization, a highly desirable feature in the Henderson market.
- Extensive Mechanical Upgrades
Recent replacements of the A/C, furnace, and water conditioner, along with a serviced garage door, offer peace of mind and reduced immediate maintenance costs for the buyer.
- Modernized Interior
The home features high-quality updates including a remodeled kitchen with black stainless appliances, wood-look tile flooring, and beautifully updated bathrooms, ensuring a move-in-ready experience.
CONSRISKS & DEFICIENCIES
- Average School Ratings
The assigned middle and high schools carry moderate ratings (4/10 and 5/10), which may be a consideration for families prioritizing top-tier educational districts.
- 1990s Era Construction
While meticulously maintained, the 1998 construction may lack some of the contemporary open-concept architectural elements or energy-efficient building standards found in newer Henderson developments.
About 477 Waterwheel Falls Drive
Beautiful single-story home with no HOA, showcasing exceptional pride of ownership and meticulous care throughout. The updated kitchen features black stainless steel appliances and professionally refaced cabinetry, while attractive wood-look tile flooring extends through most of the home. The two secondary bedrooms offer brand-new carpet and fresh paint. Major improvements include a replaced A/C, furnace, and blower, new blinds, a new kitchen sink and faucet, a two-year-new water conditioner, a serviced garage door with new springs, and a newly installed patio slab. Both bathrooms have been beautifully updated, making this home truly move-in ready. Don't miss this well-maintained home with quality upgrades throughout!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1998
- Lot Size
- 6,534 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Henderson Unified Schools
Ulis Newton Elementary School
Grades PK-5 • 1.8 mi
7/10
Lyal Burkholder Junior High School
Grades 6-8 • 0.6 mi
4/10
Foothill High School
Grades 9-12 • 2.7 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,652 | 2,064.015 |
| Lot Size | 6,534 | 6,098 |
| Price | $450.0K | $525.0K |
| Price per sq ft | $272 | $265 |
| Built year | 1998 | 2005 |
| HOA | $0 | $110 |
| Days on market | 36 | 70 |
Pricing History
Listed for Sale
Aug 4, 2026
$450,000
Initial Listing
Sold
Apr 3, 1998
$127,000
Public Record