4999 Nellis Circle, Las Vegas, NV 89120, Las Vegas, 89120 - 4 bed, 2 bath
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Las Vegas, NV 89120
This 1972 single-family residence represents a High-Potential Investment Opportunity, currently listed at $490,000—positioned well above the $398,382 Fair Market Value by -22%. With a Condition Rating of 4, the property requires cosmetic modernization to reach its full potential. Key assets include No HOA restrictions, solar panels, and a private cul-de-sac lot. While school ratings are low, the lack of HOA fees and significant outdoor space provide a solid foundation for value-add projects. This property is best suited for Buy-and-Hold Investors or Contractors seeking a renovation-ready asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4999 Nellis Circle Subject | $490,000* List Price | 4 | 2 | 1,309 | $304 | - |
A 5375 SALTAIRE Street Sold | $450,000 | 4 | 2 | 1,519 | $296 | 1.0 mi |
B 5375 Saltaire Street Sold | $450,000 | 4 | 2 | 1,519 | $296 | 1.0 mi |
C 4971 Orinda Circle Active | $380,000 List Price | 3 | 1 | 1,250 | $304 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1972 (52 years old). While it features some updates such as solar panels and the removal of carpet, the overall age and lack of a specified recent kitchen or bathroom renovation suggest the interior is dated and requires minor repairs or cosmetic modernization to meet current market standards.
The absence of a Homeowners Association offers buyers significant freedom from monthly dues and restrictive covenants, making it ideal for those seeking autonomy or vehicle storage.
The inclusion of solar panels provides a modern, eco-friendly advantage that can substantially reduce monthly utility costs in the Las Vegas desert climate.
Located in a quiet cul-de-sac with a large backyard and a block wall, the property offers enhanced privacy, safety from through-traffic, and ample outdoor space.
With over 800 days on the market, the property faces a significant perception of being overpriced relative to its 1,309 square footage and 1972 construction date.
The assigned elementary, middle, and high schools all carry low ratings (2-3), which may deter families and negatively impact long-term appreciation.
4 bedroom, 2 bathroom, 2 car garage single family house for sale. No HOA. No carpet. In Cul-de-sac. Big backyard. Storage. Patio. Block wall around. Solar panels.
No exterior & parking available.
Grades PK-5 • 0.2 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 2.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 50% |
| Square foot | 1,309 | 2,065 | 5% |
| Lot Size | 6,534 | 10,019 | 11% |
| Price | $490.0K | $450.0K | 56% |
| Price per sq ft | $374 | $216 | 96% |
| Built year | 1972 | 1979 | 11% |
| HOA | $0 | $0 | 50% |
| Days on market | 824 | 679 | 55% |
Mar 4, 2024
$490,000
Initial Listing
Oct 20, 1997
$95,500
Public Record