5005 Ironhorse Ranch Avenue, Las Vegas, NV 89131, Las Vegas, 89131 - 3 bed, 3 bath
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5005 Ironhorse Ranch Avenue
Las Vegas, NV 89131
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,533Sq Ft
3,485Lot Size
Property Price
LIST PRICE$375,000
EST. MARKET VALUE
$354,472
5% AboveMARKET VALUE
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $375,000—positioned well above the $354,473 Fair Market Value by -5%. While priced slightly above market, the property features a rare VA assumable loan at 3.25%, providing significant long-term interest savings. With a Fair Condition Rating and a versatile backyard, the home offers a blank canvas for personalization. This property balances lifestyle potential with unique financing, making it an ideal acquisition for first-time buyers or Owner-Occupants seeking a manageable, energy-efficient home in Iron Mountain Ranch.
Estimated Market Value
$354,472
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 |
|---|---|---|---|---|---|---|
★ 5005 Ironhorse Ranch Avenue Subject | $375,000* List Price | 3 | 3 | 1,533 | $231 | - |
A 8717 Dodds Canyon Street Sold | $402,000 | 3 | 3 | 1,735 | $232 | 0.4 mi |
B 5008 Apache Valley Avenue Sold | $355,000 | 3 | 2 | 1,396 | $254 | 0.4 mi |
C 5048 Whistling Acres Avenue Sold | $405,000 | 3 | 3 | 2,083 | $194 | 0.1 mi |
D 8616 PALOMINO RANCH Street Sold | $407,000 | 3 | 3 | 2,083 | $195 | 0.2 mi |
E 8616 PALOMINO RANCH Street Sold | $407,000 | 3 | 3 | 2,083 | $195 | 0.2 mi |
F 8616 Palomino Ranch Street Sold | $407,000 | 3 | 3 | 2,083 | $195 | 0.2 mi |
G 4904 Whistling Acres Avenue Active | $345,000 List Price | 3 | 3 | 1,674 | $206 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2003, the property is 23 years old, placing it in the Fair category (>20y). While the interior shows signs of being well-maintained with updated wood-look flooring and a refreshed bathroom vanity, the backyard is currently unfinished and the home's original systems are reaching an age where updates will soon be required.
PROSSTRENGTHS & OPPORTUNITIES
- Favorable Financing
The property features a VA assumable loan at a highly competitive 3.25% interest rate, offering significant long-term savings for eligible buyers in the current market.
- Energy Efficiency
Equipped with solar panels at a low $80/month lease, the home provides a cost-effective solution for managing Las Vegas utility expenses during peak heat months.
- Outdoor Potential
The backyard offers a versatile space with enough room to customize a pool, garden, or play area, which is a high-demand feature in the Iron Mountain Ranch community.
CONSRISKS & DEFICIENCIES
- Compact Lot Size
With a lot size of 3,485 square feet, the outdoor space is relatively modest, which may limit privacy and large-scale exterior developments compared to larger parcels.
- Solar Lease Obligation
The solar system is leased rather than owned, requiring the buyer to assume a monthly payment and meet the provider's transfer requirements as part of the purchase.
About 5005 Ironhorse Ranch Avenue
This is the kind of home that just makes sense in the Iron Mountain Ranch community! Did I mention it's VA assumable loan at 3.25%!! This 3-bedroom, 3-bath home gives you a great layout, a backyard you can actually do something with, and a neighborhood you’ll love coming home to. Inside, the floor plan feels open and comfortable with plenty of natural light, three bathrooms, and spaces that flow easily for everyday living and entertaining. Step outside and the backyard is where the possibilities really open up-with plenty of room to create the outdoor space you’ve been saving to your Pinterest board, whether that’s a pool, garden, play area, or a little bit of everything. The home also features solar with an affordable $80/month lease, a huge plus in the Las Vegas heat! And with a neighborhood park nearby, you get even more outdoor space right outside your door. Great house, great yard, great community-this one really does have the whole package.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2003
- Lot Size
- 3,485 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $60 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,533 | 1,961.945 |
| Lot Size | 3,485 | 6,098 |
| Price | $375.0K | $486.0K |
| Price per sq ft | $245 | $259 |
| Built year | 2003 | 2002 |
| HOA | $60 | $83 |
| Days on market | 19 | 62 |
Pricing History
Listed for Sale
Aug 21, 2026
$375,000
Initial Listing