5115 Midnight Oil Drive, Las Vegas, NV 89122, Las Vegas, 89122 - 3 bed, 2 bath
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Las Vegas, NV 89122
This property presents a High-Potential Investment Opportunity with a List Price of $310,000—positioned well below the $314,117 Fair Market Value by 1%. This valuation gap offers $4,117 in Instant Equity for buyers willing to address the Fair Condition Rating. Featuring a functional Single-Story Ranch Layout and a Covered Patio, the home requires cosmetic updates to maximize its value. This is a strategic acquisition ideal for Buy-and-Hold Investors or first-time buyers seeking a value-add project in Las Vegas.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5115 Midnight Oil Drive Subject | $310,000* List Price | 3 | 2 | 1,377 | $228 | - |
A 6693 Diamond Care Drive Sold | $340,000 | 3 | 2 | 1,377 | $247 | 0.2 mi |
B 5114 Mascaro Drive Sold | $302,500 | 3 | 2 | 1,377 | $220 | 0.1 mi |
C 6693 Diamond Care Drive Sold | $340,000 | 3 | 2 | 1,377 | $247 | 0.2 mi |
D 5236 Jewel Canyon Drive Sold | $330,000 | 3 | 2 | 1,377 | $240 | 0.2 mi |
E 5075 Midnight Oil Drive Sold | $220,000 List Price | 3 | 2 | 1,183 | 0.1 mi | |
F 5166 Mascaro Drive Sold | $300,000 | 2 | 2 | 1,066 | $281 | 0.1 mi |
G 5196 Floralita Street Sold | $340,000 | 3 | 3 | 1,335 | $255 | 0.4 mi |
H 5043 Mascaro Drive Sold | $290,000 | 2 | 2 | 1,088 | $267 | 0.1 mi |
I 5086 Mascaro Drive Active | $319,800 List Price | 3 | 2 | 1,377 | $232 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999 (27 years old), the property features original dated finishes including oak cabinetry and laminate countertops in the kitchen and bathrooms. The exterior shows significant driveway cracking, and as a HUD 'as-is' sale, it requires cosmetic updates and minor maintenance to address its age.
The ranch-style design offers a highly functional and accessible floor plan, appealing to a wide range of buyers seeking ease of movement and long-term utility.
With an FHA insurability code of 'IN', this property qualifies for standard FHA financing, making it an accessible entry point for first-time homebuyers.
The inclusion of a covered patio and concrete perimeter walls provides immediate privacy and a shaded outdoor space suitable for the desert climate.
As a HUD property sold strictly as-is, the buyer assumes all responsibility for potential repairs and deferred maintenance typical of distressed sales.
The assigned middle and high schools carry low performance ratings, which may impact the property's appeal to families and affect long-term appreciation.
NICE 3 BEDROOM RANCH WITH 2 CAR ATTACHED GARAGE, COVERED PATIO OFF BACK, CONCRETE WALLS IN BACKYARD. GATED COMMUNITY WITH CLUBHOUSE AND SWIMMING POOL. THIS IS A AGE RESTRICTED NEIGHBORHOOD. NO RENTALS ARE ALLOWED. HUD HOMES SOLD AS IS. FHA #332-446209 FHA INSURABILITY CODE IN. SHOW ANYTIME. NEW HOMES EACH DAY OWNERSHIP U. S. Dept of HUD. SUBJECT TO AN APPRAISAL.
No exterior & parking available.
Grades PK-5 • 1.6 mi
Grades 6-8 • 1.8 mi
Grades 9-12 • 5.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,377 | - |
| Lot Size | 3,920 | - |
| Price | $310.0K | $474.8K |
| Price per sq ft | $225 | $257 |
| Built year | 1999 | 0 |
| HOA | $150 | $0 |
| Days on market | 22 | 526 |
Jun 30, 2026
$310,000
Initial Listing