520 Arrowhead Trail 613, Henderson, NV 89015, Henderson, 89015 - 2 bed, 2 bath
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520 Arrowhead Trail 613
Henderson, NV 89015
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,019Sq Ft
5,836Lot Size
Property Price
LIST PRICE$199,999
EST. MARKET VALUE
$199,968
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $199,999—positioned well below the $199,968 Fair Market Value by a negligible margin, reflecting a stable, market-accurate price. With a Good Condition Rating, the unit features a 4-year-old HVAC system and recent cosmetic updates, minimizing immediate capital expenditures. Located near top-rated schools like Gordon Mccaw Elementary (9/10), this property offers reliable rental demand and community amenities including a pool. It is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a stable, income-producing asset.
Estimated Market Value
$199,968
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 |
|---|---|---|---|---|---|---|
★ 520 Arrowhead Trail 613 Subject | $199,999* List Price | 2 | 2 | 1,019 | $196 | - |
A 520 Arrowhead Trail 1314 Sold | $195,000 | 2 | 2 | 1,019 | $191 | 0.1 mi |
B 698 South Racetrack Road 1614 Sold | $220,000 | 2 | 2 | 1,151 | $191 | 0.6 mi |
C 698 S Racetrack Road 1022 Sold | $200,000 | 2 | 2 | 1,151 | $174 | 0.5 mi |
D 698 S Racetrack Road 724 Sold | $244,000 | 2 | 2 | 1,151 | $212 | 0.5 mi |
E 698 S Racetrack Road 1712 Sold | $239,000 List Price | 2 | 2 | 1,151 | 0.6 mi | |
F 520 Arrowhead Trail 221 Active | $225,000 List Price | 2 | 2 | 1,019 | $221 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2000, the property falls into the 20+ year age bracket but qualifies as 'Good' due to recent cosmetic renovations and system updates. The interior features fresh paint, new light fixtures, and hardware, while the HVAC system is only 4 years old. The unit appears well-maintained and move-in ready, though the kitchen appliances and painted cabinets reflect an older style.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Gordon Mccaw Elementary School (9/10).
- Turnkey Investment Potential
The property is fully leased and specifically marketed for 1031 exchanges, offering immediate rental income and a seamless transition for real estate investors.
- Recent Capital Improvements
With a four-year-old HVAC system, freshly painted interiors and cabinets, and new hardware, the unit minimizes near-term maintenance costs and capital expenditures.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5836, other record lot size in square feet = 2550.
- High Monthly Carrying Costs
The $343 monthly association fee is relatively high for a property at this price point, which may compress the net cap rate for potential investors.
- Limited Owner-Occupant Appeal
Because the unit is currently fully leased, it is less suitable for primary residence buyers who require immediate occupancy upon closing.
About 520 Arrowhead Trail 613
Calling all investors to this beautiful 2 bedroom/2 bath ground floor condo in Henderson. Quiet and spacious with an open floor plan. Freshly painted interior and cabinets. New light fixtures and hardware. Close to amenities and easy freeway access. Walking distance to shops. HVAC only 4 years old. Fully leased and perfect for a 1031 exchange. Amenities include clubhouse and pool. Will not last long at this wonderful price!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2000
- Lot Size
- 5,836 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $343 / Month
Neighborhood Insights
Henderson Unified Schools
Gordon Mccaw Elementary School
Grades PK-5 • 1.3 mi
9/10
Lyal Burkholder Junior High School
Grades 6-8 • 2.0 mi
4/10
Foothill High School
Grades 9-12 • 1.0 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,019 | 1,151.889 |
| Lot Size | 5,836 | 5,607.667 |
| Price | $200.0K | $268.4K |
| Price per sq ft | $196 | $230 |
| Built year | 2000 | 1998 |
| HOA | $343 | $290 |
| Days on market | 30 | 90 |
Pricing History
Listed for Sale
Aug 10, 2026
$199,999
Initial Listing