5211 Caspian Springs Drive 201, Las Vegas, NV 89120, Las Vegas, 89120 - 1 bed, 1 bath
5211 Caspian Springs Drive 201
Las Vegas, NV 89120
Property Price
SUMMARY
Analysis of 5211 Caspian Springs Drive 201, Las Vegas, NV 89120 is currently available with a list price of $165,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1993, this property is over 30 years old and fits the 'Fair' criteria. While the listing highlights 'move-in ready' status and recent updates like new countertops and full-size appliances, it lacks the extensive, full-property renovation required for a 'Good' or 'Excellent' rating. The property appears well-maintained through regular upkeep, but the overall style and major systems likely reflect its original construction era.
PROSSTRENGTHS & OPPORTUNITIES
- Move-In Ready Condition
The property is turnkey with recent upgrades including new countertops and full-size appliances, making it an ideal option for immediate occupancy or as a rental-ready investment.
- Comprehensive Community Amenities
Residents have access to a full suite of amenities including a pool, spa, clubhouse, and an assigned carport, which significantly enhances the lifestyle value of this condominium.
- Strategic Location and Privacy
Situated with easy freeway and shopping access, the unit features a balcony surrounded by lush greenery that provides both privacy and natural cooling during the Las Vegas summer.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3533, other record lot size in square feet = 812.
- High HOA-to-Value Ratio
The monthly association fee of $311 is relatively high compared to the $165,000 list price, which may impact the overall monthly affordability and ROI for investors.
- Compact Living Area
With only 697 square feet of living space, the unit offers limited storage and room for furniture, which may restrict its appeal to single occupants or couples.
About 5211 Caspian Springs Drive 201
Great starter home or investment property!! Located on the 2nd level with a balcony surrounded by lush greenery that will help out on those hot summer days. This Charming 1 bedroom 1 bathroom condominium is located in an HOA community with shopping and freeway access nearby. Move in ready, this home features your own assigned carport, fireplace, new counter tops, and full-size appliances. Amenities include the pool, spa, and club house. Come see your new cozy home and what it has to offer.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1993
- Lot Size
- 3,533 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $311 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 25% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 697 | 987 | 21% |
| Lot Size | 3,533 | 1,981 | 69% |
| Price | $165.0K | $176.0K | 48% |
| Price per sq ft | $237 | $196 | 89% |
| Built year | 1993 | 1995 | 25% |
| HOA | $311 | $244 | 89% |
| Days on market | 355 | 596 | 48% |
Pricing History
Listed for Sale
Mar 17, 2025
$165,000
Initial Listing