5220 Paradise Valley Avenue, Las Vegas, NV 89156, Las Vegas, 89156 - 2 bed, 2 bath
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5220 Paradise Valley Avenue
Las Vegas, NV 89156
ACTIVE
CONDITION: FAIR
2Beds
2Baths
868Sq Ft
1,742Lot Size
Property Price
LIST PRICE$240,000
EST. MARKET VALUE
$236,621
SUMMARY
This Single Family Residence represents a Strong Value Opportunity, listed at $240,000—positioned slightly above the $236,621 Fair Market Value. While the property requires minor cosmetic updates given its Condition Rating of 4, it offers a functional layout with a private concrete patio and central air conditioning. Located just 0.15 miles from Martin Luther King Jr Elementary, the home provides excellent convenience for families. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a manageable, low-maintenance asset in a well-connected Las Vegas neighborhood.
Estimated Market Value
$236,621
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 |
|---|---|---|---|---|---|---|
★ 5220 Paradise Valley Avenue Subject | $240,000* List Price | 2 | 2 | 868 | $273 | - |
A 5218 Shreve Avenue Sold | $255,000 | 2 | 2 | 868 | $294 | 0.1 mi |
B 5280 Shreve Avenue Pending | $252,000 List Price | 2 | 2 | 868 | $290 | 0.1 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 2002 (22 years old), the property falls into the >20-year category. While it features some updated laminate flooring and appears functional, the kitchen cabinetry and bathroom fixtures are dated and the overall aesthetic reflects its original age, requiring minor cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Low-Maintenance Living
The property features a private concrete patio and a small 0.04-acre lot with xeriscaping potential, offering a functional outdoor space with minimal upkeep requirements.
- Modern Infrastructure
Built in 2002, the home includes essential modern amenities such as central air conditioning, a private garage, and durable ceramic tile flooring on the lower level.
- Prime School Proximity
Situated just 0.15 miles from Martin Luther King Jr Elementary School, this location provides exceptional convenience for households with young children.
CONSRISKS & DEFICIENCIES
- Compact Living Area
With only 868 square feet of living space distributed across two stories, the interior layout may feel restrictive for buyers seeking spacious rooms or ample storage.
- School Performance Ratings
The assigned middle and high schools currently hold lower performance ratings (3 and 2 respectively), which could be a concern for families prioritizing academic rankings.
About 5220 Paradise Valley Avenue
Classic stucco construction pairs with a tiled roofline to define the exterior of this two-story residential property. A fenced backyard and a private concrete patio offer low-maintenance outdoor space. A garage provides designated parking for the residence. Inside the 867-square-foot home, the lower-level living space features ceramic tile flooring, blinds, and neutral walls. The kitchen area connects to the living space and is equipped with wooden cabinetry, built-in features, and tile flooring. This home includes two bedrooms and one full bathroom, plus one half bathroom. The bedrooms are finished with plaster walls, vinyl flooring, laminate flooring, and blinds. Central air conditioning maintains the indoor climate, and a dedicated laundry closet provides utility space with vinyl flooring. Situated on a 0.04-acre lot in Las Vegas, this property offers a functional layout that maximizes interior utility. Contact a representative to learn more about this home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2002
- Lot Size
- 1,742 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $125 / Month
Neighborhood Insights
Las Vegas Unified Schools
Martin Luther King Jr Elementary School
Grades PK-5 • 0.1 mi
3/10
Dr. William (Bob) H Bailey Middle School
Grades 6-8 • 1.9 mi
3/10
Sunrise Mountain High School
Grades 9-12 • 2.2 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 868 | 1,961.945 |
| Lot Size | 1,742 | 6,098 |
| Price | $240.0K | $486.0K |
| Price per sq ft | $276 | $259 |
| Built year | 2002 | 2002 |
| HOA | $125 | $83 |
| Days on market | 20 | 62 |
Pricing History
Listed for Sale
Aug 20, 2026
$240,000
Initial Listing