5240 Janfred Court 1, Las Vegas, NV 89103, Las Vegas, 89103 - 1 bed, 2 bath
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5240 Janfred Court 1
Las Vegas, NV 89103
ACTIVE
CONDITION: FAIR
1Beds
2Baths
771Sq Ft
4,439Lot Size
Property Price
LIST PRICE$164,000
EST. MARKET VALUE
$152,000
7% AboveMARKET VALUE
SUMMARY
This Strong Value Opportunity is a 1-Bedroom Condominium listed at $164,000, positioned well below the $152,000 Fair Market Value by -7%. While the property is in Fair Condition Rating (4), it offers a refreshed interior with plank flooring and an Enclosed Patio, providing a functional layout for residents. Located near Joseph E Thiriot Elementary School, this asset balances affordability with proximity to the Las Vegas Strip. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a turnkey, low-maintenance entry into the market.
Estimated Market Value
$152,000
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 |
|---|---|---|---|---|---|---|
★ 5240 Janfred Court 1 Subject | $164,000* List Price | 1 | 2 | 771 | $197 | - |
A 5081 River Glen Drive 113 Sold | $128,000 | 1 | 1 | 700 | $183 | 0.2 mi |
B 5160 Indian River Drive 346 Sold | $125,000 | 1 | 1 | 700 | $179 | 0.1 mi |
C 5350 River Glen Drive 298 Sold | $130,000 | 1 | 1 | 700 | $186 | 0.2 mi |
D 4941 River Glen Drive 10 Sold | $157,500 | 1 | 1 | 700 | $225 | 0.3 mi |
E 5404 River Glen Drive 361 Sold | $178,500 | 2 | 2 | 978 | $183 | 0.3 mi |
F 4400 Sandy River Drive 4 Sold | $143,000 | 1 | 1 | 700 | $204 | 0.3 mi |
G 5121 River Glen Drive 138 Sold | $165,000 | 2 | 1 | 816 | $202 | 0.2 mi |
H 5221 River Glen Drive 195 Sold | $180,000 | 2 | 2 | 978 | $184 | 0.2 mi |
I 5350 River Glen Drive 298 Active | $145,000 List Price | 1 | 1 | 700 | $207 | 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 1983 (41 years old), the property is well past the 20-year mark for original systems. While it features a recent cosmetic 'refresh' including new paint, plank flooring, and minor repairs, the kitchen cabinetry and dark appliances are dated, and popcorn ceilings are still present. It is functional and move-in ready but lacks the comprehensive renovation required for a higher rating.
PROSSTRENGTHS & OPPORTUNITIES
- Move-In Ready Condition
The property features a refreshed interior with new paint, updated light fixtures, and recent minor repairs, offering a turnkey opportunity for buyers or investors.
- Functional Two-Level Layout
The unique two-story design includes two bathrooms and an enclosed patio, providing a sense of separation and versatility rarely found in a one-bedroom condominium.
- Strategic Location
Situated in the 89103 zip code, the home offers excellent proximity to the Las Vegas Strip, local dining, and shopping, enhancing its rental potential and convenience.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4439, other record lot size in square feet = 3136.
- Limited Square Footage
At only 771 square feet with a single bedroom, the property’s small footprint significantly limits the potential buyer pool to individuals or couples.
- Aging Infrastructure
Built in 1983, the property may require future capital investments for aging mechanical systems or common area maintenance typical of older developments.
About 5240 Janfred Court 1
This Las Vegas home has a comfortable two-level layout with refreshed interior spaces and a useful enclosed patio. The kitchen includes warm wood cabinetry, light counters, dark appliances, and tile flooring, with a nearby dining area for everyday meals. The living room features plank-style flooring, a fireplace, and natural light, while the upper level adds carpeted space that can support sleeping, work, or hobbies. The baths include clean vanity areas and tub or shower space. Recent cleaning, landscaping, light fixture, paint, and minor repair work support a well-kept presentation. A front entry, walled patio area, and covered parking add practical convenience.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1983
- Lot Size
- 4,439 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $286 / Month
Neighborhood Insights
Las Vegas Unified Schools
Joseph E Thiriot Elementary School
Grades PK-5 • 0.3 mi
6/10
Kenny C Guinn Middle School
Grades 6-8 • 1.1 mi
5/10
Grant Sawyer Middle School
Grades 6-8 • 1.8 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 771 | 1,059.468 |
| Lot Size | 4,439 | 6,055.359 |
| Price | $164.0K | $225.8K |
| Price per sq ft | $213 | $213 |
| Built year | 1983 | 1996 |
| HOA | $286 | $254 |
| Days on market | 12 | 71 |
Pricing History
Listed for Sale
Aug 28, 2026
$164,000
Initial Listing
Sold
May 30, 1997
$39,500
Public Record