5250 Mission Carmel Lane 102, Las Vegas, NV 89107, Las Vegas, 89107 - 2 bed, 2 bath
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Las Vegas, NV 89107
This Ground-Floor Condominium is a functional asset listed at $174,900, reflecting the stability of its gated community compared to a $141,229 Fair Market Value. Holding a Fair Condition Rating, the residence features original 1989 finishes including oak-style cabinetry and laminate countertops, offering a clear modernization path for future appreciation. While the $370 monthly HOA is a factor, the property’s 1st floor accessibility and strategic location near the US-95 freeway and Western High School ensure high rental desirability. This is a solid entry-level opportunity for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5250 Mission Carmel Lane 102 Subject | $174,900* List Price | 2 | 2 | 876 | $161 | - |
A 5220 Mission Carmel Lane 107 Sold | $185,000 List Price | 2 | 2 | 876 | 0.0 mi | |
B 5220 Mission Carmel Lane 107 Sold | $141,000 List Price | 2 | 2 | 876 | 0.0 mi | |
C 231 Mission Newport Lane 101 Sold | $209,900 List Price | 2 | 2 | 876 | 0.1 mi | |
D 220 Mission Catalina Lane 102 Sold | $128,000 List Price | 2 | 2 | 876 | 0.1 mi | |
E 212 Orland Street 28 Sold | $135,000 | 2 | 1 | 748 | $180 | 0.6 mi |
F 5250 Mission Carmel Lane 204 Active | $184,900 List Price | 2 | 2 | 876 | $211 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1989, appears to be in mostly original condition. While well-maintained and functional, the kitchen and bathrooms feature dated finishes including oak-style cabinetry, laminate countertops, and older white appliances. The presence of fluorescent light boxes and standard carpeting further reflects a lack of recent modern renovations, placing it firmly in the fair category based on age and style.
As a first-floor unit, this property offers superior accessibility and convenience, eliminating the need for stairs and making it highly desirable for a wide range of tenants and owners.
The property is ideally situated near major freeways and shopping centers, providing residents with efficient commutes and immediate access to daily amenities.
Priced competitively for a 2-bedroom, 2-bathroom configuration within a gated community, this unit presents an excellent opportunity for rental income or affordable entry-level homeownership.
The assigned public schools have low ratings (2-3 out of 10), which may deter families with school-aged children and impact long-term appreciation.
The $370 monthly association fee is relatively high compared to the listing price, which could impact the buyer's monthly affordability and the net cash flow for investors.
1st floor 2 bedroom 2 bath and balcony unit in gated community conveniently located close to major freeway and shopping. Very good investment to rent or owner occupied.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 1.5 | 50% |
| Square foot | 876 | 748 | 54% |
| Lot Size | 8,911 | 876 | 88% |
| Price | $174.9K | $100.0K | 85% |
| Price per sq ft | $200 | $157 | 81% |
| Built year | 1989 | 1987 | 50% |
| HOA | $370 | $227 | 85% |
| Days on market | 159 | 1084 | 8% |
Nov 14, 2025
$174,900
Initial Listing