5261 Mission Carmel Lane 204, Las Vegas, NV 89107, Las Vegas, 89107 - 2 bed, 2 bath
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Las Vegas, NV 89107
This Newly Renovated 2-Bedroom Turnkey Condo is listed at $174,900, offering a stable lifestyle purchase near its $165,522 Fair Market Value. Boasting a Condition Rating of 3, the residence features a fresh interior with new carpeting and paint, providing a move-in ready sanctuary. Situated within a Gated Community featuring a Private Balcony and excellent 95 Freeway Access, the location ensures daily convenience near local shopping. While served by Red Rock Elementary and Western High School, the home’s primary value is its updated interior. This is an ideal match for first-time buyers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5261 Mission Carmel Lane 204 Subject | $174,900* List Price | 2 | 2 | 876 | $189 | - |
A 5220 Mission Carmel Lane 107 Sold | $185,000 List Price | 2 | 2 | 876 | 0.1 mi | |
B 220 Mission Catalina Lane 202 Sold | $185,000 | 2 | 2 | 876 | $211 | 0.1 mi |
C 212 Orland Street 28 Sold | $135,000 | 2 | 1 | 748 | $180 | 0.5 mi |
D 220 Mission Catalina Lane 102 Sold | $128,000 List Price | 2 | 2 | 876 | 0.1 mi | |
E 220 Mission Catalina Lane 102 Sold | $169,900 List Price | 2 | 2 | 876 | 0.1 mi | |
F 5220 Mission Carmel Lane 107 Sold | $141,000 List Price | 2 | 2 | 876 | 0.1 mi | |
G 211 Mission Laguna Lane 205 Active | $184,750 List Price | 2 | 2 | 876 | $211 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and benefits from a recent renovation as noted in the description, featuring new carpeting and fresh paint. While the 1989 construction is evident through older elements like the bathroom shower tile and popcorn ceilings, the overall condition is well-maintained with updated vanity tops and functional systems, making it a turnkey investment or residence.
The unit has been newly renovated, providing a modern and fresh interior that is move-in ready, reducing the need for immediate post-purchase improvements.
Located in a gated community with close proximity to major freeways and shopping centers, offering excellent convenience for commuters and easy access to amenities.
With a competitive price point for a 2-bedroom, 2-bathroom configuration, this property serves as an attractive option for both rental investors and first-time homebuyers.
The monthly HOA fee of $370 is relatively high given the property's price point, which may impact the debt-to-income ratio for buyers and net cash flow for investors.
The assigned public schools carry lower performance ratings (2 and 3 out of 10), which could be a drawback for families and potentially affect long-term appreciation.
Newly renovated 2nd 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 • 1.2 mi
Grades 9-12 • 0.5 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 | 210 | 1084 | 23% |
Sep 24, 2025
$174,900
Initial Listing