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 Strong Value Opportunity is a 2-bedroom, 2-bathroom condominium listed at $166,900—positioned well below the $178,471 Fair Market Value by 6%. This valuation gap provides $11,571 in Instant Equity. Featuring a Condition Rating of 3, the unit is newly renovated and move-in ready, offering a functional layout with a private balcony. While school ratings in the area are modest, the property’s gated security and proximity to major freeways make it an ideal acquisition 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 |
|---|---|---|---|---|---|---|
★ 5261 Mission Carmel Lane 204 Subject | $166,900* List Price | 2 | 2 | 876 | $204 | - |
A 212 Orland Street 28 Sold | $135,000 | 2 | 1 | 748 | $180 | 0.5 mi |
B 220 MISSION NEWPORT Lane 106 Sold | $122,000 | 1 | 1 | 660 | $185 | 0.1 mi |
C 220 MISSION NEWPORT Lane 203 Sold | $122,000 | 1 | 1 | 660 | $185 | 0.1 mi |
D 220 MISSION NEWPORT Lane 203 Sold | $122,000 | 1 | 1 | 660 | $185 | 0.1 mi |
E 220 Mission Newport Lane 106 Sold | $122,000 | 1 | 1 | 660 | $185 | 0.1 mi |
F 220 Mission Newport Lane 203 Sold | $122,000 | 1 | 1 | 660 | $185 | 0.1 mi |
G 212 Orland Street 28 Sold | $118,800 List Price | 2 | 1 | 748 | 0.5 mi | |
H 5251 Mission Carmel Lane 208 Pending | $125,999 List Price | 2 | 2 | 876 | $144 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1989, the property is listed as newly renovated with visible updates including fresh paint and new carpeting. The unit appears well-maintained and move-in ready, though some elements like the bathroom tile and popcorn ceilings remain dated.
The unit has been newly renovated, offering a modern and updated living space that is move-in ready for owner-occupants or immediate rental for investors.
Situated in a gated community with convenient access to major freeways and shopping centers, providing both enhanced security and urban accessibility.
With a competitive list price under $170,000 and a functional 2-bedroom, 2-bathroom layout, this property represents an affordable entry point into the Las Vegas market.
The monthly HOA fee of $370 is relatively high compared to the property's price point, which may impact the overall monthly affordability and net rental yield.
The assigned public schools for this address have low ratings (2 and 3 out of 10), which could deter families and potentially affect long-term appreciation.
Newly renovated 2 bedroom 2 bath, 2nd floor unit with balcony in gated community conveniently located close to major freeways 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 |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 876 | - |
| Lot Size | 8,911 | - |
| Price | $166.9K | $217.2K |
| Price per sq ft | $191 | $219 |
| Built year | 1989 | 0 |
| HOA | $370 | $0 |
| Days on market | 21 | 828 |
Jul 1, 2026
$166,900
Initial Listing