5261 Mission Carmel Lane 204, Las Vegas, NV 89107, Las Vegas, 89107 - 2 bed, 2 bath
5261 Mission Carmel Lane 204
Las Vegas, NV 89107
Property Price
SUMMARY
Analysis of 5261 Mission Carmel Lane 204, Las Vegas, NV 89107 is currently available with a list price of $174,900. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone a comprehensive recent renovation that brings it up to modern standards. It features a fully updated kitchen with stainless steel appliances, new cabinetry, and stone countertops. The interior boasts new luxury vinyl plank flooring, fresh paint, and updated bathrooms with contemporary vanities and fixtures. Although built in 1989, the extensive recent updates qualify it for an excellent condition rating.
PROSSTRENGTHS & OPPORTUNITIES
- Recent Renovations
The unit has been newly renovated, offering a modern and move-in-ready interior that appeals to both owner-occupants and investors seeking low immediate maintenance costs.
- Gated Community Security
Situated within a gated community, the property provides an added layer of security and privacy, which is a highly desirable feature for residents in the Las Vegas area.
- Strategic Location
The property is conveniently located near major freeways and shopping centers, ensuring easy commutes and quick access to essential amenities and services.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $370 is relatively high for an 876-square-foot condo, which may impact the buyer's monthly affordability and reduce the net ROI for investors.
- Underperforming School District
The assigned public schools carry low ratings (ranging from 2 to 3), which could deter families with children and potentially limit long-term property appreciation.
About 5261 Mission Carmel Lane 204
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- 8,911 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $370 / Month
Neighborhood Insights
Las Vegas Unified Schools
Red Rock Elementary School
Grades PK-5 • 0.4 mi
Frank F Garside Junior High School
Grades 6-8 • 1.2 mi
Western High School
Grades 9-12 • 0.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 876 | 876 | 50% |
| Lot Size | 8,911 | 1,276 | 79% |
| Price | $174.9K | $107.0K | 83% |
| Price per sq ft | $200 | $151 | 76% |
| Built year | 1989 | 1989 | 50% |
| HOA | $370 | $275 | 79% |
| Days on market | 164 | 382 | 17% |
Pricing History
Listed for Sale
Sep 24, 2025
$174,900
Initial Listing