5265 Caspian Springs Drive 104, Las Vegas, NV 89120, Las Vegas, 89120 - 2 bed, 2 bath
5265 Caspian Springs Drive 104
Las Vegas, NV 89120
Property Price
SUMMARY
Analysis of 5265 Caspian Springs Drive 104, Las Vegas, NV 89120 is currently available with a list price of $185,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
The property is well-maintained and move-in ready with newer hard flooring and a new water heater. However, it is 30 years old and retains original 1994 features, including oak cabinetry, laminate countertops, and older white appliances in the kitchen and bathrooms, which are functional but stylistically outdated.
PROSSTRENGTHS & OPPORTUNITIES
- First-Floor Accessibility
The unit is located on the ground floor, offering convenient entry and eliminating the need for stairs, which is a highly desirable feature for accessibility and ease of moving.
- Move-In Ready Condition
With newer flooring, a new water heater, and all appliances included, the property is in excellent turnkey condition, reducing immediate post-purchase expenses for the buyer.
- Comprehensive Community Amenities
Situated in a gated community, residents have access to premium amenities including multiple pools, a clubhouse, and an exercise room, providing significant lifestyle value.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $357 is relatively high for this price point, which may impact the overall affordability and debt-to-income ratio for potential financing.
- Dated Construction Era
Built in 1994, the property may lack the modern energy efficiency standards and open-concept architectural trends found in newer Las Vegas developments.
About 5265 Caspian Springs Drive 104
Spectacular first-floor condo in a very well-maintained and gated community! This move-in ready two bedroom/two bathroom condo offers comfort, convenience and an ideal location within the community! It features newer flooring, a new water heater and a private balcony - the perfect spot to sip on a morning coffee or evening beverage! Both bedrooms are generously sized, with the primary suite featuring a walk-in closet and an en-suite bath! The kitchen offers ample cabinet space and a breakfast nook/dining area! There's also a separate laundry closet with a washer and dryer. All appliances are included! It comes with an assigned carport spot and there's also plenty of guest parking! The Canyon Willows community features several pools and a clubhouse with an exercise room, and it's conveniently located near shopping, dining, and many other amenities! Come see it today!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1994
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $357 / Month
Neighborhood Insights
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 | 987 | 987 | 50% |
| Lot Size | - | 1,849 | 31% |
| Price | $185.0K | $180.0K | 51% |
| Price per sq ft | $187 | $195 | 41% |
| Built year | 1994 | 1995 | 36% |
| HOA | $357 | $244 | 95% |
| Days on market | 54 | 596 | 2% |
Pricing History
Listed for Sale
Jan 12, 2026
$185,000
Initial Listing
Sold
Feb 22, 1994
$66,000
Public Record