5279 Shreve Avenue, Las Vegas, NV 89156, Las Vegas, 89156 - 4 bed, 3 bath
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5279 Shreve Avenue
Las Vegas, NV 89156
ACTIVE
CONDITION: FAIR
4Beds
3Baths
1,343Sq Ft
2,178Lot Size
Property Price
LIST PRICE$325,000
EST. MARKET VALUE
$308,760
5% AboveMARKET VALUE
SUMMARY
This 4-bedroom, 3-bathroom single-family residence represents a Strong Value Opportunity, listed at a List Price of $325,000—positioned well above the $308,760 Fair Market Value by 5%. While the property requires minor cosmetic updates to its Condition Rating of 4, the gated community setting and proximity to Martin Luther King Jr Elementary offer significant lifestyle stability. This home provides a functional layout for families seeking a secure environment. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers looking to build long-term value through personalization.
Estimated Market Value
$308,760
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5279 Shreve Avenue Subject | $325,000* List Price | 4 | 3 | 1,343 | $230 | - |
A 5228 Starter Avenue Sold | $325,000 | 4 | 3 | 1,343 | $242 | 0.1 mi |
B 5148 Bellaria Place Sold | $325,000 | 4 | 3 | 1,447 | $225 | 0.2 mi |
C 5218 Shreve Avenue Sold | $255,000 | 2 | 2 | 868 | $294 | 0.1 mi |
D 5285 Shreve Avenue Pending | $319,999 List Price | 4 | 3 | 1,343 | $238 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2005, the property is 21 years old, placing it just past the 'Good' threshold. While functional and move-in ready, the interior features dated oak cabinetry and standard finishes from the original construction year, indicating a need for minor cosmetic updates to the kitchen and bathrooms.
PROSSTRENGTHS & OPPORTUNITIES
- Gated Community Security
Situated within the Wexford 3 gated community, this property offers enhanced privacy and a secure environment, which is a significant draw for safety-conscious families and investors.
- Efficient Multi-Bedroom Layout
The home features a highly functional 4-bedroom, 3-bathroom configuration within 1,343 square feet, providing excellent versatility for large families or remote work setups.
- Prime Elementary Proximity
Located just 0.1 miles from Martin Luther King Jr Elementary School, the property offers exceptional convenience for parents, significantly reducing daily commute times for young students.
CONSRISKS & DEFICIENCIES
- Limited Lot Size
The modest 2,178 square foot lot provides very little outdoor space or yard area, which may be a disadvantage for buyers looking for private recreational space or gardening opportunities.
- Underperforming School District
The assigned middle and high schools have low performance ratings (3 and 2 respectively), which could potentially impact the property's long-term appreciation and appeal to education-focused buyers.
About 5279 Shreve Avenue
Spacious two-story, 4-bedroom home located in a gated community. The home features a large kitchen with a breakfast counter and a generous dining area.the spacious layout offers comfort and flexibility for families, guests, or a home office. Bedrooms are generously sized, including a comfortable primary suite with ample closet space. Conveniently situated near schools, parks, shopping centers, restaurants,
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2005
- Lot Size
- 2,178 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $105 / Month
Neighborhood Insights
Las Vegas Unified Schools
Martin Luther King Jr Elementary School
Grades PK-5 • 0.1 mi
3/10
Dr. William (Bob) H Bailey Middle School
Grades 6-8 • 1.8 mi
3/10
Sunrise Mountain High School
Grades 9-12 • 2.2 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,343 | 1,961.945 |
| Lot Size | 2,178 | 6,098 |
| Price | $325.0K | $486.0K |
| Price per sq ft | $242 | $259 |
| Built year | 2005 | 2002 |
| HOA | $105 | $83 |
| Days on market | 12 | 62 |
Pricing History
Listed for Sale
Aug 28, 2026
$325,000
Initial Listing