5531 Nickel Ridge Way, Las Vegas, NV 89122, Las Vegas, 89122 - 4 bed, 3 bath
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5531 Nickel Ridge Way
Las Vegas, NV 89122
ACTIVE
CONDITION: GOOD
4Beds
3Baths
1,800Sq Ft
3,049Lot Size
Property Price
LIST PRICE$389,000
EST. MARKET VALUE
$384,348
SUMMARY
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $389,000—positioned slightly above the $384,349 Fair Market Value. While the price reflects current market stability, the property offers a Good Condition Rating with modern wood-style flooring and updated stone bathroom counters. Residents enjoy a lifestyle-focused community with an in-ground pool, spa, and basketball court. Despite the compact 0.07-acre lot, the functional four-bedroom layout provides significant utility. This home is an ideal acquisition for first-time buyers or growing families seeking a move-in ready home.
Estimated Market Value
$384,348
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 |
|---|---|---|---|---|---|---|
★ 5531 Nickel Ridge Way Subject | $389,000* List Price | 4 | 3 | 1,800 | $214 | - |
A 6853 Gold Nugget Drive Sold | $374,000 | 3 | 3 | 1,801 | $208 | 0.1 mi |
B 5506 Nickel Ridge Way Sold | $390,000 | 3 | 3 | 1,800 | $217 | 0.0 mi |
C 5421 Nickel Creek Trail Sold | $340,000 | 3 | 3 | 1,362 | $250 | 0.3 mi |
D 6299 Felicitas Avenue Sold | $346,000 | 4 | 3 | 1,738 | $199 | 0.9 mi |
E 6416 Alderlyn Avenue Sold | $410,000 | 3 | 3 | 1,853 | $221 | 0.9 mi |
F 4959 Copperlyn Street Sold | $410,000 | 4 | 3 | 1,882 | $218 | 1.0 mi |
G 5512 Silent Springs Drive Sold | $385,000 | 3 | 3 | 2,173 | $177 | 0.5 mi |
H 6685 Mojave Blush Drive Sold | $375,000 | 3 | 3 | 1,484 | $253 | 0.4 mi |
I 5448 Raccoon Valley Lane Active | $385,000 List Price | 4 | 3 | 1,800 | $214 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2005 (21 years old), the property falls into the 'Good' category due to clear evidence of maintenance and interior updates. The home features modern wood-style laminate flooring, updated paint, and stone counters in the bathrooms, making it move-in ready. While the kitchen tile countertops are original to the era, the overall condition is well-maintained and functional.
PROSSTRENGTHS & OPPORTUNITIES
- Spacious Family Layout
With four bedrooms and three bathrooms across 1,801 square feet, this home offers a highly functional floor plan suitable for growing families or multi-generational living.
- Extensive Community Amenities
Residents benefit from a robust suite of amenities including an in-ground pool, spa, playground, and basketball court, enhancing the overall lifestyle and property appeal.
- Modern Interior Finishes
The interior features contemporary wood-style flooring, white cabinetry, and stone bathroom counters, providing a clean and updated aesthetic that is move-in ready.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Limited Lot Size
Situated on a 0.07-acre lot, the outdoor space is relatively compact, which may be a drawback for buyers seeking a large private yard or significant gardening space.
- Low School Ratings
The property is zoned for schools with ratings between 2 and 3, which could impact long-term resale value and appeal to education-focused families.
About 5531 Nickel Ridge Way
This two-story residence encompasses 1,801 square feet of living space, complete with central air conditioning and a private garage. The kitchen features white cabinetry, tile countertops, laminate flooring, and a microwave, with sliding glass doors opening to the rear yard. The living space features wood-style flooring and a ceiling fan. The home accommodates four bedrooms, two full bathrooms, and one powder room. A laundry room offers built-in features, vinyl flooring, and blinds, while the bathrooms are finished with double vanities, stone counters, and tile flooring. Outside, the private yard is enclosed by brick and wrought iron. A brick paver patio and lawn complete the grounds of this 0.07-acre property. Residents also enjoy community amenities, including an in-ground pool, spa, playground, park, and basketball court.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2005
- Lot Size
- 3,049 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $146 / Month
Neighborhood Insights
Las Vegas Unified Schools
Edna F Hinman Elementary School
Grades PK-5 • 2.1 mi
3/10
Francis H Cortney Junior High School
Grades 6-8 • 2.1 mi
2/10
Basic Academy
Grades 9-12 • 5.0 mi
3/10
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 | 1,800 | 1,961.945 |
| Lot Size | 3,049 | 6,098 |
| Price | $389.0K | $486.0K |
| Price per sq ft | $216 | $259 |
| Built year | 2005 | 2002 |
| HOA | $146 | $83 |
| Days on market | 22 | 62 |
Pricing History
Listed for Sale
Aug 18, 2026
$389,000
Initial Listing