5531 Megan Faye Street, North Las Vegas, NV 89031, North Las Vegas, 89031 - 4 bed, 3 bath
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5531 Megan Faye Street
North Las Vegas, NV 89031
ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,419Sq Ft
6,098Lot Size
Property Price
LIST PRICE$449,000
EST. MARKET VALUE
$448,007
SUMMARY
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $449,000—positioned well below the $448,008 Fair Market Value by a negligible margin, reflecting a stable, market-aligned price. The property maintains a Condition Rating of 4, offering a solid, move-in ready foundation with potential for cosmetic updates to the original cabinetry and finishes. While the local school district presents lower performance ratings, the home’s open-concept layout and 2,419 sqft footprint provide significant utility. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a functional, well-maintained home.
Estimated Market Value
$448,007
Based on Realkey algorithm analyzing recent comparable sales in North Las Vegas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5531 Megan Faye Street Subject | $449,000* List Price | 4 | 3 | 2,419 | $185 | - |
A 5929 Ferrell Street Sold | $485,000 | 4 | 3 | 2,283 | $212 | 0.5 mi |
B 5442 Iberville Street Sold | $425,500 | 4 | 3 | 1,924 | $221 | 0.2 mi |
C 4127 Cannondale Avenue Sold | $465,000 | 4 | 2 | 2,179 | $213 | 0.5 mi |
D 3418 Ocatillo Mesa Way Sold | $455,000 | 4 | 3 | 2,222 | $205 | 0.6 mi |
E 3125 Macaroon Way Sold | $395,000 | 4 | 3 | 1,842 | $214 | 0.5 mi |
F 6118 Highland Gardens Drive Sold | $400,000 | 4 | 3 | 1,946 | $206 | 0.7 mi |
G 5220 Giallo Vista Court Sold | $415,000 | 3 | 3 | 2,008 | $207 | 0.7 mi |
H 2422 Island Paradise Avenue Sold | $435,000 | 4 | 4 | 2,904 | $150 | 0.8 mi |
I 3405 Tara Leigh Avenue Active | $497,500 List Price | 4 | 2 | 2,419 | $206 | 0.1 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 2004, the property is 22 years old and appears to have original finishes. While the home is well-maintained and move-in ready, the kitchen and bathrooms feature dated oak cabinetry and tile countertops, fitting the criteria for a property over 20 years old needing cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Spacious Open-Concept Design
With 2,419 square feet and a seamless flow between the living, dining, and kitchen areas, this home offers an ideal layout for both modern family living and entertaining.
- Move-In Ready Condition
The property is presented as a well-maintained, move-in ready residence, allowing buyers to transition quickly without the immediate need for renovations or upgrades.
- Primary Suite Amenities
The upstairs primary suite provides a high level of functionality and comfort, featuring a generous walk-in closet and an en-suite bathroom with dual vanities.
CONSRISKS & DEFICIENCIES
- Underperforming School District
The assigned elementary and high schools have low performance ratings (3/10 and 2/10), which may impact the property's appeal to families and long-term resale value.
- Unfinished Backyard
The backyard is described as needing a 'personal touch,' implying that the buyer will likely need to invest additional capital into landscaping and outdoor improvements.
About 5531 Megan Faye Street
Welcome to this stunning 4-bedroom, 2.5-bathroom home located in a highly sought-after neighborhood. The bright, open-concept main level offers a seamless flow between the living room, dining space, and a well equipped kitchen, perfect for daily living and entertaining. Upstairs, the spacious primary suite features a walk-in closet and an en-suite bathroom with dual vanities. Three additional bedrooms provide plenty of room for family, guests, or a home office. Step outside to a private backyard ready for your personal touch. Conveniently located just minutes from local parks and major shopping centers. This move-in ready home has it all!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2004
- Lot Size
- 6,098 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $94 / Month
Neighborhood Insights
North Las Vegas Unified Schools
Eva Wolfe Elementary School
Grades PK-5 • 0.6 mi
3/10
Addeliar Guy Elementary School
Grades PK-5 • 0.8 mi
5/10
Lied Middle School
Grades 6-8 • 1.6 mi
6/10
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 | 2,419 | 1,858.367 |
| Lot Size | 6,098 | 5,663 |
| Price | $449.0K | $431.0K |
| Price per sq ft | $186 | $230 |
| Built year | 2004 | 2005 |
| HOA | $94 | $69 |
| Days on market | 7 | 61 |
Pricing History
Listed for Sale
Sep 2, 2026
$449,000
Initial Listing