5855 Valley Drive 2088, North Las Vegas, NV 89031, North Las Vegas, 89031 - 2 bed, 2 bath
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North Las Vegas, NV 89031
This Move-In Ready Condominium is a Prime Investment Opportunity, listed at $250,000—positioned well below the $256,424 Fair Market Value by 2%. This valuation gap offers $6,424 in Instant Equity for the buyer. Featuring a Good Condition Rating with fresh interior paint and a functional 1,059 sqft layout, the property provides immediate utility. While school ratings are moderate, the low HOA fee and accessible price point make this an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a stable, low-maintenance asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5855 Valley Drive 2088 Subject | $243,000* List Price | 2 | 2 | 1,059 | $229 | - |
A 5855 Valley Drive 2092 Active | $275,000 List Price | 2 | 2 | 1,073 | $256 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004, this 20-year-old property falls within the 'Good' range. It is well-maintained and move-in ready, featuring fresh interior paint and clean flooring. While the bathroom cabinetry and fixtures appear to be original and slightly dated, the overall condition is functional with no immediate maintenance or structural issues apparent.
The property features fresh interior paint and a cohesive design, providing a refreshed and inviting atmosphere that allows for immediate occupancy without the need for initial renovations.
With a well-proportioned 1,059 sqft layout, two full bathrooms, and a cozy fireplace, the property offers a practical and comfortable environment for everyday living.
Priced competitively at $250,000 with a manageable HOA fee of $215, this condo represents an accessible opportunity for first-time homebuyers or investors in the North Las Vegas market.
The assigned high school and elementary schools carry lower performance ratings (4/10), which may be a drawback for families prioritizing top-tier educational facilities.
As a condominium unit, the property lacks private yard space and is subject to HOA regulations, which may limit appeal for buyers seeking more autonomy or outdoor area.
Imagine 5855 Valley Dr, where fresh interior paint creates a refreshed and inviting atmosphere, complemented by a comfortable fireplace that forms a central point for everyday relaxation. This property presents a cohesive design, emphasizing comfort and functionality through its updated elements, ensuring a consistent quality throughout for practical living. A perfect blend of fresh appeal and everyday warmth awaits.
No exterior & parking available.
Grades PK-5 • 1.1 mi
Grades PK-5 • 1.4 mi
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,059 | - |
| Lot Size | 9,212 | - |
| Price | $243.0K | $300.0K |
| Price per sq ft | $229 | $219 |
| Built year | 2004 | 0 |
| HOA | $215 | $0 |
| Days on market | 75 | 2285 |
Jul 10, 2026
$243,000
$248,000
-2% Price Drop
Initial Listing
Jun 7, 2026
$248,000
$250,000
-1% Price Drop
Initial Listing
May 8, 2026
$250,000
Initial Listing