
Las Vegas, NV 89108
This Strong Value Opportunity is listed at $400,000, positioned slightly above the $377,773 Fair Market Value. While priced at a premium, the property offers a unique financial advantage through the assumable 3.25% interest rate, significantly lowering long-term borrowing costs. Featuring a Fair Condition Rating with Granite Kitchen countertops and a Covered Back Patio, the home provides a functional layout with a flexible den. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers prioritizing monthly cash flow over immediate equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6216 Mandarin Drive Subject | $400,000* List Price | 2 | 2 | 1,572 | $240 | - |
A 6209 Warm River Road Sold | $379,900 | 3 | 2 | 1,520 | $250 | 0.4 mi |
B 1801 Palo Alto Circle Sold | $380,000 | 4 | 3 | 1,652 | $230 | 0.4 mi |
C 1012 Coral Isle Way Sold | $340,000 | 3 | 3 | 1,552 | $219 | 0.5 mi |
D 1508 Lilac Breeze Circle Sold | $374,000 | 3 | 2 | 1,213 | $308 | 0.2 mi |
E 1712 Rockcrest Drive Sold | $311,300 | 2 | 2 | 1,605 | $194 | 0.3 mi |
F 1608 Crest Haven Avenue Sold | $395,000 | 4 | 2 | 1,522 | $260 | 0.2 mi |
G 6516 Moon Roses Court Sold | $306,100 | 3 | 2 | 1,300 | $235 | 0.6 mi |
H 6378 Canyon Dawn Avenue Sold | $410,000 | 3 | 3 | 1,368 | $300 | 0.3 mi |
I 6224 chinook way Active | $399,000 List Price | 3 | 2 | 1,520 | $263 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1990 (34 years old) and, while well-maintained and move-in ready, features dated oak cabinetry and original-style finishes in the kitchen and bathrooms. Although the HVAC system is excellent (replaced 5 years ago) and granite countertops have been added, the overall age and aesthetic fall into the 'Fair' category as the home would benefit from cosmetic updates.
The rare opportunity for qualified buyers to assume the seller's 3.25% interest rate provides a massive financial advantage and monthly savings in the current high-rate market.
Located in a neighborhood with no homeowners association, this property offers greater freedom for owners and eliminates monthly association dues, lowering the total cost of ownership.
The HVAC system was fully replaced only five years ago and includes a remaining five-year warranty, offering significant peace of mind regarding future maintenance costs.
The property is zoned for schools with low performance ratings, particularly the middle and high schools, which may deter families and impact long-term appreciation.
As a two-bedroom residence, the home may appeal to a smaller pool of buyers compared to the more common three-bedroom configurations found in this price bracket.
Welcome home to this charming single story gem in a desirable Las Vegas neighborhood, offering no HOA and the rare opportunity to assume the seller's existing 3.25% loan for qualified buyers, savings nearly impossible to find in today's market. Step inside to soaring vaulted ceilings that create an open, airy feel throughout and set a warm, welcoming tone from the moment you arrive. The kitchen features gorgeous granite countertops, a solar tube that fills the room with natural light all day, and all appliances included for a truly move in ready experience. Retreat to the spacious primary suite, complete with a full step in shower, double sinks, and an oversized walk in closet with room for even the largest wardrobe. The secondary bedroom is generously sized and comfortable, while the secondary bathroom offers two sinks and a convenient tub/shower combo, perfect for family or guests. A flexible den/office space, with potential to serve as a third bedroom, features elegant double doors opening to the living room plus a second private entry, ideal as a home office, playroom, or quiet guest retreat. The dedicated laundry room includes a sink and ample storage cabinets to keep everything organized. Outside, enjoy a beautifully landscaped yard and a covered back patio, perfect for morning coffee, evening relaxation, or weekend entertaining under the shade. The oversized 2+ car garage offers room for a workbench along with additional storage for tools, bikes, and hobbies. Major systems have already been handled, with the HVAC, including cooling, heating, and venting, fully replaced just 5 years ago and still carrying 5 years remaining warranty, offering wonderful peace of mind for years to come. This exceptional home combines comfort, flexibility, thoughtful updates, and an unbeatable financing advantage all in one. Schedule your private showing today; homes offering this much value, character, and opportunity simply do not stay on the market long.
No exterior & parking available.
Grades PK-5 • 0.4 mi
Grades PK-5 • 0.6 mi
Grades 6-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,572 | 1,961.945 |
| Lot Size | 5,227 | 6,098 |
| Price | $400.0K | $486.0K |
| Price per sq ft | $254 | $259 |
| Built year | 1990 | 2002 |
| HOA | $0 | $83 |
| Days on market | 27 | 62 |
Aug 13, 2026
$400,000
Initial Listing