698 South Racetrack Road 1512, Henderson, NV 89015, Henderson, 89015 - 2 bed, 2 bath
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698 South Racetrack Road 1512
Henderson, NV 89015
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,151Sq Ft
5,039Lot Size
Property Price
LIST PRICE$228,888
EST. MARKET VALUE
$210,726
8% AboveMARKET VALUE
SUMMARY
This ground-level condo presents a Strong Value Opportunity with a List Price of $228,888—positioned well above the $210,727 Fair Market Value by 8%. While the property requires modernization due to its Condition Rating of 4, it offers a functional layout with Resort-Style Amenities including a pool and spa. The unit provides a low-maintenance lifestyle in a gated community, making it a stable asset for Buy-and-Hold Investors or first-time buyers seeking an affordable entry point into the Henderson market.
Estimated Market Value
$210,726
Based on Realkey algorithm analyzing recent comparable sales in Henderson.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 698 South Racetrack Road 1512 Subject | $228,888* List Price | 2 | 2 | 1,151 | $183 | - |
A 698 S Racetrack Road 1022 Sold | $200,000 | 2 | 2 | 1,151 | $174 | 0.0 mi |
B 698 S Racetrack Road 1712 Sold | $239,000 List Price | 2 | 2 | 1,151 | 0.0 mi | |
C 698 S Racetrack Road 713 Sold | $216,000 | 2 | 2 | 1,151 | $188 | 0.1 mi |
D 520 Arrowhead Trail 1314 Sold | $195,000 | 2 | 2 | 1,019 | $191 | 0.5 mi |
E 698 S Racetrack Road 1621 Pending | $244,900 List Price | 2 | 2 | 1,151 | $213 | 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 1995 (29 years old), the property is dated with original-style bathroom tiling and fixtures. While it features some newer laminate flooring and appears well-maintained, the kitchen and baths require modernization to meet current standards, and systems are approaching the end of their typical lifecycle.
PROSSTRENGTHS & OPPORTUNITIES
- Ground-Level Accessibility
The single-story, ground-floor layout eliminates the need for stairs, providing excellent accessibility and convenience for residents with mobility concerns or those seeking easy move-in access.
- Resort-Style Amenities
Situated within a gated community, the property offers enhanced security and access to premium amenities including a clubhouse, sparkling pool, and spa, fostering a high-quality lifestyle.
- Competitive Value
Priced at $228,888 for a 2-bedroom, 2-bathroom unit in Henderson, this property represents an affordable entry point for first-time buyers or a turnkey opportunity for investors.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5039, other record lot size in square feet = 2970.
- Mixed School Ratings
While the elementary school is highly rated, the assigned middle and high schools have lower performance scores, which may be a drawback for families prioritizing long-term educational consistency.
- Potential for Modernization
Built in 1995 with no mention of recent renovations, the interior may require additional capital investment for cosmetic updates or appliance upgrades to compete with newer market inventory.
About 698 South Racetrack Road 1512
Welcome home to this inviting 2-bedroom, 2-bath ground-level condo located in a gated community with resort-style amenities! Enjoy the convenience of single-level living with no stairs, making everyday living and coming and going a breeze. The functional floor plan offers comfortable living spaces, two well-sized bedrooms, and two full bathrooms—perfect for a primary residence, second home, or investment opportunity. Step outside and enjoy everything the community has to offer, including a clubhouse, sparkling pool, and relaxing spa area. With the added privacy of a gated entrance and the convenience of a first-floor location, this condo offers an easy, low-maintenance lifestyle. Come see what makes this ground-level condo a great place to call home!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1995
- Lot Size
- 5,039 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $223 / Month
Neighborhood Insights
Henderson Unified Schools
Sue H Morrow Elementary School
Grades PK-5 • 0.4 mi
7/10
B Mahlon Brown Junior High School
Grades 6-8 • 2.3 mi
4/10
Basic Academy
Grades 9-12 • 1.3 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,151 | 1,151.889 |
| Lot Size | 5,039 | 5,607.667 |
| Price | $228.9K | $268.4K |
| Price per sq ft | $199 | $230 |
| Built year | 1995 | 1998 |
| HOA | $223 | $290 |
| Days on market | 20 | 90 |
Pricing History
Listed for Sale
Aug 20, 2026
$228,888
Initial Listing
Sold
Aug 9, 1995
$77,000
Public Record