698 S Racetrack Road 1022, Henderson, NV 89015, Henderson, 89015 - 2 bed, 2 bath
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Henderson, NV 89015
This well-maintained condominium represents a Prime Investment Opportunity with a List Price of $209,500—positioned well below the $240,113 Fair Market Value by 12%. This valuation gap delivers $30,613 in Instant Equity for the incoming owner. Currently holding a Fair Condition rating due to original 1995 finishes, the unit offers significant appreciation potential through interior modernization. Featuring mountain range views, a cozy fireplace, and proximity to a 7-rated elementary school, this is an elite acquisition for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 698 S Racetrack Road 1022 Subject | $209,500* List Price | 2 | 2 | 1,151 | $209 | - |
A 698 S Racetrack Road 1712 Sold | $239,000 List Price | 2 | 2 | 1,151 | 0.0 mi | |
B 698 RACETRACK Road 322 Sold | $225,750 | 3 | 2 | 1,148 | $197 | 0.1 mi |
C 520 ARROWHEAD Trail 1322 Sold | $207,000 | 2 | 2 | 1,019 | $203 | 0.5 mi |
D 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.
Property is moderate renovation needed.
Built in 1995, this property is nearly 30 years old and appears to retain most of its original finishes. The kitchen features dated oak-style cabinetry and laminate countertops, while the living areas and bedrooms have older mauve-colored carpeting. While the unit is well-maintained and functional, it lacks modern updates to the flooring, appliances, and fixtures, placing it squarely in the 'fair' category for its age and lack of recent renovations.
Located in a gated community, this property offers enhanced security and access to premium shared amenities including a pool, spa, and clubhouse, which adds significant lifestyle value.
The 1,151 sq ft floor plan is well-designed with a separate laundry room, a cozy fireplace, and a primary suite featuring a walk-in closet and garden tub, providing more utility than typical two-bedroom condos.
The unit is conveniently situated near major freeway access, shopping, and dining, and is within walking distance of a highly-rated elementary school.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5089, other record lot size in square feet = 2970.
Being an upstairs unit, the property may be less desirable for buyers with mobility concerns or those who prefer the convenience of a ground-level entrance.
While the elementary school is strong, the assigned middle and high schools have lower ratings, which may be a deterrent for families with older children or those focused on long-term resale value.
Well-maintained upstairs condo located in a gated Henderson community featuring pool, spa, and clubhouse amenities. This bright and open 2-bedroom, 2-bath unit offers 1,151 sq ft with separate living and dining areas and a cozy fireplace. Spacious primary suite includes a walk-in closet and large garden tub. Secondary bedroom also offers generous closet space. Enjoy indoor-outdoor living with a private covered balcony. Separate laundry room and ample guest parking. Conveniently located near shopping, dining, parks, and freeway access.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades 6-8 • 2.3 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,151 | 886 | 75% |
| Lot Size | 5,089 | - | 88% |
| Price | $209.5K | $184.5K | 88% |
| Price per sq ft | $182 | $203 | 38% |
| Built year | 1995 | 1993 | 63% |
| HOA | $223 | $185 | 88% |
| Days on market | 62 | 2898 | 13% |
Feb 19, 2026
$209,500
Initial Listing
Jul 21, 1995
$76,500
Public Record