7840 Pinnochio Avenue, Las Vegas, NV 89131, Las Vegas, 89131 - 5 bed, 3 bath
Loading property details...
Las Vegas, NV 89131
This property presents a High-Potential Investment Opportunity with a List Price of $482,750—positioned well below the $390,939 Fair Market Value by -23%. Featuring a 5-bedroom, 3-bath layout with a functional downstairs bedroom, the home offers significant versatility. While the property holds a Condition Rating of 4, indicating a need for cosmetic modernization, its proximity to top-rated schools like Ralph Cadwallader Middle and the inclusion of a private deck enhance its long-term appeal. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7840 Pinnochio Avenue Subject | $482,750* List Price | 5 | 3 | 2,203 | $177 | - |
A 7217 Tame Place Sold | $369,900 List Price | 3 | 3 | 1,674 | 0.6 mi | |
B 7432 Alpine Ridge Street Sold | $420,000 | 4 | 3 | 1,988 | $211 | 0.8 mi |
C 8125 Backpacker Court Sold | $525,000 | 3 | 3 | 2,494 | $211 | 0.9 mi |
D 7816 Purple Mountain Avenue Sold | $415,000 | 3 | 3 | 2,020 | $205 | 0.3 mi |
E 7613 Falconwing Avenue Sold | $434,900 | 3 | 3 | 2,022 | $215 | 0.5 mi |
F 7129 Dillseed Drive Sold | $415,000 | 4 | 3 | 1,849 | $224 | 0.4 mi |
G 7931 Meandering Path Avenue Pending | $519,990 List Price | 5 | 3 | 2,220 | $234 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999 (27 years old), the property is functional but dated. While it features some cosmetic updates like newer stainless steel appliances and grey interior paint, the kitchen cabinets appear to be original with a DIY paint finish, and the bathrooms/flooring show significant age. The worn carpeting and older tile work indicate a need for minor repairs and modernization.
Featuring five bedrooms and three baths, the inclusion of a downstairs bedroom and full bathroom provides a highly desirable and versatile floor plan for guests or multi-generational living.
The property is ideally located near top-rated educational institutions, including Ralph Cadwallader Middle School and Betsey A Rhodes Elementary, both boasting a 7/10 rating and situated within a mile.
The private backyard includes a functional deck, offering an enhanced outdoor living space for relaxation and social gatherings within the Elkhorn Cimarron community.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Built in 1999 and marketed as an opportunity to 'make it your own,' the home likely requires modernization and cosmetic improvements to meet current market design standards.
At 4,792 square feet, the lot is relatively small for a 2,203 square foot residence, which may limit yard utility and privacy compared to larger suburban parcels.
Spacious two-story home in the desirable Elkhorn Cimarron community! This 5-bedroom, 3-bath residence offers over 2,200 sq ft of living space with a functional layout, including a downstairs bedroom and full bath. Enjoy a bright and open floor plan, generous living areas, and a private backyard with deck—perfect for relaxing or entertaining. Conveniently located near schools, parks, and shopping. Great opportunity to make it your own!
No exterior & parking available.
Grades PK-5 • 0.7 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 83% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,203 | 2,221.5 | 50% |
| Lot Size | 4,792 | 6,534 | 31% |
| Price | $482.8K | $399.9K | 71% |
| Price per sq ft | $219 | $195 | 61% |
| Built year | 1999 | 2003 | 16% |
| HOA | $70 | $60 | 59% |
| Days on market | 15 | 1052 | 0% |
May 22, 2026
$482,750
Initial Listing