8501 W University Avenue 1057, Las Vegas, NV 89147, Las Vegas, 89147 - 2 bed, 2 bath
8501 W University Avenue 1057
Las Vegas, NV 89147
Property Price
SUMMARY
Analysis of 8501 W University Avenue 1057, Las Vegas, NV 89147 is currently available with a list price of $245,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Las Vegas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1999, this 25-year-old property is well-maintained and move-in ready but lacks evidence of recent major renovations. The kitchen and bathrooms feature styles consistent with the original construction era, and the property analysis highlights aging infrastructure. It fits the 'fair' criteria as an aged home that is functional but shows signs of being outdated and would benefit from cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Resort-Style Amenities
The Fiesta Condo community offers a comprehensive amenity package including a pool, spa, fitness center, and clubhouse, providing residents with a high-value lifestyle.
- Prime Unit Positioning
Tucked away at the back of the community, this unit offers a peaceful and tranquil setting with the added convenience of a covered parking space located directly in front.
- Competitive HOA Fees
At $200 per month, the association fee is notably affordable for a Las Vegas community that includes extensive resort-style facilities and exterior maintenance.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4967, other record lot size in square feet = 2260.
- Compact Living Space
With 890 square feet for a two-bedroom configuration, the interior may feel restrictive for buyers seeking more spacious living areas or larger bedrooms.
- Aging Infrastructure
Built in 1999, the property is approaching a 30-year lifecycle, which may necessitate upcoming capital improvements or interior modernizations to remain competitive.
About 8501 W University Avenue 1057
Welcome to condo paradise! This beautiful 2-bedroom, 2-bathroom home features an open-concept layout that offers a spacious and comfortable living area. Tucked away toward the back of the community, the unit enjoys a peaceful, tranquil setting. A covered parking space is conveniently located right in front of the unit. The well-maintained HOA offers resort-style amenities including a pool, spa, fitness center, clubhouse, and more. Enjoy easy living in a quiet, desirable neighborhood.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1999
- Lot Size
- 4,967 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $200 / Month
Neighborhood Insights
Las Vegas Unified Schools
Roger M Bryan Elementary School
Grades PK-5 • 0.8 mi
Clifford J Lawrence Junior High School
Grades 6-8 • 0.5 mi
Spring Valley High School
Grades 9-12 • 1.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 890 | 1,023 | 14% |
| Lot Size | 4,967 | 1,068 | 68% |
| Price | $245.0K | $227.2K | 60% |
| Price per sq ft | $275 | $233 | 93% |
| Built year | 1999 | 1999 | 50% |
| HOA | $200 | $230 | 42% |
| Days on market | 52 | 252 | 3% |
Pricing History
Listed for Sale
Jan 14, 2026
$245,000
Initial Listing