8531 Shelly Road, Las Vegas, NV 89123, Las Vegas, 89123 - 5 bed, 3 bath
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Las Vegas, NV 89123
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $550,000—positioned well below the $567,868 Fair Market Value by 3%. This valuation gap offers $17,868 in Instant Equity for the buyer. Featuring an in-ground pool, covered patio, and a versatile 5-bedroom layout, the home maintains a Condition Rating of 3. While the solar is leased, the property offers immediate functionality for Owner-Occupants or Buy-and-Hold Investors seeking a move-in ready asset with significant lifestyle appeal.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8531 Shelly Road Subject | $550,000* List Price | 5 | 3 | 2,177 | $261 | - |
A 8938 Termoli Street Sold | $525,000 | 5 | 3 | 2,288 | $229 | 0.6 mi |
B 145 Desert Rock Drive Sold | $650,000 | 4 | 4 | 2,577 | $252 | 1.0 mi |
C 8215 Flanders Terrace Drive Sold | $628,000 | 4 | 3 | 2,287 | $275 | 0.5 mi |
D 8623 Tiverton Road Sold | $435,000 | 4 | 3 | 1,718 | $253 | 0.2 mi |
E 8865 Windsor Hill Way Sold | $480,000 | 3 | 3 | 1,904 | $252 | 0.8 mi |
F 428 Paulson Drive Sold | $429,900 List Price | 4 | 2 | 1,627 | 0.0 mi | |
G 861 Centaur Avenue Sold | $585,000 List Price | 5 | 3 | 2,455 | 1.0 mi | |
H 315 Barletta Avenue Sold | $520,000 | 3 | 2 | 1,995 | $261 | 0.6 mi |
I 8611 Bolin Court Active | $599,999 List Price | 4 | 3 | 2,177 | $276 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1994 (30 years old), the property is well-maintained and features key updates that elevate it above 'fair' condition. Notable improvements include new windows, stainless steel appliances, and modern LVP flooring throughout the main living areas. While the kitchen and bathroom cabinetry and tile work are dated, the home is move-in ready and functional with a clean interior and exterior.
The property features a private in-ground pool and a covered patio, offering a premium outdoor entertainment space that is highly sought after in the Las Vegas market.
With five bedrooms, a three-car garage, and a convenient downstairs bedroom and full bath, the floor plan is ideal for multi-generational living or large families.
The installation of new windows and stainless steel appliances provides immediate value and helps reduce utility costs and future maintenance needs.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The solar panels are leased rather than owned, which requires the buyer to assume a long-term contract and may complicate the financing process.
Built in 1994, the home may soon require significant capital expenditures for aging infrastructure such as the roof or pool equipment if they have not been recently updated.
Lovely 5 Bed 3 Bath 3 Car Garage home in Crystal Springs featuring an in-ground pool, covered patio, bed & bath downstairs, new windows, leased solar, SS appliances, oversized bedroom/great room upstairs. This will not last long!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,177 | - |
| Lot Size | 6,970 | - |
| Price | $550.0K | $474.8K |
| Price per sq ft | $253 | $257 |
| Built year | 1994 | 0 |
| HOA | $40 | $0 |
| Days on market | 22 | 526 |
Jun 30, 2026
$550,000
Initial Listing