8555 West Russell Road 1017, Las Vegas, NV 89113, Las Vegas, 89113 - 1 bed, 1 bath
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8555 West Russell Road 1017
Las Vegas, NV 89113
ACTIVE
CONDITION: FAIR
1Beds
1Baths
697Sq Ft
0Lot Size
Property Price
LIST PRICE$188,800
EST. MARKET VALUE
$177,143
6% AboveMARKET VALUE
SUMMARY
This One-Bedroom Condominium represents a Strong Value Opportunity, listed at $188,800—positioned above the $177,144 Fair Market Value. While the price reflects a premium, the property offers a Fair Condition Rating with modern Stainless Steel Appliances and a Community Pool and Spa. Located near the 215 Beltway and top-rated schools like Judy & John L Goolsby Elementary, it provides a stable, accessible lifestyle. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a functional, well-located residence in Las Vegas.
Estimated Market Value
$177,143
Based on Realkey algorithm analyzing recent comparable sales in Las Vegas.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2000 (24 years old), the property falls into the 'Fair' category as it is over 20 years old with mostly original features. While the kitchen has been updated with stainless steel appliances, the cabinetry, countertops, and bathroom fixtures remain dated and reflect the original construction style, requiring minor cosmetic updates to be considered modern.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Judy & John L Goolsby Elementary School (9/10).
- Strategic Location
Situated near the 215 Beltway and Durango Drive, the property offers excellent accessibility to shopping, dining, and local entertainment, making it ideal for commuters and active residents.
- Community Amenities
Located within a gated community featuring mature landscaping, a refreshing pool, and a spa, providing a resort-like atmosphere and enhanced security.
CONSRISKS & DEFICIENCIES
- Compact Square Footage
With only 697 square feet of living space, the property may feel restrictive for buyers requiring a home office or additional living area.
- Monthly Carrying Costs
The association fee of $295 per month represents a significant recurring expense relative to the property's size and price point, which may impact overall affordability for some buyers.
About 8555 West Russell Road 1017
Discover an exceptional lifestyle within the beautifully landscaped gated community of Morgyn Ridge. This one-bedroom condo offers comfort and convenience, perfectly situated for vibrant local access. A nice size Livingroom with ceiling fan and long huge closet for storage. Enjoy the surroundings of mature trees and meticulous landscaping. Residents benefit from access to a refreshing community pool and a relaxing spa. The kitchen features SS appliances and a load of cabinets. Its prime location near Russell Rd and Durango, it's moments away from diverse shopping options, a local casino, 215 Beltway, and a range of leisure activities, ensuring a dynamic living experience. Great for first-time buyers or for investors.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2000
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $295 / Month
Neighborhood Insights
Las Vegas Unified Schools
Lucille S Rogers Elementary School
Grades PK-5 • 0.5 mi
8/10
Wayne N Tanaka Elementary School
Grades PK-5 • 1.7 mi
5/10
Frank Kim Elementary School
Grades PK-5 • 1.9 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 697 | 1,059.468 |
| Lot Size | - | 6,055.359 |
| Price | $188.8K | $225.8K |
| Price per sq ft | $271 | $213 |
| Built year | 2000 | 1996 |
| HOA | $295 | $254 |
| Days on market | 41 | 71 |
Pricing History
Listed for Sale
Jul 30, 2026
$188,800
Initial Listing