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150 Las Vegas Blvd N UNIT 1904
Las Vegas, NV

150 Las Vegas Blvd N UNIT 1904

$295,000
1 bd • 2 ba • 963 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$295,000

Price/Sq.Ft

$306

Year Built

2007

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This property excels with its prime location at 150 Las Vegas Blvd N, putting it right in the heart of downtown Las Vegas. The unit's price of $295,000 translates to $306.33/sqft, which is significantly below the average price for downtown Las Vegas condos (typically $400-$500/sqft). Built in 2007, it's relatively new and features modern amenities. The property has appreciated 18% since its last sale in 2021 ($265,900), outperforming the general Las Vegas market. The Ogden's amenities, including a fitness center, resident lounge, roof-top pool & spa, and sky deck, add substantial value. The unit's balcony with unobstructed city and mountain views is a standout feature. Climate risk is minimal for flood (1/10) and fire (1/10), which is excellent for the area.

The Bad

At 963 sqft, the unit is smaller than the average one-bedroom condo in downtown Las Vegas (typically 1,000-1,200 sqft). The HOA fees, while including many services, are not specified and could be substantial given the amenities offered. The severe heat risk (8/10) is a concern, potentially leading to high cooling costs during summer months. The property has been on and off the market several times since 2019, suggesting possible challenges in selling. The local schools have average ratings (5-6/10), which may deter families with children.

The Ugly

The property's location in a tourism-dependent area makes it vulnerable to economic volatility. The median income of the area ($31,175) is significantly lower than what would typically be required for this property, potentially limiting the buyer pool. Air quality risk is moderate (4/10), which could be a health concern for some buyers. The frequent price changes and listing removals in its history (8 price changes between 2015-2024) suggest market instability or potential issues with the property. The extreme heat risk (8/10) could lead to accelerated wear on the HVAC system and higher energy costs.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is ideal for young professionals or couples with a household income of at least $100,000, based on the purchase price and potential HOA fees. It's perfect for those seeking an urban lifestyle with easy access to downtown amenities and entertainment. Investors looking for short-term rentals could benefit from the property's location and amenities, potentially commanding nightly rates of $150-$200 during peak seasons. The property would also suit part-time residents or those looking for a pied-à-terre in Las Vegas, given its lock-and-leave convenience and building security.

Not For

This property is not suitable for families with children, given its one-bedroom layout and average local school ratings. It's also not ideal for buyers seeking a quiet, suburban environment away from the hustle of downtown. Those with respiratory issues might be concerned about the moderate air quality risk. Investors looking for low-maintenance, high-yield properties might find the potential HOA fees and market volatility challenging. First-time homebuyers or those with incomes below $75,000 may struggle with affordability, considering the purchase price and additional costs.
Demographics
Area Median Income

$31,175

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Risk Assessment

Climate Risks

heatSEVERE

7 extreme heat days per year

98th percentile: 107°F

airMODERATE

4 bad air quality days per year

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

fireMINIMAL

Insurance: Optional

windMINIMAL

Insurance: Optional

Risk Analysis

The severe heat risk (8/10) could lead to higher-than-average energy costs and potential HVAC system strain. The property's value may be subject to volatility due to its location in a tourism-dependent economy. Future special assessments for building maintenance or upgrades could be a financial risk, given the extensive amenities. The moderate air quality risk (4/10) may worsen over time, potentially impacting livability and property value. The frequent price changes in the property's history suggest potential market instability or hidden issues. Long-term appreciation may be limited by the condo market's typically slower growth compared to single-family homes.
Insurance
Annual Cost

$1,062

$89 per month

Financials

Monthly Costs
Market Rent (1 bed)

$1,212

Get a detailed rental estimate on Zillow®
HOA Fee

$539

Price History

Property Taxes

$2,015
2024 Tax Assessment
8.0%from previous year
Assessed Value$112,194
Tax Rate1.80%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$246,000

-16.6% below list price

Median Price

$240,000

Based on 6 recent sales

Price per Sq.Ft

$268

Comparable Properties

150 Las Vegas Boulevard #2303, Las Vegas, NV 89101
Price: $284,000
Sq.Ft: 963
Beds/Baths: 1/2
$/Sq.Ft:
$2953.7%
Sale Date: 11/20/2024
213 N 18th Street #A, Las Vegas, NV 89101
Price: $199,000
Sq.Ft: 930
Beds/Baths: 2/2
$/Sq.Ft:
$21430.1%
Sale Date: 11/8/2024
216 N Bruce Street #A, Las Vegas, NV 89101
Price: $183,000
Sq.Ft: 930
Beds/Baths: 2/2
$/Sq.Ft:
$19735.8%
Sale Date: 9/10/2024
410 N 8th Street, Las Vegas, NV 89101
Price: $240,000
Sq.Ft: 891
Beds/Baths: 2/1
$/Sq.Ft:
$26912.1%
Sale Date: 12/12/2024
1135 Chapman Drive, Las Vegas, NV 89104
Price: $240,000
Sq.Ft: 924
Beds/Baths: 2/1
$/Sq.Ft:
$26015.2%
Sale Date: 10/31/2024
353 E Bonneville Avenue #305, Las Vegas, NV 89101
Price: $330,000
Sq.Ft: 884
Beds/Baths: 1/1
$/Sq.Ft:
$37321.9%
Sale Date: 9/9/2024

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