Score
0Henderson, NV
491 Kristin Ln
259K
3 beds
2 baths
1,376 sqft
3 bd • 2 ba • 1,376 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$259,000
Price/Sq.Ft
$188
Year Built
1984
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This fully remodeled corner unit townhome in Henderson offers exceptional value at $188.23/sqft, which is approximately 20% below the median price of $235/sqft for similar properties in the area. The property boasts high-end upgrades, including a stunning 20ft vaulted ceiling in the living room, brand new white shaker cabinets with calacatta quartz countertops, and luxury vinyl flooring throughout. The recent renovations, estimated at $30,000-$40,000 in value, include upgraded bathrooms with Alto Bianca porcelain tile and a new glass walk-in shower. Energy-efficient features like the tankless water heater can lead to 20-30% savings on utility bills. The property's flood risk score of 1/10 is significantly better than the area average, potentially resulting in lower insurance premiums. With 3 bedrooms and 2 baths in 1,376 sqft, it offers 15% more space than the average 2-bedroom townhome in the area (typically around 1,200 sqft). The property has appreciated 72.7% since its last sale in October 2024, outperforming the market average of 45% for the same period.
The Bad
The property's age (built in 1984) may lead to higher maintenance costs in the coming years, despite the recent renovations. The fire risk score of 6/10 is concerning and could result in higher insurance premiums, potentially 10-15% above average. The heat risk score of 8/10 is severe, which could lead to increased cooling costs during summer months, estimated at an additional $100-$150 per month. The local schools have below-average ratings (Edna F Hinman Elementary School rated 1/10, Lyal Burkholder Junior High School 4/10, and Basic Academy of Int'l Studies High School 3/10), which may impact long-term property value appreciation. The property has been on and off the market several times in the past year, with multiple price changes, suggesting potential challenges in selling.
The Ugly
The extreme price volatility in the property's history is concerning. It sold for just $41,000 in 2009 (during the financial crisis) and has since experienced wild swings in value. This level of volatility (over 500% increase since 2009) suggests high market sensitivity and potential for significant drops in economic downturns. The severe heat risk (8/10) combined with the property's age could necessitate HVAC system upgrades in the near future, potentially costing $5,000-$8,000. The low school ratings in the area (average 2.67/10) could significantly impact future resale value and limit the buyer pool. The HOA fees, while including some utilities, are not fully disclosed and could be subject to increases, potentially impacting affordability. The property's days on market (4) and recent price reductions suggest possible overpricing or market resistance, which could lead to further price negotiations or extended selling time.
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 best suited for first-time homebuyers or young professionals with a household income of $70,000-$80,000, based on the median income of $81,736 in the area and estimated monthly costs. It's ideal for those prioritizing modern finishes and energy efficiency, as the recent renovations and tankless water heater provide these benefits. Investors looking for short-term rentals could benefit from the property's location and upgrades, with potential monthly rental income of $2,190 based on local 3-bedroom rental rates, yielding a potential cap rate of 6-7%. The property is also suitable for small families or couples who value space and don't have school-age children, given the low local school ratings.
Not For
This property is not suitable for buyers seeking long-term appreciation in a stable market, given its history of extreme price volatility. Families with school-age children may want to look elsewhere due to the below-average school ratings. Individuals sensitive to heat or with respiratory issues should be cautious due to the severe heat risk (8/10) and potential air quality concerns during certain seasons. The property may not be ideal for those looking for a low-maintenance home, as its age (built in 1984) suggests potential future repairs despite recent renovations. Buyers seeking a quiet, non-HOA community would not find this property suitable.
Demographics
Area Median Income
$81,736
Property History
Price History
Ownership Timeline
$0Cash Purchase
Oct 3, 2024Emanuel De Jesus Vazquez HerreraBridget Giselle Bello
Intrafamily Transfer
Non-Arm's Length Transactions
$150,000Financed
Oct 3, 2024Bridget Giselle BelloPinnacle Enterprises Llc
Bargain And Sale Deed
Standard Sale (Purchase/Resales)
$145,000Financed
Feb 19, 2019Peter M Atkinson, Sandra J AtkinsonBridget Giselle Bello
Bargain And Sale Deed
Standard Sale (Purchase/Resales)
$41,000Financed
Mar 9, 2009Deutsche Bank National Trust CompanyPeter M Atkinson, Sandra J Atkinson
Bargain And Sale Deed
Standard Sale (Purchase/Resales)
$89,000Cash Purchase
Oct 17, 2008William J Pierro, Maryann K PierroDeutsche Bank National Trust Company
Trustees Deed
Foreclosure
Property Taxes
$409
2024 Tax Assessment
3.0%from previous year
Assessed Value$39,718
Tax Rate1.03%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
1.0/10
Below AverageMiddle
4.0/10
AverageHigh
3.0/10
Below AverageFinancials
Monthly Costs
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$259,000
Price/sqft
$188
Layout
3 bd•2 ba
Days on market
3 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$389,294
33.5%
Your price is 33.5% below average
Median Price
$449,995
42.4%
Based on 6 recent sales
Price per Sq.Ft
$271
30.5%
Your price is 30.5% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 688 Moonlight Mesa Drive, Henderson, NV 89011 | $465,000 | 1,534 | 3 | 2 | $30361.0% | 12/21/2024 |
| 540 E Rolly Street, Henderson, NV 89011 | $405,000 | 1,248 | 4 | 2 | $32572.4% | 12/3/2024 |
| 621 Black Sand Court, Henderson, NV 89011 | $370,000 | 1,382 | 4 | 2 | $26842.2% | 10/24/2024 |
| 67 Sonata Dawn Avenue, Henderson, NV 89011 | $458,270 | 1,523 | 3 | 2 | $30159.9% | 10/17/2024 |
| 538 Kristin Lane, Henderson, NV 89011 | $187,500 | 1,376 | 3 | 2 | $13627.6% | 9/3/2024 |
| 96 Cadence Crest Avenue, Henderson, NV 89011 | $449,995 | 1,523 | 3 | 2 | $29557.0% | 9/19/2024 |
688 Moonlight Mesa Drive, Henderson, NV 89011
Price: $465,000
Sq.Ft: 1,534
Beds/Baths: 3/2
$/Sq.Ft:
$30361.0%
Sale Date: 12/21/2024
540 E Rolly Street, Henderson, NV 89011
Price: $405,000
Sq.Ft: 1,248
Beds/Baths: 4/2
$/Sq.Ft:
$32572.4%
Sale Date: 12/3/2024
621 Black Sand Court, Henderson, NV 89011
Price: $370,000
Sq.Ft: 1,382
Beds/Baths: 4/2
$/Sq.Ft:
$26842.2%
Sale Date: 10/24/2024
67 Sonata Dawn Avenue, Henderson, NV 89011
Price: $458,270
Sq.Ft: 1,523
Beds/Baths: 3/2
$/Sq.Ft:
$30159.9%
Sale Date: 10/17/2024
538 Kristin Lane, Henderson, NV 89011
Price: $187,500
Sq.Ft: 1,376
Beds/Baths: 3/2
$/Sq.Ft:
$13627.6%
Sale Date: 9/3/2024
96 Cadence Crest Avenue, Henderson, NV 89011
Price: $449,995
Sq.Ft: 1,523
Beds/Baths: 3/2
$/Sq.Ft:
$29557.0%
Sale Date: 9/19/2024
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