Score
0Las Vegas, NV
5116 N Valadez St
1.5M
5 beds
4 baths
3,788 sqft
5 bd • 4 ba • 3,788 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
$1,499,000
Price/Sq.Ft
$396
Year Built
2003
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This custom single-story farmhouse offers exceptional value and unique features that set it apart in the Las Vegas market:
1. Size and Layout: At 3,788 sq ft, this home is 58% larger than the average Las Vegas single-family home (2,400 sq ft). The single-story layout is highly desirable, especially for families and retirees.
2. Lot Size: The 1/2-acre lot is approximately 4 times larger than the typical Las Vegas residential lot (0.13 acres), offering significant outdoor space and privacy.
3. Price per Square Foot: At $395.72/sq ft, it's priced competitively compared to the Las Vegas average of $411/sq ft for similar high-end properties.
4. Unique Features: The 6-car detached RV garage with full hookups, clean-outs, and a hydraulic car lift is a rare and valuable amenity, potentially worth $50,000-$75,000 on its own.
5. Pool and Outdoor Amenities: The beautiful pool, private basketball court, and expansive covered patio add significant value, estimated at $100,000+.
6. Recent Upgrades: The kitchen, dining, and patio areas have been recently upgraded, reducing immediate renovation needs.
7. Energy Efficiency: Features like the programmable thermostat and newer HVAC system (2003 build) can help manage cooling costs in Las Vegas' extreme heat.
8. Location: Proximity to schools (within 1-3 miles) adds convenience for families.
9. Potential for Compound: The option to buy the neighboring property offers unique expansion possibilities, potentially increasing overall property value by 50-100%.
The Bad
Despite its many positive attributes, there are some potential drawbacks to consider:
1. Price Point: At $1,499,000, this property is significantly above the Las Vegas median home price of $450,000, limiting the pool of potential buyers.
2. School Ratings: The nearby schools have average to below-average ratings (4/10, 6/10, 5/10), which may deter families focused on education.
3. Maintenance Costs: The large lot size, pool, and extensive features (like the RV garage) will likely result in higher-than-average maintenance costs, potentially $15,000-$20,000 annually.
4. Utility Costs: The large square footage and pool could lead to high utility bills, especially during summer months. Estimated monthly utilities could range from $400-$600.
5. Property Taxes: While Nevada has relatively low property taxes, the high value and large lot size could still result in significant annual tax bills, potentially $10,000-$15,000 per year.
6. Insurance Costs: The high-value home, pool, and potential for flash flooding in Las Vegas may result in higher insurance premiums, possibly $3,000-$4,000 annually.
7. Resale Market: The unique features and high price point may limit the resale market, potentially leading to longer selling times in the future.
8. Age of Home: Built in 2003, some systems and appliances may be nearing the end of their lifespan, potentially requiring replacements in the near future.
The Ugly
There are several significant concerns that potential buyers should carefully consider:
1. Rapid Price Increase: The property's price has increased by 66.6% since January 2025, and by 1263.6% since June 2017. This extreme appreciation rate may not be sustainable and could indicate a potential market bubble or overvaluation.
2. Water Scarcity: Las Vegas faces severe water shortages. The large lot, pool, and potential for landscaping could face strict water usage restrictions in the future, potentially affecting the property's value and usability.
3. Climate Risks: Las Vegas is prone to extreme heat and flash flooding. The property's location relative to flood zones needs careful assessment. Increasing temperatures could lead to higher cooling costs and potential damage to outdoor amenities.
4. Market Volatility: Las Vegas' real estate market is closely tied to the tourism and gaming industries, which can be volatile. Economic downturns could disproportionately affect high-end properties like this one.
5. Septic System: The listing mentions "Septic Available," which could indicate the property uses a septic system. This can be costly to maintain or replace, potentially $20,000-$30,000 for a system of this size.
6. Potential Overimprovement: The extensive features like the 6-car RV garage and basketball court may be overimprovements for the area, potentially making it difficult to recoup these investments upon resale.
7. HOA Uncertainty: The listing doesn't mention HOA fees. If part of an HOA, fees for a property of this caliber could be substantial, potentially $500-$1000 monthly.
8. Long-term Sustainability: The home's size and features may become less desirable as environmental concerns and energy costs increase, potentially affecting long-term value.
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:
1. High-Net-Worth Individuals: With a price of $1,499,000, buyers should have a household income of at least $300,000-$400,000 to comfortably afford the mortgage and associated costs.
2. RV Enthusiasts or Car Collectors: The 6-car detached RV garage with full hookups makes this property ideal for those with multiple vehicles or large RVs.
3. Entertainers: The expansive great room, gourmet kitchen, and outdoor amenities (pool, basketball court, covered patio) make this home perfect for those who frequently host large gatherings.
4. Multi-Generational Families: The large square footage (3,788 sq ft) and 5 bedrooms can accommodate extended families or those needing space for live-in caretakers.
5. Work-From-Home Professionals: The spacious layout and potential for a home office make this suitable for remote workers or those running home-based businesses.
6. Privacy Seekers: The 1/2-acre lot offers significantly more privacy than typical Las Vegas properties, appealing to those valuing seclusion.
7. Luxury Home Buyers: Those seeking high-end finishes and custom features will appreciate the gourmet kitchen, hardwood floors, and primary suite amenities.
8. Real Estate Investors: The potential to buy the neighboring property for a compound could appeal to investors looking for unique development opportunities.
Not For
This property is not suitable for:
1. First-Time Homebuyers: The high price point and maintenance requirements make this unsuitable for most first-time buyers.
2. Budget-Conscious Buyers: With a price tag of $1,499,000 and high ongoing costs, this home is out of reach for median income earners in Las Vegas ($88,059).
3. Those Seeking New Construction: Built in 2003, this home may not appeal to buyers specifically looking for brand-new properties.
4. Low-Maintenance Seekers: The large lot, pool, and extensive features require significant upkeep, unsuitable for those wanting a low-maintenance lifestyle.
5. Urban Dwellers: Located in a suburban area, this property won't suit those seeking a dense, walkable urban environment.
6. Eco-Conscious Buyers: The large size and potential for high water/energy usage may not align with environmentally-focused buyers.
7. Families Prioritizing Top-Rated Schools: With average to below-average school ratings nearby, this may not be ideal for education-focused families.
8. Short-Term Residents: Given the high transaction costs and unique features, this property is not suitable for those planning to move within a few years.
Demographics
Area Median Income
$88,059
Property History
Price History
Ownership Timeline
$0Cash Purchase
Mar 20, 2013Donald W Rodriguez, Janet C RodriguezDonald W Rodriguez, Janet C Rodriguez
Intrafamily Transfer
Non-Arm's Length Transactions
$0Financed
Jan 24, 2003Donald W Rodriguez, Janet RodriguezDonald W Rodriguez, Janet C Rodriguez
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Feb 22, 2001Donald W Rodriguez, Janet C RodriguezDonald W Rodriguez, Janet Rodriguez
Intrafamily Transfer
Non-Arm's Length Transactions
$66,000Financed
Dec 14, 1995N David Kidder, Anna H KidderDonald W Rodriguez, Janet C Rodriguez
Grant Deed
Standard Sale (Purchase/Resales)
$66,000Cash Purchase
Jan 20, 1994Neil G BuckwaldN David Kidder, Anna H Kidder
Grant Deed
Standard Sale (Purchase/Resales)
Property Taxes
$5,589
2024 Tax Assessment
3.0%from previous year
Assessed Value$306,773
Tax Rate1.82%
Sunlight Analysis
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Sunlight Analysis
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Schools
Details about nearby schools in this area
Financials
Monthly Costs
Market Rent (5 bed)
Get a detailed estimate on Zillow$1,130
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$1,499,000
Price/sqft
$396
Layout
5 bd•4 ba
Days on market
6 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$1,063,999
40.9%
Your price is 40.9% above average
Median Price
$1,125,000
33.2%
Based on 6 recent sales
Price per Sq.Ft
$286
38.4%
Your price is 38.4% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 4630 Los Rancheros Avenue, Las Vegas, NV 89129 | $834,000 | 3,844 | 4 | 4 | $21745.2% | 9/25/2024 |
| 4742 Heartstone Circle, Las Vegas, NV 89129 | $1,325,000 | 4,167 | 5 | 4 | $31819.6% | 10/24/2024 |
| 7500 Cobal Canyon Lane, Las Vegas, NV 89129 | $799,995 | 3,828 | 6 | 4 | $20947.2% | 8/31/2024 |
| 5825 N Riley Street, Las Vegas, NV 89149 | $1,100,000 | 4,113 | 4 | 4 | $26732.4% | 9/9/2024 |
| 8690 Queens Brook Court, Las Vegas, NV 89129 | $1,200,000 | 3,193 | 4 | 4 | $3765.0% | 9/29/2024 |
| 7951 W Washburn Road, Las Vegas, NV 89149 | $1,125,000 | 3,404 | 4 | 4 | $33016.5% | 8/30/2024 |
4630 Los Rancheros Avenue, Las Vegas, NV 89129
Price: $834,000
Sq.Ft: 3,844
Beds/Baths: 4/4
$/Sq.Ft:
$21745.2%
Sale Date: 9/25/2024
4742 Heartstone Circle, Las Vegas, NV 89129
Price: $1,325,000
Sq.Ft: 4,167
Beds/Baths: 5/4
$/Sq.Ft:
$31819.6%
Sale Date: 10/24/2024
7500 Cobal Canyon Lane, Las Vegas, NV 89129
Price: $799,995
Sq.Ft: 3,828
Beds/Baths: 6/4
$/Sq.Ft:
$20947.2%
Sale Date: 8/31/2024
5825 N Riley Street, Las Vegas, NV 89149
Price: $1,100,000
Sq.Ft: 4,113
Beds/Baths: 4/4
$/Sq.Ft:
$26732.4%
Sale Date: 9/9/2024
8690 Queens Brook Court, Las Vegas, NV 89129
Price: $1,200,000
Sq.Ft: 3,193
Beds/Baths: 4/4
$/Sq.Ft:
$3765.0%
Sale Date: 9/29/2024
7951 W Washburn Road, Las Vegas, NV 89149
Price: $1,125,000
Sq.Ft: 3,404
Beds/Baths: 4/4
$/Sq.Ft:
$33016.5%
Sale Date: 8/30/2024
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