4474 Prada Place, Las Vegas, Nevada, 89141, represents a snapshot of the Las Vegas real estate market in 2018. This address, specifically referencing the sale of a single-family residence, offers a compelling case study for understanding property values, market trends, and the specifics of a particular dwelling within a larger urban context. The sale of this property on December 3rd, 2018, for $316,000, provides a benchmark against which we can analyze similar properties and the broader economic conditions prevailing at that time. This article delves into the details surrounding 4474 Prada Place, exploring its features, its place within the neighborhood, and the wider implications of its sale price.
Property Overview: A 2003 Build in a Mature Neighborhood
The property at 4474 Prada Place is a single-story house boasting 3 bedrooms and 2 bathrooms, encompassing a comfortable 1658 square feet of living space. Built in 2003, it represents a home built during a period of significant growth in the Las Vegas metropolitan area. Its designation as a "corner lot" is a significant feature, often commanding a premium due to increased privacy, landscaping potential, and better natural light. The MLS number, 2032892, serves as a unique identifier within the Multiple Listing Service database, allowing real estate professionals and researchers to access comprehensive details about the property's history, including the sales transaction and any previous listings. While the specific interior features and finishes aren't readily available without accessing the MLS records directly, the square footage and number of bedrooms and bathrooms provide a solid foundation for comparison with other similar properties in the area.
Neighborhood Context: Understanding the Location of 4474 Prada Place
The location of 4474 Prada Place within Las Vegas is crucial in understanding its value. While the exact neighborhood characteristics require further investigation using local resources like Zillow, Realtor.com, or the Clark County Assessor's website, we can infer some general characteristics based on the address and the sale price. The zip code, 89141, places the property within a specific area of Las Vegas which likely reflects a balance of residential properties, potentially with a mix of housing types and price points. Further research would reveal details about the proximity to schools, parks, shopping centers, and major transportation routes. These amenities significantly influence property values, and their presence or absence would impact the attractiveness of 4474 Prada Place to potential buyers.
The surrounding area's demographics – age, income levels, and family structures – also contribute to the overall market dynamics. A neighborhood with a high concentration of young families, for instance, might see a higher demand for homes with three bedrooms and two bathrooms, like 4474 Prada Place. Conversely, a neighborhood with a predominantly older population might see less demand for such properties.
Analyzing the Sale Price: $316,000 in December 2018
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