NOT LISTED FOR SALE

5012 S Rainbow Blvd Unit 101 Las Vegas, NV 89118

Estimated Value: $229,000 - $268,000

2 Beds
2 Baths
1,091 Sq Ft
1987 Built

Last Sold February 08, 2022

Last sale price $205,000 $188 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,398/month

Highlights

  • Fitness Center
  • Main Floor Primary Bedroom
  • Laundry closet
  • Gated Community
  • Community Pool
  • Tile Flooring

About This Home

As of September 2024

Charming 2-Bedroom Condo in a Gated Community! Discover this delightful 2-bedroom, 2-bathroom condo located in a secure gated community. With assigned parking for your convenience, you'll never have to worry about finding a spot! This inviting home features spacious living areas, perfect for relaxation and entertaining. Enjoy the warm weather by taking advantage of the community amenities, including a refreshing pool and a relaxing spa. Experience the peace of mind that comes with living in a gated community while being just minutes away from local shops, dining, and entertainment. This gem won't last long—schedule your tour today!

Last Agent to Rent the Property

Wasim Faranesh

Faranesh Real Estate Brokerage Phone: 702-536-9000 License #B.0143592 Listed on: 08/16/2024

Last Renter's Agent

Wasim Faranesh

Faranesh Real Estate Brokerage Phone: 702-536-9000 License #B.0143592 Listed on: 08/16/2024

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $920

Year Built

  • Built in 1987

Lot Details

  • South Facing Home

Home Design

  • Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,091 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Blinds
  • Living Room with Fireplace

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Washer and Dryer

Parking

  • 1 Carport Space
  • Guest Parking
  • Assigned Parking

Schools

  • Earl Elementary School
  • Sawyer Grant Middle School
  • Durango High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $1,350
  • Property Available on 8/16/24
  • Tenant pays for cable TV, electricity, gas, key deposit, sewer, trash collection, water

Community Details

Overview

  • Property has a Home Owners Association
  • Vizcaya Association, Phone Number (702) 489-2892
  • Trails Amd Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pet Deposit $400

Security

  • Gated Community

Condo Details

Home Type

Condominium

Est. Annual Taxes

$920

Year Built

Built in 1987

Lot Details

0

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Key Deposit, Sewer, Trash Collection, Water
  • Available Date: 2024-08-16
  • Security Deposit: 1350.0
  • Pet Deposit: 400.0
  • Lease Term Options: 12 Months
  • Pets Allowed: Yes

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential Lease
  • Subdivision Name: Trails Amd
  • Directions: From I-15 and Tropicana head west to Rainbow. On Rainbow head south then left at Vizcaya at the Trails Community.
  • Architectural Style: Two Story
  • Carport Y N: Yes
  • Garage Yn: No
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Year Built: 1987
  • Attribution Contact: 702-536-9000
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Washer/Dryer, Washer/DryerAllInOne, Washer
  • Full Bathrooms: 2
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas, Living Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Laminate, Tile
  • Interior Amenities: Bedroom on Main Level, Primary Downstairs, Window Treatments
  • Living Area: 1091.0
  • Window Features: Blinds

Exterior Features

  • Fencing: None
  • Pool Features: Community
  • Pool Private: No
  • Disclosures: Covenants/Restrictions Disclosure
  • Construction Type: Frame, Stucco
  • Direction Faces: South
  • Roof: Tile

Garage/Parking

  • Carport Spaces: 1.0
  • Parking Features: Assigned, Covered, Guest

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Laundry Closet
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Cable Available

Condo/Co-op/Association

  • Community Features: Pool
  • Senior Community: No
  • Amenities: Fitness Center, Gated, Pool, Spa/Hot Tub
  • Association: Vizcaya
  • Association Phone #2: 702-489-2892
  • Association: Yes
  • Pets Allowed: Yes

Schools

  • Elementary School: Earl, Marion B.,Earl, Marion B.
  • High School: Durango
  • Middle Or Junior School: Sawyer Grant

Lot Info

  • Additional Parcels Description: ---
  • Zoning Description: Multi-Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2021
Closed on
Feb 4, 2022
Sold by
Sarris Kerry
Bought by
Sarris Paul James
Seller's Agent
Branden Lindsey
Keller Williams VIP
Buyer's Agent
Wasim Faranesh
Faranesh Real Estate
List Price
$205,000
Sold Price
$205,000
Current Estimated Value
$249,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,117
Avg. Annual Appreciation
5.47%
Original Mortgage
$150,000
Outstanding Balance
$139,117
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$110,000

Purchase Details

Listed on
Dec 2, 2021
Closed on
Feb 1, 2022
Sold by
Gitson David
Bought by
Sarris Paul James
Seller's Agent
Branden Lindsey
Keller Williams VIP
Buyer's Agent
Wasim Faranesh
Faranesh Real Estate
List Price
$205,000
Sold Price
$205,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Outstanding Balance
$139,117
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$110,000

Purchase Details

Closed on
Aug 29, 2006
Sold by
Trails Property Llc
Bought by
Gitson David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,980
Interest Rate
6.87%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sarris Paul James -- Lawyers Title
Sarris Paul James $200,000 Lawyers Title
Gitson David $221,400 Stewart Title Of Nevada
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sarris Paul James $150,000
Closed Sarris Paul James $150,000
Previous Owner Gitson David $154,980
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/04/2024 09/04/24 Rented $1,350 0.0% --
09/04/2024 09/04/24 Under Contract -- -- --
08/22/2024 08/22/24 Price Changed $1,350 -3.6% $1 / Sq Ft
08/16/2024 08/16/24 For Rent $1,400 0.0% --
02/08/2022 02/08/22 Sold $205,000 0.0% $188 / Sq Ft View Prior Sale
01/09/2022 01/09/22 Pending -- -- --
12/02/2021 12/02/21 For Sale $205,000 0.0% $188 / Sq Ft
04/14/2014 04/14/14 For Rent $850 0.0% --
04/14/2014 04/14/14 Rented $850 -- --
Source: Las Vegas REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $920 $41,337 $20,125 $21,212
2024 $852 $41,337 $20,125 $21,212
2023 $852 $46,090 $26,163 $19,927
2022 $783 $34,500 $16,100 $18,400
2021 $725 $34,118 $16,100 $18,018
2020 $671 $33,755 $15,698 $18,057
2019 $629 $33,368 $15,295 $18,073
2018 $600 $25,733 $7,980 $17,753
2017 $746 $25,437 $7,140 $18,297
2016 $563 $24,941 $6,300 $18,641
2015 $560 $23,840 $5,880 $17,960
2014 $543 $17,963 $5,040 $12,923
Source: Public Records

Agents Affiliated with this Home

  • W

    Landlord's Agent in 2024

    Wasim Faranesh

    Faranesh Real Estate

    (702) 536-9000

    235 Total Sales

    Wasim Faranesh
    Section Image

  • B

    Seller's Agent in 2022

    Branden Lindsey

    Keller Williams VIP

    (702) 502-7900

    22 Total Sales

    Branden Lindsey
    Section Image

  • R

    Seller's Agent in 2014

    Rachael Leeder

    Winning Realty

See All Agents

Map

Source: Las Vegas REALTORS®

MLS Number: 2608793

Las Vegas REALTORS®

APN: 163-26-110-775

Nevada Clark County Las Vegas 89118

5012 S Rainbow Blvd Unit 101, Las Vegas, NV

This home is located at 5012 S Rainbow Blvd Unit 101, Las Vegas, NV 89118 since 16 August 2024 and is currently priced at $249,117. This property was built in 1987. 5012 S Rainbow Blvd Unit 101 is a home located in Clark County with nearby schools including Marion B Earl Elementary School, Grant Sawyer Middle School, and Durango High School.

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Las Vegas REALTORS® The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. Information is deemed reliable but not guaranteed. Copyright 2025 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.

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