$244,169 - $271,000
RENTED AUG 22, 2025

5048 S Rainbow Blvd Unit 105 Las Vegas, NV 89118

Spring Valley Neighborhood
2 Beds
2 Baths
1,091 Sq Ft
1987 Built

Last Sold April 17, 2023

Last sale price $231,000 $212 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,487/month

Highlights

  • Fitness Center
  • Clubhouse
  • Community Pool
  • Gated Community
  • Main Floor Bedroom
  • Tennis Courts

About This Home

As of August 2025

NOT ALL PETS ARE ACCEPTABLE; PETS HAVE TO BE APPROVED BY THE LANDLORD. GREAT LOCATION, GATED COMMUNITY. BEAUTIFUL DOWNSTAIRS 2 BEDROOM UNIT WITH RENOVATED KITCHEN AND BATHROOMS. QUITE AND PRIVATE LOCATION. COMMUNITY INCLUDES POOL, SPA, GYM, CLUB HOUSE AND TENNIS COURTS.

Last Agent to Rent the Property

zorik arakelyan

IHOME Realty LLC Brokerage Phone: 702-732-4862 License #B.0143249 Listed on: 07/18/2025

Last Renter's Agent

zorik arakelyan

IHOME Realty LLC Brokerage Phone: 702-732-4862 License #B.0143249 Listed on: 07/18/2025

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $920

Year Built

  • Built in 1987

Lot Details

  • East Facing Home

Home Design

  • Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

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

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • Covered Parking
  • Guest Parking
  • Assigned Parking

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $1,595
  • Property Available on 7/18/25
  • Tenant pays for cable TV, electricity, gas

Community Details

Overview

  • Property has a Home Owners Association
  • Vizcaya Association Association, Phone Number (702) 489-2894
  • Trails Amd Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Community Spa
  • Park

Pet Policy

  • Pets Allowed

Security

  • Security Service
  • 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
  • Available Date: 2025-07-18
  • Security Deposit: 1595.0
  • Lease Term Options: 12 Months
  • Pets Allowed: Yes

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential Lease
  • Subdivision Name: Trails Amd
  • Directions: FROM TROPICANA AND RAINBOW, GO SOUTH ON RAINBOW. TURN LEFT TO VIZCAYA, TURN RIGHT TO THE GATE, THEN FOLLOW THE ROUTE TOTHE END, 2ND BUILDING TO THE LAST ON THE RIGHT.
  • Architectural Style: Two Story
  • Carport Y N: No
  • Garage Yn: No
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Year Built: 1987
  • Attribution Contact: 702-732-4862
  • 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: Family Room, Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Laminate, Tile
  • Interior Amenities: Bedroom on Main Level, Ceiling Fan(s), 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: East
  • Roof: Tile

Garage/Parking

  • Parking Features: Assigned, Covered, Guest

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool
  • Senior Community: No
  • Amenities: Clubhouse, Fitness Center, Gated, Park, Pool, Spa/Hot Tub, Security, Tennis Court(s)
  • Association: VIZCAYA-ASSOCIATION
  • Association Phone #2: 702-489-2894
  • 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
Mar 21, 2023
Closed on
Apr 14, 2023
Sold by
Yaacov Holdings Llc-Series B
Bought by
Melkonyan Khoren
Seller's Agent
Leli Hamilton
Infinity Brokerage
Buyer's Agent
Kevin Grigoryan
Pulse Realty Group LLC
List Price
$239,000
Sold Price
$231,000
Premium/Discount to List
-$8,000
-3.35%
Views
10
Current Estimated Value
$259,292

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,292
Avg. Annual Appreciation
4.97%
Original Mortgage
$184,000
Outstanding Balance
$179,309
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$79,983

Purchase Details

Listed on
Mar 21, 2023
Closed on
Apr 13, 2023
Sold by
Sakeyan Karmen
Bought by
Melkonyan Khoren
Seller's Agent
Leli Hamilton
Infinity Brokerage
Buyer's Agent
Kevin Grigoryan
Pulse Realty Group LLC
List Price
$239,000
Sold Price
$231,000
Premium/Discount to List
-$8,000
-3.35%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Outstanding Balance
$179,309
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$79,983

Purchase Details

Closed on
Oct 5, 2020
Sold by
Yaacov Llc
Bought by
Yaacov Holdings Llc Series B

Purchase Details

Listed on
Feb 27, 2018
Closed on
Mar 14, 2018
Sold by
Spring Mountain Resources Llc
Bought by
Yaacov Llc
Seller's Agent
Ina Huang
Accord Realty LLC
Buyer's Agent
Leli Hamilton
Infinity Brokerage
List Price
$125,000
Sold Price
$130,500
Premium/Discount to List
$5,500
4.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.63%

Purchase Details

Closed on
Jan 9, 2009
Sold by
Citimortgage Inc
Bought by
Spring Mountain Resources Llc

Purchase Details

Closed on
Sep 15, 2008
Sold by
Bollen Jamin
Bought by
Citimortgage Inc

Purchase Details

Closed on
Nov 14, 2005
Sold by
Trails Property Llc
Bought by
Bollen Jamin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,720
Interest Rate
7%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Melkonyan Khoren $231,000 Western Title
Melkonyan Khoren -- Western Title
Yaacov Holdings Llc Series B -- None Available
Yaacov Llc $130,500 Old Republic Title
Spring Mountain Resources Llc $75,000 First American Title Paseo V
Citimortgage Inc $73,273 None Available
Bollen Jamin $202,400 Stewart Title Of Nevada
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Melkonyan Khoren $184,000
Previous Owner Bollen Jamin $160,720
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 Rented $1,395 0.0% --
08/21/2025 08/21/25 Under Contract -- -- --
08/12/2025 08/12/25 Price Changed $1,395 -6.7% $1 / Sq Ft
07/30/2025 07/30/25 Price Changed $1,495 -6.3% $1 / Sq Ft
07/18/2025 07/18/25 For Rent $1,595 0.0% --
04/17/2023 04/17/23 Sold $231,000 -3.3% $212 / Sq Ft
03/21/2023 03/21/23 For Sale $239,000 0.0% $219 / Sq Ft
04/07/2022 04/07/22 Rented $1,500 0.0% --
03/08/2022 03/08/22 Under Contract -- -- --
03/07/2022 03/07/22 For Rent $1,500 0.0% --
03/15/2018 03/15/18 Sold $130,500 +4.4% $120 / Sq Ft
02/27/2018 02/27/18 For Sale $125,000 -- $115 / Sq Ft
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

  • z

    Landlord's Agent in 2025

    zorik arakelyan

    IHOME Realty LLC

    43 in this area

    165 Total Sales

    zorik arakelyan
    Section Image

  • L

    Seller's Agent in 2023

    Leli Hamilton

    Infinity Brokerage

    (702) 768-0034

    18 in this area

    113 Total Sales

    Leli Hamilton
    Section Image

  • K

    Buyer's Agent in 2023

    Kevin Grigoryan

    Pulse Realty Group LLC

    6 in this area

    27 Total Sales

    Kevin Grigoryan
    Section Image

  • M

    Seller's Agent in 2022

    Marla Morrisey

    Home365 Las Vegas

    (702) 250-7535

    Marla Morrisey
    Section Image

  • J

    Buyer's Agent in 2022

    Jeremiah Villapando

    Coldwell Banker Premier

    (702) 826-0249

    1 in this area

    12 Total Sales

    Jeremiah Villapando
    Section Image

  • I

    Seller's Agent in 2018

    Ina Huang

    Accord Realty LLC

    (702) 215-9898

    2 Total Sales

    Ina Huang
    Section Image
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Map

Source: Las Vegas REALTORS®

MLS Number: 2702459

Las Vegas REALTORS®

APN: 163-26-110-521

Nevada Clark County Las Vegas 89118 Spring Valley

5048 S Rainbow Blvd Unit 105, Las Vegas, NV

This home is located at 5048 S Rainbow Blvd Unit 105, Las Vegas, NV 89118 since 18 July 2025 and is currently priced at $259,292. This property was built in 1987. 5048 S Rainbow Blvd Unit 105 is a home located in Clark County with nearby schools including Marion B Earl Elementary School, Grant Sawyer Middle School, and Durango High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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