NOT LISTED FOR SALE

5250 S Rainbow Blvd Unit 1003 Las Vegas, NV 89118

Spring Valley Neighborhood

Estimated Value: $306,981 - $332,000

3 Beds
2 Baths
1,131 Sq Ft
$340/mo HOA Fee

Last Sold November 08, 2023

Last sale price $305,000 $270 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,240/month

83 Days on Market

Highlights

  • Fitness Center
  • Main Floor Primary Bedroom
  • 2 Car Attached Garage
  • Gated Community
  • Community Pool
  • Park

About This Home

As of November 2023

Situated in a prestigious guard-gated community, this 1,131 sq. ft. ground-floor condo epitomizes luxury and security. The community boasts a dog park, putting green, and playground, ensuring diverse recreational options. Hosting three spacious bedrooms and two sophisticated bathrooms, interiors boast 9 ft ceilings and elegant 6-inch baseboards. Beyond the front patio, a verdant landscape ensures tranquility. The primary bedroom features a large walk-in closet and an en suite with a lavish spa tub. A 2-car garage provides direct unit access, enhancing convenience and safety. Just a short walk away, the clubhouse offers a pool, fitness center, and BBQ area. This residence is more than a home; it’s a lifestyle of comfort and luxury within an elite, amenity-rich community.

Last Agent to Sell the Property

Michelle Yoon

Home Realty Center Brokerage Phone: 702-252-7400 License #S.0055156 Listed on: 08/16/2023

Last Buyer's Agent

Kara Gardner

Simply Vegas License #BS.0145207

Simply Vegas

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,320

Year Built

  • Built in 1997

Lot Details

  • East Facing Home
  • Landscaped
  • Property is in good condition

HOA Fees

  • $340 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Inside Entrance

Home Design

  • Tile Roof

Interior Spaces

  • 1,131 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Blinds
  • Living Room with Fireplace
  • Laminate Flooring

Kitchen

  • Gas Range
  • Microwave
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry on main level
  • Laundry in Garage
  • Dryer
  • Washer

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Underground Utilities

Community Details

Overview

  • Association fees include ground maintenance
  • Spanish Palms Association, Phone Number (702) 362-6262
  • Spanish Palms Condo Subdivision, Mediterran Floorplan

Amenities

  • Community Barbecue Grill

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa
  • Park

Security

  • Security Guard
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,320

Year Built

Built in 1997

Lot Details

0

HOA Fees

$340 per month

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Ownership: Condominium
  • Subdivision Name: Spanish Palms Condo
  • Directions: From Tropicana and Rainbow, South on Rainbow, Left into the community and through the guard gate, init is in the Building 1
  • Architectural Style: Two Story
  • Carport Y N: No
  • Garage Yn: Yes
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1997
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Attribution Contact: 702-252-7400
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1997

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Dryer, Disposal, Gas Range, Microwave, Washer
  • Full Bathrooms: 2
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas, Living Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Laminate
  • Interior Amenities: Bedroom on Main Level, Primary Downstairs
  • Living Area: 1131.0
  • Window Features: Blinds

Exterior Features

  • Fencing: None
  • Lot Features: Landscaped, < 1/4 Acre
  • Pool Features: Community
  • Pool Private: No
  • Direction Faces: East
  • Exterior Features: None
  • Property Condition: Good Condition, Resale
  • Roof: Tile

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Inside Entrance, Private

Utilities

  • Laundry Features: Gas Dryer Hookup, In Garage, Main Level
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Electric: Photovoltaics None
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool
  • Senior Community: No
  • Amenities: Fitness Center, Gated, Barbecue, Park, Pool, Guard, Spa/Hot Tub
  • Association #2 Fee: 340.0
  • Association #2 Fee Frequency: Monthly
  • Association Name: Spanish Palms
  • Phone: 702-362-6262
  • Association: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

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

Lot Info

  • Horse Amenities: None
  • Additional Parcels Description: ---
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1320.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2023
Closed on
Oct 31, 2023
Sold by
Martin James
Bought by
Gttl Llc
Seller's Agent
Michelle Yoon
Home Realty Center
Buyer's Agent
Kara Gardner
Simply Vegas
List Price
$325,000
Sold Price
$305,000
Premium/Discount to List
-$20,000
-6.15%
Total Days on Market
83
Views
36
Current Estimated Value
$316,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,745
Avg. Annual Appreciation
2.44%

Purchase Details

Closed on
Mar 24, 2006
Sold by
The Reserve Development Llc
Bought by
Martin James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,400
Interest Rate
6.25%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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Range of Values:

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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
Gttl Llc $305,000 Lawyers Title
Martin James $263,400 Land Title Of Nevada
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martin James $133,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/08/2023 11/08/23 Sold $305,000 -4.7% $270 / Sq Ft
09/02/2023 09/02/23 Price Changed $319,999 -1.5% $283 / Sq Ft
08/16/2023 08/16/23 For Sale $325,000 -- $287 / 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 $1,467 $60,011 $26,180 $33,831
2024 $1,425 $60,011 $26,180 $33,831
2023 $1,425 $60,985 $29,645 $31,340
2022 $1,320 $54,347 $25,358 $28,989
2021 $1,222 $50,852 $22,715 $28,137
2020 $1,132 $50,677 $22,715 $27,962
2019 $1,061 $49,731 $21,945 $27,786
2018 $1,012 $41,357 $14,245 $27,112
2017 $1,199 $40,885 $13,090 $27,795
2016 $949 $36,113 $8,085 $28,028
2015 $946 $35,223 $7,315 $27,908
2014 $918 $31,706 $7,700 $24,006
Source: Public Records

Agents Affiliated with this Home

  • Michelle Yoon

    Seller's Agent in 2023

    Michelle Yoon

    Home Realty Center

    (702) 460-4316

    4 in this area

    66 Total Sales

    Michelle Yoon
    Section Image

  • K

    Buyer's Agent in 2023

    Kara Gardner

    Simply Vegas

    (702) 821-5158

    3 in this area

    42 Total Sales

    Kara Gardner
    Section Image
See All Agents

Map

Source: Las Vegas REALTORS®

MLS Number: 2520107

Las Vegas REALTORS®

APN: 163-26-214-003

Nevada Clark County Las Vegas 89118 Spring Valley

5250 S Rainbow Blvd Unit 1003, Las Vegas, NV

This home is located at 5250 S Rainbow Blvd Unit 1003, Las Vegas, NV 89118 since 16 August 2023 and is currently estimated at $316,745, approximately $280 per square foot. This property was built in 1997. 5250 S Rainbow Blvd Unit 1003 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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