NOT LISTED FOR SALE

5250 S Rainbow Blvd Unit 1048 Las Vegas, NV 89118

Spring Valley Neighborhood

Estimated Value: $286,553 - $313,000

3 Beds
2 Baths
1,131 Sq Ft
$262/mo HOA Fee

Last Sold November 11, 2020

Last sale price $225,000 $199 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,076/month

20 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • 2 Car Attached Garage
  • Gated Community
  • Community Pool
  • Patio

About This Home

As of November 2020

Very well maintained and upgraded 1st floor unit located in the desirable 24 HR guard gated SPANISH PALMS community. 3 BED CONDO W/ LARGE ATTACHED 2 CAR GARAGE. LOCATED WITHIN MILES OF THE STRIP, AMENITIES & RAIDERS STADIUM* FLOORING ALL TILES. GAS FIREPLACE IN LIVING ROOM. KITCHEN HAS GRANITE COUNTERTOPS. ALL STAINLESS STEEL APPLIANCES. THE COMMUNITY POOL AREA IS STUNNING WITH WATERFALLS, LOUNGE CHAIRS AND BBQ GRILLS. CLUBHOUSE HAS EXERCISE ROOM, MEETING & PARTY ROOM SPACE. PARKS TOO! MUST SEE!!

Last Agent to Sell the Property

Mary Ann Sussex

World Capital Realty License #S.0063382 Listed on: 09/21/2020

Last Buyer's Agent

Kristine Murray

Award Realty License #BS.0146454

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,031

Year Built

  • Built in 1997

Lot Details

  • North Facing Home
  • Property is Fully Fenced
  • Block Wall Fence
  • Desert Landscape
  • Property is in good condition

HOA Fees

  • $262 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Inside Entrance
  • Garage Door Opener
  • Guest Parking

Home Design

  • Tile Roof
  • Stucco

Interior Spaces

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

Kitchen

  • Gas Cooktop
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Patio

Schools

  • Iverson Mervin Elementary School
  • Sawyer Grant Middle School
  • Durango High School

Utilities

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

Community Details

Overview

  • Association fees include ground maintenance, recreation facilities, sewer, security, water
  • Spanish Palms Association, Phone Number (702) 364-5250
  • Spanish Palms Condo Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa
  • Park

Security

  • Security Guard
  • Gated Community
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,031

Year Built

Built in 1997

Lot Details

0

HOA Fees

$262 per month

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Ownership: Condominium
  • Subdivision Name: Spanish Palms Condo
  • Directions: FROM RAINBOW/TROPICANA HEAD SOUTH ON RAINBOW. TURN LEFT INTO SPANISH PALMS GUARD GATE. GUARD WILL DIRECT YOU TO UNIT. PROPERTY IS LOCATED IN BUILDING #10.
  • Architectural Style: One Story
  • Carport Y N: No
  • Garage Yn: Yes
  • Property Attached Yn: Yes
  • Building Stories: 1
  • Year Built Details: RESALE
  • Year Built: 1997
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 1
  • Year Built: 1997

Interior Features

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

Exterior Features

  • Fencing: Block, Full
  • Lot Features: Desert Landscaping, Landscaped, < 1/4 Acre
  • Pool Features: Community
  • Pool Private: No
  • Disclosures: Covenants/Restrictions Disclosure
  • Construction Type: Block, Stucco
  • Direction Faces: North
  • Exterior Features: Patio
  • Patio And Porch Features: Patio
  • Property Condition: Good Condition, Resale
  • Roof: Tile

Garage/Parking

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

Utilities

  • Laundry Features: Electric Dryer Hookup, In Garage
  • Security: Fire Sprinkler System
  • 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: Clubhouse, Fitness Center, Gated, Barbecue, Playground, Park, Pool, Guard, Spa/Hot Tub, Security
  • Association Fee: 262.0
  • Association Fee Frequency: Monthly
  • Association Name: Spanish Palms
  • Phone: 702-364-5250
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Maintenance Grounds, Recreation Facilities, Sewer, Security, Water

Schools

  • Elementary School: Iverson Mervin,Iverson Mervin
  • High School: Durango
  • Middle Or Junior School: Sawyer Grant

Lot Info

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

Tax Info

  • Tax Annual Amount: 1031.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2020
Closed on
Nov 9, 2020
Sold by
Flores Timothy Z and Flores Amelia O
Bought by
Pursel Robert W
Seller's Agent
Mary Ann Sussex
World Capital Realty
Buyer's Agent
Kristine Murray
Award Realty
List Price
$230,000
Sold Price
$225,000
Premium/Discount to List
-$5,000
-2.17%
Total Days on Market
20
Current Estimated Value
$305,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,388
Avg. Annual Appreciation
7.18%

Purchase Details

Closed on
Oct 23, 2014
Sold by
Flores Timothy Z and Flores Amelia O
Bought by
Flores Olegario Trust

Purchase Details

Closed on
Jan 28, 2008
Sold by
Reserve Development Llc
Bought by
Flores Timothy Z and Flores Amelia O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,490
Interest Rate
6.09%
Mortgage Type
Unknown
Source: Public Records

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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
Pursel Robert W $225,000 Wfg National Title Compan
Flores Olegario Trust -- None Available
Flores Timothy Z $272,490 Old Republic Title Company O
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Flores Timothy Z $127,490
Previous Owner The Reserve Development Llc $28,152,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/11/2020 11/11/20 Sold $225,000 -2.2% $199 / Sq Ft
10/12/2020 10/12/20 Pending -- -- --
09/21/2020 09/21/20 For Sale $230,000 -- $203 / 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 $1,198 $60,011 $26,180 $33,831
2024 $1,163 $60,011 $26,180 $33,831
2023 $1,163 $60,985 $29,645 $31,340
2022 $1,129 $54,347 $25,358 $28,989
2021 $1,097 $50,852 $22,715 $28,137
2020 $1,062 $50,677 $22,715 $27,962
2019 $1,031 $49,731 $21,945 $27,786
2018 $1,001 $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

  • M

    Seller's Agent in 2020

    Mary Ann Sussex

    World Capital Realty

    2 in this area

    5 Total Sales

    Mary Ann Sussex
    Section Image

  • K

    Buyer's Agent in 2020

    Kristine Murray

    Award Realty

    (702) 575-2109

    15 in this area

    179 Total Sales

    Kristine Murray
    Section Image
See All Agents

Map

Source: Las Vegas REALTORS®

MLS Number: 2233163

Las Vegas REALTORS®

APN: 163-26-214-092

Nevada Clark County Las Vegas 89118 Spring Valley

5250 S Rainbow Blvd Unit 1048, Las Vegas, NV

This home is located at 5250 S Rainbow Blvd Unit 1048, Las Vegas, NV 89118 since 21 September 2020 and is currently estimated at $305,388, approximately $270 per square foot. This property was built in 1997. 5250 S Rainbow Blvd Unit 1048 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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