$280,000
SOLD AUG 6, 2024 RENTED DEC 30, 2024

5250 S Rainbow Blvd Unit 1049 Las Vegas, NV 89118

Spring Valley Neighborhood
2 Beds
2 Baths
1,034 Sq Ft
$377/mo HOA Fee

Recently Sold

$271 Per Sq Ft

3% Below List Price

38 Days on Market

Highlights

  • Gated Community
  • Main Floor Primary Bedroom
  • Balcony
  • 0.54 Acre Lot
  • Community Pool
  • 2 Car Attached Garage

About This Home

As of August 2024

Guarded & Gated Community near Rainbow & Tropicana! 15 minutes or less drive to the airport & Vegas Strip! Conveniently located near major shops, schools & Hospital. Attached is a 2-car garage enter to the 2 bedroom & 2 bathroom 1st-floor unit. 2 sets of community pool & Spa; Clubhouse, Gym room, playground, Granite kitchen countertop, breakfast bar, Balcony looks into the green lawn and lush matured landscaping. Check the photo out and view it as soon as you can!

Last Agent to Sell the Property

Zion Cin

One Stop Realty Brokerage Phone: 702-912-4828 License #S.0055968 Listed on: 06/27/2024

Last Buyer's Agent

Sau Lan Woo

A-Me Realty & Property Mgmt License #B.1001959

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,305

Year Built

  • Built in 1997

Lot Details

  • East Facing Home
  • Desert Landscape
  • Property is in average condition

HOA Fees

  • $377 Monthly HOA Fees

Parking

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

Home Design

  • Tile Roof

Interior Spaces

  • 1,034 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Double Pane Windows
  • Blinds
  • Living Room with Fireplace

Kitchen

  • Gas Range
  • Microwave
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry on main level
  • Laundry in Garage
  • Gas Dryer Hookup

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Above Ground Utilities

Additional Features

  • Energy-Efficient Windows
  • Balcony

Community Details

Overview

  • Association fees include management, common areas, ground maintenance, sewer, security, taxes, water
  • Spanish Palms Association, Phone Number (702) 487-6225
  • Spanish Palms Condo Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Community Pool

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,305

Year Built

Built in 1997

Lot Details

0

HOA Fees

$377 per month

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.5351
  • Subdivision Name: Spanish Palms Condo
  • Directions: From Rainbow & Tropicana. Go S on Rainbow before Hacienda. Turn left when you see the " 5250 Spanish Palms" sign. after the gate, turn Right, then Left. look for Building 10 in front of open parking on the south end of the complex.
  • Architectural Style: Two Story
  • Carport Y N: No
  • Garage Yn: Yes
  • Efficiency: Windows
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1997
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Attribution Contact: 702-912-4828
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1997

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Disposal, Gas Range, Microwave
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas, Living Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Laminate, Tile
  • Interior Amenities: Bedroom on Main Level, Primary Downstairs
  • Living Area: 1034.0
  • Window Features: Blinds, Double Pane Windows

Exterior Features

  • Fencing: None
  • Lot Features: Desert Landscaping, Landscaped, < 1/4 Acre
  • Pool Features: Community
  • Pool Private: No
  • Disclosures: Covenants/Restrictions Disclosure
  • Direction Faces: East
  • Exterior Features: Balcony
  • Patio And Porch Features: Balcony
  • Property Condition: Average Condition, Resale
  • Roof: Tile

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool
  • Senior Community: No
  • Amenities: Pool
  • Association #2 Fee: 377.0
  • Association #2 Fee Frequency: Monthly
  • Association Name: Spanish Palms
  • Phone: 702-487-6225
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Maintenance Grounds, Sewer, Security, Taxes, Water

Schools

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

Lot Info

  • Horse Amenities: None
  • Lot Size Sq Ft: 23308.0
  • Additional Parcels Description: ---
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1305.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2024
Closed on
Jul 29, 2024
Sold by
Koon Lim Cheng Trust and Cheng Koon Lim
Bought by
Ark Realty Llc
Seller's Agent
Zion Cin
One Stop Realty
Buyer's Agent
Sau Lan Woo
A-Me Realty & Property Mgmt
List Price
$289,000
Sold Price
$280,000
Premium/Discount to List
-$9,000
-3.11%
Views
14
Current Estimated Value
$275,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,241
Avg. Annual Appreciation
0.74%

Purchase Details

Closed on
Apr 12, 2016
Sold by
Cheng Koon Kim
Bought by
Cheng Koon Lim and The Koon Lim Cheng Trust

Purchase Details

Closed on
Jan 20, 2011
Sold by
Lee Su
Bought by
Lee Su and Lee Trust

Purchase Details

Closed on
Mar 10, 2010
Sold by
Hardy Lang
Bought by
Cheng Koon L

Purchase Details

Closed on
May 19, 2006
Sold by
The Reserve Development Llc
Bought by
Hardy Lang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,320
Interest Rate
7.5%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Bargain Sale Deed $280,000 Lawyers Title
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Bargain Sale Deed $80,000 First American Title Paseo
Bargain Sale Deed $245,400 Land Title Of Nevada
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $196,320 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2024 12/30/24 Rented $1,500 0.0% --
12/20/2024 12/20/24 Under Contract -- -- --
11/28/2024 11/28/24 Price Changed $1,500 -9.1% $1 / Sq Ft
09/16/2024 09/16/24 For Rent $1,650 0.0% --
08/06/2024 08/06/24 Sold $280,000 -3.1% $271 / Sq Ft
06/28/2024 06/28/24 For Sale $289,000 0.0% $279 / Sq Ft
05/13/2022 05/13/22 For Rent $1,575 0.0% --
05/13/2022 05/13/22 Rented $1,575 -- --
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 $1,409 $54,621 $23,800 $30,821
2024 $1,305 $54,621 $23,800 $30,821
2023 $1,305 $55,499 $26,950 $28,549
2022 $1,209 $48,456 $22,050 $26,406
2021 $1,119 $46,281 $20,650 $25,631
2020 $1,036 $46,159 $20,650 $25,509
2019 $971 $45,293 $19,950 $25,343
2018 $927 $37,682 $12,950 $24,732
2017 $1,093 $37,274 $11,900 $25,374
2016 $869 $32,934 $7,350 $25,584
2015 $866 $32,149 $6,650 $25,499
2014 $839 $28,952 $7,000 $21,952
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2595447

Las Vegas REALTORS®

APN: 163-26-214-093