$215,000
SOLD JAN 31, 2025

5250 S Rainbow Blvd Unit 1056 Las Vegas, NV 89118

1 Bed
1 Bath
744 Sq Ft
$414/mo HOA Fee

Recently Sold

$289 Per Sq Ft

4% Below List Price

3 Days on Market

Highlights

  • Fitness Center
  • Main Floor Primary Bedroom
  • Business Center
  • Gated Community
  • Community Pool
  • Covered Patio or Porch

About This Home

As of January 2025

BEAUTIFUL UNIT ON GROUND FLOOR. LOCATED IN INTERIOR OF THE COMPLEX FOR EASY ACCESS TO FITNESS CENTER, BUSINESS CENTER, POOL AREAS, BBQ AREA AND MAILBOXES. OPEN KITCHEN WITH ATTACHED EXTRA LARGE GARAGE. TENANT IN PLACE.

Last Agent to Sell the Property

Jena McIntosh

Award Realty Brokerage Phone: (702) 768-2636 License #S.0037093 Listed on: 12/23/2024

Last Buyer's Agent

Jena McIntosh

Award Realty Brokerage Phone: (702) 768-2636 License #S.0037093 Listed on: 12/23/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $876

Year Built

  • Built in 1997

Lot Details

  • West Facing Home
  • Partially Fenced Property
  • Electric Fence
  • Landscaped
  • Property is in very good condition

HOA Fees

  • $414 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Guest Parking

Home Design

  • Tile Roof

Interior Spaces

  • 744 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Insulated Windows
  • Window Treatments
  • Family Room with Fireplace
  • Luxury Vinyl Plank Tile Flooring

Kitchen

  • Gas Cooktop
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Schools

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

Utilities

  • Central Heating and Cooling System
  • Programmable Thermostat
  • Cable TV Available

Additional Features

  • Energy-Efficient Windows
  • Covered Patio or Porch

Community Details

Overview

  • Association fees include security
  • Spanish Palms Association, Phone Number (702) 737-8580
  • Spanish Palms Condo Subdivision

Amenities

  • Community Barbecue Grill
  • Business Center

Recreation

  • Fitness Center
  • Community Pool
  • Dog Park

Security

  • Security Guard
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$876

Year Built

Built in 1997

Lot Details

0

HOA Fees

$414 per month

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Spanish Palms Condo
  • Directions: FROM TROPICANA AND RAINBOW HEAD SOUTH ON RAINBOW 3/4 MILE TO ENTRANCE ON LEFT HAND SIDE. HAND GUARD YOUR CARD AND PROCEED TO THE UNIT.
  • Architectural Style: One Story
  • Carport Y N: No
  • Garage Yn: Yes
  • Efficiency: Windows
  • Property Attached Yn: Yes
  • Building Stories: 1
  • Year Built Details: RESALE
  • Year Built: 1997
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Attribution Contact: (702) 768-2636
  • Special Features: None
  • Stories: 1
  • Year Built: 1997

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Dryer, Gas Cooktop, Disposal, Gas Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Family Room, Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Luxury Vinyl, Luxury VinylPlank
  • Interior Amenities: Primary Downstairs, Window Treatments, Programmable Thermostat
  • Living Area: 744.0
  • Window Features: Insulated Windows, Window Treatments

Exterior Features

  • Fencing: Electric, Partial
  • Lot Features: Landscaped, None, Rocks
  • Pool Features: Community
  • Pool Private: No
  • Direction Faces: West
  • Exterior Features: Patio
  • Patio And Porch Features: Covered, Patio
  • Property Condition: Resale, Very Good Condition
  • Roof: Tile

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Private, Guest

Utilities

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

Condo/Co-op/Association

  • Community Features: Pool
  • Senior Community: No
  • Amenities: Business Center, Dog Park, Fitness Center, Gated, Barbecue, Pool, Guard
  • Association Fee: 414.0
  • Association Fee Frequency: Monthly
  • Association Name: SPANISH PALMS
  • Phone: 702-737-8580
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Security

Schools

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

Lot Info

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

Rental Info

  • Land Lease Amount: 1150.0

Tax Info

  • Tax Annual Amount: 876.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2024
Closed on
Jan 8, 2025
Sold by
Chao Family Trust and Chao Roger S
Bought by
Fisher Wesley Adam
Seller's Agent
Jena McIntosh
Award Realty
Buyer's Agent
Jena McIntosh
Award Realty
List Price
$225,000
Sold Price
$215,000
Premium/Discount to List
-$10,000
-4.44%
Views
2
Current Estimated Value
$220,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,057
Avg. Annual Appreciation
2.62%

Purchase Details

Closed on
May 21, 2018
Sold by
Theresa And Roger Chao Company Inc
Bought by
Chao Roger S and Chao Theresa M

Purchase Details

Listed on
Nov 14, 2016
Closed on
Nov 11, 2016
Sold by
Dk Spanish Palms Llc
Bought by
Theresa And Roger Chao Company Inc
Seller's Agent
Jeslie Jeffry
Simply Vegas
Buyer's Agent
Jena McIntosh
Award Realty
List Price
$138,900
Sold Price
$138,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.25%

Purchase Details

Closed on
Dec 20, 2013
Sold by
Spanish Palms Marketing Llc
Bought by
Dk Spanish Palms Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,640,000
Interest Rate
4.17%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 14, 2011
Sold by
The Reserve Development Llc
Bought by
Spanish Palms Marketing Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Bargain Sale Deed $215,000 Equity Title Of Nevada
Interfamily Deed Transfer -- None Available
Bargain Sale Deed $138,900 First American Title Ins
Bargain Sale Deed $19,000,000 First American Title Insura
Trustee Deed $5,500,000 Stewart Title Las Vegas War
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $38,640,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $23,450,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $11,200,000 Unknown
Previous Owner $39,400,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $137,735,100 Loan Amount Between One & Nine Billion
Previous Owner $28,152,000 Unknown
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/31/2025 01/31/25 Sold $215,000 -4.4% $289 / Sq Ft
12/26/2024 12/26/24 Pending -- -- --
12/23/2024 12/23/24 For Sale $225,000 0.0% $302 / Sq Ft
12/10/2019 12/10/19 For Rent $975 0.0% --
12/10/2019 12/10/19 Rented $975 0.0% --
12/28/2016 12/28/16 Sold $138,900 0.0% $187 / Sq Ft View Prior Sale
11/28/2016 11/28/16 Pending -- -- --
11/14/2016 11/14/16 For Sale $138,900 -- $187 / 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 $945 $42,593 $19,040 $23,553
2024 $876 $42,593 $19,040 $23,553
2023 $876 $43,387 $21,560 $21,827
2022 $811 $36,763 $16,538 $20,225
2021 $751 $35,085 $15,488 $19,597
2020 $695 $35,086 $15,488 $19,598
2019 $651 $34,459 $14,963 $19,496
2018 $621 $28,757 $9,713 $19,044
2017 $834 $28,426 $8,925 $19,501
2016 $583 $25,195 $5,513 $19,682
2015 $580 $23,669 $4,988 $18,681
2014 $562 $18,600 $5,250 $13,350
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    Jena McIntosh

    Award Realty

    (702) 768-2636

    111 Total Sales

    Jena McIntosh
    Section Image

  • M

    Buyer's Agent in 2020

    Michael Chae

    Starks Homes LLC

    (702) 499-2265

    5 Total Sales

    Michael Chae
    Section Image

  • J

    Seller's Agent in 2016

    Jeslie Jeffry

    Simply Vegas

See All Agents

Map

Source: Las Vegas REALTORS®

MLS Number: 2641729

Las Vegas REALTORS®

APN: 163-26-214-106

Nevada Clark County Las Vegas 89118

5250 S Rainbow Blvd Unit 1056, Las Vegas, NV

Sold

Condos

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