$140,000
SOLD FEB 23, 2016

5250 S Rainbow Blvd Unit 2002 Las Vegas, NV 89118

2 Beds
2 Baths
1,034 Sq Ft
$253/mo HOA Fee

Recently Sold

$135 Per Sq Ft

8% Below List Price

61 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • Community Pool
  • Gated Community
  • Wood Flooring
  • 2 Car Attached Garage

About This Home

As of February 2016

Lovely 2- bedroom , 2 -bathroom condominium located in the Spanish Trails community and is guard gated. This unit includes granite counter tops, hardwood floors, gas fireplace and upgraded fixtures. Amenities include community pool, exercise room and club house. Conveniently located near parks, schools and shopping. This one will not last long!

Last Agent to Sell the Property

Nancy Li

Keller Williams MarketPlace License #BS.0133398 Listed on: 11/23/2015

Keller Williams MarketPlace

Last Buyer's Agent

Ally Moore

Simply Vegas License #BS.0143946

Simply Vegas

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $867

Year Built

  • Built in 1997

Lot Details

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

HOA Fees

  • $253 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Inside Entrance
  • Guest Parking
  • Open Parking

Home Design

  • Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,034 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Drapes & Rods
  • Blinds
  • Living Room with Fireplace

Kitchen

  • Gas Range
  • Microwave
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Gas Dryer Hookup

Outdoor Features

  • Patio

Schools

  • Earl Marion B* 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 management, security
  • Spanish Palms Association, Phone Number (702) 940-7066
  • Spanish Palms Condo Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool

Security

  • Security Guard
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$867

Year Built

Built in 1997

Lot Details

0

HOA Fees

$253 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, ENTRANCE WILL BE ON YOUR LEFT. GUARD WILL PROVIDE DIRECTIONS/ MAP OF PROPERTY.
  • 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
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1997

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Disposal, Gas Range, Microwave
  • Full Bathrooms: 2
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas, Living Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Hardwood
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 1034.0
  • Window Features: Blinds, Drapes

Exterior Features

  • Fencing: None
  • Lot Features: Landscaped, < 1/4 Acre
  • Pool Features: Community
  • Pool Private: No
  • Disclosures: Covenants/Restrictions Disclosure
  • Construction Type: Frame, Stucco
  • Direction Faces: South
  • Exterior Features: Patio
  • Patio And Porch Features: Patio
  • Property Condition: Good Condition, Resale
  • Roof: Tile

Garage/Parking

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

Utilities

  • Laundry Features: Gas Dryer Hookup, Laundry Closet
  • 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, Pool, Guard
  • Association Fee: 253.0
  • Association Fee Frequency: Monthly
  • Association Name: Spanish Palms
  • Phone: 702-940-7066
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Security

Schools

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

Lot Info

  • Current Use: Residential
  • Horse Amenities: None
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 867.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2015
Closed on
Feb 18, 2016
Sold by
Wang Yiran and Tian Pei Juan
Bought by
Ames Julie A
Seller's Agent
Nancy Li
Keller Williams MarketPlace
Buyer's Agent
Ally Moore
Simply Vegas
List Price
$153,000
Sold Price
$140,000
Premium/Discount to List
-$13,000
-8.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.29%
Original Mortgage
$146,000
Outstanding Balance
$117,079
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$157,929

Purchase Details

Closed on
Jun 1, 2010
Sold by
Fannie Mae
Bought by
Wang Yiran and Tian Pei Juan

Purchase Details

Closed on
Sep 17, 2009
Sold by
Raza Mohammed and Smothermon Brad
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 24, 2006
Sold by
The Reserve Development Llc
Bought by
Raza Mohammed and Smothermon Brad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,485
Interest Rate
6.29%
Source: Public Records

Range of Values:

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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 $140,000 First American Title Insura
Bargain Sale Deed $92,750 Stewart Title Las Vegas War
Trustee Deed $203,747 First American National Defa
Bargain Sale Deed $229,900 Land Title Of Nevada
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $146,000 Purchase Money Mortgage
Previous Owner $183,920 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2025 09/03/25 Price Changed $254,900 -5.4% $247 / Sq Ft
08/14/2025 08/14/25 Price Changed $269,500 -0.1% $261 / Sq Ft
08/04/2025 08/04/25 For Sale $269,900 +92.8% $261 / Sq Ft
02/23/2016 02/23/16 Sold $140,000 -8.5% $135 / Sq Ft
01/24/2016 01/24/16 Pending -- -- --
11/23/2015 11/23/15 For Sale $153,000 -- $148 / 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 $1,411 $54,704 $23,800 $30,904
2024 $1,307 $54,704 $23,800 $30,904
2023 $870 $55,579 $26,950 $28,629
2022 $1,211 $48,526 $22,050 $26,476
2021 $1,121 $46,349 $20,650 $25,699
2020 $1,038 $46,232 $20,650 $25,582
2019 $973 $45,360 $19,950 $25,410
2018 $928 $37,745 $12,950 $24,795
2017 $1,095 $37,349 $11,900 $25,449
2016 $870 $32,999 $7,350 $25,649
2015 $867 $32,207 $6,650 $25,557
2014 $842 $29,063 $7,000 $22,063
Source: Public Records

Agents Affiliated with this Home

  • j

    Seller's Agent in 2025

    julie mcdougall

    NextHome People First

    (702) 682-4727

    61 Total Sales

    julie mcdougall
    Section Image
  • Nancy Li

    Seller's Agent in 2016

    Nancy Li

    Keller Williams MarketPlace

    (702) 353-0529

    554 Total Sales

    Nancy Li
    Section Image

  • A

    Buyer's Agent in 2016

    Ally Moore

    Simply Vegas

    (702) 467-4179

    46 Total Sales

    Ally Moore
    Section Image
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Map

Source: Las Vegas REALTORS®

MLS Number: 1590413

Las Vegas REALTORS®

APN: 163-26-214-008

Nevada Clark County Las Vegas 89118

5250 S Rainbow Blvd Unit 2002, Las Vegas, NV

This home is located at 5250 S Rainbow Blvd Unit 2002, Las Vegas, NV 89118 and is currently priced at $140,000, approximately $135 per square foot. This property was built in 1997. 5250 S Rainbow Blvd Unit 2002 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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