$193,000
SOLD SEP 1, 2021

5250 S Rainbow Blvd Unit 2012 Las Vegas, NV 89118

Spring Valley Neighborhood
1 Bed
1 Bath
744 Sq Ft
$253/mo HOA Fee

Recently Sold

$259 Per Sq Ft

1% Below List Price

12 Days on Market

Highlights

  • Gated Community
  • Marble Flooring
  • Community Pool
  • Clubhouse
  • Furnished
  • Balcony

About This Home

As of November 2024

Lushly landscaped, guard gated community near Spanish Trail, Spring Valley Hospital, easy access to 215 Beltway & McCarran International, and approximately 3.5 miles from the Fabulous Las Vegas Strip. New flooring, A/C, nearly new washer/dryer, stainless steel kitchen appliances. Fully furnished with a tenant in place this is a great investor property or can qualify for owner-occupied financing.

Last Agent to Sell the Property

Frank Nason

Residential Resources Inc License #B.0033121 Listed on: 07/20/2021

Last Buyer's Agent

Rachel Gaston

eXp Realty License #S.0189731

eXp Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $809

Year Built

  • Built in 1997

Lot Details

  • West Facing Home
  • Landscaped
  • Property is in very good condition

HOA Fees

  • $253 Monthly HOA Fees

Parking

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

Home Design

  • Tile Roof

Interior Spaces

  • 744 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Blinds
  • Living Room with Fireplace

Kitchen

  • Gas Range
  • <<microwave>>
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Marble

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient HVAC
  • Energy-Efficient Doors

Outdoor Features

  • Balcony

Schools

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

Utilities

  • Evaporated cooling system
  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Underground Utilities
  • Gas Water Heater
  • Cable TV Available

Community Details

Overview

  • Association fees include ground maintenance, reserve fund, security, trash, water
  • Spanish Palms Association, Phone Number (702) 487-6225
  • Spanish Palms Condo Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Clubhouse

Recreation

  • Community Pool

Security

  • Security Guard
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$809

Year Built

Built in 1997

Lot Details

0

HOA Fees

$253 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Spanish Palms Condo
  • Directions: From 215 Beltway take exit 15 Rainbow north approx. 2.2 miles to Spanish Palms entrance. Turn right after gate, then right again to Building 2
  • Architectural Style: Two Story
  • Carport Y N: No
  • Garage Yn: Yes
  • Efficiency: Doors, Windows, HVAC
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1997
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Condominium
  • Attribution Contact: 702-595-2800
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1997

Interior Features

  • Furnished: Furnished
  • Private Spa: No
  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater, Washer
  • Three Quarter Bathrooms: 1
  • Possible Bedrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Gas, Living Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Laminate, Marble
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 744.0
  • Window Features: Blinds, Double Pane Windows

Exterior Features

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

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Attached, Garage, Garage Door Opener, Guest, Inside Entrance, Private

Utilities

  • Laundry Features: Gas Dryer Hookup, In Garage
  • Security: Gated Community
  • Cooling: Central Air, Evaporative Cooling, Electric
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Electric: Photovoltaics None
  • Sewer: Public Sewer
  • Utilities: Cable Available, Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool
  • Senior Community: No
  • Amenities: Clubhouse, Gated, Pool, Guard
  • Association Fee: 253.0
  • Association Fee Frequency: Monthly
  • Association Name: Spanish Palms
  • Phone: 702-487-6225
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Maintenance Grounds, Reserve Fund, Security, Trash, 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: 744.0
  • Additional Parcels Description: ---
  • Zoning Description: Single Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Land Lease Amount: 1900.0

Tax Info

  • Tax Annual Amount: 809.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2024
Closed on
Nov 26, 2024
Sold by
Cook Michael H
Bought by
Cave Claudia
Seller's Agent
Delinda Smith
SMG Realty
Buyer's Agent
Jasmine Bega
Sphere Real Estate
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%
Views
57
Current Estimated Value
$218,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,856
Avg. Annual Appreciation
-1.36%
Original Mortgage
$216,015
Outstanding Balance
$215,200
Interest Rate
6.32%
Mortgage Type
FHA
Estimated Equity
$2,944

Purchase Details

Listed on
Jul 20, 2021
Closed on
Aug 31, 2021
Sold by
Sisneros John
Bought by
Cook Michael H
Seller's Agent
Frank Nason
Residential Resources Inc
Buyer's Agent
Rachel Gaston
eXp Realty
List Price
$195,000
Sold Price
$193,000
Premium/Discount to List
-$2,000
-1.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.12%
Original Mortgage
$187,540
Interest Rate
2.7%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 24, 2006
Sold by
The Reserve Development Llc
Bought by
Sisneros John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,720
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 Type Sale Price Title Company
Bargain Sale Deed $220,000 Wfg Title
Bargain Sale Deed $193,000 Chicago Title Las Vegas
Interfamily Deed Transfer -- Chicago Title Las Vegas
Bargain Sale Deed $175,900 Land Title Of Nevada
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $216,015 FHA
Previous Owner $187,540 FHA
Previous Owner $5,626 Unknown
Previous Owner $140,720 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2024 11/25/24 Sold $220,000 -0.9% $296 / Sq Ft
11/04/2024 11/04/24 Pending -- -- --
10/17/2024 10/17/24 Price Changed $222,000 -1.3% $298 / Sq Ft
10/09/2024 10/09/24 For Sale $225,000 0.0% $302 / Sq Ft
10/01/2024 10/01/24 Pending -- -- --
09/15/2024 09/15/24 For Sale $225,000 +16.6% $302 / Sq Ft
09/01/2021 09/01/21 Sold $193,000 -1.0% $259 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
07/20/2021 07/20/21 For Sale $195,000 -- $262 / 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 $954 $43,044 $19,040 $24,004
2024 $927 $43,044 $19,040 $24,004
2023 $927 $43,813 $21,560 $22,253
2022 $900 $37,158 $16,538 $20,620
2021 $874 $35,462 $15,488 $19,974
2020 $809 $35,465 $15,488 $19,977
2019 $758 $34,834 $14,963 $19,871
2018 $723 $29,121 $9,713 $19,408
2017 $845 $28,799 $8,925 $19,874
2016 $678 $25,572 $5,513 $20,059
2015 $676 $24,040 $4,988 $19,052
2014 $655 $22,283 $5,250 $17,033
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2316212

Las Vegas REALTORS®

APN: 163-26-214-024