NOT LISTED FOR SALE

5250 S Rainbow Blvd Unit 2038 Las Vegas, NV 89118

Spring Valley Neighborhood

Estimated Value: $213,000 - $226,000

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

Last Sold April 30, 2019

Last sale price $144,000 $194 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,557/month

218 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • 1 Car Attached Garage
  • Gated Community
  • Community Spa
  • Cooling Available

About This Home

As of April 2019

Upstairs 1 bedroom condo with two tone paint, slate flooring, solid surface countertops, and stainless steel appliances. Covered walk out balcony and oversized 1 car garage in gated community. Right across from Spring Valley Hospital.

Last Agent to Sell the Property

Steven Lum

Global Assets License #B.0023002 Listed on: 08/24/2018

Last Buyer's Agent

Chase Taylor

Keller Williams Southern NV License #S.0179985

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $678

Year Built

  • Built in 1997

Lot Details

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

HOA Fees

  • $253 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Storage or Cabinetry
  • Inside Entrance
  • Garage Door Opener
  • Guest Parking
  • Open Parking

Home Design

  • Frame Construction
  • Pitched Roof
  • Tile Roof
  • Stucco

Interior Spaces

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

Kitchen

  • Gas Range
  • Microwave
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Schools

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

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Gas
  • Cable TV Available

Community Details

Overview

  • Association fees include management, common areas, insurance, ground maintenance, recreation facilities, security, taxes, trash
  • Spanish Palms HOA, Phone Number (702) 953-2226
  • Spanish Palms Condo Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Fitness Center
  • Community Spa
  • Dog Park

Security

  • Security Guard
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$678

Year Built

Built in 1997

Lot Details

0

HOA Fees

$253 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Ownership: Condominium
  • Subdivision Name: SPANISH PALMS CONDO
  • Directions: S on rainbow from Tropicana, E into Spanish Palms entrance before Hacienda.
  • 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
  • Association Fee 3 Frequency: Monthly
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1997

Interior Features

  • Private Spa: No
  • Appliances: Dryer, Disposal, Gas Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 1
  • Possible Bedrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Gas, Living Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 744.0
  • Window Features: Blinds, Drapes

Exterior Features

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

Garage/Parking

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

Utilities

  • Laundry Features: Gas Dryer Hookup, Laundry Closet, Upper Level
  • Security: Gated Community
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Electric: Photovoltaics None
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Clubhouse, Dog Park, Fitness Center, Gated, Barbecue, Guard, Spa/Hot Tub
  • Association Name: Spanish Palms HOA
  • Phone: 702-953-2226
  • Association: Yes
  • HOA Fee 3: 253.0

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Insurance, Maintenance Grounds, Recreation Facilities, Security, Taxes, Trash

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: 678.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2018
Closed on
Apr 29, 2019
Sold by
The Leiggi Joint Trust
Bought by
Wright Gilson Dean
Seller's Agent
Steven Lum
Global Assets
Buyer's Agent
Chase Taylor
Keller Williams Southern NV
List Price
$165,000
Sold Price
$144,000
Premium/Discount to List
-$21,000
-12.73%
Total Days on Market
218
Current Estimated Value
$218,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,756
Avg. Annual Appreciation
8.67%
Original Mortgage
$136,800
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2009
Sold by
Leiggi David and Leiggi Nancy
Bought by
Leiggi David and Leiggi Nancy Yee Ling

Purchase Details

Closed on
Sep 25, 2009
Sold by
Allure Pebble Llc
Bought by
Leiggi David and Leiggi Nancy

Purchase Details

Closed on
Aug 19, 2009
Sold by
Galea Aaron
Bought by
S Rainbow Blvd Unit 2038 Trust

Purchase Details

Closed on
May 19, 2006
Sold by
The Reserve Development Llc
Bought by
Galea Aaron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,500
Interest Rate
6.87%
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
Wright Gilson Dean $144,000 Ticor Title Las Vegas Dur
Leiggi David -- None Available
Leiggi David $69,900 Chicago Title Las Vegas
S Rainbow Blvd Unit 2038 Trust $37,000 Accommodation
Galea Aaron $176,900 Land Title Of Nevada
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gilson Dean Wright $144,750
Closed Wright Gilson Dean $136,800
Previous Owner Galea Aaron $141,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2019 04/30/19 Sold $144,000 -12.7% $194 / Sq Ft
03/31/2019 03/31/19 Pending -- -- --
08/24/2018 08/24/18 For Sale $165,000 -- $222 / 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 $913 $43,044 $19,040 $24,004
2024 $887 $43,044 $19,040 $24,004
2023 $887 $43,813 $21,560 $22,253
2022 $861 $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

  • S

    Seller's Agent in 2019

    Steven Lum

    Global Assets

    (702) 683-3333

    10 in this area

    50 Total Sales

    Steven Lum
    Section Image

  • C

    Buyer's Agent in 2019

    Chase Taylor

    Keller Williams Southern NV

See All Agents

Map

Source: Las Vegas REALTORS®

MLS Number: 2025657

Las Vegas REALTORS®

APN: 163-26-214-076

Nevada Clark County Las Vegas 89118 Spring Valley

5250 S Rainbow Blvd Unit 2038, Las Vegas, NV

This home is located at 5250 S Rainbow Blvd Unit 2038, Las Vegas, NV 89118 since 24 August 2018 and is currently estimated at $218,756, approximately $294 per square foot. This property was built in 1997. 5250 S Rainbow Blvd Unit 2038 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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