$328,000
SOLD SEP 27, 2024

5250 S Rainbow Blvd Unit 2054 Las Vegas, NV 89118

Spring Valley Neighborhood
3 Beds
2 Baths
1,131 Sq Ft
$370/mo HOA Fee

Recently Sold

$290 Per Sq Ft

49 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Clubhouse
  • Spa
  • 0.54 Acre Lot
  • Balcony

About This Home

As of September 2024

Make yourself at home in the serene Spanish Palms community, where security is assured and beauty abounds! Positioned conveniently close to Spring Valley Hospital, and surrounded by a wealth of dining, shopping, and entertainment options, with easy access to the 215 beltway. This 3-bedroom, 2-bathroom condo features a generous balcony and a 2-car garage with added storage space. This inviting space is perfect for unwinding after a long day. Community amenities include multiple pool/spa areas, a top-notch fitness center, a park and playground, a clubhouse with a business center, a dog park, a putting green, and much more. With everything you need at your fingertips, both within your home and throughout the community, this is the ultimate in comfortable living. Complete furnishings available separately, please inquire about more info.

Last Agent to Sell the Property

Demetria Kalfas-Gordon

Hive Real Estate Group License #B.0145387 Listed on: 08/09/2024

Last Buyer's Agent

Eric King

LIFE Realty District License #S.0177326

LIFE Realty District

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,151

Year Built

  • Built in 1997

Lot Details

  • North Facing Home
  • Electric Fence
  • Landscaped
  • Property is in excellent condition

HOA Fees

  • $370 Monthly HOA Fees

Parking

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

Home Design

  • Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,131 Sq Ft Home
  • 2-Story Property
  • Furnished or left unfurnished upon request
  • Ceiling Fan
  • Gas Fireplace
  • Double Pane Windows
  • Drapes & Rods
  • Blinds
  • Living Room with Fireplace

Kitchen

  • Gas Range
  • Warming Drawer
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Pool

  • Spa
  • Waterfall Pool Feature

Schools

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

Utilities

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

Additional Features

  • Energy-Efficient Windows
  • Balcony

Community Details

Overview

  • Association fees include management, ground maintenance, recreation facilities, sewer, security, trash, water
  • Spanish Palms Association, Phone Number (702) 804-8885
  • Spanish Palms Condo Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Spa
  • Park
  • Dog Park

Pet Policy

  • Pet Restriction

Security

  • Security Guard
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,151

Year Built

Built in 1997

Lot Details

0

HOA Fees

$370 per month

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.5351
  • Ownership: Condominium
  • Subdivision Name: Spanish Palms Condo
  • Directions: From 215 W head North on Rainbow, right into Spanish Palms guard gated community. Park in front of clubhouse - Unit is near fitness center on the right #2054.
  • 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
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1997

Interior Features

  • Furnished: Furnished Or Unfurnished
  • Spa Features: Outdoor Hot Tub
  • Private Spa: No
  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Water Heater, Warming Drawer, Washer
  • Full Bathrooms: 2
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas, Living Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Luxury Vinyl, Luxury VinylPlank, Tile
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 1131.0
  • Window Features: Blinds, Double Pane Windows, Drapes

Exterior Features

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

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: Attached, Finished Garage, Garage, Garage Door Opener, Inside Entrance, Open, Private, Storage, Guest

Utilities

  • Laundry Features: Gas Dryer Hookup, Laundry Closet
  • Security: Gated Community
  • Cooling: Central Air, 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, Dog Park, Fitness Center, Gated, Barbecue, Playground, Park, Pool, Pet Restrictions, Guard, Spa/Hot Tub
  • Association #2 Fee Frequency: Monthly
  • Association Fee: 370.0
  • Association Fee Frequency: Monthly
  • Association Name: Spanish Palms
  • Phone: 702-804-8885
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Maintenance Grounds, Recreation Facilities, Sewer, 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: 23308.0
  • Additional Parcels Description: ---
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1151.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2024
Closed on
Sep 20, 2024
Sold by
Stephens Capital Investments Llc
Bought by
Pellegrino Pasquale A
Seller's Agent
Demetria Kalfas-Gordon
Hive Real Estate Group
Buyer's Agent
Eric King
LIFE Realty District
List Price
$327,500
Sold Price
$328,000
Premium/Discount to List
$500
0.15%
Total Days on Market
49
Views
13
Current Estimated Value
$325,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,076
Avg. Annual Appreciation
-0.93%
Original Mortgage
$200,000
Outstanding Balance
$198,898
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$127,026

Purchase Details

Listed on
Aug 9, 2024
Closed on
Sep 17, 2024
Sold by
Perez Valerie
Bought by
Pellegrino Pasquale A
Seller's Agent
Demetria Kalfas-Gordon
Hive Real Estate Group
Buyer's Agent
Eric King
LIFE Realty District
List Price
$327,500
Sold Price
$328,000
Premium/Discount to List
$500
0.15%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$198,898
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$127,026

Purchase Details

Closed on
Jun 28, 2022
Sold by
Derek Stephens
Bought by
Stephens Capital Investments Llc

Purchase Details

Closed on
Feb 18, 2022
Sold by
Metro Alliance Ltd
Bought by
Stephens Derek

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,400
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2019
Sold by
Lee Eric Chih Yen
Bought by
Metro Alliance Ltd

Purchase Details

Closed on
May 15, 2015
Sold by
Dk Spanish Palms Llc
Bought by
Lee Eric Chih Yen

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
Unknown

Purchase Details

Closed on
Apr 14, 2011
Sold by
The Reserve Development Llc
Bought by
Spanish Palms Marketing Llc
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 Type Sale Price Title Company
Bargain Sale Deed $328,000 Wfg National Title
Quit Claim Deed -- Wfg National Title
Bargain Sale Deed -- None Listed On Document
Bargain Sale Deed $286,000 Chicago Title
Bargain Sale Deed $216,000 Ticor Title Green Valley
Bargain Sale Deed $166,900 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
Open $200,000 New Conventional
Previous Owner $257,400 New Conventional
Previous Owner $38,640,000 Unknown
Previous Owner $23,450,000 Unknown
Previous Owner $11,200,000 Purchase Money Mortgage
Previous Owner $39,400,000 Unknown
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 Change Sq Ft Price
09/27/2024 09/27/24 Sold $328,000 +0.2% $290 / Sq Ft
08/09/2024 08/09/24 For Sale $327,500 +96.2% $290 / Sq Ft
09/03/2015 09/03/15 Sold $166,900 0.0% $148 / Sq Ft
09/03/2015 09/03/15 For Sale $166,900 0.0% $148 / Sq Ft
08/15/2015 08/15/15 For Rent $1,350 0.0% --
08/15/2015 08/15/15 Rented $1,350 -- --
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 $1,185 $59,998 $26,180 $33,818
2024 $1,151 $59,998 $26,180 $33,818
2023 $1,151 $60,972 $29,645 $31,327
2022 $1,172 $54,336 $25,358 $28,978
2021 $1,085 $50,841 $22,715 $28,126
2020 $1,005 $50,666 $22,715 $27,951
2019 $942 $49,720 $21,945 $27,775
2018 $899 $41,347 $14,245 $27,102
2017 $1,199 $40,875 $13,090 $27,785
2016 $842 $36,103 $8,085 $28,018
2015 $839 $35,212 $7,315 $27,897
2014 $813 $26,908 $7,700 $19,208
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2607555

Las Vegas REALTORS®

APN: 163-26-214-110