$195,000
SOLD MAY 21, 2025

5250 S Rainbow Blvd Unit 2070 Las Vegas, NV 89118

Spring Valley Neighborhood
1 Bed
1 Bath
744 Sq Ft
$442/mo HOA Fee

Recently Sold

$262 Per Sq Ft

5% Below List Price

16 Days on Market

Highlights

  • Fitness Center
  • Main Floor Primary Bedroom
  • Business Center
  • 23,296 Sq Ft lot
  • Community Pool
  • Balcony

About This Home

As of May 2025

PEACEFUL, QUIET LOCATION!!! 1 BEDROOM UPSTAIRS UNIT WITH BEAUTIFUL TREE VIEWS!!!OPEN KITCHEN FLOORPLAN WITH WOOD BLINDS, LUXURY VINYL PLANK FLOORING! FRESHLY EPOXIED GARAGE FLOORING, NEW TOILET AND FRESHLY PAINTED PATIO AREAS.

Last Agent to Sell the Property

Jena McIntosh

Award Realty Brokerage Phone: (702) 768-2636 License #S.0037093 Listed on: 05/05/2025

Last Buyer's Agent

Priscilla Geraldo

LIFE Realty District License #S.0199135

LIFE Realty District

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $959

Year Built

  • Built in 1997

Lot Details

  • West Facing Home
  • Desert Landscape
  • Property is in very good condition

HOA Fees

  • $442 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Guest Parking

Home Design

  • Tile Roof

Interior Spaces

  • 744 Sq Ft Home
  • 1-Story Property
  • Furnished or left unfurnished upon request
  • Gas Fireplace
  • Insulated Windows
  • Blinds
  • 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 closet
  • 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
  • Balcony

Community Details

Overview

  • Association fees include common areas, taxes
  • Spanish Palms Association, Phone Number (702) 220-5162
  • Spanish Palms Condo Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Community Barbecue Grill
  • Business Center

Recreation

  • Fitness Center
  • Community Pool
  • Park

Property Details

Home Type

Condominium

Est. Annual Taxes

$959

Year Built

Built in 1997

Lot Details

0

HOA Fees

$442 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Spanish Palms Condo
  • Directions: FROM RAINBOW AND TROPICANA HEAD SOUTH ON RAINBOW APPROXIMATELY 3/4 MILE TO GUARD GATED ENTRY ON LEFT HAND SIDE. HEAD THROUGH TO BUILDING 14 UNIT #2070.
  • 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: VirtualTour
  • Stories: 1
  • Year Built: 1997

Interior Features

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

Exterior Features

  • Fencing: None
  • Lot Features: Desert Landscaping, 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, Guest, Private

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Laundry Closet
  • 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, Fitness Center, Barbecue, Park, Pool
  • Association Fee: 442.0
  • Association Fee Frequency: Monthly
  • Association Name: SPANISH PALMS
  • Phone: 702-220-5162
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Common Areas, Taxes

Schools

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

Lot Info

  • Horse Amenities: None
  • Lot Size Sq Ft: 23296.0
  • Additional Parcels Description: ---
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Rental Info

  • Land Lease Amount: 1200.0

Tax Info

  • Tax Annual Amount: 959.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2025
Closed on
May 14, 2025
Sold by
Chao Family Trust and Chao Roger S
Bought by
Olea Jason Mitchel
Seller's Agent
Jena McIntosh
Award Realty
Buyer's Agent
Priscilla Geraldo
LIFE Realty District
List Price
$205,000
Sold Price
$195,000
Premium/Discount to List
-$10,000
-4.88%
Total Days on Market
16
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
237.36%

Purchase Details

Closed on
Aug 21, 2018
Sold by
Roger Chao Company Inc
Bought by
Chao Roger 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 Co 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
5.14%

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

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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 $195,000 Equity Title
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 Change Sq Ft Price
05/21/2025 05/21/25 Sold $195,000 -4.9% $262 / Sq Ft
05/05/2025 05/05/25 For Sale $205,000 0.0% $276 / Sq Ft
12/29/2017 12/29/17 Rented $900 -5.3% --
11/29/2017 11/29/17 Under Contract -- -- --
11/27/2017 11/27/17 For Rent $950 0.0% --
12/28/2016 12/28/16 Sold $138,900 0.0% $187 / Sq Ft
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 $959 $43,044 $19,040 $24,004
2024 $889 $43,044 $19,040 $24,004
2023 $889 $43,813 $21,560 $22,253
2022 $823 $37,158 $16,538 $20,620
2021 $763 $35,462 $15,488 $19,974
2020 $705 $35,465 $15,488 $19,977
2019 $661 $34,834 $14,963 $19,871
2018 $631 $29,121 $9,713 $19,408
2017 $845 $28,799 $8,925 $19,874
2016 $592 $25,572 $5,513 $20,059
2015 $589 $24,040 $4,988 $19,052
2014 $571 $18,884 $5,250 $13,634
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2680338

Las Vegas REALTORS®

APN: 163-26-214-140