$138,900
SOLD DEC 28, 2016

5250 S Rainbow Blvd Unit 2070 Las Vegas, NV 89118

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

Recently Sold

$187 Per Sq Ft

14 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • Community Basketball Court
  • Gated Community
  • Wood Flooring
  • Balcony

About This Home

As of May 2025

SPANISH PALMS IS YOUR PERSONAL RETREAT, A RELAXED STYLE OF DESERT RESORT LIVING W/ THE CONVENIENCES OF CITY LIFE WITHIN CLOSE REACH. BEAUTIFUL 1 BED, 1 BATH HOME FEATURES OPEN FLR PLAN, GENEROUS KITC W/ GRANITE COUNTERS, GAS FRPLC, LRG WLK-IN CLOSET, PRIV BALC, GARG W/ STORAGE. SPANISH PALMS OFFERS RESORT STYLE AMENITIES AT HOME. POOL, GRILLS, CLUB HOUSE, FITNESS STUDIO, PET PARK, PUTT GRN & MORE! MINS TO 215 FREEWAY.

Last Agent to Sell the Property

Jeslie Jeffry

Simply Vegas License #S.0167610 Listed on: 11/14/2016

Last Buyer's Agent

Jena McIntosh

Award Realty License #S.0037093

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $580

Year Built

  • Built in 1997

Lot Details

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

HOA Fees

  • $253 Monthly HOA Fees

Parking

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

Home Design

  • Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

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

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in Garage
  • Gas Dryer Hookup

Outdoor Features

  • Balcony

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 sewer, security, trash, water
  • First Service Association, Phone Number (702) 215-5077
  • Spanish Palms Condo Subdivision, Cabana Floorplan
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Clubhouse

Recreation

  • Community Basketball Court
  • Community Playground
  • Fitness Center

Security

  • Security Guard
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$580

Year Built

Built in 1997

Lot Details

0

HOA Fees

$253 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Ownership: Condominium
  • 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: Dishwasher, Disposal, Gas Range, Microwave, Refrigerator
  • Full Bathrooms: 1
  • Possible Bedrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Gas, Living Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Ceiling Fan(s)
  • Living Area: 744.0
  • Window Features: Blinds

Exterior Features

  • Fencing: None
  • Lot Features: Landscaped, None
  • Pool Private: No
  • Disclosures: Covenants/Restrictions Disclosure
  • Construction Type: Frame, Stucco
  • Direction Faces: North
  • Exterior Features: Balcony
  • Patio And Porch Features: Balcony
  • Property Condition: Excellent, Resale
  • Roof: Tile

Garage/Parking

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

Utilities

  • Laundry Features: Gas Dryer Hookup, In Garage
  • 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

  • Senior Community: No
  • Amenities: Basketball Court, Clubhouse, Fitness Center, Gated, Playground, Guard
  • Association Fee: 253.0
  • Association Fee Frequency: Monthly
  • Association Name: First Service
  • Phone: 702-215-5077
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Sewer, Security, Trash, Water

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: 580.0

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%
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
53.05%

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
5.06%

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

See All Agents

Map

Source: Las Vegas REALTORS®

MLS Number: 1849667

Las Vegas REALTORS®

APN: 163-26-214-140