$197,000
SOLD SEP 11, 2020

5250 S Rainbow Blvd Unit 2120 Las Vegas, NV 89118

Spring Valley Neighborhood
2 Beds
2 Baths
1,034 Sq Ft
$262/mo HOA Fee

Recently Sold

$191 Per Sq Ft

1% Below List Price

4 Days on Market

Highlights

  • Fitness Center
  • Clubhouse
  • Great Room
  • Gated Community
  • Main Floor Primary Bedroom
  • Community Pool

About This Home

As of September 2020

* SPANISH PALMS * GUARD GATED CONDO * IMMACULATELY CLEAN * 2 BEDROOM * 2 BATHROOM * OVER SIZED 2 CAR ATTACHED GARAGE WITH DIRECT ENTRANCE INTO HOME * PRIVATE AND SECURE UPSTAIRS LOCATION * CONVENIENTLY LOCATED 4 MILES FROM THE FAMOUS LAS VEGAS STRIP * CLOSE TO RESTAURANTS, SHOPPING, SPRING VALLEY HOSPITAL, AND THE I 215 * HIGH CEILINGS * STAINLESS STEELE APPLIANCES * GRANITE COUNTERS * GAS FIREPLACE * PATIO W/BAR * VINYL WOOD PLANK FLOORING * REFRIGERATOR, WASHER, AND DRYER INCLUDED * COMMUNITY FEATURES INCLUDE TWO POOLS, FITNESS CENTER, PET PARK, PLAYGROUND, BBQ AREA, 24/7 SECURITY, AND ON SITE HOA OFFICE * LINK FOR 3D VIRTUAL TOUR * PRICED BELOW THE TWO MOST RECENT COMPS *

Last Agent to Sell the Property

William Santoro

Realty ONE Group, Inc License #S.0059235 Listed on: 08/07/2020

Last Buyer's Agent

Wing Yim

Vegas Pro Realty LLC License #S.0034891

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $863

Year Built

  • Built in 1997

Lot Details

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

HOA Fees

  • $262 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Inside Entrance
  • Guest Parking
  • Open Parking

Home Design

  • Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,034 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Fireplace
  • Blinds
  • Great Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Laundry in Garage
  • Dryer
  • Washer

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 management, ground maintenance, recreation facilities, security, water
  • Spanish Palms Association, Phone Number (702) 487-6225
  • Spanish Palms Condo Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool
  • Dog Park

Security

  • Security Guard
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$863

Year Built

Built in 1997

Lot Details

0

HOA Fees

$262 per month

Parking

2

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Ownership: Condominium
  • Subdivision Name: Spanish Palms Condo
  • Directions: FROM TROPICANA AND RAINBOW: SOUTH ON RAINBOW. LEFT INTO THE SPANISH PALMS COMMUNITY, TO THE GUARD GATE. THE PROPERTY IS LOCATED IN BUILDING #24.
  • 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: Dryer, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas, Great Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Linoleum, Vinyl
  • Interior Amenities: Bedroom on Main Level, Ceiling Fan(s), Primary Downstairs
  • Living Area: 1034.0
  • Window Features: Blinds

Exterior Features

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

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Open Parking: Yes
  • Parking Features: Attached, Garage, Inside Entrance, Open, Private, Guest

Utilities

  • Laundry Features: Gas Dryer Hookup, In Garage, Main Level
  • Security: Gated Community
  • 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

  • Community Features: Pool
  • Senior Community: No
  • Amenities: Clubhouse, Dog Park, Fitness Center, Gated, Barbecue, Pool, Guard, Security
  • Association Fee: 262.0
  • Association Fee Frequency: Monthly
  • Association Name: Spanish Palms
  • Phone: 702-487-6225
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Association Management, Maintenance Grounds, Recreation Facilities, Security, Water

Schools

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

Lot Info

  • Horse Amenities: None
  • Additional Parcels Description: ---
  • Zoning Description: Multi-Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 863.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2020
Closed on
Sep 10, 2020
Sold by
Wamble Lisa B and The Lbw Living Trust
Bought by
Yim Wing and Li Hanxia
Seller's Agent
William Santoro
Realty ONE Group, Inc
Buyer's Agent
Wing Yim
Vegas Pro Realty LLC
List Price
$199,900
Sold Price
$197,000
Premium/Discount to List
-$2,900
-1.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.81%

Purchase Details

Closed on
May 2, 2016
Sold by
Dk Spanish Palms Llc
Bought by
Wamble Lisa B and The Lbw Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,200
Interest Rate
3.58%
Mortgage Type
New Conventional

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
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 $197,000 Lawyers Title Chinatown L
Bargain Sale Deed $169,000 First American Title Ins
Bargain Sale Deed $19,000,000 First American Title Insura
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $135,200 New Conventional
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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2025 06/16/25 Price Changed $260,000 -0.7% $251 / Sq Ft
05/21/2025 05/21/25 Price Changed $261,900 -1.1% $253 / Sq Ft
05/03/2025 05/03/25 Price Changed $264,900 -1.5% $256 / Sq Ft
04/18/2025 04/18/25 Price Changed $269,000 -1.3% $260 / Sq Ft
03/29/2025 03/29/25 Price Changed $272,500 -0.9% $264 / Sq Ft
03/21/2025 03/21/25 Price Changed $275,000 -1.8% $266 / Sq Ft
03/06/2025 03/06/25 Price Changed $280,000 -1.8% $271 / Sq Ft
02/08/2025 02/08/25 For Sale $285,000 +44.7% $276 / Sq Ft
09/11/2020 09/11/20 Sold $197,000 -1.5% $191 / Sq Ft
08/12/2020 08/12/20 Pending -- -- --
08/07/2020 08/07/20 For Sale $199,900 -- $193 / 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 $1,252 $54,704 $23,800 $30,904
2024 $1,160 $54,704 $23,800 $30,904
2023 $1,160 $55,579 $26,950 $28,629
2022 $1,074 $48,526 $22,050 $26,476
2021 $995 $46,349 $20,650 $25,699
2020 $921 $46,232 $20,650 $25,582
2019 $863 $45,360 $19,950 $25,410
2018 $824 $37,745 $12,950 $24,795
2017 $1,095 $37,349 $11,900 $25,449
2016 $772 $32,999 $7,350 $25,649
2015 $769 $32,207 $6,650 $25,557
2014 $745 $24,660 $7,000 $17,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Las Vegas REALTORS®

MLS Number: 2218619

Las Vegas REALTORS®

APN: 163-26-214-240