$500,000
SOLD JUL 19, 2016

7470 N Rainbow Blvd Las Vegas, NV 89131

Tule Springs Neighborhood
4.18 Acres
$119,617 Price per Acre
182,081 Sq Ft Lot

Recently Sold

37% Below List Price

529 Days on Market

Highlights

  • Horses Allowed On Property
  • 4.18 Acre Lot
  • Fenced
  • Gated Community
  • No HOA

About This Lot

As of July 2016

Great opportunity to own a ranch or develop and build new homes in a prime location! 4.18 acres, zoned RE (rural estates residential). Was previously approved for eight, 1/2 acre, homesites but the map was not recorded. This unique location has a rural feel but easy access to freeways, shopping, and dining and surrounded by huge homes.

Last Agent to Sell the Property

Russ Arnold

The Agency Las Vegas License #S.0167749 Listed on: 01/06/2015

The Agency Las Vegas

Last Buyer's Agent

Darlene Phillips

Signature Real Estate Group License #S.0068494

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,011

Year Built

  • Built in 1987

Lot Details

  • 4.18 Acre Lot
  • Fenced
  • Property is in below average condition

Additional Features

  • Horses Allowed On Property
  • Septic Tank

Community Details

  • No Home Owners Association
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$3,011

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Horses: Yes
  • Lot Size Acres: 4.18
  • Directions: From Rainbow and Farm, north 1 block on Rainbow to the corner of Rainbow and Via Provenza
  • Year Built: 1987
  • ResoPropertyType: Land
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: Fenced
  • Lot Features: RV Lot
  • Property Condition: Poor Condition

Utilities

  • Security: Gated Community
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Septic Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gated
  • Association: No

Lot Info

  • Horse Amenities: Horses Allowed
  • Additional Parcels Description: NumParcels:1
  • Zoning Description: Rural
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3011.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2023
Sold by
Cogar Allison A and Cogar Christopher M
Bought by
Castro Lalena and Brown Kenyaun
Current Estimated Value
$1,611,439

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,140,000
Outstanding Balance
$1,125,079
Interest Rate
7.57%
Mortgage Type
New Conventional
Estimated Equity
$366,565

Purchase Details

Closed on
Apr 23, 2021
Sold by
Bwnv Llc
Bought by
Cogar Christopher M and Cogar Allison A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,175,000
Interest Rate
2.7%
Mortgage Type
VA

Purchase Details

Closed on
Mar 11, 2021
Sold by
Klapperick Robert L and Klapperick Patricia A
Bought by
Cogar Allison A and Cogar Christopher M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,175,000
Interest Rate
2.7%
Mortgage Type
VA

Purchase Details

Closed on
May 3, 2017
Sold by
Klapperick Robert and Klapperick Patricia
Bought by
Klapperick Robert L and Klapperick Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,100
Interest Rate
4.23%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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 $1,425,000 Chicago Title
Quit Claim Deed $19,000 None Listed On Document
Bargain Sale Deed $1,175,000 First American Title Insu
Interfamily Deed Transfer -- Equity Title Of Nevada
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,140,000 New Conventional
Previous Owner $1,175,000 VA
Previous Owner $564,000 New Conventional
Previous Owner $424,100 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2016 07/19/16 Sold $500,000 0.0% --
07/19/2016 07/19/16 Sold $500,000 -37.4% $122 / Sq Ft
06/19/2016 06/19/16 Pending -- -- --
06/19/2016 06/19/16 Pending -- -- --
01/08/2015 01/08/15 For Sale $799,000 0.0% $194 / Sq Ft
01/06/2015 01/06/15 For Sale $799,000 -- --
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 $6,652 $330,620 $118,125 $212,495
2024 $6,160 $330,620 $118,125 $212,495
2023 $5,807 $297,786 $98,000 $199,786
2022 $5,981 $274,147 $89,600 $184,547
2021 $6,022 $215,378 $81,200 $134,178
2020 $4,567 $215,963 $81,200 $134,763
2019 $4,280 $209,694 $77,000 $132,694
Source: Public Records

Agents Affiliated with this Home

  • Russ Arnold

    Seller's Agent in 2016

    Russ Arnold

    The Agency Las Vegas

    (702) 501-2992

    1 in this area

    96 Total Sales

    Section Image
  • Darlene Phillips

    Buyer's Agent in 2016

    Darlene Phillips

    Signature Real Estate Group

    (702) 219-9080

    26 Total Sales

    Section Image
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Map

Source: Las Vegas REALTORS®

MLS Number: 1505725

Las Vegas REALTORS®

APN: 125-14-304-005

Nevada Clark County Las Vegas 89131 Tule Springs

7470 N Rainbow Blvd, Las Vegas, NV

This home is located at 7470 N Rainbow Blvd, Las Vegas, NV 89131 and is currently priced at $500,000. This property was built in 1987. 7470 N Rainbow Blvd is a home located in Clark County with nearby schools including Howard E Heckethorn Elementary School, Anthony Saville Middle School, and Shadow Ridge High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Las Vegas REALTORS® The data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. Information is deemed reliable but not guaranteed. Copyright 2025 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.

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