NOT LISTED FOR SALE

7518 Palermo Ave Las Vegas, NV 89147

Spring Valley Neighborhood

Estimated Value: $506,506 - $535,000

4 Beds
3 Baths
2,260 Sq Ft
$230/Sq Ft Est. Value

Last Sold September 04, 2020

Last sale price $320,000 $142 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $3,033/month

34 Days on Market

Highlights

  • Fireplace in Primary Bedroom
  • 2 Car Attached Garage
  • Tile Flooring
  • Main Floor Bedroom
  • Laundry Room
  • Desert Landscape

About This Home

As of September 2020

Great 2 story home of Southwest, 2,260 Sqf 4 bedroom W/1 bedroom downstairs, 3 bath & 2 car garage. Tile throughout the 1st floor. Formal living, family room. Granite kitchen countertop. Covered patio in the backyard......

Last Agent to Sell the Property

Michael Cheung

Garden Realty LLC License #S.0061933 Listed on: 07/01/2020

Last Buyer's Agent

Eric So

Evolve Realty License #S.0187183

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,801

Year Built

  • Built in 1989

Lot Details

  • 6,534 Sq Ft Lot
  • South Facing Home
  • Back Yard Fenced
  • Block Wall Fence
  • Desert Landscape
  • Property is in average condition

HOA Fees

  • $14 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Tile Roof

Interior Spaces

  • 2,260 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Blinds
  • Family Room with Fireplace
  • 2 Fireplaces

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Fireplace in Primary Bedroom
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Gas Dryer Hookup

Schools

  • Kim Frank Elementary School
  • Sawyer Grant Middle School
  • Durango High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Underground Utilities

Community Details

  • Association fees include management
  • Spring Valley Association, Phone Number (702) 869-0937
  • Spring Valley Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,801

Year Built

Built in 1989

Lot Details

0

HOA Fees

$14 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.15
  • Subdivision Name: Spring Valley
  • Directions: Weston Trop from Rainbow, R on Tenaya, L on Parnell, first R to Beaconsfield, first L on Palermo.
  • Architectural Style: Two Story
  • Carport Y N: No
  • Garage Yn: Yes
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built Details: RESALE
  • Year Built: 1989
  • ResoPropertyType: Residential
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2
  • Year Built: 1989

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Dishwasher, Disposal, Gas Range
  • Full Bathrooms: 3
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Family Room, Gas, Primary Bedroom
  • Fireplaces: 2
  • Fireplace: Yes
  • Flooring: Carpet, Tile
  • Interior Amenities: Bedroom on Main Level
  • Living Area: 2260.0
  • Window Features: Blinds

Exterior Features

  • Fencing: Block, Back Yard
  • Lot Features: Desert Landscaping, Landscaped, < 1/4 Acre
  • Pool Private: No
  • Disclosures: Covenants/Restrictions Disclosure
  • Direction Faces: South
  • Exterior Features: Private Yard
  • Property Condition: Average Condition, Resale
  • Roof: Tile

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Laundry Features: Gas Dryer Hookup, Main Level, Laundry Room
  • 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
  • Association Fee: 170.0
  • Association Fee Frequency: Annually
  • Association Name: Spring Valley
  • Phone: 702-869-0937
  • Association: Yes
  • ResoAssociationFeeFrequency: Annually

Fee Information

  • Association Fee Includes: Association Management

Schools

  • Elementary School: Kim Frank,Kim Frank
  • High School: Durango
  • Middle Or Junior School: Sawyer Grant

Lot Info

  • Horse Amenities: None
  • Lot Size Sq Ft: 6534.0
  • Additional Parcels Description: ---
  • Zoning Description: Single Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1801.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2020
Closed on
Aug 27, 2020
Sold by
Lei Zhang Ci and Lei Jin Yuan
Bought by
Zhen Wenhao and Chen Yueyi
Seller's Agent
Michael Cheung
Garden Realty LLC
Buyer's Agent
Eric So
Evolve Realty
List Price
$329,900
Sold Price
$320,000
Premium/Discount to List
-$9,900
-3%
Current Estimated Value
$520,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,877
Avg. Annual Appreciation
10.21%
Original Mortgage
$100,000
Outstanding Balance
$91,650
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$427,237

Purchase Details

Closed on
Nov 20, 2017
Sold by
Lei Zhang Ci and Lei Jin Yuan
Bought by
Lei Family Trust
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Zhen Wenhao $320,000 Lawyers Title Of Nevada Inc
Lei Family Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zhen Wenhao $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2020 09/04/20 Sold $320,000 -3.0% $142 / Sq Ft
08/05/2020 08/05/20 Pending -- -- --
07/01/2020 07/01/20 For Sale $329,900 -- $146 / 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 $2,166 $97,487 $38,850 $58,637
2024 $2,103 $97,487 $38,850 $58,637
2023 $2,103 $91,438 $35,000 $56,438
2022 $2,042 $84,137 $32,200 $51,937
2021 $1,982 $77,426 $27,650 $49,776
2020 $1,922 $77,332 $27,650 $49,682
2019 $1,801 $73,438 $24,150 $49,288
2018 $1,719 $71,245 $23,800 $47,445
2017 $2,014 $68,657 $20,300 $48,357
2016 $1,609 $64,595 $15,750 $48,845
2015 $1,605 $56,400 $13,300 $43,100
2014 $1,811 $51,563 $10,150 $41,413
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Michael Cheung

    Garden Realty LLC

    (702) 480-7234

    23 in this area

    84 Total Sales

    Michael Cheung
    Section Image

  • E

    Buyer's Agent in 2020

    Eric So

    Evolve Realty

See All Agents

Map

Source: Las Vegas REALTORS®

MLS Number: 2209095

Las Vegas REALTORS®

APN: 163-22-422-029

Nevada Clark County Las Vegas 89147 Spring Valley

7518 Palermo Ave, Las Vegas, NV

This home is located at 7518 Palermo Ave, Las Vegas, NV 89147 since 01 July 2020 and is currently estimated at $520,877, approximately $230 per square foot. This property was built in 1989. 7518 Palermo Ave is a home located in Clark County with nearby schools including Frank Kim Elementary School, Clifford J Lawrence Junior High School, and Durango High School.

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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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