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  • $244,888

    5250 S Rainbow Blvd Unit 1155, Spring Valley, NV 89118

    2beds
    1,034sqft
    Condominium
    Built in 1997
    -- sqft lot
    $241,000 Zestimate®
    $237/sqft
    $1,596 Estimated rent

    Home value

    $241,000

    $219,000 - $265,000

    $1,596/mo

    Zestimate® history
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    $1,558/mo

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    $1,558/mo

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    What's special

    NICE 2 BED, 2 FULL BATH 1ST FLOOR CONDO IN PRESTIGEOUS SPANISH PALMS, GUARD GATED COMMUNITY. THIS COMMUNITY HAS ALWAYS BEEN ONE OF THE PREMIERE CONDO COMMUNITIES IN LAS VEGAS, SINCE IT WAS BUILT IN 1997. UNIQUE FRONT/BACK CONFIGURATION TO ENTER THE PROPERTY THROUGH 2 CAR ATTACHED GARAGE, OR FROM THE FRONT DOOR, OPPOSITE SIDE. SEWER/TRASH/WATER, ROVING SECURITY & GUARD GATED ARE ALL INCLUDED IN THE HOA FEE. THIS IS A GREAT PROPERTY IF YOU'RE SIZING DOWN, OR JUST WANT TO LIVE IN A SAFE, SECLUDED COMMUNITY, THAT'S ALSO CLOSE TO EVERYTHING.

    Zillow last checked:

    Listing updated:

    Listed by:

    Charles Vongoerken B.0146887 702-336-5522,

    J E T Real Estate Group

    Bought with:

    Nancy A. Smith, S.0182665

    Realty ONE Group, Inc

    Source: LVR,MLS#: 2726954MLS LogoOriginating MLS: Greater Las Vegas Association of Realtors Inc

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Description: Ceiling Fan,Ceiling Light,Pbr Separate From Other,Walk-In Closet(s)
    • Dimensions: 13x12
    Bedroom 2
    • Description: Ceiling Fan,Ceiling Light,Closet
    • Dimensions: 11X11
    Primary bathroom
    • Description: Tub/Shower Combo
    Kitchen
    • Description: Breakfast Bar/Counter,Granite Countertops
    Heating
    • Central, Gas
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Dryer, Disposal, Gas Range, Microwave, Refrigerator, Washer
    • Laundry: Gas Dryer Hookup, Main Level
    Features
    • Bedroom on Main Level, Ceiling Fan(s), Primary Downstairs, Window Treatments
    • Flooring: Ceramic Tile, Luxury Vinyl Plank, Tile
    • Windows: Blinds, Double Pane Windows, Window Treatments
    • Number of fireplaces: 1
    • Fireplace features: Gas, Great Room
    Interior area
    • Total structure area: 1,034
    • Total interior livable area: 1,034 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached, Garage, Garage Door Opener, Inside Entrance, Open, Shelves, Guest
    • Attached garage spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Stories: 2
    • Patio & porch: Porch
    • Exterior features: Porch
    • Pool features: Association, Community
    • Fencing: Block,Partial
    Lot
    • Size: 0.54 Acres
    • Features: Landscaped, < 1/4 Acre
    Details
    • Parcel number: 16326214305
    • Zoning description: Single Family
    • Horse amenities: None

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Two Story
    • Property subtype: Condominium
    • Attached to another structure: Yes
    Materials
    • Roof: Tile
    Condition
    • Good Condition,Resale
    • Year built: 1997

    Utilities & green energy

    • Electric: Photovoltaics None
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Underground Utilities
    Green energy
    • Energy efficient items: Windows

    Community & neighborhood

    Security
    • Security features: Gated Community
    Community
    • Community features: Pool
    Location
    • Region: Spring Valley
    • Subdivision: Spanish Palms Condo

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $423 monthly
    • Amenities included: Clubhouse, Fitness Center, Gated, Playground, Pool, Guard
    • Services included: Maintenance Grounds, Sewer, Security, Taxes, Water
    • Association name: SPANISH PALMS
    • Association phone: 702-487-6225

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional,FHA,VA Loan

    Price history

    DateEventPrice
    1/30/2026Sold$244,888$237/sqft
    Source: LVR #2726954 Report a problem
    1/2/2026Contingent$244,888$237/sqft
    Source: LVR #2726954 Report a problem
    12/10/2025Price change$244,888-3%$237/sqft
    Source: LVR #2726954 Report a problem
    11/10/2025Price change$252,500-0.8%$244/sqft
    Source: LVR #2726954 Report a problem
    10/31/2025Price change$254,500-1%$246/sqft
    Source: LVR #2726954 Report a problem
    10/27/2025Price change$256,950-0.8%$249/sqft
    Source: LVR #2726954 Report a problem
    10/24/2025Price change$258,900-2.3%$250/sqft
    Source: LVR #2726954 Report a problem
    10/13/2025Listed for sale$264,900-3.3%$256/sqft
    Source: LVR #2726954 Report a problem
    10/1/2025Listing removed$273,888$265/sqft
    Source: LVR #2699096 Report a problem
    9/11/2025Price change$273,888-0.4%$265/sqft
    Source: LVR #2699096 Report a problem
    7/8/2025Listed for sale$274,888+23%$266/sqft
    Source: LVR #2699096 Report a problem
    4/13/2006Sold$223,400$216/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026$1,475 +8%$54,621 -1%
    2025$1,366 +7.9%$55,196 -0.5%
    2024$1,265 +8%$55,499 +14.5%
    2023$1,172 +8%$48,456 +4.7%
    2022$1,085 +7.7%$46,281 +0.3%
    2021$1,007 +6.8%$46,159 +1.9%
    2020$944 +3%$45,293 +20.2%
    2019$916 +5.7%$37,682
    2018$867 $37,682 +1.1%
    2017$867 $37,274 +13.2%
    2016$867 +3.4%$32,934 +2.4%
    2015$839 $32,149 +11%
    2014$839 $28,952
    2013-- $28,952 +7.5%
    2012-- $26,944 -7.6%
    2011-- $29,168 -8.6%
    2010-- $31,899 -25.5%
    2009-- $42,790
    2008-- $42,790 -44.5%
    2007-- $77,113 +160.8%
    2006-- $29,573

    Find assessor info on the county website

    Neighborhood: Spring Valley

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: May, Ernest,May, Ernest
    • Middle: Sawyer Grant
    • High: Durango

    Source: LVR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $241,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $241,000