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Closed
Closed

$220,000

($28,950 down)
FHA

5250 S Rainbow Boulevard UNIT 2161, Las Vegas, NV 89118

1
1
744 sqft
PITI Monthly
$1,236.57 /mo

Listing courtesy of: Brandon Walker, HomeSmart Encore

Assumed Rate

3.07%
7.15%

Principal & Interest

$860 /mo
$1,365 /mo
$19,974 in interest paid off

What's Special

GATED COMMUNITY
MINUTES AWAY
SHOPPING
DINING
GRANITE COUNTERTOPS
STAINLESS STEEL APPLIANCES
FIREPLACE
WALK-IN CLOSET
CLUBHOUSE
FITNESS CENTER
PLAYGROUND
New Floors and Carpet in primary bedroom. Perfectly located in the 24 hour Guard-Gated community of Spanish Palms. This 2nd floor condo is
directly across from the dog park, playground & steps away from the Pool & clubhouse. Clean & Bright, this home also has an oversized 1 CAR
ATTACHED GARAGE with direct access into the unit & features a walk-in closet, stainless steel appliances, dishwasher, granite countertops in the
kitchen, vinyl plank waterproof floors, travertine in the wet areas, mirrored Dining area, Gas Fireplace, Large Lanai and Washed/ Dryer. C... Show more
... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
3.07
Remaining Loan Term
26 years, 8 months
Monthly PITI
$1,236.57/mo
Estimated Loan Balance
$191,420
Cash to close
$28,950
Interest Paid
$19,974

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 1
  • Bathrooms: 1
Cooling & Heating
  • Cooling: CentralAir, Electric
  • Heating: Central, Gas
Features
  • Materials: Drywall
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: Gas, LivingRoom
  • Flooring: Carpet, Linoleum, Marble, Vinyl

Exterior

Fencing
  • Fencing: None
Roof
  • Roof: Tile
Parking
  • Garage: Yes
  • Garage Spaces: 1
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: PublicSewer
  • Water Source: Public
Pool
  • Has Pool: No
  • Pool Features: Fenced, Heated, Waterfall, Community

Construction

Type & Style
  • Stories:
  • Home type: Condominium
  • Architectural Style: TwoStory
Materials
  • Drywall
  • Roof: Tile
Condition
  • Year Built: 1997
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Spanish Palms Condo
  • Features: Pool
HOA
  • Has HOA: Yes
  • HOA Name: Spanish Palms
  • HOA Amenities: Unknown
  • HOA Fee: $377
  • HOA Frequency: $Monthly
Location
  • Region: Las Vegas

Financial Details

  • Price per Sqft: $295.7
  • Tax Annual Amount: $1005
  • On Market Date: Aug 15, 2024
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Savings Calculator

Current cash to close is $28,950 (13%)
You can enter any amount below - secondary financing will cover the difference if needed.
13%
$
0%20%50%

You cover the entire equity of $28,950!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$191,050
Your Cash$28,950
Total Purchase Price:$220,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$860/mo
Traditional @ 7.15%
$1,416/mo
You save $556/month ($6,674/year)

*Secondary financing rates are an estimated value based on input

MLS ID: 2604683

Listing From:

Last updated: Sep 03, 2024 08:42pm

© 2025, GLVAR. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

3.07%
7.15%

Principal & Interest

$860 /mo
$1,365 /mo
$19,974 in interest paid off
Inquire about this property
​
​
​
​
​

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $28,950 (13%)
You can enter any amount below - secondary financing will cover the difference if needed.
13%
$
0%20%50%

You cover the entire equity of $28,950!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage3.07% Sellers Rate
$191,050
Your Cash$28,950
Total Purchase Price:$220,000

Assumed vs Traditional Mortgage

Assumed @ 3.07%
$860/mo
Traditional @ 7.15%
$1,416/mo
You save $556/month ($6,674/year)

*Secondary financing rates are an estimated value based on input

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May, 15 2025

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