NOT LISTED FOR SALE

1016 Rainbow Ave Pensacola, FL 32505

Estimated Value: $195,644 - $216,000

3 Beds
2 Baths
1,450 Sq Ft
$139/Sq Ft Est. Value

Last Sold March 14, 2022

Last sale price $169,000 $117 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,215/month

49 Days on Market

Highlights

  • Colonial Architecture
  • Bonus Room
  • Interior Lot
  • Pensacola High School Rated A-
  • No HOA
  • Tile Flooring

About This Home

As of March 2022

LOVELY HOME! The possibilities are absolutely endless! Professional pictures will be available January 19th. This 3 bedroom/possible 4 bedroom and 2 full baths comes complete with a less than 2 year old roof! The screened in lanai is pure serenity and tranquility....the rooms are spacious and large....city sewer and water are available here...all appliances are functional and practical...the parquet and tile flooring are low maintenance! Not many nice homes in this price range....this one has great potential, just needs some TLC! SELLERS ALREADY HAVE A SURVEY TO THE HOME (savings of over $500 for the buyer)! Please reach out quickly to your favorite Realtor and arrange a tour! All measurements, sq footage, etc shall be confirmed by buyer/buyer's agent. SUBMIT OFFER ON AS IS CONTRACT.

Last Agent to Sell the Property

Patrice Vieux

MONTGOMERY REALTORS Listed on: 01/13/2022

Last Buyer's Agent

Patrice Vieux

MONTGOMERY REALTORS Listed on: 01/13/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,894

Year Built

  • Built in 1963

Lot Details

  • 10,454 Sq Ft Lot
  • Interior Lot

Parking

  • Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,450 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Family Room Downstairs
  • Combination Dining and Living Room
  • Bonus Room
  • Fire and Smoke Detector

Flooring

  • Parquet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Brentwood Elementary School
  • Bellview Middle School
  • Pensacola High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Crescent Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 44I301000008018

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,894

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Stories: 1
  • Parcel Number: 44I301000008018
  • Property Type: Residential
  • Year Built: 1963
  • Electric: Copper Wiring, Circuit Breakers
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.24
  • Subdivision Name: Crescent Lake
  • Directions: Take W going West on Beverly Parkway to right on Fairfield to right on Rainbow
  • Architectural Style: Colonial
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Kitchen Level: First
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Parquet, Tile
  • Interior Amenities: Bonus Room
  • Living Area: 1450
  • Window Features: Blinds, Drapes
  • Bedroom/Bathroom Features: Not Updated
  • Dining Room Features: Living/Dining Combo
  • Room Family Room Area: 220
  • Room Family Room Level: First
  • Room Kitchen Features: Not Updated
  • Dining Room Dining Room Level: First
  • Room Dining Room Area: 324

Exterior Features

  • Roof: Composition
  • Lot Features: Interior Lot
  • Pool Features: None
  • Construction Type: Brick
  • Foundation Details: Slab
  • Property Condition: Resale

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: Central
  • Cooling: Central Air, Ceiling Fan(s)
  • Sewer: Public Sewer
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No

Schools

  • Elementary School: Brentwood
  • High School: Pensacola
  • Middle Or Junior School: Bellview

Lot Info

  • Lot Size Sq Ft: 10454.4
  • Zoning Description: Res Single
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2022
Closed on
Mar 11, 2022
Sold by
Ladair Morton Jr Jerril and Ladair Felecia Tracey
Bought by
Karice Daniel Thomas and Karice Brandy Jane
Seller's Agent
Patrice Vieux
MONTGOMERY REALTORS
Buyer's Agent
Patrice Vieux
MONTGOMERY REALTORS
List Price
$159,900
Sold Price
$169,000
Premium/Discount to List
$9,100
5.69%
Current Estimated Value
$200,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,911
Avg. Annual Appreciation
4.88%
Original Mortgage
$166,822
Outstanding Balance
$155,866
Interest Rate
3.92%
Mortgage Type
FHA
Estimated Equity
$45,045

Purchase Details

Listed on
Nov 16, 2020
Closed on
Jan 11, 2021
Sold by
Simmons Bennora Ann
Bought by
Morton Jerril Ladair and Morton Tracey Felecia
Seller's Agent
HIRAM HOOD
Gulf Real Estate Group, LLC
Buyer's Agent
HIRAM HOOD
Gulf Real Estate Group, LLC
List Price
$149,900
Sold Price
$149,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.89%
Original Mortgage
$142,405
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 1996
Sold by
Thorn Frederick J
Bought by
Simmons Bennora Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,120
Interest Rate
8.15%
Mortgage Type
VA
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
Karice Daniel Thomas $169,900 Allure Title
Morton Jerril Ladair $149,900 New Title Company Name
Simmons Bennora Ann $56,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karice Daniel Thomas $166,822
Previous Owner Morton Jerril Ladair $142,405
Previous Owner Simmons Bennora Ann $57,120
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/14/2022 03/14/22 Sold $169,000 +5.7% $117 / Sq Ft
03/03/2022 03/03/22 Pending -- -- --
01/13/2022 01/13/22 For Sale $159,900 +6.7% $110 / Sq Ft
01/13/2021 01/13/21 Sold $149,900 0.0% $86 / Sq Ft View Prior Sale
12/10/2020 12/10/20 Pending -- -- --
11/15/2020 11/15/20 For Sale $149,900 -- $86 / Sq Ft
Source: Pensacola Association of 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
2024 $1,894 $144,098 $30,000 $114,098
2023 $1,894 $131,006 $25,000 $106,006
2022 $1,710 $114,589 $20,000 $94,589
2021 $1,362 $88,475 $0 $0
2020 $1,215 $76,733 $0 $0
2019 $1,204 $75,239 $0 $0
2018 $1,161 $70,685 $0 $0
2017 $1,110 $65,563 $0 $0
2016 $1,097 $63,856 $0 $0
2015 $1,055 $61,750 $0 $0
2014 $1,009 $58,851 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pensacola Association of REALTORS®

MLS Number: 602220

Pensacola Association of REALTORS®

APN: 44-1S-30-1000-008-018