NOT LISTED FOR SALE

1048 Rainbow Dr Lafayette, IN 47904

Elmwood Neighborhood

Estimated Value: $171,696 - $256,000

3 Beds
1 Bath
768 Sq Ft
$262/Sq Ft Est. Value

Last Sold August 07, 2015

Last sale price $37,000 $48 Per Sq Ft

Est. 444% increase in value since last sale

Current estimated payment $1,380/month

8 Days on Market

Highlights

  • Ranch Style House
  • Forced Air Heating and Cooling System
  • Level Lot
  • 1 Car Detached Garage

About This Home

As of August 2015

Excellent investment opportunity, great location near shopping, nice large backyard, home is NOT an REO or short sale, this would be a quick and easy sale, most likely cash offer needed. Sold "As-in" condition. Inspections are welcomed, but seller will not make any repairs.

Last Agent to Sell the Property

Tom Marshall

Marshall Real Estate Services Listed on: 07/20/2015

Last Buyer's Agent

Julia Huffer

Huffer Real Estate LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1949

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 70 x 137
  • Chain Link Fence
  • Level Lot

Parking

  • 1 Car Detached Garage
  • Driveway

Home Design

  • Ranch Style House
  • Slab Foundation
  • Asphalt Roof

Interior Spaces

  • 768 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Location

  • Suburban Location

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 79-07-21-277-008.000-004

Home Details

Home Type

Single Family

Year Built

Built in 1949

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1949
  • Age: 66
  • Style: One Story
  • Architectural Style: Ranch
  • Total Number of Rooms: 5
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: RAINBOW RIDGE ADDN LOT 19
  • Parcel Number ID: 79-07-21-277-008.000-004
  • Platted: Yes
  • Location: City/Town/Suburb
  • Sp Lp Percent: 92.73
  • Special Features: None

Interior Features

  • Total Sq Ft: 768
  • Total Finished Sq Ft: 768
  • Above Grade Finished Sq Ft: 768
  • Basement Foundation: Slab
  • Flooring: Laminate
  • Living Great Room: Dimensions: 14x12, On Level: Main
  • Kitchen: Dimensions: 10x10, On Level: Main
  • Bedroom 1: Dimensions: 10x10, On Level: Main
  • Bedroom 2: Dimensions: 10x9, On Level: Main
  • Bedroom 3: Dimensions: 9x9, On Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Aluminum
  • Roof Material: Asphalt
  • Outbuilding1: None
  • Fence: Chain Link

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Detached
  • Garage Number Of Cars: 1
  • Garage Size: Dimensions: 14x24
  • Garage Sq Ft: 336

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: City
  • Water Utilities: City
  • Electric Company: Duke Energy Indiana
  • Gas Company: Vectren Energy
  • Laundry: Dimensions: 8xMain, On Level: 10

Schools

  • School District: Lafayette
  • Elementary School: Vinton
  • Middle School: Sunnyside/Tecumseh
  • High School: Jefferson

Lot Info

  • Lot Description: Level
  • Lot Dimensions: 70 x 137
  • Estimated Lot Sq Ft: 9583
  • Estimated Lot Size Acres: 0.22

Tax Info

  • Annual Taxes: 944.74
  • Total Assessed Value: 47100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2015
Closed on
Aug 7, 2015
Sold by
Emond Family Lp
Bought by
Perry Holdings Llc
Seller's Agent
Tom Marshall
Marshall Real Estate Services
Buyer's Agent
Julia Huffer
Huffer Real Estate LLC
List Price
$39,900
Sold Price
$37,000
Premium/Discount to List
-$2,900
-7.27%
Current Estimated Value
$201,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,424
Avg. Annual Appreciation
13.29%
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
Perry Holdings Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perry Holdings Llc $35,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2015 08/07/15 Sold $37,000 -7.3% $48 / Sq Ft
07/28/2015 07/28/15 Pending -- -- --
07/20/2015 07/20/15 For Sale $39,900 -- $52 / Sq Ft
Source: Indiana Regional MLS

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 $3,800 $189,800 $13,000 $176,800
2023 $1,404 $70,100 $13,000 $57,100
2022 $1,277 $63,700 $13,000 $50,700
2021 $1,141 $56,900 $13,000 $43,900
2020 $1,059 $52,800 $13,000 $39,800
2019 $1,039 $51,800 $12,000 $39,800
2018 $1,039 $51,800 $12,000 $39,800
2017 $1,032 $51,500 $12,000 $39,500
2016 $1,002 $50,000 $12,000 $38,000
2014 $945 $47,100 $12,000 $35,100
2013 $935 $46,600 $12,000 $34,600
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Tom Marshall

    Marshall Real Estate Services

  • J

    Buyer's Agent in 2015

    Julia Huffer

    Huffer Real Estate LLC

    (765) 479-2538

    29 Total Sales

    Julia Huffer
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Map

Source: Indiana Regional MLS

MLS Number: 201535165

Indiana Regional MLS

APN: 79-07-21-277-008.000-004

Indiana Tippecanoe County Lafayette 47904 Elmwood

1048 Rainbow Dr, Lafayette, IN

This home is located at 1048 Rainbow Dr, Lafayette, IN 47904 since 20 July 2015 and is currently estimated at $201,424, approximately $262 per square foot. This property was built in 1949. 1048 Rainbow Dr is a home located in Tippecanoe County with nearby schools including Vinton Elementary School, Sunnyside Intermediate School, and Lafayette Tecumseh Junior 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.

Indiana Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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