NOT LISTED FOR SALE

106 Rainbow Dr Ruidoso, NM 88345

Estimated Value: $292,000 - $807,000

5 Beds
6 Baths
2,084 Sq Ft
$282/Sq Ft Est. Value

Last Sold October 04, 2023

Current estimated payment $3,549/month

49 Days on Market

Highlights

  • Guest House
  • 1.45 Acre Lot
  • Chalet
  • Views of Trees
  • Open Floorplan
  • Deck

About This Home

As of October 2023

Nestled on a large lot in the cool pines, this property consists of two homes. Both homes having abundance of beautiful woodwork both inside and out. These properties have both gas fireplaces and wood burning and will convey furnished. There is a main home consisting of three bedrooms and three bathrooms. The second home is smaller, consisting of two bedrooms and two bathrooms. The larger home was formerly a pottery studio. In recent years it was converted into a beautiful cabin that has performed incredibly as a nightly rental. These properties are within walking distance from Casablanca and Rio Grande. The home features wonderful views, a relaxing setting, a very large yard, a circular driveway, and more space for buildings in the future.

Last Agent to Sell the Property

Gavin Bigger

Berkshire Hathaway Home Services Enchanted Lands, REALTORS - Ruidoso License #52102 Listed on: 06/07/2023

Berkshire Hathaway Home Services Enchanted Lands, REALTORS - Ruidoso

Last Buyer's Agent

Anette Wood

Ruidoso Dream Catcher Realty License #18967

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,043

Year Built

  • Built in 1957 | Remodeled

Lot Details

  • 1.45 Acre Lot
  • Dog Run
  • Rectangular Lot
  • Level Lot
  • Wooded Lot
  • Property is zoned R1

Parking

  • Circular Driveway

Property Views

  • Trees
  • Canyon
  • Mountain
  • Forest

Home Design

  • Chalet
  • Mountain Architecture
  • Log Cabin
  • Pitched Roof
  • Metal Roof
  • Wood Siding
  • Log Siding
  • Stucco

Interior Spaces

  • 2,084 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Stove
  • Gas Log Fireplace
  • Living Room
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 6 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch
  • Exterior Lighting
  • Shed
  • Rain Gutters

Additional Homes

  • Guest House

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Window Unit Heating System
  • Natural Gas Connected
  • Water Heater
  • Water Softener is Owned

Community Details

  • Young Heights Subdivision

Listing and Financial Details

  • Legal Lot and Block 3 / 1
  • Assessor Parcel Number 4071064462360

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,043

Year Built

Built in 1957 | Remodeled

Lot Details

0

Listing Details

  • Directions: Turn onto Rainbow from Mechem across from Summit Dental
  • Unit Levels: Two
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Year Built: 1957
  • Lot Size Acres: 1.45
  • Road Frontage Type: City/Public Street
  • Road Surface Type: Asphalt
  • Co List Office Phone: 575-257-4011
  • MLS Status: Closed
  • Subdivision Name: Young Heights
  • Architectural Style: Cabin, Chalet, Log, Mountain
  • ResoBuildingAreaSource: Assessor
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Water Source:Public: Yes
  • Cooling:Ceiling Fan(s)2: Yes
  • View TreesWoods: Yes
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Property Condition:UpdatedRemodeled: Yes
  • Roof:Metal3: Yes
  • Levels:Two: Yes
  • Utilities Electricity Connected: Yes
  • Utilities:Natural Gas Connected: Yes
  • Utilities Sewer Connected: Yes
  • Utilities Water Connected: Yes
  • Flooring:Carpet: Yes
  • Rooms:Living Room: Yes
  • Flooring:Wood2: Yes
  • Security Features:Smoke Detector(s): Yes
  • View:Mountain(s): Yes
  • Other Structures:Shed(s): Yes
  • View Forest: Yes
  • Flooring:Vinyl: Yes
  • Cooling:Window Unit(s): Yes
  • Other Structures:Guest House: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Double Oven, Dryer, Gas Cooktop, Gas Range, Microwave, Refrigerator, Washer, Water Heater, Water Softener Owned
  • Flooring: Carpet, Vinyl, Wood
  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Master Downstairs, Open Floorplan, Recessed Lighting
  • Other Equipment: None
  • Full Bathrooms: 6
  • Total Bedrooms: 5
  • Fireplace: No
  • Appliances Dishwasher: Yes
  • Fireplace:Gas Log: Yes
  • Interior Features:Ceiling Fans: Yes
  • Interior Features:Recessed Lighting: Yes
  • Appliances:Gas Range: Yes
  • Appliances:Water Softener-Owned: Yes
  • Fireplace:Wood Burning Stove: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Double Oven: Yes
  • Interior Features:Master Downstairs: Yes
  • Appliances:Gas Cooktop: Yes

Exterior Features

  • Lot Features: Gentle Sloping, Level, Rectangular Lot, Usable Slopes, Views, Wooded
  • Other Structures: Guest House, Shed(s)
  • Patio And Porch Features: Covered, Deck, Front Porch, Rear Porch
  • Roof: Metal, Pitched
  • View: Canyon, Forest, Mountain(s), Trees/Woods
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Log Siding, Stucco, Wood Siding
  • Exterior Features: Balcony, Dog Run, Lighting, Rain Gutters, Storage
  • Patio And Porch Features:Covered: Yes
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Lot Features:Gentle Sloping: Yes
  • ConstructionSiding:Roof Pitched: Yes
  • Lot Features:Level: Yes
  • Lot Features:Wooded: Yes
  • Lot Features:Views: Yes
  • Lot Features:Rectangular Lot: Yes
  • Patio And Porch Features:Rear Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Circular Driveway, Gravel

Utilities

  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Heating: Central, Fireplace(s), Forced Air, Natural Gas
  • Security: Smoke Detector(s)
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Sewer: Public Sewer
  • Heating:Central: Yes
  • Heating:Fireplace(s): Yes
  • Heating:Forced Air: Yes
  • Heating:Natural Gas2: Yes
  • Water Heater: Yes

Lot Info

  • Lot Dimensions: see map
  • Lot Size Sq Ft: 63162.0
  • ResoLotSizeUnits: Acres
  • Zoning Description: R1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 7043.0
  • Tax Block: 1
  • Tax Lot: 3
  • Tax Map Number: 4071064462360
  • Tax Tract: -

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2023
Closed on
Sep 28, 2023
Sold by
Jennings James C
Bought by
Cecil Davis Holly Davis Living Trust and Davis
Seller's Agent
Gavin Bigger
Berkshire Hathaway Home Services Enchanted Lands, REALTORS - Ruidoso
Buyer's Agent
Anette Wood
Ruidoso Dream Catcher Realty
List Price
$699,000
Views
190
Current Estimated Value
$588,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.91%
Original Mortgage
$215,800
Outstanding Balance
$210,932
Interest Rate
7.09%
Mortgage Type
VA
Estimated Equity
$377,526

Purchase Details

Closed on
Mar 15, 2021
Sold by
Trent Janis
Bought by
Jennings James C

Purchase Details

Closed on
Mar 4, 2021
Sold by
Jennings James C and Estate Of Janis Trent
Bought by
Jennings James C

Purchase Details

Closed on
Mar 12, 2010
Sold by
Trent Janis B
Bought by
The Living Trust Of Janis Trent
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Cecil Davis Holly Davis Living Trust -- Lincoln County Abstract & Titl
Jennings James C -- None Listed On Document
Jennings James C -- None Available
The Living Trust Of Janis Trent -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cecil Davis Holly Davis Living Trust $215,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/04/2023 10/04/23 Sold -- -- --
07/24/2023 07/24/23 Pending -- -- --
06/05/2023 06/05/23 For Sale $699,000 -- $335 / Sq Ft
Source: Ruidoso/Lincoln County 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
2025 $6,019 $199,188 $9,537 $189,651
2024 $5,848 $196,528 $9,259 $187,269
2023 $5,848 $108,965 $8,989 $99,976
2022 $3,286 $105,791 $8,727 $97,064
2021 $3,222 $59,634 $8,472 $51,162
2020 $3,071 $57,897 $8,225 $49,672
2019 $2,878 $56,762 $8,064 $48,698
2018 $2,811 $55,108 $7,829 $47,279
2017 $2,775 $53,503 $7,601 $45,902
2015 $2,660 $91,753 $7,381 $84,372
2014 $2,555 $89,081 $7,166 $81,915
Source: Public Records

Agents Affiliated with this Home

  • Gavin Bigger

    Seller's Agent in 2023

    Gavin Bigger

    Berkshire Hathaway Home Services Enchanted Lands, REALTORS - Ruidoso

    (575) 973-8275

    76 in this area

    110 Total Sales

    Gavin Bigger
    Section Image

  • A

    Buyer's Agent in 2023

    Anette Wood

    Ruidoso Dream Catcher Realty

    (619) 813-6734

    28 in this area

    33 Total Sales

    Anette Wood
    Section Image
See All Agents

Map

Source: Ruidoso/Lincoln County Association of REALTORS®

MLS Number: 129688

APN: 4071064462360000000

New Mexico Lincoln County Ruidoso 88345

106 Rainbow Dr, Ruidoso, NM

Not Listed for Sale

Detached

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.

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.

Nearby Homes