NOT LISTED FOR SALE

109 Rainbow St Spencer, OH 44275

Estimated Value: $255,000 - $328,851

4 Beds
4 Baths
2,440 Sq Ft
$116/Sq Ft Est. Value

Last Sold June 17, 2024

Last sale price $240,000 $98 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,774/month

37 Days on Market

Highlights

  • Neighborhood Views
  • Hot Water Heating System
  • 1-Story Property
  • Central Air
  • 3 Car Garage

About This Home

As of June 2024

Discover the perfect investment opportunity in Spencer, Ohio. Offering two units, each with 2 bedrooms, 2 full bathrooms, and radiant heat flooring. One unit features a two-car garage, while the other offers a one-car garage, ensuring ample parking and storage space. Nestled on a quiet street, just minutes away from downtown Spencer. Don't miss this investment opportunity! Schedule your showing today!

Last Agent to Sell the Property

Rick Stallard

M. C. Real Estate Brokerage Email: rick9666@aol.com 330-723-9911 License #374771 Listed on: 04/26/2024

M. C. Real Estate

Last Buyer's Agent

Ken Keiffer

Northern Ohio Realty License #311666

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,189

Year Built

  • Built in 2001

Lot Details

  • 0.37 Acre Lot

Parking

  • 3 Car Garage
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,440 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Laundry in unit

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Central Air
  • Hot Water Heating System

Community Details

  • F & B Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 037-27A-06-038

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,189

Year Built

Built in 2001

Lot Details

0.37 Acres

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 2001
  • Attribution Contact: rick9666@aol.com 330-723-9911
  • Reso View: Neighborhood
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: F & B
  • Above Grade Finished Sq Ft: 2440.0
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Tax Year: 2023
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Basement: No
  • Appliances: Microwave, Range, Refrigerator
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Acres: 0.37
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: Garage Faces Front, Garage, Garage Door Opener

Utilities

  • LaundryFeatures: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Hot Water, Steam
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Black River LSD - 5201

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 037-27A-06-038
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: None
  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 1650.0

Tax Info

  • Tax Annual Amount: 4189.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2024
Closed on
Jun 14, 2024
Sold by
Kelly Susan M
Bought by
Millaila Llc
Seller's Agent
Rick Stallard
M. C. Real Estate
Buyer's Agent
Ken Keiffer
Northern Ohio Realty
List Price
$269,000
Sold Price
$240,000
Premium/Discount to List
-$29,000
-10.78%
Views
104
Current Estimated Value
$283,713

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,713
Avg. Annual Appreciation
10.09%

Purchase Details

Closed on
Nov 27, 2000
Sold by
Baughman Dennis A and Baughman Jane
Bought by
Kelly Daniel and Kelly Susan M

Purchase Details

Closed on
Apr 22, 2000
Sold by
Baughman Cecil A and Baughman Betty L
Bought by
Baughman Dennis A
Source: Public Records
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

Purchase History

Date Buyer Sale Price Title Company
Millaila Llc $240,000 Network Land Title
Kelly Daniel $26,900 --
Baughman Dennis A -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2024 06/17/24 Sold $240,000 -10.8% $98 / Sq Ft
06/03/2024 06/03/24 Pending -- -- --
05/07/2024 05/07/24 For Sale $269,000 0.0% $110 / Sq Ft
05/01/2024 05/01/24 Pending -- -- --
04/26/2024 04/26/24 For Sale $269,000 -- $110 / Sq Ft
Source: MLS Now

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 $3,575 $88,980 $22,990 $65,990
2023 $4,376 $88,980 $22,990 $65,990
2022 $4,280 $88,980 $22,990 $65,990
2021 $3,896 $80,890 $20,900 $59,990
2020 $3,959 $80,890 $20,900 $59,990
2019 $3,968 $80,890 $20,900 $59,990
2018 $3,433 $67,410 $18,630 $48,780
2017 $3,435 $67,410 $18,630 $48,780
2016 $3,471 $67,410 $18,630 $48,780
2015 $3,307 $63,000 $17,420 $45,580
2014 $3,312 $63,000 $17,420 $45,580
2013 $3,331 $63,000 $17,420 $45,580
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Now

MLS Number: 5033247

MLS Now

APN: 037-27A-06-038

Your Personal Tour Guide

Ask me questions while you tour the home.