NOT LISTED FOR SALE

1141 Rainbow Dr NE Birmingham, AL 35215

Spring Lake Neighborhood

Estimated Value: $108,000 - $149,000

3 Beds
2 Baths
1,280 Sq Ft
$105/Sq Ft Est. Value

Last Sold September 15, 2021

Last sale price $75,000 $59 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $860/month

10 Days on Market

Highlights

  • Deck
  • Fenced Yard
  • Tile Flooring
  • Great Room
  • Laundry Room
  • 1-Story Property

About This Home

As of September 2021

One-level living on a flat fenced lot. There are cosmetic updates needed inside, but the house has great potential for a first-time homeowner or investor looking for immediate rental income.

Last Agent to Sell the Property

Monica Whiting

Keller Williams Realty Hoover License #000111324 Listed on: 08/23/2021

Last Buyer's Agent

Zach Armstrong

EXP Realty LLC

EXP Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $528

Year Built

  • Built in 1964

Lot Details

  • 10,629

Parking

  • Driveway

Home Design

  • Three Sided Brick Exterior Elevation

Interior Spaces

  • 1,280 Sq Ft Home
  • 1-Story Property
  • Great Room
  • Dining Room
  • Tile Flooring
  • Crawl Space

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Laminate Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer and Electric Dryer Hookup

Schools

  • Wright Elementary School
  • Huffman Middle School
  • Huffman High School

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Additional Features

  • Deck
  • Fenced Yard

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$528

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Down Payment Assistance: Yes
  • Down Payment Assistance URL: https://www.workforce-resource.com/dpr/listing/GALMLS/1296246?w=PubMLS
  • Living Area: 1280
  • Legal Description: Lot 23, Block 6 Winnetka Estates
  • Dual or Variable Rate Commission: Yes
  • List Price per Sq Ft: 70.31
  • Number Levels: 1-Story
  • Property Type: Single Family
  • Year Built Description: Existing
  • Year Built: 1964
  • Price Per Sq Ft: 58.59
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1964

Interior Features

  • Floors: Tile Floor
  • Bedroom/Bathroom Features: Tub/Shower Combo
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Concatenated Rooms: |GreatRoom1|Kitchen1|DiningRoom1|Laundry1|FullBath1|HalfBath1|MasterBR1|Bedroom1|Bedroom1|
  • Room 1: Great Room, On Level: 1
  • Room 2: Kitchen, On Level: 1
  • Room 3: Dining Room, On Level: 1
  • Room 4: Laundry, On Level: 1
  • Room 5: Full Bath, On Level: 1
  • Room 6: Half Bath, On Level: 1
  • Room 7: Master Bedroom, On Level: 1
  • Room 8: Bedroom, On Level: 1
  • Room 9: Bedroom, On Level: 1
  • Rooms Level 1: Bedroom (LVL 1), Dining Room (LVL 1), Full Bath (LVL 1), Great Room (LVL 1), Half Bath (LVL 1), Kitchen (LVL 1), Laundry (LVL 1), Master Bedroom (LVL 1)
  • Kitchen Countertops: Laminate
  • Kitchen Equipment: Cooktop-Electric, Oven-Electric
  • Laundry: Yes
  • Laundry Dryer Hookup: Dryer-Electric
  • Laundry Features: Washer Hookup
  • Laundry Location: Laundry (MLVL)
  • Laundry Space: Closet
  • Main Level Sq Ft: 1280

Exterior Features

  • Construction: 3 Sides Brick, Siding-Other
  • Decks: Yes
  • Decks Type: Open (DECK)
  • Exterior Features: Fenced Yard
  • Foundation: Crawl Space
  • Water Heater: Gas (WTRHTR)

Garage/Parking

  • Parking Features: Driveway Parking

Utilities

  • Heating: Forced Air
  • Cooling: Central (COOL)
  • Sewer/Septic System: Connected
  • Water: Public Water
  • HVAC Area: 1280

Schools

  • Elementary School: WRIGHT, T R
  • Middle School: HUFFMAN
  • High School: HUFFMAN

Lot Info

  • Assessor Parcel Number: 12301003005.00000

Tax Info

  • Tax District: COUNTY
  • Annual Tax: 528

MLS Schools

  • Elementary School: WRIGHT, T R
  • High School: HUFFMAN
  • Jr Middle School: HUFFMAN

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 26, 2022
Sold by
Rei Nation Llc
Bought by
Winter Stuart and Winter Stormi
Current Estimated Value
$133,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Outstanding Balance
$111,452
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$21,495

Purchase Details

Listed on
Aug 23, 2021
Closed on
Sep 15, 2021
Sold by
Revill Victor M
Bought by
Rei Nation Llc
Seller's Agent
Monica Whiting
Keller Williams Realty Hoover
Buyer's Agent
Zach Armstrong
EXP Realty LLC
List Price
$90,000
Sold Price
$75,000
Premium/Discount to List
-$15,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.68%

Purchase Details

Closed on
May 26, 2010
Sold by
Arch Bay Holdings Llc Series 2008A
Bought by
Revill Victor M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,269
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 9, 2010
Sold by
Clark Keundra R
Bought by
Arch Bay Holdings Llc Series 2008A

Purchase Details

Closed on
Dec 5, 2006
Sold by
Tate James Gray
Bought by
Clark Keundra R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,000
Interest Rate
9.65%
Mortgage Type
Balloon

Purchase Details

Closed on
Sep 13, 2001
Sold by
Tate James G and Perry Amy M
Bought by
Countrywide Home Loans Inc

Purchase Details

Closed on
Oct 31, 1997
Sold by
Vinson Michael J and Vinson Charlene L
Bought by
Tate James G and Perry Amy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,649
Interest Rate
7.31%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Winter Stuart $155,000 New Title Company Name
Rei Nation Llc $75,000 --
Revill Victor M $55,000 Performance Title Llc
Arch Bay Holdings Llc Series 2008A $70,125 None Available
Clark Keundra R $89,000 None Available
Countrywide Home Loans Inc $71,117 --
Tate James G $69,000 Alabama Title Co Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Winter Stuart $116,250
Previous Owner Rei Nation Llc $69,375
Previous Owner Revill Victor M $70,000
Previous Owner Revill Victor M $54,269
Previous Owner Clark Keundra R $89,000
Previous Owner Tate James G $68,649
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2021 09/15/21 Sold $75,000 -16.7% $59 / Sq Ft
08/23/2021 08/23/21 For Sale $90,000 -- $70 / Sq Ft
Source: Greater Alabama 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 $1,566 $21,600 -- --
2022 $1,389 $19,160 $2,420 $16,740
2021 $563 $8,750 $1,210 $7,540
2020 $518 $8,130 $1,210 $6,920
2019 $518 $8,140 $0 $0
2018 $456 $7,280 $0 $0
2017 $456 $7,280 $0 $0
2016 $456 $7,280 $0 $0
2015 $456 $7,280 $0 $0
2014 $400 $6,720 $0 $0
2013 $400 $6,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Monica Whiting

    Keller Williams Realty Hoover

    Section Image
  • Zach Armstrong

    Buyer's Agent in 2021

    Zach Armstrong

    EXP Realty LLC

    (205) 908-1222

    4 in this area

    46 Total Sales

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Map

Source: Greater Alabama MLS

MLS Number: 1296246

Greater Alabama MLS

APN: 12-00-30-1-003-005.000

Alabama Jefferson County Birmingham 35215 Spring Lake

1141 Rainbow Dr NE, Birmingham, AL

This home is located at 1141 Rainbow Dr NE, Birmingham, AL 35215 since 23 August 2021 and is currently estimated at $133,775, approximately $104 per square foot. This property was built in 1964. 1141 Rainbow Dr NE is a home located in Jefferson County with nearby schools including Huffman Academy, Huffman Middle School, and Huffman High School Magnet.

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.

Greater Alabama 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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