$142,000
SOLD MAY 30, 2025

118 Rainbow St Wadsworth, OH 44281

3 Beds
1 Bath
1,280 Sq Ft
6,159 Sq Ft Lot

Recently Sold

$111 Per Sq Ft

2% Above List Price

40 Days on Market

Highlights

  • Fishing
  • Colonial Architecture
  • No HOA
  • Isham Memorial Elementary School Rated A-
  • Deck
  • 3-minute walk to Franklin Park

About This Home

As of May 2025

Welcome Home! The long-time owners of this home have been good caretakers of the property throughout the years, and have been making major improvements to the property, inside and out, since 2022. The 1st. floor full bath and kitchen were remodeled with a 1st. floor laundry area added. The basement offers a 2nd laundry area with washer, dryer and sanitary tub along with glass block windows with screens a gas furnace (10-12yrs), gas H20 tank (3yrs) and 4 rooms are ready to meet your needs. The full bath was relocated from the kitchen area and enlarged, Roofing over the main part of the home is 10-12yrs. old and the kitchen/dining room area roof was redone with new plywood and shingles in 2024. In 2023 the whole house was re-plumbed and a new sewer line from the house to the street was installed by Thompson's Excavating. Electrical has also been upgraded through the years. Multiple electric smoke alarms with battery back-up are in place throughout the home. The side porch and rear deck are great areas to grill, entertain and simply relax at the start or end of your busy day. A failing one car garage was replaced with a 16x12 shed in 2015. The shed features an extra tall ceiling, loft, extra sturdy flooring and multiple electrical outlets. The home is conveniently located within walking distance or a short drive to Wadsworth square, shopping, restaurants, library and RTs. 224/76. As you've read the owners have addressed the main "high ticket" items of the home and are looking forward to the next owner adding their own personal cosmetic touches to make this home their own. Call Today to view the home and make it your own. This property is being Sold As Is.

Last Agent to Sell the Property

Kathy Dunlap

Russell Real Estate Services Brokerage Email: Gog326@aol.com 330-242-2426 License #392570 Listed on: 03/22/2025

Russell Real Estate Services

Last Buyer's Agent

Audrey Noblit

Gray Estates, LLC License #2014000060

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,313

Year Built

  • Built in 1925 | Remodeled

Lot Details

  • 6,159 Sq Ft Lot
  • Chain Link Fence
  • Back and Front Yard

Parking

  • Gravel Driveway

Home Design

  • Colonial Architecture
  • Fixer Upper
  • Block Foundation
  • Fiberglass Roof
  • Asphalt Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,280 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Insulated Windows
  • Window Screens
  • Storage
  • Washer
  • Neighborhood Views

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Laundry in Basement

Home Security

  • Storm Windows
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • Accessible Full Bathroom
  • Grip-Accessible Features
  • Accessible Bedroom
  • Accessible Kitchen
  • Central Living Area

Outdoor Features

  • Deck
  • Covered Patio or Porch

Location

  • City Lot

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 040-20C-10-012

Community Details

Overview

  • No Home Owners Association
  • Grotz & Ihrie Add Subdivision

Amenities

  • Shops
  • Restaurant

Recreation

  • Community Playground
  • Fishing
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,313

Year Built

Built in 1925 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Year Built: 1925
  • Attribution Contact: Gog326@aol.com 330-242-2426
  • ResoLotFeatures: Back Yard, City Lot, Front Yard
  • Reso View: Neighborhood
  • ResoSecurityFeatures: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name: Grotz & Ihrie Add
  • Above Grade Finished Sq Ft: 1280.0
  • Reso Accessibility Features: Accessible Full Bath, Accessible Bedroom, Grip-Accessible Features, Accessible Kitchen, Accessible Central Living Area
  • Architectural Style: Colonial
  • Carport Y N: No
  • Garage Yn: No
  • Reso Interior Features: Eat-in Kitchen, Primary Downstairs, Pantry, Storage, Walk-In Closet(s)
  • Unit Levels: Two
  • Reso Property Condition: Fixer, Updated/Remodeled
  • ResoWindowFeatures: Double Pane Windows, Insulated Windows, Screens, Storm Window(s)
  • Tax Year: 2024
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Dirt Floor, Full, Interior Entry, Concrete, Storage Space, Unfinished, Sump Pump
  • Basement: Yes
  • Appliances: Dishwasher, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Stories: 2

Exterior Features

  • Exterior Features: Private Yard, Storage
  • Roof: Asphalt, Fiberglass
  • Fencing: Chain Link, Gate
  • Acres: 0.1414
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: Yes
  • Construction Type: Vinyl Siding
  • Foundation Details: Concrete Perimeter, Block
  • Patio And Porch Features: Covered, Deck

Garage/Parking

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

Utilities

  • LaundryFeatures: Washer Hookup, Gas Dryer Hookup, Inside, In Basement, In Kitchen, Main Level, Lower Level
  • Cooling: Ceiling Fan(s), None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Fishing, Playground, Park, Restaurant, Shopping, Sidewalks
  • Association: No

Schools

  • Junior High Dist: Wadsworth CSD - 5207

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 040-20C-10-012
  • LandLeaseYN: No

Tax Info

  • Tax Annual Amount: 1313.24

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $113,600 New Conventional
Closed $80,000 Credit Line Revolving
Closed $25,000 Credit Line Revolving
Closed $25,000 Credit Line Revolving
Closed $26,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2025 05/30/25 Sold $142,000 +2.2% $111 / Sq Ft
05/02/2025 05/02/25 For Sale $139,000 0.0% $109 / Sq Ft
05/01/2025 05/01/25 Pending -- -- --
03/22/2025 03/22/25 For Sale $139,000 -- $109 / Sq Ft
Source: MLS Now

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 $453 $29,790 $9,630 $20,160
2023 $453 $29,790 $9,630 $20,160
2022 $548 $29,790 $9,630 $20,160
2021 $335 $23,830 $7,700 $16,130
2020 $295 $23,830 $7,700 $16,130
2019 $296 $23,830 $7,700 $16,130
2018 $163 $20,720 $8,980 $11,740
2017 $163 $20,720 $8,980 $11,740
2016 $352 $20,720 $8,980 $11,740
2015 $280 $19,190 $8,240 $10,950
2014 $745 $19,190 $8,240 $10,950
2013 $1,210 $19,190 $8,240 $10,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now

MLS Number: 5109400

MLS Now

APN: 040-20C-10-012