NOT LISTED FOR SALE

1383 Rainbow Park Trail Luzerne, MI 48647

Estimated Value: $85,000 - $143,000

2 Beds
1 Bath
850 Sq Ft
$140/Sq Ft Est. Value

Last Sold May 05, 2024

Last sale price $129,000 $152 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $683/month

377 Days on Market

Highlights

  • Seasonal View
  • Great Room
  • 1 Car Attached Garage
  • Wooded Lot
  • Fireplace
  • Forced Air Heating and Cooling System

About This Home

As of May 2024

Cozy up North Cottage for sale in cabin community just off Au Sable River area near Mio. 2 Bedroom with garage and beautiful wooded site in the great outdoors. Located in a peaceful and popular sports and recreation area. Completely furnished and ready to live in or rent out to others. Has own private well and septic in good condition. Nicely updated and in good condition.

Last Agent to Sell the Property

Rita Rathburn

Berkshire Hathaway Homeservices - TC License #6501239089 Listed on: 02/28/2023

Berkshire Hathaway Homeservices - TC

Last Buyer's Agent

Rita Rathburn

Berkshire Hathaway Homeservices - TC License #6501239089 Listed on: 02/28/2023

Berkshire Hathaway Homeservices - TC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $403

Year Built

  • Built in 1975

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 100x80
  • Wooded Lot
  • The community has rules related to zoning restrictions

Parking

  • 1 Car Attached Garage

Home Design

  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 850 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Drapes & Rods
  • Blinds
  • Great Room
  • Seasonal Views
  • Crawl Space
  • Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Well

Community Details

Overview

  • Rainbow Resort Community

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$403

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 1 Story
  • Estimated Year Built: 1975
  • Construction: Timber Frame
  • Section Number: 10
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1975

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Blinds, Drapes
  • Interior Amenities: Great Room
  • Bedrooms: 2
  • Bedroom 1: Dimensions: 14x10
  • Bedroom 2: Dimensions: 8.5x7
  • Total Bathrooms: 1
  • Primary Bathroom: Shared
  • Number of Main Level Bathrooms: 1
  • Full Bathrooms: 1
  • Main Floor Primary: Yes
  • Kitchen: Dimensions: 17x30
  • Living Room: Dimensions: 17x30
  • Estimated Above Ground Finished Sq Ft: 850
  • Price Per Sq Ft: 151.76
  • Range: R 20E
  • Total Finished Sf Apx: 850

Exterior Features

  • Exterior Features: Seasonal View
  • Exterior Finish: Vinyl
  • Foundation: Crawl Space
  • Number Of Acres: 0.5
  • Road: Public Maintained, Gravel, Seasonal
  • Roof: Asphalt

Garage/Parking

  • Driveway: Stone
  • Garage Capacity: 1
  • Primary Garage: Attached

Utilities

  • Fireplaces And Stoves: Fireplace(s)
  • Heating Cooling Types: Forced Air
  • Laundry: On Level: None
  • Sewer: Private Septic
  • Tv Service Internet Avail: Unknown
  • Water: Private Well

Association/Amenities

  • Development Amenities: Pets Allowed, Trails
  • Development Name: Rainbow Resort

Schools

  • School District: Mio-Ausable Schools

Lot Info

  • Land Features: Wooded-Hardwoods
  • Lot Dimensions: 100X80
  • Mineral Rights: Unknown
  • Parcel Description: Subdivision
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

MLS Schools

  • School District: Mio-Ausable Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2023
Closed on
May 3, 2024
Sold by
Simpson David K
Bought by
Thomas Paul
Seller's Agent
Rita Rathburn
Berkshire Hathaway Homeservices - TC
Buyer's Agent
Rita Rathburn
Berkshire Hathaway Homeservices - TC
List Price
$135,000
Sold Price
$129,000
Premium/Discount to List
-$6,000
-4.44%
Views
726
Current Estimated Value
$119,264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,736
Original Mortgage
$114,000
Outstanding Balance
$112,756
Interest Rate
7.06%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 10, 2017
Sold by
Donald Crawford and Donald Barbara
Bought by
Simpson David K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6%
Mortgage Type
New Conventional
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
Thomas Paul $129,000 Oscoda Cnty Abs Inc
Simpson David K $540,000 Oscoda Cnty Abs Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Paul $114,000
Previous Owner Simpson David K $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2024 05/05/24 Sold $129,000 -0.4% $152 / Sq Ft
10/19/2023 10/19/23 Price Changed $129,500 -0.3% $152 / Sq Ft
06/01/2023 06/01/23 Price Changed $129,900 -3.8% $153 / Sq Ft
02/28/2023 02/28/23 For Sale $135,000 -- $159 / Sq Ft
Source: Northern Great Lakes REALTORS® 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 $403 $23,600 $0 $0
2023 $520 $18,900 $0 $0
2022 $504 $15,400 $0 $0
2021 $635 $15,600 $0 $0
2020 $627 $14,800 $0 $0
2019 $600 $14,400 $0 $0
2018 $493 $14,300 $0 $0
2017 $484 $14,200 $0 $0
2016 $395 $13,300 $0 $0
2014 $439 $12,900 $0 $0
2011 -- $10,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1908730

Northern Great Lakes REALTORS® MLS

APN: 00131000800