NOT LISTED FOR SALE

1386 Rainbow Ave West Palm Beach, FL 33406

Pine Air Neighborhood

Estimated Value: $465,949 - $612,000

-- Bed
2 Baths
1,800 Sq Ft
$298/Sq Ft Est. Value

Last Sold May 14, 2021

Last sale price $310,000 $172 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $3,366/month

11 Days on Market

Highlights

  • Deck
  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Shed

About This Home

As of May 2021

DO NOT DISTURB TENANT! VERY WELL MAINTAINED DUPLEX, EACH UNIT 2 BED 1 BATH. UNIT 1386 TENANT OCCUPIED WITH LEASE UNTIL END OF AUGUST 2021. UNIT 1388 IS VACANT AND UPDATED. BOTH UNITS HAS OUTSIDE LAUNDRY ROOM (UNIT 1386 WASHER AND DRYER EXLUDED FROM SALE). LOT IS OVER 1/4 ACRE. 2 SEPTIC TANKS WITH LIFT STATION (WAS REPACED FEW YEARS AGO). EACH UNIT HAS IT'S OWN ELECTRIC METER AND IT'S OWN WATER METER.

Last Agent to Sell the Property

Lubomir Gery

LoKation License #677567 Listed on: 04/02/2021

LoKation

Last Buyer's Agent

Andres Zapata

Partnership Realty Inc. License #3414060

Partnership Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,503

Year Built

  • Built in 1972

Lot Details

  • 0.28 Acre Lot

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Ceramic Tile Flooring

Outdoor Features

  • Deck
  • Shed

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • 2 Units
  • Pine Air 4 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00424412130000070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,503

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: FOREST HILL TO KIRK RD, NORTH ON KIRK RD, WEST ON POT O GOLD ST TO RAINBOW AVE
  • Year Built: 1972
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Resale
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 1800.0

Exterior Features

  • Exterior Features: Deck, Shed
  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck
  • Property Condition: Resale
  • Roof: Composition, Shingle

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 00424412130000070
  • Lot Size: 140.0 ft x 86.0 ft
  • Lot Size Sq Ft: 12040.0
  • Zoning Description: RM
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3503.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2021
Closed on
May 14, 2021
Sold by
Soltes Michal and Soltes Darina
Bought by
Hernandez Fidel J and Rodriguez Lady Ketty
Seller's Agent
Lubomir Gery
LoKation
Buyer's Agent
Andres Zapata
Partnership Realty Inc.
List Price
$339,900
Sold Price
$310,000
Premium/Discount to List
-$29,900
-8.8%
Current Estimated Value
$536,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,737
Avg. Annual Appreciation
13.29%
Original Mortgage
$240,000
Outstanding Balance
$217,500
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$319,237

Purchase Details

Closed on
Sep 30, 2009
Sold by
Pfg Mortgage Trust I
Bought by
Soltes Michal and Soltes Darina

Purchase Details

Closed on
May 12, 2009
Sold by
Palacios Maritza
Bought by
Pfg Mortgage Trust I

Purchase Details

Closed on
Dec 19, 2003
Sold by
Roberts Bruce E and Roberts Lisa
Bought by
Palacios Maritza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,250
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 3, 2002
Sold by
Roberts Bruce E and Roberts Lisa
Bought by
Roberts Bruce E and Roberts Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
9.5%

Purchase Details

Closed on
Jul 28, 1995
Sold by
Williams Stella
Bought by
Roberts Bruce E and Conner Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,795
Interest Rate
7.46%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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
Hernandez Fidel J $310,000 Attorney
Soltes Michal $70,000 First Intl Title Inc
Pfg Mortgage Trust I $274,772 None Available
Palacios Maritza $158,100 Universal Land Title Inc
Roberts Bruce E -- --
Roberts Bruce E $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Fidel J $240,000
Previous Owner Palacios Maritza $142,250
Previous Owner Roberts Bruce E $102,000
Previous Owner Roberts Bruce E $74,795
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2021 05/14/21 Sold $310,000 -8.8% $172 / Sq Ft
04/14/2021 04/14/21 Pending -- -- --
04/02/2021 04/02/21 For Sale $339,900 -- $189 / Sq Ft
Source: BeachesMLS

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 $6,113 $321,725 -- --
2023 $5,649 $292,477 $149,323 $147,643
2022 $5,291 $265,888 $0 $0
2021 $3,665 $202,057 $97,742 $104,315
2020 $3,503 $196,758 $78,000 $118,758
2019 $3,292 $178,866 $72,000 $106,866
2018 $2,959 $171,557 $60,811 $110,746
2017 $2,597 $139,410 $50,676 $88,734
2016 $2,419 $90,578 $0 $0
2015 $2,215 $82,344 $0 $0
2014 $2,093 $74,858 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lubomir Gery

    LoKation

    (561) 632-4331

    1 in this area

    21 Total Sales

    Lubomir Gery
    Section Image

  • A

    Buyer's Agent in 2021

    Andres Zapata

    Partnership Realty Inc.

    (561) 396-5258

    1 in this area

    25 Total Sales

    Andres Zapata
    Section Image
See All Agents

Map

Source: BeachesMLS

MLS Number: R10704945

BeachesMLS

APN: 00-42-44-12-13-000-0070

Florida Palm Beach County West Palm Beach 33406 Pine Air

1386 Rainbow Ave, West Palm Beach, FL

This home is located at 1386 Rainbow Ave, West Palm Beach, FL 33406 since 02 April 2021 and is currently estimated at $536,737, approximately $298 per square foot. This property was built in 1972. 1386 Rainbow Ave is a home located in Palm Beach County with nearby schools including Berkshire Elementary School, Palm Springs Middle School, and Forest Hill Community High School.

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.

BeachesMLS 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