NOT LISTED FOR SALE

1471 Rainbow Ave West Palm Beach, FL 33406

Pine Air Neighborhood

Estimated Value: $480,413 - $567,000

0.15 Acre
$3,602,353 Price per Acre
6,832 Sq Ft Lot

Last Sold November 13, 2015

Last sale price $50,000

Est. 981% increase in value since last sale

Current estimated payment $3,283/month

15 Days on Market

About This Lot

As of November 2015

Amazing vacant lot with utilities available, ready to build your residential property or even a duplex for an income property.

Last Agent to Sell the Property

Etiane Navarro

Majestic Real Estate Solutions License #3222677 Listed on: 09/28/2015

Last Buyer's Agent

Mery Marrero

LPT Realty, LLC License #3252763

LPT Realty, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $256

Lot Details

  • 6,832 Sq Ft Lot
  • Site Plan Filed
  • Property is zoned RM

Location

  • City Lot

Community Details

  • Pine Air 5 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00424412140000030

Property Details

Property Type

Land

Est. Annual Taxes

$256

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Take Forest Hill West from I-95 to Kirk Rd (north) to Pot O Gold (west) to Rainbow Ave. Lot directly in front at corner.
  • Special Features: None

Exterior Features

  • Lot Features: City Lot, < 1/4 Acre
  • Waterfront: No

Lot Info

  • Parcel #: 00424412140000030
  • Development Status: Site Plan Filed
  • Lot Size Sq Ft: 6832.0
  • Zoning Description: RM
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 256.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 17, 2016
Sold by
Yeotes Viola
Bought by
Carmelo Luis Miguel and Carmelo Iris
Current Estimated Value
$540,353

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,830
Outstanding Balance
$187,612
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$350,680

Purchase Details

Listed on
Sep 28, 2015
Closed on
Nov 13, 2015
Sold by
Arias Francisco and Hernandez Daniel R
Bought by
Yeotes Viola
Seller's Agent
Etiane Navarro
Majestic Real Estate Solutions
Buyer's Agent
Mery Marrero
LPT Realty, LLC
List Price
$55,000
Sold Price
$50,000
Premium/Discount to List
-$5,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.38%

Purchase Details

Listed on
May 29, 2015
Closed on
Sep 4, 2015
Sold by
Quintini Llc
Bought by
Dearmas Margarita
Seller's Agent
Ramon Mirabales
Kensington Realty Invest. Grp
Buyer's Agent
Ramon Mirabales
Kensington Realty Invest. Grp
List Price
$49,500
Sold Price
$37,000
Premium/Discount to List
-$12,500
-25.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
387.81%

Purchase Details

Closed on
Aug 22, 2013
Sold by
Otero Matthew
Bought by
Quintini Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,200
Interest Rate
4.31%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 4, 2008
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Otero Matthew

Purchase Details

Closed on
Aug 16, 2007
Sold by
Baluch Mohammad F
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Dec 16, 2004
Sold by
Gaffar Muhammad Salim and Ahmed Rehana
Bought by
Baluch Mohammad F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,405
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 26, 2004
Sold by
Ridenour Bobby J
Bought by
Gaffar Muhammad Salim and Ahmed Rehana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,850
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Carmelo Luis Miguel $239,000 Florida Land Title
Yeotes Viola -- None Available
Hernandez Daniel R $50,000 Florida Land Title Ins Llc
Dearmas Margarita $37,000 Platinum Title Insurers Llc
Quintini Llc $15,000 Platinum Title Insurers Llc
Otero Matthew $50,000 Attorney
Federal Home Loan Mortgage Corp -- Attorney
Baluch Mohammad F $109,900 Express Land Title Inc
Gaffar Muhammad Salim $90,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carmelo Luis Miguel $231,830
Previous Owner Quintini Llc $5,200
Previous Owner Baluch Mohammad F $131,500
Previous Owner Baluch Mohammad F $80,000
Previous Owner Baluch Mohammad F $104,405
Previous Owner Gaffar Muhammad Salim $67,850
Closed Gaffar Muhammad Salim $13,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/13/2015 11/13/15 Sold $50,000 -9.1% --
10/14/2015 10/14/15 Pending -- -- --
09/28/2015 09/28/15 For Sale $55,000 +48.6% --
09/04/2015 09/04/15 Sold $37,000 -25.3% --
08/05/2015 08/05/15 Pending -- -- --
05/29/2015 05/29/15 For Sale $49,500 -- --
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 $4,343 $274,102 -- --
2023 $4,228 $266,118 $0 $0
2022 $4,187 $258,367 $0 $0
2021 $4,140 $250,842 $98,095 $152,747
2020 $4,851 $254,280 $57,200 $197,080
2019 $4,501 $230,848 $52,800 $178,048
2018 $3,949 $204,211 $44,191 $160,020
2017 $3,755 $192,278 $36,826 $155,452
2016 $488 $24,550 $0 $0
2015 $287 $12,345 $0 $0
2014 $256 $11,223 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2015

    Etiane Navarro

    Majestic Real Estate Solutions

  • Ramon Mirabales

    Seller's Agent in 2015

    Ramon Mirabales

    Kensington Realty Invest. Grp

    (561) 310-0288

    3 Total Sales

    Ramon Mirabales
    Section Image
  • Mery Marrero

    Buyer's Agent in 2015

    Mery Marrero

    LPT Realty, LLC

    (561) 543-5505

    36 Total Sales

    Mery Marrero
    Section Image
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Map

Source: BeachesMLS

MLS Number: R10171274

BeachesMLS

APN: 00-42-44-12-14-000-0030

Florida Palm Beach County West Palm Beach 33406 Pine Air

1471 Rainbow Ave, West Palm Beach, FL

This home is located at 1471 Rainbow Ave, West Palm Beach, FL 33406 since 28 September 2015 and is currently estimated at $540,353. 1471 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.

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