NOT LISTED FOR SALE

150 Rainbow Dr Merrill, WI 54452

Estimated Value: $303,000 - $357,000

6 Beds
3 Baths
2,000 Sq Ft
$162/Sq Ft Est. Value

Last Sold August 14, 2015

Last sale price $99,900 $50 Per Sq Ft

Est. 225% increase in value since last sale

Current estimated payment $2,029/month

334 Days on Market

Highlights

  • 328,878 Sq Ft lot
  • Private Lot
  • Hot Water Heating System
  • Farm
  • Recreation Facilities

About This Home

As of August 2015

Here is a well built home with lots of potential as to having over seven acres of land and also a 24 x 40 metal pole building. Six total bedrooms and three full bathrooms, one bathroom on each level for convenience. The two smaller bedrooms on the main floor could make a great office area and/or private reading room. Or his and hers office rooms. The upper level bedrooms are all adequate sized and all have closets. The lower basement level is partially finished so easy to apply and install your entertainment surround sound electronics. Priced well below current assessed value, so here is your golden opportunity to grab this deal before it is gone. A lotta house and land for not a lotta of money. .

Last Agent to Sell the Property

Ron Welnetz

ABSOLUTE REALTORS INC. License #49007 - 90 Listed on: 09/09/2014

Last Buyer's Agent

JOHN NEDDEN

ABSOLUTE REALTORS INC.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 7.55 Acre Lot
  • Rural Setting
  • Private Lot
  • Secluded Lot
  • Sloped Lot

Parking

  • Gravel Driveway

Home Design

  • Block Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • 2-Story Property
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Schools

  • Merrill High School

Utilities

  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Drilled Well
  • Septic Tank

Additional Features

  • Outbuilding
  • Farm

Community Details

  • Recreation Facilities

Listing and Financial Details

  • Assessor Parcel Number 052-3007-024-0991 and 0992

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: Town Road
  • Ownership: Fee Simple
  • Directions: From Merrill south on Cty Rd K to Rainbow Dr. East to property on left
  • Above Grade Finished Sq Ft: 2000.0
  • Architectural Style: Two Story
  • Unit Levels: Two
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built: 1950
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Has Basement: Full, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 6

Exterior Features

  • Lot Features: Farm, Private, Rural Lot, Secluded, Sloped
  • Waterfront: No
  • Construction Type: Frame, Vinyl Siding
  • Exterior Features: Out Building(s), Gravel Driveway
  • Foundation Details: Block
  • Roof: Composition, Shingle

Utilities

  • Laundry Features: Main Level
  • Heating: Hot Water, Natural Gas
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Septic Available
  • Water Source: Drilled Well

Condo/Co-op/Association

  • Community Features: Recreation Area

Schools

  • High School: LI Merrill

Lot Info

  • Lot Size Sq Ft: 328878.0
  • Parcel #: 052-3007-024-0991 and 0992
  • Zoning Description: Residential

Tax Info

  • Tax Annual Amount: 3004.0
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2014
Closed on
Aug 12, 2015
Sold by
Tcf National Bank
Bought by
Krause Jonah A
Seller's Agent
Ron Welnetz
ABSOLUTE REALTORS INC.
Buyer's Agent
JOHN NEDDEN
ABSOLUTE REALTORS INC.
List Price
$114,900
Sold Price
$99,900
Premium/Discount to List
-$15,000
-13.05%
Current Estimated Value
$324,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,466
Avg. Annual Appreciation
12.24%
Original Mortgage
$101,650
Outstanding Balance
$80,083
Interest Rate
4.08%
Mortgage Type
Construction
Estimated Equity
$244,283
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
Krause Jonah A $99,900 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krause Jonah A $101,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2015 08/14/15 Sold $99,900 -13.1% $50 / Sq Ft
08/11/2015 08/11/15 Pending -- -- --
09/10/2014 09/10/14 For Sale $114,900 -- $57 / Sq Ft
Source: Greater Northwoods 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 $3,763 $238,100 $34,000 $204,100
2023 $3,768 $238,100 $34,000 $204,100
2022 $3,194 $139,300 $15,500 $123,800
2021 $2,897 $139,300 $15,500 $123,800
2020 $2,819 $139,300 $15,500 $123,800
2019 $2,778 $139,300 $15,500 $123,800
2018 $2,805 $139,300 $15,500 $123,800
2017 $2,871 $139,300 $15,500 $123,800
2016 $2,799 $139,300 $15,500 $123,800
Source: Public Records

Agents Affiliated with this Home

  • Ron Welnetz

    Seller's Agent in 2015

    Ron Welnetz

    ABSOLUTE REALTORS INC.

    (715) 610-4590

    167 Total Sales

    Ron Welnetz
    Section Image

  • J

    Buyer's Agent in 2015

    JOHN NEDDEN

    ABSOLUTE REALTORS INC.

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Map

Source: Greater Northwoods MLS

MLS Number: 145246

Greater Northwoods MLS

APN: 146-3007-024-0991

Wisconsin Marathon County Merrill 54452

150 Rainbow Dr, Merrill, WI

This home is located at 150 Rainbow Dr, Merrill, WI 54452 since 09 September 2014 and is currently estimated at $324,366, approximately $162 per square foot. This property was built in 1950. 150 Rainbow Dr is a home located in Marathon County with nearby schools including Maine Elementary School, John Muir Middle School, and West 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.

Greater Northwoods 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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