NOT LISTED FOR SALE

1501 Rainbow Rd Bozeman, MT 59715

Estimated Value: $827,000 - $917,814

6 Beds
3 Baths
2,744 Sq Ft
$313/Sq Ft Est. Value

Last Sold April 12, 2021

Current estimated payment $4,763/month

1 Day on Market

Highlights

  • Deck
  • Wood Flooring
  • 2 Car Attached Garage
  • Morning Star School Rated A
  • No HOA
  • Park

About This Home

As of April 2021

DESIRABLE LOCATION WITH INCOME POTENTIAL! Located on Bozeman's Southside , this property can be lived in as a single family home, or as two separate units. The home sits on just under one acre and boasts mature landscaping, an aspen grove, berry bushes, large fire pit, epic Bridger Mountain views and space to build a shop or an ADU! Easy access to the community park, endless hiking and minutes to Downtown Bozeman.

Property is being sold in "as-is" condition, it has so much potential! Come make this home your own or a great investment property.

Last Agent to Sell the Property

Jackie Wickens

Yellowstone Brokers License #BRO-71708 Listed on: 03/11/2021

Co-Listed By

Trecie Wheat Hughes

Yellowstone Brokers License #BRO-71825

Last Buyer's Agent

Bobby Goodman

Big Sky Sotheby's - Bozeman License #BRO-54946

Big Sky Sotheby's - Bozeman

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,503

Year Built

  • Built in 1978

Lot Details

  • 0.93 Acre Lot
  • Zoning described as RX - Existing Residential

Parking

  • 2 Car Attached Garage

Home Design

  • Shingle Roof

Interior Spaces

  • 2,744 Sq Ft Home
  • 2-Story Property

Kitchen

  • Built-In Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Fireplace in Basement
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom
  • Laundry in Basement

Outdoor Features

  • Deck

Utilities

  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Well
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number RGG8559

Community Details

Overview

  • No Home Owners Association
  • Hyalite Heights Subdivision

Recreation

  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,503

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • ResoPropertyType: Residential
  • Property Sub Type: Single Family Residence
  • ResoPropertySubType: SingleFamilyResidence
  • Property Sub Type Additional: Single Family Residence
  • Unit Levels: Multi/Split
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1978
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 2

Interior Features

  • Fireplace Features: Basement
  • Fireplace: Yes
  • Flooring: Hardwood, Partially Carpeted, Tile
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Appliances: Built-In Oven, Dryer, Dishwasher, Range, Refrigerator, Washer
  • Above Grade Finished Sq Ft: 1444.0
  • Has Basement: Bathroom, Bedroom, Kitchen, Rec/Family Area
  • ResoLivingAreaSource: Assessor
  • Living Area: 2744.0

Exterior Features

  • Roof: Shingle
  • Waterfront Features: None
  • Waterfront: No
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: Attached, Garage
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Attached Garage: Yes

Utilities

  • Laundry Features: In Basement
  • Cooling: Varies by Unit
  • Heating: Baseboard, Electric, Natural Gas
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Septic Available, Water Available
  • Water Source: Well

Condo/Co-op/Association

  • Amenities: Park
  • Association: No

Lot Info

  • Lot Size Acres: 0.93
  • Lot Size Sq Ft: 40554.0
  • Parcel #: RGG8559
  • Zoning Description: RX - Existing Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3503.0
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2022
Sold by
Penza Vincent P
Bought by
Penza Family Trust
Current Estimated Value
$859,954

Purchase Details

Closed on
Jul 10, 2021
Sold by
Penza Family Trust and Penza Vincent P
Bought by
Penza Vincent P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 11, 2021
Closed on
May 11, 2021
Sold by
Penza Vincent P
Bought by
Penza Vincent P and Penza Family Trust
Seller's Agent
Jackie Wickens
Yellowstone Brokers
Buyer's Agent
Bobby Goodman
Big Sky Sotheby's - Bozeman
List Price
$625,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.57%
Original Mortgage
$506,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 11, 2021
Closed on
Apr 12, 2021
Sold by
Hernandez Joshua and Hernandez Abigail
Bought by
Penza Vincent P
Seller's Agent
Jackie Wickens
Yellowstone Brokers
Buyer's Agent
Bobby Goodman
Big Sky Sotheby's - Bozeman
List Price
$625,000

Purchase Details

Listed on
Oct 16, 2015
Closed on
Jul 13, 2016
Sold by
Koraly Robert L and Koraly Nalda N
Bought by
Hernandez Joshua and Hernandez Abigail
Seller's Agent
Sue Frye
ERA Landmark Real Estate
Buyer's Agent
Alicia Rutz
Small Dog Realty
List Price
$419,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.30%
Original Mortgage
$370,000
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2006
Sold by
Carey Alan D and Carey Sandra L
Bought by
Koraly Robert L and Koraly Naida N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Penza Family Trust -- None Listed On Document
Penza Vincent P -- New Title Company Name
Penza Vincent P -- Montana Title And Escrow
Penza Vincent P -- Montana Title And Escrow
Hernandez Joshua -- First American Title Company
Koraly Robert L -- Montana Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Penza Vincent P $506,250
Previous Owner Hernandez Joshua $370,000
Previous Owner Koraly Robert L $276,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/12/2021 04/12/21 Sold -- -- --
03/13/2021 03/13/21 Pending -- -- --
03/11/2021 03/11/21 For Sale $625,000 +49.2% $228 / Sq Ft
07/13/2016 07/13/16 Sold -- -- -- View Prior Sale
06/13/2016 06/13/16 Pending -- -- --
10/16/2015 10/16/15 For Sale $419,000 -- $156 / Sq Ft
Source: Big Sky Country 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
2025 $3,195 $849,700 $0 $0
2024 $4,149 $792,600 $0 $0
2023 $4,236 $792,600 $0 $0
2022 $3,552 $545,500 $0 $0
2021 $3,813 $545,500 $0 $0
2020 $3,503 $448,100 $0 $0
2019 $3,446 $448,100 $0 $0
2018 $3,021 $357,300 $0 $0
2017 $2,817 $357,300 $0 $0
2016 $2,380 $279,300 $0 $0
2015 $2,383 $279,300 $0 $0
2014 $2,402 $165,837 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Big Sky Country MLS

MLS Number: 355811

Big Sky Country MLS

APN: 06-0798-36-3-05-12-0000