NOT LISTED FOR SALE

1506 Rainbow Rd Grand Island, NE 68801

Estimated Value: $555,000 - $612,000

4 Beds
3.5 Baths
2,328 Sq Ft
$254/Sq Ft Est. Value

Last Sold July 28, 2023

Last sale price $545,000 $234 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,673/month

5 Days on Market

Highlights

  • Waterfront
  • Ranch Style House
  • Sun or Florida Room
  • 0.65 Acre Lot
  • Wood Flooring
  • Covered Patio or Porch

About This Home

As of July 2023

Lakefront. Peaceful. Private. This pristine open-concept ranch is located on Rainbow Lake on approx. .65 acres! Featuring 4 beds + 1 bonus room, 3.5 baths, & over 2,300 sq. ft. Remodeled kitchen and master bath! Spacious master bedroom. Sunroom. Finished basement with huge family room. Lake access from private beach! Beautifully landscaped. Heated 3 car garage. Come enjoy life on the lake!

Last Agent to Sell the Property

Jasey Klein

Keller Williams Heartland License #20180006 Listed on: 06/19/2023

Keller Williams Heartland

Last Buyer's Agent

Megan Goplin

Keller Williams Heartland License #20200088

Keller Williams Heartland

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,636

Year Built

  • Built in 1999

Lot Details

  • 0.65 Acre Lot
  • Waterfront
  • Landscaped
  • Sprinklers on Timer

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Ranch Style House
  • Brick or Stone Mason
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 2,328 Sq Ft Home
  • Gas Fireplace
  • Drapes & Rods
  • Blinds
  • Living Room with Fireplace
  • Sun or Florida Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Storm Doors
  • Laundry on main level

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Walk-In Closet

Outdoor Features

  • Covered Patio or Porch

Schools

  • Stolley Park Elementary School
  • Barr Middle School
  • Grand Island Senior High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Well
  • Gas Water Heater
  • Water Softener is Owned

Community Details

  • Rainbow Lake Second Subdivision

Listing and Financial Details

  • Assessor Parcel Number 400354780

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,636

Year Built

Built in 1999

Lot Details

0

HOA Fees

$8 per month

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.65
  • Lot Size: Irregular
  • Road Surface Type: Paved
  • Subdivision Name: Rainbow Lake Second
  • Above Grade Finished Sq Ft: 2328
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1999
  • Kitchen Level: Main
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Dishwasher, Disposal, Refrigerator, Microwave, Water Softener Owned, Gas Water Heater
  • Has Basement: Full, Finished
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 2090
  • Door Features: Storm Door(s)
  • Fireplace Features: Living Room, One, Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Wood, Carpet, Tile
  • Interior Amenities: Master Bath, Sunroom, Walk-In Closet(s)
  • Living Area: 2328
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Window Features: Drapes, Blinds
  • Room Kitchen Area: 172.3333
  • Room Bedroom2 Area: 144.1944
  • Room Bedroom3 Area: 110.625
  • Room Bedroom2 Level: Main
  • Room Bedroom3 Level: Main
  • Room Bedroom4 Level: Main
  • Room Family Room Area: 766.1806
  • Room Living Room Area: 724.5
  • Dining Room Dining Room Level: Main
  • Room Family Room Level: Basement
  • Room Kitchen Features: Electric Range, Dishwasher, Garbage Disposal, Refrigerator, Microwave, Tile
  • Living Room Living Room Level: Main
  • Room Master Bedroom Area: 221.2639
  • Dining Room Features: Wood
  • Family Room Features: Carpet
  • Living Room Features: Fireplace, Wood
  • Master Bedroom Master Bedroom Level: Main
  • Master Bedroom Master Bedroom Width: 14.8333

Exterior Features

  • Lot Features: Automatic Sprinkler, Established Yard
  • Waterfront: Yes
  • Home Warranty: No
  • Construction Type: Frame, Brick
  • Exterior Features: Rain Gutters
  • Patio And Porch Features: Covered Patio
  • Roof: Composition

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Parking Features: Garage Door Opener, 3 Car, Attached
  • Total Parking Spaces: 3

Utilities

  • Laundry Features: Main Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas Forced Air
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Natural Gas Connected, Electricity Connected
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 8.33
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Elementary School: Stolley Park
  • High School: Grand Island Senior High
  • Middle Or Junior School: Barr Middle School

Lot Info

  • Lot Size Sq Ft: 28314
  • Farm Land Area Units: Square Feet
  • Parcel #: 400354780
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 6636.12
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2023
Closed on
Jul 14, 2023
Sold by
Arent Ronald and Arent Kathy
Bought by
Pierson Joel and Pierson Sierra
Seller's Agent
Jasey Klein
Keller Williams Heartland
Buyer's Agent
Megan Goplin
Keller Williams Heartland
List Price
$545,000
Sold Price
$545,000
Views
108
Current Estimated Value
$590,265

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,265
Avg. Annual Appreciation
3.61%
Original Mortgage
$528,650
Outstanding Balance
$515,803
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$74,462

Purchase Details

Closed on
Feb 2, 2009
Sold by
Greenwood Marcella M
Bought by
Arent Ronald and Arent Kathy

Purchase Details

Closed on
Jan 29, 2009
Sold by
Greenwood Marcella M
Bought by
Arent Ronald and Arent Kathy

Purchase Details

Closed on
May 26, 2005
Sold by
Greenwood Marcella M
Bought by
Greenwood Marcella M

Purchase Details

Closed on
Dec 28, 2004
Sold by
Greenwood Marcella M
Bought by
Greenwood Marcella M
Source: Public Records

Range of Values:

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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
Pierson Joel $545,000 Grand Island Abstract
Arent Ronald $286,000 --
Arent Ronald $286,000 --
Greenwood Marcella M -- --
Greenwood Marcella M -- --
Greenwood Marcella M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pierson Joel $528,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2023 07/28/23 Sold $545,000 0.0% $234 / Sq Ft
06/25/2023 06/25/23 Pending -- -- --
06/19/2023 06/19/23 For Sale $545,000 -- $234 / Sq Ft
Source: Grand Island Board of REALTORS®

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 $6,721 $485,615 $57,337 $428,278
2023 $8,657 $494,631 $57,337 $437,294
2022 $6,636 $343,875 $42,500 $301,375
2021 $6,726 $343,875 $42,500 $301,375
2020 $7,082 $343,875 $42,500 $301,375
2019 $7,262 $355,275 $42,227 $313,048
2017 $7,117 $340,368 $42,227 $298,141
2016 $4,998 $248,800 $42,227 $206,573
2015 $5,073 $248,800 $42,227 $206,573
2014 $5,255 $248,800 $42,227 $206,573
Source: Public Records

Agents Affiliated with this Home

  • Jasey Klein

    Seller's Agent in 2023

    Jasey Klein

    Keller Williams Heartland

    (402) 309-0825

    83 in this area

    100 Total Sales

    Jasey Klein
    Section Image

  • M

    Buyer's Agent in 2023

    Megan Goplin

    Keller Williams Heartland

    (402) 694-9611

    156 in this area

    227 Total Sales

    Megan Goplin
    Section Image
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Map

Source: Grand Island Board of REALTORS®

MLS Number: 20230580

APN: 400354780

Nebraska Hall County Grand Island 68801

1506 Rainbow Rd, Grand Island, NE

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