NOT LISTED FOR SALE

1511 Rainbow Rd Grand Island, NE 68801

Estimated Value: $598,000 - $799,281

0.75 Acre
$922,347 Price per Acre
32,670 Sq Ft Lot

Last Sold May 04, 2018

Last sale price $55,000

Est. 1,158% increase in value since last sale

Current estimated payment $4,375/month

510 Days on Market

About This Lot

As of May 2018

Build your dream home at Trail View Estates. Just south of Hwy 34 across from Rainbow Lake. Large lots to accommodate house and extra building! Covenants in file. Dirtwork and drainage done to city specifications. Beginning April 1st, 2018, lot prices will be $62,500.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $470

Lot Details

  • 0.75 Acre Lot
  • Lot Dimensions are 102.54 x 318.21
  • Level Lot

Schools

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

Utilities

  • Gas Available

Community Details

  • Trail View Estates Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$470

Lot Details

0

Listing Details

  • Property Sub Type: Residential Lot
  • Prop. Type: Land
  • Lot Size Acres: 0.75
  • Lot Size: 102.54 x 318.21
  • Road Frontage Type: City Street
  • Road Surface Type: Concrete
  • Subdivision Name: Trail View Estates
  • Habitable Residence: No
  • Special Features: None

Exterior Features

  • Lot Features: Residential, Unknown Soil, Curbs & Gutters
  • Topography: Level
  • Waterfront: No

Utilities

  • Electricity On Property: No
  • Sewer: Public Sewer
  • Water Source: Public
  • Gas Company: Available

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Schools

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

Lot Info

  • Current Use: Other-See Remarks
  • Lot Size Sq Ft: 32670
  • Crops Included: No
  • Farm Land Area Units: Square Feet
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 470.48
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 12, 2023
Sold by
Ryan Bartels Construction Co Llc
Bought by
Reed James L and Reed Melissa A
Current Estimated Value
$691,760

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$790,000
Interest Rate
6.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2022
Sold by
Unknown
Bought by
Ryan Bartels Construction Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,564
Interest Rate
4.42%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 9, 2016
Closed on
Apr 26, 2018
Sold by
Ssb Development Llc
Bought by
Jim Anderson Construction Inc
List Price
$49,900
Sold Price
$55,000
Premium/Discount to List
$5,100
10.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.03%
Source: Public Records

Range of Values:

Collateral Analytics

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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
Reed James L $800,000 None Listed On Document
Reed James L $800,000 None Listed On Document
Ryan Bartels Construction Co Llc $62,000 Grand Island Abstract
Jim Anderson Construction Inc $55,000 Grand Island Abstract Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reed James L $790,000
Previous Owner Ryan Bartels Construction Co Llc $57,564
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2018 05/04/18 Sold $55,000 +10.2% --
04/04/2018 04/04/18 Pending -- -- --
11/09/2016 11/09/16 For Sale $49,900 -- --
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 $8,828 $550,150 $39,883 $510,267
2023 $2,170 $123,998 $39,883 $84,115
2022 $724 $37,500 $37,500 $0
2021 $440 $22,500 $22,500 $0
2020 $449 $22,500 $22,500 $0
2019 $460 $22,500 $22,500 $0
2017 $470 $22,500 $22,500 $0
2016 $452 $22,500 $22,500 $0
2015 $26 $1,268 $1,268 $0
2014 $27 $1,268 $1,268 $0
Source: Public Records

Map

Source: Grand Island Board of REALTORS®

MLS Number: 20161009

APN: 400418942

Nebraska Hall County Grand Island 68801

1511 Rainbow Rd, Grand Island, NE

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