P
Seller's Agent in 2021
Peggy James
Coldwell Banker Realty
(952) 240-6488
1 in this area
14 Total Sales
1514 Rainbow Ave Maple Plain, MN 55359
Independence NeighborhoodEstimated Value: $358,208 - $457,000
4
Beds
2
Baths
2,200
Sq Ft
$179/Sq Ft
Est. Value
Highlights
- Guest Suite with Kitchen
- Deck
- No HOA
- Schumann Elementary School Rated A-
- Main Floor Primary Bedroom
- The kitchen features windows
About This Home
As of November 2021Just 25 minutes from downtown Mpls, small town living yet convenience of easy commute to business, shops and one of the top rated school systems in Minnesota, Orono Schools. Rainbow Ave is a street of well maintained homes neighboring Rainbow Park. The park offers excellent play areas, walking trails, tennis, ball fields, ice rink with warming house. A park for all seasons! Home recently updated with fresh paint in today's preferred white wall color and new soft grey carpet thru/out main level. Bath on main updated with new vanity. Family room on lower level has wood paneling on one wall, and complimented by new berber carpet. Room is light and bright with double windows. All 4 bedrooms are good size. Kitchen the heart of the home, open to informal dining, windows overlook the double size yard, door gives access to the deck. 2 PID's make up space for future inground pool, gardens or adding a 3rd/4th garage. (some rooms virtually staged)
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,031
Year Built
- Built in 1968
Lot Details
- 0.33 Acre Lot
- Lot Dimensions are 117x123
- Wire Fence
- Additional Parcels
Parking
- 2 Car Attached Garage
Home Design
- Bi-Level Home
- Pitched Roof
Interior Spaces
- Wet Bar
- Family Room
- Living Room
- Dining Room
- Utility Room
Kitchen
- Range
- Microwave
- Dishwasher
- The kitchen features windows
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- Guest Suite with Kitchen
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Natural lighting in basement
Outdoor Features
- Deck
Utilities
- Forced Air Heating and Cooling System
- 200+ Amp Service
- Cable TV Available
Community Details
- No Home Owners Association
- Rainbow Lane 1St Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 2611824110039
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 5, 2021
Closed on
Nov 22, 2021
Sold by
Welch Dannie D and Welch Kathryn M
Bought by
Loycano Eric
Seller's Agent
Peggy James
Coldwell Banker Realty
Buyer's Agent
Maureen Trost
Keller Williams Premier Realty Lake Minnetonka
List Price
$379,000
Sold Price
$335,000
Premium/Discount to List
-$44,000
-11.61%
Total Days on Market
103
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,802
Avg. Annual Appreciation
3.56%
Original Mortgage
$11,000
Outstanding Balance
$10,305
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$367,473
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Loycano Eric | $335,000 | Burnet Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Loycano Eric | $11,000 | |
| Open | Loycano Eric | $324,950 | |
| Previous Owner | Welch Dannie D | $166,500 | |
| Previous Owner | Welch Dannie D | $194,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/24/2021 11/24/21 | Sold | $335,000 | -4.3% | $152 / Sq Ft |
| 10/17/2021 10/17/21 | Pending | -- | -- | -- |
| 09/01/2021 09/01/21 | Price Changed | $349,900 | -5.2% | $159 / Sq Ft |
| 07/21/2021 07/21/21 | Price Changed | $369,000 | -2.6% | $168 / Sq Ft |
| 07/05/2021 07/05/21 | For Sale | $379,000 | -- | $172 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $5,186 | $315,600 | $73,000 | $242,600 |
| 2022 | $3,434 | $302,000 | $71,000 | $231,000 |
| 2021 | $3,578 | $250,000 | $71,000 | $179,000 |
| 2020 | $3,568 | $223,000 | $51,000 | $172,000 |
| 2019 | $3,743 | $211,000 | $50,000 | $161,000 |
| 2018 | $3,850 | $213,000 | $44,000 | $169,000 |
| 2017 | $3,921 | $205,000 | $57,000 | $148,000 |
| 2016 | $4,182 | $189,000 | $57,000 | $132,000 |
| 2015 | $4,130 | $185,000 | $57,000 | $128,000 |
| 2014 | -- | $176,000 | $57,000 | $119,000 |
Source: Public Records
Agents Affiliated with this Home
-
Peggy James
-
Mary Kennedy
Seller Co-Listing Agent in 2021
Mary Kennedy
Coldwell Banker Realty
(612) 867-1700
1 in this area
11 Total Sales
-
Maureen Trost
Buyer's Agent in 2021
Maureen Trost
Keller Williams Premier Realty Lake Minnetonka
(937) 416-0069
1 in this area
10 Total Sales
Map
Similar Homes in Maple Plain, MN
Source: NorthstarMLS
MLS Number: 6018025
APN: 26-118-24-11-0039
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