Seller's Agent in 2022
Susan Larrabee
Berkshire HathawayHS PenFed TX
(817) 846-9778
11 in this area
88 Total Sales
1603 Rainbow St Southlake, TX 76092
Estimated Value: $2,015,101 - $2,033,000
5
Beds
5.5
Baths
5,676
Sq Ft
$357/Sq Ft
Est. Value
Highlights
- Heated Pool and Spa
- Electric Gate
- Open Floorplan
- Old Union Elementary School Rated A+
- Built-In Refrigerator
- Dual Staircase
About This Home
As of March 2022AN OFFER HAS BEEN VERBALLY ACCEPTED. Worthing is a special executive neighborhood tucked between Cambridge Place & Versailles, no HOA, and walking distance to Old Union Elementary. It's a short hop to Southlake Town Square & HWY 114. This beautiful custom home sits on over half an acre with a very private & spacious backyard complete with pool, spa, builtin grill area & sport court! Inside there is a temp-controlled wine cellar for the wine enthusiast, formal dining & living, 3 fireplaces, a fantastic kitchen with commercial grade Viking range, large kitchen island with two dishwashers & a generously sized walk in pantry, with a 2nd smaller office behind the breakfast nook area. Master and guest bedrooms down, 3 bedrooms up, plus a full media room and bonus game room. This home will not disappoint! Such a fantastic location, with a brand new circular drive, 4 car garage and double wrought iron doors, this home won't last long.
Last Agent to Sell the Property
Berkshire HathawayHS PenFed TX License #0505941 Listed on: 02/19/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $22,468
Year Built
- Built in 2001
Lot Details
- 0.59 Acre Lot
- Wrought Iron Fence
- High Fence
- Wood Fence
- Water-Smart Landscaping
- Interior Lot
- Sprinkler System
- Many Trees
- Private Yard
- Lawn
- Back Yard
Parking
- 4 Car Attached Garage
- Workshop in Garage
- Side Facing Garage
- Multiple Garage Doors
- Garage Door Opener
- Circular Driveway
- Electric Gate
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
Interior Spaces
- 5,676 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Wet Bar
- Central Vacuum
- Dual Staircase
- Home Theater Equipment
- Wired For Sound
- Dry Bar
- Vaulted Ceiling
- Ceiling Fan
- Chandelier
- Decorative Lighting
- Fireplace With Glass Doors
- Gas Log Fireplace
- Stone Fireplace
- Fireplace Features Masonry
- ENERGY STAR Qualified Windows
- Shutters
- Family Room with Fireplace
- 3 Fireplaces
- Great Room with Fireplace
Kitchen
- Eat-In Kitchen
- Double Oven
- Gas Oven
- Built-In Gas Range
- Microwave
- Built-In Refrigerator
- Plumbed For Ice Maker
- Dishwasher
- Wine Cooler
- Kitchen Island
- Granite Countertops
- Trash Compactor
- Disposal
- Fireplace in Kitchen
Flooring
- Wood
- Carpet
- Ceramic Tile
- Travertine
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
Laundry
- Laundry in Utility Room
- Washer and Electric Dryer Hookup
Home Security
- Security System Owned
- Intercom
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Eco-Friendly Details
- Energy-Efficient Appliances
- Energy-Efficient HVAC
- Energy-Efficient Insulation
- Energy-Efficient Thermostat
Pool
- Heated Pool and Spa
- Heated In Ground Pool
- Gunite Pool
- Pool Water Feature
- Pool Sweep
Outdoor Features
- Sport Court
- Covered Patio or Porch
- Outdoor Living Area
- Exterior Lighting
- Outdoor Gas Grill
- Rain Gutters
Schools
- Oldunion Elementary School
- Carroll High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- Vented Exhaust Fan
- Underground Utilities
- Gas Water Heater
- High Speed Internet
Community Details
- Worthing Add Subdivision
Listing and Financial Details
- Legal Lot and Block 9 / 1
- Assessor Parcel Number 07714564
Matterport 3D Tour
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 19, 2022
Closed on
Mar 14, 2022
Sold by
National Residential Nominee Services In
Bought by
Ayala Michael R and Ayala Jaree H
Seller's Agent
Susan Larrabee
Berkshire HathawayHS PenFed TX
Buyer's Agent
Rosa Ayala
The Michael Group
List Price
$1,697,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.00%
Original Mortgage
$1,640,000
Outstanding Balance
$1,522,667
Interest Rate
3.38%
Mortgage Type
New Conventional
Estimated Equity
$504,033
Purchase Details
Listed on
Feb 19, 2022
Closed on
Mar 1, 2022
Sold by
Moates and Kimberly
Bought by
National Residential Nominee Services Inc
Seller's Agent
Susan Larrabee
Berkshire HathawayHS PenFed TX
Buyer's Agent
Rosa Ayala
The Michael Group
List Price
$1,697,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,640,000
Outstanding Balance
$1,522,667
Interest Rate
3.38%
Mortgage Type
New Conventional
Estimated Equity
$504,033
Purchase Details
Closed on
Jun 13, 2019
Sold by
Koenig Guy D and Koenig Julie W
Bought by
Moates Jefferey and Moates Kimberly
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$883,600
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Apr 24, 2014
Sold by
Minahan Mike and Minahan Shelly
Bought by
Koenig Guy D and Koenig Julie W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$752,000
Interest Rate
4.43%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 31, 2006
Sold by
Treta Richard M and Treta Allison
Bought by
Minahan Mike and Minahan Shelly
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,000
Interest Rate
6.5%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Oct 2, 2001
Sold by
Talisman Homes Inc
Bought by
Treta Richard M and Treta Allison
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
6.84%
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 |
|---|---|---|---|
| Ayala Michael R | -- | Fidelity National Title | |
| National Residential Nominee Services Inc | -- | Fidelity National Title | |
| Moates Jefferey | -- | Capital Title | |
| Koenig Guy D | -- | None Available | |
| Minahan Mike | -- | Richard M Kilgore Title Svcs | |
| Treta Richard M | -- | American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ayala Michael R | $1,640,000 | |
| Previous Owner | Moates Jefferey | $883,600 | |
| Previous Owner | Koenig Guy D | $752,000 | |
| Previous Owner | Minahan Mike | $397,000 | |
| Previous Owner | Treta Richard M | $540,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/31/2022 03/31/22 | Sold | -- | -- | -- |
| 03/09/2022 03/09/22 | Pending | -- | -- | -- |
| 02/19/2022 02/19/22 | For Sale | $1,697,000 | -- | $299 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
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 |
|---|---|---|---|---|
| 2025 | $27,336 | $1,754,519 | $401,070 | $1,353,449 |
| 2024 | $27,336 | $1,754,519 | $401,070 | $1,353,449 |
| 2023 | $32,537 | $1,785,106 | $401,070 | $1,384,036 |
| 2022 | $23,780 | $1,403,244 | $271,725 | $1,131,519 |
| 2021 | $22,846 | $1,002,038 | $271,725 | $730,313 |
| 2020 | $21,837 | $950,000 | $264,105 | $685,895 |
| 2019 | $24,563 | $1,014,359 | $175,000 | $839,359 |
| 2018 | $22,305 | $971,221 | $175,000 | $796,221 |
| 2017 | $21,955 | $885,792 | $160,000 | $725,792 |
| 2016 | $21,736 | $876,929 | $160,000 | $716,929 |
| 2015 | $19,308 | $865,018 | $95,000 | $770,018 |
| 2014 | $19,308 | $794,300 | $95,000 | $699,300 |
Source: Public Records
Agents Affiliated with this Home
-
Susan Larrabee
-
Rosa Ayala
Buyer's Agent in 2022
Rosa Ayala
The Michael Group
(972) 741-0003
1 in this area
38 Total Sales
Map
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 14761957
APN: 07714564
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Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved
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