$220,000
SOLD DEC 23, 2024

1616 Rainbow Dr Evansville, IN 47712

3 Beds
2.5 Baths
1,747 Sq Ft
10,400 Sq Ft Lot

Recently Sold

$126 Per Sq Ft

9% Below List Price

74 Days on Market

Highlights

  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System
  • Carpet
  • Perry Heights Middle School Rated 9+

About This Home

As of December 2024

What a wonderful home on Evansville's westside. Located in Meadow West Subdivision. Three bedroom, two and a half baths. The large eat in kitchen offers a side bonus room. This room could be used for home office, extra dining area, reading area - options are endless. The large living room makes it easy for gatherings and relaxation. Main suite and additional two bedrooms are all located on the upper level, for your convenience the laundry area is on this level as well. Large fenced in back yard perfect for entertaining, and ready for your pet if needed.

Last Agent to Sell the Property

Susan Backes

STATEWIDE REALTY Brokerage Phone: 812-434-4663 Listed on: 09/13/2024

Last Buyer's Agent

Karan Woods

EVANSVILLE REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,100

Year Built

  • Built in 1996

Lot Details

  • 10,400 Sq Ft Lot
  • Lot Dimensions are 80x130
  • Chain Link Fence

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 1,747 Sq Ft Home
  • 2-Story Property
  • Crawl Space
  • Washer and Electric Dryer Hookup

Kitchen

  • Electric Oven or Range
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms

Location

  • Suburban Location

Schools

  • West Terrace Elementary School
  • Perry Heights Middle School
  • Francis Joseph Reitz High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Bolins Meadow West Subdivision

Listing and Financial Details

  • Assessor Parcel Number 82-05-33-007-400.014-024

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,100

Year Built

Built in 1996

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1996
  • Style: Two Story
  • Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: BOLINS MEADOW WEST SUB SEC B LOT 34
  • Parcel Number ID: 82-05-33-007-400.014-024
  • Platted: Yes
  • Amenities: Deck Open, Disposal, Dryer Hook Up Electric, Range/Oven Hook Up Elec, Washer Hook-Up
  • Location: City/Town/Suburb
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Sq Ft: 1747
  • Total Finished Sq Ft: 1747
  • Above Grade Finished Sq Ft: 1747
  • Basement Foundation: Crawl
  • Flooring: Carpet, Laminate
  • Living Great Room: Dimensions: 19x13, On Level: Main
  • Kitchen: Dimensions: 23x12, On Level: Main
  • Den: Dimensions: 11x10, On Level: Main
  • Bedroom 1: Dimensions: 18x12, On Level: Upper
  • Bedroom 2: Dimensions: 12x10, On Level: Upper
  • Bedroom 3: Dimensions: 11x10, On Level: Upper
  • Number of Main Level Full Bathrooms: 2
  • Number of Main Level Half Bathrooms: 1

Exterior Features

  • Exterior: Aluminum, Brick
  • Roof Material: Asphalt, Shingle
  • Outbuilding1: Shed, Dimensions: 10x8
  • Fence: Chain Link

Garage/Parking

  • Driveway: Concrete
  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 21x21
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Public
  • Water Utilities: Public
  • Electric Company: CenterPoint Energy
  • Gas Company: CenterPoint Energy
  • Water Company: Evansville Water & Sewer

Schools

  • Elementary School: West Terrace

Lot Info

  • Lot Dimensions: 80X130
  • Estimated Lot Sq Ft: 10400
  • Estimated Lot Size Acres: 0.24
  • Lot Number: 34

Tax Info

  • Annual Taxes: 2099.84
  • Exemptions: Homestead, Supplemental

MLS Schools

  • High School: Francis Joseph Reitz
  • Middle School: Perry Heights
  • School District: Evansville-Vanderburgh School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2024
Closed on
Dec 23, 2024
Sold by
Smith Christopher M
Bought by
Woods Karan J
Seller's Agent
Susan Backes
STATEWIDE REALTY
Buyer's Agent
Karan Woods
EVANSVILLE REALTY
List Price
$242,500
Sold Price
$220,000
Premium/Discount to List
-$22,500
-9.28%
Views
83
Current Estimated Value
$237,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,640
Avg. Annual Appreciation
8.19%
Original Mortgage
$352,000
Outstanding Balance
$345,611
Interest Rate
6.78%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$107,971

Purchase Details

Closed on
Sep 6, 2022
Sold by
Smith Nicole M
Bought by
Smith Christopher M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
5.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2010
Sold by
Iams Debra A and Bennett Debra A
Bought by
Smith Christopher M and Smith Nicole M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,614
Interest Rate
4.25%
Mortgage Type
FHA
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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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $220,000 None Listed On Document
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $352,000 Credit Line Revolving
Closed $352,000 Credit Line Revolving
Previous Owner $185,000 New Conventional
Previous Owner $125,614 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2024 12/23/24 Sold $220,000 -7.8% $126 / Sq Ft
11/26/2024 11/26/24 Pending -- -- --
11/15/2024 11/15/24 Price Changed $238,500 -0.4% $137 / Sq Ft
10/25/2024 10/25/24 Price Changed $239,500 -1.0% $137 / Sq Ft
10/03/2024 10/03/24 Price Changed $242,000 -0.2% $139 / Sq Ft
09/13/2024 09/13/24 For Sale $242,500 -- $139 / Sq Ft
Source: Indiana Regional 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
2024 $2,237 $226,300 $22,200 $204,100
2023 $2,100 $219,400 $22,200 $197,200
2022 $1,656 $174,200 $22,200 $152,000
2021 $1,669 $166,200 $22,200 $144,000
2020 $1,603 $166,200 $22,200 $144,000
2019 $1,595 $166,300 $22,200 $144,100
2018 $1,253 $142,800 $22,200 $120,600
2017 $1,228 $141,500 $22,200 $119,300
2016 $1,226 $144,000 $22,200 $121,800
2014 $1,233 $145,400 $22,200 $123,200
2013 -- $148,200 $22,200 $126,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202435449

Indiana Regional MLS

APN: 82-05-33-007-400.014-024