NOT LISTED FOR SALE

17972 Rainbow Fraser, MI 48026

Estimated Value: $238,000 - $257,000

3 Beds
1 Bath
1,597 Sq Ft
$155/Sq Ft Est. Value

Last Sold April 07, 2016

Last sale price $75,000 $47 Per Sq Ft

Est. 230% increase in value since last sale

Current estimated payment $1,687/month

9 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Forced Air Heating System
  • Corner Lot
  • 2 Car Detached Garage

About This Home

As of April 2016

Great opportunity to own this spacious home featuring living room with fireplace and built in bookcase, family room, enclosed Florida room, updated kitchen, dining area has bay window, hardwood floors, covered front porch. HUD Homes sold as is.

Last Agent to Sell the Property

Jasna Hoyt

Hoyt Real Estate Inc License #MISPE-6502109452 Listed on: 01/02/2016

Last Buyer's Agent

Wanda Davidson

RE/MAX First License #MISPE-6501278495

RE/MAX First

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1958

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 60x120
  • Fenced Yard
  • Corner Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Tri-Level Property
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1,597 Sq Ft Home
  • Living Room with Fireplace
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Venetian Village Subdivision

Listing and Financial Details

  • Assessor Parcel Number 14-05-406-018

Home Details

Home Type

Single Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Originating MLS: MiRealSource
  • Class: RESIDENTIAL
  • Type Of Property: Single Family
  • Structure Style: Tri-Level
  • Total Tax Amount: 2508
  • Total Tax Year: 2014
  • Year Built: 1958
  • Mail City: Fraser
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Interior Amenities: Hardwood Floors
  • Fireplace: Yes
  • Fireplaces: LivRoom Fireplace
  • Bedrooms: 3
  • Bedroom 1: On 2nd Floor, Dimensions: 12 x 9
  • Bedroom 2: On 2nd Floor, Dimensions: 12 x 11
  • Bedroom 3: Dimensions: 11 x 9
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Living Room: On Entry Level, Dimensions: 24 x 12
  • Half Bathrooms: 1
  • Above Grade Finished Sq Ft: 1597
  • Total Finished Sq Ft: 1597

Exterior Features

  • Exterior: Brick
  • Exterior Features: Fenced Yard, Sidewalks
  • Foundation: Slab
  • Frontage: 60

Garage/Parking

  • Garage: Detached Garage
  • Garage Spaces: 2
  • Garage: Yes

Utilities

  • Heating: Forced Air
  • Heating Fuel: Natural Gas
  • Sewer: Public Sanitary
  • Water: Public Water
  • Water Heater: Gas

Lot Info

  • Assessor Parcel Number: 14-05-406-018
  • Lot Dimensions: 60x120
  • Acreage: 0.17
  • Geo Subdivision: MI
  • Site/Lot Features: Corner Lot

Tax Info

  • Summer Tax: Year: 2014, Amount: $2,062.00
  • Winter Tax: Year: 2014, Amount: $446.00
  • Taxable Value: 48338
  • Total Tax: Year: 2014, Amount: $2,508.00
  • SEV Year: 2015

MLS Schools

  • School District: Fraser Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 2, 2016
Closed on
Apr 6, 2016
Sold by
Secretary Of Housing & Urban Development
Bought by
Grahic Malka
Seller's Agent
Jasna Hoyt
Hoyt Real Estate Inc
Buyer's Agent
Wanda Davidson
RE/MAX First
List Price
$94,500
Sold Price
$75,000
Premium/Discount to List
-$19,500
-20.63%
Current Estimated Value
$247,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,660
Avg. Annual Appreciation
13.58%
Original Mortgage
$82,559
Interest Rate
3.68%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 17, 2015
Sold by
Bank Of America Na
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Feb 17, 2015
Bought by
Bank Of America Na

Purchase Details

Closed on
Jul 1, 2004
Sold by
Finley David A and Finley Brenda
Bought by
Snavely Judy Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,989
Interest Rate
6.37%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 9, 2004
Sold by
Finley David A and Finley Brenda
Bought by
Finley David A and Finley Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,000
Interest Rate
5.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 11, 1998
Sold by
Teuma Roxann M
Bought by
Finley David A
Source: Public Records

Range of Values:

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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
Grahic Malka $75,000 Partners Title Agency Llc
Secretary Of Housing & Urban Development $79,000 Attorney
Bank Of America Na $79,000 --
Snavely Judy Ann $162,500 Metropolitan Title Company
Finley David A -- Wilson Title Agency Llc
Finley David A $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grahic Malka $80,300
Closed Grahic Malka $82,559
Previous Owner Snavely Judy A $159,989
Previous Owner Finley David A $137,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2016 04/07/16 Sold $75,000 0.0% $47 / Sq Ft
04/07/2016 04/07/16 Sold $75,000 -20.6% $47 / Sq Ft
01/11/2016 01/11/16 Pending -- -- --
01/11/2016 01/11/16 Pending -- -- --
01/02/2016 01/02/16 For Sale $94,500 -10.0% $59 / Sq Ft
09/30/2015 09/30/15 For Sale $105,000 -- $66 / Sq Ft
Source: Michigan Multiple Listing Service

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
2025 $3,972 $112,800 $0 $0
2024 $3,787 $108,600 $0 $0
2023 $4,119 $100,000 $0 $0
2022 $3,575 $86,100 $0 $0
2021 $3,536 $85,800 $0 $0
2020 $3,410 $79,700 $0 $0
2019 $3,919 $72,200 $0 $0
2018 $3,944 $68,500 $0 $0
2017 $4,577 $59,063 $13,942 $45,121
2016 $3,263 $59,068 $0 $0
2015 -- $53,940 $0 $0
2013 $2,028 $46,828 $0 $0
2011 -- $52,944 $16,633 $36,311
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jasna Hoyt

    Hoyt Real Estate Inc

    Section Image
  • Wanda Davidson

    Buyer's Agent in 2016

    Wanda Davidson

    RE/MAX

    (586) 321-0929

    48 Total Sales

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Map

Source: Michigan Multiple Listing Service

MLS Number: 31274640

Michigan Multiple Listing Service

APN: 03-14-05-406-018

Michigan Macomb County Fraser 48026

17972 Rainbow, Fraser, MI

This home is located at 17972 Rainbow, Fraser, MI 48026 since 02 January 2016 and is currently estimated at $247,660, approximately $155 per square foot. This property was built in 1958. 17972 Rainbow is a home located in Macomb County with nearby schools including Eisenhower Elementary School, Richards Middle School, and Fraser High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Michigan Multiple Listing Service Source MLS: MiRealSource
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