NOT LISTED FOR SALE

186 Rainbow Dr Grand Junction, CO 81503

Orchard Mesa Neighborhood

Estimated Value: $286,000 - $351,000

2 Beds
1 Bath
1,443 Sq Ft
$221/Sq Ft Est. Value

About This Home

This home is located at 186 Rainbow Dr, Grand Junction, CO 81503 and is currently estimated at $319,516, approximately $221 per square foot. 186 Rainbow Dr is a home located in Mesa County with nearby schools including Mesa View Elementary School, Orchard Mesa Middle School, and Central High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2025
Sold by
Mcelroy Jess and Mcelroy Lucille
Bought by
Richards Arthur
Current Estimated Value
$319,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,081
Outstanding Balance
$375,081
Interest Rate
6.89%
Mortgage Type
FHA
Estimated Equity
-$53,278

Purchase Details

Closed on
Nov 14, 1996
Sold by
Trader Halbert Deon and Harper Elaine E
Bought by
Mcelroy Jess and Mcelroy Lucille

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
8%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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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
Richards Arthur $382,000 None Listed On Document
Mcelroy Jess $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richards Arthur $375,081
Previous Owner Mcelroy Jess $58,500
Previous Owner Mcelroy Jess $51,000
Source: Public Records

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 $640 $13,000 $4,570 $8,430
2023 $640 $13,000 $4,570 $8,430
2022 $600 $11,780 $4,780 $7,000
2021 $571 $12,120 $4,920 $7,200
2020 $544 $12,040 $4,740 $7,300
2019 $501 $12,040 $4,740 $7,300
2018 $508 $11,150 $4,280 $6,870
2017 $502 $11,150 $4,280 $6,870
2016 $458 $11,230 $4,730 $6,500
2015 $461 $11,230 $4,730 $6,500
2014 $335 $7,110 $4,730 $2,380
Source: Public Records

Map

Colorado Mesa County Grand Junction 81503 Orchard Mesa

186 Rainbow Dr, Grand Junction, CO

This home is located at 186 Rainbow Dr, Grand Junction, CO 81503 and is currently estimated at $319,516, approximately $221 per square foot. 186 Rainbow Dr is a home located in Mesa County with nearby schools including Mesa View Elementary School, Orchard Mesa Middle School, and Central High School.

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