NOT LISTED FOR SALE

2003 E Rainbow Trail Payson, AZ 85541

Estimated Value: $530,000 - $589,000

3 Beds
2 Baths
1,467 Sq Ft
$384/Sq Ft Est. Value

Last Sold December 20, 2022

Last sale price $498,000 $339 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,024/month

195 Days on Market

Highlights

  • New Construction
  • No HOA
  • No Interior Steps
  • Mountain View
  • Covered Patio or Porch
  • Laundry in Utility Room

About This Home

As of December 2022

To be built !! Get in early and select your interiors. Single level 3 bedroom 2 bath 1565 sq/ft with attached 2 car garage. Open kitchen/ living room design. 320sq/ft Covered Patio. 10' ceiling height make the space feel even larger. SS appliance package, solid wood cabinetry, engineered wood flooring, Quartz countertops, 8' interior doors, ac, so much more. This plan may be modified for a more custom build. The rendering may be modified without further notification. Call today for more information.

Last Agent to Sell the Property

Mike Fischenich

RE/MAX Fine Properties License #SA541419000 Listed on: 09/23/2021

RE/MAX Fine Properties

Last Buyer's Agent

Michael Fischenich

RE/MAX PEAK PROPERTIES License #SA541419000

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $448

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 55.72x90.2x55.89x90.2
  • East Facing Home
  • Property is zoned R1

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Hardboard

Interior Spaces

  • 1,467 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room
  • Mountain Views
  • Laundry in Utility Room

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Car Garage
  • Garage Door Opener

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Internet Available
  • Phone Available

Additional Features

  • No Interior Steps
  • Covered Patio or Porch

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 2
  • Assessor Parcel Number 304-75-002

Home Details

Home Type

Single Family

Est. Annual Taxes

$448

Year Built

Built in 2022 | New Construction

Lot Details

0

Listing Details

  • FILLACRES: 0.12
  • Estimated Sq Ft: 1467.00
  • Estimated Sq Ft Range: 1251 - 1500
  • Assessor Parcel Number: 002
  • Total Bathrooms: 2.00
  • House Faces: E
  • Directions: South on Rim Club Dr. Turn left on Rainbow TRl lot is second on the right.
  • Fencing N A Other: YES
  • Fireplace Woodstove N A Other: YES
  • Homeowners Assoc N A Other: YES
  • Listing Member Name: Michael C. Fischenich
  • Listing Office Short Id: rm194
  • List Type: Exclusive ARS
  • Lot Street Improvem: Blacktop Street
  • Open House Office I D: 20200513234335824692000000
  • Other Rooms N A Other: YES
  • Property Sub Type: Site Built
  • Prop. Type: Residential
  • Selling Member Short Id: mf441
  • Selling Office Short Id: rm194
  • Building Style: Single Level
  • Sub Code: Sanctuary at the Rim
  • Sub Floor Type: Slab
  • Tract Suffix: Trail
  • Warranty Program: Yes
  • Year Built: 2022
  • Special Features: NewHome

Interior Features

  • Floor Covering: Carpeting, Tile, Vinyl/Plank
  • Basement Full Bathrooms: 2
  • Lower Floor 1 Bedrooms: 3
  • Dining Room: Living-Dining Combo
  • Fireplace Stove: No
  • Foreclosure: No
  • Interior Amenities: C.O. Detector, No Interior Steps, Smoke Detector
  • Kitchen Features: Dishwasher, Garbage Disposal, Gas Range, Microwave
  • Laundry: Utility Room
  • Legal Description: Section: 02 Township: 10N Range: 10E LOT 2 OF SANCTUARY AT THE RIM PLAT 814A-B;
  • Entry Location: In Payson City Limits
  • Source of Sq Ft: Blue Prints

Exterior Features

  • Exterior Construction: New Construction, Wood Frame
  • Exterior Features: Covered Patio, Patio, View of Mountains
  • Flood Zone: None
  • Horses Allowed On Property: No
  • Lot Number: 2
  • Roof: Asphalt/Comp Shingle
  • Exterior Construction: Hardboard
  • View: Yes

Garage/Parking

  • Garage Capacity: 2.00
  • Parking Features: Attached, Garage Door Opener, Garage Only, No Carport

Utilities

  • Cooling: Central
  • Heating: Forced Air
  • Utilities Available: Electricity, Internet Hook Up, Payson Water Company, Telephone
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: No

Fee Information

  • Taxes: 448.00

Lot Info

  • Assessor Parcel Number: 304-75-002
  • Lot Dimensions: 55.72x90.2x55.89x90.2
  • Zoning: R1

Tax Info

  • Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2021
Closed on
Dec 19, 2022
Sold by
Grayson Llc
Bought by
Jeffrey R Scholz And Michelle S Scholz Trust
Seller's Agent
Mike Fischenich
RE/MAX Fine Properties
Buyer's Agent
Michael Fischenich
RE/MAX PEAK PROPERTIES
List Price
$461,675
Sold Price
$498,000
Premium/Discount to List
$36,325
7.87%
Views
32
Current Estimated Value
$562,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,683
Avg. Annual Appreciation
4.43%
Original Mortgage
$398,400
Outstanding Balance
$382,903
Interest Rate
5.5%
Mortgage Type
FHA
Estimated Equity
$179,780

Purchase Details

Closed on
Dec 2, 2021
Sold by
Payson Ridge Investments Llc
Bought by
Grayson Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
3.09%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Jeffrey R Scholz And Michelle S Scholz Trust -- Pioneer Title
Grayson Llc $700,000 Pioneer Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jeffrey R Scholz And Michelle S Scholz Trust $398,400
Previous Owner Grayson Llc $630,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2022 12/20/22 Sold $498,000 +7.9% $339 / Sq Ft
04/06/2022 04/06/22 Pending -- -- --
09/23/2021 09/23/21 For Sale $461,675 -- $315 / Sq Ft
Source: Central Arizona Association of REALTORS®

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 $493 -- -- --
2024 $493 $35,649 $5,388 $30,261
2023 $493 $11,196 $7,279 $3,917
2022 $478 $9,168 $5,438 $3,730
2021 $448 $8,991 $5,438 $3,553
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Mike Fischenich

    RE/MAX Fine Properties

    Section Image

  • M

    Buyer's Agent in 2022

    Michael Fischenich

    RE/MAX PEAK PROPERTIES

See All Agents

Map

Source: Central Arizona Association of REALTORS®

MLS Number: 85579

Central Arizona Association of REALTORS®

APN: 304-75-002

Arizona Gila County Payson 85541

2003 E Rainbow Trail, Payson, AZ

This home is located at 2003 E Rainbow Trail, Payson, AZ 85541 since 23 September 2021 and is currently estimated at $562,683, approximately $383 per square foot. This property was built in 2022. 2003 E Rainbow Trail is a home located in Gila County with nearby schools including Julia Randall Elementary School, Payson Elementary School, and Rim Country Middle 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.

Central Arizona Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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