NOT LISTED FOR SALE

218 Rainbow Dr Lookout Mountain, GA 30750

Estimated Value: $506,000 - $604,000

3 Beds
2.5 Baths
2,223 Sq Ft
$253/Sq Ft Est. Value

Last Sold May 10, 2022

Last sale price $485,000 $218 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,524/month

5 Days on Market

Highlights

  • Deck
  • 1 Fireplace
  • No HOA
  • Fairyland Elementary School Rated A-
  • Separate Formal Living Room
  • Porch

About This Home

As of May 2022

Welcome to the Fairyland community on Lookout Mountain. Nestled next to golf course, this charming home on 1.69 acres of land is a wonderful place for entertaining or relaxing. From the cover front porch, walk into the first living space that boasts a stone fireplace with gas logs and custom built-ins. Another den or dining space connects to the kitchen that features a large window overlooking the spacious back deck, stainless steel appliances and hardwood flooring. Walk into a separate dining/sunroom that overlooks the beautiful, rocky yard. This space also connects to a formal living room, with a walkway to the front entry. A half bath is found in the hallway leading to the bedrooms. The primary bedroom features an en-suite bathroom that has extensive closet space, a double vanity, shower, and a convenient laundry room! Two additional bedrooms with a jack-and-jill bathroom are also found in this home. With an additional lot included in the sale, this home is a unique find full of possibilities to make this home your own. Convenient to Lookout Mountain amenities and downtown Chattanooga!

Last Agent to Sell the Property

Katherine Smith

Greater Downtown Realty dba Keller Williams Realty Brokerage Phone: 4236054181 License #279522,294185 Listed on: 03/23/2022

Greater Downtown Realty dba Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,088

Year Built

  • Built in 1983

Lot Details

  • 1.69 Acre Lot
  • Lot Dimensions are 150x275

Home Design

  • Brick Exterior Construction
  • Stone Siding

Interior Spaces

  • 2,223 Sq Ft Home
  • Property has 3 Levels
  • 1 Fireplace
  • Separate Formal Living Room
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Deck
  • Patio
  • Porch

Schools

  • Fairyland Elementary School
  • Chattanooga Valley Middle School
  • Ridgeland High School

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Fairyland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 4017 024

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,088

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1983
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: 4236054181
  • Special Features: None
  • Stories: 1

Interior Features

  • Interior Amenities: Open Floorplan, Primary Bedroom Main Floor
  • Appliances: Refrigerator
  • Fireplace: Yes
  • Fireplaces: 1
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Has Basement: Crawl Space
  • Building Area Units: Square Feet
  • Living Area: 2223
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Stone, Other, Brick
  • Patio And Porch Features: Deck, Patio, Porch
  • Pool Private: No
  • Roof: Other
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Detached

Utilities

  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric, Natural Gas
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Acres: 1.69
  • Lot Size: 150X275
  • Lot Size Units: Acres
  • Parcel #: 4017 024
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 4088

MLS Schools

  • Elementary School: Fairyland Elementary School
  • High School: Ridgeland High School
  • Middle Or Junior School: Chattanooga Valley Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2022
Sold by
Curry Scott
Bought by
218 Rainbow Llc
Current Estimated Value
$561,724

Purchase Details

Listed on
Mar 23, 2022
Closed on
May 10, 2022
Sold by
Brady Virginia R Raulston
Bought by
Curry Scott
Seller's Agent
Katherine Smith
Greater Downtown Realty dba Keller Williams Realty
List Price
$485,000
Sold Price
$485,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.02%
Original Mortgage
$363,750
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 1999
Sold by
Raulston Virginia
Bought by
Brady Virginia R Raulston

Purchase Details

Closed on
Jul 6, 1987
Sold by
Dean Lowrance R and Dean Patricia
Bought by
Raulston Virginia

Purchase Details

Closed on
Jan 1, 1972
Bought by
Dean Lowrance R and Dean Patricia
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
218 Rainbow Llc -- --
Curry Scott $485,000 --
Brady Virginia R Raulston -- --
Raulston Virginia $88,000 --
Dean Lowrance R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Curry Scott $363,750
Previous Owner Brady Virginia R Raulston $22,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2022 05/10/22 Sold $485,000 0.0% $218 / Sq Ft
03/28/2022 03/28/22 Pending -- -- --
03/23/2022 03/23/22 For Sale $485,000 -- $218 / Sq Ft
Source: Realtracs

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 $5,054 $162,049 $44,440 $117,609
2023 $5,079 $168,613 $47,993 $120,620
2022 $4,254 $123,926 $33,670 $90,256
2021 $4,088 $106,546 $33,670 $72,876
2020 $1,290 $90,020 $33,670 $56,350
2019 $3,622 $90,020 $33,670 $56,350
2018 $2,678 $90,020 $33,670 $56,350
2017 $814 $90,020 $33,670 $56,350
2016 $499 $90,020 $33,670 $56,350
2015 $2,146 $74,153 $20,248 $53,905
2014 $2,066 $74,153 $20,248 $53,905
2013 -- $74,153 $20,248 $53,905
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2384508

Realtracs

APN: 4017-024