NOT LISTED FOR SALE

222 Rainbow St Merritt Island, FL 32952

Estimated Value: $831,000 - $934,000

4 Beds
3 Baths
2,803 Sq Ft
$312/Sq Ft Est. Value

Last Sold February 21, 2023

Last sale price $830,000 $296 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,543/month

59 Days on Market

Highlights

  • In Ground Pool
  • Wood Flooring
  • Screened Porch
  • Open Floorplan
  • Pool View
  • 3 Car Attached Garage

About This Home

As of February 2023

Beautiful pool home located in South Merritt Island's Tropical Paradise subdivision! This 4 Bed, 3 Bath, 3 Car Garage, 2800 square foot home has a perfect split plan design providing privacy between the main bedroom and guests. Enjoy outdoor living and entertaining within the oversized screened-in lanai and pool area. The home sits on just less than a 1/2-acre lot with mature landscaping and large fenced back yard, both irrigated via private well. This home is meticulously cared for and includes upgraded appliances, NEW ROOF (2020) and NEW AC (2022). Just 15 minutes from access to public beaches and an easy commute to either Kennedy Space Center, Patrick SFB, or Viera / Melbourne.

Last Agent to Sell the Property

Jennifer Stein

Homelister, Inc. License #3430522 Listed on: 11/19/2022

Last Buyer's Agent

Mindy Mosquera

Blue Marlin Real Estate License #3399888

Blue Marlin Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,038

Year Built

  • Built in 2003

Lot Details

  • 0.41 Acre Lot
  • South Facing Home
  • Wood Fence
  • Front and Back Yard Sprinklers

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Tile Roof
  • Concrete Siding
  • Block Exterior
  • Asphalt
  • Stucco

Interior Spaces

  • 2,803 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Family Room
  • Screened Porch
  • Pool Views
  • Attic Fan
  • Fire and Smoke Detector

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms
  • Separate Shower in Primary Bathroom
  • Spa Bath

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Sink Near Laundry

Pool

  • In Ground Pool
  • Screen Enclosure

Outdoor Features

  • Patio

Schools

  • Tropical Elementary School
  • Jefferson Middle School
  • Merritt Island High School

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Gas Water Heater
  • Septic Tank

Community Details

  • Tropical Paradise Subdivision
  • Maintained Community

Listing and Financial Details

  • Assessor Parcel Number 25-37-30-28-0000a.0-0002.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,038

Year Built

Built in 2003

Lot Details

0

HOA Fees

$42 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Year Built: 2003
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Sink
  • ResoLotFeatures: Sprinklers In Front, Sprinklers In Rear
  • Road Surface Type: Asphalt
  • Reso View: Pool
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Association Amenities: Maintenance Grounds, Management - Full Time
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: Tropical Paradise Subdivision
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 25-37-30-28-0000a.0-0002.00
  • Location Tax and Legal Elementary School: Tropical
  • Location Tax and Legal Middle School2: Jefferson
  • Location Tax and Legal High School: Merritt Island
  • Location Tax and Legal Tax Annual Amount: 6038.0
  • Location Tax and Legal Tax Year2: 2021
  • General Property Information Living Area2: 2803.0
  • General Property Information Building Area Total3: 4300.0
  • General Property Information Lot Size Acres: 0.41
  • General Property Information Lot Size Square Feet2: 17860.0
  • General Property Information New Construction YN: No
  • General Property Information Waterfront YN: No
  • General Property Information Senior Community YN: No
  • General Property Information Direction Faces: South
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Cooling Central Air: Yes
  • Fencing Fenced2: Yes
  • Fencing Wood2: Yes
  • Flooring Tile: Yes
  • Interior Features Primary Bathroom - Tub with Shower: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Flooring Wood: Yes
  • Levels One: Yes
  • Pool Features In Ground: Yes
  • Pool Features Private: Yes
  • Association Amenities Maintenance Grounds2: Yes
  • Road Surface Type Asphalt: Yes
  • Security Features Smoke Detector(s): Yes
  • Utilities Electricity Connected: Yes
  • View Pool: Yes
  • Laundry Features Sink: Yes
  • Water Source Well: Yes
  • Water Source Public: Yes
  • Interior Features Primary Bathroom -Tub with Separate Shower: Yes
  • Roof:Tile2: Yes
  • General Property Information Carport YN2: No
  • Utilities Water Available: Yes
  • Pets Allowed Call: Yes
  • Pool Features Screen Enclosure: Yes
  • Room Types Family Room: Yes
  • Room Types Laundry: Yes
  • Utilities Natural Gas Connected: Yes
  • Cooling Attic Fan: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Kitchen Island, Open Floorplan, Primary Bathroom - Tub with Shower, Primary Bathroom -Tub with Separate Shower, Split Bedrooms, Walk-In Closet(s)
  • Flooring: Tile, Wood
  • Spa Features: Bath
  • Appliances: Dishwasher, Disposal, Dryer, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Gas Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:Split Bedrooms: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Spa Features:Bath: Yes
  • Appliances:Gas Water Heater: Yes

Exterior Features

  • Pool Features: In Ground, Private, Screen Enclosure, Other
  • Roof: Tile
  • Fencing: Fenced, Wood
  • Acres: 0.41
  • Waterfront: No
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South
  • Patio And Porch Features: Patio, Porch, Screened
  • Construction Materials:Block2: Yes
  • Construction Materials:Concrete4: Yes
  • Construction Materials:Stucco: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Screened: Yes
  • Lot Features:Sprinklers in Front: Yes
  • Lot Features:Sprinklers In Rear: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Attached, Garage Door Opener
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 3.0
  • Parking Features:Attached: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Attic Fan, Central Air
  • Utilities: Electricity Connected, Natural Gas Connected, Water Available
  • Heating: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public, Well
  • Sewer Septic Tank: Yes
  • Heating:Heat Pump: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 500.0
  • Association Fee Frequency: Annually
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 500.0
  • General Property Information:Association Fee Frequency: Annually

Schools

  • Middle Or Junior School: Jefferson

Lot Info

  • Lot Size Sq Ft: 17860.0
  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 2532889
  • Parcel #: 25-37-30-28-0000a.0-0002.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 6038.0

MLS Schools

  • Elementary School: Tropical
  • High School: Merritt Island

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2022
Closed on
Feb 21, 2023
Sold by
Thews James P
Bought by
Bickley Robert Leon and Orban Bonita Marie
Seller's Agent
Jennifer Stein
Homelister, Inc.
Buyer's Agent
Mindy Mosquera
Blue Marlin Real Estate
List Price
$880,000
Sold Price
$830,000
Premium/Discount to List
-$50,000
-5.68%
Views
44
Current Estimated Value
$911,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,561
Avg. Annual Appreciation
1.63%
Original Mortgage
$450,000
Outstanding Balance
$438,796
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$425,072

Purchase Details

Listed on
Nov 3, 2014
Closed on
Jan 23, 2015
Sold by
Kruse Richard J and Kruse Louise
Bought by
Thews James P
Seller's Agent
Chuck Bennett
Daignault Realty Inc
Buyer's Agent
Christine Daignault-Taylor
Daignault Realty Inc
List Price
$519,900
Sold Price
$500,000
Premium/Discount to List
-$19,900
-3.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.44%
Original Mortgage
$380,000
Interest Rate
4.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2011
Sold by
Kruse Richard J and Kruse Louise
Bought by
Kruse Richard J and Kruse Louise

Purchase Details

Closed on
Jan 15, 2010
Sold by
Walter John and Walter Rosemary
Bought by
Kruse Richard J and Kruse Louise

Purchase Details

Closed on
Dec 10, 2003
Sold by
J D H Construction Inc
Bought by
Walter John and Walter Rosemary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
5.97%

Purchase Details

Closed on
Mar 14, 2003
Sold by
Charles Boyd Const Inc
Bought by
J D H Const Inc
Source: Public Records

Range of Values:

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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
Bickley Robert Leon $830,000 Fidelity National Title
Thews James P $500,000 --
Kruse Richard J -- Attorney
Kruse Richard J $427,000 Attorney
Walter John $485,000 --
J D H Const Inc $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bickley Robert Leon $450,000
Previous Owner Thews James P $380,000
Previous Owner Walter John $50,000
Previous Owner Walter John $388,000
Previous Owner J D H Construction Inc $285,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2023 02/21/23 Sold $830,000 -2.4% $296 / Sq Ft
01/17/2023 01/17/23 Pending -- -- --
12/15/2022 12/15/22 Price Changed $850,000 -3.4% $303 / Sq Ft
11/19/2022 11/19/22 For Sale $880,000 +76.0% $314 / Sq Ft
01/09/2015 01/09/15 Sold $500,000 -3.8% $178 / Sq Ft
11/28/2014 11/28/14 Pending -- -- --
11/03/2014 11/03/14 For Sale $519,900 -- $185 / Sq Ft
Source: Space Coast MLS (Space Coast 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
2023 $6,120 $472,140 $0 $0
2022 $5,730 $458,390 $0 $0
2021 $6,037 $445,040 $0 $0
2020 $5,993 $438,900 $0 $0
2019 $5,970 $429,040 $0 $0
2018 $6,005 $421,050 $0 $0
2017 $6,096 $412,390 $0 $0
2016 $6,228 $403,910 $55,000 $348,910
2015 $6,568 $370,250 $50,000 $320,250
2014 $4,660 $287,390 $50,000 $237,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 950912

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 25-37-30-28-0000A.0-0002.00