NOT LISTED FOR SALE

225 Rainbow Dr Sheldon, IA 51201

Estimated Value: $334,300 - $395,000

5 Beds
3 Baths
3,000 Sq Ft
$124/Sq Ft Est. Value

Last Sold March 19, 2021

Last sale price $260,000 $87 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $2,368/month

Highlights

  • Main Floor Primary Bedroom
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System
  • East Elementary School Rated A
  • Living Room
  • Dining Room

About This Home

As of March 2021

This home is located at 225 Rainbow Dr, Sheldon, IA 51201 since 28 January 2021 and is currently estimated at $371,325, approximately $123 per square foot. This property was built in 1996. 225 Rainbow Dr is a home located in O'Brien County with nearby schools including East Elementary School, Sheldon Middle School, and Sheldon High School.

Last Agent to Sell the Property

Corey Elgersma

ISB Services Inc Listed on: 01/28/2021

Last Buyer's Agent

Corey Elgersma

ISB Services Inc Listed on: 01/28/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,334

Year Built

  • Built in 1996

Lot Details

  • 0.32

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Shingle Roof
  • Stucco Exterior

Interior Spaces

  • 1.5-Story Property
  • Living Room
  • Dining Room
  • Laundry on main level

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • 3 Bathrooms

Finished Basement

  • Kitchen in Basement
  • Bedroom in Basement
  • Finished Basement Bathroom

Additional Features

  • 0.32 Acre Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 0049175300

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,334

Year Built

Built in 1996

Lot Details

0

Parking

2

Listing Details

  • Property Class: Residential
  • Type: Residential
  • Style: 1 1/2 Story
  • Legal Description: NEW HORIZON THIRD ADD LOT 3 BLK 1
  • Year Built: 1996
  • 13: Name: Full Bath, On Level: Basement
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3
  • Basement: Finished
  • Basement Rooms: Bedroom, Family, Full Bath, Kitchen
  • Main Level Rooms: Bedroom, Dining, Full Bath, Kitchen, Laundry, Living, Master
  • Total Sq Ft: 3000
  • Main Level Sq Ft: 1608
  • Sq Ft Above Grade: 1608
  • Sq Ft Below Grade Finishe: 1392

Exterior Features

  • Exterior: Stucco
  • Roof: Shingle

Garage/Parking

  • Garage Type: Attached
  • Driveway: Concrete
  • Garage Spaces: 2

Utilities

  • Air Conditioning Type: Central
  • Fuel Type: Electric
  • Heat Type: Forced Air
  • Sewer Type: City
  • Utilities: 111
  • Water Type: City

Lot Info

  • Acres: 0.32
  • Parcel Number: 0049175300
  • Zoning: R

Tax Info

  • Gross Taxes: 3334

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2021
Closed on
Mar 11, 2021
Sold by
Vollink Cheryle A
Bought by
Petersen Penny L
Seller's Agent
Corey Elgersma
ISB Services Inc
Buyer's Agent
Corey Elgersma
ISB Services Inc
List Price
$282,500
Sold Price
$260,000
Premium/Discount to List
-$22,500
-7.96%
Current Estimated Value
$371,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,325
Avg. Annual Appreciation
7.76%
Original Mortgage
$100,000
Outstanding Balance
$73,364
Interest Rate
2.19%
Mortgage Type
New Conventional
Estimated Equity
$297,961
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Petersen Penny L $260,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Petersen Penny L $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2021 03/19/21 Sold $260,000 -8.0% $87 / Sq Ft
01/28/2021 01/28/21 For Sale $282,500 -- $94 / Sq Ft
01/25/2021 01/25/21 Pending -- -- --
Source: Northwest Iowa Regional Board 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 $5,006 $356,890 $25,080 $331,810
2024 $5,006 $314,100 $25,080 $289,020
2023 $4,898 $314,100 $25,080 $289,020
2022 $4,522 $265,050 $11,860 $253,190
2021 $4,522 $265,050 $11,860 $253,190
2020 $3,444 $198,010 $10,950 $187,060
2019 $3,422 $191,760 $0 $0
2018 $3,204 $191,760 $0 $0
2017 $3,204 $186,970 $0 $0
2016 $3,506 $186,970 $0 $0
2015 $3,506 $172,450 $0 $0
2014 $3,238 $172,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Corey Elgersma

    Seller's Agent in 2021

    Corey Elgersma

    ISB Services Inc

    (712) 348-1770

    190 in this area

    283 Total Sales

    Corey Elgersma
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Map

Source: Northwest Iowa Regional Board of REALTORS®

MLS Number: 811950

Northwest Iowa Regional Board of REALTORS®

APN: 0000491753

Iowa Obrien County Sheldon 51201

225 Rainbow Dr, Sheldon, IA

Not Listed for Sale

Detached

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Northwest Iowa Regional Board of REALTORS® Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.

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