NOT LISTED FOR SALE

2290 Rainbow Lake Rd Inman, SC 29349

Estimated Value: $461,000 - $1,388,327

4 Beds
2 Baths
2,599 Sq Ft
$325/Sq Ft Est. Value

Last Sold June 24, 2019

Last sale price $800,000 $308 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,483/month

Highlights

  • Waterfront
  • 72 Acre Lot
  • Ranch Style House
  • New Prospect Elementary School Rated A-
  • Lake Property
  • Wood Flooring

About This Home

As of June 2019

72 Acre Waterfront Estate Home Parcel or Development Site Amazing property with 72 Acres on the South Pacolet River with over 3,000 feet of water Frontage just below Lake Bowen. Great opportunity for a developer to create Estate size Waterfront Lot Subdivision with great water views and very close to booming Boiling Springs, SC. Property has very nice Topo. Part of the property has been cleared but there still is probably 1/2 in Timber that could be harvested for income. This property is located across from Timberlake subdivision and properties in that subdivision typically don't stay on the market long when offered for sale. Public water is to the site. Keep this amazing property as a whole for an estate size Farm, with this mid century architecturally inspired 4 bedroom home (2,400 square feet) that just needs you personal touch to update it. According to a recent appraisal land comps on the river have sold for around $15,100 per acre. Another land comp close by that was NOT on the water for over $12,187 per acre. Spartanburg County, SC Parcel ID: 1-23-00-038.00 Turkey and Deer are plentiful on the property. The house with just 8 Acres just appraised for $300,000 recently. 64 Acres times $15,000 per acre equals $960,000 in value. That would be a possible value of $1,260,000 PRICE for this whole 72 Acre Estate Parcel and Home SOLD as IS- $899,000

Last Agent to Sell the Property

Shawn Thomas

New City Development & Realty License #44461 Listed on: 05/13/2019

Last Buyer's Agent

NON MLS MEMBER

Non MLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,775

Lot Details

  • 72 Acre Lot
  • Waterfront
  • Gentle Sloping Lot
  • Few Trees

Home Design

  • Ranch Style House
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,465 Sq Ft Home
  • 2,400-2,599 Sq Ft Home
  • Ceiling height of 9 feet or more
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Living Room
  • Breakfast Room
  • Dining Room
  • Water Views
  • Unfinished Basement
  • Walk-Out Basement

Kitchen

  • Electric Oven
  • Free-Standing Electric Range

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry on main level

Parking

  • 2 Car Garage
  • Attached Carport

Outdoor Features

  • Lake Property
  • Patio
  • Wrap Around Porch

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,775

Lot Details

0

Listing Details

  • Lot Description: Lake, Sloped Gently, Some Trees, Water Front, Water View
  • Total Sq Ft: 2882
  • Total Finished Sq Ft: 2465
  • 4: Y, Size: 12x13
  • Estimated Age: 31-50
  • Estimated Number of Acres: 72
  • Below Grade Finished Sq Ft: 417
  • Bonus/Recreation Room: N
  • Class: Residential
  • Garage Spaces: 2
  • Hoa Community Amenities: Water Access
  • Lake Property: Yes
  • Lake Prop Features: Water Front Lot
  • Leadbased Paint Disc Req: Yes
  • Lot Size Acreage: 50 - 100 Acres
  • Lvt Date: 05/14/2019
  • Number of Main Level Full Bathrooms: 2
  • Number Of Bedrooms: 4
  • Number Of Bedrooms Main Level: 4
  • Full Bathrooms: 2
  • Number Of Rooms Below Grade: 1
  • Parking Garage: Carport 2 Cars
  • Second Living Quarters: Main Level
  • Sold Price Sq Ft: 324.54
  • Street Designation: Road
  • Style: Ranch
  • Tax Rate4percent6percent: 4
  • Total Finished Heated Sq Ft: 2400-2599
  • Type: Single Family-Detached
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Oven-Electric, Stand Alone Rng-Smooth Tp
  • Basement: Unfinished, Walkout
  • Floors: Ceramic Tile, Hardwood
  • Interior Amenities: Ceiling 9ft+
  • Master Bed Features: Full Bath, Master On Main Lvl, Tub/Shower
  • Master Bedroom: Y, Size: 13x15
  • Sun Room: N
  • Bedroom 2: Y, Size: 12x13
  • Bedroom 3: Y, Size: 13x13
  • Breakfast Room: Y, Size: 8x8
  • Den: N
  • Dining Room: Y, Size: 13x11
  • Fireplace: Masonry, Wood Burning Fireplace
  • Great Room: N
  • Kitchen: Y, Size: 13x7
  • Laundry Room: Y, Size: 7x7
  • Living Room: Y, Size: 14x25
  • Number Of Fireplaces: 2
  • Number Of Stories: 1+Basement
  • Price Per Sq Ft: 324.54
  • Unfinished Sq Ft: 417

Exterior Features

  • Driveway: Paved
  • Exterior Features: Patio, Porch-Other, Porch-Wrap Around
  • Exterior Finish: Wood
  • Foundation: Slab
  • Roof: Composition Shingle
  • Patio: Y, Size: 20x16

Garage/Parking

  • Parking Type: Attached Carport

Utilities

  • Sewer: Septic
  • Water: Public
  • Water Heater: Electric
  • Cooling System: Central Forced, Electric
  • Heating System: Electric, Forced Air
  • Laundry: 1st Floor

Schools

  • Elementary School: Boilings Spring
  • Middle School: Rainbow Lake
  • High School: Boiling Springs

Tax Info

  • Tax Year: 2018
  • Total Taxes: 2775.29

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2019
Closed on
Jun 18, 2019
Sold by
Greenville Homes Sc Llc
Bought by
Commissionetrs Of Public Works For City
Seller's Agent
Shawn Thomas
New City Development & Realty
Buyer's Agent
NON MLS MEMBER
Non MLS
List Price
$899,000
Sold Price
$800,000
Premium/Discount to List
-$99,000
-11.01%
Current Estimated Value
$844,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,442
Avg. Annual Appreciation
0.86%
Original Mortgage
$450,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 13, 2019
Closed on
May 10, 2019
Sold by
Elizabeth Lee Huey Revocable Trust
Bought by
Greenville Homes Sc Llc
Seller's Agent
Shawn Thomas
New City Development & Realty
Buyer's Agent
NON MLS MEMBER
Non MLS
List Price
$899,000
Sold Price
$800,000
Premium/Discount to List
-$99,000
-11.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 11, 2018
Sold by
Mccown Huey Elizabeth Lee H and Mccown Huey Elizabeth Lee
Bought by
Huey Elizabeth Lee and Elizabeth Lee Huey Revocable Trust

Purchase Details

Closed on
Jun 28, 2016
Sold by
Mccown Husey Elizabeth Lee
Bought by
Mccown Mccown Huey Elizabeth Lee Huey Elizabeth Lee and Mccown Fleming Virginia

Purchase Details

Closed on
Aug 13, 2010
Sold by
Mccown Virginia M and Mccown Virginia Mcmillin
Bought by
Huey Elizabeth Lee Mccown and The Virginia M Mccown Revocable Trust
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
Commissionetrs Of Public Works For City $800,000 None Available
Greenville Homes Sc Llc $575,000 None Available
Huey Elizabeth Lee -- None Available
Mccown Mccown Huey Elizabeth Lee Huey Elizabeth Lee -- None Available
Huey Elizabeth Lee Mccown -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Greenville Homes Sc Llc $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2019 06/24/19 Sold $800,000 -10.0% $333 / Sq Ft
05/28/2019 05/28/19 Price Changed $889,000 -1.1% $370 / Sq Ft
05/13/2019 05/13/19 For Sale $899,000 +56.3% $375 / Sq Ft
05/10/2019 05/10/19 Sold $575,000 0.0% $261 / Sq Ft
02/04/2019 02/04/19 For Sale $575,000 -- $261 / Sq Ft
Source: Greater Greenville 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 $74 -- -- --
2024 $74 -- -- --
2023 $74 $0 $0 $0
2022 $64 $0 $0 $0
2021 $64 $0 $0 $0
2020 $57 $0 $0 $0
2019 $57 $0 $0 $0
2018 $2,775 $7,736 $613 $7,123
2017 $2,447 $6,757 $589 $6,168
2016 $877 $4,985 $930 $4,055
2015 $561 $4,987 $928 $4,059
2014 $555 $4,987 $928 $4,059
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Shawn Thomas

    New City Development & Realty

    Section Image
  • Bo Cable

    Seller's Agent in 2019

    Bo Cable

    REAL GVL/REAL BROKER, LLC

    (864) 230-6931

    84 Total Sales

    Bo Cable
    Section Image

  • N

    Buyer's Agent in 2019

    NON MLS MEMBER

    Non MLS

See All Agents

Map

Source: Greater Greenville Association of REALTORS®

MLS Number: 1392177

Greater Greenville Association of REALTORS®

APN: 2-23-00-019.00

South Carolina Spartanburg County Inman 29349

2290 Rainbow Lake Rd, Inman, SC

This home is located at 2290 Rainbow Lake Rd, Inman, SC 29349 since 13 May 2019 and is currently estimated at $844,442, approximately $324 per square foot. 2290 Rainbow Lake Rd is a home located in Spartanburg County with nearby schools including New Prospect Elementary School, T.E. Mabry Middle School, and Chapman High 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.

Greater Greenville 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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