NOT LISTED FOR SALE

240 Rainbow Rd Emigrant Gap, CA 95715

Estimated Value: $363,000 - $483,206

2 Beds
2 Baths
1,008 Sq Ft
$421/Sq Ft Est. Value

Last Sold October 17, 2023

Last sale price $475,000 $471 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $2,648/month

21 Days on Market

Highlights

  • Panoramic View
  • Gated Community
  • Contemporary Architecture
  • Donner Trail Elementary School Rated A
  • Wood Burning Stove
  • Wood Flooring

About This Home

As of October 2023

Discover the magic of this unique and custom owner built cabin located behind the iconic Rainbow Lodge, with panoramic views of the Yuba River and stunning granite landscape. Situated beautifully on a granite hillside, in this wonderfully tight-knit Rainbow community. Easy access to a large swimming hole and endless trails. Enjoy the perfectly clear and deliciously tasty Rainbow Spring water. This 2 bedroom, 2 bath cabin with expansive ceilings, is light and bright. Beautiful wood flooring in the kitchen, dining, living room, and spiral staircase. Linoleum is in pristine condition. The roof has been replaced this year, and the septic was installed in 2016. Detached 2 car garage and a snowmobile shed. There hasn’t been a cabin on the market in this spot in a very long time.

Last Agent to Sell the Property

Krista Voosen

Serene Lakes Realty License #01280368 Listed on: 09/02/2023

Last Buyer's Agent

0 NON-MEMBER

NON Member

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1977

Lot Details

  • 0.64 Acre Lot
  • Property is zoned R1

Parking

  • 2 Car Detached Garage

Property Views

  • Panoramic
  • Mountain

Home Design

  • Contemporary Architecture
  • Pillar, Post or Pier Foundation
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,008 Sq Ft Home
  • 3-Story Property
  • Furniture Can Be Negotiated
  • Wood Burning Stove

Kitchen

  • Range
  • Microwave

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Baseboard Heating
  • Heating System Mounted To A Wall or Window
  • Septic System

Additional Features

  • Green Energy Fireplace or Wood Stove
  • Multiple Outdoor Decks

Community Details

Overview

  • Surroundingarea Community
  • Greenbelt

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 1977

Lot Details

0.64 Acres

Listing Details

  • Age: 40+ Years
  • Estimated Lot Size: .51 - .755
  • Community: SurroundingArea
  • Directions: I80W, exit Rainbow Rd, turn Left under freeway, R on Hampshire Rocks Road, L on Rainbow Rd, PIQ on L
  • Number of Acres: 0.64
  • Service Type: Full Service
  • Setting: Greenbelt
  • SPCDISC: No Roads Plowed
  • Sub-Area: 11G
  • Sub-Status: Standard
  • Topography: Varies
  • Year Built: 1977
  • Zoning: R1
  • Cross Street: HampshireRocks
  • Other: High Ceilings
  • Sewer: Septic
  • Estimated Sq Ft: ASSESSOR
  • Architecture: Contemporary
  • Gated: To Subdivision
  • Out Buildings: Yes, See Remarks
  • Sign YN: Y
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Heating: Electric, Wall Unit, Baseboard, Wood Stove
  • Estimated Sq Ft: 1008
  • Stories: Three
  • Water Company: Rainbow
  • Gas: Other
  • Water: Shared Well
  • Appliances: Range, Microwave, Refrigerator
  • Furnished: Negotiable
  • Bathrooms: 2
  • Bedrooms: 2
  • Wood Stove: Living Room, Freestanding
  • Floor Coverings: Carpet, Wood, Vinyl

Exterior Features

  • View: Panoramic, Mountain, River/Creek
  • Construction Exterior: Framed, Wooded
  • Foundation: Pier
  • Roof: Metal
  • Decks: 2
  • Construction Phase: FINISHED

Garage/Parking

  • Garage: Two
  • Garage/Parking: Detached

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2023
Closed on
Oct 6, 2023
Sold by
Larry L And Billie Sue Lewis Trust
Bought by
Geissler Living Trust and Geissler
Seller's Agent
Krista Voosen
Serene Lakes Realty
Buyer's Agent
0 NON-MEMBER
NON Member
List Price
$535,000
Sold Price
$475,000
Premium/Discount to List
-$60,000
-11.21%
Views
21
Current Estimated Value
$424,302

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$50,698
Avg. Annual Appreciation
-4.67%
Original Mortgage
$332,500
Outstanding Balance
$326,035
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$98,267

Purchase Details

Closed on
Nov 17, 2006
Sold by
Lewis Larry Lee and Lewis Billie Sue
Bought by
Lewis Larry L and Lewis Billie Sue
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Geissler Living Trust $475,000 Fidelity National Title
Lewis Larry L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Geissler Living Trust $332,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2023 10/17/23 Sold $475,000 +5.6% $471 / Sq Ft
09/23/2023 09/23/23 Pending -- -- --
09/15/2023 09/15/23 Price Changed $450,000 -15.9% $446 / Sq Ft
09/02/2023 09/02/23 For Sale $535,000 -- $531 / Sq Ft
Source: Tahoe Sierra Board of REALTORS®

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 $5,617 $484,500 $61,200 $423,300
2023 $5,617 $116,557 $21,279 $95,278
2022 $1,678 $114,272 $20,862 $93,410
2021 $1,438 $112,032 $20,453 $91,579
2020 $1,449 $110,884 $20,244 $90,640
2019 $1,452 $108,711 $19,848 $88,863
2018 $1,404 $106,580 $19,459 $87,121
2017 $1,380 $104,491 $19,078 $85,413
2016 $1,368 $102,443 $18,704 $83,739
2015 $1,335 $100,906 $18,424 $82,482
2014 $1,281 $98,931 $18,064 $80,867
Source: Public Records

Agents Affiliated with this Home

  • Krista Voosen

    Seller's Agent in 2023

    Krista Voosen

    Serene Lakes Realty

    (530) 305-3888

    168 Total Sales

    Krista Voosen
    Section Image

  • 0

    Buyer's Agent in 2023

    0 NON-MEMBER

    NON Member

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Map

Source: Tahoe Sierra Board of REALTORS®

MLS Number: 20231685

Tahoe Sierra Board of REALTORS®

APN: 066-120-012

California Placer County Emigrant Gap 95715

240 Rainbow Rd, Emigrant Gap, CA

Not Listed for Sale

Detached

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