NOT LISTED FOR SALE

265 Rainbow Dr Sheldon, IA 51201

Estimated Value: $438,000 - $555,000

6 Beds
4 Baths
4,327 Sq Ft
$117/Sq Ft Est. Value

Last Sold June 15, 2022

Last sale price $460,000 $106 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,451/month

431 Days on Market

Highlights

  • Ranch Style House
  • 2 Fireplaces
  • Living Room
  • East Elementary School Rated A
  • 3 Car Attached Garage
  • Central Air

About This Home

As of June 2022

Dream Big! This home is just that in so many ways! This sprawling property is over an acre, includes mature trees and great landscaping, and is located in town! What a great lawn and lot with a view of the country. The massive garage with bonus room will house just about any toys you may have and the storage throughout the home is very impressive as well. From the large kitchen with a huge pantry, great counter and cupboard space to the expansive living spaces, bedrooms, bathrooms with linen storage galore, storage, closets and even a tornado safer area; this home has it all. You have rooms that could be an office, den or hobby room, rooms for guests and room for pets. The HVAC system is Geo Thermal and energy efficient, the garage and basement floors are heated and there are two fireplaces. The pictures and this description are far from doing this home justice, homes like these just don’t come around that often!

Last Agent to Sell the Property

Corey Elgersma

ISB Services Inc Listed on: 04/10/2021

Last Buyer's Agent

Corey Elgersma

ISB Services Inc Listed on: 04/10/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,788

Year Built

  • Built in 1997

Lot Details

  • 0.29 Acre Lot

Parking

  • 3 Car Attached Garage
  • Driveway

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2 Fireplaces
  • Gas Fireplace
  • Living Room
  • Laundry on main level

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Partially Finished Basement

  • Bedroom in Basement
  • Laundry in Basement

Utilities

  • Central Air
  • Heat Pump System
  • Hot Water Heating System
  • Water Softener

Listing and Financial Details

  • Assessor Parcel Number 0049175800

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,788

Year Built

Built in 1997

Lot Details

0

Parking

3

Listing Details

  • Property Class: Residential
  • Type: Residential
  • Style: Ranch
  • Legal Description: NEW HORIZON THIRD ADD LOT 7 BLOCK 1
  • Year Built: 1997
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Fuel: Gas
  • Fireplaces: 2
  • Total Bedrooms: 6
  • Total Bathrooms: 4
  • Basement: Partially Finished
  • Basement Rooms: 3/4 Bath, Bedroom, Laundry
  • Main Level Rooms: Bedroom, Full Bath, Kitchen, Laundry, Living
  • Total Sq Ft: 4327
  • Main Level Sq Ft: 2477
  • Sq Ft Above Grade: 2477
  • Sq Ft Below Grade Finishe: 1850
  • Sq Ft Below Grade Total: 2477
  • Sq Ft Below Grade Unfinis: 627
  • Price Per Sq Ft: 185.71

Exterior Features

  • Exterior: Brick, Vinyl
  • Roof: Shingle

Garage/Parking

  • Garage Type: Attached
  • Driveway: Concrete
  • Garage Spaces: 3
  • Sq Ft Garage: 1604

Utilities

  • Air Conditioning Type: Central
  • Fuel Type: Electric
  • Heat Type: Heat Pump, Hot Water
  • Sewer Type: City
  • Water Softener: Included
  • Water Type: City

Schools

  • Elementary School: Sheldon
  • Middle School: Sheldon
  • High School: Sheldon

Lot Info

  • Acres: 0.29
  • Parcel Number: 0049175800

Tax Info

  • Gross Taxes: 6788

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2021
Closed on
Jun 7, 2022
Sold by
Donald E Roetman Revocable Trust
Bought by
Boone Kenneth E and Boone Linda
Seller's Agent
Corey Elgersma
ISB Services Inc
Buyer's Agent
Corey Elgersma
ISB Services Inc
List Price
$489,900
Sold Price
$460,000
Premium/Discount to List
-$29,900
-6.1%
Current Estimated Value
$508,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,309
Avg. Annual Appreciation
3.18%
Original Mortgage
$160,000
Outstanding Balance
$153,112
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$355,197

Purchase Details

Closed on
May 27, 2007
Sold by
Ruckelshausen Robert A
Bought by
Roetman Donald E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.27%
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
Boone Kenneth E $460,000 None Listed On Document
Roetman Donald E $182,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boone Kenneth E $160,000
Previous Owner Roetman Donald E $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2022 06/15/22 Sold $460,000 -6.1% $106 / Sq Ft
04/10/2021 04/10/21 For Sale $489,900 -- $113 / Sq Ft
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
2024 $8,168 $506,240 $29,880 $476,360
2023 $8,168 $506,240 $29,880 $476,360
2022 $7,436 $421,110 $14,130 $406,980
2021 $7,436 $421,110 $14,130 $406,980
2020 $6,788 $381,780 $13,040 $368,740
2019 $6,700 $367,260 $0 $0
2018 $6,276 $367,260 $0 $0
2017 $6,276 $347,110 $0 $0
2016 $6,656 $347,110 $0 $0
2015 $6,656 $335,510 $0 $0
2014 $6,462 $335,510 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Iowa Regional Board of REALTORS®

MLS Number: 812702

Northwest Iowa Regional Board of REALTORS®

APN: 0000491758