NOT LISTED FOR SALE

2942 Rainbow Ln Banning, CA 92220

Estimated Value: $336,000 - $395,000

3 Beds
2 Baths
1,289 Sq Ft
$285/Sq Ft Est. Value

Last Sold March 04, 2019

Last sale price $240,000 $186 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,346/month

66 Days on Market

Highlights

  • Spa
  • Gated Community
  • Mountain View
  • Active Adult
  • Open Floorplan
  • Property is near public transit

About This Home

As of March 2019

BEAUTIFUL SERRANO DEL VISTA HOME IN 55+ GATED COMMUNITY. HOME FEATURES 3 BDRM, 2 FULL BA @ 1289 SF. LIVING ROOM ENTRY WITH SEPARATE DINING IN KITCHEN. WHITE TILE COUNTER TOPS WITH PLENTY OF CUPBOARDS. BUILT-IN DISHWASHER (VERY RARELY USED) AND MICROWAVE. GAS FIREPLACE LOCATED IN LIVING ROOM (STILL BRAND NEW - NEVER USED). CARPETED FLOORING THROUGHOUT WITH LINOLEUM FLOORS IN KITCHEN/DINING AREA AND BOTH BATHROOMS. OUTSIDE OF HOME WAS PAINTED IN FEBRUARY 2017, NEW GARAGE DOOR IN 2017 AND A NEW PATIO COVER WAS ADDED IN 2017. DESERT ROCK LANDSCAPING IN FRONT AND BACK. OWNER HAD CEMENT WORK WITH WALKWAY ON BOTH SIDES OF THE HOME. CLOSE TO FREEWAY AND SHOPPING. MORONGO CASINO AND CABAZON DESERT HILLS SHOPPING IS JUST MINUTES AWAY.

Last Agent to Sell the Property

Carolyn Burton

CENTURY 21 LOIS LAUER REALTY License #00612262 Listed on: 11/11/2018

CENTURY 21 LOIS LAUER REALTY

Last Buyer's Agent

Cindy Snow

CENTURY 21 LOIS LAUER REALTY License #01425131

CENTURY 21 LOIS LAUER REALTY

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2004

Lot Details

  • 4,356 Sq Ft Lot
  • Desert faces the front and back of the property
  • Wood Fence
  • Block Wall Fence
  • Fence is in average condition
  • Landscaped
  • Back Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned R1

HOA Fees

  • $140 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage

Property Views

  • Mountain
  • Neighborhood

Home Design

  • Traditional Architecture
  • Turnkey
  • Slab Foundation
  • Fire Rated Drywall
  • Interior Block Wall
  • Tile Roof

Interior Spaces

  • 1,289 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Double Door Entry
  • Sliding Doors
  • Separate Family Room
  • Living Room with Fireplace

Kitchen

  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • 220 Volts In Laundry

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • No Interior Steps
  • Low Pile Carpeting

Pool

  • Spa
  • Fence Around Pool

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Location

  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 221
  • Tax Tract Number 221
  • Assessor Parcel Number 538323011

Community Details

Overview

  • Active Adult
  • Serrano Del Vista Association, Phone Number (626) 967-7921

Recreation

  • Community Pool
  • Community Spa

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2004

Lot Details

0

HOA Fees

$140 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
  • View: Yes
  • Zoning: R1
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 538323011
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1289.00 Square Feet
  • Interior Amenities: Block Walls, Cathedral Ceiling(s), Ceiling Fan(s), Open Floorplan, Tile Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Accessibility Features: Low Pile Carpeting, No Interior Steps
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Double Door Entry, Sliding Doors
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 186.19
  • Room Type: Laundry, Living Room, Master Bathroom, Master Bedroom, Separate Family Room
  • Spa Features: Association
  • Window Features: Double Pane Windows
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Linen Closet/Storage, Walk-In Shower

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Mountain(s), Neighborhood
  • Fence: Yes
  • Fencing: Average Condition, Block, Wood
  • Patio And Porch Features: Concrete, Covered
  • Pool Features: Association, Fenced
  • Pool Private: No
  • Roof: Tile
  • Spa: Yes
  • Construction Materials: Drywall Walls

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Direct Garage Access, Garage, Garage Faces Front
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Water Heater
  • Electric: 220 Volts in Laundry
  • Heating Type: Central, Natural Gas, Fireplace(s)
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Spa/Hot Tub
  • Association Fee: 140.00
  • Association Fee Frequency: Monthly
  • Association Name: Serrano Del Vista
  • Phone: 626-967-7921
  • Senior Community: Yes
  • Community Features: Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Desert Back, Desert Front, Landscaped, Near Public Transit
  • Lot Size Sq Ft: 4356.00
  • Lot Size Acres: 0.1000

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4356.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 443.00
  • Tax Lot: 221
  • Tax Tract Number: 221

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2018
Closed on
Feb 25, 2019
Sold by
Covert Barbara Penny
Bought by
Svitak Edward and Svitak Doreen
Seller's Agent
Carolyn Burton
CENTURY 21 LOIS LAUER REALTY
Buyer's Agent
Cindy Snow
CENTURY 21 LOIS LAUER REALTY
List Price
$245,000
Sold Price
$240,000
Premium/Discount to List
-$5,000
-2.04%
Current Estimated Value
$367,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,540
Avg. Annual Appreciation
6.36%
Original Mortgage
$228,000
Outstanding Balance
$200,451
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$167,089

Purchase Details

Closed on
May 3, 2004
Sold by
Banning 144 Llc
Bought by
Covert Barbara Penny and Barbara Penny Covert Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Svitak Edward $240,000 Lawyers Title
Covert Barbara Penny $201,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Svitak Edward $228,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2019 03/04/19 Sold $240,000 -2.0% $186 / Sq Ft
01/16/2019 01/16/19 Pending -- -- --
11/11/2018 11/11/18 For Sale $245,000 -- $190 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $3,569 $267,720 $22,308 $245,412
2023 $3,569 $257,326 $21,443 $235,883
2022 $3,489 $252,281 $21,023 $231,258
2021 $3,420 $247,335 $20,611 $226,724
2020 $3,389 $244,800 $20,400 $224,400
2019 $2,987 $215,280 $47,840 $167,440
2018 $2,908 $207,000 $46,000 $161,000
2017 $2,616 $186,000 $41,000 $145,000
2016 $2,260 $166,000 $37,000 $129,000
2015 $2,178 $160,000 $35,000 $125,000
2014 $1,981 $144,000 $32,000 $112,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV18272084

California Regional Multiple Listing Service (CRMLS)

APN: 538-323-011