NOT LISTED FOR SALE

3065 Rainbow Ln Richfield, OH 44286

Estimated Value: $1,314,000 - $1,433,000

5 Beds
4.5 Baths
7,645 Sq Ft
$180/Sq Ft Est. Value

Last Sold March 06, 2024

Last sale price $1,350,000 $177 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $8,651/month

114 Days on Market

Highlights

  • 3.07 Acre Lot
  • Colonial Architecture
  • 3 Fireplaces
  • Richfield Elementary School Rated A-
  • Deck
  • 4 Car Attached Garage

About This Home

As of March 2024

This exquisite custom built Legacy home (2016) on 3.06 private acres boasts 7,645 SF of living space including a basement that you will never want to leave! Open floor plan highlighted by a stunning two-story great room adorned with coffered ceilings, gas fireplace, and expansive windows leading to a covered 2-story back deck with additional fireplace. The main level includes a gourmet kitchen with gas/electric Wolf range, quartz countertops, and a walk-in pantry. Additional hearth room off of the eat-in kitchen with beautiful vaulted ceilings and a stone gas fireplace. A private office overlooks a spectacular indoor multi-purpose gymnasium. Completing the main level are a formal dining room, laundry area, mudroom with built-in storage, a half bath and an optional 6th bedroom/playroom/2nd office. Second floor features the spacious owner’s suite with vaulted ceilings, sitting room, walk-in closet and a spa-like bathroom. The second-floor hallway overlooks the great room, leading to an en-suite bedroom, along with two additional bedrooms with a jack-and-jill bathroom. Fully finished lower level spans 3,139 sq/ft with a remarkable multi-purpose gymnasium accompanied by an attached exercise room and loft with wet bar. Beautiful basement bar featuring beer and wine fridges with views to the court. Expansive rec room featuring 10’ ceilings and a fifth bedroom next to an additional full bath. 4 car garage, Reverse Osmosis, built-in speakers in kitchen area and basement.

Last Agent to Sell the Property

Bill Lowery

EXP Realty, LLC. Brokerage Email: bill@wlowery.com (330) 472-8082 License #2017004016 Listed on: 08/29/2023

EXP Realty, LLC.

Co-Listed By

Marisa Fatica

EXP Realty, LLC. Brokerage Email: bill@wlowery.com (330) 472-8082 License #2023003834

Last Buyer's Agent

Julia Mellon

Howard Hanna License #2007001492

Howard Hanna

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,100

Year Built

  • Built in 2016

Lot Details

  • 3.07 Acre Lot
  • West Facing Home
  • Irregular Lot

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • 4 Car Attached Garage

Home Design

  • Colonial Architecture
  • Fiberglass Roof
  • Asphalt Roof
  • Stone Siding

Interior Spaces

  • 2-Story Property
  • 3 Fireplaces
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Septic Tank

Community Details

  • Rainbow Acres Association
  • Rainbow Acres Ph I Subdivision

Listing and Financial Details

  • Assessor Parcel Number 5002210

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,100

Year Built

Built in 2016

Lot Details

0

HOA Fees

$17 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family Residence
  • Year Built: 2016
  • Attribution Contact: bill@wlowery.com (330) 472-8082
  • ResoLotFeatures: Irregular Lot
  • Co List Office Mls Id: 20326
  • Co List Office Phone: 866-212-4991
  • Subdivision Name: Rainbow Acres Ph I
  • Above Grade Finished Sq Ft: 4506.0
  • Reso Accessibility Features: None
  • Architectural Style: Colonial
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Property Attached Yn: No
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplaces: 3
  • Basement: Full, Finished
  • Basement: Yes
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 3139.0
  • Main Level Bedrooms: 1
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 3.07
  • Home Warranty: No
  • Construction Type: Other, Stone
  • Direction Faces: West
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Parking Features: Attached, Garage, Paved

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 200.0
  • Association Fee Frequency: Annually
  • Association Name: Rainbow Acres
  • Association: Yes

Schools

  • Junior High Dist: Revere LSD - 7712

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 5002210
  • LandLeaseYN: No
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 15100.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2023
Closed on
Mar 6, 2024
Sold by
Yeung Tsz Tak
Bought by
Slepak Chase and Slepak Kathryn
Seller's Agent
Bill Lowery
EXP Realty, LLC.
Buyer's Agent
Julia Mellon
Howard Hanna
List Price
$1,495,000
Sold Price
$1,350,000
Premium/Discount to List
-$145,000
-9.7%
Views
338
Current Estimated Value
$1,375,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,829
Avg. Annual Appreciation
-0.35%
Original Mortgage
$1,080,000
Outstanding Balance
$1,064,300
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$278,634
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
Slepak Chase $1,350,000 Infinity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Slepak Chase $200,000
Open Slepak Chase $1,080,000
Previous Owner Yeung Tsz Tak $500,000
Previous Owner Mcdowell Tony R $205,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2024 03/06/24 Sold $1,350,000 0.0% $177 / Sq Ft
12/21/2023 12/21/23 Off Market $1,350,000 -- --
12/21/2023 12/21/23 Pending -- -- --
08/29/2023 08/29/23 For Sale $1,495,000 -- $196 / Sq Ft
Source: MLS Now

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 $13,818 $321,633 $50,183 $271,450
2024 $13,818 $321,633 $50,183 $271,450
2023 $13,818 $321,633 $50,183 $271,450
2022 $15,100 $309,264 $48,255 $261,009
2021 $15,110 $309,264 $48,255 $261,009
2020 $14,754 $309,270 $48,260 $261,010
2019 $15,753 $309,630 $45,840 $263,790
2018 $15,945 $309,630 $45,840 $263,790
2017 $2,048 $45,840 $45,840 $0
2016 $2,141 $39,030 $39,030 $0
2015 $2,048 $39,030 $39,030 $0
2014 $2,035 $39,030 $39,030 $0
2013 $1,941 $39,030 $39,030 $0
Source: Public Records

Agents Affiliated with this Home

  • Bill Lowery

    Seller's Agent in 2024

    Bill Lowery

    EXP Realty, LLC.

    (330) 472-8082

    2 in this area

    208 Total Sales

    Bill Lowery
    Section Image

  • M

    Seller Co-Listing Agent in 2024

    Marisa Fatica

    EXP Realty, LLC.

    (330) 472-2525

    1 in this area

    5 Total Sales

    Marisa Fatica
    Section Image
  • Julia Mellon

    Buyer's Agent in 2024

    Julia Mellon

    Howard Hanna

    (330) 348-1243

    2 in this area

    331 Total Sales

    Julia Mellon
    Section Image
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Map

Source: MLS Now

MLS Number: 4484556

MLS Now

APN: 50-02210

Ohio Summit County Richfield 44286

3065 Rainbow Ln, Richfield, OH

This home is located at 3065 Rainbow Ln, Richfield, OH 44286 since 29 August 2023 and is currently estimated at $1,375,829, approximately $179 per square foot. This property was built in 2016. 3065 Rainbow Ln is a home located in Summit County with nearby schools including Richfield Elementary School, Bath Elementary School, and Revere Middle 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.

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