NOT LISTED FOR SALE

31 Lower Rainbow Rd East Otis, MA 01029

Estimated Value: $188,000 - $238,417

2 Beds
1 Bath
850 Sq Ft
$252/Sq Ft Est. Value

Last Sold October 11, 2019

Last sale price $89,000 $105 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $1,244/month

91 Days on Market

Highlights

  • Private Beach
  • Main Floor Bedroom
  • Interior Lot
  • Access To Lake
  • Cottage
  • Wood Siding

About This Home

As of October 2019

Adorable updated cottage with access to a mooring on Otis Reservoir just a short walk down the road. This is a 3 season cottage with 2 bedrooms, one of which is accessed by a ladder to a loft or stairs from rear exterior of house. Cottage has new kitchen counter tops and appliances. Open living dining area, with one bedroom on the main floor. Spacious living area. Large storage shed that could be used for additional sleeping space. Low taxes and easy living.

Last Agent to Sell the Property

Beth VanNess

KEY REALTY License #9036799 Listed on: 04/28/2019

Co-Listed By

Donna Rivers

GILE REAL ESTATE License #136151

Last Buyer's Agent

Beth VanNess

KEY REALTY License #9036799 Listed on: 04/28/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $845

Year Built

  • 1952

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 101x198
  • Private Beach
  • Interior Lot

Home Design

  • Cottage
  • Updated or Remodeled
  • Slab Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Fiberglass Roof
  • Wood Siding

Interior Spaces

  • 850 Sq Ft Home
  • Linoleum Flooring
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Full Bathroom

Parking

  • 4 Parking Spaces
  • No Garage
  • Off-Street Parking

Outdoor Features

  • Access To Lake
  • Outbuilding

Schools

  • Farmington River Elementary School
  • Lee Middle School
  • Lee High School

Utilities

  • Private Water Source
  • Well
  • Drilled Well
  • Electric Water Heater
  • Private Sewer
  • Tight Tank Sewer System

Home Details

Home Type

Single Family

Est. Annual Taxes

$845

Year Built

1952

Lot Details

0

Listing Details

  • Property Type: Residential - Single Family
  • Property Type: Residential
  • Style: Cottage
  • Accessibility: 1st Fl Bdrm | 1st Flr Full Bath
  • Condition: Recently Renovated
  • Construction: Wood Frame
  • Directions: Route 23 Otis, rt onto Reservoir Rd, Left on Pine, Right on Lower Rainbow.
  • Marketing Headline: Otis Reservoir Just a Skip Away.
  • Year Built Description: Approximate
  • Estimated Year Built: 1952
  • Right Of Way: No
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1952

Interior Features

  • Appliances Included: Range, Refrigerator
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Total Full Baths: 1
  • Basement: Slab
  • Insulation: None
  • Floor: Linoleum
  • Sq Ft Liv Apx: 850.00
  • Total Rooms: 4

Exterior Features

  • Exterior Amenities: Mooring | Trash Private | Outbuilding
  • Roof: Asphalt Shingles | Fiberglass
  • Waterfront: Close to Water | Walk to Water | Private Beach | Motorized Vehicles | Lake Access | Lake
  • Waterfront Lake Pond Name: Otis Reservoir
  • Exterior Siding: Wood

Garage/Parking

  • Parking Spaces: 4.00
  • Parking Spaces Type: Off Street
  • Garage: None

Utilities

  • Electric Type: 200 Amp
  • Fuel: None
  • Hot Water: Electric
  • Internet Service: Satellite Available
  • Sewer: Private | Tight Tank
  • Underground Oil Tank: No
  • Water: Private | Well
  • Well Detail: Drilled
  • Flood Hazard Area: No
  • Heat Cool Vent: None

Condo/Co-op/Association

  • Mandatory HOA: No

Schools

  • Elementary School: Farmington River
  • Middle School: Lee
  • High School: Lee

Lot Info

  • Estimated Acres: 0.33
  • Total Assessed Value: 102000.00
  • Assessed Year: 2018.00
  • Lot Description: Interior
  • Lot Size Sq Ft: 14375.00
  • Map Ref: M:17, L:15
  • Right To Farm Comm: Unk
  • Zoning: Residential
  • Lot Dimensions: 101x198
  • Easement: No
  • Survey: No

Tax Info

  • Taxes: 845.00
  • Tax Year: 2018

MLS Schools

  • Elementary School: Farmington River
  • High School: Lee
  • Middle School: Lee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 2, 2025
Sold by
Fatse Peter G
Bought by
Peter Fatse Lt and Fatse
Current Estimated Value
$214,354

Purchase Details

Listed on
Apr 28, 2019
Closed on
Sep 16, 2019
Sold by
Chisholm Holly J
Bought by
Fatse Theodore J and Fatse Andrew T
Seller's Agent
Beth VanNess
KEY REALTY
Buyer's Agent
Beth VanNess
KEY REALTY
List Price
$109,900
Sold Price
$89,000
Premium/Discount to List
-$20,900
-19.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.18%
Original Mortgage
$71,200
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 27, 2014
Closed on
Nov 3, 2014
Sold by
Huntington Monique
Bought by
Chisholm Holly J
Seller's Agent
Jeff Dubiel
Lamacchia Realty, Inc.
Buyer's Agent
Jeff Dubiel
Lamacchia Realty, Inc.
List Price
$139,000
Sold Price
$110,000
Premium/Discount to List
-$29,000
-20.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.21%
Original Mortgage
$165,000
Interest Rate
4.21%

Purchase Details

Closed on
Aug 8, 2014
Sold by
Huntington Randall F
Bought by
Huntinton Monique and Huntington Monique

Purchase Details

Closed on
Aug 11, 2006
Sold by
Kall Aafje M
Bought by
Huntington Monique and Huntington Randall F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.8%
Mortgage Type
Purchase Money Mortgage
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
Peter Fatse Lt -- --
Fatse Theodore J $89,000 --
Chisholm Holly J $110,000 --
Huntinton Monique -- --
Huntinton Monique -- --
Huntington Monique $127,500 --
Huntington Monique $127,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fatse Theodore J $71,200
Previous Owner Chisholm Holly J $165,000
Previous Owner Chisholm Holly J $165,000
Previous Owner Huntington Monique $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2019 10/11/19 Sold $89,000 -19.0% $105 / Sq Ft
07/28/2019 07/28/19 Pending -- -- --
04/28/2019 04/28/19 For Sale $109,900 -0.1% $129 / Sq Ft
11/07/2014 11/07/14 Sold $110,000 -14.7% $135 / Sq Ft
09/25/2014 09/25/14 Pending -- -- --
07/25/2014 07/25/14 Price Changed $129,000 -3.7% $158 / Sq Ft
07/04/2014 07/04/14 Price Changed $134,000 -3.6% $165 / Sq Ft
05/27/2014 05/27/14 For Sale $139,000 -- $171 / Sq Ft
Source: Berkshire County 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
2025 $908 $140,500 $64,500 $76,000
2024 $861 $132,800 $63,500 $69,300
2023 $802 $121,200 $40,800 $80,400
2022 $724 $93,400 $39,400 $54,000
2021 $732 $86,400 $39,400 $47,000
2020 $851 $102,000 $39,400 $62,600
2019 $845 $102,000 $39,400 $62,600
2018 $835 $102,000 $39,400 $62,600
2017 $824 $102,000 $39,400 $62,600
2016 $812 $103,400 $39,400 $64,000
2015 $642 $85,300 $23,300 $62,000
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Beth VanNess

    KEY REALTY

    Section Image

  • D

    Seller Co-Listing Agent in 2019

    Donna Rivers

    GILE REAL ESTATE

    Section Image

  • J

    Seller's Agent in 2014

    Jeff Dubiel

    Lamacchia Realty, Inc.

    Section Image
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Map

Source: Berkshire County Board of REALTORS®

MLS Number: 226821

Berkshire County Board of REALTORS®

APN: OTIS-000017A-000000-000015

Massachusetts Berkshire County East Otis

31 Lower Rainbow Rd, East Otis, MA

This home is located at 31 Lower Rainbow Rd, East Otis, MA 01029 since 28 April 2019 and is currently estimated at $214,354, approximately $252 per square foot. This property was built in 1952. 31 Lower Rainbow Rd is a home located in Berkshire County with nearby schools including Farmington River Elementary School.

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