NOT LISTED FOR SALE

414 N Rainbow Dr Clare, MI 48617

Estimated Value: $88,000 - $246,000

6 Beds
2 Baths
2,363 Sq Ft
$81/Sq Ft Est. Value

Last Sold February 09, 2022

Last sale price $150,000 $63 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,347/month

65 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Wood Siding
  • Gas Fireplace
  • Clare High School Rated 9+

About This Home

As of February 2022

Plenty of possibilities with this listing. Currently being used as a duplex, with a little work it could be converted back to a single family home, or as it's previous use as an AFC home. Perfect situation if you needed a mother in law suite as well. One half offers 4 beds/ 1.5 bath while the other half is a smaller 2 bed/1bath. Located not far from downtown. Single utility meters, one water heater heater and separate furnaces. Tenant in larger side pays all the utilities. Currently generating $1600 per month rent. All listing info/measurements are approx

Last Agent to Sell the Property

Brent Duffett

PEYTON PROPERTIES, LLC License #CGBOR-6501299166 Listed on: 11/30/2021

Last Buyer's Agent

Brent Duffett

PEYTON PROPERTIES, LLC License #CGBOR-6501299166 Listed on: 11/30/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

Year Built

  • Built in 1948

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 85x132

Home Design

  • Duplex
  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • Gas Fireplace
  • Washer

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Basement

  • Partial Basement
  • Block Basement Construction

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Gas Water Heater

Community Details

  • 2 Units
  • Feighners Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 051 268 006 00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,415

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Originating MLS: Clare Gladwin Board of REALTORS
  • Class: MULTIFAMILY
  • Type: Duplex
  • Type Of Property: Multi-Family
  • Year Built: 1948
  • Mail City: Clare
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Microwave, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Fireplace Features: Famroom Fireplace, Gas
  • Basement: Yes
  • Basement Type: Block, Partial
  • Bedrooms: 6
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Source of Sq Ft: Assessors Data
  • Estimated Sq Ft: 2363

Exterior Features

  • Construction: Brick, Wood
  • Foundation Type: Basement, Crawl
  • Roads: City/County

Utilities

  • Water: Public Water
  • Water Heater: Gas
  • Cooling System: Central A/C
  • Fuel Type: Natural Gas
  • Heating System: Forced Air
  • Separate Heat: Yes
  • Sewer/Septic System: Public Sanitary

Lot Info

  • Assessor Parcel Number: 051 268 006 00
  • Location: Main Street, Subdivision
  • Lot Dimensions: 85x132
  • Acreage: 0.26
  • Zoning: Residential
  • Geo Subdivision: MI

Tax Info

  • Summer Tax: Year: 2020, Amount: $2,278.05
  • Winter Tax: Year: 2020, Amount: $2,158.78
  • Taxable Value: 67368
  • Total Tax: Year: 2020, Amount: $4,468.23
  • SEV Year: 2021

Multi Family

  • Total Units: 2

MLS Schools

  • School District: Clare Public Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2021
Closed on
Feb 9, 2022
Sold by
Cousineau Kevin J
Bought by
500 District Properties Llc
Seller's Agent
Brent Duffett
PEYTON PROPERTIES, LLC
Buyer's Agent
Brent Duffett
PEYTON PROPERTIES, LLC
List Price
$159,900
Sold Price
$150,000
Premium/Discount to List
-$9,900
-6.19%
Total Days on Market
65
Current Estimated Value
$190,661

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,661
Avg. Annual Appreciation
17.42%
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
500 District Properties Llc $152,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2022 02/09/22 Sold $150,000 -6.2% $63 / Sq Ft
02/03/2022 02/03/22 Pending -- -- --
11/30/2021 11/30/21 For Sale $159,900 -- $68 / Sq Ft
Source: Clare Gladwin 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 $3,415 $109,000 $15,400 $93,600
2023 $2,385 $95,200 $15,400 $79,800
2022 $4,763 $81,500 $15,400 $66,100
2021 $4,653 $70,400 $0 $0
2020 $4,437 $68,000 $0 $0
2019 $3,985 $65,200 $0 $0
2018 $2,576 $58,100 $0 $0
2017 $1,807 $57,500 $0 $0
2016 $1,628 $56,800 $0 $0
2015 -- $56,200 $0 $0
2014 -- $52,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brent Duffett

    Seller's Agent in 2022

    Brent Duffett

    PEYTON PROPERTIES, LLC

    (989) 429-0181

    164 Total Sales

    Brent Duffett
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Map

Source: Clare Gladwin Board of REALTORS®

MLS Number: 50061809

Clare Gladwin Board of REALTORS®

APN: 051-268-006-00

Michigan Clare County Clare 48617

414 N Rainbow Dr, Clare, MI

This home is located at 414 N Rainbow Dr, Clare, MI 48617 since 30 November 2021 and is currently estimated at $190,661, approximately $80 per square foot. This property was built in 1948. 414 N Rainbow Dr is a home located in Clare County with nearby schools including Clare Primary School, Clare Middle School, and Clare High 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.

Clare Gladwin Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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