NOT LISTED FOR SALE

488 Rainbow Gardens Ln Mc Daniels, KY 40152

Estimated Value: $259,761 - $291,000

3 Beds
2 Baths
1,156 Sq Ft
$242/Sq Ft Est. Value

Last Sold August 22, 2018

Last sale price $175,000 $151 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $1,623/month

75 Days on Market

Highlights

  • Deck
  • No HOA
  • Forced Air Heating and Cooling System

About This Home

As of August 2018

So Ideal For So Many Reasons!

This charming lakefront home is so ideal for so ideal for so many reasons! It's not just the lake house you should definitely see but it's the view and walk to your dock that you're going to fall in love with!

The home may look small from the road but once inside, you'll find that it's rather spacious & updated. It has a total of 3 BR & 2 BA and an addition on the back of the house with large windows for your viewing pleasure! The home's walls are lined with cedar which gives you that rustic, lake cabin feel and that fresh real wood smell.

Some might argue that you'll have the best view on the lake with the easiest walk to the water! And you'll also appreciate your dock being a deep water cove which is not only great for swimming and floating, but it protects your boat from main channel boat traffic.

This home is located in a fantastic location both on the water and by land. Axtel Boat Ramp & Nick's Boat Dock are both just around the corner for quick and easy launching and gassing up. You'll also find that shopping, gas stations, restaurants and more are just minutes away!

Give me a call today so we can arrange for your private tour of this one of a kind property on Rough River Lake!

Last Agent to Sell the Property

Heather Keith

Greater Rough River Realty Group Listed on: 07/16/2018

Last Buyer's Agent

Heather Keith

Red Edge Realty License #219020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,655

Year Built

  • Built in 1965

Lot Details

  • 0.49

Parking

  • Driveway

Home Design

  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,156 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Septic Tank

Additional Features

  • Deck
  • Lot Dimensions are 371.8'x365.4'x60'x56'

Community Details

  • No Home Owners Association
  • Rainbow Gardens Subdivision

Listing and Financial Details

  • Tax Lot 11
  • Assessor Parcel Number RG 11
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,655

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Cooling System: Central Air, Heat Pump
  • Stories: 1
  • Lot Dimensions: 371.8'x365.4'x60'x56'
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Garage Yn: No
  • Subdivision Name: RAINBOW GARDENS
  • Above Grade Finished Sq Ft: 1156.0
  • Architectural Style: Ranch
  • Reso Other Structures: Outbuilding
  • Utilities Electricity Connected: Yes
  • Full Bathroom Level: First
  • Rooms:Living Room5: Yes
  • Primary Bedroom Level: First
  • Cooling Central Air: Yes
  • Architectural Style Ranch: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Kitchen Level: First
  • Living Room Level: First
  • Other Level: First
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Total Bedrooms: 8
  • Basement:None6: Yes

Exterior Features

  • Fencing: None
  • Roof: Metal
  • Acres: 0.49
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Wood Frame
  • Foundation Details: Crawl Space, Concrete Blk
  • Patio And Porch Features: Deck
  • Construction:Frame - Wood2: Yes
  • Patio And Porch Features:Deck2: Yes
  • Waterfront Features:Lake Front: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street, Driveway
  • Garageparkingdriveway: Yes
  • GarageParking:Off-Street Parking: Yes

Utilities

  • Utilities: Electricity Connected
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Heat Pump
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 21385.0
  • ResoLotSizeUnits: Acres
  • Parcel #: RG 11
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built: 1965

Tax Info

  • Tax Block: 0
  • Tax Lot: 11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2018
Closed on
Aug 22, 2018
Sold by
Richardson David L and Richardson Barbara B
Bought by
Wilson Shwn D and Wilson Kellte M
Seller's Agent
Heather Keith
Greater Rough River Realty Group
Buyer's Agent
Heather Keith
Red Edge Realty
List Price
$225,000
Sold Price
$175,000
Premium/Discount to List
-$50,000
-22.22%
Current Estimated Value
$280,190

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,190
Avg. Annual Appreciation
6.82%
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
Wilson Shwn D $175,000 Regional Land Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2018 08/22/18 Sold $175,000 -22.2% $151 / Sq Ft
08/14/2018 08/14/18 Pending -- -- --
05/31/2018 05/31/18 For Sale $225,000 -- $195 / Sq Ft
Source: Metro Search, Inc.

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 $1,655 $180,000 $50,000 $130,000
2023 $1,671 $180,000 $50,000 $130,000
2022 $1,683 $180,000 $50,000 $130,000
2021 $1,758 $180,000 $50,000 $130,000
2020 $1,725 $175,000 $50,000 $125,000
2019 $1,721 $175,000 $50,000 $125,000
2018 $1,351 $138,300 $0 $0
2017 $1,336 $138,300 $0 $0
2016 $1,337 $138,300 $40,000 $98,300
2015 $1,351 $138,300 $40,000 $98,300
2013 $853 $90,000 $30,000 $60,000
Source: Public Records

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Map

Source: Metro Search, Inc.

MLS Number: 1505949

Metro Search, Inc.

APN: RG-11