NOT LISTED FOR SALE

497 Rainbow Dr NW Lancaster, OH 43130

Estimated Value: $1,674,000 - $1,959,000

4 Beds
3.5 Baths
7,244 Sq Ft
$249/Sq Ft Est. Value

Last Sold January 09, 2024

Last sale price $1,800,000 $248 Per Sq Ft

Current estimated payment $13,110/month

114 Days on Market

Highlights

  • 19.71 Acre Lot
  • Wooded Lot
  • Loft
  • Pond
  • Wood Flooring
  • No HOA

About This Home

As of January 2024

Welcome to this exquisite French Country manor! Situated on almost 20 acres, just 35 minutes from Columbus, this property offers a complete renovation to many areas of the home and property. Brand new brick and poured stone driveway, 4 bedrooms, 3.5 baths, gourmet kitchen with Viking appliances, office, renovated bar and bath in the lower level walk out, outdoor patio, pristine pond, park-quality playset, detached carriage house prepped and ready for a second story living space, and a climate-controlled 40x64 metal pole building. So many features and upgrades to take in.....don't miss the chance to tour this beautiful estate!

Last Agent to Sell the Property

Sarah Claypool

Rock House Realty LLC License #2023003929 Listed on: 11/21/2023

Last Buyer's Agent

Rob Riddle

New Albany Realty, LTD License #2012000142

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,158

Year Built

  • Built in 1995

Lot Details

  • 19.71 Acre Lot
  • Wooded Lot

Parking

  • 6 Car Garage
  • Garage Door Opener

Home Design

  • Block Foundation
  • Stone Exterior Construction

Interior Spaces

  • 7,244 Sq Ft Home
  • 2-Story Property
  • Gas Log Fireplace
  • Insulated Windows
  • Loft
  • Laundry on lower level

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

Outdoor Features

  • Pond
  • Stream or River on Lot
  • Patio

Utilities

  • Central Air
  • Heating Available
  • Private Water Source
  • Well
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 01-40095-900

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,158

Year Built

Built in 1995

Lot Details

0

Parking

6

Listing Details

  • Type: Residential
  • Accessible Features: No
  • Year Built: 1995
  • Tax Year: 2022
  • Property Sub-Type: Single Family Residence
  • ResoLotFeatures: Stream On Lot, Wooded
  • Lot Size Acres: 19.71
  • Co List Office Phone: 614-245-8267
  • MLS Status: Closed
  • ResoBuildingAreaSource: Realist
  • Reso Fireplace Features: Gas Log
  • Reso Interior Features: Dishwasher, Gas Range, Microwave, Refrigerator
  • Unit Levels: Two
  • New Construction: No
  • Reso Window Features: Insulated All
  • Basement Basement YN2: No
  • Rooms LL Laundry: Yes
  • Rooms:Living Room: Yes
  • Air Conditioning Central: Yes
  • Interior Flooring Carpet: Yes
  • Interior Amenities Gas Range: Yes
  • Interior Amenities Microwave: Yes
  • Water Source Private Water Source: Yes
  • Sewer Private Sewer: Yes
  • Lot Characteristics Stream On Lot: Yes
  • Lot Characteristics Wooded: Yes
  • Foundation:Block: Yes
  • Interior Flooring CeramicPorcelain: Yes
  • Windows Insulated All: Yes
  • Interior Amenities Dishwasher: Yes
  • Exterior:Stone: Yes
  • Lot Characteristics Pond: Yes
  • Levels Two2: Yes
  • Water Source Well: Yes
  • Common Walls No Common Walls: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Entry Level Bedrooms: 1
  • Upstairs Bedrooms: 3
  • Upstairs 1 Full Bathrooms: 1
  • Entry Level Full Bathrooms: 2
  • Downstairs 1 Half Bathrooms: 1
  • Entry Level Eating Space: 1
  • Downstairs 1 Family Room: 1
  • Entry Level Living Room: 1
  • Utility Space (Entry Level): 1
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: Yes
  • Flooring: Wood, Carpet, Ceramic/Porcelain
  • Main Level Bedrooms: 1
  • Other Rooms:Dining Room: Yes
  • Fireplace:Gas Log: Yes
  • Other Rooms:Loft: Yes

Exterior Features

  • Common Walls: No Common Walls
  • Foundation Details: Block
  • Patio And Porch Features: Patio
  • Patio and Porch Features Patio: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 6.0
  • Attached Garage: Yes
  • Parking Features: Garage Door Opener, Attached Garage, Detached Garage
  • Parking Features Attached Garage: Yes
  • Parking Features Detached Garage: Yes
  • Parking Features 5 Car Garage: Yes

Utilities

  • Sewer: Private Sewer
  • Heating: Electric
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well, Private
  • Heating:Electric2: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: LANCASTER CSD 2305 FAI CO.

Lot Info

  • Parcel Number: 01-40095-900
  • Lot Size Sq Ft: 858567.6

Tax Info

  • Tax Annual Amount: 18158.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2023
Closed on
Jan 17, 2024
Sold by
Sommer Edward D A and Sommer Michelle Lynne
Bought by
Byers Brittany
Seller's Agent
Sarah Claypool
Rock House Realty LLC
Buyer's Agent
Rob Riddle
New Albany Realty, LTD
List Price
$2,199,000
Sold Price
$1,800,000
Premium/Discount to List
-$399,000
-18.14%
Views
94
Current Estimated Value
$1,801,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,912
Avg. Annual Appreciation
0.06%
Original Mortgage
$2,220,800
Outstanding Balance
$2,183,937
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
-$382,025

Purchase Details

Listed on
Nov 21, 2023
Closed on
Dec 27, 2023
Sold by
Sommer Edward D A and Sommer Michelle Lynne
Bought by
Byers Brittany
Seller's Agent
Sarah Claypool
Rock House Realty LLC
Buyer's Agent
Rob Riddle
New Albany Realty, LTD
List Price
$2,199,000
Sold Price
$1,800,000
Premium/Discount to List
-$399,000
-18.14%
Views
94

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,220,800
Outstanding Balance
$2,183,937
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
-$382,025

Purchase Details

Closed on
May 19, 2017
Sold by
Harper Paul and Harper Linda
Bought by
Sommer Edward D A and Sommer Michelle Lynne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$915,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 9, 2008
Sold by
Larsen Max T
Bought by
Harper Paul and Harper Linda

Purchase Details

Closed on
May 23, 2007
Sold by
Stacey Edward R and Stacey Judith A
Bought by
Larsen Max T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,044,966
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 1994
Sold by
Lehew Carl R
Bought by
Stacey Edward R
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
Byers Brittany $1,800,000 Caliber Title
Byers Brittany $1,800,000 Caliber Title
Sommer Edward D A $1,225,000 Lanco Title Agency
Harper Paul -- Attorney
Larsen Max T $1,282,000 Title First Agency
Stacey Edward R $87,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Byers Brittany $2,220,800
Closed Byers Brittany $2,220,800
Previous Owner Sommer Edward D A $915,000
Previous Owner Larsen Max T $1,044,966
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/09/2024 01/09/24 Sold $1,800,000 -10.0% $248 / Sq Ft
11/08/2023 11/08/23 Price Changed $1,999,500 -8.1% $276 / Sq Ft
10/24/2023 10/24/23 Price Changed $2,175,000 -1.1% $300 / Sq Ft
08/18/2023 08/18/23 For Sale $2,199,000 -- $304 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

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 $43,577 $437,520 $82,340 $355,180
2023 $17,938 $437,520 $82,340 $355,180
2022 $18,158 $437,520 $82,340 $355,180
2021 $14,016 $336,960 $63,340 $273,620
2020 $13,489 $336,960 $63,340 $273,620
2019 $12,883 $336,960 $63,340 $273,620
2018 $13,913 $302,580 $60,810 $241,770
2017 $13,571 $343,090 $60,810 $282,280
2016 $11,494 $302,890 $60,810 $242,080
2015 $11,498 $292,760 $60,810 $231,950
2014 $10,990 $292,760 $60,810 $231,950
2013 $10,990 $292,760 $60,810 $231,950
Source: Public Records

Agents Affiliated with this Home

  • Sarah Claypool

    Seller's Agent in 2024

    Sarah Claypool

    Rock House Realty LLC

    (614) 747-2155

    29 Total Sales

    Sarah Claypool
    Section Image
  • Rob Riddle

    Buyer's Agent in 2024

    Rob Riddle

    New Albany Realty, LTD

    (614) 683-2843

    709 Total Sales

    Rob Riddle
    Section Image

  • R

    Buyer's Agent in 2024

    Robert Riddle

    Ohiocorp Realty, Inc.

See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 223026784

Columbus and Central Ohio Regional MLS

APN: 01-40095-900

Ohio Fairfield County Lancaster 43130

497 Rainbow Dr NW, Lancaster, OH

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