NOT LISTED FOR SALE

5002 Rainbow Rd Midland, TX 79707

Wydewood Neighborhood

Estimated Value: $345,752 - $373,000

-- Bed
2 Baths
2,192 Sq Ft
$162/Sq Ft Est. Value

About This Home

This home is located at 5002 Rainbow Rd, Midland, TX 79707 and is currently estimated at $354,438, approximately $161 per square foot. 5002 Rainbow Rd is a home located in Midland County with nearby schools including Bush Elementary School, Abell Junior High School, and Trinity School of Midland.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2022
Sold by
Farnsworth Thomas
Bought by
Spraberry Home Rentals Llc
Current Estimated Value
$354,438

Purchase Details

Closed on
Sep 18, 2019
Sold by
Unseth Calebm and Unseth Carrie
Bought by
Farnsworth Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2012
Sold by
Atkison Randy
Bought by
Unseth Caleb M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,377
Interest Rate
3.93%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 9, 2010
Sold by
Simmons Curtis M
Bought by
Unseth Caleb M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,541
Interest Rate
4.42%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 6, 2010
Sold by
Simmons Curtis M and Simmons Kyra T
Bought by
Atkison Randy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,541
Interest Rate
4.42%
Mortgage Type
FHA

Purchase Details

Closed on
May 27, 2005
Sold by
Garland John Leonard
Bought by
Simmons Curtis M and Simmons Kyra T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,950
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 5, 2004
Sold by
Pullen Jerry L
Bought by
Unseth Caleb M

Purchase Details

Closed on
Jun 4, 2001
Sold by
Pullen Jerry L
Bought by
Unseth Caleb M

Purchase Details

Closed on
May 3, 1990
Bought by
Unseth Caleb M

Purchase Details

Closed on
Apr 17, 1990
Bought by
Unseth Caleb M

Purchase Details

Closed on
Apr 1, 1990
Bought by
Unseth Caleb M

Purchase Details

Closed on
Mar 1, 1990
Bought by
Unseth Caleb M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Spraberry Home Rentals Llc -- Permian Abstract
Farnsworth Thomas -- West Tx Abstract & Ttl Co Ll
Unseth Caleb M -- Lone Star Abs & Title Co Inc
Unseth Caleb M -- --
Atkison Randy -- West Texas Abstract & Title
Simmons Curtis M -- None Available
Unseth Caleb M -- --
Unseth Caleb M -- --
Unseth Caleb M -- --
Unseth Caleb M -- --
Unseth Caleb M -- --
Unseth Caleb M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Farnsworth Thomas $260,000
Previous Owner Unseth Caleb M $196,377
Previous Owner Atkison Randy $182,541
Previous Owner Simmons Curtis M $117,950
Source: Public Records

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 $5,049 $327,790 $22,050 $305,740
2024 $5,056 $332,960 $22,050 $310,910
2023 $4,990 $332,960 $22,050 $310,910
2022 $4,787 $306,370 $22,050 $284,320
2021 $5,272 $302,640 $22,050 $280,590
2020 $4,322 $286,230 $22,050 $264,180
2019 $5,067 $267,640 $22,050 $264,180
2018 $4,731 $243,312 $22,050 $221,262
2017 $4,674 $240,410 $22,050 $218,360
2016 $4,443 $228,080 $22,050 $206,030
2015 -- $228,080 $22,050 $206,030
2014 -- $221,340 $0 $0
Source: Public Records

Map

Texas Midland County Midland 79707 Wydewood

5002 Rainbow Rd, Midland, TX

Not Listed for Sale

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