NOT LISTED FOR SALE

503 E Rainbow Dr Chandler, AZ 85249

Ocotillo Neighborhood

Estimated Value: $421,146 - $506,000

3 Beds
2 Baths
1,350 Sq Ft
$349/Sq Ft Est. Value

Last Sold May 30, 2017

Last sale price $246,000 $182 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $2,869/month

2 Days on Market

Highlights

  • Community Lake
  • Santa Barbara Architecture
  • 2 Car Direct Access Garage
  • Fulton Elementary School Rated A
  • Covered patio or porch
  • Double Pane Windows

About This Home

As of May 2017

You won't find another home that's been taken care of like this one!!! Not a speck of dust anywhere. Seasonal resident selling immaculately maintained, 3 bed, 2 bath home in desirable Pinelake Village. Great floorplan gives a larger feel than the square footage shows. Open kitchen, large great room and split bedroom plan. Interior and exterior paint just one year old. Garage floors epoxy coated. Community features volleyball, basketball, kid's playground, walking & bike paths, lake and more. Great neighborhood close to schools, shopping and entertainment.

Last Agent to Sell the Property

Debra Lopez

Berkshire Hathaway HomeServices Arizona Properties License #SA669317000 Listed on: 04/28/2017

Berkshire Hathaway HomeServices Arizona Properties

Last Buyer's Agent

Jimmy DeLeo

DeLex Realty License #SA545877000

DeLex Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,156

Year Built

  • Built in 2005

Lot Details

  • 4,265 Sq Ft Lot
  • Desert faces the front of the property
  • Block Wall Fence
  • Front Yard Sprinklers

HOA Fees

  • $120 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener

Home Design

  • Santa Barbara Architecture
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 1,350 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Double Pane Windows
  • Security System Owned

Kitchen

  • Breakfast Bar
  • <<builtInMicrowave>>

Flooring

  • Carpet
  • Linoleum
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 2 Bathrooms

Schools

  • Ira A. Fulton Elementary School
  • Santan Junior High School
  • Hamilton High School

Utilities

  • Refrigerated Cooling System
  • Heating Available
  • Cable TV Available

Additional Features

  • Covered patio or porch
  • Property is near a bus stop

Listing and Financial Details

  • Tax Lot 46
  • Assessor Parcel Number 303-46-783

Community Details

Overview

  • Association fees include ground maintenance, street maintenance, front yard maint
  • Kachina Management Association, Phone Number (623) 572-7579
  • Built by McGee
  • Pinelake Village Subdivision
  • Community Lake

Recreation

  • Community Playground
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,156

Year Built

Built in 2005

Lot Details

0

HOA Fees

$120 per month

Parking

2

Listing Details

  • Cross Street: Arizona Ave. and Chandler Heights
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee 2: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 120.0
  • Basement: N
  • Updated Floors: Partial
  • Items Updated Floor Yr Updated: 2016
  • Updated Kitchen: Partial
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2005
  • Tax Year: 2016
  • Directions: East on Chandler Heights Rd. North on Pinelake Way. East on Bartlett Way. North on Nevada St. Turns into Rainbow Drive.
  • Property Sub Type: Single Family - Detached
  • Horses: No
  • Lot Size Acres: 0.1
  • Subdivision Name: PINELAKE VILLAGE
  • Architectural Style: Santa Barbara/Tuscan
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Assessor
  • Association Fees:HOA Fee2: 120.0
  • Dining Area:Breakfast Bar: Yes
  • Windows:Dual Pane: Yes
  • Technology:Cable TV Avail: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Linoleum, Tile
  • Basement YN: No
  • Possible Use: None
  • Spa Features: None
  • Possible Bedrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Breakfast Bar, 9+ Flat Ceilings, Full Bth Master Bdrm
  • Living Area: 1350.0
  • Stories: 1
  • Window Features: Dual Pane
  • Fireplace:No Fireplace: Yes
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Community Features:BikingWalking Path: Yes
  • Other Rooms:Great Room: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Community Features:Near Bus Stop: Yes
  • Community Features:Lake Subdivision: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Covered Patio(s), Patio
  • Lot Features: Sprinklers In Front, Desert Front, Gravel/Stone Back
  • Pool Features: None
  • Pool Private: No
  • Disclosures: Seller Discl Avail
  • Construction Type: Painted, Stucco, Frame - Wood
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Dir Entry frm Garage, Electric Door Opener
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0
  • Parking Features:Dir Entry frm Garage: Yes
  • Parking Features:Electric Door Opener: Yes

Utilities

  • Cooling: Refrigeration, Programmable Thmstat
  • Heating: Electric
  • Security: Security System Owned
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Near Bus Stop, Lake Subdivision, Playground, Biking/Walking Path
  • Association Fee: 120.0
  • Association Fee Frequency: Monthly
  • Association Name: Kachina Management
  • Phone: 623-572-7579
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA Transfer Fee2: 360.0
  • Association Fees:HOA Paid Frequency: Monthly
  • Association Fees:HOA Name4: Kachina Management
  • Association Fees:HOA Telephone4: 623-572-7579
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 230.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fee Incl:Common Area Maint3: Yes
  • Association Fees:Cap ImprovementImpact Fee 2 _percent_: $
  • Association Fee Incl:Front Yard Maint: Yes
  • Association Fee Incl:Street Maint: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Street Maint, Front Yard Maint

Schools

  • Elementary School: Ira A. Fulton Elementary
  • High School: Hamilton High School
  • Junior High Dist: Chandler Unified District
  • Middle Or Junior School: Santan Junior High School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 4265.0
  • Parcel #: 303-46-783
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: McGee

Tax Info

  • Tax Annual Amount: 1156.0
  • Tax Book Number: 303.00
  • Tax Lot: 46
  • Tax Map Number: 46.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2017
Closed on
May 26, 2017
Sold by
Markowsky Bradly J and Markowsky Crystal L
Bought by
Markowsky Bradly and Markowsky Crystal
Seller's Agent
Debra Lopez
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Jimmy DeLeo
DeLex Realty
List Price
$248,900
Sold Price
$246,000
Premium/Discount to List
-$2,900
-1.17%
Current Estimated Value
$471,037

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,037
Avg. Annual Appreciation
8.46%
Original Mortgage
$193,600
Outstanding Balance
$162,825
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$313,876

Purchase Details

Listed on
Apr 28, 2017
Closed on
May 17, 2017
Sold by
Stewart Daniel and Stewart Jane
Bought by
Markowsky Bradly J and Markowsky Crystal L
Seller's Agent
Debra Lopez
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Jimmy DeLeo
DeLex Realty
List Price
$248,900
Sold Price
$246,000
Premium/Discount to List
-$2,900
-1.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,600
Outstanding Balance
$162,825
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$313,876

Purchase Details

Closed on
Jul 6, 2005
Sold by
Stewart Daniel
Bought by
Stewart Daniel and Stewart Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 24, 2005
Sold by
Cabrera Carlos M
Bought by
Stewart Daniel and Stewart Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 10, 2005
Sold by
Stewart Jane
Bought by
Stewart Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 6, 2004
Sold by
Cgs 104 Llc
Bought by
Cabrera Carlos M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,653
Interest Rate
9.25%
Mortgage Type
New Conventional
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
Markowsky Bradly -- Accommodation
Markowsky Bradly J $294,000 Greystone Title Agency Llc
Stewart Daniel -- --
Stewart Daniel $260,000 Capital Title Agency Inc
Stewart Daniel -- Capital Title Agency Inc
Cabrera Carlos M $194,059 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Markowsky Bradly J $193,600
Previous Owner Stewart Daniel $50,000
Previous Owner Stewart Daniel $208,000
Previous Owner Stewart Daniel $208,000
Previous Owner Cabrera Carlos M $174,653
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2017 05/30/17 Sold $246,000 -1.2% $182 / Sq Ft
04/30/2017 04/30/17 Pending -- -- --
04/28/2017 04/28/17 For Sale $248,900 -- $184 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $1,679 $18,249 -- --
2024 $1,647 $17,380 -- --
2023 $1,647 $30,870 $6,170 $24,700
2022 $1,595 $24,480 $4,890 $19,590
2021 $1,639 $23,230 $4,640 $18,590
2020 $1,630 $21,580 $4,310 $17,270
2019 $1,573 $19,420 $3,880 $15,540
2018 $1,528 $17,350 $3,470 $13,880
2017 $1,436 $17,160 $3,430 $13,730
2016 $1,156 $15,300 $3,060 $12,240
2015 $1,120 $13,350 $2,670 $10,680
Source: Public Records

Agents Affiliated with this Home

  • Debra Lopez

    Seller's Agent in 2017

    Debra Lopez

    Berkshire Hathaway HomeServices Arizona Properties

    (480) 599-6231

    1 in this area

    143 Total Sales

    Debra Lopez
    Section Image
  • Jimmy DeLeo

    Buyer's Agent in 2017

    Jimmy DeLeo

    DeLex Realty

    (480) 756-9922

    2 in this area

    28 Total Sales

    Jimmy DeLeo
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5597260

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-46-783

Arizona Maricopa County Chandler 85249 Ocotillo

503 E Rainbow Dr, Chandler, AZ

This home is located at 503 E Rainbow Dr, Chandler, AZ 85249 since 28 April 2017 and is currently estimated at $471,037, approximately $348 per square foot. This property was built in 2005. 503 E Rainbow Dr is a home located in Maricopa County with nearby schools including Fulton Elementary School, Santan Junior High School, and Hamilton 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.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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