NOT LISTED FOR SALE

506 Misty Ln Rainbow City, AL 35906

Estimated Value: $179,000 - $204,000

2 Beds
2 Baths
1,408 Sq Ft
$137/Sq Ft Est. Value

Last Sold January 05, 2021

Last sale price $127,000 $90 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $1,052/month

Highlights

  • Craftsman Architecture
  • Main Floor Primary Bedroom
  • Two cooling system units
  • John S. Jones Elementary School Rated A-
  • No HOA
  • Multiple Heating Units

About This Home

As of January 2021

Adorable New Orleans style bungalow. 2 bedrooms, 2 bath, perfect garden home style on level well planted lot. Metal roof, vinyl sidings.

Last Agent to Sell the Property

Renee Chambers

Impact Realty, LLC License #41465 Listed on: 11/06/2020

Last Buyer's Agent

Renee Chambers

Impact Realty, LLC License #41465 Listed on: 11/06/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $608

Year Built

  • Built in 1996

Lot Details

  • 0.31

Home Design

  • Craftsman Architecture
  • Slab Foundation

Interior Spaces

  • 1,408 Sq Ft Home
  • Gas Log Fireplace
  • Dishwasher Drawer

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Schools

  • Rainbow Elementary School
  • Southside High School

Utilities

  • Two cooling system units
  • Multiple Heating Units
  • Heating System Uses Natural Gas

Additional Features

  • Raised Dishwasher
  • 0.31 Acre Lot

Community Details

  • No Home Owners Association
  • Druid Park Subdivision

Listing and Financial Details

  • Tax Lot 45
  • Assessor Parcel Number 1509312000006.000

Home Details

Home Type

Single Family

Est. Annual Taxes

$608

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Living Area: 1408
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.31
  • Subdivision Name: Druid Park
  • Architectural Style: Bungalow/Craftsman
  • New Construction: No
  • Property Attached Yn: No
  • Year Built: 1996
  • RoomBedroom1Level: First
  • Kitchen Level: First
  • Special Features: None

Interior Features

  • Total Bedrooms: 2
  • Appliances: Dishwasher Drawer, Refrigerator
  • Full Bathrooms: 2
  • Fireplace Features: Gas Log, One
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Room Living Room Level: First
  • Master Bedroom Master Bedroom Level: First
  • Master Bedroom Master Bedroom Width: 13
  • Room Living Room Area: 300
  • Room Kitchen Area: 120
  • Room Master Bedroom Area: 208

Exterior Features

  • Foundation Details: Slab

Utilities

  • Heating: Central 2, Natural Gas
  • Cooling: Central 2
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Rainbow

Lot Info

  • Parcel Number: 1509312000006.000
  • Lot Size Sq Ft: 13503.6
  • ResoLotSizeUnits: Acres

Green Features

Tax Info

  • Tax Lot: 45

MLS Schools

  • Elementary School: John S Jones Elementary
  • High School: Southside High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2020
Closed on
Jan 5, 2021
Sold by
Faulkner Valerie C
Bought by
Sanders Michelle D
Seller's Agent
Renee Chambers
Impact Realty, LLC
Buyer's Agent
Renee Chambers
Impact Realty, LLC
List Price
$124,900
Sold Price
$127,000
Premium/Discount to List
$2,100
1.68%
Current Estimated Value
$182,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,867
Avg. Annual Appreciation
6.35%
Original Mortgage
$4,445
Outstanding Balance
$2,702
Interest Rate
2.71%
Mortgage Type
New Conventional
Estimated Equity
$165,762

Purchase Details

Closed on
Nov 30, 2015
Bought by
Faulkner Valerie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
3.98%
Mortgage Type
New Conventional
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
Sanders Michelle D $127,000 None Available
Faulkner Valerie C $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanders Michelle D $4,445
Open Sanders Michelle D $124,699
Previous Owner Faulkner Valerie C $95,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2021 04/06/21 Off Market $127,000 -- --
01/05/2021 01/05/21 Sold $127,000 +1.7% $90 / Sq Ft
11/06/2020 11/06/20 Pending -- -- --
11/06/2020 11/06/20 For Sale $124,900 -- $89 / Sq Ft
Source: ValleyMLS.com

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 $608 $16,020 $2,560 $13,460
2023 $647 $16,980 $2,560 $14,420
2022 $533 $14,190 $2,560 $11,630
2021 $410 $11,190 $2,560 $8,630
2020 $410 $11,200 $0 $0
2019 $427 $11,600 $0 $0
2017 $382 $10,520 $0 $0
2016 $863 $21,040 $0 $0
2015 -- $10,520 $0 $0
2013 -- $10,660 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Renee Chambers

    Seller's Agent in 2021

    Renee Chambers

    Impact Realty, LLC

    (256) 490-1943

    21 in this area

    82 Total Sales

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Map

Source: ValleyMLS.com

MLS Number: 1156577

ValleyMLS.com

APN: 15-09-31-2-000-006.000

Alabama Etowah County Rainbow City 35906

506 Misty Ln, Rainbow City, AL

This home is located at 506 Misty Ln, Rainbow City, AL 35906 since 06 November 2020 and is currently estimated at $192,731, approximately $136 per square foot. This property was built in 1996. 506 Misty Ln is a home located in Etowah County with nearby schools including John S. Jones Elementary School, Southside High School, and Rainbow Middle School.

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