NOT LISTED FOR SALE

512 E Rainbow Dr Chandler, AZ 85249

Ocotillo Neighborhood

Estimated Value: $477,000 - $592,000

4 Beds
3 Baths
2,053 Sq Ft
$255/Sq Ft Est. Value

Sale Details

Date Sold: November 25, 2020

Last sale price $387,000 $189 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $2,956 / mo

Highlights

  • Santa Barbara Architecture
  • Granite Countertops
  • Double Pane Windows
  • Fulton Elementary School Rated A
  • Eat-In Kitchen
  • Double Vanity

About This Home

As of February 2021

4 bedroom with 3 full bathrooms. One bedroom and a full bathroom on main level. Granite counter tops in kitchen, refrigerator included. All laminate wood floor. Front yard landscape maintained by the HOA. Low maintenance backyard with artificial grass. Close to schools, Walking/Running Trails, shopping, and freeway access. $2300 + 1.5% rental tax.

Last Agent to Rent the Property

Devin Snow

Snow Realty & Property Management License #BR570500000 Listed on: 12/01/2020

Last Renter's Agent

Bashir Hassan

HomeSmart Realty License #SA567618000

HomeSmart Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2004

Lot Details

  • 4,265 Sq Ft Lot
  • Block Wall Fence
  • Artificial Turf
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer

Parking

  • 2 Car Garage

Home Design

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

Interior Spaces

  • 2,053 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Laminate Flooring

Kitchen

  • Eat-In Kitchen
  • Built-In Microwave
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 3 Bathrooms
  • Double Vanity

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio

Schools

  • Ira A. Fulton Elementary School
  • San Tan Foothills High Middle School
  • Hamilton High School

Utilities

  • Central Air
  • Heating Available

Community Details

  • Property has a Home Owners Association
  • Pinelake Village HOA, Phone Number (623) 572-7579
  • Built by MAGEE
  • Pinelake Village Subdivision

Listing and Financial Details

  • Property Available on 12/1/20
  • $30 Move-In Fee
  • 12-Month Minimum Lease Term
  • $30 Application Fee
  • Tax Lot 28
  • Assessor Parcel Number 303-46-765

Home Details

Home Type

Single Family

Year Built

Built in 2004

Lot Details

4,265 Sq Ft Lot

Parking

2

Rental Info

  • HOA Paid By: Landlord
  • Rent Includes: None
  • Available Date: 2020-12-01

Listing Details

  • Cross Street: Arizona Ave and Chandler Height
  • Legal Info Range: 5E
  • Property Type: Residential Lease
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 2.0
  • Parking Spaces Total Covered Spaces: 2.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 2004
  • Rental Info H O A Fee Paid Freq: Monthly
  • Rental Info H O A Name: PineLake Village HOA
  • Non Assistive Animals: Lessor Approval
  • Rental Info Rental Tax Percent: 1.5
  • Initial Move In Costs Application Fee: 30.0
  • Lease Term Minimum Lease Term Months: 12
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.1
  • Subdivision Name: PINELAKE VILLAGE
  • Architectural Style: Santa Barbara/Tuscan
  • Property Attached Yn: No
  • Windows:Dual Pane: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Water2: Yes
  • Special Features: None

Interior Features

  • Flooring: Laminate
  • Basement YN: No
  • Furnished: Unfurnished
  • Spa Features: None
  • Total Bedrooms: 4
  • Fireplace Features: No Fireplace
  • Fireplace: No
  • Interior Amenities: Granite Counters, Double Vanity, Upstairs, Eat-in Kitchen, Full Bth Master Bdrm
  • Living Area: 2053.0
  • Stories: 2
  • Window Features: Dual Pane
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Granite Countertops: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Master Bathroom:Double Vanity: Yes

Exterior Features

  • Fencing: Block
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Gravel/Stone Front, Synthetic Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Disclosures: None
  • Construction Type: Stucco, Wood Frame, Painted
  • Patio And Porch Features: Patio
  • Roof: Tile
  • Exterior Features:Patio: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Garage Spaces: 2.0
  • Open Parking Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Dryer Included, Washer Included
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association Name: PineLake Village HOA
  • Phone: 623-572-7579
  • Association: Yes
  • Pets Allowed: Lessor Approval

Schools

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

Lot Info

  • Lot Size Sq Ft: 4265.0
  • Parcel #: 303-46-765

Building Info

  • Builder Name: MAGEE

Tax Info

  • Tax Book Number: 303.00
  • Tax Lot: 28
  • Tax Map Number: 46.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2020
Closed on
Oct 30, 2020
Sold by
Tang Michael V and Tang Trang T
Bought by
Paramasivam Kumaraguru and Thennarassu Mugilarasi
Seller's Agent
Kham Tang
Realty ONE Group
Buyer's Agent
Non-MLS Agent
Non-MLS Office
List Price
$398,000
Sold Price
$387,000
Premium/Discount to List
-$11,000
-2.76%
Current Estimated Value
$515,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,887
Avg. Annual Appreciation
5.81%
Original Mortgage
$309,600
Outstanding Balance
$275,500
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$247,605

Purchase Details

Closed on
Oct 11, 2016
Sold by
Tang Michael
Bought by
Tang Michael and Tran Trang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2016
Sold by
Tran Trang and Tang Michael
Bought by
Tang Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.44%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 5, 2016
Closed on
Jun 23, 2016
Sold by
Lam Huy Cam
Bought by
Tang Michael
Seller's Agent
Brett Tanner
Keller Williams Realty Phoenix
Buyer's Agent
Kham Tang
Realty ONE Group
List Price
$250,000
Sold Price
$254,000
Premium/Discount to List
$4,000
1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.62%
Original Mortgage
$220,000
Interest Rate
3.44%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 5, 2016
Closed on
May 20, 2016
Sold by
Lam Lan and Lam Huy Cam
Bought by
Lam Huy Cam
Seller's Agent
Brett Tanner
Keller Williams Realty Phoenix
Buyer's Agent
Kham Tang
Realty ONE Group
List Price
$250,000
Sold Price
$254,000
Premium/Discount to List
$4,000
1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2004
Sold by
Cgs 104 Llc
Bought by
Wallis Daniel H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,400
Interest Rate
5.7%
Mortgage Type
New Conventional
Source: Public Records
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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
Paramasivam Kumaraguru $387,000 First American Title Ins Co
Tang Michael -- Accommodation
Tang Michael -- Great American Title Agency
Tang Michael $240,000 Great American Title Agency
Lam Huy Cam -- Great American Title Agency
Lam Huy Cam $254,000 Great American Title Agency
Wallis Daniel H $205,523 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paramasivam Kumaraguru $309,600
Previous Owner Tang Michael $220,000
Previous Owner Tang Michael $220,000
Previous Owner Wallis Daniel H $164,400
Closed Wallis Daniel H $20,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2021 02/01/21 Rented $2,300 0.0% --
01/22/2021 01/22/21 Under Contract -- -- --
12/01/2020 12/01/20 For Rent $2,300 0.0% --
11/25/2020 11/25/20 Sold $387,000 -2.8% $189 / Sq Ft View Prior Sale
10/30/2020 10/30/20 Pending -- -- --
10/23/2020 10/23/20 For Sale $398,000 +56.7% $194 / Sq Ft
05/27/2016 05/27/16 Sold $254,000 +1.6% $124 / Sq Ft View Prior Sale
05/05/2016 05/05/16 For Sale $250,000 -- $122 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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 $2,118 $22,708 -- --
2024 $2,049 $21,627 -- --
2023 $2,049 $36,700 $7,340 $29,360
2022 $1,985 $28,900 $5,780 $23,120
2021 $2,040 $27,410 $5,480 $21,930
2020 $1,720 $25,630 $5,120 $20,510
2019 $1,654 $23,270 $4,650 $18,620
2018 $1,602 $20,850 $4,170 $16,680
2017 $1,493 $21,010 $4,200 $16,810
2016 $1,438 $18,900 $3,780 $15,120
2015 $1,394 $16,650 $3,330 $13,320
Source: Public Records

Agents Affiliated with this Home

  • D

    Landlord's Agent in 2021

    Devin Snow

    Snow Realty & Property Management

    (480) 688-6079

    64 Total Sales

    Devin Snow
    Section Image

  • B

    Tenant's Agent in 2021

    Bashir Hassan

    HomeSmart Realty

    (602) 230-7600

    5 Total Sales

    Bashir Hassan
    Section Image

  • K

    Seller's Agent in 2020

    Kham Tang

    Realty One Group

    Section Image

  • N

    Buyer's Agent in 2020

    Non-MLS Agent

    Non-MLS Office

  • Brett Tanner

    Seller's Agent in 2016

    Brett Tanner

    Keller Williams Realty Phoenix

    (623) 688-1710

    2 in this area

    494 Total Sales

    Brett Tanner
    Section Image

  • S

    Seller Co-Listing Agent in 2016

    Sabrina Song

    Keller Williams Realty Phoenix

    (480) 768-9333

    2 Total Sales

    Sabrina Song
    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6166466

Arizona Regional Multiple Listing Service (ARMLS)

APN: 303-46-765

Arizona Maricopa County Chandler 85249 Ocotillo

512 E Rainbow Dr, Chandler, AZ

Not Listed for Sale

Detached

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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