NOT LISTED FOR SALE

512 E Rainbow Dr Chandler, AZ 85249

Ocotillo Neighborhood

Estimated Value: $523,000 - $552,000

4 Beds
3 Baths
2,053 Sq Ft
$262/Sq Ft Est. Value

Last Sold November 25, 2020

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

Est. 39% increase in value since last sale

Current estimated payment $3,029/month

About This Home

As of November 2020

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.

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
$537,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,953
Avg. Annual Appreciation
7.56%
Original Mortgage
$309,600
Outstanding Balance
$278,625
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$259,328

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
8.68%
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

Range of Values:

Collateral Analytics

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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
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 $144,646
Previous Owner Wallis Daniel H $118,000
Previous Owner Wallis Daniel H $41,100
Previous Owner Wallis Daniel H $164,400
Closed Wallis Daniel H $20,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
05/05/2016 05/05/16 For Sale $250,000 -- $122 / Sq Ft

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 $2,085 $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

    Seller's Agent in 2021

    Devin Snow

    Snow Realty & Property Management

    (480) 688-6079

    1 in this area

    74 Total Sales

    Devin Snow
    Section Image

  • B

    Buyer's Agent in 2021

    Bashir Hassan

    HomeSmart Realty

    (602) 230-7600

    5 Total Sales

    Bashir Hassan
    Section Image
  • Kham Tang

    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

    634 Total Sales

    Brett Tanner
    Section Image

  • S

    Seller Co-Listing Agent in 2016

    Sabrina Song

    Keller Williams Realty Phoenix

    (480) 768-9333

    52 Total Sales

    Sabrina Song
    Section Image
See All Agents

Map

Arizona Maricopa County Chandler 85249 Ocotillo

512 E Rainbow Dr, Chandler, AZ

This home is located at 512 E Rainbow Dr, Chandler, AZ 85249 and is currently estimated at $537,953, approximately $262 per square foot. 512 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.

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