$161,000
SOLD MAR 17, 2023

513 Rainbow Lake Rd Boiling Springs, SC 29316

2 Beds
1 Bath
867 Sq Ft
0.48 Acres

Recently Sold

$186 Per Sq Ft

2% Below List Price

2 Days on Market

Highlights

  • Dual Staircase
  • Deck
  • Fenced Yard
  • Boiling Springs Elementary School Rated A-
  • Attic
  • Front Porch

About This Home

As of March 2023

Don't miss this adorable 2BR/1BA right in the heart of Boiling Springs! Modern colors and finishes, updated bathroom with ceramic tile. Spacious bedrooms allow plenty of natural light. Large fenced back yard is perfect for space to run and play, or have a garden! Storage building to convey. Convenient to both Hwy 9 and I-26 for a short work commute, perfect for first time buyers, downsizing or as an addition to your rental portfolio. Call and schedule your tour today!

Last Agent to Sell the Property

Jason Brackins

OTHER License #107572 Listed on: 02/11/2023

OTHER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $711

Year Built

  • Built in 1933

Lot Details

  • 0.48 Acre Lot
  • Fenced Yard
  • Level Lot
  • Few Trees

Parking

  • Gravel Driveway

Home Design

  • Bungalow
  • Architectural Shingle Roof
  • Vinyl Siding
  • Vinyl Trim

Interior Spaces

  • 867 Sq Ft Home
  • 1-Story Property
  • Dual Staircase
  • Popcorn or blown ceiling
  • Insulated Windows
  • Crawl Space
  • Storage In Attic
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Cooktop
  • Built-In Microwave
  • Dishwasher
  • Laminate Countertops

Flooring

  • Laminate
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Storage Shed
  • Front Porch

Schools

  • Boiling Springs Elementary School
  • Boiling Springs Middle School
  • Boiling Springs High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$711

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Parking Garage: None
  • ExteriorFinish: Vinyl Siding
  • Class: RESIDENTIAL
  • Type: Single Family
  • Estimated Heated Above Grade Sq Ft: 867
  • Estimated Total Heated Sq Ft: 867
  • Estimated Age: 50+
  • Estimated Year Built: 1933
  • Garage Carport2: 0
  • Heating Fuel Type: Electricity
  • Lvt Date: 02/11/2023
  • Sq Ft Range Heated Finsh: 0-699
  • Style: Bungalow
  • Tax Rate: 4%
  • Utility Co Electric: Duke
  • Utility Co Public Water: Sptbg
  • Middle School Jr High School: 2-Boiling Springs
  • O W N E R S F E A T U R E S: Owner on Main Level
  • Section Subdivision: None
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0
  • Year Built: 1933

Interior Features

  • Appliances: Range/Oven, Dishwasher, Disposal, Cook Top - Smooth, Microwave - Built In
  • Master Bedroom: On Level: 1, Size: 10x13
  • Bedroom 2: On Level: 1, Size: 10x11
  • Price Per Sq Ft: 185.7
  • Number Of Stories: 1
  • Dining Room: On Level: 1, Size: 10x12
  • Floors: Ceramic Tile, Laminate Flooring, Luxury Vinyl Tile/Plank
  • Interior Amenities: Smoke Detector, Ceilings-Blown, Countertops-Laminate, 2nd Stair Case
  • Kitchen: On Level: 1, Size: 7x10
  • Living Room: On Level: 1, Size: 11x20
  • Number Of Bedrooms: 2
  • Full Bathrooms: 1
  • Specialty Rooms: Attic, Main Fl Master Bedroom
  • Storage Space: Attic, Out Building (s)

Exterior Features

  • Exterior Features: Deck, Windows - Insulated, Porch-Front, Vinyl/Aluminum Trim
  • Foundation: Crawl Space
  • Roof: Architectural

Garage/Parking

  • Driveway: Gravel, Paved

Utilities

  • Cooling Fuel: Electricity
  • Cooling System: Central Forced
  • Garbage Pickup: Private
  • Heat System: Heat Pump
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Schools

  • School District: 2
  • Elementary School: 2-Boiling Springs
  • Middle School: 2-Boiling Springs
  • High School: 2-Boiling Springs

Lot Info

  • Lot Description: Level, Some Trees, Fenced Yard
  • Number Of Acres: 0.48

Tax Info

  • Year: 2021
  • Taxes Dollar: 711

MLS Schools

  • School District: 2
  • Elementary School: 2-Boiling Springs
  • HighSchool: 2-Boiling Springs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2023
Closed on
Mar 17, 2023
Sold by
Mills Chelsey Nicole
Bought by
Petty Haley
Seller's Agent
Jason Brackins
OTHER
List Price
$165,000
Sold Price
$161,000
Premium/Discount to List
-$4,000
-2.42%
Views
60
Current Estimated Value
$170,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,545
Avg. Annual Appreciation
2.05%
Original Mortgage
$158,083
Outstanding Balance
$153,971
Interest Rate
6.09%
Mortgage Type
FHA
Estimated Equity
$15,235

Purchase Details

Listed on
Sep 3, 2019
Closed on
Oct 4, 2019
Sold by
Rabon Alesa Marina
Bought by
Mills Chelsey Nicole
Seller's Agent
Pam Harrison
KELLER WILLIAMS REALTY
Buyer's Agent
Jason Brackins
OTHER
List Price
$95,000
Sold Price
$104,000
Premium/Discount to List
$9,000
9.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.50%
Original Mortgage
$105,050
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 2017
Sold by
Patco Construction Inc
Bought by
Rabon Alesa Marina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,200
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 27, 2013
Closed on
Feb 4, 2014
Sold by
Fbsa 1 Llc
Bought by
Patco Construction Inc
Seller's Agent
Vitaliy Moroz
SPARTAN REALTY , INC
Buyer's Agent
Leslie Horne
LESLIE HORNE & ASSOCIATES
List Price
$36,000
Sold Price
$29,000
Premium/Discount to List
-$7,000
-19.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.48%

Purchase Details

Closed on
Sep 13, 2013
Sold by
Mcbee Dwayne J
Bought by
Fbsa 1 Llc

Purchase Details

Closed on
Jun 26, 2006
Sold by
Layton David M and Layton Patricia
Bought by
Mcbee Dwayne Jay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.55%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 5, 2005
Sold by
Bass Investment Properties Llc
Bought by
Layton David M and Layton Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
1.4%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 6, 2005
Sold by
Peters James L
Bought by
Bass Investment Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
1.4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $161,000 --
Deed $161,000 --
Deed $104,000 None Available
Deed $60,000 None Available
Limited Warranty Deed $29,000 --
Sheriffs Deed $30,225 --
Deed $53,000 None Available
Warranty Deed $65,000 --
Warranty Deed $43,293 Hanover Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $158,083 FHA
Closed $158,083 FHA
Previous Owner $105,050 New Conventional
Previous Owner $58,200 New Conventional
Previous Owner $50,000 Future Advance Clause Open End Mortgage
Previous Owner $52,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2023 03/17/23 Sold $161,000 -2.4% $186 / Sq Ft
02/13/2023 02/13/23 Pending -- -- --
02/11/2023 02/11/23 For Sale $165,000 +58.7% $190 / Sq Ft
10/04/2019 10/04/19 Sold $104,000 +9.5% $120 / Sq Ft
09/03/2019 09/03/19 Pending -- -- --
09/03/2019 09/03/19 For Sale $95,000 +227.6% $110 / Sq Ft
02/07/2014 02/07/14 Sold $29,000 -19.4% $31 / Sq Ft
01/30/2014 01/30/14 Pending -- -- --
12/27/2013 12/27/13 For Sale $36,000 -- $38 / Sq Ft
Source: Multiple Listing Service of Spartanburg

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 $1,051 $6,440 $1,868 $4,572
2023 $1,051 $4,456 $1,868 $2,588
2022 $713 $4,160 $628 $3,532
2021 $712 $4,160 $628 $3,532
2020 $698 $4,160 $628 $3,532
2019 $427 $2,400 $628 $1,772
2018 $417 $2,400 $628 $1,772
2017 $292 $1,560 $560 $1,000
2016 $876 $2,340 $840 $1,500
2015 $875 $2,340 $840 $1,500
2014 $1,409 $3,888 $1,632 $2,256
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Multiple Listing Service of Spartanburg

MLS Number: SPN297584

Multiple Listing Service of Spartanburg

APN: 2-37-00-021.00