NOT LISTED FOR SALE

515 Rainbow Blvd Lady Lake, FL 32159

Estimated Value: $201,000 - $238,000

2 Beds
2 Baths
972 Sq Ft
$226/Sq Ft Est. Value

Last Sold November 24, 2020

Last sale price $170,000 $175 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,508/month

27 Days on Market

Highlights

  • Golf Course Community
  • Fishing
  • Gated Community
  • Fitness Center
  • Senior Community
  • Open Floorplan

About This Home

As of November 2020

The CUTEST, affordable, UPGRADED, cozy cottage style ranch home, (under 1000 SF) with two bedrooms, two baths, a living room with a solar tube for added light and a front 10'x8' enclosed Florida room(9x7)with casement sliding windows is now available. The open/eat in kitchen w/ a mobile island has nice Formica countertops, nice cabinets and efficient working space. Located in one of the biggest 55+ golf communities in Florida, The Villages offers the most recreation opportunities, w/ a low amenity fee of just $155.18 per month. Enjoy shopping, pools, golf, getting to restaurants and medical services all of which can be accessed with a golf cart! This home can be purchased turn key, which is a bonus, (furnishing, dishes, linens, etc.) or the owner can remove the personal contents, which ever works best for the buyer. New in 2020 is the S/S refrigerator & dishwasher, S/S convection range new 2018, Air conditioner & architectural shingle roof new in 2016. The washer and dryer are available but convey 'AS IS" Condition. If you like privacy you will love the large deck on the back of the home with nice trees that provide plenty of shade. You will like the parking space and storage in the oversized 16'x24' attached garage with an attached 19'x7' laundry rm. w/a utility sink. A rare find for someone looking for the perfect smaller space to call home. Bring your decorating style and make this one adorable! NO Bond or maintenance fees associated with this The Villages property by The Villages. This area of The Villages is under revitalization, the rec. center will be improved and new homes are coming in. There are many waterfront parks in the area to enjoy as well. Easy to show, by appt. only. Please do not go on the property without an approved appointment by the listing agent.

Last Agent to Sell the Property

Cheryl Pecoraro

RE/MAX FOXFIRE - LADY LAKE License #3340056 Listed on: 09/24/2020

RE/MAX FOXFIRE - LADY LAKE

Last Buyer's Agent

Christopher Murphree

CHARLES RUTENBERG REALTY ORLANDO License #3093970

CHARLES RUTENBERG REALTY ORLANDO

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,600

Year Built

  • Built in 1990

Lot Details

  • 5,400 Sq Ft Lot
  • Lot Dimensions are 60x90
  • South Facing Home
  • Mature Landscaping
  • Metered Sprinkler System
  • Property is zoned MX-8

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Open Parking
  • Golf Cart Parking

Home Design

  • Ranch Style House
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 972 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Skylights
  • Window Treatments
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Convection Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting

Utilities

  • Humidity Control
  • Central Air
  • Heat Pump System
  • Thermostat
  • Underground Utilities
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

Community Details

Overview

  • Senior Community
  • No Home Owners Association
  • Optional Additional Fees
  • Association fees include 24-hour guard, common area taxes, community pool, manager, pool maintenance, recreational facilities, security, trash
  • The Villages Association, Phone Number (352) 751-3900
  • The Villages Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions, allowable golf cart usage in the community, vehicle restrictions

Amenities

  • Clubhouse
  • Community Storage Space

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Basketball Court
  • Pickleball Courts
  • Recreation Facilities
  • Shuffleboard Court
  • Fitness Center
  • Community Pool
  • Community Spa
  • Fishing
  • Park
  • Trails

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,600

Year Built

Built in 1990

Lot Details

0

Parking

1

Listing Details

  • HOA Fee Includes: 24-Hour Guard, Common Area Taxes, Community Pool, Manager, Pool Maintenance, Recreational Facilities, Security, Trash
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Construction Materials: Vinyl Siding
  • Fireplace: No
  • Living Area: 972
  • Lot Size Acres: 0.12
  • New Construction: No
  • Year Built: 1990
  • Lot Size Sq Ft: 5400
  • Directions to Property: Starting from US 27/441 TURN ONTO GRIFFIN AVE, LEFT ON SHAY BLVD. AT THE VILLAGES GUARD SHACK. TURN RT. ONTO JASON DR., LF. ON JOE ST., RT. ON RAINBOW BLVD. HOME IS YELLOW AND ON THE LEFT.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5033803?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/G5033803?w=Customer
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Ratio: Close Price\List Price: 0.97198
  • Price per Sq Ft: 174.9
  • Close to Original List Price Ratio: 0.91942
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, Master Bedroom Main Floor, Open Floorplan, Skylight(s), Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Window Features: Window Treatments
  • Street Number Modifier: 515
  • Room Count: 9

Exterior Features

  • Direction Faces: South
  • Exterior Features: Irrigation System, Lighting, Sprinkler Metered
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Deck, Patio
  • Road Surface Type: Asphalt, Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12069C0160E
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener, Golf Cart Parking
  • Covered Parking Spaces: 1
  • Open Parking: Yes

Utilities

  • Utilities: BB/HS Internet Available, Electricity Connected, Fiber Optics, Public, Sewer Connected, Sprinkler Meter, Street Lights, Underground Utilities
  • Cooling: Central Air, Humidity Control
  • Heating: Electric, Heat Pump
  • Laundry Features: Inside, In Garage, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Deed Restrictions, Fishing, Fitness, Gated Community, Golf Carts OK, Golf, Park, Pool, Sidewalk, Tennis Courts
  • Association Amenities: Basketball Court, Clubhouse, Fitness Center, Gated, Golf Course, Optional Additional Fees, Pickleball Court(s), Pool, Recreation Facilities, Security, Shuffleboard Court, Spa/Hot Tub, Storage, Tennis Court(s), Trail(s), Vehicle Restrictions
  • Association Name: The Villages
  • Phone: 352-751-3900
  • Association: No
  • Security: Gated Community, Smoke Detector(s)
  • Senior Community: Yes
  • Amenities Additional Fees: Some clubs, Golf and priority pools.
  • Complex Community Name NCCB: OBG
  • Association Fee Requirement: None
  • Association Approval Required YN: No

Lot Info

  • Zoning: MX-8
  • Parcel Number: 06-18-24-0394-000-30810
  • Additional Parcels: No
  • Lot Dimensions: 60x90
  • Flood Zone Code: X
  • Flood Zone Date: 2012-12-18

Rental Info

  • Furnished: Negotiable
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 2600
  • Tax Block: 000
  • Tax Book Number: 29-42-45
  • Tax Lot: 3081

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2020
Closed on
Nov 24, 2020
Sold by
Durham Jackie G and Durham Linda J
Bought by
Thompson Debra B
Seller's Agent
Cheryl Pecoraro
RE/MAX FOXFIRE - LADY LAKE
Buyer's Agent
Christopher Murphree
CHARLES RUTENBERG REALTY ORLANDO
List Price
$184,900
Sold Price
$170,000
Premium/Discount to List
-$14,900
-8.06%
Current Estimated Value
$226,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,317
Avg. Annual Appreciation
6.42%
Original Mortgage
$136,000
Outstanding Balance
$122,666
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$105,627

Purchase Details

Closed on
Oct 30, 2015
Sold by
Oprea Daniel C and Oprea Denise A
Bought by
Durham Jackie G and Durham Linda J

Purchase Details

Closed on
Dec 15, 1997
Sold by
Purcell Daniel B
Bought by
Oprea Daniel C and Oprea Denise A
Source: Public Records

Range of Values:

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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
Thompson Debra B $170,000 Atlas Title Agency Llc
Durham Jackie G $140,000 Attorney
Oprea Daniel C $47,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Debra B $136,000
Previous Owner Durham Jackie G $133,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2020 11/24/20 Sold $170,000 -2.8% $175 / Sq Ft
10/21/2020 10/21/20 Pending -- -- --
10/16/2020 10/16/20 Price Changed $174,900 -5.4% $180 / Sq Ft
09/24/2020 09/24/20 For Sale $184,900 -- $190 / Sq Ft
Source: Stellar MLS

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 $3,305 $203,043 $63,250 $139,793
2024 $3,305 $203,043 $63,250 $139,793
2023 $3,305 $199,153 $63,250 $135,903
2022 $3,059 $173,853 $37,950 $135,903
2021 $2,730 $151,439 $0 $0
2020 $2,754 $143,829 $0 $0
2019 $2,600 $132,414 $0 $0
2018 $2,509 $131,268 $0 $0
2017 $2,445 $127,073 $0 $0
2016 $2,483 $127,122 $0 $0
2015 $2,135 $103,291 $0 $0
2014 $700 $70,105 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: G5033803

Stellar MLS

APN: 06-18-24-0394-000-30810