NOT LISTED FOR SALE

518 Rainbow Springs Loop Groveland, FL 34736

Estimated Value: $294,000 - $354,000

3 Beds
2.5 Baths
1,629 Sq Ft
$194/Sq Ft Est. Value

Last Sold August 20, 2021

Last sale price $260,000 $160 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,240/month

4 Days on Market

Highlights

  • Waterfront Community
  • Gated Community
  • Bonus Room
  • Boat Ramp
  • Main Floor Primary Bedroom
  • High Ceiling

About This Home

As of August 2021

Live a low maintenance Florida resort lifestyle in this fantastic 3 bed 2 and half bath townhome with large bonus room. Upgraded kitchen with island, Corian counter tops, 42 inch cupboards, stainless appliances and recess lighting. Open plan living and dinning areas lead into the master en suite with walk in closet. Two roomy bedrooms upstairs with full bathroom consisting of dual sinks, shower and bath, large bonus office/play/craft area. This home has very nice quality cupboards, counter tops , fans and appliances.
Patio off kitchen with plenty of space for table and chairs outside dinning. Cute front porch for morning coffee and to top it off a two car rear entry garage. The community is beautiful with resort pool and slide, playgrounds, tennis court, basket ball, soccer area, gym and more!

Last Agent to Sell the Property

Max Parsons

FLORIDA REALTY INVESTMENTS License #628542 Listed on: 07/07/2021

FLORIDA REALTY INVESTMENTS

Last Buyer's Agent

Max Parsons

FLORIDA REALTY INVESTMENTS License #628542 Listed on: 07/07/2021

FLORIDA REALTY INVESTMENTS

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,009

Year Built

  • Built in 2014

Lot Details

  • 3,425 Sq Ft Lot
  • East Facing Home
  • Vinyl Fence

HOA Fees

  • $199 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Alley Access

Home Design

  • Bi-Level Home
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,629 Sq Ft Home
  • High Ceiling
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room
  • Bonus Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Outdoor Features

  • Boat Ramp
  • Patio
  • Exterior Lighting
  • Front Porch

Utilities

  • Central Air
  • Heating Available
  • Thermostat
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, ground maintenance, pool maintenance, recreational facilities
  • Sarah Association, Phone Number (352) 325-7499
  • Visit Association Website
  • Groveland Waterside Pointe Ph 01 Subdivision
  • Rental Restrictions

Recreation

  • Waterfront Community
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Park

Pet Policy

  • Pets Allowed

Security

  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,009

Year Built

Built in 2014

Lot Details

0

HOA Fees

$199 per month

Parking

2

Listing Details

  • HOA Fee Includes: Community Pool, Maintenance Grounds, Pool Maintenance, Recreational Facilities
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Townhouse
  • Construction Materials: Block, Stucco, Wood Frame
  • Fireplace: No
  • Living Area: 1629
  • Lot Size Acres: 0.08
  • New Construction: No
  • Year Built: 2014
  • Lot Size Sq Ft: 3425
  • Directions to Property: Take 50 West toward Groveland. Turn Right into Waterside onto Waterside Point Drive. Right onto Blue Cypress Dr. Turn right onto Rainbow Springs Loop Home on Right
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/O5956460?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/O5956460?w=Customer
  • Homestead Y N: Yes
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1.04
  • Price per Sq Ft: 159.61
  • Close to Original List Price Ratio: 1.04
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour
  • Stories: 0

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: High Ceiling(s), Living Room/Dining Room Combo, Master Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: Two
  • Window Features: Blinds
  • Street Number Modifier: 518
  • Room Count: 4
  • Additional Rooms: Bonus Room

Exterior Features

  • Direction Faces: East
  • Exterior Features: Lighting, Sidewalk, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Front Porch, Patio
  • Road Surface Type: Paved
  • Water Extras: Boat Ramp - Private
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: Yes
  • Disclosures: HOA/PUD/Condo Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Alley Access
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: In Kitchen, Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Gated Community, Park, Playground, Pool, Sidewalk, Tennis Courts, Waterfront
  • Association Fee: 199
  • Association Fee Frequency: Monthly
  • Association Name: Sarah
  • Phone: 352-325-7499
  • Association: Yes
  • Senior Community: No
  • Association Website: WSPHOA.COM
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 2388
  • Monthly HOA Fee: 199
  • Total Monthly Fees: 199

Lot Info

  • Parcel Number: 22-22-25-0010-000-10800
  • Additional Parcels: No
  • Fencing: Vinyl
  • Flood Zone Code: x

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 1-2 Years
  • Pet Restrictions: Buyer to verify all pet restrictions with the HOA and Lake county
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: All Lease restrictions to be verified bu Buyer and buyers agent with the HOA.

Tax Info

  • Tax Annual Amount: 2008.99
  • Tax Block: 000
  • Tax Book Number: 63-13-21
  • Tax Lot: 108

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2021
Closed on
Aug 20, 2021
Sold by
Rosenbaum Liana R and Rosenbaum Ariana F
Bought by
Herzig Harry and Herzig Kerry
Seller's Agent
Max Parsons
FLORIDA REALTY INVESTMENTS
Buyer's Agent
Max Parsons
FLORIDA REALTY INVESTMENTS
List Price
$250,000
Sold Price
$260,000
Premium/Discount to List
$10,000
4%
Current Estimated Value
$315,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,736
Avg. Annual Appreciation
5.10%
Original Mortgage
$208,000
Outstanding Balance
$191,315
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$126,515

Purchase Details

Closed on
Jul 25, 2016
Sold by
Schmelzle Gina M Papa
Bought by
Rosenbaum Heath W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,920
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2014
Sold by
The Ryland Group Inc
Bought by
Schmelzle Gina M Papa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,666
Interest Rate
4.2%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Herzig Harry $260,000 Title Warehouses Of America
Rosenbaum Heath W $174,900 Premier Title Central Fl Llc
Schmelzle Gina M Papa $156,490 Ryland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herzig Harry $208,000
Previous Owner Rosenbaum Heath W $139,920
Previous Owner Schmelzle Gina M Papa $148,666
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2021 08/20/21 Sold $260,000 +4.0% $160 / Sq Ft
07/10/2021 07/10/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $250,000 -- $153 / 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 $3,876 $250,886 $50,000 $200,886
2024 $3,876 $250,886 $50,000 $200,886
2023 $3,876 $244,857 $50,000 $194,857
2022 $4,184 $264,857 $70,000 $194,857
2021 $3,354 $186,956 $0 $0
2020 $2,009 $151,910 $0 $0
2019 $2,035 $148,495 $0 $0
2018 $1,945 $145,727 $0 $0
2017 $1,960 $145,727 $0 $0
2016 $2,666 $136,802 $0 $0
2015 $1,809 $129,721 $0 $0
2014 $376 $18,275 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Max Parsons

    FLORIDA REALTY INVESTMENTS

    (407) 325-0206

    43 Total Sales

    Max Parsons
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: O5956460

Stellar MLS

APN: 22-22-25-0010-000-10800

Florida Lake County Groveland 34711

518 Rainbow Springs Loop, Groveland, FL

This home is located at 518 Rainbow Springs Loop, Groveland, FL 34736 since 07 July 2021 and is currently estimated at $315,736, approximately $193 per square foot. This property was built in 2014. 518 Rainbow Springs Loop is a home located in Lake County with nearby schools including South Lake Montessori School, Wesley Christian Academy, and Integrity Christian Academy.

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.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

Nearby Homes