NOT LISTED FOR SALE

518 S Rainbow Dr Hollywood, FL 33021

Hollywood Hills Neighborhood

Estimated Value: $669,080 - $767,000

3 Beds
2 Baths
1,637 Sq Ft
$440/Sq Ft Est. Value

Last Sold August 03, 2020

Last sale price $420,000 $257 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $4,818/month

101 Days on Market

Highlights

  • Concrete Pool
  • No HOA
  • Patio
  • Garden View
  • 2 Car Attached Garage
  • Snack Bar or Counter

About This Home

As of August 2020

Beautifully updated home for sale in Hollywood Florida. Location, Location!!! (Very desired block) This is a 2094 SQFT house on a huge lot, fenced by walls all around. This home features a brand new roof, new electrical network, new porcelain ceramic floors all throughout the beautiful house, brand new light fixtures, just updated kitchen and full restrooms, an inviting amazing pool, huge yards with a brand new sprinkler system that irrigates the front and back yard, parking garage that fits 2 full size cars and much more. You definitely need to check this property out. call us now before it sells, to schedule a walkthrough. You will love it!!!!

Last Agent to Sell the Property

Salvador Hidalgo

The H&R Organization LLC License #3312126 Listed on: 03/26/2020

Last Buyer's Agent

Kristina Novikova

New Level Corp License #3277200

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,084

Year Built

  • Built in 1966

Lot Details

  • 0.25 Acre Lot
  • East Facing Home
  • Fenced
  • Property is zoned RS-5

Parking

  • 2 Car Attached Garage
  • 4 Carport Spaces
  • Automatic Garage Door Opener
  • Driveway
  • Paver Block
  • Open Parking

Property Views

  • Garden
  • Pool

Home Design

  • Tile Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,637 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceramic Tile Flooring
  • Fire and Smoke Detector
  • Snack Bar or Counter

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Concrete Pool
  • Patio

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Hollywood Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 514207030810

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,084

Year Built

Built in 1966

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1966
  • Property Sub Type: Single Family Residence
  • Architectural Style: Attached, One Story
  • Garage Yn: Yes
  • Horses: No
  • New Construction: No
  • Structure Type: Pool Only, House
  • Subdivision Name: HOLLYWOOD HILLS
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater
  • Interior Amenities: First Floor Entry, No Additional Rooms
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Ceramic Floor
  • Furnished: Unfurnished
  • Living Area: 1637
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Investment
  • Bedroom Features: Master Bedroom Ground Level
  • Dining Room Features: Dining/Living Room, Kitchen Dining, Snack Bar/Counter
  • Living Room Features: No Additional Rooms

Exterior Features

  • Roof: Curved/S-Tile Roof
  • View: Garden, Pool
  • Construction Type: CBS Construction
  • Direction Faces: East
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Patio And Porch Features: Patio
  • Pool Features: Automatic Chlorination, Concrete
  • Pool Private: No
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: HOLLYWOOD HILLS
  • Carport Spaces: 4
  • Covered Parking Spaces: 6
  • Garage Spaces: 2
  • Open Parking: Yes
  • Parking Features: Covered, Driveway, Paver Block

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 514207030810
  • Lot Size Sq Ft: 10897
  • Zoning: RS-5
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 3084

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2020
Closed on
Aug 3, 2020
Sold by
Classic East Properties Llc
Bought by
Lea Steven J and Guzanova Halyna
Seller's Agent
Salvador Hidalgo
The H&R Organization LLC
Buyer's Agent
Kristina Novikova
New Level Corp
List Price
$449,000
Sold Price
$420,000
Premium/Discount to List
-$29,000
-6.46%
Current Estimated Value
$721,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,020
Avg. Annual Appreciation
9.82%
Original Mortgage
$350,000
Outstanding Balance
$294,501
Interest Rate
3%
Mortgage Type
Construction
Estimated Equity
$384,034

Purchase Details

Closed on
Aug 27, 2019
Sold by
Elimelech Hana and Elimelech Hana
Bought by
Classic East 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
$160,000
Interest Rate
4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 5, 2019
Sold by
Papageorgiou Juan Antonio
Bought by
Elimelech Hana and 518 S Rainbow Drive Land Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 22, 1995
Sold by
Glick Darwin G and Glick Allen H
Bought by
Papageorgiou Juan Antonio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,500
Interest Rate
7.83%

Purchase Details

Closed on
Feb 1, 1994
Sold by
Available Not
Bought by
Available Not
Source: Public Records

Range of Values:

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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
Lea Steven J $420,000 Attorney
Classic East Properties Llc $160,000 Attorney
Elimelech Hana $220,000 Attorney
Papageorgiou Juan Antonio $127,500 --
Available Not $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lea Steven J $350,000
Previous Owner Elimelech Hana $160,000
Previous Owner Papageorgiou Juan Antonio $250,000
Previous Owner Papageorgiou Juan Antonio $120,000
Previous Owner Papageorgiou Juan Antonio $77,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2020 08/03/20 Sold $420,000 -6.5% $257 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
06/04/2020 06/04/20 For Sale $449,000 0.0% $274 / Sq Ft
05/30/2020 05/30/20 Pending -- -- --
05/06/2020 05/06/20 Price Changed $449,000 -4.5% $274 / Sq Ft
03/22/2020 03/22/20 For Sale $470,000 -- $287 / Sq Ft
Source: MIAMI REALTORS® 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 $11,724 $571,860 -- --
2024 $10,872 $571,860 -- --
2023 $10,872 $472,620 $0 $0
2022 $9,356 $429,660 $0 $0
2021 $8,463 $390,600 $65,380 $325,220
2020 $8,202 $377,370 $65,380 $311,990
2019 $3,084 $173,750 $0 $0
2018 $2,943 $170,520 $0 $0
2017 $2,830 $167,020 $0 $0
2016 $2,817 $163,590 $0 $0
2015 $2,844 $162,460 $0 $0
2014 $2,847 $161,180 $0 $0
2013 -- $204,420 $70,830 $133,590
Source: Public Records

Agents Affiliated with this Home

  • Salvador Hidalgo

    Seller's Agent in 2020

    Salvador Hidalgo

    The H&R Organization LLC

    (786) 537-5873

    22 Total Sales

    Salvador Hidalgo
    Section Image
  • Kristina Novikova

    Buyer's Agent in 2020

    Kristina Novikova

    New Level Corp

    (305) 778-8325

    29 Total Sales

    Kristina Novikova
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10837619

MIAMI REALTORS® MLS

APN: 51-42-07-03-0810

Florida Broward County Hollywood 33021 Hollywood Hills

518 S Rainbow Dr, Hollywood, FL

This home is located at 518 S Rainbow Dr, Hollywood, FL 33021 since 26 March 2020 and is currently estimated at $721,020, approximately $440 per square foot. This property was built in 1966. 518 S Rainbow Dr is a home located in Broward County with nearby schools including Orange Brook Elementary School, Olsen Middle School, and South Broward 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.

MIAMI REALTORS® 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.

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