NOT LISTED FOR SALE

53 Rainbow Ln Gaines, PA 16921

Estimated Value: $40,000 - $117,000

2 Beds
1 Bath
676 Sq Ft
$93/Sq Ft Est. Value

Sale Details

Date Sold: December 17, 2021

Last sale price $34,000 $50 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $373 / mo

Highlights

  • Wooded Lot
  • No HOA
  • Lot Has A Rolling Slope
  • Wood Flooring
  • Bathroom on Main Level
  • Wood Burning Fireplace

About This Home

As of December 2021

With some TLC this cabin would be a great getaway. Seller has done some updates, including fixing the roof, new electric panel, shoring up the pillars and cutting down some trees to give more sunlight. Cabin is tucked away on a one acre lot with lots of possibilities, nice wood floors with two bedrooms. Being sold as is. There is no road maintenance. Come take a look at this today.

Last Agent to Sell the Property

Judith Fry

Howard Hanna Professionals-Wellsboro Brokerage Phone: 5707231600 License #RS326442 Listed on: 11/06/2021

Howard Hanna Professionals-Wellsboro

Last Buyer's Agent

Kevin Busch

Howard Hanna Professionals-Wellsboro License #RS330785

Howard Hanna Professionals-Wellsboro

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 1 Acre Lot
  • Lot Has A Rolling Slope
  • Wooded Lot

Home Design

  • Cabin
  • Pillar, Post or Pier Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 676 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Bathroom

Utilities

  • No Cooling
  • Heating Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

1 Acres

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Lot Size Acres: 1
  • Road Frontage Type: Other
  • Road Surface Type: Gravel
  • Inclusions: Refrigerator
  • Directions: From Gaines going west approximately two miles, turn right onto Mt. Laurel Lane go up hill and stay to your right and continue to the "Y", stay right again, you will be on Rainbow Lane see sign on the left.
  • Architectural Style: Ranch, Cabin/Cottage
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 1
  • Year Built: 1950
  • Attribution Contact: 5707231600
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Refrigerator
  • Has Basement: None
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Wood, Vinyl
  • Interior Amenities: First Floor Bedroom, Cell Service Available, First Floor Bathroom
  • Living Area: 676

Exterior Features

  • Lot Features: Out of Town, Wooded
  • Topography: Sloping
  • Disclosures: Disclosure Form
  • Construction Type: Vinyl Siding
  • Foundation Details: Pillar/Post/Pier
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: None

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Wood Stove
  • Heating Yn: Yes
  • Electric: 100 Amp Service, Circuit Breakers, Penelec
  • Electricity On Property: Yes
  • Sewer: Privy
  • Water Source: None
  • Gas: UGI

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Galeton Area

Lot Info

  • Lot Size Sq Ft: 43560
  • Farm Land Area Units: Square Feet
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Green Features

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1083
  • Tax Map Number: 15/ 0.400/ 134./ /000
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2021
Closed on
Dec 16, 2021
Sold by
Lewis Alex M
Bought by
Pierce Michael E and Pierce Jessica Meagan
Seller's Agent
Judith Fry
Howard Hanna Professionals-Wellsboro
Buyer's Agent
Kevin Busch
Howard Hanna Professionals-Wellsboro
List Price
$39,999
Sold Price
$34,000
Premium/Discount to List
-$5,999
-15%
Current Estimated Value
$62,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,731
Avg. Annual Appreciation
15.12%
Original Mortgage
$34,000
Outstanding Balance
$30,808
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$31,923

Purchase Details

Listed on
Aug 2, 2021
Closed on
Sep 22, 2021
Sold by
Mcsherry Christopher and Mcsherry Amber M
Bought by
Lewis Alex M
Seller's Agent
David Earle
Pine Creek Real Estate (G)
Buyer's Agent
Judith Fry
Howard Hanna Professionals-Wellsboro
List Price
$35,000
Sold Price
$35,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.84%

Purchase Details

Closed on
Oct 6, 2015
Sold by
Wineholt Bonnie A and Lau George S
Bought by
Mcsherry Christopher and Test Adam
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Pierce Michael E $34,000 Cornerstone Abstract & Stlmt
Lewis Alex M $30,000 Cornerstone Abstract & Stlmt
Mcsherry Christopher -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pierce Michael E $34,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/17/2021 12/17/21 Sold $34,000 -15.0% $50 / Sq Ft
11/06/2021 11/06/21 Pending -- -- --
11/06/2021 11/06/21 For Sale $39,999 +14.3% $59 / Sq Ft
09/24/2021 09/24/21 Sold $35,000 0.0% $52 / Sq Ft View Prior Sale
08/09/2021 08/09/21 Pending -- -- --
08/02/2021 08/02/21 For Sale $35,000 -- $52 / Sq Ft
Source: North Central Penn Board of REALTORS®

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
2026 $518 $35,990 $25,000 $10,990
2025 $503 $35,990 $25,000 $10,990
2024 $800 $35,990 $25,000 $10,990
2023 $1,154 $44,790 $12,000 $32,790
2022 $1,105 $44,790 $12,000 $32,790
2021 $1,083 $44,790 $12,000 $32,790
2020 $1,080 $44,790 $12,000 $32,790
2019 $1,065 $44,790 $12,000 $32,790
2018 $1,045 $44,790 $12,000 $32,790
2017 -- $44,790 $12,000 $32,790
2016 $1,028 $44,790 $12,000 $32,790
2015 -- $44,790 $12,000 $32,790
2014 -- $44,790 $12,000 $32,790
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Central Penn Board of REALTORS®

MLS Number: 31712600

APN: 15-04.00-134

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