NOT LISTED FOR SALE

541 Rainbow Springs Loop Groveland, FL 34736

Estimated Value: $257,000 - $342,000

3 Beds
2.5 Baths
1,650 Sq Ft
$186/Sq Ft Est. Value

Last Sold July 02, 2023

Last sale price $340,000 $206 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $2,149/month

2 Days on Market

Highlights

  • Boat Ramp
  • Fitness Center
  • Gated Community
  • Water Views
  • Fishing
  • Community Lake

About This Home

As of July 2023

THIS FABULOUS TOWNHOME INSIDE OF THE AMAZING WATERSIDE POINTE IS A 3 BEDROOM 2 1/2 BATHROOM HOME. WALKING UP TO THIS HOME YOU WILL NOTICE THE LARGE FRONT PORCH WITH LOTS OF SHADE COMING FROM THE BEAUTIFUL OAK TREES. UPON ENTERING IT FEELS LIKE A SINGLE FAMILY HOME VS A TOWNHOME DUE TO THE VERY OPEN FLOORPLAN DOWNSTAIRS. VERY LARGE FAMILY ROOM THAT OPENS UP TO THE NICE SIZE KITCHEN, BREAKFAST ROOM, 1/2 BATHROOM AND THE LAUNDRY ROOM IS DOWNSTAIRS. EXTRA STORAGE THAT GOES UNDERNEATH THE STAIRCASE AS WELL. THE BACKDOOR FROM THE KITCHEN LEADS OUT TO A NICE COVERED AREA WITH A HUGE FENCED IN SIDE YARD THAT HAS A GATE. THAT LEADS TO THE 2 CAR GARAGE WITH PLENTY OF PARKING SPACE IN THE BACK OR FRONT OF HOME. NOT TO MENTION THE AMAZING VIEW AND ACCESS YOU HAVE RIGHT INTO THE CLERMONT CHAIN OF LAKES SO BRING YOUR PADDLE BOARDS, KAYAK OR CANOES AND GO HANG OUT ON THE LAKES. UPSTAIRS THERE ARE 2 GOOD SIZE BEDROOMS WITH NICE CLOSETS AND A FULL BATHROOM. MASTER BEDROOM WITH A TUB/SHOWER COMBO AND WALK IN CLOSET. HOA JUST PUT A NEW ROOF ON A FEW WEEKS AGO AND WILL BE PAINTING THS UNIT VERY SOON WITH UPDATED COLORS. WE ALSO HAVE A BOAT AND RV STORAGE WITH MULTI-MILLION DOLLAR AMENTIES WHICH INCLUDE, POOL WITH A SLIDE, CLUBHOUSE, FITNESS CENTER, TENNIS COURT, BASKETBALL COURT, PLAY GROUNDS, SOCCER FIELD, BOAT RAMP TO OUR OWN PRIVATE LAKE, AND ENJOY THE 3.2 MILES AROUND THE COMMUNITY WITH WATER VIEWS EVERYWHERE. DON'T MISS OUT LIVING IN THIS FABULOUS HOME INSIDE THIS FABULOUS COMMUNITY.

Last Agent to Sell the Property

Shelley West-Emery

TERZA REAL ESTATE License #3267551 Listed on: 05/23/2023

Last Buyer's Agent

Francis Rinehart

ROYAL REALTY REAL ESTATE, LLC License #3337305

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,364

Year Built

  • Built in 2008

Lot Details

  • 4,600 Sq Ft Lot
  • End Unit
  • East Facing Home

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,650 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Family Room Off Kitchen
  • Living Room
  • Water Views

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Closet Cabinetry

Eco-Friendly Details

  • Reclaimed Water Irrigation System

Schools

  • Groveland Elementary School
  • Clermont Middle School
  • South Lake High School

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include maintenance structure, ground maintenance
  • Beth Yousey Association, Phone Number (352) 325-7499
  • Visit Association Website
  • Built by Ryland Homes
  • Groveland Waterside Pointe Ph 01 Subdivision, Beckett Floorplan
  • The community has rules related to deed restrictions, allowable golf cart usage in the community
  • Community Lake

Amenities

  • Clubhouse
  • Community Mailbox

Recreation

  • Boat Ramp
  • Fitness Center
  • Fishing

Pet Policy

  • Pets Allowed

Security

  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,364

Year Built

Built in 2008

Lot Details

0

HOA Fees

$250 per month

Parking

2

Listing Details

  • HOA Fee Includes: Maintenance Structure, Maintenance Grounds
  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Construction Materials: Block, Wood Frame
  • Fireplace: No
  • Living Area: 1650
  • Lot Size Acres: 0.11
  • New Construction: No
  • Year Built: 2008
  • Building Area Total: 2243
  • Lot Size Sq Ft: 4600
  • Directions to Property: TURNPIKE TO 50, GO WEST, GO UNDER HWY 27, 3.2 MILES WATERSIDE POINTE IS ON YOUR RIGHT, TURN LEFT AT STOP SIGN, TURN RIGHT AT YOUR SECOND TURN, HOME IN ON YOUR LEFT.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow City: CLERMONT
  • Escrow Postal Code: 34711
  • Escrow State: FL
  • Escrow Street Name: PAGONIA ROAD SUITE 310
  • Escrow Street Number: 17301
  • Floor Number: 2
  • List Office Head Office Key Nume: 1037196
  • Minimum Lease: 7 Months
  • RATIO Current Price By Calculate: 206.06
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • Property Description: End Unit
  • Amenities Additional Fees: Buyer and Buyers agent are responsible for verifying all rules and regulations pertaining to the community and community HOA
  • MFR_BedroomClosetType: Built-in Closet
  • MFR_BedroomClosetType: Built-in Closet
  • MFR_BedroomClosetType: No Closet
  • Tax Year: 2022
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Solid Surface Counters, Thermostat
  • Appliances Included: Dishwasher, Disposal, Microwave, Range
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: Two
  • Stories: 2
  • Street Number Modifier: 541
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 153.29
  • Room Count: 5

Exterior Features

  • Direction Faces: East
  • Exterior Features: Irrigation System, Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • View: Water
  • Waterfront: No
  • Road Surface Type: Paved
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Boat Ramp, Community Mailbox, Deed Restrictions, Fishing, Fitness Center, Gated, Golf Carts OK, Irrigation-Reclaimed Water, Lake
  • Association Fee: 250
  • Association Fee Frequency: Monthly
  • Association Name: BETH YOUSEY
  • Phone: 352-325-7499
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: Buyer and Buyers agent are responsible for verifying all rules and regulations pertaining to the community and community HOA
  • Association Fee Requirement: Required
  • Building Name Number: 0
  • Association Email: BYOUSEY@SENTRYMGT.COM
  • Association URL: WWW.SENTRYMGT.COM

Fee Information

  • Total Annual Fees: 3000.00
  • Total Monthly Fees: 250.00
  • Monthly HOA Amount: 250.00

Schools

  • Elementary School: Groveland Elem
  • High School: South Lake High
  • Middle Or Junior School: Clermont Middle

Lot Info

  • Parcel Number: 22-22-25-0010-000-12200
  • Additional Parcels: No
  • Lot Features: Corner Lot
  • Flood Zone Code: x
  • Homestead YN: 1
  • Lot Size Square Meters: 427

Building Info

  • Builder Name: Ryland Homes

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Buyer and Buyers agent are responsible for verifying all rules and regulations pertaining to the community and community HOA

Tax Info

  • Tax Annual Amount: 2364.13
  • Tax Block: 000
  • Tax Book Number: 63-13-21
  • Tax Lot: 122

Multi Family

  • Approval Process: Buyer and Buyers agent are responsible for verifying all rules and regulations pertaining to the community and community HOA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2016
Sold by
Kriebel Jeffrey L and Kriebel Megan M
Bought by
Kriebel Jeffrey L and Kriebel Megan M
Current Estimated Value
$306,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
3.41%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2015
Sold by
Flood Patricia
Bought by
Kriebel Jeffrey L and Kriebel Megan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2015
Sold by
Reyes Rivera Olga and Waterside Pointe Homeowners As
Bought by
Flood Patricia

Purchase Details

Closed on
Jul 1, 2015
Sold by
Reyes Rivera Olga N and Bac Home Loans Servicing Lp
Bought by
Floyd Patricia

Purchase Details

Closed on
Nov 7, 2008
Sold by
The Ryland Group Inc
Bought by
Reyes Rivera Olga

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,011
Interest Rate
5.89%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Kriebel Jeffrey L $67,500 Attorney
Kriebel Jeffrey L $165,000 Metes & Bounds Title Company
Flood Patricia $132,800 None Available
Floyd Patricia $132,751 None Available
Reyes Rivera Olga $165,000 Ryland Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kriebel Jeffrey L $50,000
Open Kriebel Megan M $180,000
Closed Kriebel Jeffery L $25,000
Closed Kriebel Jeffrey L $135,000
Previous Owner Kriebel Jeffrey L $132,000
Previous Owner Reyes Rivera Olga N $172,245
Previous Owner Reyes Rivera Olga $162,011
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2023 07/02/23 Sold $340,000 +1.5% $206 / Sq Ft
05/26/2023 05/26/23 Pending -- -- --
05/23/2023 05/23/23 For Sale $335,000 -- $203 / 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 $2,474 $199,130 -- --
2024 $2,474 $199,130 -- --
2023 $2,474 $165,970 $0 $0
2022 $2,364 $161,140 $0 $0
2021 $2,075 $156,453 $0 $0
2020 $2,052 $154,293 $0 $0
2019 $2,079 $150,825 $0 $0
2018 $1,988 $148,013 $0 $0
2017 $1,947 $145,011 $0 $0
2016 $1,977 $139,088 $0 $0
2015 $2,695 $131,862 $0 $0
2014 -- $129,687 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: G5069138

Stellar MLS

APN: 22-22-25-0010-000-12200