NOT LISTED FOR SALE

5497 Rainbow Dr Unit 9 Greendale, WI 53129

Estimated Value: $465,000 - $582,000

Studio
-- Bath
2,711 Sq Ft
$193/Sq Ft Est. Value

Last Sold October 01, 2024

Last sale price $505,000 $186 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,327/month

4 Days on Market

About This Home

As of October 2024

Discover this immaculate townhouse-style duplex in the highly desirable Greendale neighborhood! Each unit features 3 spacious BRs, 1.5 BA, & private finished basements along w/an attached 2.5-car garage for added convenience. Enjoy the luxury of separate patios and a sprawling backyard, offering ample privacy & an inviting space for outdoor entertaining,, relaxing or holiday BBQs . Both units are meticulously maintained and currently occupied by wonderful tenants, making this an excellent opportunity for investors or those seeking a future dream home. With its versatile layout and prime location, this Greendale townhouse is a rare find. Don't miss out on the chance to own this exceptional propertymake it yours today! All this + 13month UHP warranty for extra peace of mind!

Last Agent to Sell the Property

The Hupke Team*

RE/MAX Forward License #57861-90 Listed on: 08/27/2024

Last Buyer's Agent

Manale Hamdan

Coldwell Banker Realty License #87288-94

Coldwell Banker Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,935

Lot Details

  • 10,019 Sq Ft Lot

Parking

  • 2.5 Car Attached Garage

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 2,711 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

  • Greendale Middle School
  • Greendale High School

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Seller/tenant personal property, Stove/Basement Freezer in unit 2 5499, TV mount in 5499, 2 free standing cabinets + microwave stand in kitchen of 5499; Video door bell/smart lock in 5499
  • Tenant pays for electricity, heat, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 7110145000

Property Details

Property Type

Other

Est. Annual Taxes

$5,935

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Two Family
  • Prop. Type: Two-Family
  • Lot Size Acres: 0.23
  • Inclusions: Refrigerator x2, Dishwasher x2, Microwave x2, Disposal x2, Washer x2, Dryer x2, Stove in 5497
  • Directions: College to Root River (1 block west of 51st St) south to Rainbow Dr
  • Property Information:Est Total Sq Ft: 2711
  • Special Features: None

Interior Features

  • Owner Pays: Sewer, Water
  • Has Basement: Full, Poured Concrete

Exterior Features

  • Exclusions: Seller/tenant personal property, Stove/Basement Freezer in unit 2 5499, TV mount in 5499, 2 free standing cabinets + microwave stand in kitchen of 5499; Video door bell/smart lock in 5499
  • Construction Type: Brick, Wood

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.5
  • Parking Features: Parking Space, Paved Driveway, Driveway Entrance, Garage Door Opener
  • Garage Type: Attached

Utilities

  • Sewer: Municipal Sewer

Schools

  • Junior High Dist: Greendale
  • High School: Greendale
  • Middle Or Junior School: Greendale

Lot Info

  • Lot Size Sq Ft: 10018.8
  • Parcel #: 7110145000

Rental Info

  • Tenant Pays: Electricity, Heat, Gas

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5935.06
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2024
Closed on
Sep 28, 2024
Sold by
Kubash Brian and Kubash Kylie
Bought by
Farrah Maram and Farrah Fatima
Seller's Agent
The Hupke Team*
RE/MAX Forward
Buyer's Agent
Manale Hamdan
Coldwell Banker Realty
List Price
$469,900
Sold Price
$505,000
Premium/Discount to List
$35,100
7.47%
Views
31
Current Estimated Value
$538,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,326
Avg. Annual Appreciation
2.91%
Original Mortgage
$454,500
Outstanding Balance
$450,072
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$74,385

Purchase Details

Closed on
Jun 15, 2020
Sold by
Mattson Carol J
Bought by
Kubash Kylie and Kubash Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$353,479
Interest Rate
3.1%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 1, 2017
Sold by
Mattson Carol J
Bought by
Mattson Carol J and The Carol J Mattson Living Trust

Purchase Details

Closed on
Jul 25, 2007
Sold by
Gamez Maria Y
Bought by
Mattson Carol J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Farrah Maram $505,000 None Listed On Document
Kubash Kylie $360,000 None Available
Mattson Carol J -- None Available
Mattson Carol J $300,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farrah Maram $454,500
Previous Owner Kubash Kylie $353,479
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2024 10/01/24 Sold $505,000 +7.5% $186 / Sq Ft
08/31/2024 08/31/24 Pending -- -- --
08/27/2024 08/27/24 For Sale $469,900 -- $173 / Sq Ft
Source: Metro 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
2024 $6,381 $352,300 $72,900 $279,400
2023 $5,935 $303,400 $72,900 $230,500
2022 $6,691 $303,400 $72,900 $230,500
2021 $7,047 $258,700 $65,100 $193,600
2020 $6,574 $258,700 $65,100 $193,600
2019 $6,586 $258,700 $65,100 $193,600
2018 $6,186 $258,700 $65,100 $193,600
2017 $6,171 $248,500 $62,600 $185,900
2016 $6,127 $248,500 $62,600 $185,900
2015 $5,734 $222,500 $62,600 $159,900
2014 $5,700 $222,500 $62,600 $159,900
2013 $5,795 $222,500 $62,600 $159,900
Source: Public Records

Agents Affiliated with this Home

  • The Hupke Team*

    Seller's Agent in 2024

    The Hupke Team*

    RE/MAX

    (262) 613-2548

    3 in this area

    357 Total Sales

    The Hupke Team*
    Section Image

  • M

    Buyer's Agent in 2024

    Manale Hamdan

    Coldwell Banker Realty

    (414) 915-1322

    1 in this area

    42 Total Sales

    Manale Hamdan
    Section Image
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Map

Source: Metro MLS

MLS Number: 1889405

Metro MLS

APN: 711-0145-000

Wisconsin Milwaukee County Greendale 53129

5497 Rainbow Dr Unit 9, Greendale, WI

Not Listed for Sale

Other

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