NOT LISTED FOR SALE

5497 Rainbow Dr Unit 9 Greendale, WI 53129

Greendale Area

Estimated Value: $388,000 - $546,000

Studio
-- Bath
2,711 Sq Ft
$180/Sq Ft Est. Value

Sale Details

Date Sold: October 1, 2024

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

Est. 3% decrease in value since last sale

Current estimated payment $2,990 / mo

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

10,019 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2024
Closed on
Sep 28, 2024
Sold by
Bought by
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
$488,251

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,749
Avg. Annual Appreciation
-1.86%
Original Mortgage
$454,500
Interest Rate
0.0675%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2020
Sold by
Bought by

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
0.031%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 1, 2017
Sold by
Bought by

Purchase Details

Closed on
Jul 25, 2007
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$505,000 None Listed On Document
$360,000 None Available
-- None Available
$300,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $454,500
Previous Owner $353,479
Previous Owner $71,000
Previous Owner $50,000
Previous Owner $98,000
Previous Owner $105,000
Previous Owner $258,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $4,047 $352,300 $72,900 $279,400
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

    401 Total Sales

    The Hupke Team*
    Section Image

  • M

    Buyer's Agent in 2024

    Manale Hamdan

    Coldwell Banker Realty

    (414) 915-1322

    43 Total Sales

    Manale Hamdan
    Section Image
See All Agents

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

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.

Metro 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.

IDX listing data provided by Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified.

Copyright 2026 – Multiple Listing Service, Inc. – All Rights Reserved.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.