NOT LISTED FOR SALE

55 Rainbow Dr Painesville, OH 44077

Estimated Value: $100,000 - $130,000

2 Beds
1 Bath
684 Sq Ft
$165/Sq Ft Est. Value

Sale Details

Date Sold: July 26, 2016

Last sale price $35,000 $51 Per Sq Ft

Est. 222% increase in value since last sale

Current estimated payment $714 / mo

19 Days on Market

Highlights

  • Bungalow
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of July 2016

Two bedroom bungalow with 1 bath on a nice size yard! Home needs some TLC but has much potential!

Last Agent to Sell the Property

Cassandra Nelson

Keller Williams Greater Metropolitan License #2012002336 Listed on: 06/29/2016

Keller Williams Greater Metropolitan

Last Buyer's Agent

Russ Sulzmann

Berkshire Hathaway HomeServices Professional Realty License #448120

Berkshire Hathaway HomeServices Professional Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1927

Lot Details

  • 11,199 Sq Ft Lot
  • Unpaved Streets

Home Design

  • Bungalow
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Sewer Not Available

Community Details

  • Sunset Point Allotment Community

Listing and Financial Details

  • Assessor Parcel Number 11-B-043-C-00-077-0

Home Details

Home Type

Single Family

Year Built

Built in 1927

Lot Details

0.26 Acres

Listing Details

  • Property Type: Residential
  • Property Subtype: Single Family
  • Style: Bungalow
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Year Built: 1927
  • Geocode Confidence: Unknown
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1927

Interior Features

  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Unpaved

Utilities

  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, No Sewer

Condo/Co-op/Association

  • Subdivision Complex: Sunset Point Allotment

Schools

  • School District: Riverside LSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.2571
  • Parcel Number: 11-B-043-C-00-077-0

Tax Info

  • Tax: 1010

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2016
Closed on
Jul 25, 2016
Sold by
Bhm Rainbow Co Ltd
Bought by
Lanham Carrie
Seller's Agent
Cassandra Nelson
Keller Williams Greater Metropolitan
Buyer's Agent
Russ Sulzmann
Berkshire Hathaway HomeServices Professional Realty
List Price
$40,000
Sold Price
$35,000
Premium/Discount to List
-$5,000
-12.5%
Current Estimated Value
$112,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,721
Avg. Annual Appreciation
12.77%

Purchase Details

Closed on
May 7, 2014
Sold by
Miller Kristin A
Bought by
Miller Bradley P

Purchase Details

Closed on
Apr 25, 2003
Sold by
Miller Heath B and Miller Barbara A
Bought by
Bhm Rainbow Co Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
5.95%

Purchase Details

Closed on
Mar 28, 2003
Sold by
Bhm Rainbow Co Ltd
Bought by
Miller Heath B and Miller Bradley P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
5.95%

Purchase Details

Closed on
Nov 6, 1999
Sold by
Miller Bradley P and Miller Kristan A
Bought by
Bhm Rainbow Co Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,500
Interest Rate
7.5%

Purchase Details

Closed on
Sep 8, 1999
Sold by
Final Exteriors
Bought by
Miller Bradley P and Miller Heath B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,500
Interest Rate
7.5%

Purchase Details

Closed on
Mar 11, 1999
Sold by
Barile Christine E
Bought by
Final Exteriors

Purchase Details

Closed on
Nov 7, 1990
Bought by
Barile Frank P
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
Lanham Carrie $35,000 None Available
Miller Bradley P -- None Available
Bhm Rainbow Co Ltd -- Real Estate Title
Miller Heath B -- Real Estate Title
Bhm Rainbow Co Ltd -- --
Miller Bradley P -- Midland Title Security Inc
Final Exteriors $40,000 Realty Title Agency Inc
Barile Christine E -- Realty Title Agency Inc
Barile Frank P $36,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miller Heath B $48,000
Previous Owner Miller Bradley P $46,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2016 07/26/16 Sold $35,000 -12.5% $51 / Sq Ft
07/18/2016 07/18/16 Pending -- -- --
06/29/2016 06/29/16 For Sale $40,000 -- $58 / Sq Ft
Source: MLS Now

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 -- $30,430 $8,790 $21,640
2024 -- $30,430 $8,790 $21,640
2023 -- $25,810 $7,110 $18,700
2022 $1,536 $25,810 $7,110 $18,700
2021 $1,542 $25,810 $7,110 $18,700
2020 $1,519 $22,440 $6,180 $16,260
2019 $1,530 $22,440 $6,180 $16,260
2018 $1,535 $17,720 $6,060 $11,660
2017 $1,256 $17,720 $6,060 $11,660
2016 $1,135 $17,720 $6,060 $11,660
2015 $1,041 $17,720 $6,060 $11,660
2014 $1,058 $17,720 $6,060 $11,660
2013 $1,035 $17,720 $6,060 $11,660
Source: Public Records

Agents Affiliated with this Home

  • Cassandra Nelson

    Seller's Agent in 2016

    Cassandra Nelson

    Keller Williams Greater Metropolitan

    (440) 567-9400

    7 Total Sales

    Cassandra Nelson
    Section Image
  • Russ Sulzmann

    Buyer's Agent in 2016

    Russ Sulzmann

    Berkshire Hathaway HomeServices Professional Realty

    (866) 456-2100

    6 in this area

    27 Total Sales

    Russ Sulzmann
    Section Image
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Map

Source: MLS Now

MLS Number: 3822341

MLS Now

APN: 11-B-043-C-00-077-0

Ohio Lake County Painesville 44077

55 Rainbow Dr, Painesville, OH

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