NOT LISTED FOR SALE

551 Rainbow Gardens Ln Mc Daniels, KY 40152

Estimated Value: $257,510 - $346,000

4 Beds
1.5 Baths
1,836 Sq Ft
$155/Sq Ft Est. Value

Last Sold October 23, 2015

Last sale price $135,000 $74 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $1,746/month

27 Days on Market

Highlights

  • 1 Fireplace
  • Patio
  • Forced Air Heating and Cooling System
  • Porch

About This Home

As of October 2015

This property has an accepted contract as of 9/27/2015 pending release of contingencies. Have you wanted a home on Rough River? Always wanted to have a home in Rainbow Gardens? Want a nice, easy walk to the water lot? This property may be for you!! Lots of room, both inside and out, for ease in entertaining. This home looks small from the outside but has 4 bedrooms and 1.5 baths. Below grade is the large living room, dining area, kitchen and a half bath. On the main floor there are 4 bedrooms and 1 full bath.

There is a nice screened-in back porch and a patio area behind the house with a canvas gazebo so you can enjoy the beautiful view of Rough River Lake. The gentle slope to the water is a breeze to walk. Below the red line is the path to your dock that winds gently through shady trees. The docks are right in front of the path. All furniture and appliances remain with this home. All contents of the shed to remain minus the fishing gear.

The sellers also have a 2005 Sweetwater Pontoon with a 90 HP motor that they are willing to sell.

Dock to transfer with COE approval.

Last Listed By

Bobbi Horn

Greater Rough River Realty Group License #211080 Listed on: 09/08/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,049

Year Built

  • Built in 1970

Lot Details

  • Lot Dimensions are 40'x372.2'x50'x374.3'

Parking

  • Driveway

Home Design

  • Slab Foundation
  • Metal Roof
  • Aluminum Siding
  • Block Exterior

Interior Spaces

  • 1-Story Property
  • 1 Fireplace
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Rainbow Gardens Subdivision

Listing and Financial Details

  • Tax Lot 40
  • Assessor Parcel Number RG 40

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,049

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cooling System: Central Air
  • Stories: 1
  • Lot Dimensions: 40'x372.2'x50'x374.3'
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Subdivision Name: RAINBOW GARDENS
  • Above Grade Finished Sq Ft: 783.0
  • Architectural Style: Ranch
  • Utilities Electricity Connected: Yes
  • Full Bathroom Level: First
  • Half Bathroom Level: Basement
  • Rooms:Living Room5: Yes
  • Cooling Central Air: Yes
  • Foundation:Slab: Yes
  • Architectural Style Ranch: Yes
  • Special Features: None

Interior Features

  • Basement: Walkout Finished
  • Fireplaces Level 1: 1
  • Bedroom Level: First
  • Dining Area Level: Basement
  • Kitchen Level: Basement
  • Living Room Level: Basement
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1053.0
  • Fireplaces: 1
  • Total Bedrooms: 9
  • Other Rooms:Dining Area: Yes

Exterior Features

  • Fencing: None
  • Roof: Metal
  • Acres: 0.39
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Wood Frame, Aluminum Siding, Block
  • Foundation Details: Concrete Blk, Slab
  • Patio And Porch Features: Patio, Porch
  • Construction:Frame - Wood2: Yes
  • Construction:Aluminum: Yes
  • Patio and Porch Features:Porch2: Yes
  • Waterfront Features:Lake Front: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway
  • Garageparkingdriveway: Yes

Utilities

  • Utilities: Electricity Connected, Propane
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Lot Info

  • Lot Size Sq Ft: 16988.4
  • ResoLotSizeUnits: Acres
  • Parcel #: RG 40
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built: 1970

Tax Info

  • Tax Block: 0
  • Tax Lot: 40

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2015
Closed on
Oct 23, 2015
Sold by
Zeitz Stephen and Zeitz Vicki
Bought by
Callahan Teresa W
Seller's Agent
Bobbi Horn
Greater Rough River Realty Group
Buyer's Agent
Catherine E. Corbett
Greater Rough River Realty Group
List Price
$149,900
Sold Price
$135,000
Premium/Discount to List
-$14,900
-9.94%
Total Days on Market
27
Current Estimated Value
$284,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,128
Avg. Annual Appreciation
8.11%

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
Callahan Teresa W $135,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Callahan Teresa W $50,875
Closed Callahan Teresa W $25,884
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2015 10/23/15 Sold $135,000 -9.9% $74 / Sq Ft
09/27/2015 09/27/15 Pending -- -- --
08/31/2015 08/31/15 For Sale $149,900 -- $82 / Sq Ft
Source: Metro Search (Greater Louisville Association of REALTORS®)

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 $2,049 $224,000 $50,000 $174,000
2023 $2,112 $224,000 $50,000 $174,000
2022 $1,591 $170,000 $50,000 $120,000
2021 $1,663 $170,000 $50,000 $120,000
2020 $1,532 $155,000 $50,000 $105,000
2019 $1,529 $155,000 $50,000 $105,000
2018 $1,509 $155,000 $0 $0
2017 $1,492 $155,000 $0 $0
2016 $1,306 $135,000 $50,000 $85,000
2015 $1,068 $108,400 $40,000 $68,400
2013 $780 $82,000 $30,000 $52,000
Source: Public Records

Agents Affiliated with this Home

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MLS Number: 1429339

Metro Search (Greater Louisville Association of REALTORS®)

APN: RG 40