$235,500
$36K PRICE INCREASE

5538 Rainbow Rd Cove, TX 77523

Estimated payment $1,641/month

Total Views 7,933
3 Beds
2.5 Baths
2,042 Sq Ft
$115 Price per Sq Ft

Highlights

  • Traditional Architecture
  • 2 Car Attached Garage
  • Tile Flooring
  • Barbers Hill El South Rated A
  • Living Room
  • 2-minute walk to Joseph’s Cove Park

About This Home

This stunning home LGI's Juniper plan offers 3 bedrooms, 2-1/2 baths, and a spacious living area perfect for entertaining. The primary suite boasts a large bathroom and two walk-in closets. With a covered front porch and large utility room, this property provides ample storage and comfort. While requiring some DIY updates, this short-sale property is priced to move, offering instant equity for a first-time investor. Due to the missing dishwasher it is unable to pass an FHA Inspection, 5538 Rainbow features 2,042 square feet of living space on a 5,489 square foot lot, built in 2020. All 3 bedrooms are upstairs. The large kitchen and spacious living area presents the perfect home for entertaining Guests. The separate kitchen and dinning areas only enhances the entertaining experience. The primary suite provides a true retreat with a large bathroom and two large walk-in closets. In addition to two secondary bedrooms, this home features a large utility room.

Listing Agent

Joe Miles

Rose Heel Properties,LLC License #0510401 Listed on: 02/12/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,624

Year Built

  • Built in 2020

Lot Details

  • 5,489 Sq Ft Lot
  • Back Yard Fenced

HOA Fees

  • $32 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Roof
  • Cement Siding

Interior Spaces

  • 2,042 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Combination Kitchen and Dining Room
  • Utility Room
  • Washer and Electric Dryer Hookup

Kitchen

  • Oven
  • Electric Range
  • Microwave
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Separate Shower

Schools

  • Barbers Hill South Elementary School
  • Barbers Hill South Middle School
  • Barbers Hill High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas

Community Details

  • Josephs Cove HOA, Phone Number (832) 864-1200
  • Built by LGI Homes
  • Josephs Cove Sec 3 Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,624

Year Built

Built in 2020

Lot Details

0

HOA Fees

$32 per month

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Building Stories: 2
  • Year Built: 2020
  • Lot Size Acres: 0.126
  • Road Surface Type: Asphalt
  • Subdivision Name: Josephs Cove Sec 3
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • UniversalParcelId: urn:reso:upi:2.0:US:48071:59163
  • Special Features: 12
  • Stories: 2

Interior Features

  • Appliances: Electric Range, Disposal, Microwave, Oven
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Carpet, Tile
  • Interior Amenities: Separate Shower, Kitchen/Dining Combo
  • Living Area: 2042.0
  • Dining Room Type: Kitchen, Living Room, Utility Room

Exterior Features

  • Builder Name: LGI Homes
  • Roof: Composition
  • Fencing: Back Yard
  • Lot Features: Subdivision
  • Pool Private: No
  • Construction Type: Cement Siding
  • Exterior Features: Fence
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage

Utilities

  • Laundry Features: Washer Hookup, Electric Dryer Hookup
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 380.0
  • Association Fee Frequency: Annually
  • Association Name: Josephs Cove HOA
  • Phone: 832-864-1200
  • Association: Yes

Schools

  • Elementary School: BARBERS HILL SOUTH ELEMENTARY SCHOOL
  • Junior High Dist: 6 - Barbers Hill
  • High School: BARBERS HILL HIGH SCHOOL
  • Middle Or Junior School: BARBERS HILL SOUTH MIDDLE SCHOOL

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4624.0

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $4,225 $272,540 $22,900 $249,640
2024 $47 $298,280 $22,900 $275,380
2023 $4,641 $297,680 $22,900 $274,780
2022 $4,161 $251,270 $22,900 $228,370
2021 $4,025 $235,980 $22,900 $213,080
2020 $4,025 $235,980 $22,900 $213,080
2019 $324 $17,180 $17,180 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/13/2025 09/13/25 Price Changed $235,500 0.0% $115 / Sq Ft
09/13/2025 09/13/25 For Sale $235,500 +24.3% $115 / Sq Ft
03/12/2025 03/12/25 Pending -- -- --
02/25/2025 02/25/25 Price Changed $189,500 -5.0% $93 / Sq Ft
02/12/2025 02/12/25 For Sale $199,500 -10.5% $98 / Sq Ft
08/18/2024 08/18/24 Off Market -- -- --
08/29/2019 08/29/19 Sold -- -- -- View Prior Sale
08/02/2019 08/02/19 For Sale $222,900 -- $109 / Sq Ft
Source: Houston Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Vendors Lien -- Texas American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $216,015 FHA
Source: Public Records

Source: Houston Association of REALTORS®

MLS Number: 11461093

Houston Association of REALTORS®

APN: 35220-00306-00300-000400