NOT LISTED FOR SALE

5538 Rainbow Rd Cove, TX 77523

Estimated Value: $233,000 - $266,000

3 Beds
2.5 Baths
2,046 Sq Ft
$122/Sq Ft Est. Value

Last Sold August 29, 2019

Current estimated payment $1,681/month

27 Days on Market

Highlights

  • Built in 2019 | Newly Remodeled
  • Traditional Architecture
  • 2 Car Attached Garage
  • Barbers Hill El South Rated A
  • Granite Countertops
  • 2-minute walk to Joseph’s Cove Park

About This Home

As of August 2019

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.

Last Agent to Sell the Property

Jack Lipar

LGI Homes License #0591138 Listed on: 08/02/2019

Last Buyer's Agent

Josue Morales

Results Real Estate License #0682556

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2019 | Newly Remodeled

Lot Details

  • Back Yard Fenced

HOA Fees

  • $32 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

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

Interior Spaces

  • 2,046 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Insulated Doors
  • Living Room
  • Combination Kitchen and Dining Room
  • Utility Room
  • Washer and Electric Dryer Hookup
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Electric Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Separate Shower

Eco-Friendly Details

  • ENERGY STAR Qualified Appliances
  • Energy-Efficient Windows with Low Emissivity
  • Energy-Efficient Insulation
  • Energy-Efficient Doors
  • Energy-Efficient Thermostat
  • Ventilation

Schools

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

Utilities

  • Central Heating and Cooling System
  • Programmable Thermostat

Community Details

  • Joseph's Cove HOA, Phone Number (281) 857-6027
  • Built by LGI Homes
  • Joseph's Cove Subdivision

Home Details

Home Type

Single Family

Year Built

Built in 2019 | Newly Remodeled

Lot Details

0 Sq Ft Lot

HOA Fees

$32 per month

Parking

2

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Building Stories: 2
  • Year Built: 2019
  • Ownership: Full Ownership
  • Subdivision Name: Joseph's Cove
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: Yes
  • Efficiency: Radiant Attic Barrier, Appliances, Doors, Insulation, Thermostat, Windows
  • UniversalParcelId: urn:reso:upi:2.0:US:48071:NA
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Oven, ENERGY STAR Qualified Appliances, Refrigerator
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Insulated Doors
  • Fireplace: No
  • Flooring: Carpet, Tile
  • Interior Amenities: Granite Counters, Separate Shower, Ceiling Fan(s), Kitchen/Dining Combo, Programmable Thermostat
  • Living Area: 2046.0
  • Dining Room Type: Kitchen, Living Room, Utility Room
  • Window Features: Low-Emissivity Windows

Exterior Features

  • Builder Name: LGI Homes
  • Disclosures: None
  • Roof: Composition
  • Fencing: Back Yard
  • Lot Features: Subdivision
  • Pool Private: No
  • Construction Type: Cement Siding
  • Exterior Features: Fence
  • Foundation Details: Slab
  • Property Condition: Under Construction

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup, Electric Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 380.0
  • Association Fee Frequency: Annually
  • Association Name: Joseph's Cove HOA
  • Phone: 281-857-6027
  • 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

Green Features

  • Green Indoor Air Qlty: Ventilation

Lot Info

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2019
Closed on
Aug 29, 2019
Sold by
Lgi Homes Texas Llc
Bought by
Martinez Martin Guadalupe
Seller's Agent
Jack Lipar
LGI Homes
Buyer's Agent
Josue Morales
Results Real Estate
List Price
$222,900
Current Estimated Value
$249,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.92%
Original Mortgage
$216,015
Outstanding Balance
$193,480
Interest Rate
4.87%
Mortgage Type
FHA
Estimated Equity
$55,780
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
Martinez Martin Guadalupe -- Texas American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Martin Guadalupe $216,015
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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 -- -- --
08/02/2019 08/02/19 For Sale $222,900 -- $109 / Sq Ft
Source: Houston Association of REALTORS®

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

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    Joe Miles

    Rose Heel Properties,LLC

  • Jack Lipar

    Seller's Agent in 2019

    Jack Lipar

    LGI Homes

    (713) 492-1514

    77 in this area

    2,081 Total Sales

    Jack Lipar
    Section Image

  • J

    Buyer's Agent in 2019

    Josue Morales

    Results Real Estate

    (713) 489-8130

    4 in this area

    12 Total Sales

    Josue Morales
    Section Image
See All Agents

Map

Source: Houston Association of REALTORS®

MLS Number: 83475435

Houston Association of REALTORS®

APN: 35220-00306-00300-000400

Texas Chambers County Cove 77523

5538 Rainbow Rd, Cove, TX

Not Listed for Sale

Detached

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