NOT LISTED FOR SALE

625 Rainbow Dr Louisville, OH 44641

Estimated Value: $126,729 - $192,000

4 Beds
2 Baths
1,296 Sq Ft
$117/Sq Ft Est. Value

Last Sold December 16, 2021

Last sale price $110,740 $85 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $949/month

48 Days on Market

Highlights

  • 2 Car Direct Access Garage
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of December 2021

Calling all investors and owner occupants looking for cash flow. Estimated mortgage payment with 125k purchase price at 3% rate, 10% down, including monthly allowances for property taxes and insurance comes to $669.89 per month. Unit 701 next door rents for $600. Live for $69 per month and build equity? Sounds good to me. An excellent opportunity to own a cash-flowing duplex located in Louisville. This property has been well maintained inside and out. The exterior features brand new windows and gutters as well as fresh paint on the entire exterior of the home. Unit 701 has been recently updated with new flooring and paint throughout as well as a brand new furnace. 24hr notice required for showing. Reach out today for more information. (Unit 625 recently converted to month-to-month tenancy.) Tenants pay ALL utilities.

Last Agent to Sell the Property

Jarrod Bolon

Fathom Realty License #2019004941 Listed on: 09/08/2021

Fathom Realty

Co-Listed By

Jared Dutton

Keller Williams Legacy Group Realty License #2005014275

Last Buyer's Agent

Jose Medina

Keller Williams Legacy Group Realty License #2002013465

Keller Williams Legacy Group Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,347

Year Built

  • Built in 1946

Lot Details

  • 10,019 Sq Ft Lot

Parking

  • 2 Car Direct Access Garage

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,296 Sq Ft Home
  • 1-Story Property
  • Laundry in unit
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • 2 Units
  • Louisville Community

Listing and Financial Details

  • Tenant pays for cable/electric link, electric, gas, sewer, trash collection, water
  • Assessor Parcel Number 03602471

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,347

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Subtype: Two
  • Price Per Square Foot: 85.45
  • Estimated Price per Sq Ft: 85.45
  • Year Built Exception: Actual YBT
  • Num Of Stories: 1.00
  • Total Sq Ft: 1296
  • Year Built: 1946
  • Court Ordered Y N: No
  • Geocode Confidence: High
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1946

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Detail: Unfinished
  • Laundry: 2
  • Sq Ft Approx Above Grade Finished: 1296.00
  • Sq Ft Approx Total Finished: 1296.00

Exterior Features

  • Exterior: Aluminum
  • Roof: Asphalt/Fiberglass

Garage/Parking

  • Driveway: Paved
  • Garage Features: Access from Unit, Attached
  • Garage Num Of Cars: 2

Utilities

  • LaundryFeatures: In Unit
  • Heating Fuel: Gas
  • Heating Type: Forced Air
  • Water/Sewer: Public Water, Public Sewer

Condo/Co-op/Association

  • Subdivision Complex: Louisville

Schools

  • School District: Louisville CSD
  • School District: Louisville CSD

Lot Info

  • Lot Size Units: Acres
  • Acres: 0.2300
  • Parcel Number: 03602471

Rental Info

  • Tenant Pays: Cable/Electric Link, Electric, Gas, Sewer, Trash Collection, Water

Multi Family

  • Unit Count: 2
  • Gross Income: 12600.00
  • Net Income: 11252.84
  • Num Of Buildings: 1
  • Number of Units: 2
  • Percent Units Occupied: 100

Tax Info

  • Tax: 1347

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2021
Closed on
Dec 14, 2021
Sold by
Brahler Michael R
Bought by
Cuellar Erik Ramos
Seller's Agent
Jarrod Bolon
Fathom Realty
Buyer's Agent
Jose Medina
Keller Williams Legacy Group Realty
List Price
$129,900
Sold Price
$110,740
Premium/Discount to List
-$19,160
-14.75%
Current Estimated Value
$151,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,442
Avg. Annual Appreciation
10.58%
Original Mortgage
$83,055
Outstanding Balance
$79,069
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$81,428

Purchase Details

Closed on
Feb 2, 2015
Sold by
Brahler Robert B and Brahler Marilyn J
Bought by
Brahler Michael R

Purchase Details

Closed on
Nov 20, 1991
Source: Public Records

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
Cuellar Erik Ramos -- None Listed On Document
Brahler Michael R -- None Available
-- $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cuellar Erik Ramos $83,055
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2021 12/16/21 Sold $110,740 -9.6% $85 / Sq Ft
10/26/2021 10/26/21 Pending -- -- --
10/19/2021 10/19/21 Price Changed $122,500 -2.0% $95 / Sq Ft
10/03/2021 10/03/21 Price Changed $125,000 -1.6% $96 / Sq Ft
09/24/2021 09/24/21 Price Changed $127,000 -2.2% $98 / Sq Ft
09/08/2021 09/08/21 For Sale $129,900 -- $100 / Sq Ft
Source: MLS Now

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 -- $33,260 $14,600 $18,660
2023 $1,498 $34,020 $12,460 $21,560
2022 $1,503 $34,020 $12,460 $21,560
2021 $1,507 $34,020 $12,460 $21,560
2020 $1,347 $32,910 $11,240 $21,670
2019 $1,348 $34,410 $11,240 $23,170
2018 $1,410 $34,410 $11,240 $23,170
2017 $1,260 $29,650 $9,450 $20,200
2016 $1,285 $29,650 $9,450 $20,200
2015 $1,289 $29,650 $9,450 $20,200
2014 $1,288 $27,550 $8,790 $18,760
2013 $648 $27,550 $8,790 $18,760
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jarrod Bolon

    Fathom Realty

    (330) 413-5419

    12 Total Sales

    Jarrod Bolon
    Section Image
  • Jared Dutton

    Seller Co-Listing Agent in 2021

    Jared Dutton

    Keller Williams Legacy Group Realty

    (330) 268-2673

    219 Total Sales

    Jared Dutton
    Section Image
  • Jose Medina

    Buyer's Agent in 2021

    Jose Medina

    Keller Williams Legacy Group Realty

    (330) 433-6014

    2,993 Total Sales

    Jose Medina
    Section Image
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Map

Source: MLS Now

MLS Number: 4315161

MLS Now

APN: 03602471

Ohio Stark County Louisville 44641

625 Rainbow Dr, Louisville, OH

This home is located at 625 Rainbow Dr, Louisville, OH 44641 since 08 September 2021 and is currently estimated at $151,182, approximately $116 per square foot. This property was built in 1946. 625 Rainbow Dr is a home located in Stark County with nearby schools including Louisville High School and St. Thomas Aquinas High School & Middle School.

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