NOT LISTED FOR SALE

6505 Rainbow Ave Pensacola, FL 32505

Estimated Value: $155,986 - $184,000

3 Beds
1.5 Baths
1,248 Sq Ft
$135/Sq Ft Est. Value

Last Sold January 25, 2016

Last sale price $33,000 $26 Per Sq Ft

Est. 410% increase in value since last sale

Current estimated payment $1,002/month

228 Days on Market

Highlights

  • No HOA
  • Patio
  • Central Air
  • Pensacola High School Rated A-
  • Laundry Room
  • Combination Kitchen and Dining Room

About This Home

As of January 2016

A short sale due to condition of the home. Has does have a fireplace and newer double pane windows but also has aluminum wiring, roof leaks in several places, appliances have been missing, HVAC system is missing, and rear covering for patio is so rotten it is falling down. In general the home requires more than TLC repairs and price reflects these. The home is located in a section of Crescent Lake subdivision to afford it greater curb appeal to aid in better rental value and or owner occupant appreciation.

Last Agent to Sell the Property

Don Hendrix

SIMMONS REALTY GROUP, INC Listed on: 05/28/2015

Last Buyer's Agent

Rich Richardson

Alliance Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,404

Year Built

  • Built in 1967

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions: 70
  • Back Yard Fenced

Home Design

  • Slab Foundation
  • Ridge Vents on the Roof
  • Composition Roof
  • Block Exterior

Interior Spaces

  • 1,248 Sq Ft Home
  • 1-Story Property
  • Combination Kitchen and Dining Room

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • 2 Parking Spaces
  • Driveway

Outdoor Features

  • Patio

Schools

  • Brentwood Elementary School
  • Woodham Middle School
  • Pensacola High School

Utilities

  • Central Air
  • No Heating
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Crescent Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 44.1S.30.1000.010.024

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,404

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Stories: 1
  • Parcel Number: 44.1S.30.1000.010.024
  • Property Type: Residential
  • Year Built: 1967
  • Electric: Aluminum Wiring
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.2
  • Lot Size: 70 x 130
  • Road Surface Type: Paved
  • Subdivision Name: Crescent Lake
  • Directions: From W St west on Marcus Pointe Blvd, cross RR tracks left on Rambler Dr around corner turns into Commerce Pkwy to left on Pipeline to right on Rainbow
  • Architectural Style: Ranch
  • Building Name: None
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Efficiency: Ridge Vent
  • Property Attached Yn: No
  • Kitchen Level: First
  • Special Features: 12

Interior Features

  • Appliances: Electric Water Heater
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Vinyl, Carpet
  • Bedroom/Bathroom Features: Not Updated
  • Dining Room Features: Kitchen/Dining Combo
  • Living Room Living Room Level: First
  • Master Bedroom Master Bedroom Level: First
  • Master Bedroom Master Bedroom Width: 12
  • Room Kitchen Features: Not Updated
  • Room Master Bedroom Area: 108

Exterior Features

  • Roof: Composition
  • Fencing: Back Yard, Partial
  • Lot Features: Central Access
  • Pool Features: None
  • Disclosures: ***NOTICE TO COOPERATING BROKERS This transaction is subject to third party/lender approval; the compensation offered through MLS will be reduced if the lender(s) reduce the gross commission.
  • Construction Type: Block
  • Foundation Details: Slab
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Driveway
  • Total Parking Spaces: 2

Utilities

  • Heating: None
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Laundry Features: W/D Hookups, Laundry Room
  • Cooling Y N: Yes
  • Heating Yn: No
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No

Schools

  • Elementary School: Brentwood
  • High School: Pensacola
  • Middle Or Junior School: Woodham

Lot Info

  • Lot Size Sq Ft: 8712
  • Zoning Description: County,Res Single
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2015
Closed on
Jan 1, 2016
Bought by
Mccullers Jason Mccullers Carl
Seller's Agent
Don Hendrix
SIMMONS REALTY GROUP, INC
Buyer's Agent
Rich Richardson
Alliance Real Estate
List Price
$15,000
Sold Price
$33,000
Premium/Discount to List
$18,000
120%
Current Estimated Value
$168,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,247
Avg. Annual Appreciation
18.16%

Purchase Details

Closed on
Jan 16, 2008
Sold by
Singer John
Bought by
Edgar Monica Delaine and Singer Monica D

Purchase Details

Closed on
Dec 22, 2005
Sold by
Singer Monica D
Bought by
Singer Monica D and Singer John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2003
Sold by
Vincent Barry E
Bought by
Singer Monica D and Vincent Monica D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,250
Interest Rate
6.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 1999
Sold by
Loman Michael R
Bought by
Vincent Barry E and Vincent Monica D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,500
Interest Rate
6.82%
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
Mccullers Jason Mccullers Carl $33,000 --
Edgar Monica Delaine -- None Available
Singer Monica D -- Elite Title Source Llc
Singer Monica D -- --
Vincent Barry E $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Singer Monica D $85,000
Previous Owner Singer Monica D $55,250
Previous Owner Vincent Barry E $44,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/25/2016 01/25/16 Sold $33,000 +120.0% $26 / Sq Ft
01/08/2016 01/08/16 Pending -- -- --
05/25/2015 05/25/15 For Sale $15,000 -- $12 / Sq Ft
Source: Pensacola 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 $1,404 $120,264 $30,000 $90,264
2023 $1,404 $84,385 $0 $0
2022 $1,300 $95,255 $20,000 $75,255
2021 $1,156 $73,253 $0 $0
2020 $1,034 $63,400 $0 $0
2019 $1,003 $60,662 $0 $0
2018 $971 $57,151 $0 $0
2017 $942 $53,814 $0 $0
2016 $931 $52,477 $0 $0
2015 $893 $50,812 $0 $0
2014 $861 $48,996 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Pensacola Association of REALTORS®

MLS Number: 482219

Pensacola Association of REALTORS®

APN: 44-1S-30-1000-010-024