NOT LISTED FOR SALE

70 Rainbow Cove Rd Unit 25 Ridgeway, SC 29130

Estimated Value: $511,000 - $535,000

3 Beds
2 Baths
1,038 Sq Ft
$506/Sq Ft Est. Value

Last Sold November 15, 2023

Last sale price $490,000 $472 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,648/month

160 Days on Market

Highlights

  • Docks
  • Waterfront
  • Cottage
  • Pier
  • Deck
  • Circular Driveway

About This Home

As of November 2023

Oh you are going to love this one! This income producing jewel is idyllically located at the tip of Rainbow Cove, inviting you in to experience true lake front living. Inside you will find a large eat-in kitchen w/stainless steel appliances, 3 bedroom 2 bath w/LVP flooring and a neutral color pallet throughout. Outside there is an expansive deck that runs the length of the home as well as a separate attached 15X16 deck perfect for large gatherings & entertaining! Located on the peninsula and boasting over 230+ feet of shoreline w/spectacular panoramic sweeping views of the main channel- this lot also feature a deep water dock along with a separate waterfront walkout. Crawl space is fully encapsulated! What you see in the house, conveys! (All appliances & furnishings) This lot consists of .58 acres. Additionally, this property offers the ability purchase an adjacent lot owned by the seller which has a deep water dock in place (listed separately) Motivated Seller! Bring me an offer!

Last Listed By

Danielle Childers

Homeland Realty Group LLC Brokerage Email: daniellechilders@bellsouth.net License #267429 Listed on: 05/22/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,638

Year Built

  • Built in 1950

Lot Details

  • Waterfront
  • Cleared Lot
  • Property is zoned R1

Parking

  • Circular Driveway

Home Design

  • Cottage

Interior Spaces

  • 1,038 Sq Ft Home
  • 1-Story Property
  • Bar Fridge
  • Family Room with Fireplace
  • Vinyl Flooring
  • Water Views
  • Crawl Space

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer

Outdoor Features

  • Pier
  • Docks
  • Deck
  • Patio
  • Rear Porch

Schools

  • Fairfield Elementary And Middle School
  • Fairfield Central High School

Utilities

  • Central Air
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 115-03-02-022-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,638

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cottage
  • Year Built: 1950
  • Restrictions: Other - See Remarks
  • Road Surface Type: Gravel
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 472.06
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Vinyl
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1038
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Bar Fridge, Dishwasher, Dryer, Electric Range
  • Above Grade Finished Sq Ft: 1038
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Family Room
  • Living Area: 1038
  • Bedroom Main: 3
  • Room Count: 1

Exterior Features

  • Exterior Features: Dock
  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • View: Long Range, Water
  • Water Body Name: Lake Wateree
  • Waterfront Features: Pier, Dock
  • Construction Type: Fiber Cement
  • Patio And Porch Features: Deck, Patio, Rear Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Circular Driveway

Utilities

  • Heating: Electric
  • Sewer: Septic Installed
  • Laundry Features: Electric Dryer Hookup, In Hall, Main Level
  • Cooling: Central Air
  • Utilities: Electricity Connected
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Fairfield
  • HOA Subject To: None

Lot Info

  • Lot Features: Cleared, Waterfront
  • Lot Size Area: 0.58
  • Lot Size Units: Acres
  • Parcel Number: 115-03-02-022-000
  • Development Status: Completed
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R1

MLS Schools

  • Elementary School: Fairfield
  • High School: Fairfield Central

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2023
Closed on
Nov 13, 2023
Sold by
Martin Nora M
Bought by
Geiger Freddie L and Geiger Renitta B
Seller's Agent
Danielle Childers
Homeland Realty Group LLC
Buyer's Agent
Nat Humphries
Lake Wateree Properties
List Price
$594,000
Sold Price
$490,000
Premium/Discount to List
-$104,000
-17.51%
Total Days on Market
160
Views
194
Current Estimated Value
$525,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,569
Avg. Annual Appreciation
7.41%

Purchase Details

Closed on
Jan 22, 2018
Sold by
Flemming Franklin D
Bought by
Mdm Leasing Llc

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
Geiger Freddie L $490,000 None Listed On Document
Mdm Leasing Llc $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martin Nora M $442,033
Previous Owner Martin Nora M $445,300
Previous Owner Martin Nora $326,800
Previous Owner Martin Nora M $330,000
Previous Owner Martin Nora $280,500
Previous Owner Martin Nora M $321,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2023 11/15/23 Sold $490,000 -2.0% $472 / Sq Ft
10/23/2023 10/23/23 Price Changed $499,999 -9.1% $482 / Sq Ft
08/07/2023 08/07/23 Price Changed $549,900 -4.3% $530 / Sq Ft
08/01/2023 08/01/23 Price Changed $574,750 -0.9% $554 / Sq Ft
07/17/2023 07/17/23 Price Changed $579,750 -1.7% $559 / Sq Ft
06/30/2023 06/30/23 Price Changed $589,750 -0.7% $568 / Sq Ft
05/22/2023 05/22/23 For Sale $594,000 -- $572 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $8,638 $21,960 $18,000 $3,960
2023 $8,638 $27,150 $23,400 $3,750
2022 $0 $0 $0 $0
2021 $0 $18,100 $15,600 $2,500
2020 $0 $18,100 $15,600 $2,500
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
2017 $1,811 $10,528 $0 $0
2016 $1,829 $10,528 $0 $0
2015 $1,961 $0 $0 $0
2014 $1,961 $10,833 $0 $0
2012 $1,961 $10,833 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4033175

Canopy MLS (Canopy Realtor® Association)

APN: 1150302022000