NOT LISTED FOR SALE

70 Rainbow Rd Otis, MA 01029

Estimated Value: $582,101 - $780,000

3 Beds
3 Baths
2,574 Sq Ft
$270/Sq Ft Est. Value

Last Sold October 02, 2020

Last sale price $380,000 $148 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $3,626/month

9 Days on Market

Highlights

  • Access To Lake
  • Deck
  • Wooded Lot
  • 394,654 Sq Ft lot
  • Contemporary Architecture
  • Cathedral Ceiling

About This Home

As of October 2020

Berkshire Getaway! With water access to the Otis Reservoir and the snowmobile trail on the property, this will set the stage for year-round fun in the Berkshires. There's more! Nine acres for great privacy and nature all around you. Close proximity to skiing and many cultural events.

Last Agent to Sell the Property

David St. Laurent

BERKSHIRE HATHAWAY HOMESERVICES REALTY PROFESSIONALS OTIS License #9044036 Listed on: 08/14/2020

BERKSHIRE HATHAWAY HOMESERVICES REALTY PROFESSIONALS OTIS

Last Buyer's Agent

David St. Laurent

BERKSHIRE HATHAWAY HOMESERVICES REALTY PROFESSIONALS OTIS License #9044036 Listed on: 08/14/2020

BERKSHIRE HATHAWAY HOMESERVICES REALTY PROFESSIONALS OTIS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,536

Year Built

  • 1994

Lot Details

  • 9.06 Acre Lot
  • Landscaped
  • Privacy
  • Wooded Lot

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2,574 Sq Ft Home
  • Cathedral Ceiling
  • Skylights
  • Fireplace

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • No Garage
  • Off-Street Parking

Outdoor Features

  • Access To Lake
  • Deck
  • Exterior Lighting
  • Outbuilding

Schools

  • Farmington River Elementary School
  • Choice Middle School
  • Choice High School

Utilities

  • Zoned Heating and Cooling
  • Furnace
  • Hot Water Heating System
  • Heating System Uses Oil
  • Well
  • Propane Water Heater
  • Private Sewer

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,536

Year Built

1994

Lot Details

0

Listing Details

  • Property Type: Residential - Single Family
  • Property Type: Residential
  • Style: Contemporary
  • Accessibility: 1st Fl Bdrm | 1st Flr Full Bath
  • Construction: Wood Frame
  • Directions: RT 23 to West Shore Road, left onto Pine Road, right onto Rainbow Road, house on the right.
  • Marketing Headline: Otis Reservoir Water Access
  • Estimated Year Built: 1994
  • Right Of Way: Unk
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1994

Interior Features

  • Appliances Included: Dishwasher, Washer, Range, Refrigerator, Range Hood, Microwave, Dryer
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Total Full Baths: 3
  • Basement: Finished-Partially, Walkout, Interior Access, Full
  • Insulation: Fiberglass
  • Interior Amenities: Cathedral Ceilings | Skylight(s) | Fireplace (s) | High Speed Wiring
  • Floor: Carpet | Wood | Laminate | Ceramic Tile
  • Sq Ft Liv Apx: 2574.00
  • Total Rooms: 7

Exterior Features

  • Exterior Amenities: Deck | Outbuilding | Privacy | Landscaped | Lighting
  • Roof: Asphalt Shingles
  • Waterfront: Close to Water | Motorized Vehicles | Lake | Lake Access
  • Waterfront Lake Pond Name: Otis Reservoir
  • Exterior Siding: Wood

Garage/Parking

  • Parking Spaces Type: Off Street
  • Garage: None

Utilities

  • Electric Type: 200 Amp
  • Fuel: Oil | Wood | Propane
  • Hot Water: Propane
  • Sewer: Private
  • Underground Oil Tank: Unk
  • Water: Well
  • Flood Hazard Area: Unk
  • Heat Cool Vent: Furnace | Multizone | Hot Water

Schools

  • Elementary School: Farmington River
  • Middle School: Choice
  • High School: Choice

Lot Info

  • Estimated Acres: 9.06
  • Total Assessed Value: 304100.00
  • Assessed Year: 2020.00
  • Lot Description: Wooded
  • Lot Size Sq Ft: 394654.00
  • Map Ref: M: 17 L: 36
  • Right To Farm Comm: No
  • Zoning: Residential
  • Lot Dimensions: 394654
  • Easement: Unk
  • Survey: Unk

Tax Info

  • Taxes: 2536.00
  • Tax Year: 2020

MLS Schools

  • Elementary School: Farmington River
  • High School: Choice
  • Middle School: Choice

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2020
Closed on
Sep 19, 2020
Sold by
Verasco Cary S and Verasco Sarah A
Bought by
Patterson Troy G and Patterson Allison
Seller's Agent
David St. Laurent
BERKSHIRE HATHAWAY HOMESERVICES REALTY PROFESSIONALS OTIS
Buyer's Agent
David St. Laurent
BERKSHIRE HATHAWAY HOMESERVICES REALTY PROFESSIONALS OTIS
List Price
$399,000
Sold Price
$380,000
Premium/Discount to List
-$19,000
-4.76%
Current Estimated Value
$607,462

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,462
Avg. Annual Appreciation
13.19%
Original Mortgage
$200,000
Outstanding Balance
$179,091
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$514,684

Purchase Details

Closed on
Feb 21, 2014
Sold by
Gengler Matthew and Gengler Stephanie
Bought by
Verasco Cary S and Verasco Sarah A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2005
Sold by
Armstrong Bruce E and Armstrong Karen M
Bought by
Rooney Donna M and Gengler Matthew

Purchase Details

Closed on
Sep 8, 2000
Sold by
Meyer Roger A
Bought by
Armstrong Bruce E and Armstrong Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,500
Interest Rate
8.1%
Mortgage Type
Purchase Money Mortgage
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
Patterson Troy G $380,000 None Available
Verasco Cary S $310,000 --
Rooney Donna M $439,000 --
Armstrong Bruce E $215,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patterson Troy G $200,000
Previous Owner Verasco Cary S $248,000
Previous Owner Armstrong Bruce E $15,000
Previous Owner Armstrong Bruce E $193,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2020 10/02/20 Sold $380,000 -4.8% $148 / Sq Ft
08/23/2020 08/23/20 Pending -- -- --
08/14/2020 08/14/20 For Sale $399,000 -- $155 / Sq Ft
Source: Berkshire County Board 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
2025 $3,598 $556,900 $65,000 $491,900
2024 $3,444 $531,500 $66,700 $464,800
2023 $2,835 $428,200 $55,400 $372,800
2022 $2,830 $365,200 $53,600 $311,600
2021 $2,614 $308,600 $53,600 $255,000
2020 $2,536 $304,100 $53,600 $250,500
2019 $2,518 $304,100 $53,600 $250,500
2018 $3,596 $304,100 $53,600 $250,500
2017 $2,457 $304,100 $53,600 $250,500
2016 $2,360 $300,700 $53,600 $247,100
2015 $2,552 $338,900 $53,800 $285,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Berkshire County Board of REALTORS®

MLS Number: 231876

Berkshire County Board of REALTORS®

APN: OTIS-000017-000000-000036