NOT LISTED FOR SALE

7012 Rainbow Dr Louisville, KY 40272

Valley Village Neighborhood

Estimated Value: $140,000 - $166,000

3 Beds
1 Bath
1,050 Sq Ft
$149/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $98,000 $93 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $942/month

8 Days on Market

About This Home

As of May 2021

This single family money maker rental home is for sale! If you're looking for an attractive yet inexpensive income producing property in Louisville to add to your portfolio, this is a perfect fit. This RENTAL home is fully occupied and comes with three bedrooms and one bathroom.The unit also includes washer and dryer hookups and a large backyard. The current tenant has been in place and is paying $900/month as well as all of the utilities. Due to occupancy of tenant, please do no walk around property or disturb tenant.

Last Agent to Sell the Property

Sabid Velic

Schuler Bauer Real Estate Services ERA Powered License #199680 Listed on: 04/23/2021

Schuler Bauer Real Estate Services ERA Powered

Last Buyer's Agent

Sabid Velic

Schuler Bauer Real Estate Services ERA Powered License #199680 Listed on: 04/23/2021

Schuler Bauer Real Estate Services ERA Powered

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,142

Year Built

  • Built in 1955

Lot Details

  • 0.25

Parking

  • Driveway

Home Design

  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,050 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Valley Village Subdivision

Listing and Financial Details

  • Legal Lot and Block 0008 / 1202
  • Assessor Parcel Number 120200080000
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,142

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Cooling System: Central Air
  • Stories: 1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Subdivision Name: VALLEY VILLAGE
  • Above Grade Finished Sq Ft: 1050.0
  • Architectural Style: Ranch
  • Full Bathroom Level: First
  • Rooms:Living Room5: Yes
  • Roof:Shingle: Yes
  • Cooling Central Air: Yes
  • Foundation:Slab: Yes
  • Architectural Style Ranch: Yes
  • Sewer:Public Sewer: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Bedroom Level: First
  • Kitchen Level: First
  • Laundry Level: First
  • Living Room Level: First
  • Other Level: First
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Total Bedrooms: 8
  • Basement:None6: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.25
  • Construction Type: Wood Frame
  • Foundation Details: Slab
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway
  • Garageparkingdriveway: Yes

Utilities

  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 120200080000
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built: 1955

Tax Info

  • Tax Block: 1202
  • Tax Lot: 0008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2021
Closed on
May 21, 2021
Sold by
Beta Llc
Bought by
Ahmad Sufian
Seller's Agent
Sabid Velic
Schuler Bauer Real Estate Services ERA Powered
Buyer's Agent
Sabid Velic
Schuler Bauer Real Estate Services ERA Powered
List Price
$100,000
Sold Price
$98,000
Premium/Discount to List
-$2,000
-2%
Current Estimated Value
$156,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,702
Avg. Annual Appreciation
11.56%

Purchase Details

Listed on
Sep 22, 2020
Closed on
Dec 17, 2020
Sold by
True Fm2017 1 Llc
Bought by
Beta Llc
Seller's Agent
Brian Stocker
PML Real Estate Group LLC
Buyer's Agent
Sabid Velic
Schuler Bauer Real Estate Services ERA Powered
List Price
$94,900
Sold Price
$75,000
Premium/Discount to List
-$19,900
-20.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
89.05%

Purchase Details

Closed on
Jan 4, 2018
Sold by
Ture Fm2017 1 Spe Llc
Bought by
True Fm2017 1 Llc

Purchase Details

Closed on
Dec 29, 2017
Sold by
Timber Real Esttae Holdings Llc
Bought by
True Fm2017 1 Spe Llc

Purchase Details

Closed on
Dec 18, 2015
Sold by
Timber Holdings Llc
Bought by
Ti Long Term Holdings I Llc
Source: Public Records

Range of Values:

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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
Ahmad Sufian $98,000 Executive Title Co
Beta Llc $175,000 None Available
True Fm2017 1 Llc -- None Available
Timber Real Estate Holdings Llc -- None Available
True Fm2017 1 Spe Llc -- None Available
Ti Long Term Holdings I Llc -- Wfg National Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $98,000 -2.0% $93 / Sq Ft
04/30/2021 04/30/21 Pending -- -- --
04/22/2021 04/22/21 For Sale $100,000 +33.3% $95 / Sq Ft
12/17/2020 12/17/20 Sold $75,000 -21.0% $72 / Sq Ft
12/01/2020 12/01/20 Pending -- -- --
09/22/2020 09/22/20 For Sale $94,900 +11403.0% $91 / Sq Ft
07/12/2015 07/12/15 Sold $825 -8.3% $1 / Sq Ft
06/12/2015 06/12/15 Pending -- -- --
05/27/2015 05/27/15 For Sale $900 -98.4% $1 / Sq Ft
12/12/2014 12/12/14 Sold $55,000 -15.4% $53 / Sq Ft
11/19/2014 11/19/14 Pending -- -- --
05/08/2014 05/08/14 For Sale $65,000 -- $62 / Sq Ft
Source: Metro Search (Greater Louisville 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 $1,142 $98,000 $18,000 $80,000
2023 $1,174 $98,000 $18,000 $80,000
2022 $1,178 $85,850 $18,000 $67,850
2021 $1,112 $85,850 $18,000 $67,850
2020 $993 $85,850 $18,000 $67,850
2019 $973 $85,850 $18,000 $67,850
2018 $845 $75,440 $17,000 $58,440
2017 $792 $75,440 $17,000 $58,440
2013 $670 $67,040 $17,000 $50,040
Source: Public Records

Agents Affiliated with this Home

  • Sabid Velic

    Seller's Agent in 2021

    Sabid Velic

    Schuler Bauer Real Estate Services ERA Powered

    (502) 802-7818

    6 in this area

    144 Total Sales

    Sabid Velic
    Section Image
  • Brian Stocker

    Seller's Agent in 2020

    Brian Stocker

    PML Real Estate Group LLC

    (502) 386-9033

    5 in this area

    595 Total Sales

    Brian Stocker
    Section Image

  • R

    Seller's Agent in 2015

    Russell Daniels

    Regional Realty

  • R

    Seller's Agent in 2014

    Robert Morris

    Semonin Realty

  • N

    Buyer's Agent in 2014

    Nicole Bhatt

    Greater Louisville Homes, LLC

See All Agents

Map

Source: Metro Search (Greater Louisville Association of REALTORS®)

MLS Number: 1584062

Metro Search (Greater Louisville Association of REALTORS®)

APN: 120200080000

Kentucky Jefferson County Louisville 40272 Valley Village

7012 Rainbow Dr, Louisville, KY

This home is located at 7012 Rainbow Dr, Louisville, KY 40272 since 23 April 2021 and is currently estimated at $156,702, approximately $149 per square foot. This property was built in 1955. 7012 Rainbow Dr is a home located in Jefferson County with nearby schools including Dixie Elementary School, Medora Elementary, and Johnsontown Road Elementary.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Metro Search (Greater Louisville Association of REALTORS®) The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. Copyright 2025 Metro Search, Inc.

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