NOT LISTED FOR SALE

7041 Rainbow Ct Riverside, CA 92506

Estimated Value: $638,000 - $670,000

3 Beds
2 Baths
1,774 Sq Ft
$369/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $535,000 $302 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $3,999/month

16 Days on Market

Highlights

  • No HOA
  • 2 Car Attached Garage
  • Central Heating and Cooling System
  • Neighborhood Views
  • Laundry Room
  • Back and Front Yard

About This Home

As of April 2021

Remodeled single story home in Riverside. 3 bed and 2 baths all new paint with recessed lighting, and luxury vinyl floors. Open kitchen with white cabinets, Quartz countertops and subway tile backsplash. Huge family room to stay connected with the entire family. Living room and updated bathrooms. New carpet in bedrooms. Central air and heat. Big backyard for entertaining. 2 car attached garage with lots of parking. Close to parks, shopping, and freeways.

Last Agent to Sell the Property

Leslie Wilson

RE/MAX INNOVATIONS License #01490787 Listed on: 04/07/2021

RE/MAX INNOVATIONS

Last Buyer's Agent

Adriana Hesford

EXCELLENCE EMPIRE REAL ESTATE License #01180938

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,279

Year Built

  • Built in 1959

Lot Details

  • 7,405 Sq Ft Lot
  • Back and Front Yard
  • Property is zoned R1

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,774 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 312
  • Assessor Parcel Number 235081007

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,279

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • View: Yes
  • Zoning: R1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 235081007
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1774.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 301.58
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Schools

  • School District: Riverside Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7405.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 312.00
  • Tax Lot: 7
  • Tax Tract Number: 312

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2021
Closed on
Apr 22, 2021
Sold by
Wilson Group Llc
Bought by
Velazquez Diane and Medina Jiselle M
Seller's Agent
Leslie Wilson
RE/MAX INNOVATIONS
Buyer's Agent
Adriana Hesford
EXCELLENCE EMPIRE REAL ESTATE
List Price
$519,900
Sold Price
$535,000
Premium/Discount to List
$15,100
2.9%
Total Days on Market
16
Current Estimated Value
$654,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,935
Avg. Annual Appreciation
5.03%
Original Mortgage
$479,750
Outstanding Balance
$436,892
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$218,043

Purchase Details

Listed on
Apr 7, 2021
Closed on
Apr 19, 2021
Sold by
Medina Edgar
Bought by
Velazquez Diane
Seller's Agent
Leslie Wilson
RE/MAX INNOVATIONS
Buyer's Agent
Adriana Hesford
EXCELLENCE EMPIRE REAL ESTATE
List Price
$519,900
Sold Price
$535,000
Premium/Discount to List
$15,100
2.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,750
Outstanding Balance
$436,892
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$218,043

Purchase Details

Listed on
Apr 7, 2021
Closed on
Mar 8, 2021
Sold by
Renon Larry J
Bought by
Sundae Inc
Seller's Agent
Leslie Wilson
RE/MAX INNOVATIONS
Buyer's Agent
Adriana Hesford
EXCELLENCE EMPIRE REAL ESTATE
List Price
$519,900
Sold Price
$535,000
Premium/Discount to List
$15,100
2.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,750
Outstanding Balance
$436,892
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$218,043

Purchase Details

Listed on
Apr 7, 2021
Closed on
Mar 5, 2021
Sold by
Renon Pamela Martin
Bought by
Renon Larry J
Seller's Agent
Leslie Wilson
RE/MAX INNOVATIONS
Buyer's Agent
Adriana Hesford
EXCELLENCE EMPIRE REAL ESTATE
List Price
$519,900
Sold Price
$535,000
Premium/Discount to List
$15,100
2.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,750
Outstanding Balance
$436,892
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$218,043

Purchase Details

Listed on
Apr 7, 2021
Closed on
Mar 3, 2021
Sold by
Sundae Inc
Bought by
The Wilson Group Llc
Seller's Agent
Leslie Wilson
RE/MAX INNOVATIONS
Buyer's Agent
Adriana Hesford
EXCELLENCE EMPIRE REAL ESTATE
List Price
$519,900
Sold Price
$535,000
Premium/Discount to List
$15,100
2.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,750
Outstanding Balance
$436,892
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$218,043

Purchase Details

Closed on
Oct 16, 2017
Sold by
Renon Larry J and Renon Janet K
Bought by
Renon Larry J and Renon Janet K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
3.78%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2016
Sold by
Larry & Janet Renon Revocable Living Tru
Bought by
Renon Larry and Renon Janet

Purchase Details

Closed on
Jun 3, 2009
Sold by
Renon Larry J
Bought by
Renon Larry J and Renon Janet K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,800
Interest Rate
4.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 23, 2003
Sold by
Renon Mary H
Bought by
Renon Larry J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,500
Interest Rate
1.95%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
Velazquez Diane $535,000 Usa National Title
Velazquez Diane -- Usa National Title
Sundae Inc $400,000 Priority Title
Renon Larry J -- Priority Title
The Wilson Group Llc $420,000 Usa National Ttl Co Redlands
Renon Larry J -- Stewart Title Of California
Renon Larry -- None Available
Renon Larry J -- None Available
Renon Larry J -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velazquez Diane $479,750
Previous Owner The Wilson Group Llc $336,000
Previous Owner Renon Larry J $238,000
Previous Owner Renon Larry J $152,800
Previous Owner Allen Cruz Llc $1,338,000
Previous Owner Renon Larry J $124,000
Previous Owner Renon Larry J $117,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $535,000 0.0% $302 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
04/18/2021 04/18/21 Off Market $535,000 -- --
04/07/2021 04/07/21 For Sale $519,900 +30.0% $293 / Sq Ft
03/12/2021 03/12/21 Sold $400,000 0.0% $225 / Sq Ft
02/25/2021 02/25/21 Pending -- -- --
01/08/2021 01/08/21 Off Market $400,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

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
2023 $6,279 $556,614 $93,636 $462,978
2022 $6,137 $545,700 $91,800 $453,900
2021 $825 $73,368 $14,065 $59,303
2020 $818 $72,616 $13,921 $58,695
2019 $802 $71,194 $13,649 $57,545
2018 $786 $69,799 $13,383 $56,416
2017 $772 $68,431 $13,121 $55,310
2016 $725 $67,090 $12,864 $54,226
2015 $713 $66,084 $12,672 $53,412
2014 $704 $64,792 $12,425 $52,367
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV21069779

California Regional Multiple Listing Service (CRMLS)

APN: 235-081-007