NOT LISTED FOR SALE

7112 Rainbow Dr Louisville, KY 40272

Valley Village Neighborhood

Estimated Value: $119,000 - $165,291

2 Beds
1 Bath
998 Sq Ft
$143/Sq Ft Est. Value

Last Sold August 24, 2018

Last sale price $78,000 $78 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $871/month

112 Days on Market

Highlights

  • No HOA
  • Patio
  • Partially Fenced Property
  • 2 Car Detached Garage
  • Forced Air Heating System

About This Home

As of August 2018

Cute 2 bedroom. Additional area for 3rd bedroom, 1 bath ranch home .
998 sq, ft. New paint and some new updates.Home needs new floor covering an a/c unit updated kitchen cabinets and misc. Features large vaulted ceilings in living room and kitchen.Large eat in kitchen with French doors that open to a patio in backyard, Utility room with hookups. Nice 2 car detached garage.,
Storage shed and fenced back yard.Large driveway.

Last Agent to Sell the Property

George Wiles

Clay Wiles REALTORS License #191050 Listed on: 03/10/2018

Last Buyer's Agent

Larry Wells

Citizens Realty Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,172

Year Built

  • Built in 1955

Lot Details

  • 0.5

Parking

  • 2 Car Detached Garage
  • Driveway

Home Design

  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 998 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Patio
  • Partially Fenced Property
  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Valley Village Subdivision

Listing and Financial Details

  • Assessor Parcel Number 120101330119
  • Seller Concessions Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,172

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Stories: 1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Garage Yn: Yes
  • Subdivision Name: VALLEY VILLAGE
  • Above Grade Finished Sq Ft: 998.0
  • Architectural Style: Ranch
  • Rooms:Living Room5: Yes
  • Primary Bathroom Level: First
  • Primary Bedroom Level: First
  • Roof:Shingle: Yes
  • Foundation:Slab: Yes
  • Architectural Style Ranch: 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: 2
  • Total Bedrooms: 7
  • Basement:None6: Yes

Exterior Features

  • Fencing: Partial
  • Roof: Shingle
  • Acres: 0.5
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Patio

Garage/Parking

  • Garage Spaces: 2.0
  • Attached Garage: No
  • Parking Features: Detached, Driveway
  • General Property Description:Garage Spaces: 2
  • Garageparkingdriveway: Yes
  • GarageParking:Detached: Yes

Utilities

  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 21780.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 120101330119
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built: 1955

Tax Info

  • Tax Block: 0
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2018
Closed on
Aug 24, 2018
Sold by
Eiles Investments Inc
Bought by
Lucas Samuel E
Seller's Agent
George Wiles
Clay Wiles REALTORS
Buyer's Agent
Larry Wells
Citizens Realty Company
List Price
$75,860
Sold Price
$78,000
Premium/Discount to List
$2,140
2.82%
Current Estimated Value
$143,073

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,073
Avg. Annual Appreciation
9.36%
Original Mortgage
$10,000
Interest Rate
12%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Nov 9, 2017
Closed on
Jan 3, 2018
Sold by
U S Bank N A
Bought by
Wiles Investments Inc
Seller's Agent
Aaron Brailer
Owners.com
Buyer's Agent
George Wiles
Clay Wiles REALTORS
List Price
$41,400
Sold Price
$38,964
Premium/Discount to List
-$2,436
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
200.93%

Purchase Details

Closed on
May 10, 2017
Sold by
Hubert Joseph and Hubert Joseph Rashel
Bought by
Us Bank Na

Purchase Details

Closed on
Nov 14, 2016
Sold by
Joseph Rashel
Bought by
Joseph Hubert

Purchase Details

Closed on
Jun 24, 2005
Sold by
Ratcliff Tammy and Ratcliff Steve L
Bought by
Joseph Hubert and Joseph Rashel
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
Lucas Samuel E $78,000 None Available
Wiles Investments Inc $37,000 None Available
Us Bank Na -- None Available
Joseph Hubert -- None Available
Joseph Hubert $83,900 Mattingly Ford
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lucas Samuel E $10,000
Open Lucas Samual E $69,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2018 08/24/18 Sold $78,000 +12.2% $78 / Sq Ft
06/30/2018 06/30/18 Pending -- -- --
04/23/2018 04/23/18 Price Changed $69,500 -8.4% $70 / Sq Ft
03/10/2018 03/10/18 For Sale $75,860 +94.7% $76 / Sq Ft
01/05/2018 01/05/18 Sold $38,964 -5.9% $48 / Sq Ft
11/29/2017 11/29/17 Pending -- -- --
11/09/2017 11/09/17 For Sale $41,400 -- $51 / 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 $1,172 $100,620 $18,540 $82,080
2023 $1,205 $100,620 $18,540 $82,080
2022 $938 $78,000 $18,000 $60,000
2021 $1,010 $78,000 $18,000 $60,000
2020 $902 $78,000 $18,000 $60,000
2019 $884 $78,000 $18,000 $60,000
2018 $903 $80,560 $17,000 $63,560
2017 $845 $80,560 $17,000 $63,560
2013 $806 $80,560 $17,000 $63,560
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2018

    George Wiles

    Clay Wiles REALTORS

    (502) 361-1845

    5 Total Sales

    George Wiles
    Section Image

  • A

    Seller's Agent in 2018

    Aaron Brailer

    Owners.com

  • L

    Buyer's Agent in 2018

    Larry Wells

    Citizens Realty Company

    (502) 836-3891

    26 Total Sales

    Larry Wells
    Section Image
See All Agents

Map

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

MLS Number: 1497691

Metro Search (Greater Louisville Association of REALTORS®)

APN: 120101330119

Kentucky Jefferson County Louisville 40272 Valley Village

7112 Rainbow Dr, Louisville, KY

This home is located at 7112 Rainbow Dr, Louisville, KY 40272 since 10 March 2018 and is currently estimated at $143,073, approximately $143 per square foot. This property was built in 1955. 7112 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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