NOT LISTED FOR SALE

7405 Rainbow Dr Spencer, IN 47460

Estimated Value: $182,000 - $192,053

2 Beds
1 Bath
1,024 Sq Ft
$184/Sq Ft Est. Value

Sale Details

Date Sold: September 11, 2020

Last sale price $117,000 $114 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $1,060 / mo

66 Days on Market

About This Home

As of September 2020

Sweet home in Spencer Indiana. This 2 bed 1 bath home comes mostly renovated. New owners will enjoy a brand new Luxury Vinyl Plank flooring, fresh paint, tall baseboards, updated lighting, and stainless steel appliances. Relax on your new front deck or back deck and enjoy almost 2 acres of quiet country living. Well and Septic have recently been serviced to provide the new owners a turnkey property with no worries. Washer and Dryer come with the property and new 3 tons of stone will line the driveway by June 27.

Last Agent to Sell the Property

Chris Berg

eXp Realty LLC Brokerage Phone: 812-318-0050 Listed on: 06/27/2020

eXp Realty LLC

Last Buyer's Agent

Caprice Huntzinger

Realty Professionals

Realty Professionals

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $170

Year Built

  • Built in 1988

Lot Details

  • 1.88 Acre Lot
  • Level Lot

Home Design

  • Vinyl Construction Material

Interior Spaces

  • 1,024 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Patricksburg Elementary School
  • Owen Valley Middle School
  • Owen Valley High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Powered By Leased Propane
  • Private Company Owned Well
  • Well
  • Septic System

Community Details

  • Locust Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 60-11-07-300-090.000-022

Home Details

Home Type

Single Family

Est. Annual Taxes

$170

Year Built

Built in 1988

Lot Details

1.88 Acres

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Year Built: 1988
  • Style: One Story
  • Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: PT SW S7 T10 R4 1.88A AKA TRACT 2
  • Parcel Number ID: 60-11-07-300-090.000-022
  • Platted: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1024
  • Total Finished Sq Ft: 1024
  • Above Grade Finished Sq Ft: 1024
  • Bedroom 1: Dimensions: 12x12, On Level: Main
  • Bedroom 2: Dimensions: 12x12, On Level: Main
  • Number of Main Level Full Bathrooms: 1

Exterior Features

  • Exterior: Vinyl
  • Outbuilding1: None

Utilities

  • Cooling: Wall AC
  • Heating Fuel: Propane Tank Rented
  • Sewer: Septic
  • Water Utilities: Well
  • Well Type: Private

Schools

  • Elementary School: Patricksburg

Lot Info

  • Lot Description: Level
  • Estimated Lot Sq Ft: 81893
  • Estimated Lot Size Acres: 1.88

Tax Info

  • Annual Taxes: 170

MLS Schools

  • High School: Owen Valley
  • Middle School: Owen Valley
  • School District: Spencer-Owen Community Schools

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2020
Closed on
Sep 10, 2020
Sold by
Highlander Property Management Llc
Bought by
Wallace Shawn Michael
Seller's Agent
Chris Berg
eXp Realty LLC
Buyer's Agent
Caprice Huntzinger
Realty Professionals
List Price
$119,000
Sold Price
$117,000
Premium/Discount to List
-$2,000
-1.68%
Current Estimated Value
$188,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,263
Avg. Annual Appreciation
8.69%
Original Mortgage
$117,000
Outstanding Balance
$102,644
Interest Rate
2.9%
Mortgage Type
VA
Estimated Equity
$85,619

Purchase Details

Closed on
May 1, 2020
Sold by
Nethery Mabel E
Bought by
Highlander Property Management Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Wallace Shawn Michael $117,000 Title Plus
Highlander Property Management Llc $25,000 Title Plus
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Wallace Shawn Michael $117,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/11/2020 09/11/20 Sold $117,000 -1.7% $114 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
06/27/2020 06/27/20 For Sale $119,000 -- $116 / Sq Ft
Source: Indiana Regional MLS

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 $489 $157,200 $32,900 $124,300
2024 $450 $140,200 $24,400 $115,800
2023 $774 $137,400 $24,400 $113,000
2022 $721 $119,800 $27,000 $92,800
2021 $574 $97,600 $27,000 $70,600
2020 $441 $88,000 $21,500 $66,500
2019 $1,451 $81,400 $17,800 $63,600
2018 $168 $77,100 $17,800 $59,300
2017 $161 $76,300 $17,800 $58,500
2016 $149 $73,400 $17,800 $55,600
2014 $350 $69,100 $17,800 $51,300
2013 -- $67,600 $17,800 $49,800
Source: Public Records

Agents Affiliated with this Home

  • Chris Berg

    Seller's Agent in 2020

    Chris Berg

    eXp Realty LLC

    (812) 318-0050

    56 Total Sales

    Chris Berg
    Section Image

  • C

    Buyer's Agent in 2020

    Caprice Huntzinger

    RE/MAX

    Section Image
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Map

Source: Indiana Regional MLS

MLS Number: 202024333

Indiana Regional MLS

APN: 60-11-07-300-090.000-022

Indiana Owen County Spencer 47460

7405 Rainbow Dr, Spencer, IN

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.

Indiana Regional MLS Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Based on information submitted to the MLS GRID

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