NOT LISTED FOR SALE

848 Rainbow Trail Grapevine, TX 76051

Estimated Value: $330,000 - $367,000

3 Beds
2 Baths
1,333 Sq Ft
$262/Sq Ft Est. Value

Last Sold June 13, 2023

Current estimated payment $1,959/month

6 Days on Market

Highlights

  • Open Floorplan
  • Traditional Architecture
  • Covered Patio or Porch
  • Cannon Elementary School Rated A
  • Granite Countertops
  • 2-minute walk to Sunshine Harbor Park

About This Home

As of June 2023

Charming 3 bedroom 2 bath home nestled in Historic Downtown Grapevine. This home sits within the highly sought after GCISD. Just minutes from the entertainment district, DFW airport, TexRail Station, and beautiful Grapevine Lake. Recent updates throughout- granite countertops, remodeled bathrooms, wood look ceramic tile floors, and more! Spacious open concept kitchen with tile backsplash, gas cooktop, painted kitchen cabinets and SS appliances. Great home for first time homebuyers or long term investors. Contact me for details and please provide proof of funds with all offers.

Last Agent to Sell the Property

Bradley Burns

Century 21 Mike Bowman, Inc. License #0698935 Listed on: 05/18/2023

Century 21 Mike Bowman, Inc.

Last Buyer's Agent

Kyle Davis

Funk Realty Group, LLC License #0778158

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,537

Year Built

  • Built in 1967

Lot Details

  • 6,882 Sq Ft Lot
  • Wood Fence
  • Landscaped
  • Interior Lot
  • Few Trees
  • Large Grassy Backyard

Parking

  • 2-Car Garage with two garage doors

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,333 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Ceramic Tile Flooring
  • Fire and Smoke Detector
  • Laundry in Garage

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch

Schools

  • Cannon Elementary School
  • Colleyville Middle School
  • Grapevine High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Community Details

  • Sunshine Harbor Add Subdivision

Listing and Financial Details

  • Tax Lot 163
  • Assessor Parcel Number 03052990
  • $4,954 per year unexempt tax

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,537

Year Built

Built in 1967

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Structural Style: Single Detached
  • Unit Levels: One
  • Security: Smoke Detector(s)
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Notice Surveillance Devices Pres: None
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Attribution Contact: 682-226-6938
  • Special Features: None
  • Year Built: 1967

Interior Features

  • Square Footage: 1333.00
  • Interior Amenities: Cable TV Available, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Open Floorplan
  • Flooring: Ceramic Tile
  • Appliances: Dishwasher, Disposal, Gas Cooktop
  • Basement YN: No
  • Number Of Dining Areas: 1
  • Number Of Living Areas: 2
  • Room Count: 9

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: Wood
  • Roof: Composition
  • Soil Type: Unknown
  • Construction Materials: Brick
  • Exterior Features: Covered Patio/Porch
  • Patio And Porch Features: Covered

Garage/Parking

  • Cooling System: Ceiling Fan(s), Central Air, Electric
  • Garage Spaces: 2
  • Total Covered Spaces: 2
  • Parking Features: 2-Car Double Doors, Concrete, Garage
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Heating: Central, Natural Gas
  • LaundryFeatures: In Garage
  • Utilities: Cable Available, City Sewer, City Water

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Grapevine-Colleyville ISD
  • Elementary School: Cannon

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Features: Few Trees, Interior Lot, Landscaped, Lrg. Backyard Grass
  • Lot Size Units: Acres
  • Lot Size Area: 0.1580
  • Parcel Number: 03052990
  • Lot Size Acres: 0.1580
  • Lot Size Sq Ft: 6882.4800

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1967

Tax Info

  • Unexempt Taxes: 4954
  • Special Taxing Entities: No
  • Tax Lot: 163

MLS Schools

  • Middle School Name: Colleyville
  • Elementary School Name: Cannon
  • High School Name: Grapevine

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2023
Closed on
Jun 13, 2023
Sold by
Drake Korine
Bought by
Simon Navith and Simon Max
Seller's Agent
Bradley Burns
Century 21 Mike Bowman, Inc.
Buyer's Agent
Kyle Davis
Funk Realty Group, LLC
List Price
$335,000
Views
22
Current Estimated Value
$349,172

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.75%
Original Mortgage
$150,000
Outstanding Balance
$145,989
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$203,183

Purchase Details

Closed on
Aug 4, 2014
Sold by
Sotne Mitchell and Stone Susan A
Bought by
Drake Korine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,210
Interest Rate
4.17%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 2, 2009
Sold by
Cooper Josh and Stone Cooper Emma L
Bought by
Stone Mitchell and Stone Susan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,457
Interest Rate
5.26%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 28, 2008
Sold by
Ramirez Dante
Bought by
Stone Cooper Emma L and Cooper Josh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,457
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 11, 2002
Sold by
Ramirez Mary Frances Barr
Bought by
Ramirez Dante

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,732
Interest Rate
6.8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 25, 1998
Sold by
Wambsganss Phillip B and Wambsganss Tiffani L
Bought by
Ramirez Dante and Barr Mary Frances

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,732
Interest Rate
6.91%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 6, 1994
Sold by
Federal National Mortgage Association
Bought by
Wambsganss Phillip B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,500
Interest Rate
7.61%

Purchase Details

Closed on
Jan 4, 1994
Sold by
Ortolani Shelley
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 7, 1993
Sold by
Ortolani Shelley
Bought by
Federal National Mortgage Association
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
Simon Navith -- Capital Title Of Texas
Drake Korine -- Tiago Title Llc
Stone Mitchell -- Reunion Title
Stone Cooper Emma L -- Federal Title Inc
Ramirez Dante -- --
Ramirez Dante -- First American Title Co
Wambsganss Phillip B -- Safeco Land Title
Federal National Mortgage Association -- --
Federal National Mortgage Association -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simon Navith $150,000
Previous Owner Drake Korine $151,210
Previous Owner Stone Mitchell $132,457
Previous Owner Stone Cooper Emma L $132,457
Previous Owner Ramirez Dante $78,732
Previous Owner Ramirez Dante $78,732
Previous Owner Wambsganss Phillip B $45,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/13/2023 06/13/23 Sold -- -- --
05/24/2023 05/24/23 Pending -- -- --
05/24/2023 05/24/23 For Sale $335,000 0.0% $251 / Sq Ft
05/20/2023 05/20/23 Pending -- -- --
05/18/2023 05/18/23 For Sale $335,000 -- $251 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

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 $1,537 $318,619 $65,000 $253,619
2024 $1,537 $318,619 $65,000 $253,619
2023 $2,975 $312,597 $55,000 $257,597
2022 $4,430 $223,625 $30,000 $193,625
2021 $5,056 $252,637 $30,000 $222,637
2020 $4,649 $235,092 $30,000 $205,092
2019 $4,382 $236,720 $30,000 $206,720
2018 $1,039 $174,695 $30,000 $144,695
2017 $3,673 $176,074 $30,000 $146,074
2016 $3,339 $144,376 $30,000 $114,376
2015 $3,108 $135,500 $15,000 $120,500
2014 $3,108 $135,500 $15,000 $120,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20328807

North Texas Real Estate Information Systems (NTREIS)

APN: 03052990