NOT LISTED FOR SALE

9121 E Rainbow Ln Cromwell, IN 46732

Estimated Value: $438,000 - $537,000

3 Beds
2.5 Baths
1,915 Sq Ft
$246/Sq Ft Est. Value

Last Sold June 30, 2020

Last sale price $300,000 $157 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $2,735/month

118 Days on Market

Highlights

  • Pier or Dock
  • Home fronts a canal
  • Vaulted Ceiling
  • Primary Bedroom Suite
  • Lake Property
  • Corner Lot

About This Home

As of June 2020

Summer fun! Beautiful home on nice channel location that leads to beautiful & enjoyment filled Wawasee Lake. Nice floor plan with gas fireplace, handsome open kitchen with center island, quiet close drawers, deep stainless steel sink, walk-in pantry & more. ML master suite, 2 UL bedrooms; upper level includes bathroom & open loft. Large garage & pull down attic space for additional storage space. Includes patio, decking, piers, landscaping, fencing, and water pump to circulate the water. Furniture is negotiable. Actual water frontage footage is unknown. See Documents for the COVID 19 forms.

Last Agent to Sell the Property

Dean Slabach

RE/MAX Results-Goshen Listed on: 02/02/2020

Last Buyer's Agent

Tina Miller

RE/MAX Results-Goshen

RE/MAX Results-Goshen

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,103

Year Built

  • Built in 2005

Lot Details

  • 8,700 Sq Ft Lot
  • Lot Dimensions are 75 x 116
  • Home fronts a canal
  • Partially Fenced Property
  • Corner Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Vinyl Construction Material

Interior Spaces

  • 1.5-Story Property
  • Vaulted Ceiling
  • Self Contained Fireplace Unit Or Insert
  • Living Room with Fireplace
  • Pull Down Stairs to Attic
  • Disposal
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet

Outdoor Features

  • Sun Deck
  • Waterski or Wakeboard
  • Lake Property
  • Lake, Pond or Stream
  • Patio

Schools

  • Syracuse Elementary School
  • Wawasee Middle School
  • Wawasee High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Private Company Owned Well
  • Well

Listing and Financial Details

  • Assessor Parcel Number 43-04-13-404-011.000-025

Community Details

Overview

  • Enchanted Hills Subdivision

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,103

Year Built

Built in 2005

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Property Sub Type: Site-Built Home
  • Waterfront: Yes
  • Year Built: 2005
  • Age: 15
  • Style: One and Half Story
  • Total Number of Rooms: 7
  • Bedrooms: 3
  • Number Above Grade Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Bathrooms: 2
  • Total Number of Half Bathrooms: 1
  • Legal Description: 007-050-266 Lot 578 Amend PL of SEC.1A & BB Enchanted Hills
  • Parcel Number ID: 43-04-13-404-011.000-025
  • Platted: Yes
  • Amenities: Attic Pull Down Stairs, Ceilings-Vaulted, Closet(s) Walk-in, Deck Open, Deck on Waterfront, Disposal, Patio Open, Main Level Bedroom Suite, Main Floor Laundry
  • Location: Lake
  • Sp Lp Percent: 95.27
  • Year Taxes Payable: 2018
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Sq Ft: 1915
  • Total Finished Sq Ft: 1915
  • Above Grade Finished Sq Ft: 1915
  • Price Per Sq Ft: 156.66
  • Basement Foundation: Slab
  • Number Of Fireplaces: 1
  • Fireplace: Living/Great Rm, Fireplace Insert
  • Fireplace: Yes
  • Living Great Room: Dimensions: 19x21, On Level: Main
  • Kitchen: Dimensions: 14x14, On Level: Main
  • Dining Room: Dimensions: 10x14, On Level: Main
  • Family Room: Dimensions: 11x13, On Level: Upper
  • Bedroom 1: Dimensions: 12x14, On Level: Main
  • Bedroom 2: Dimensions: 12x14, On Level: Upper
  • Bedroom 3: Dimensions: 11x11, On Level: Upper
  • Main Level Sq Ft: 1105
  • Number of Main Level Full Bathrooms: 1
  • Number of Main Level Half Bathrooms: 1

Exterior Features

  • Exterior: Vinyl
  • Outbuilding1: None
  • Fence: Partial
  • Lake Type: Ski Lake
  • Water Features: Pier/Dock
  • Water Name: Lake Wawasee

Garage/Parking

  • Garage Type: Attached
  • Garage Number Of Cars: 2
  • Garage Size: Dimensions: 24x22
  • Garage Sq Ft: 528
  • Garage: Yes

Utilities

  • Cooling: Central Air
  • Heating Fuel: Gas, Forced Air
  • Sewer: Public
  • Water Utilities: Well
  • Water Type: Lake
  • Well Type: Private

Schools

  • School District: Wawasee
  • Elementary School: Syracuse
  • Middle School: Wawasee
  • High School: Wawasee
  • Elementary School: Syracuse

Lot Info

  • Lot Description: Corner, Waterfront, Waterfront-Medium Bank
  • Lot Dimensions: 75 X 116
  • Estimated Lot Sq Ft: 8700
  • Estimated Lot Size Acres: 0.2
  • Lot Number: 578

Tax Info

  • Annual Taxes: 1103
  • Total Assessed Value: 236400
  • Exemptions: Homestead, Mortgage

Multi Family

  • Water Access: Channel Front/Canal

MLS Schools

  • High School: Wawasee
  • Middle School: Wawasee
  • School District: Wawasee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2020
Closed on
Jun 5, 2020
Sold by
Troyer Aaron J
Bought by
Lanning Debra E
Seller's Agent
Dean Slabach
RE/MAX Results-Goshen
Buyer's Agent
Tina Miller
RE/MAX Results-Goshen
List Price
$319,900
Sold Price
$300,000
Premium/Discount to List
-$19,900
-6.22%
Current Estimated Value
$471,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,718
Avg. Annual Appreciation
7.69%
Original Mortgage
$270,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 6, 2018
Closed on
Nov 19, 2018
Sold by
Roberts Bruce D and Roberts Judy L
Bought by
Troyer Aaron J
Seller's Agent
Tara Lochmandy
Cressy & Everett- Goshen
Buyer's Agent
Dean Slabach
RE/MAX Results-Goshen
List Price
$299,000
Sold Price
$285,000
Premium/Discount to List
-$14,000
-4.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.24%
Original Mortgage
$213,750
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 2, 2017
Sold by
Roberts Bruce D and Roberts Judy I
Bought by
Roberts Bruce D and Roberts Judy I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
3.83%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 18, 2016
Sold by
Roberts Bruce D and Roberts Judy I
Bought by
Roberts Bruce D and Roberts Judy I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.59%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 13, 2016
Sold by
Roberts Bruce D and Roberts Judy I
Bought by
Roberts Bruce D and Roberts Judy I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.59%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
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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
Lanning Debra E -- Metropolitan Title Of In Llc
Troyer Aaron J -- Hamilton National Title Llc
Roberts Bruce D -- Meridian Title Corp
Roberts Bruce D -- None Available
Roberts Bruce D -- Mtc
Roberts Bruce D -- Mtc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lanning Debra E $270,000
Previous Owner Troyer Aaron J $213,750
Previous Owner Roberts Bruce D $160,000
Previous Owner Roberts Bruce D $50,000
Previous Owner Merrick F Edwin $38,295
Previous Owner Merrick F Edwin $138,600
Previous Owner Merrick F Edwin $44,370
Previous Owner Merrick F Edwin $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2020 06/30/20 Sold $300,000 -4.7% $157 / Sq Ft
05/30/2020 05/30/20 Pending -- -- --
04/08/2020 04/08/20 Price Changed $314,900 -1.6% $164 / Sq Ft
02/02/2020 02/02/20 For Sale $319,900 +12.2% $167 / Sq Ft
11/19/2018 11/19/18 Sold $285,000 -4.7% $149 / Sq Ft
10/11/2018 10/11/18 Pending -- -- --
09/30/2018 09/30/18 For Sale $299,000 +4.9% $156 / Sq Ft
09/29/2018 09/29/18 Off Market $285,000 -- --
08/06/2018 08/06/18 For Sale $299,000 +15.4% $156 / Sq Ft
07/31/2015 07/31/15 Sold $259,000 -10.7% $135 / Sq Ft
06/25/2015 06/25/15 Pending -- -- --
01/29/2015 01/29/15 For Sale $289,900 -- $151 / Sq Ft
Source: Indiana Regional MLS

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 $2,042 $405,000 $111,000 $294,000
2023 $1,965 $392,500 $106,600 $285,900
2022 $1,785 $341,000 $95,600 $245,400
2021 $1,392 $276,900 $80,900 $196,000
2020 $1,110 $250,900 $77,200 $173,700
2019 $1,219 $245,900 $77,200 $168,700
2018 $1,108 $236,400 $77,200 $159,200
2017 $1,039 $221,100 $71,700 $149,400
2016 $916 $222,800 $71,700 $151,100
2014 $760 $180,100 $52,100 $128,000
2013 $760 $188,400 $53,500 $134,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202004418

Indiana Regional MLS

APN: 43-04-13-404-011.000-025