NOT LISTED FOR SALE

21 Rainbow Ln Palm Coast, FL 32164

Estimated Value: $460,757 - $504,000

6 Beds
4 Baths
2,518 Sq Ft
$190/Sq Ft Est. Value

Last Sold May 25, 2022

Last sale price $490,000 $195 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,142/month

3 Days on Market

Highlights

  • Multiple cooling system units
  • Central Heating
  • Fenced
  • Indian Trails Middle School Rated A-
  • Garage

About This Home

As of May 2022

nvestors!!! Need that residual income? This may be just perfect for you! Both sides are rented with tenants who have been there for some time . Each side is 3 bedroom, 2 bath with a lanai and a 1 car garage.

Last Agent to Sell the Property

Julie Sabine

Realty Exchange, LLC. License #3080128 Listed on: 04/10/2022

Realty Exchange, LLC.

Last Buyer's Agent

Karen Nelson

Nonmember office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,375

Year Built

  • Built in 2003

Lot Details

  • 10,019 Sq Ft Lot
  • Fenced

Home Design

  • 2,518 Sq Ft Home
  • Duplex
  • Shingle Roof
  • Concrete Block And Stucco Construction
  • Block And Beam Construction

Kitchen

  • Electric Range
  • Dishwasher

Parking

  • Garage
  • Off-Street Parking

Utilities

  • Multiple cooling system units
  • Central Heating
  • Heat Pump System

Additional Features

  • 6 Bedrooms
  • Washer and Gas Dryer Hookup

Community Details

  • 2 Units
  • Not On The List Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, water
  • Assessor Parcel Number 07-11-31-7030-00200-0120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,375

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Subdivision Name: Not On The List
  • Directions: Belle Terre to Rymfire to Rae to Raintree Place to Rainbow Lane. Or use GPS if out of area.
  • Carport Y N: No
  • Year Built: 2003
  • Reso Property Type: ResidentialIncome
  • Appliances Refrigerators: Yes
  • Roof:Shingle: Yes
  • Sewer:Public Sewer: Yes
  • General Property Information Lot Size Acres: 0.23
  • Location Tax and Legal:Parcel Number: 07-11-31-7030-00200-0120
  • Location Tax and Legal:Tax Annual Amount: 4375.0
  • Location Tax and Legal:Tax Year: 2021
  • Water Source:Public: Yes
  • Cooling:Multi Units: Yes
  • Fencing Fenced: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • General Property Information Number Of Units Total2: 2.0
  • Unit 1 Details Furnished3: Unfurnished
  • Unit 2 Details Furnished4: Unfurnished
  • Laundry Features Gas Dryer Hookup: Yes
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Electric Range, Dishwasher
  • Total Bedrooms: 6
  • Living Area: 2518.0
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Fencing: Fenced
  • Construction Type: Block, Concrete, Stucco
  • Roof: Shingle
  • Construction Materials:Block: Yes
  • Construction Materials:Concrete: Yes
  • Construction Materials:Stucco: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Garage, Off Street
  • Parking Features:Garage: Yes
  • Parking Features:Off Street: Yes

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Cooling: Multi Units
  • Cooling Y N: Yes
  • Heating: Central, Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Heat Pump: Yes
  • Heating:Electric3: Yes

Lot Info

  • Current Use: Multi-Family
  • Lot Size Sq Ft: 10018.8
  • Parcel #: 07-11-31-7030-00200-0120
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Cable TV, Electricity, Water

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 4375.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2007
Sold by
Marano Nunzio
Bought by
Marano Nunzio and Difippis Anttoniete Marano
Total Days on Market
3
Current Estimated Value
$476,662

Purchase Details

Closed on
May 16, 2005
Sold by
Alvares Joe and Alvares Yvonne
Bought by
Marano Nunzio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Outstanding Balance
$101,053
Interest Rate
5.87%
Mortgage Type
Commercial
Estimated Equity
$377,199

Purchase Details

Closed on
Aug 30, 2002
Sold by
Fl C D Ent Inc
Bought by
Alvares Joe and Alvares Yvonne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.4%
Mortgage Type
Commercial
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
Marano Nunzio -- Attorney
Marano Nunzio $250,000 Victory Title Llc
Alvares Joe $8,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marano Nunzio $187,500
Previous Owner Alvares Joe $124,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2022 05/25/22 Sold $490,000 0.0% $195 / Sq Ft
04/13/2022 04/13/22 Pending -- -- --
04/10/2022 04/10/22 For Sale $490,000 -- $195 / Sq Ft
Source: Daytona Beach Area 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 $6,540 $356,323 $44,000 $312,323
2023 $6,540 $352,997 $43,500 $309,497
2022 $5,005 $327,615 $44,500 $283,115
2021 $4,375 $247,445 $21,000 $226,445
2020 $3,999 $217,562 $16,000 $201,562
2019 $3,626 $189,370 $13,775 $175,595
2018 $3,450 $186,424 $10,925 $175,499
2017 $3,087 $160,861 $8,550 $152,311
2016 $2,732 $133,467 $0 $0
2015 $2,492 $121,334 $0 $0
2014 $2,370 $113,811 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Julie Sabine

    Seller's Agent in 2022

    Julie Sabine

    Realty Exchange, LLC.

    (386) 931-6311

    710 in this area

    952 Total Sales

    Section Image

  • K

    Buyer's Agent in 2022

    Karen Nelson

    Nonmember office

    (386) 677-7131

    1,320 in this area

    9,409 Total Sales

    Section Image

  • n

    Buyer's Agent in 2022

    non member

    Hayward Brown, Inc.

See All Agents

Map

Source: Daytona Beach Area Association of REALTORS®

MLS Number: 1095326

Daytona Beach Area Association of REALTORS®

APN: 07-11-31-7030-00200-0120

Florida Flagler County Palm Coast 32164

21 Rainbow Ln, Palm Coast, FL

This home is located at 21 Rainbow Ln, Palm Coast, FL 32164 since 10 April 2022 and is currently estimated at $478,252, approximately $189 per square foot. This property was built in 2003. 21 Rainbow Ln is a home located in Flagler County with nearby schools including Rymfire Elementary School, Indian Trails Middle School, and Matanzas High School.

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.

Daytona Beach Area Association of REALTORS® 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.
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