1029 Rainbow Drive has been categorized by the local assessors in Spring Branch, TX as a commercial type of property.
The building on the property was first built in 2013 and is 11 years old.
This is a single story building so stairs are not necessary to access other parts of the home.
In addition, 1029 Rainbow Drive has 8,900 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building.
The area measurement of the land has been determined as 87,991 square feet.
Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 875 sqft. According to our sources, there are a total of 3 available parking spaces. The exterior walls of the building are made of metal. Finally, the property is currently sourcing its water from a well system. The property is connected to a septic system and not a municipal sewage system. The homeowner of this property will need to handle their own water disposal. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1029 Rainbow Drive was last sold in Feb 25, 2022 for $512,050. According to our calculations, that's $57.53 per sqft. Prior to that sales transaction, the property was sold for $252,500 in Oct 19, 2012. Current property owners are expected to pay $14,700 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2020. The property on 1029 Rainbow Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $984,070. To break that down further, the land itself was valued at $123,540. While improvements to the property were assessed at a total of $860,530. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.
Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 875 sqft. According to our sources, there are a total of 3 available parking spaces. The exterior walls of the building are made of metal. Finally, the property is currently sourcing its water from a well system. The property is connected to a septic system and not a municipal sewage system. The homeowner of this property will need to handle their own water disposal. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1029 Rainbow Drive was last sold in Feb 25, 2022 for $512,050. According to our calculations, that's $57.53 per sqft. Prior to that sales transaction, the property was sold for $252,500 in Oct 19, 2012. Current property owners are expected to pay $14,700 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2020. The property on 1029 Rainbow Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $984,070. To break that down further, the land itself was valued at $123,540. While improvements to the property were assessed at a total of $860,530. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.
This property description is generated based on publicly available data.
1029 Rainbow Drive, Spring Branch, TX 78070
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