1050 Rainbow Drive Northeast

1050 Rainbow Drive Northeast in Lancaster, OH was first built in 1966 and is 58 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a raised ranch style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1050 Rainbow Drive Northeast has 1,148 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 624 sqft and has been categorized as a full basement. The linear feet across the front of the lot is 970 ft and the linear feet between the front and back of the lot is 2,200. In total, the area measurement of the land is 21,340 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a garage underground or in the basement. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as good. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heat pump and being fueled with electricity. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1050 Rainbow Drive Northeast sold most recently in Dec 23, 2003 for a total of $129,500. If you work out the math, that's approximately a cost of $112.80 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,983 in taxes each year. 1050 Rainbow Drive Northeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $73,270. If we break it down further, the land itself was valued at $13,360. Improvements to the property, however, were assessed at a total of $59,910. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.