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Jacksonville 32217 Lakewood
2799 RAINBOW Road
$225,000
● House - Off Market

2799 RAINBOW Road

Jacksonville, FL 32217
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,218 Ft²
$228,148
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Super cute 2/1 home on a large corner lot. Needs some love and attention but it would make for a great first home, rental property or flip. Plenty of room to spread out, add on your dream suite,or pool.
Unit Size
1,218 Ft²
Days on Market
-
Land Size
-
Price per sqft
$188
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1950

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Real MLS #1245850)

Price History

Date / Event Date Event Price
Dec 12, 2023 Sold
Premium
Sold
Oct 17, 2023 Sold
Premium
Sold
Aug 31, 2023 Listed by US REALTY HUB $229,000
Listed by US REALTY HUB

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1970
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 6
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 220
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,590
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,228
  • Gross Building Area: 1,228
  • Building Area: 1,218
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,218
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FLEETWOOD
  • Land Acres: 0000000358
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: 20-77 FLEETWOOD LOT 32 BLOCK 3

Neighborhood

  • School District Name: Duval County School District
  • Census Tract: 016500

Zoning

  • Zoning: RLD-60

Geography

  • Assessors Map Reference: 7507
  • Parcel: 149742-0000
  • Block: 3
  • Lot: 32
  • Meridian: SEC 42 TWN 03S RNG 27E
  • Municipality: CITY OF JACKSONVILLE
  • Latitude: 30.2582
  • Longitude: -81.6295

    Address

  • Full Address: 2799 Rainbow Cir E
  • Address - House Number: 2799
  • Street Segment Direction: E
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Cir
  • State: FL
  • City Name: Jacksonville
  • Carrier Code: C030
  • 4-Digit Zip Code: 2496
  • Zip Code: 32217

Valuation

    Tax

  • Total Area: 1,182
  • Tax Year: 2022
  • Tax Amount: $79,267
  • Tax Rate Code Area: GS

    Appraisal Valuation

  • Standard Deviation: 0.1023
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 90
  • Final Value: 225,162
  • High Value: 248,197
  • Low Value: 202,128

    Market Valuation

  • Market Total Value: $177,858
  • Market Land Value: $85,500
  • Market Improvement Value: $92,358

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $76,058

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 13, 2023
  • Current Sale Recording Date: Dec 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 253678
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Southeast Jacksonville

Stats & Trends

Median Asking:

$369,900

Sale Price/ft²

$214

Below Asking

0.02%

Average Days on Market

63

Average Home Size

1898 ft²

Average Home Age

31.1 years

Currently For Sale

1489 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 2256 Inwood Circle S, Jacksonville, FL, 32207

$1,625 /mo

  • 3 Beds
  • 2 Baths
  • 1,090 ft²
2256 Inwood Circle S, Jacksonville, FL, 32207 Listing by LORRI REYNOLDS
Unit for rent at 3870 Mission Drive, JACKSONVILLE, FL, 32217

$1,495 /mo

  • 2 Beds
  • 2 Baths
  • 1,245 ft²
3870 Mission Drive #6, JACKSONVILLE, FL, 32217 Listing by Maria Genao Santos

Rentals Near You

Click here to view more rentals in the neighborhood.
Real MLS

Listed by: DENNIS BOBOC, US REALTY HUB
Last Updated: 3 years ago
Data Source: Real MLS, MLS# 1245850
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. Data is deemed reliable but is not guaranteed accurate by NEFMLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 2799 Rainbow Road built and last sold?
The property at 2799 Rainbow Road was built in 1950 and last sold on Oct 13, 2023 for $225,000.
How much is this home worth?
The estimated value of the home located at 2799 Rainbow Road is $0.
What are some comparable homes to 2799 Rainbow Road?
There are currently no comparable homes to 2799 Rainbow Road.
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