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2985 Rainbow Avenue Northwest

2985 Rainbow Avenue Northwest, Rainsville, AL 35986
Property in DeKalb
Refi Feb 10, 2021
Transfer
$358,585 by Loandepot.com Llc
Mortgage Due Feb 01, 2051
Local assessors in Rainsville, AL have categorized 2985 Rainbow Avenue Northwest as a residential type of property. The home was built in 2017 and is 7 years old. The property's lot size has been calculated to be 65,340 square feet. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2985 Rainbow Avenue Northwest has a total of 2,397 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a gable or hip style roof that was made of asphalt. Lots of shingles that aren't wood were used in the construction of the exterior walls of the home. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $1,290 in taxes each year. 2985 Rainbow Avenue Northwest was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,380. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Quality: B
  • Exterior Walls Type: Single (not wood)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Floor Cover: Ceramic
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 65,340
  • Total Building Area: 2,397
  • Building Area: 2,397
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,397
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LOVE FARM SUB
  • Land Acres: 1.5
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CONT 1.5AC S18 T6S R8E RAINSVILLE THE LOVE FARM PT OF TRACT 1 DESC AS:BEG 121.2' NORTH OF SE COR OF SAID TRACT 1 TH:NW 301.6'

Ownership

  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: DeKalb County School District
  • Census Tract: 960303

Geography

  • Account Number: 158042
  • District: RAINSVILLE
  • Subdivision Tract Number: 1
  • Parcel: 15-04-18-0-003-009.001
  • Meridian: SEC 18 TWN 06S RNG 08E
  • Municipality: RAINSVILLE
  • Latitude: 34.5174
  • Longitude: -85.8463

    Address

  • Full Address: 2985 Rainbow Ave N
  • Address - House Number: 2985
  • Street Segment Direction: N
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Ave
  • State: AL
  • City Name: Rainsville
  • Carrier Code: R001
  • 4-Digit Zip Code: 6622
  • Zip Code: 35986

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,290

    Appraisal Valuation

  • Standard Deviation: 0.1162
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 87
  • Final Value: 502,221
  • High Value: 560,614
  • Low Value: 443,827

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $358,585
  • First Open Lien Mortgage Lender: LOANDEPOT.COM LLC
  • First Open Lien Mortgage Recording Date: Feb 10, 2021
  • First Open Lien Mortgage Loan Amount: $358,585
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2051

    Market Valuation

  • Market Total Value: $347,700
  • Market Land Value: $13,500
  • Market Improvement Value: $334,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,380

    Exemptions

  • Homeowner Exemption: Yes

About Rainsville



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Frequently Asked Questions

What neighborhood is 2985 Rainbow Avenue Northwest located in?
The 2985 Rainbow Avenue Northwest is a located in the neighborhood of DeKalb in Rainsville, Rainsville.
What is the average sales price for listings in 2985 Rainbow Avenue Northwest?
The average sales price for units in 2985 Rainbow Avenue Northwest is $0 currently.

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