$207,500
●
House -
Off Market
309 Rainbow Circle
El Paso, TX 79912
3 Beds
2 Baths
$314,535
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model
About This Property
Beauty, luxury, and comfort - this elegantly updated west side home
has it all! Step away from the world and into the front patio
courtyard: a private garden sanctuary inviting relaxation and
affording tranquil views from within the home's interior living
spaces via picture windows in the living room, beveled glass doors,
and a charming entry to the study. Granite countertops, stainless
steel appliances, ample cabinets, and recessed lighting in the
kitchen will delight your inner chef. The Master Suite boasts a
study, plantation shutters, walk-in closet, and a spacious bathroom
with dual vanity & custom cabinetry. There are two roomy spare
bedrooms, and an impressive guest bathroom with granite counter top
and glass-walled shower. The landscaping is low-maintenance, and
the backyard retreat offers refreshment under a shaded pergola and
swimming pool. Complete with refrigerated air, utility room, and
plenty of storage. Don't miss the chance to make this posh house
your home.
Unit Size
-
Days on Market
40 days
Land Size
0.28 acres
Price per sqft
-
Property Type
House
Property Taxes
$428
HOA Dues
-
Year Built
1968
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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: 5 months ago (GEPAR MLS #746593)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 14, 2018 | Sold | ||
| Sold | |||
| May 5, 2018 | Listed by New Beginnings Realty-1964 | $207,500 | |
| Listed by New Beginnings Realty-1964 | |||
| Apr 2, 2015 | Sold | ||
| Sold | |||
| Mar 13, 2015 | Listed by The Real Estate Power Houses | $165,000 | |
| Listed by The Real Estate Power Houses | |||
| | |||
|
COZY HOUSE in a quiet neighborhood! Built around a charming courtyard with endless possibilities, this 3 bedroom 2 bath house feels light, bright and airy. It sits high above the neighbors; the backyard with covered patio and swimming pool overlooks the western sunset. Beveled French doors lead to courtyard from the laundry area! Spacious Master bedroom also has sliding door to courtyard, nice study, built in library shelves. Refrigerated air!
| |||
| Sep 17, 2014 | Sold | ||
| Sold | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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About Lambka Park
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Listed by: Richard Stives, New Beginnings Realty-1964
Last Updated: 5 months ago
Data Source: GEPAR, MLS# 746593
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater El Paso Association of REALTORS®. Real estate listings held by brokerage firms other than RH Advisors, Inc. and RHP Realty NJ, Inc. are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers.
Listing data is deemed reliable but not guaranteed.
Copyright 2026 the Greater El Paso Association of REALTORS®, MLS Inc. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 5 months ago
Data Source: GEPAR, MLS# 746593
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