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Allegheny 15063
3407 Rainbow Run Road
$90,000
● House - Off Market

3407 Rainbow Run Road

Forward Twp - EAL, PA 15063
bedrooms
2 Beds
bathrooms
1 Bath
$99,340
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Quaint 2 bedroom vinyl ranch home with one car garage in Elizabeth Forward School District.  New roof - 2018.  Furnace - 2017.  Concrete patio and fire pit in back yard along with fenced yard.  Hardwood floors in living room and hall.  Eat-in kitchen.  Large area on lower level for potential game room.  Garage plus plenty of off street parking.
Unit Size
-
Days on Market
-
Land Size
0.17 acres
Price per sqft
-
Property Type
House
Property Taxes
$170
HOA Dues
-
Year Built
1928

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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: 4 years ago (WPMLS #1600593)

Price History

Date / Event Date Event Price
Aug 9, 2023 Sold
Premium
Sold
Jul 20, 2023 In contract -
In contract
Apr 14, 2023 Listed by RE/MAX SOUTH INC $99,900
Listed by RE/MAX SOUTH INC
May 28, 2014 Sold
Premium
Sold
Nov 4, 2005 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 15
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,540
  • Total Building Area: 900
  • Gross Building Area: 900
  • Building Area: 900
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 900
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000173
  • Standard Land Use Code: 1001
  • County Land Use Code: 10
  • State Land Use Code: R
  • Legal Description 1: 0.1731 A LD RTE 31 1 STY FRA HSE-INT GAR

Neighborhood

  • School District Name: Elizabeth Forward School District
  • School Tax School District: ELIZABETH FRWD
  • Census Tract: 495000

Geography

  • Assessors Map Reference: 2272-K
  • District: 911
  • Parcel: 2272-K-00318-0000-00
  • Block: 2272K
  • Lot: 318
  • Municipality: FORWARD
  • Latitude: 40.2035
  • Longitude: -79.8608

    Address

  • Full Address: 3407 Rainbow Run Rd
  • Address - House Number: 3407
  • Address - Street Name: Rainbow Run
  • Address - Suffix Type: Rd
  • State: PA
  • City Name: Monongahela
  • Carrier Code: R003
  • 4-Digit Zip Code: 4527
  • Zip Code: 15063

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $148,519
  • Tax Rate Code Area: ELIZABETH

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 185,115
  • High Value: 260,087
  • Low Value: 110,142

    Market Valuation

  • Market Total Value: $63,000
  • Market Land Value: $30,900
  • Market Improvement Value: $32,100

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $45,000
  • Assessed Land Value: $30,900
  • Assessed Improvements Value: $14,100

    Sales

  • Current Sale Contract Date: Aug 07, 2023
  • Current Sale Recording Date: Aug 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: May 28, 2014
  • Previous Sale Contract Date: May 16, 2014
  • Previous Sale Amount: $25,000
  • Previous Sale Document Type: 71
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 Allegheny

Stats & Trends

Median Asking:

$274,900

Sale Price/ft²

$185

Above Asking

0.06%

Average Days on Market

56

Average Home Size

736 ft²

Average Home Age

81.7 years

Currently For Sale

6198 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

Rentals Near You

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WPMLS

Listed by: Richard Charles
RE/MAX SOUTH INC
Last Updated: 4 years ago
Data Source: WPMLS , MLS# 1600593
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. Information is deemed reliable but not guaranteed. 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 3407 Rainbow Run Road built and last sold?
The property at 3407 Rainbow Run Road was built in 1928 and last sold on Aug 7, 2023 for $90,000.
How much is this home worth?
The estimated value of the home located at 3407 Rainbow Run Road is $0.
What are some comparable homes to 3407 Rainbow Run Road?
There are currently no comparable homes to 3407 Rainbow Run Road.
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