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4961 Rainwood Drive

4961 Rainwood Drive, San Marcos, TX 78666
Sold Jun 09, 2021
$68,800
$55,000 by Loanpal Llc
Mortgage Due Jul 01, 2036
Sold Jun 09, 2021
$73,150
$55,000 by Loanpal Llc
Mortgage Due Jul 01, 2036
4961 Rainwood Drive in San Marcos, TX was first built in 1985 and is 39 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 unknown style. It is a single story home. 4961 Rainwood Drive has 944 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. In total, the area measurement of the land is 15,019 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable style roof. Water for the property is sourced from a municipal system. The exterior walls of the home are made of wood. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. 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, 4961 Rainwood Drive sold most recently in Jun 2, 2021 for a total of $68,800. If you work out the math, that's approximately a cost of $72.88 per sqft. Before that, the property was also sold for $73,150 in Jun 2, 2021. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $1,464 in taxes each year. The initial year of tax delinquency occurred in 2017. 4961 Rainwood Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $110,942. If we break it down further, the land itself was valued at $41,370. Improvements to the property, however, were assessed at a total of $69,572. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Bedroom Count: 0
  • Building Style: Unknown
  • Exterior Walls Type: Wood
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 15,019
  • Total Building Area: 944
  • Gross Building Area: 944
  • Building Area: 944
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 944
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: REDWOOD ESTATES
  • Land Acres: 0.345
  • Standard Land Use Code: Single family residential
  • Legal Description 1: REDWOOD ESTATES LOT 24 .3448 AC

Ownership

  • Current Owner : MA VICTOR
  • Current Owner 2: MCKNIGHT TIMOTHY JEFFREY
  • Previous Owner : MA VICTOR
  • Owner Before Previous Owner: VICTOR MA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: San Marcos Consolidated Independent School District
  • Census Tract: 210505

Geography

  • Assessors Map Reference: 395-A3
  • Parcel: 1G2580-0000-02400-0-00
  • Lot: 24
  • Municipality: SAN MARCOS
  • Latitude: 29.8172
  • Longitude: -97.907

    Address

  • Full Address: 4961 Rainwood Dr
  • Address - House Number: 4961
  • Address - Street Name: Rainwood
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: San Marcos
  • Carrier Code: R003
  • 4-Digit Zip Code: 1918
  • Zip Code: 78666

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,464
  • Intital Tax Deliquent Year: 2017
  • Tax Rate Code Area: YCW

    Appraisal Valuation

  • Standard Deviation: 0.2018
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 273,321
  • High Value: 328,495
  • Low Value: 218,146

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $55,000
  • First Open Lien Mortgage Lender: LOANPAL LLC
  • First Open Lien Mortgage Recording Date: Jun 09, 2021
  • First Open Lien Mortgage Loan Amount: $55,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2036

    Market Valuation

  • Market Total Value: $110,942
  • Market Land Value: $41,370
  • Market Improvement Value: $69,572

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $110,942
  • Assessed Land Value: $41,370
  • Assessed Improvements Value: $69,572

    Sales

  • Current Sale Contract Date: Jun 02, 2021
  • Current Sale Recording Date: Jun 09, 2021
  • Current Sale Transaction ID: 11839796977
  • Current Sale Price: $68,800
  • Current Sale Document Type: Intrafamily Transfer & Dissolution
  • Current Sale Input Document Number: 202199019809
  • Previous Sale Recording Date: Jun 09, 2021
  • Previous Sale Contract Date: Jun 02, 2021
  • Previous Sale Amount: $73,150
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: LOANPAL LLC
  • First Mortgage Transaction Date: Jun 09, 2021
  • First Mortgage Loan Amount: $55,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2036

    Previous Mortgages

  • Previous Mortgage Lender: LOANPAL LLC
  • Previous Mortgage Transaction Date: Jun 09, 2021
  • Previous Mortgage Loan Amount: $55,000
  • Previous Mortgage Term: 180
  • Previous Mortgage Loan Type: Credit Line (Revolving)
  • Previous Mortgage Loan Due Date: Jul 01, 2036

About Redwood



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Frequently Asked Questions

What neighborhood is 4961 Rainwood Drive located in?
The 4961 Rainwood Drive is a located in the neighborhood of Northeast Guadalupe in Redwood, San Marcos.
What is the average sales price for listings in 4961 Rainwood Drive?
The average sales price for units in 4961 Rainwood Drive is $0 currently.

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