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60 Lower Rainbow Road

60 Lower Rainbow Road, Bozeman, MT 59718
Property in Gallatin
Sold Aug 03, 2012
$117,300
$115,703 by First Interstate Bank
Mortgage Due Sep 01, 2042
Local assessors in Bozeman, MT have categorized 60 Lower Rainbow Road as a residential type of property. The home was built in 1994 and is 30 years old. It was most recently renovated and altered in 2005. The property's lot size has been calculated to be 32,975 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a mobile home style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 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 60 Lower Rainbow Road has a total of 1,568 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. The home sources its water from a well system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 576 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. 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 style roof that was made of metal. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. 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, 60 Lower Rainbow Road sold most recently in Aug 2, 2012 for a total of $117,300. If you work out the math, that's approximately a cost of $74.81 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,575 in taxes each year. 60 Lower Rainbow Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $522,000. 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: 1994
  • Effective Year Built: 2005
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Mobile home
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 32,975
  • Total Building Area: 1,568
  • Building Area: 1,568
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,568
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Septic
  • Water Service: Well

Building

  • Property Class: Residential
  • Subdivision: RAINBOW SUB
  • Land Acres: 0.757
  • Standard Land Use Code: Mobile/manufactured home (regardless of land ownership)
  • Mobile Home Indicator: T
  • Legal Description 1: RAINBOW SUB, S23, T02 S, R04 E, TRACT 402

Ownership

  • Current Owner : WOOD MICHAEL D
  • Current Owner 2: WOOD ERICA A
  • Previous Owner : RICHEY RONALD THOMAS

Neighborhood

  • School District Name: Bozeman High School District
  • Census Tract: 001200

Zoning

  • Zoning: 1

Geography

  • Account Number: 00RGF31584
  • Subdivision Tract Number: 402
  • Parcel: 06-0797-23-1-05-19-0000
  • Meridian: SEC 23 TWN 02S RNG 04E
  • Municipality: GALLATIN COUNTY/UNINCORPORATED
  • Latitude: 45.6526
  • Longitude: -111.192

    Address

  • Full Address: 60 Lower Rainbow Rd
  • Address - House Number: 60
  • Address - Street Name: Lower Rainbow
  • Address - Suffix Type: Rd
  • State: MT
  • City Name: Bozeman
  • Carrier Code: R004
  • 4-Digit Zip Code: 9457
  • Zip Code: 59718

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,575
  • Tax Rate Code Area: 235013

    Appraisal Valuation

  • Standard Deviation: 0.2424
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 66
  • Final Value: 587,400
  • High Value: 729,823
  • Low Value: 444,976

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $115,703
  • First Open Lien Mortgage Lender: FIRST INTERSTATE BANK
  • First Open Lien Mortgage Recording Date: Aug 03, 2012
  • First Open Lien Mortgage Loan Amount: $115,703
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2042

    Market Valuation

  • Market Total Value: $522,000
  • Market Land Value: $234,864
  • Market Improvement Value: $287,136

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $522,000

    Sales

  • Current Sale Contract Date: Aug 02, 2012
  • Current Sale Recording Date: Aug 03, 2012
  • Current Sale Transaction ID: 1160682686
  • Current Sale Price: $117,300
  • Current Sale Document Type: Joint Tenancy Deed
  • Current Sale Input Document Number: 2422550

    Last Sale Mortgage

  • First Mortgage Lender: FIRST INTERSTATE BANK
  • First Mortgage Transaction Date: Aug 03, 2012
  • First Mortgage Loan Amount: $115,703
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2042

About Four Corners



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Frequently Asked Questions

What neighborhood is 60 Lower Rainbow Road located in?
The 60 Lower Rainbow Road is a located in the neighborhood of Gallatin in Four Corners, Bozeman.
What is the average sales price for listings in 60 Lower Rainbow Road?
The average sales price for units in 60 Lower Rainbow Road is $0 currently.

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