7 Rainbow Road

7 Rainbow Road has been categorized by the local assessors in Edgewood, NM as a residential type of property. The building on the property was first built in 1987 and is 37 years old. However, we must point out that the home was most recently renovated and altered in 2009. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. The linear feet between the front and back of the lot is 400 ft and across the front of the lot is 270 ft. The area measurement of the land has been determined as 44,344 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. The building has a gable style roof made of metal. The inside of the home is being cooled with no air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 7 Rainbow Road was last sold in Apr 16, 2012 for $86,500. Prior to that sales transaction, the property was sold for $76,500 in Jun 4, 2010. Current property owners are expected to pay $695 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2014. The property on 7 Rainbow Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $85,489. To break that down further, the land itself was valued at $19,838. While improvements to the property were assessed at a total of $65,651. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.