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8530 Rainbow Avenue

8530 Rainbow Avenue, Orlando, FL 32825
Property in Saracity Gardens
Sold Jun 03, 2021
$262,000
$257,254 by Equity Prime Mortgage Llc
Mortgage Due Jun 01, 2051
Sold Apr 02, 2020
$220,000
$213,400 by Bank Of America Na
Mortgage Due Apr 01, 2050
8530 Rainbow Avenue has been categorized by the local assessors in Orlando, FL as a residential type of property. The building on the property was first built in 2005 and is 19 years old. However, we must point out that the home was most recently renovated and altered in 2010. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 8530 Rainbow Avenue has 1,170 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,278 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 361 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as good. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of concrete block. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with electricity. The property was last sold in May 27, 2021 for $262,000. That's $169.36 per sqft. Prior to that sales transaction, the property was also sold in Mar 10, 2020 for $220,000. 8530 Rainbow Avenue was last assessed in 2023. The total value of the property was assessed at $261,178. Specifically, the land the property is located on was valued at $40,000. While improvements on the property were assessed at a total of $221,178. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $4,211. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2010
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: D
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 361
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,278
  • Total Building Area: 1,547
  • Gross Building Area: 1,547
  • Building Area: 1,170
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,170
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SARACITY GARDENS SUB
  • Land Acres: 0.121
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SARACITY GARDENS SUB M/31 LOT 4 BLK D

Ownership

  • Current Owner : DIAZ TOMY A DIAZ
  • Current Owner 2: AMASIFUEN LUISA FUENTES
  • Previous Owner : GRILLO VIVIANE FRACASSO
  • Previous Owner 2: GRILLO CHRISTIAN
  • Owner Before Previous Owner: MORALES MARGARITA R
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Orange County School District
  • School Tax School District: 0335
  • Census Tract: 016739

Zoning

  • Zoning: R-1

Geography

  • Subdivision Tract Number: 7816
  • Parcel: 24-22-30-7816-04-040
  • Block: D
  • Lot: 4
  • Meridian: SEC 24 TWN 22S RNG 30E
  • Municipality: UN-INCORPORATED
  • Latitude: 28.5586
  • Longitude: -81.27

    Address

  • Full Address: 8530 Rainbow Ave
  • Address - House Number: 8530
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Orlando
  • Carrier Code: C040
  • 4-Digit Zip Code: 4721
  • Zip Code: 32825

Valuation

    Tax

  • Total Area: 1,355
  • Tax Year: 2023
  • Tax Amount: $4,211
  • Tax Rate Code Area: 11-ORG

    Appraisal Valuation

  • Standard Deviation: 0.1871
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 75
  • Final Value: 349,513
  • High Value: 414,931
  • Low Value: 284,096

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $257,254
  • First Open Lien Mortgage Lender: EQUITY PRIME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jun 03, 2021
  • First Open Lien Mortgage Loan Amount: $257,254
  • 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: Jun 01, 2051

    Market Valuation

  • Market Total Value: $261,178
  • Market Land Value: $40,000
  • Market Improvement Value: $221,178

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $261,178
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $221,178

    Sales

  • Current Sale Contract Date: May 27, 2021
  • Current Sale Recording Date: Jun 03, 2021
  • Current Sale Transaction ID: 11839430078
  • Current Sale Price: $262,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20210332634
  • Previous Sale Recording Date: Apr 02, 2020
  • Previous Sale Contract Date: Mar 10, 2020
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: EQUITY PRIME MORTGAGE LLC
  • First Mortgage Transaction Date: Jun 03, 2021
  • First Mortgage Loan Amount: $257,254
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jun 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Apr 02, 2020
  • Previous Mortgage Loan Amount: $213,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2050

About Saracity Gardens



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Frequently Asked Questions

What neighborhood is 8530 Rainbow Avenue located in?
The 8530 Rainbow Avenue is a located in the neighborhood of Saracity Gardens in Saracity Gardens, Orlando.
What is the average sales price for listings in 8530 Rainbow Avenue?
The average sales price for units in 8530 Rainbow Avenue is $0 currently.

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