See Home Value
$314,999 Last Listed Price
House - Off Market

2218 Rainbow Drive

Houston, TX 77023
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1268 Sqft
$1,896
Estimated Monthly
7.24%
Cap Rate

About This Property

With easy access to UH, TSU, downtown, Hobby airport, and major freeways, this house was taken down to the studs and remodeled with an open concept to assimilate new construction: all new wiring, electrical panel, and riser, new PEX plumbing lines, sewer lines, wall insulation, sheetrock, kitchen cabinetry, Quartz counters, Italian hand made Subway Tile Backsplash, large format tiles in both bathrooms, designer grade plumbing, and electrical fixtures, Luxury Vinyl Plank flooring, new internal and external doors, energy efficient windows, new stainless appliance package, new Hardie siding, fresh exterior and interior paint, new landscaping, refinishes driveway, new fence for front and back yard and more.
Unit Size
1,268Ft²
Days on Market
40 days
Land Size
0.15 acres
Price per sqft
$248
Property Type
House
Property Taxes
$349
HOA Dues
-
Year Built
1940
Last updated: 5 months ago (HAR #70990474)

Price History

Date / Event Date Event Price
Feb 16, 2024 Sold to Jose Carmen Corpus $108,000 - $130,000
Sold to Jose Carmen Corpus
Feb 14, 2024 In contract -
In contract
Jan 7, 2024 Listed by REALM Real Estate Professionals - Sugar Land $314,999
Listed by REALM Real Estate Professionals - Sugar Land
Aug 2, 2022 Sold $243,000 - $295,000
Sold
Jan 22, 2022 Listed by REALM Real Estate Professionals - Sugar Land $135,000
Listed by REALM Real Estate Professionals - Sugar Land

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Bungalow
  • Exterior Walls Type: Asbestos shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 200
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,545
  • Total Building Area: 1,268
  • Gross Building Area: 1,268
  • Building Area: 1,268
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,268
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MARLO PLACE
  • Land Acres: 0.15
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Single family residential
  • Legal Description 1: LT 16 BLK 2 MARLO PLACE

Ownership

  • Current Owner : CORPUS JOSE CARMEN
  • Previous Owner : C & S HOMES LLC
  • Owner Before Previous Owner: BOATES SCOTT K
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Sep 14, 2023

Neighborhood

  • School District Name: Houston Independent School District
  • School Tax School District: HOUSTON ISD
  • Census Tract: 311200

Geography

  • Assessors Map Reference: 5555B
  • Account Number: 0700430020016
  • District: 061
  • Parcel: 070-043-002-0016
  • Block: 2
  • Lot: 16
  • Municipality: CITY OF HOUSTON
  • Latitude: 29.7144
  • Longitude: -95.2998

    Address

  • Full Address: 2218 Rainbow Dr
  • Address - House Number: 2218
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Houston
  • Carrier Code: C024
  • 4-Digit Zip Code: 4114
  • Zip Code: 77023

Valuation

    Tax

  • Total Area: 1,384
  • Tax Year: 2022
  • Tax Amount: $3,468
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 061

    Appraisal Valuation

  • Standard Deviation: 0.2175
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 70
  • Final Value: 248,772
  • High Value: 302,885
  • Low Value: 194,659

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $90,000
  • First Open Lien Mortgage Lender: C&S HOMES LLC
  • First Open Lien Mortgage Recording Date: Feb 16, 2024
  • First Open Lien Mortgage Loan Amount: $90,000
  • First Open Lien Mortgage Term: 12
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Seller take-back
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2025

    Market Valuation

  • Market Total Value: $157,487
  • Market Land Value: $72,270
  • Market Improvement Value: $85,217

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $157,487
  • Assessed Land Value: $72,270
  • Assessed Improvements Value: $85,217

    Sales

  • Current Sale Contract Date: Feb 16, 2024
  • Current Sale Recording Date: Feb 16, 2024
  • Current Sale Transaction ID: 11921208151
  • Current Sale Price: $119,700
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 55523
  • Previous Sale Recording Date: Aug 02, 2022
  • Previous Sale Contract Date: Jul 29, 2022
  • Previous Sale Amount: $269,857
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: C&S HOMES LLC
  • First Mortgage Transaction Date: Feb 16, 2024
  • First Mortgage Loan Amount: $90,000
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Seller take-back
  • First Mortgage Loan Due Date: Mar 01, 2025

    Previous Mortgages

  • Previous Mortgage Lender: KIAVI FUNDING INC
  • Previous Mortgage Transaction Date: Aug 02, 2022
  • Previous Mortgage Loan Amount: $202,900
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
1 Bath
1,349 ft²
$280,000 Aug 17, 2023
$252,000 - $308,000 Sep 20, 2023
$308/mo
House
3 Beds
2 Baths
1,332 ft²
$300,000 May 2, 2022
$270,000 - $330,000 Jun 30, 2022
$242/mo
House
3 Beds
2 Baths
1,774 ft²
$255,000 May 24, 2022
$230,000 - $280,000 Jul 1, 2022
$385/mo
House
2 Beds
2 Baths
1,280 ft²
$238,000 Jun 20, 2020
$215,000 - $261,000 Aug 28, 2020
$226/mo
House
2 Beds
1 Bath
1,134 ft²
$277,000 Jun 5, 2023
$250,000 - $304,000 Jul 7, 2023
$312/mo
House
4 Beds
3 Baths
1,589 ft²
$348,000 Jun 23, 2021
$314,000 - $382,000 Sep 7, 2021
$391/mo
House
3 Beds
1 Bath
1,080 ft²
$249/ft²
$269,000 Dec 1, 2023
-
$371/mo
House
3 Beds
2 Baths
1,697 ft²
$174/ft²
$295,000 Jan 26, 2024
-
$553/mo
House
3 Beds
2 Baths
1,725 ft²
$214/ft²
$369,950 Feb 1, 2024
-
$445/mo
House
2 Beds
2 Baths
1,069 ft²
$268/ft²
$287,000 Nov 10, 2023
-
$408/mo
House
2 Beds
1 Bath
1,556 ft²
$241/ft²
$374,990 Aug 8, 2023
-
$356/mo
House
3 Beds
2 Baths
2,196 ft²
$125/ft²
$275,000 Oct 23, 2023
-
$403/mo

About Eastside


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Frequently Asked Questions

When was property at 2218 Rainbow Drive built and last sold?
The property at 2218 Rainbow Drive was built in 1940 and last sold on Feb 16, 2024 for $119,700.
How much is this home worth?
The estimated value of the home located at 2218 Rainbow Drive is $314,491.
What are some comparable homes to 2218 Rainbow Drive?
Homes that are comparable to 2218 Rainbow Drive include a house property at 7619 Magnolia Street, 6912 Ilex Street, 1911 Pasadena Street.

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