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Backup Offers

1056 Rainbow Dr, Spring Branch, TX, 78070

$475,000

Home List Price

$5,641*

Closing Credit

3 Bedrooms
2 Full Baths
1,608 SqFt
$295/SqFt
House

Location

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1056 Rainbow Dr, Spring Branch$475,000

Buyer Closing Credits

$5,641*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingNone/Not Applicable
Year Built1984
HeatingCentral, Electric
CoolingCentral Air
FireplaceNot Applicable
MLS #1811011
Lot Size2.00 Acres
StatusAccepting Backup Offers
(Active Option)

About 1056 Rainbow Dr

OWNER FINANCE AVAILABLE Unrestricted Property, with a single family home, but could be used as a commercial property or multifamily. Fenced and gated 2 acre lot with a beautifully updated 3 bedroom, 2 bath home. Well cared for home has been used as an Airbnb. Guests have loved the privacy, tranquility and beauty of the property. New, extra large septic system installed in 2022 to accommodate house and 2 potential RV/tiny house hook ups. Septic hook up is in place and electric stubbed out for one RV hookup. This property would make a wonderful homestead or a fantastic income producing opportunity.

Property Details

Property Features

Property Information:

  • Architectural Style: One Story
  • Year Built: 1984
  • Stories: 1
  • Living Area: 1,608 SqFt

Listing Office:

  • Office Name: redKorr Realty LLC
  • Office Phone: (210) 391-4319
  • Listing Agent: Christine Villarreal

Interior Features

Interior Information:

  • Appliances: Ceiling Fan(s), Range, Electric Water Heater
  • Flooring Type: Carpeting, Laminate
  • Interior: One Living Area, Liv/Din Combo, Utility Room Inside, 1st Floor Lvl/No Steps, Open Floor Plan, All Bedrooms Downstairs
  • Fireplace: Not Applicable

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: None/Not Applicable

Lot Features

Lot Information:

  • Lot Size: 2.00 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Smithson Valley High School, Public District Grades 9-12
  • Smithson Valley Middle School, Public District Grades 6-8
  • Bill Brown Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From Hwy 46, go north on Rainbow Dr, and property will be on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $475,000
  • Price Per SqFt: $295/SqFt

Tax Information:

  • Annual Amount: $2,911
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Spring Branch, TX.

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Spring Branch, TX

City

Med. Sold Price

$549K

Med. Price/SqFt

$232

Avg. Days On Market

135

# of Sold Homes

25

1056 Rainbow Dr vs Spring Branch

42 DAYS ON ROCKET

-93 Days

$475,000

-$74K Less

$295/SqFt

+$63 More

KEY TAKEAWAY

This property is $74K less than the Median Sold Price and $63/SqFt more than other homes in Spring Branch, TX.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #1811011

Listing Office:

  • Office Name: redKorr Realty LLC
  • Office Phone: (210) 391-4319
  • Listing Agent: Christine Villarreal

IDXDisclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the San Antonio Board of Realtors. Real estate listings held by brokerage firms are indicated by detailed information about them such as the name of the listing firms. © 2024 San Antonio Board of Realtors®. All Rights Reserved.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Properties subject to prior sale, change, withdrawal or rental. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 11/5/2024, 2:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,911$162,660
2020$2,911$163,440
2019$2,317$175,080
2018$2,317$122,090
2017$2,416$127,650

History based on county public records data.

Payment Calculator

$2,438

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,491

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1915610
8
/10

  • Bill Brown Elementary School

  • 20410 Hwy 46 West

  • 0.90 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1915611
8
/10

  • Smithson Valley Middle School

  • 6101 Fm 311

  • 3.87 miles

  • Public District Grades 6-8

High School

school-card-donut-1915612
7
/10

  • Smithson Valley High School

  • 14001 Hwy 46 West

  • 3.19 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $126,389. Most Spring Branch, TX residents have annual incomes between $100k-200k. Typical family type is married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1056 Rainbow Dr

What is the listing price of this property?

The listing price of 1056 Rainbow Dr property is $475,000.

What type of property is this?

The property 1056 Rainbow Dr is a house located in Spring Branch, Texas, 78070.

Is this property for sale now?

Accepting Backup Offers: 1056 Rainbow Dr is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 1056 Rainbow Dr are:
Bill Brown Elementary School: GreatSchools Rating 8/10
Smithson Valley Middle School: GreatSchools Rating 8/10
Smithson Valley High School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,911 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1056 Rainbow Dr has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1056 Rainbow Dr is 1,608 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1056 Rainbow Dr is 1984.

Rocket Homes›Texas›Comal County›Spring Branch›78070›1056 Rainbow Dr

This home is located at 1056 Rainbow Dr in Spring Branch, TX and zip code 78070 in the Ridgeview Oaks West neighborhood. This 1,608 square foot home, which was built in 1984, sits on a 2.00 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 24, 2024 and is currently priced at $475,000.

Over 2 listings were sold over their listed price in October 2024 in Spring Branch, TX. In the same period over 19 listings were sold below the listed price and 4 listings were sold for the listed price. The number of homes for sale in Spring Branch, TX increased by 12.4% between September 2024 and October 2024. The median list price of listings available in October 2024 was $549,046, while the average time on the real estate market was 135 days.

From Rocket Homes Real Estate and based on county public records data.

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