3 months on rocket

502 Rainbow Springs Loop, Groveland, FL, 34736

$336,500

Home List Price

$3,996*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
1,550 SqFt
$217/SqFt
Townhouse

Location

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502 Rainbow Springs Loop, Groveland$336,500

Buyer Closing Credits

$3,996*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingGarage Door Opener
Attached Garage2 spaces
Year Built2014
HeatingCentral, Heat Pump
CoolingCentral Air
MLS #O6224111
Lot Size0.13 Acres
StatusActive

About 502 Rainbow Springs Loop

JUST REDUCED !!!!Welcome to your dream home at 502 Rainbow Springs Loop, Groveland, FL 34736. This stunning end-unit carriage home offers 3 bedrooms, 2.5 baths, and a 2-car garage, spanning 1,550 sq ft. Enjoy breathtaking water views from your large screened-in front porch, perfect for sunset evenings. Step inside to high ceilings and an open-concept floorplan ideal for entertaining. The kitchen boasts 42" cabinets, granite countertops, beautiful back splash, stainless steel appliances, this home is move-in ready. The primary bedroom features a walk-in closet and ensuite bath, while the two spacious secondary. Additional features include a half bath for guests, an inside laundry closet with newer washer and dryer, and a private screened-in courtyard with beautiful pavers. The home is located in a gated community with resort-style amenities: clubhouse, pool, tennis courts, gym, basketball courts, and playground. Minutes from downtown Clermont, this home offers the perfect blend of luxury and convenience. Schedule your private showing today!

Property Details

Property Features

Property Information:

  • Year Built: 2014
  • Living Area: 1,550 SqFt

Listing Office:

  • Office Name: SOUTHERN PRESTIGE REALTY INC
  • Office Phone: (863) 521-2067
  • Listing Agent: Ali Yche

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Flooring Type: Ceramic Tile, Laminate
  • Interior: Ceiling Fans(s), PrimaryBedroom Upstairs, Thermostat

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Sidewalk

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Garage Door Opener

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Central, Heat Pump
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • South Lake High School, Public District Grades 9-12
  • Lake Virtual Franchise, Public District Grades 6-12
  • Groveland Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Take Hwy 50 west all the way to the entrance, make right and go straight all the way to the property. The Clubhouse is on the right of the neighborhood when leaving the property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $336,500
  • Price Per SqFt: $217/SqFt

HOA Fees:

  • Amount: $299
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $1,957
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Groveland, FL.

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Groveland, FL

City

Med. Sold Price

$386K

Med. Price/SqFt

$208

Avg. Days On Market

49

# of Sold Homes

33

502 Rainbow Springs Loop vs Groveland

93 DAYS ON ROCKET

+44 Days

$336,500

-$49.5K Less

$217/SqFt

+$8 More

KEY TAKEAWAY

This property is $49.5K less than the Median Sold Price and $8/SqFt more than other homes in Groveland, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #O6224111

Listing Office:

  • Office Name: SOUTHERN PRESTIGE REALTY INC
  • Office Phone: (863) 521-2067
  • Listing Agent: Ali Yche

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/17/2024, 11:19:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 25, 2016Home Sold
$173,000
Jun 27, 2014Home Sold
$150,815

Tax History

YEARPROP. TAXASSESSMENT
2020$1,957$149,014
2019$1,982$145,664
2018$1,893$142,948
2017$1,908$142,948

History based on county public records data.

Payment Calculator

$2,046

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,075

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-547530
1
/10

  • Groveland Elementary School

  • 930 Parkwood Ave

  • 3.65 miles

  • Public District Grades PK-5

High School

school-card-donut-547531
4
/10

  • South Lake High School

  • 15600 Silver Eagle Rd

  • 2.14 miles

  • Public District Grades 9-12

school-card-donut-547532
4
/10

  • Lake Virtual Franchise

  • 201 W Burleigh Blvd

  • 17.76 miles

  • Public District Grades 6-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $66,961. Typical income of Groveland, FL residents is between $35k-100k annually. Residents typically live in married, with kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 502 Rainbow Springs Loop

What is the listing price of this property?

The listing price of 502 Rainbow Springs Loop property is $336,500.

What type of property is this?

The property 502 Rainbow Springs Loop is a townhouse located in Groveland, Florida, 34736.

Is this property for sale now?

Active Listing: 502 Rainbow Springs Loop is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 502 Rainbow Springs Loop are:
Groveland Elementary School: GreatSchools Rating 1/10
South Lake High School: GreatSchools Rating 4/10
Lake Virtual Franchise: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,957 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 25, 2016 for $173,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 502 Rainbow Springs Loop has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 502 Rainbow Springs Loop is 1,550 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 502 Rainbow Springs Loop is 2014.

Rocket Homes›Florida›Lake County›Groveland›34736›502 Rainbow Springs Loop

This home is located at 502 Rainbow Springs Loop in Groveland, FL and zip code 34736 in the Waterside Pointe, Groveland neighborhood. This 1,550 square foot home, which was built in 2014, sits on a 0.13 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 17, 2024 and is currently priced at $336,500.

In September 2024, from all listings sold in Groveland, FL there were more than 1 sold above asking price, over 18 sold below and more than 14 were sold right at the asked price. The number of homes for sale in Groveland, FL increased by 0.4% between August 2024 and September 2024. Listings spent 49 days on the market in September 2024, and had a median list price of $386,008 during the same period.

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

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