1 month on rocket

506 Rainbow Springs Loop, Groveland, FL, 34736

$324,998

Home List Price

$3,859*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
1,629 SqFt
$200/SqFt
Townhouse

Location

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506 Rainbow Springs Loop, Groveland$324,998

Buyer Closing Credits

$3,859*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingAlley Access, Garage Door Opener, Garage Faces Rear
Attached Garage2 spaces
Year Built2014
HeatingCentral
CoolingCentral Air
MLS #O6256784
Lot Size0.07 Acres
StatusActive

About 506 Rainbow Springs Loop

Welcome to this stunning townhome nestled within a resort-styled, gated community! This home features beautiful floors upon entering and the convenience of a spacious primary bedroom on the main floor. Upstairs, you'll find a versatile loft area and two additional bedrooms. Enjoy hosting gatherings with friends and family with an open floor plan and private fenced in patio. Kitchen boasts wood cabinets and quartz countertops. With an attached two-car garage and a serene neighborhood setting, this home offers the perfect blend of comfort, style, and convenience. Exterior freshly painted in 2024. Community features include a pool, yoga room, billiards, fitness center, playgrounds, tennis/pickle ball, basketball, soccer, and a private boat ramp.This home is minutes away from downtown Clermont, featuring a variety of restaurants, breweries, coffee shops and local events. Don’t miss the opportunity to make this wonderful home yours! Buyers and agents to verify HOA, taxes, measurements, schools, and any MLS information.

Property Details

Property Features

Property Information:

  • Year Built: 2014
  • Living Area: 1,629 SqFt

Listing Office:

  • Office Name: RE/MAX PRIME PROPERTIES
  • Office Phone: (407) 347-4512
  • Listing Agent: Lori Lucente-Nelson

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Flooring Type: Carpet, Ceramic Tile, Other, Wood
  • Interior: Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Stone Counters, Walk-In Closet(s)

Bedroom and Bathroom Information:

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

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Sidewalk, Sliding Doors

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Alley Access, Garage Door Opener, Garage Faces Rear

Virtual/3D Tour

  • Virtual Tour: 506 Rainbow Springs Loop
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Florida's Turnpike toward Ocala, take exit 272 onto SR-50 toward Clermont, turn left onto W Colonial Dr, turn right onto Waterside Pointe Dr, turn right onto Blue Cypress Dr, turn right onto Rainbow Springs Loop, home is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $324,998
  • Price Per SqFt: $200/SqFt

HOA Fees:

  • Amount: $899
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $1,737
  • 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

$387.5K

Med. Price/SqFt

$208

Avg. Days On Market

60

# of Sold Homes

24

506 Rainbow Springs Loop vs Groveland

31 DAYS ON ROCKET

-29 Days

$324,998

-$62.5K Less

$200/SqFt

-$9 Less

KEY TAKEAWAY

This property is $62.5K less than the Median Sold Price and $9/SqFt less than other homes in Groveland, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #O6256784

Listing Office:

  • Office Name: RE/MAX PRIME PROPERTIES
  • Office Phone: (407) 347-4512
  • Listing Agent: Lori Lucente-Nelson

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: 12/21/2024, 10:49:50 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

Jul 16, 2014Home Sold
$150,704

Tax History

YEARPROP. TAXASSESSMENT
2020$1,737$136,880
2019$1,757$133,803
2018$1,675$131,309
2017$1,639$128,609

History based on county public records data.

Payment Calculator

$1,989

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,041

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.

Nearby Schools

school-card-donut-873100
8
/10

  • Cypress Ridge Elementary School

  • 350 East Ave

  • 1.77 miles

  • Public Magnet Grades PK-5

school-card-donut-873101
3
/10

  • Clermont Elementary School

  • 680 E Highland Ave

  • 2.46 miles

  • Public District Grades PK-5

school-card-donut-873102
2
/10

  • Groveland Elementary School

  • 930 Parkwood Ave

  • 3.63 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $66,961. Most Groveland, FL residents have annual incomes between $35k-100k. The most common type of family is married, with kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 506 Rainbow Springs Loop

What is the listing price of this property?

The listing price of 506 Rainbow Springs Loop property is $324,998.

What type of property is this?

The property 506 Rainbow Springs Loop is a townhouse located in Groveland, Florida, 34736.

Is this property for sale now?

Active Listing: 506 Rainbow Springs Loop is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,737 (source: MLS/based on county public records data).

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

The last sale was on July 16, 2014 for $150,704. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 506 Rainbow Springs Loop has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 506 Rainbow Springs Loop is 1,629 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 506 Rainbow Springs Loop is 2014.

Rocket Homes›Florida›Lake County›Groveland›34736›506 Rainbow Springs Loop

This home is located at 506 Rainbow Springs Loop in Groveland, FL and zip code 34736 in the Waterside Pointe, Groveland neighborhood. This 1,629 square foot home, which was built in 2014, sits on a 0.07 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $324,998.

Groveland, FL housing market in November 2024 saw over 5 listings sold above listed price, more than 11 sold at listed price and over 8 sold below. The inventory of homes for sale in Groveland, FL between October 2024 and November 2024 increased by 2.6%. In November 2024 median list price was $387,517 and the average listing age was 60 days.

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

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