tomo logo

$199,500

Beds
3
Baths
2.5
sq ft
2,042

5538 Rainbow Rd, Baytown, TX 77523

5538 Rainbow Rd

Baytown, TX 77523

  • 10 days on market
This home is a must see. LGI's Juniper plan presents style and function in a beautifully designed package. All 3 bedrooms are upstairs. The home contains 2-1/2 baths. The large kitchen and spacious living area presents the perfect home for entertaining Guests. The separate kitchen and dinning areas only enhances the entertaining experience. The primary suite provides a true retreat with a large bathroom and two large walk-in closets. In addition to two secondary bedrooms, this home features a large utility room with storage, as well as a covered front porch. Although this is a short-sale, you must visit the home to fully appreciate the amenities and the neighborhood. The dishwasher is missing, consequently the property will not pass a(n) FHA Inspection. Due to some needed DIY updates, this property is priced to move (Instant Equity). This property is great for a first time Investor.

Details

Property type

Single Family Residence

Est. home value

$285,012

Lot size

5,489 sq ft

Price per sq ft

$98

Year built

2020

Annual property taxes

$4,624

Monthly HOA fee

$31.67

Price History

02/12/2025
Houston

Houston #11461093

Listed
$199,500
07/20/2024
Houston

Houston #57790188

Removed
05/05/2024
Houston

Houston #57790188

Price change
$259,999
-1.33%

Schools & Community

Elementary school: 

BARBERS HILL SOUTH ELEMENTARY SCHOOL

Middle school: 

BARBERS HILL SOUTH MIDDLE SCHOOL

High school: 

BARBERS HILL HIGH SCHOOL

School district: 

Barbers Hill

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Idaho Housing & Finance Assn

Loan start date

September 2023

Original loan amount

$25,008

Est. remaining balance

$24,487

Interest rate

6.81%

Loan type

FHA, 26 year

Seller

Martin Guadalupe Martinez and Nidia Martinez

Lender

Idaho Housing & Finance Assn

Loan start date

December 2021

Original loan amount

$33,307

Est. remaining balance

$30,802

Interest rate

3.05%

Loan type

FHA, 28 year

Seller

Martin Guadalupe Martinez and Nidia Martinez

Lender

Loandepot.Com Llc

Loan start date

August 2019

Original loan amount

$216,015

Est. remaining balance

$192,607

Interest rate

3.75%

Loan type

FHA, 30 year

Seller

Martin Guadalupe Martinez

Lender

Texas Department Of Housing And Communit

Loan start date

August 2019

Original loan amount

$8,641

Est. remaining balance

Not provided

Interest rate

3.75%

Loan type

Stand Alone Second

Seller

Martin Guadalupe Martinez and Nidia Martinez

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/23/2025 at 7:10 PM

Listing updated: 02/20/2025 at 10:48 PM

Listed by: Joe Miles, Rose Heel Properties,LLC Phone #: (832) 452-7939

MLS: Houston #11461093

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