Attention investors and flippers! This 3-bedroom ranch-style home in Ashford offers a solid opportunity for renovation and value-add potential. Situated on a spacious lot. The interior has been removed — flooring, kitchen, and bathroom have already been removed — allowing the next owner to start fresh with their own design and finishes. Ceiling fans have been purchased and will remain with the home. Power is currently off. Water will need to be connected to city service or a new well motor installed (previously serviced by a well). No heating or cooling system is currently present. Roof replaced in October 2025 with a metal roof.
For sale
$57,500
118 Rainbow Rd, Ashford, AL 36312
3beds
984sqft
Est.:
Single Family Residence
Built in 1968
0.48 Acres Lot
$-- Zestimate®
$58/sqft
$-- HOA
What's special
Spacious lot
- 4 days |
- 292 |
- 19 |
Zillow last checked: 8 hours ago
Listing updated: February 28, 2026 at 11:46am
Listed by:
Kelly Calderon 334-435-0313,
Keller Williams Southeast Alabama
Source: SAMLS,MLS#: 210042
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Other-See Remarks
Appliances
- Included: None, Other-See Remarks
Features
- Flooring: Other-See Remarks
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 984
- Total interior livable area: 984 sqft
Video & virtual tour
Property
Parking
- Parking features: No Garage
Features
- Levels: One
- Patio & porch: None
- Pool features: None
- Waterfront features: No Waterfront
Lot
- Size: 0.48 Acres
- Dimensions: 190 x 115 x 190 x 115
Details
- Parcel number: 1509300001025.000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch Rambler
- Property subtype: Single Family Residence
Materials
- Brick, Fiberboard
- Foundation: Slab
Condition
- New construction: No
- Year built: 1968
Utilities & green energy
- Electric: Alabama Power
- Sewer: Septic Tank
- Water: Public, Well, Other, County
- Utilities for property: Water Available
Community & HOA
Community
- Subdivision: Lovetown
Location
- Region: Ashford
Financial & listing details
- Price per square foot: $58/sqft
- Tax assessed value: $50,100
- Annual tax amount: $341
- Date on market: 2/27/2026
Estimated market value
Not available
Estimated sales range
Not available
$998/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/27/2026 | Listed for sale | $57,500+15.2%$58/sqft |
Source: SAMLS #210042 Report a problem | ||
| 4/16/2021 | Listing removed | -- |
Source: SAMLS Report a problem | ||
| 11/6/2020 | Listed for sale | $49,900$51/sqft |
Source: Century 21 James Grant Realty #180772 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $341 +6.7% | $10,020 +2.2% |
| 2023 | $319 +21.9% | $9,800 +24.7% |
| 2022 | $262 +11.3% | $7,860 +125.9% |
| 2021 | $235 +199.7% | $3,480 +7.4% |
| 2020 | $79 | $3,240 |
| 2019 | $79 -0.6% | $3,240 |
| 2017 | $79 | $3,240 |
| 2016 | $79 | -- |
| 2015 | $79 +4.3% | -- |
| 2014 | $76 -5.2% | -- |
| 2013 | $80 | -- |
| 2012 | $80 +2.5% | -- |
| 2011 | $78 | -- |
| 2010 | $78 -6.2% | -- |
| 2009 | $83 +2.7% | -- |
| 2008 | $81 +1.1% | -- |
| 2007 | $80 +15.4% | -- |
| 2006 | $69 +97.7% | -- |
| 2005 | $35 | -- |
| 2004 | $35 | -- |
| 2003 | $35 +16.9% | -- |
| 2002 | $30 | -- |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$314/mo
Principal & interest
$297
Property taxes
$17
Climate risks
Neighborhood: 36312
Nearby schools
GreatSchools rating
- 9/10Cottonwood Elementary SchoolGrades: PK-6Distance: 4.3 mi
- 6/10Cottonwood High SchoolGrades: 7-12Distance: 4.3 mi
Schools provided by the listing agent
- Elementary: Cottonwood
- Middle: Cottonwood
- High: Cottonwood
Source: SAMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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