5002 Rainbow Rd, Midland, TX 79707 Property Records

Midland County property record for 5002 Rainbow Rd, Midland, TX 79707

Property Summary

Property Type	Single Family Home
Details	2 ba · 2,192 sqft · built 1984
Lot Size	0.202 acres (8,799 sqft)
Owner	Company Name on Record
Tax Bill	$4,807 (2025)
Deeds & Mortgages	Jan 2021 Mortgage Oct 2022 Sale + 1 more
APN	`R000009530`

Property Details

APN / Parcel Number

Primary APN	`R000009530`
Alternative APNs	`00010320.005.0030` `103200050030`

Interior

Full Baths	2 Baths
Stories	1 Story
Building Area	2,192 sqft Living Area
1st Floor Area	2,192 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1984
Effective Year Built	Effective 1984
Lot Area	8,799 sqft (0.202 acres)
Garage Area	484 sqft
Parking Spaces	2 Parking Spaces
Storage Building	120 sqft

Utilities, Heating & Cooling

Cooling System	HVAC

Location & Zoning

Street Address	5002 RAINBOW RD
City	MIDLAND
State	TX
Zip	79707-5113
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	1F3
Legal Description	ACRES: 0.202 SUBD: ARBOR PARK BLK: 005 LOT: 003 ADDN: ARBOR PARK SEC 3
Legal Subdivision	ARBOR PARK
Legal Block	5
Legal Lot Number	3
Jurisdiction	MIDLAND TX
Township / Civil Division	MIDLAND
Census Block Group	4
Census Block	4003
Census Tract	10106

Owner

Source: Midland County records, as of October 19, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	5002 RAINBOW RD, MIDLAND, TX 79707-5113
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Jan 12, 2021	Deed of Trust, Mortgage · Conventional Mortgage LRS FINANCIAL NETWORK INC
Oct 26, 2022	Warranty Deed, Transfer PERMIAN ABSTRACT COMPANY
Sep 19, 2019	Warranty Deed, Transfer REPUBLIC ST MTG

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Oct 26, 2022
Deed Sale	Oct 26, 2022
Prior Sale	Sep 19, 2019 · Amount on Record
Deed Document Number	202230715
Prior Transfer Date	Sep 18, 2019
Prior Transfer Doc	0000029029
Record Updated	Oct 29, 2026

January 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MIDLAND TX
Property Address	5002 RAINBOW RD, MIDLAND, TX 79707-5113
Transaction Type	Mortgage
Record Updated	Nov 17, 2022
Title Company	PERMIAN ABSTRACT COMPANY

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000001328
Date	Jan 12, 2021
Instrument	2021-01328

Lender

Name	LRS FINANCIAL NETWORK INC
Type	Funding / Finance Company
Address	MIDLAND, TX 79705

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	361 Months
Due	Feb 1, 2051

October 2022: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MIDLAND TX
Recording Date	Oct 26, 2022
Property Address	5002 RAINBOW RD, MIDLAND, TX 79707-5113
Document Number	0000000715
Map Reference	CAB C PG 69
Instrument Date	Oct 26, 2022
Instrument	2022-30715
Transaction Type	Transfer
Record Updated	Apr 4, 2024
Title Company	PERMIAN ABSTRACT COMPANY

Transaction

Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	5002 RAINBOW RD, MIDLAND, TX 79707-5113

September 2019: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MIDLAND TX
Recording Date	Sep 19, 2019
Property Address	5002 RAINBOW RD, MIDLAND, TX 79707-5113
Document Number	0000029029
Instrument Date	Sep 18, 2019
Instrument	29029
Transaction Type	Transfer
Record Updated	Oct 24, 2019
Title Company	WEST TX ABSTRACT

Transaction

Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	5002 RAINBOW RD MIDLAND TX 797075113, MIDLAND, TX 79707-5113

Mortgage

Document Number	29030
Date	Sep 19, 2019
Instrument	29030

Lender

Name	REPUBLIC ST MTG
Type	Mortgage Company
Address	HOUSTON, TX 77006

Agreement

Amount	Amount Recorded
Term	360 Months
Due	Sep 18, 2049

Tax Assessment & Valuation

Source: Midland County assessment roll, as of October 19, 2026

Property Jurisdictions

Type	Name
State	Texas
County	Midland County
Municipality	Midland City
Unified School District	Midland Independent School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$215,000 (-34.41%) Land $22,050 Building $192,950	$215,000 (-34.41%) Land $22,050 Building $192,950
2025	$4,807.00 (-4.79%)	$327,790 (-1.55%) Land $22,050 Building $305,740	$327,790 (-1.55%) Land $22,050 Building $305,740
2024	$5,049.00 (+1.2%)
2023	$4,989.00	$332,960 Land $22,050 Building $310,910	$332,960 Land $22,050 Building $310,910

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer

FEMA Flood Zone	Not on file

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 96% of the US · lower than 97.9% of Texas
Wildfire Likelihood	Under 0.01% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITY OF MIDLAND WATER PURIFICATION PLANT serves 157,000 people · EPA ID TX1650001
Water Source	Surface water
Last State Inspection	Mar 2025
Lead	3 ppb (2024–2026) action level 15 ppb

Violations Reported to EPA

Water Quality	Turbidity resolved · Feb 2026 Arsenic resolved · Oct 2023
Treatment and Procedure	None last 10 years
Monitoring and Reporting	2 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 569 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
AT&T Fiber · DSL · Fixed Wireless in parts of the area	5,000 / 5,000
Astound Broadband Cable · Fiber in parts of the area	1,500 / 50
Optimum Cable	940 / 35
Net Ops Communications Fixed Wireless	100 / 20

May also be available: T-Mobile, Verizon.

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