NOT LISTED FOR SALE

1603 Rainbow Dr Richardson, TX 75081

Berkner Park Neighborhood

Estimated Value: $424,000 - $454,000

3 Beds
2 Baths
2,298 Sq Ft
$188/Sq Ft Est. Value

Last Sold September 26, 2025

Current estimated payment $2,763/month

21 Days on Market

Highlights

  • Pool and Spa
  • Traditional Architecture
  • Walk-In Pantry
  • Vaulted Ceiling
  • Granite Countertops
  • Double Oven

About This Home

As of September 2025

Welcome to your Charming and Spacious Home in the Heart of Richardson in the Coveted University Estates Subdivision. Upon entry, you will be welcomed by the large living room which features a vaulted ceiling with a wood beam, a cozy brick fireplace, and a secluded wet bar. The dining room allows ample space for family gatherings that are open to the living room. The kitchen features granite countertops, double oven, and a large walk in pantry. The large primary suite has plenty of room and features a renovated bathroom with modern finishes and design scheme. The backyard oasis features a sparkling pool and spa that provide a wonderful retreat for family and friends. The entire family will enjoy the local restaurants, shopping, entertainment, and easy access to PGBT, 75, and 635.

Last Agent to Sell the Property

Michael Cantrell

Coldwell Banker Apex, REALTORS Brokerage Phone: 972-768-7939 License #0705919 Listed on: 08/05/2025

Coldwell Banker Apex, REALTORS

Last Buyer's Agent

Cristina Rosenthal

Redfin Corporation License #0822269

Redfin Corporation

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,939

Year Built

  • Built in 1978

Lot Details

  • 8,756 Sq Ft Lot
  • Wood Fence
  • Sprinkler System
  • Few Trees

Parking

  • 2 Car Attached Garage
  • Rear-Facing Garage
  • Electric Gate

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,298 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Fireplace

Kitchen

  • Walk-In Pantry
  • Double Oven
  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Parquet
  • Carpet
  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in Utility Room
  • Washer and Electric Dryer Hookup

Pool

  • Pool and Spa
  • In Ground Pool
  • Gunite Pool
  • Pool Sweep

Outdoor Features

  • Rain Gutters

Schools

  • Dartmouth Elementary School
  • Berkner High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Community Details

  • University Estates Subdivision

Listing and Financial Details

  • Legal Lot and Block 29 / 3
  • Assessor Parcel Number 42255550030290000

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,939

Year Built

Built in 1978

Lot Details

0

Parking

2

Listing Details

  • OWNERNAME: See Agent
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional, Detached
  • Unit Levels: One
  • Attribution Contact: 972-768-7939
  • Co List Office Mls Id: CBAP04
  • Structure Type: House
  • HumanModifiedYN: Yes
  • UniversalParcelId: urn:reso:upi:2.0:US:48113:42255550030290000
  • Special Features: VirtualTour

Interior Features

  • Square Footage: 2298.0
  • Fireplace Features: Gas, Wood Burning
  • Interior Amenities: Wet Bar, Granite Counters, High Speed Internet, Pantry, Cable TV, Walk-In Closet(s)
  • Flooring: Carpet, Ceramic Tile, Luxury Vinyl Plank, Parquet
  • Appliances: Double Oven, Dishwasher, Electric Cooktop, Electric Oven, Disposal
  • Basement YN: No
  • Fireplaces: 1

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Foundation: Slab
  • Community Features: Curbs, Sidewalks
  • Fencing: Wood
  • Roof: Composition
  • Construction Materials: Brick
  • Exterior Features: Rain Gutters
  • Pool Features: Gunite, In Ground, Pool, Pool Sweep, Pool/Spa Combo
  • Waterfront: No

Garage/Parking

  • Cooling System: Central Air, Ceiling Fan(s), Electric
  • Garage Spaces: 2.0
  • Total Covered Spaces: 2.0
  • Parking Features: Electric Gate, Garage, Garage Faces Rear
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Central, Fireplace(s), Natural Gas
  • LaundryFeatures: Washer Hookup, Electric Dryer Hookup, Laundry in Utility Room
  • Utilities: Electricity Connected, Natural Gas Available, Sewer Available, Separate Meters, Water Available, Cable Available
  • Heating Yn: Yes

Schools

  • Elementary School: Dartmouth
  • High School: Berkner
  • Junior High Dist: Richardson ISD

Lot Info

  • PropertyAttachedYN: No
  • Lot Features: Acreage, Subdivision, Sprinkler System, Few Trees
  • Lot Size Units: Acres
  • Lot Size Area: 0.201
  • Parcel Number: 42255550030290000
  • Lot Size Acres: 0.201
  • Lot Size Sq Ft: 8755.56

Building Info

  • Year Built: 1978

Tax Info

  • TaxBlock: 3
  • Tax Lot: 29
  • Tax Annual Amount: 8939.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2025
Closed on
Sep 26, 2025
Sold by
Scott Alexander and Scott Lindsay
Bought by
Ibe Paul W
Seller's Agent
Michael Cantrell
Coldwell Banker Apex, REALTORS
Buyer's Agent
Cristina Rosenthal
Redfin Corporation
List Price
$430,000
Views
24
Current Estimated Value
$432,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.75%
Original Mortgage
$344,000
Outstanding Balance
$344,000
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$88,626

Purchase Details

Closed on
May 24, 2012
Sold by
Westfall Michael P and Westfall Jean
Bought by
Scott Alexander and Scott Lindsay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,970
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 17, 1997
Sold by
Friedel Judith L
Bought by
Westfall Michael P and Westfall Jean

Purchase Details

Closed on
Jan 3, 1980
Sold by
Wilson Dennis A and Dolman Reynold W
Bought by
Friedel Judith L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,200
Interest Rate
7.84%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ibe Paul W -- Independence Title Company
Scott Alexander -- Rtt
Westfall Michael P -- --
Friedel Judith L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ibe Paul W $344,000
Previous Owner Scott Alexander $163,970
Previous Owner Friedel Judith L $51,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2025 09/26/25 Sold -- -- --
08/26/2025 08/26/25 Pending -- -- --
08/05/2025 08/05/25 For Sale $430,000 -- $187 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,174 $409,960 $90,000 $319,960
2024 $6,174 $409,960 $90,000 $319,960
2023 $6,174 $409,960 $90,000 $319,960
2022 $8,564 $350,220 $90,000 $260,220
2021 $7,306 $278,570 $65,000 $213,570
2020 $7,022 $263,010 $55,000 $208,010
2019 $7,369 $263,010 $55,000 $208,010
2018 $6,256 $234,130 $55,000 $179,130
2017 $5,294 $198,300 $45,000 $153,300
2016 $5,294 $198,300 $45,000 $153,300
2015 $4,263 $173,860 $35,000 $138,860
2014 $4,263 $161,550 $30,000 $131,550
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Michael Cantrell

    Coldwell Banker Apex, REALTORS

    (972) 768-7939

    1 in this area

    59 Total Sales

    Michael Cantrell
    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 21023099

North Texas Real Estate Information Systems (NTREIS)

APN: 42255550030290000

Texas Dallas County Richardson 75081 Berkner Park

1603 Rainbow Dr, Richardson, TX

Not Listed for Sale

Detached

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