$425,000
PENDING $70K PRICE DROP

1816 Rainbow Rd Grand Island, NE 68801

Estimated payment $2,833/month

Total Views 16,377
4 Beds
2 Baths
2,292 Sq Ft
$185 Price per Sq Ft

Highlights

  • Waterfront
  • Wood Flooring
  • Formal Dining Room
  • Ranch Style House
  • Covered Patio or Porch
  • 3 Car Attached Garage

About This Home

Start your summer off right in a beautiful home at Rainbow Lake. Stunning views!! Shaded and covered patio for evenings outside! And that's just the outside!! When you walk inside you'll be immediately drawn to the same lake views!! The main living spaces all have hardwood floors and the open concept provides great entertaining space or just hanging out space. You'll appreciate the formal dining room and the formal living room/office space. The kitchen is huge and features granite countertops, a gas range, a large pantry and a coffee bar!! You'll also love the split bedroom floorplan with the master bedroom on one side of the house and three other bedrooms on the other side of the house. Call today for a private tour!!

Listing Agent

Tracy Babcock

Babcock Real Estate License #20120066 Listed on: 05/06/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,070

Year Built

  • Built in 2003

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 100 x 104
  • Waterfront
  • Vinyl Fence
  • Landscaped
  • Sprinklers on Timer
  • Property is zoned R1

HOA Fees

  • $11 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Ranch Style House
  • Brick or Stone Mason
  • Frame Construction
  • Asphalt Roof
  • Hardboard

Interior Spaces

  • 2,292 Sq Ft Home
  • Gas Fireplace
  • Window Treatments
  • Family Room with Fireplace
  • Formal Dining Room
  • Wood Flooring
  • Crawl Space
  • Laundry on main level

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Home Security

  • Storm Doors
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Covered Patio or Porch

Schools

  • Stolley Park Elementary School
  • Barr Middle School
  • Grand Island Senior High School

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Gas Water Heater
  • Water Softener is Owned

Community Details

  • Rainbow Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 400367963

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,070

Year Built

Built in 2003

Lot Details

0

HOA Fees

$11 per month

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.24
  • Lot Size: 100 x 104
  • Road Frontage Type: Sidewalk
  • Road Surface Type: Paved
  • Subdivision Name: Rainbow Lake
  • Above Grade Finished Sq Ft: 2292
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 2003
  • Kitchen Level: Main
  • Special Features: None

Interior Features

  • Appliances: Gas Range, Dishwasher, Disposal, Refrigerator, Microwave, Water Softener Owned, Gas Water Heater
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Door Features: Storm Door(s)
  • Fireplace Features: Family Room, One, Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Master Bath, Walk-In Closet(s)
  • Living Area: 2292
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 4
  • Window Features: All Window Coverings
  • Room Kitchen Area: 365.75
  • Room Bedroom2 Area: 106.6667
  • Room Bedroom3 Area: 106.3333
  • Room Bedroom4 Area: 87
  • Room Bedroom2 Level: Main
  • Room Bedroom3 Level: Main
  • Room Bedroom4 Level: Main
  • Room Dining Room Area: 180
  • Room Family Room Area: 349.5
  • Room Living Room Area: 182
  • Dining Room Dining Room Level: Main
  • Room Family Room Level: Main
  • Room Kitchen Features: Gas Range, Dishwasher, Garbage Disposal, Refrigerator, Microwave, Pantry, Wood
  • Living Room Living Room Level: Main
  • Room Master Bedroom Area: 246.7083
  • Dining Room Features: Formal, Wood
  • Family Room Features: Fireplace, Wood
  • Living Room Features: Wood
  • Master Bedroom Master Bedroom Level: Main
  • Master Bedroom Master Bedroom Width: 15.5

Exterior Features

  • Fencing: Vinyl
  • Lot Features: Automatic Sprinkler, Established Yard
  • Waterfront: Yes
  • Home Warranty: No
  • Construction Type: Frame, Brick, Hardboard
  • Exterior Features: Rain Gutters
  • Patio And Porch Features: Patio, Covered Patio
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 3
  • Garage Spaces: 3
  • Parking Features: Garage Door Opener, 3 Car, Attached
  • Total Parking Spaces: 3

Utilities

  • Laundry Features: Main Level, Electric, Wood
  • Security: Smoke Detector(s), Carbon Monoxide Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric Forced Air
  • Heating Yn: Yes
  • Utilities: Sewer Connected
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 11
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Elementary School: Stolley Park
  • High School: Grand Island Senior High
  • Middle Or Junior School: Barr Middle School

Lot Info

  • Lot Size Sq Ft: 10454.4
  • Farm Land Area Units: Square Feet
  • Parcel #: 400367963
  • Zoning: R1

Green Features

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 6070
  • Tax Year: 2024

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
2024 $6,069 $419,940 $31,425 $388,515
2023 $5,871 $335,433 $31,425 $304,008
2022 $4,783 $247,851 $30,000 $217,851
2021 $4,848 $247,851 $30,000 $217,851
2020 $5,363 $247,851 $30,000 $217,851
2019 $5,498 $269,006 $30,162 $238,844
2017 $5,387 $257,632 $30,162 $227,470
2016 $4,570 $227,493 $30,162 $197,331
2015 $4,638 $227,493 $30,162 $197,331
2014 $1,912 $227,493 $30,162 $197,331
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 Pending -- -- --
07/15/2025 07/15/25 Price Changed $425,000 -5.6% $185 / Sq Ft
05/27/2025 05/27/25 Price Changed $450,000 -4.3% $196 / Sq Ft
05/20/2025 05/20/25 Price Changed $470,000 -5.1% $205 / Sq Ft
05/06/2025 05/06/25 For Sale $495,000 +7.8% $216 / Sq Ft
08/21/2023 08/21/23 Sold $459,000 0.0% $200 / Sq Ft
07/18/2023 07/18/23 Pending -- -- --
06/26/2023 06/26/23 Price Changed $459,000 -4.2% $200 / Sq Ft
04/08/2023 04/08/23 Price Changed $479,000 -4.0% $209 / Sq Ft
03/12/2023 03/12/23 Price Changed $499,000 -2.0% $218 / Sq Ft
11/09/2022 11/09/22 For Sale $509,000 -- $222 / Sq Ft
Source: Grand Island Board of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $459,000 None Listed On Document
Warranty Deed $330,000 Vintage Title And Escrow Com
Assessor Sales History $28,500 --
Assessor Sales History -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $200,000 New Conventional
Previous Owner $183,500 New Conventional
Previous Owner $123,000 Credit Line Revolving
Previous Owner $263,920 New Conventional
Source: Public Records

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Source: Grand Island Board of REALTORS®

MLS Number: 20250417

APN: 400367963

Nebraska Hall County Grand Island 68801

1816 Rainbow Rd, Grand Island, NE

This home is located at 1816 Rainbow Rd, Grand Island, NE 68801 and is currently priced at $425,000, approximately $185 per square foot. This property was built in 2003. 1816 Rainbow Rd is a home located in Hall County with nearby schools including Stolley Park Elementary School, Barr Middle School, and Grand Island Senior High School.

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Tracy Babcock
Listing Agent
Tracy Babcock
Section Image
Babcock Real Estate
(308) 244-3322