$362,000
SOLD MAY 7, 2026

245 Rainbow Dr NE Lancaster, OH 43130

Lancaster Area
3 Beds
2 Baths
1,888 Sq Ft
1.48 Acre Lot

Sale Details

Date Sold: May 7, 2026

$192 Per Sq Ft

15% Below List Price

97 Days on Market

Highlights

  • Multiple Fireplaces
  • Wood Flooring
  • No HOA
  • Ranch Style House
  • Great Room
  • 2 Car Attached Garage

About This Home

As of May 2026

Set on nearly 1.5 acres just outside the city limits, this charming brick ranch offers the perfect blend of privacy, space, and convenience. Built in 1965 with an addition completed in 1996, the home features 3 bedrooms and 2 full baths and is ready for a new owner to bring it back to life. While the home is in need of updates, it has great bones and solid construction, providing an ideal foundation for your personal vision. With its classic brick exterior and generous lot, this property offers endless potential to become a true showstopper with the right design touches. Enjoy the peace and seclusion of a country setting while staying just minutes from shopping, dining, and everyday amenities. Whether you're dreaming of a cozy retreat or a beautifully renovated ranch to call home, this property invites you to create something truly special.

Last Agent to Sell the Property

Sarah Claypool

Rock House Realty LLC License #2023003929 Listed on: 01/07/2026

Last Buyer's Agent

Andrea DeLong

Revolution Realty LLC License #2020001077

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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,898

Year Built

  • Built in 1965

Lot Details

  • 1.48 Acre Lot
  • Additional Parcels

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1,888 Sq Ft Home
  • Multiple Fireplaces
  • Insulated Windows
  • Great Room
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Recreation or Family Area in Basement

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 02-70038-900

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,898

Year Built

Built in 1965

Lot Details

1.48 Acres

Parking

2

Listing Details

  • Type: Residential
  • Accessible Features: No
  • Year Built: 1965
  • Tax Year: 2025
  • Property Sub-Type: Single Family Residence
  • Lot Size Acres: 1.48
  • Co List Office Phone: 614-245-8267
  • MLS Status: Closed
  • Architectural Style: Ranch
  • ResoBuildingAreaSource: Realist
  • Reso Fireplace Features: Two
  • Unit Levels: One
  • New Construction: No
  • Reso Window Features: Insulated All
  • Location Property Info List PriceSqFt: 190.15
  • Remarks Misc Hot Sheet Comments: price
  • Basement Basement YN2: Yes
  • Accessory Dwelling Unit Existing Accessory Dwelling Unit: No
  • Rooms:Rooms: 1st Flr Primary Suite, Eat Space/Kit, Great Room, Rec Rm/Bsmt, 1st Flr Laundry
  • Tax: Homestead
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Entry Level Full Bathrooms: 2
  • Basement: Full
  • Entry Level Eating Space: 1
  • Entry Level Family Room: 1
  • Entry Level Great Room: 1
  • Utility Space (Entry Level): 1
  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl, Wood
  • Main Level Bedrooms: 3
  • General Property Info Baths FH: 2.0
  • Interior Amenities:Interior Amenities: Dishwasher, Electric Range, Refrigerator

Exterior Features

  • Common Walls: No Common Walls
  • Construction Type: Brick, Vinyl Siding
  • Foundation Details: Block
  • Exterior:Exterior: Brick, Vinyl Siding

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Attached Garage: Yes
  • Parking Features:Parking Features: Attached Garage

Utilities

  • Sewer: Private Sewer
  • Heating: Heat Pump
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: LANCASTER CSD 2305 FAI CO.

Lot Info

  • Parcel Number: 02-70038-900
  • Lot Size Sq Ft: 64468.8
  • Additional Parcels Description: 0270038480
  • Additional Parcels: Yes

Tax Info

  • Tax Annual Amount: 3898.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2026
Closed on
May 7, 2026
Sold by
Bought by
Seller's Agent
Sarah Claypool
Rock House Realty LLC
Buyer's Agent
Andrea DeLong
Revolution Realty LLC
List Price
$425,000
Sold Price
$362,000
Premium/Discount to List
-$63,000
-14.82%
Views
305
Current Estimated Value
$366,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,950
Avg. Annual Appreciation
4.63%
Original Mortgage
$343,900
Outstanding Balance
$343,230
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$23,720

Purchase Details

Closed on
Oct 4, 2013
Sold by
Bought by
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $362,000 Amerititle
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $343,900 New Conventional
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/07/2026 05/07/26 Sold $362,000 +0.8% $192 / Sq Ft
04/14/2026 04/14/26 Pending -- -- --
04/11/2026 04/11/26 Price Changed $359,000 -7.7% $190 / Sq Ft
03/18/2026 03/18/26 Price Changed $389,000 -8.5% $206 / Sq Ft
01/07/2026 01/07/26 For Sale $425,000 -- $225 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,741 $110,620 $21,570 $89,050
2024 $8,711 $89,710 $15,690 $74,020
2023 $3,238 $89,710 $15,690 $74,020
2022 $3,296 $89,710 $15,690 $74,020
2021 $2,543 $69,510 $14,270 $55,240
2020 $2,444 $69,510 $14,270 $55,240
2019 $2,332 $69,510 $14,270 $55,240
2018 $2,105 $60,570 $11,890 $48,680
2017 $2,106 $60,570 $11,890 $48,680
2016 $1,952 $60,570 $11,890 $48,680
2015 $1,927 $58,340 $11,890 $46,450
2014 $1,838 $58,340 $11,890 $46,450
2013 $1,838 $58,340 $11,890 $46,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 226000542

Columbus and Central Ohio Regional MLS

APN: 02-70038-900

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