NOT LISTED FOR SALE

3501 N Rainbow Houston, AK 99694

Estimated Value: $209,000 - $347,518

2 Beds
1 Bath
1,424 Sq Ft
$206/Sq Ft Est. Value

Sale Details

Date Sold: May 8, 2025

Current estimated payment $1,810 / mo

1 Day on Market

Highlights

  • Chalet
  • Shed
  • Heating Available

About This Home

As of May 2025

Investment opportunity! Two bed partial A frame that needs love. This is definitely a fixer upper but has a lot of potential. It has a large 768 foot detached shop/garage, shed, green house, small loft and is composed of two lots bringing it to 1.5 acres. Come see this house with loads of possibility. Just down the street from a lake and plenty of room to breathe.

Last Agent to Sell the Property

Tristan Smith Real Estate Group

Real Broker Wasilla Listed on: 11/18/2023

Last Buyer's Agent

Rod Burris

Real Broker Alaska License #150734

Real Broker Alaska

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1976

Lot Details

  • 1.5 Acre Lot
  • Property is zoned UNZ, Not Zoned-all MSB but Palmer/Wasilla/Houston

Parking

  • 2 Car Garage

Home Design

  • 1,424 Sq Ft Home
  • Chalet
  • Block Foundation
  • Shingle Roof
  • Composition Roof
  • Asphalt Roof

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Shed

Schools

  • Btv-Undiscl By Ll Elementary And Middle School
  • Btv-Undiscl By Ll High School

Utilities

  • Heating Available
  • Private Water Source
  • Well
  • Septic Tank

Home Details

Home Type

Single Family

Year Built

Built in 1976

Lot Details

1.5 Acres

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.5
  • Road Surface Type: Gravel
  • Directions: Parks Highway to King Arthur Drive, right on Leprechaun Drive and right on Rainbow Circle.
  • Architectural Style: Chalet/A-Frame, Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Property Attached Yn: No
  • Structure Type: Single Family Res
  • Year Built: 1976
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1424

Exterior Features

  • Lot Features: Cul-De-Sac
  • Topography: Level
  • View: No
  • Waterfront Features: None, Lake Privileges
  • Waterfront: No
  • Home Warranty: No
  • Common Walls: No Common Walls
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Block
  • Other Structures: Shed(s)
  • Property Condition: Existing Structure
  • Roof: Asphalt, Composition, Shingle

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Garaged Spaces: 2
  • Parking Features: Detached, No Carport
  • Total Parking Spaces: 2

Utilities

  • Heating: Unknown, Wood
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Private, Well

Schools

  • Elementary School: BTV-Undiscl by LL
  • High School: BTV-Undiscl by LL
  • Middle Or Junior School: BTV-Undiscl by LL

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Lot Size Sq Ft: 65340
  • Mobile Dim Units: Feet
  • Zoning Description: Not Zoned-all MSB but Palmer/Wasilla/Houston
  • Zoning: UNZ
  • ResoLotSizeUnits: Acres

Green Features

Multi Family

Tax Info

  • Tax Map Number: HO06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2023
Closed on
Mar 14, 2025
Sold by
Brockway and Brockway Kayla
Bought by
George Julia
Seller's Agent
Tristan Smith Real Estate Group
Real Broker Wasilla
Buyer's Agent
Rod Burris
Real Broker Alaska
List Price
$185,000
Views
34
Current Estimated Value
$292,416

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
95.59%
Original Mortgage
$254,572
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2013
Sold by
Frost Steven W and Frost Heidi J
Bought by
Brockway Wesley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,800
Interest Rate
4.27%
Mortgage Type
VA

Purchase Details

Closed on
Apr 10, 2002
Sold by
Frost Donald W and Frost Sharon T
Bought by
Frost Steven W and Frost Heidi J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,300
Interest Rate
6.78%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
George Julia -- First American Title Insurance
Brockway Wesley -- Atga
Frost Steven W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner George Julia $254,572
Previous Owner Brockway Wesley $152,800
Previous Owner Frost Steven W $117,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2025 05/08/25 Sold -- -- --
11/20/2023 11/20/23 Pending -- -- --
11/18/2023 11/18/23 For Sale $185,000 -- $130 / Sq Ft
Source: Alaska Multiple Listing Service

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 $2,992 $265,700 $9,500 $256,200
2024 $2,992 $254,700 $9,500 $245,200
2023 $2,589 $227,200 $9,500 $217,700
2022 $2,448 $205,700 $9,500 $196,200
2021 $2,234 $172,600 $9,500 $163,100
2020 $2,246 $168,600 $9,500 $159,100
2019 $2,148 $160,500 $9,500 $151,000
2018 $2,128 $159,600 $9,500 $150,100
2017 $1,980 $148,500 $9,500 $139,000
2016 $1,975 $152,100 $9,500 $142,600
2015 $1,928 $148,400 $9,500 $138,900
2014 $1,928 $147,500 $9,500 $138,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2025

    Tristan Smith Real Estate Group

    Real Broker Wasilla

  • Rod Burris

    Buyer's Agent in 2025

    Rod Burris

    Real Broker Alaska

    (907) 795-2090

    30 Total Sales

    Rod Burris
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Map

Source: Alaska Multiple Listing Service

MLS Number: 23-13661

Alaska Multiple Listing Service

APN: 6100B16L030

Alaska Matanuska-Susitna Borough Houston 99694

3501 N Rainbow, Houston, AK

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