$314,900
$10K PRICE DROP

3903 Rainbow Dr New Albany, IN 47150

Estimated payment $1,813/month

Total Views 33,322
4 Beds
3 Baths
1,920 Sq Ft
$164 Price per Sq Ft

Highlights

  • Very Popular Property
  • Deck
  • 1 Fireplace
  • 0.5 Acre Lot
  • Park or Greenbelt View
  • Sun or Florida Room

About This Home

OPEN HOUSE, Tuesday (7/29) 5-7pm. Welcome to this beautifully remodeled 4-bedroom, 3-bathroom home, conveniently located near I-265, shopping centers, and a variety of restaurants. The property boasts a new roof, new plumbing, modern light fixtures, and fresh interior and exterior paint. The heart of the home is the kitchen, featuring new white cabinets complemented by butcher block countertops. All appliances to remain. Recent additions also include an update sunroom with new windows. The main floor offers a Living room, dinning area and family room along with a bedroom and bathroom. Upstairs, you'll find a spacious main bedroom ensuite with new carpeting all new bath.
Two additional bedrooms and a full bath, laundry room complete the upstairs. The attached two-car garage provides ample storage and parking. Don't miss the opportunity to own this move-in-ready gem! One owner is a licensed real estate agent.

Listing Agent

Robert Gaines

Keller Williams Realty Consultants License #RB17001192 Listed on: 07/24/2025

Keller Williams Realty Consultants

Co-Listing Agent

Angie Ripperdan

Keller Williams Realty Consultants License #RB17001934

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $892

Year Built

  • Built in 1890

Lot Details

  • 0.5 Acre Lot
  • Landscaped
  • Garden

Parking

  • 2 Car Garage
  • Off-Street Parking

Home Design

  • Frame Construction

Interior Spaces

  • 1,920 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Entrance Foyer
  • Family Room
  • Sun or Florida Room
  • Screened Porch
  • Storage
  • Park or Greenbelt Views
  • Crawl Space

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • 3 Full Bathrooms

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 220506300406000008

Home Details

Home Type

Single Family

Est. Annual Taxes

$892

Year Built

Built in 1890

Lot Details

0

Parking

2

Listing Details

  • Improvements: 120100
  • Additional Parking: Off Street
  • Annual Tax: 892
  • Appointment: Mandatory
  • Construction: Frame On-Site
  • Foundation: Crawl Space
  • Land Assessment: 33000
  • Legal Description: 63 ILL. GNT. 0.503A
  • Numof Fireplaces: 1
  • Open House Count: 1
  • Out Buildings: Garage
  • Parcel Number: 220506300406000008
  • Property Sub Type: Residential
  • Property Type: Residential/Farm
  • Total: 153100
  • Total Finished Square Footage: 1920
  • Type: 1.5 Story
  • Year Built: 1890
  • Special Features: None

Interior Features

  • Water Heater: Natural Gas
  • Basement Type: Crawl Space
  • Above Grade Finished Sq Ft: 1920.00
  • Appliances: Dishwasher, Microwave, Range / Oven, Refrigerator
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Fireplace: Unknown
  • Interior Amenities: Added Storage, Ceiling Fan(s), Family Room, Foyer, Split Bedrooms
  • Lot Sq Ft: 21780.00
  • Room Count: 8
  • Sewer Type: Sewer
  • Total Sq Ft: 1920
  • Total Rooms: 8

Exterior Features

  • Exterior Features: Deck, Landscaped, Screened Porch, Sunroom

Garage/Parking

  • Garage Type: Attached
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Cooling Type: Central Air
  • Fuel Type: Nat Gas
  • Heat Type: Forced Air
  • Water Type: Public Onsite

Lot Info

  • Acres: 0.5000
  • Lot Description: Garden Area, Park-Like View
  • Zoning: Residential

Map

Range of Values:

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Average Value
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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 $1,621 $163,600 $24,900 $138,700
2023 $1,621 $153,100 $33,000 $120,100
2022 $1,389 $131,900 $33,000 $98,900
2021 $1,240 $119,800 $33,000 $86,800
2020 $1,197 $119,800 $33,000 $86,800
2019 $1,040 $112,700 $33,000 $79,700
2018 $1,134 $118,800 $33,000 $85,800
2017 $926 $105,100 $33,000 $72,100
2016 $847 $104,300 $33,000 $71,300
2014 $934 $104,000 $33,300 $70,700
2013 -- $107,700 $33,300 $74,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 Price Changed $314,900 -3.1% $164 / Sq Ft
07/24/2025 07/24/25 For Sale $324,900 +159.9% $169 / Sq Ft
01/16/2025 01/16/25 Sold $125,000 -21.8% $65 / Sq Ft
12/12/2024 12/12/24 Pending -- -- --
12/05/2024 12/05/24 For Sale $159,900 -- $83 / Sq Ft
Source: Southern Indiana REALTORS® Association

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed $125,000 None Listed On Document
Warranty Deed -- --
Deed $137,000 --
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $204,000 Construction
Closed $204,000 Construction
Source: Public Records

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Source: Southern Indiana REALTORS® Association

MLS Number: 202509754

Southern Indiana REALTORS® Association

APN: 22-05-06-300-406.000-008