3903 Rainbow Dr New Albany, IN 47150
3
Beds
2
Baths
1,920
Sq Ft
0.5
Acres
Highlights
- 0.5 Acre Lot
- Main Floor Primary Bedroom
- Covered patio or porch
- Open Floorplan
- Hydromassage or Jetted Bathtub
- 3 Car Attached Garage
About This Home
As of January 2025Lots of home if you are looking for a flip home or a fixer upper. This home is AS IS condition. 3 bedrooms with one on the first floor and two on the second floor with utility room there and the 2nd bath. Large 3 car attached garage and covered front porch. Owner is motivated. Play house of no value.
Last Agent to Sell the Property
RE/MAX Ability Plus License #RB14013527 Listed on: 12/05/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,621
Year Built
- Built in 1890
Parking
- 3 Car Attached Garage
- Front Facing Garage
Home Design
- Block Foundation
- Frame Construction
- Vinyl Siding
Interior Spaces
- 1,920 Sq Ft Home
- 1.5-Story Property
- Open Floorplan
- Gas Fireplace
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- 2 Full Bathrooms
- Hydromassage or Jetted Bathtub
Utilities
- Forced Air Heating and Cooling System
- Natural Gas Water Heater
Additional Features
- Covered patio or porch
- 0.5 Acre Lot
Listing and Financial Details
- Assessor Parcel Number 220506300406000008
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 5, 2024
Closed on
Jan 16, 2025
Sold by
Mckinley Joanne L
Bought by
Summit Wealth Strategies Llc
Seller's Agent
Russ Kruer
RE/MAX Ability Plus
Buyer's Agent
Robert Gaines
Keller Williams Realty Consultants
List Price
$159,900
Sold Price
$125,000
Premium/Discount to List
-$34,900
-21.83%
Views
68
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
471.25%
Original Mortgage
$204,000
Outstanding Balance
$137,506
Interest Rate
6.69%
Mortgage Type
Construction
Estimated Equity
$141,138
Purchase Details
Closed on
Jan 26, 2023
Sold by
Mckinley Michael J and Mckinley Thomas J
Bought by
Wolf Pack Management Group Llc
Purchase Details
Closed on
Mar 1, 2013
Sold by
Mckinley Thomas J
Bought by
Hutchins John M and Hutchins Buena M
Purchase Details
Closed on
Sep 27, 2007
Sold by
Mckinley Michael J and Mckinley Kimberly S
Bought by
Mckinley Michael J and Mckinley Kimberly S
Similar Homes in New Albany, IN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2025 05/30/25 | 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
Tax History Compared to Growth
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
Agents Affiliated with this Home
-
Robert Gaines
Seller's Agent in 2025
Robert Gaines
Keller Williams Realty Consultants
(812) 206-9716
91 in this area
440 Total Sales
-
Russ Kruer
Seller's Agent in 2025
Russ Kruer
RE/MAX
(502) 291-2891
20 in this area
63 Total Sales
-
Angie Ripperdan
Seller Co-Listing Agent in 2025
Angie Ripperdan
Keller Williams Realty Consultants
(812) 267-5164
21 in this area
201 Total Sales
Map
Source: Southern Indiana REALTORS® Association
MLS Number: 2024012626
APN: 22-05-06-300-406.000-008
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for consumers’ personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.
Nearby Homes
- 3907 Kyra Cir
- 2779 Mount Tabor Rd
- 3513 Alexis Dr
- 4020 Lucy Dr
- 3025 Grace Marie Way
- 3023 Grace Marie Way
- 3027 Grace Marie Way
- 3021 Grace Marie Way
- 3610 Mason Trail
- 3613 Linnert Way
- 3918 Anderson Ave
- 3924 Anderson Ave
- 3924 Anderson Ave
- 3914 Anderson Ave
- 3917 Anderson Ave
- 3517 Kamer Miller Rd
- 4007 Fields Ln
- 812 Castlewood Dr
- 1718 Lilly Ln
- 4414 Grant Line Rd