NOT LISTED FOR SALE

408 Rainbow St Spavinaw, OK 74366

Estimated Value: $30,000 - $161,000

1 Bed
1 Bath
648 Sq Ft
$103/Sq Ft Est. Value

Last Sold June 10, 2025

Last sale price $30,730 $47 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $370/month

16 Days on Market

Highlights

  • Craftsman Architecture
  • No HOA
  • Ceiling Fan
  • Mature Trees
  • Tile Flooring
  • North Facing Home

About This Home

As of June 2025

Cute 1 bedroom 1 bath bungalow at Spavinaw Lake! This small 1 bedroom is perfect for that weekend retreat. Just a leisurely 3-minute walk away lies the serene Spavinaw State Park, offering well-appointed campgrounds and a picturesque creek ideal for fishing, swimming, and tubing. Plus, Spavinaw Lake and a public boat ramp are less than a mile away. Enjoy the tranquility of small-town life while remaining conveniently close to urban amenities. Situated an hour from Tulsa, a half-hour from the expansive 9000-acre MidAmerica Industrial Park (MAIP), and Vinita, with the forthcoming Heartland of America theme park nearby, this property offers both a home and an investment opportunity. Don't miss the chance to make this affordable house your home or investment property today.

Last Agent to Sell the Property

Josh Rainwater

Coldwell Banker Select License #142796 Listed on: 05/09/2025

Coldwell Banker Select

Last Buyer's Agent

Josh Rainwater

Coldwell Banker Select License #142796 Listed on: 05/09/2025

Coldwell Banker Select

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $270

Year Built

  • Built in 1940

Lot Details

  • 4,797 Sq Ft Lot
  • North Facing Home
  • Mature Trees

Home Design

  • Craftsman Architecture
  • Wood Frame Construction
  • Fiberglass Roof
  • Masonite
  • Asphalt

Interior Spaces

  • 648 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Aluminum Window Frames
  • Crawl Space

Kitchen

  • Oven
  • Range
  • Laminate Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Schools

  • Salina Elementary School
  • Salina High School

Utilities

  • Radiant Heating System
  • Gas Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Rainbow Park Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$270

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Directions: From US Hwy 412 and State Hwy 82 at Locust Grove, head north on SH 82 for 20 miles then Left on Rainbow St (across from entrance to Spavinaw State Park). Home is on Left
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Year Built: 1940
  • Lot Size Acres: 0.11
  • Water Body Name: Spavinaw Lake
  • Subdivision Name: Rainbow Park
  • Architectural Style: Craftsman
  • Garage Yn: No
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: House
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Interior Amenities: Laminate Counters, None, Ceiling Fan(s)
  • Appliances: Gas Water Heater, Oven, Range
  • Has Basement: None, Crawl Space
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Flooring: Laminate, Tile
  • Living Area: 648.0
  • Window Features: Aluminum Frames

Exterior Features

  • Exterior Features: None
  • Fencing: None
  • Lot Features: Mature Trees
  • Pool Features: None
  • Waterfront Features: Other
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Masonite, Wood Frame
  • Direction Faces: North
  • Foundation Details: Crawlspace
  • Other Structures: None
  • Patio And Porch Features: None
  • Roof: Asphalt, Fiberglass

Utilities

  • Sewer: Septic Tank
  • Utilities: Electricity Available, Natural Gas Available
  • Water Source: Public
  • Security: No Safety Shelter
  • Cooling: Other
  • Heating: Electric, Radiant
  • Heating Yn: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Amenities: Other
  • Association: No

Schools

  • High School: Salina
  • Elementary School: Salina
  • Junior High Dist: Salina - Sch Dist (M5)

Lot Info

  • Lot Size Sq Ft: 4797.0
  • Additional Parcels: No

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 270.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 25, 1993
Sold by
Lane Jerry D
Bought by
Mcdonald Jim
Current Estimated Value
$66,955
Source: Public Records
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

Purchase History

Date Buyer Sale Price Title Company
Mcdonald Jim $17,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2025 06/10/25 Sold $30,730 +2.4% $47 / Sq Ft
05/25/2025 05/25/25 Pending -- -- --
05/09/2025 05/09/25 For Sale $30,000 -- $46 / Sq Ft
Source: MLS Technology

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 $267 $4,170 $86 $4,084
2024 $270 $4,170 $76 $4,094
2023 $270 $4,170 $84 $4,086
2022 $272 $4,170 $126 $4,044
2021 $238 $4,170 $127 $4,043
2020 $246 $4,170 $162 $4,008
2019 $247 $4,170 $163 $4,007
2018 $249 $4,170 $168 $4,002
2017 $263 $4,318 $166 $4,152
2016 $260 $4,318 $353 $3,965
2015 $227 $4,318 $353 $3,965
2014 $227 $4,318 $353 $3,965
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MLS Technology

MLS Number: 2520333

MLS Technology

APN: T030-00-005-004-0-001-00