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Sold for $942,000
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  • $942,000

    12481 Rainbow Dr, Truckee, CA 96161

    3beds
    1,448sqft
    Single Family Residence
    Built in 1978
    0.33 Acres Lot
    $943,300 Zestimate®
    $651/sqft
    $3,931 Estimated rent

    Home value

    $943,300

    $840,000 - $1.07M

    $3,931/mo

    Zestimate® history
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    What's special

    Move-in readySpacious and sunny backyardOpen floor planFamily haven
    Welcome home to this stunning, *fully renovated* residence in the highly sought-after Prosser Lakeview Estates neighborhood. Every detail has been thoughtfully upgraded—from brand-new electrical systems and modern fixtures to refreshed finishes and refined design elements—bringing a perfect balance of comfort, quality, and mountain charm. Step inside to a bright, airy interior where the open floor plan flows seamlessly between living, dining, and kitchen areas, creating an ideal environment for both everyday living and effortless entertaining. The renovation was comprehensive, enhancing not just style but functionality, with improvements throughout that make this home truly move-in ready. Outside, a spacious and sunny backyard invites fun and relaxation—perfect for kids, pets, outdoor dining, or gatherings beneath the pines. It’s an entertainer’s dream and a family haven rolled into one, offering space to play, garden, or unwind year-round. From your doorstep, explore miles of nearby trails for hiking and biking, or spend a day at Prosser Lake paddle-boarding, fishing, or picnicking with mountain views all around. The home also offers excellent access to town conveniences—just minutes to Historic Downtown Truckee, Glenshire Elementary’s school bus stop, and local favorites like Truckee Thursdays and Music in the Park. This is a rare opportunity to own a *completely renovated* mountain home in one of Truckee’s most desirable neighborhoods—where modern living, family-friendly outdoor space, and the Tahoe lifestyle come together perfectly.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jenna J Belden 530-448-6035,

    COMPASS

    Bought with:

    Jenna J Belden, DRE #01863303

    COMPASS

    Source: TSMLS,MLS#: 20251919MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Natural Gas, Baseboard, Hydronic
    Appliances
    • Included: Range, Oven, Microwave, Disposal, Dishwasher, Refrigerator, Washer, Dryer
    • Laundry: In Garage
    Features
    • Phone, High Speed Internet, 1 Ensuite
    • Flooring: Vinyl, Mixed
    • Has fireplace: Yes
    • Fireplace features: Fireplace: Living Room, Gas Fireplace
    Interior area
    • Total structure area: 1,448
    • Total interior livable area: 1,448 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Two, Attached
    • Attached garage spaces: 2
    Accessibility
    • Accessibility features: Few Steps
    Features
    • Levels: One
    • Patio & porch: Deck(s): 2
    • Has view: Yes
    • View description: Trees/Woods
    Lot
    • Size: 0.33 Acres
    • Features: Street
    • Topography: Level,Downslope,Gently Rolling
    Details
    • Additional structures: Outbuilding
    • Parcel number: 016360003000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Frame
    • Foundation: Concrete Perimeter
    • Roof: Composition,Metal
    Condition
    • Updated/Remodeled,Like New
    • New construction: No
    • Year built: 1978

    Utilities & green energy

    • Sewer: Septic Tank, Utility District
    • Water: Utility District
    • Utilities for property: Natural Gas Available, Cable Connected

    Community & HOA

    Community
    • Security: Closed Circuit Camera(s)
    • Subdivision: Truckee
    HOA
    • Has HOA: No
    Location
    • Region: Truckee

    Financial & listing details

    • Price per square foot: $651/sqft
    • Tax assessed value: $862,920
    • Annual tax amount: $9,956
    • Price range: $942K - $942K
    • Date on market: 8/21/2025

    Price history

    DateEventPrice
    12/8/2025Sold$942,000-2.8%$651/sqft
    Source: TSMLS #20251919 Report a problem
    11/9/2025Pending sale$969,000$669/sqft
    Source: TSMLS #20251919 Report a problem
    9/29/2025Price change$969,000-3%$669/sqft
    Source: TSMLS #20251919 Report a problem
    8/21/2025Listed for sale$999,000+11%$690/sqft
    Source: TSMLS #20251919 Report a problem
    6/24/2022Sold$900,000+0.1%$622/sqft
    Source: TSMLS #20220871 Report a problem
    5/25/2022Pending sale$899,000$621/sqft
    Source: TSMLS #20220871 Report a problem
    5/13/2022Listed for sale$899,000+419.7%$621/sqft
    Source: TSMLS #20220871 Report a problem
    5/13/1999Sold$173,000$119/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$9,956 +2.1%$862,920 +2%
    2024$9,755 -1.6%$846,000
    2023$9,915 +175.6%$846,000 +231.1%
    2022$3,598 +8.5%$255,549 +2%
    2021$3,317 +0.6%$250,539 +1%
    2020$3,298 +0.4%$247,971 +2%
    2019$3,286 +4.1%$243,110 +2%
    2018$3,156 +2.8%$238,345 +2%
    2017$3,068 +0.7%$233,672 +2%
    2016$3,047 +2.4%$229,092 +1.5%
    2015$2,976 +4.1%$225,652 +2%
    2014$2,858 $221,233 +0.5%
    2013-- $220,234 +2%
    2012-- $215,917 +2%
    2011-- $211,684 +0.8%
    2010-- $210,103 -0.2%
    2009-- $210,603 +2%
    2008-- $206,474 +2%
    2007-- $202,427 +2%
    2006-- $198,459 +2%
    2005-- $194,568 +2%
    2004-- $190,754 +1.9%
    2003-- $187,258 +2%
    2002$190 $183,587 +2%
    2001$190 $179,988
    Find assessor info on the county website

    Neighborhood: 96161

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $943,300
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $943,300