Located just two mins from I-265 in the heart of New Albany, and situated on a half acre lot featuring inground pool! Opportunities like this do not come often. Cape cod style home boasts almost 2800 square feet of above grade living space. Main level provides entry foyer with direct access to formal dining room or office/study, and oversized living room boasting a woodburning fireplace. Kitchen includes full compliment of stainless appliances, and flows seemlessly into a second, oversized informal dining space featuring large bay window, exposed beam accents, and recessed lighting. The perfect space for entertaining! A half guest bathroom and laundry room featuring no shortage of cabinetry space round out the main level. Enjoy a secondary staircase located just adjacent to informal dining area providing direct access to a more private fourth bedroom. Main staircase leads to a centrally located full bathroom, additional bedrooms, and primary suite featuring a liberally sized closet with organization system, and a full bathroom en-suite. No shortage of space in this home, tons of storage and closet space including a large walk-in hall closet that could be converted to a secondary laundry location. Oversized two car garage features double doors, plus a pool storage area with exterior access for storing outdoor equipment, inground pool equipment stays, roof replaced in 2025. This one will not last long. Call today for your private showing!
Sold for $335,000
$335,000
3805 Rainbow Drive, New Albany, IN 47150
4beds
2,792sqft
Single Family Residence
Built in 1979
0.47 Acres Lot
$348,700 Zestimate®
$120/sqft
$2,510 Estimated rent
Home value
$348,700
$282,000 - $429,000
$2,510/mo
Zestimate® history
Owner options
List your home for rent
$2,510/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,510/mo
Rent Zestimate®
Refinance and save
$2,003/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,003/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Inground poolWoodburning fireplacePrimary suiteOversized informal dining spaceSecondary staircaseLarge bay windowRecessed lighting
Zillow last checked:
Listing updated:
Listed by:
Heather Robinson,
Green Tree Real Estate Services
Bought with:
Amy Inman Harper, RB19001245
Keller Williams Louisville
Source: SIRA,MLS#: 202509184
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Rooms
- Room types: Family Room
Primary bedroom
- Level: Second
- Dimensions: 12 x 21
Bedroom
- Level: Second
- Dimensions: 12 x 13
Bedroom
- Level: Second
- Dimensions: 9 x 13
Bedroom
- Level: Second
- Dimensions: 10 x 23
Dining room
- Level: First
- Dimensions: 12 x 15
Family room
- Level: First
- Dimensions: 11 x 23
Other
- Level: First
Other
- Level: Second
Other
- Level: Second
Kitchen
- Level: First
- Dimensions: 11 x 10
Living room
- Level: First
- Dimensions: 12 x 27
Other
- Level: First
- Dimensions: 5 x 10
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Disposal, Microwave, Oven, Range, Refrigerator
- Laundry: Main Level, Laundry Room
Features
- Breakfast Bar, Ceiling Fan(s), Separate/Formal Dining Room, Entrance Foyer, Eat-in Kitchen, Bath in Primary Bedroom, Mud Room, Utility Room
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 2,792
- Total interior livable area: 2,792 sqft
- Finished area above ground: 2,792
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached, Garage, Garage Door Opener
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: One and One Half,Two
- Stories: 2
- Patio & porch: Deck
- Exterior features: Deck, Fence, Landscaping, Paved Driveway
- Pool features: In Ground, Pool
- Fencing: Yard Fenced
Lot
- Size: 0.47 Acres
- Features: Corner Lot
Details
- Additional structures: Other
- Parcel number: 0084422007
- Zoning: Residential
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: One and One Half Story,Two Story
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Frame
- Foundation: Poured
- Roof: Shingle
Condition
- New construction: No
- Year built: 1979
Utilities & green energy
- Sewer: Public Sewer
- Water: Connected, Public
Community & HOA
Community
- Security: Security System
HOA
- Has HOA: No
Location
- Region: New Albany
Financial & listing details
- Price per square foot: $120/sqft
- Tax assessed value: $292,100
- Annual tax amount: $1,890
- Date on market: 7/2/2025
- Cumulative days on market: 47 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/18/2025 | Sold | $335,000+1.5%$120/sqft |
Source:  SIRA #202509184 Report a problem | ||
| 7/2/2025 | Listed for sale | $329,900+107.5%$118/sqft |
Source: SIRA #202509184 Report a problem | ||
| 4/14/2014 | Sold | $159,000-3.6%$57/sqft |
Source: SIRA #201400817 Report a problem | ||
| 1/31/2014 | Price change | $164,900-1.8%$59/sqft |
Source: Watkins Real Estate Solutions #201400817 Report a problem | ||
| 11/4/2013 | Listed for sale | $168,000-2.3%$60/sqft |
Source: Schuler Bauer Real Estate ERA Powered #201303504 Report a problem | ||
| 8/16/2013 | Listing removed | $171,900$62/sqft |
Source: Schuler Bauer Real Estate ERA Powered #201303504 Report a problem | ||
| 7/27/2013 | Price change | $171,900-2.3%$62/sqft |
Source: Schuler Bauer Real Estate ERA Powered #201303504 Report a problem | ||
| 6/13/2013 | Price change | $175,900-3.8%$63/sqft |
Source: Schuler Bauer Real Estate ERA Powered #201303504 Report a problem | ||
| 5/17/2013 | Listed for sale | $182,900$66/sqft |
Source: Schuler Bauer Real Estate ERA Powered #201303504 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,782 +8.1% | $292,100 +11.8% |
| 2024 | $2,574 +20% | $261,200 +21.2% |
| 2023 | $2,145 +11.7% | $215,500 +16.2% |
| 2022 | $1,920 -2% | $185,400 +11.8% |
| 2021 | $1,959 +5.9% | $165,800 -0.9% |
| 2020 | $1,849 -11.9% | $167,300 +4.7% |
| 2019 | $2,098 +17.6% | $159,800 -6.4% |
| 2018 | $1,785 | $170,700 +15.2% |
| 2017 | $1,785 +1.9% | $148,200 |
| 2016 | $1,751 | $148,200 -4.9% |
| 2014 | $1,751 -3.1% | $155,900 -3.9% |
| 2013 | $1,806 -4.5% | $162,200 -0.7% |
| 2012 | $1,891 -5.8% | $163,400 -6.6% |
| 2011 | $2,008 +0.6% | $174,900 |
| 2010 | $1,996 +8.8% | $174,900 |
| 2009 | $1,835 +16.4% | $174,900 -5.7% |
| 2007 | $1,577 | $185,400 -2.1% |
| 2006 | -- | $189,400 +28.4% |
| 2005 | -- | $147,500 |
Find assessor info on the county website
Neighborhood: 47150
Nearby homes
- $179,5003 bd1 ba1.1k sqft3818 Old Klerner Ln, New Albany, IN 47150Off Market
- $244,3003 bd1 ba1.1k sqft3807 Rainbow Dr, New Albany, IN 47150Off Market
- $334,9003 bd2 ba1.9k sqft3807 Old Klerner Ln, New Albany, IN 47150Off Market
- $237,9003 bd2 ba1.3k sqft3906 Brookside Ln, New Albany, IN 47150Off Market
- $243,4003 bd2 ba1.3k sqft3906 Brookside Dr, New Albany, IN 47150Off Market
- $209,0003 bd1 ba1.1k sqft3820 Klerner Ln, New Albany, IN 47150Sold
- $275,0003 bd2 ba1.7k sqft3800 Dalebrook Dr, New Albany, IN 47150Sold
- $308,8003 bd1 ba1.8k sqft3722 Old Klerner Ln, New Albany, IN 47150Off Market
Nearby schools
GreatSchools rating
- 7/10Slate Run Elementary SchoolGrades: PK-4Distance: 1.6 mi
- 4/10Hazelwood Middle SchoolGrades: 5-8Distance: 2.6 mi
- 7/10New Albany Senior High SchoolGrades: 9-12Distance: 2.7 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$348,700
2% more
+$6,974
With Zillow Showcase(estimated)
$355,674
- Indiana
- Floyd County
- New Albany
- 47150
- 3805 Rainbow Drive
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other New Albany Topics
