Welcome to this inviting 3-bedroom, 1-bathroom home, perfectly situated on a huge lot in the heart of New Albany. This property offers a combination of convenience and space, making it a standout choice for your next home.
The exterior boasts a fully fenced yard, ideal for pets, outdoor activities, or gardening. You’ll also appreciate the convenience of not one, but two carports, providing ample covered parking and protection for your vehicles or additional storage.
Inside, the home is filled with natural light, hardwood floors and all the charm! The cozy living room welcomes you with a warm ambiance, while the kitchen offers plenty of cabinetry and countertop space, perfect for preparing meals.
All three bedrooms are generously sized, providing flexibility for family, guests, or a home office. The finished basement is a true bonus, offering additional living space for a family room or bonus area, along with plenty of storage options.
Located in a peaceful neighborhood, yet close to schools, parks, and local amenities, this home delivers all convenience you could want.
With its expansive double lot, fenced yard, finished basement, and two carports, this property is a rare gem in New Albany. Don’t miss the chance to make it your own—schedule a private tour today!
Sold for $230,000
$230,000
3918 Rainbow Drive, New Albany, IN 47150
3beds
1,471sqft
Single Family Residence
Built in 1954
0.44 Acres Lot
$245,700 Zestimate®
$156/sqft
$1,707 Estimated rent
Home value
$245,700
$199,000 - $302,000
$1,707/mo
Zestimate® history
Owner options
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$1,707/mo
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$1,460/mo
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List your homeWhat's special
Finished basementFully fenced yardTwo carportsNatural lightHuge lotExpansive double lotHardwood floors
Zillow last checked:
Listing updated:
Listed by:
Chandler Dale,
Covenant Realty, LLC
Bought with:
Chris West, RB20000763
RE/MAX FIRST
Source: SIRA,MLS#: 202505040
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Family Room
Primary bedroom
- Level: First
Bedroom
- Level: First
Bedroom
- Level: First
Family room
- Level: Lower
Other
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Washer
- Laundry: In Basement, Laundry Room
Features
- Eat-in Kitchen, Main Level Primary, Storage
- Basement: Finished
- Has fireplace: No
Interior area
- Total structure area: 1,471
- Total interior livable area: 1,471 sqft
- Finished area above ground: 1,046
- Finished area below ground: 425
Property
Parking
- Parking features: Carport
- Has carport: Yes
Features
- Exterior features: Fence
- Fencing: Yard Fenced
Lot
- Size: 0.44 Acres
- Features: Corner Lot
Details
- Additional structures: Shed(s)
- Parcel number: 0084427010
- Zoning: Residential
- Zoning description: Residential
- Special conditions: Relocation
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stone, Wood Siding, Frame
- Foundation: Poured
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1954
Utilities & green energy
- Sewer: Public Sewer
- Water: Connected, Public
Community & HOA
Location
- Region: New Albany
Financial & listing details
- Price per square foot: $156/sqft
- Tax assessed value: $192,500
- Annual tax amount: $1,812
- Date on market: 1/3/2025
- Cumulative days on market: 112 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/25/2025 | Sold | $230,000+0%$156/sqft |
Source:  SIRA #202505040 Report a problem | ||
| 3/25/2025 | Listed for sale | $229,900$156/sqft |
Source: SIRA #202505040 Report a problem | ||
| 3/17/2025 | Listing removed | $229,900$156/sqft |
Source: SIRA #202505040 Report a problem | ||
| 2/20/2025 | Price change | $229,900-2.5%$156/sqft |
Source: SIRA #202505040 Report a problem | ||
| 1/28/2025 | Price change | $235,900-1.7%$160/sqft |
Source: SIRA #202505040 Report a problem | ||
| 1/3/2025 | Listed for sale | $239,900+91.9%$163/sqft |
Source: SIRA #202505040 Report a problem | ||
| 11/15/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 11/13/2023 | Listed for rent | $1,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/19/2017 | Sold | $125,000+0%$85/sqft |
Source: SIRA #201705493 Report a problem | ||
| 4/1/2017 | Price change | $124,990+0.1%$85/sqft |
Source: RE/MAX FIRST (JEFFERSONVILLE NEW ALBANY) #201705493 Report a problem | ||
| 3/10/2017 | Listed for sale | $124,900+78.7%$85/sqft |
Source: Owner Report a problem | ||
| 5/12/2014 | Sold | $69,900$48/sqft |
Source: SIRA #201402885 Report a problem | ||
| 4/24/2014 | Listed for sale | $69,900$48/sqft |
Source: Semonin Realtors - New Albany Office #201402885 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,842 +1.6% | $192,500 +10.4% |
| 2024 | $1,812 +23.1% | $174,400 +8.5% |
| 2023 | $1,473 +10.9% | $160,700 +16.2% |
| 2022 | $1,328 +115.6% | $138,300 +10.6% |
| 2021 | $616 +17.5% | $125,100 +50.7% |
| 2020 | $524 -10.7% | $83,000 +6.1% |
| 2019 | $587 +19.6% | $78,200 -5% |
| 2018 | $491 | $82,300 +13.5% |
| 2017 | $491 +8% | $72,500 +0.6% |
| 2016 | $455 +14% | $72,100 +7.1% |
| 2014 | $399 -18.4% | $67,300 -28.3% |
| 2013 | $489 -39.7% | $93,800 -0.8% |
| 2012 | $812 +57.7% | $94,600 +21.6% |
| 2011 | $515 +2.9% | $77,800 |
| 2010 | $501 +12.1% | $77,800 |
| 2009 | $446 | $77,800 |
Find assessor info on the county website
Neighborhood: 47150
Nearby homes
- $288,3003 bd2 ba1.1k sqft3858 Monty Dr, New Albany, IN 47150Off Market
- $258,1003 bd1 ba2.3k sqft3924 Rainbow Dr, New Albany, IN 47150Off Market
- $304,5003 bd3 ba1.6k sqft3910 Rainbow Dr, New Albany, IN 47150Off Market
- $401,7004 bd4 ba4.6k sqft3852 Monty Dr, New Albany, IN 47150Off Market
- $630,2004 bd4 ba5k sqft3925 Rainbow Dr, New Albany, IN 47150Off Market
- $272,1003 bd2 ba1.3k sqft3851 Monty Dr, New Albany, IN 47150Off Market
- $131,9002 bd1 ba624 sqft3906 Rainbow Dr, New Albany, IN 47150Sold
- $274,7003 bd2 ba1.3k sqft3919 Rainbow Dr, New Albany, IN 47150Off Market
Nearby schools
GreatSchools rating
- 7/10Slate Run Elementary SchoolGrades: PK-4Distance: 1.5 mi
- 4/10Hazelwood Middle SchoolGrades: 5-8Distance: 2.5 mi
- 7/10New Albany Senior High SchoolGrades: 9-12Distance: 2.7 mi
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- Indiana
- Floyd County
- New Albany
- 47150
- 3918 Rainbow Drive
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