OPEN HOUSE SUNDAY, Oct 12th from 2-4pm. Welcome to this beautifully renovated brick ranch in the heart of New Albany! This 1.49 acre property is a rare find in town! With a small creek bordering the property, this home offers the perfect balance of in-town convenience and a scenic lot.
Inside, you’ll find a fresh and modern feel with new luxury vinyl plank flooring in the main living areas, new carpet in the bedrooms, and fresh paint throughout. The fully updated kitchen features all-new cabinets and appliances, making it move-in ready. A cozy wood stove in the living room adds warmth and character, perfect for gathering on cooler nights.
With four spacious bedrooms and two full bathrooms, this home provides room for everyone. Outside, raised garden beds are ready for your green thumb, while the large lot gives you space to spread out—all while being just minutes from shopping, dining, and interstate access.
Sold for $285,000
$285,000
3933 Rainbow Drive, New Albany, IN 47150
4beds
1,876sqft
Single Family Residence
Built in 1956
1.49 Acres Lot
$291,600 Zestimate®
$152/sqft
$2,140 Estimated rent
Home value
$291,600
$242,000 - $353,000
$2,140/mo
Zestimate® history
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$1,714/mo
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List your homeWhat's special
Fresh and modern feelFour spacious bedroomsLarge lotCozy wood stoveRaised garden bedsFully updated kitchenNew carpet
Zillow last checked:
Listing updated:
Listed by:
Rob Gaines,
Keller Williams Realty Consultants,
Rachel R Pledger,
Keller Williams Realty Consultants
Bought with:
Jennifer Pierce, RB24001233
RE/MAX FIRST
Source: SIRA,MLS#: 2025011424
Originating MLS: Southern Indiana REALTORS Association
Originating MLS: Southern Indiana REALTORS AssociationFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Family Room
Bedroom
- Description: Flooring: Carpet
- Level: First
Bedroom
- Description: Flooring: Carpet
- Level: First
Bedroom
- Description: Flooring: Carpet
- Level: First
Bedroom
- Description: Flooring: Carpet
- Level: First
Dining room
- Description: Flooring: Luxury Vinyl Plank
- Level: First
Family room
- Description: Flooring: Luxury Vinyl Plank
- Level: First
Other
- Description: Flooring: Luxury Vinyl Plank
- Level: First
Other
- Level: First
Kitchen
- Description: Flooring: Luxury Vinyl Plank
- Level: First
Heating
- Forced Air, Other
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Oven, Range
- Laundry: Main Level, Laundry Room
Features
- Separate/Formal Dining Room, Bath in Primary Bedroom, Main Level Primary, Split Bedrooms, Utility Room
- Windows: Screens
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Wood Burning Stove
Interior area
- Total structure area: 1,876
- Total interior livable area: 1,876 sqft
- Finished area above ground: 1,876
- Finished area below ground: 0
Property
Parking
- Details: Off Street
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered, Patio, Porch
- Exterior features: Fence, Landscaping, Porch, Patio
- Fencing: Yard Fenced
- Has view: Yes
- View description: Creek/Stream
- Has water view: Yes
- Water view: Creek/Stream
Lot
- Size: 1.49 Acres
- Features: Garden
Details
- Parcel number: 0084427006
- Zoning: Residential
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: One Story
- Property subtype: Single Family Residence
Materials
- Brick, Frame
- Foundation: Slab
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1956
Utilities & green energy
- Sewer: Public Sewer
- Water: Connected, Public
Community & HOA
Community
- Features: Sidewalks
Location
- Region: New Albany
Financial & listing details
- Price per square foot: $152/sqft
- Tax assessed value: $224,300
- Annual tax amount: $2,073
- Date on market: 9/29/2025
- Cumulative days on market: 53 days
- Listing terms: Cash,Conventional,VA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/21/2025 | Sold | $285,000-1.7%$152/sqft |
Source:  SIRA #2025011424 Report a problem | ||
| 9/29/2025 | Listed for sale | $289,900$155/sqft |
Source: SIRA #2025011424 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,073 +8.1% | $224,300 +16.5% |
| 2024 | $1,918 +19.9% | $192,500 +10.8% |
| 2023 | $1,600 +8.9% | $173,700 +14.4% |
| 2022 | $1,469 -0.1% | $151,900 +9.4% |
| 2021 | $1,470 +5.5% | $138,900 |
| 2020 | $1,393 -6.4% | $138,900 +5.3% |
| 2019 | $1,488 -15.9% | $131,900 -4.4% |
| 2018 | $1,769 | $137,900 +12.8% |
| 2017 | $1,769 +22.2% | $122,200 -1.5% |
| 2016 | $1,448 -4.7% | $124,100 -6.6% |
| 2014 | $1,519 +10.8% | $132,900 -3.3% |
| 2013 | $1,371 -3.5% | $137,500 -0.4% |
| 2012 | $1,420 +19.9% | $138,000 +9.9% |
| 2011 | $1,185 +2.9% | $125,600 |
| 2010 | $1,152 +12.3% | $125,600 |
| 2009 | $1,026 | $125,600 |
Find assessor info on the county website
Neighborhood: 47150
Nearby homes
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Nearby schools
GreatSchools rating
- 7/10Slate Run Elementary SchoolGrades: PK-4Distance: 1.4 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
- 3933 Rainbow Drive
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