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Off market
  • $468,400

    40 Rainbow Ct SE, Cedar Rapids, IA 52403

    4beds
    2,992sqft
    SingleFamily
    Built in 1966
    1 Acres Lot
    $468,400 Zestimate®
    $157/sqft
    $2,823 Estimated rent

    Home value

    $468,400

    $445,000 - $492,000

    $2,823/mo

    Zestimate® history
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    $2,823/mo

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    $2,823/mo

    Rent Zestimate®

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    $3,140/mo

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    What's special

    A REAL TREASURE located on a quiet cul-de-sac and an in-town acre, yet County taxes!! This charming, traditional 2-story home includes quality construction, updated kitchen and baths, 2nd floor laundry plus a 2nd hook-up in lower level, wood floors, custom built-ins, a 4-seasons sunroom overlooking the newly landscaped and wooded 1 acre lot. Additional features include new roof, new siding, new backyard fencing, deck, limestone patio and oversized garage. Full landscape plans drawn by Brett Seelman Landscape Architecture, sellers have implemented a portion of the plans and will level all plans with the house. This home is a pleasure to show!!! All offers to be accepted until 4pm Monday, March 28th. Offers to be presented to seller at 5pm on Monday the 28th.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Heating
    • Forced air, Gas
    Appliances
    • Included: Dryer, Garbage disposal, Microwave, Refrigerator, Washer
    Features
    • Flooring: Other, Carpet, Hardwood
    • Basement: Finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 2,992 sqft

    Property

    Parking
    • Parking features: Garage - Attached
    Features
    • Exterior features: Other, Wood, Composition
    Lot
    • Size: 1 Acres
    Details
    • Parcel number: 141322601200000

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Frame
    • Foundation: Concrete
    • Roof: Asphalt
    Condition
    • Year built: 1966

    Community & neighborhood

    Location
    • Region: Cedar Rapids

    Price history

    DateEventPrice
    5/9/2022Sold$405,000+1.3%$135/sqft
    Source: CRAAR, CDRMLS #2202765 Report a problem
    3/29/2022Pending sale$399,900$134/sqft
    Source: CRAAR, CDRMLS #2202765 Report a problem
    3/25/2022Listed for sale$399,900+27%$134/sqft
    Source: CRAAR, CDRMLS #2202765 Report a problem
    4/22/2015Sold$315,000-4.5%$105/sqft
    Source: CRAAR, CDRMLS #1501714 Report a problem
    2/10/2015Listed for sale$329,900+14%$110/sqft
    Source: Iowa Realty #1501072 Report a problem
    7/11/2003Sold$289,500+22.2%$97/sqft
    Source: Public Record Report a problem
    8/16/2002Sold$237,000+18.8%$79/sqft
    Source: Public Record Report a problem
    5/1/1998Sold$199,500$67/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,492 +1.6%$395,100 +3.2%
    2024$4,422 -0.2%$382,800
    2023$4,430 +1.2%$382,800 +20.5%
    2022$4,376 -1.9%$317,700
    2021$4,460 +1.8%$317,700 +6%
    2020$4,382 +7%$299,600
    2019$4,096 $299,600 +6.7%
    2018$4,096 +2.3%$280,700 +3.8%
    2017$4,004 -0.8%$270,400 +0.7%
    2016$4,036 +3.2%$268,600
    2015$3,910 +2.5%$268,600
    2014$3,814 +2.4%$268,600
    2013$3,724 +13.5%$268,600 +9%
    2012$3,282 $246,470
    2011-- $246,470
    2010$3,028 $246,470
    2008-- $246,470
    2007-- $246,470 +5%
    2005-- $234,734 +5%
    2004-- $223,556
    2003-- $223,556 +5%
    2002-- $212,910
    2001-- $212,910 +7%
    2000-- $198,981

    Find assessor info on the county website

    Neighborhood: 52403

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Arthur
    • Middle: Franklin
    • High: Washington
    • District: Cedar Rapids

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Sell for more on Zillow
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    $468,400
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    +$9,368
    With Zillow Showcase(estimated)
    $477,768