This ranch home would be perfect for a family just getting started or the empty nester! Located on a cul-de-sac. This 3-bedroom home features an extremely spacious backyard and a huge patio area. Inside, the eat-in kitchen is bright and welcoming, and just off of it is the laundry room and back entry. The one car garage is extra deep to provide storage space for tools or out-of-season holiday decorations! It could possibly allow for two small cars. Don't miss this hidden gem!!
Sold
$194,000
4515 Rainbow Ct, Indianapolis, IN 46221
3beds
999sqft
Residential, Single Family Residence
Built in 1970
10,454.4 Square Feet Lot
$196,500 Zestimate®
$194/sqft
$1,482 Estimated rent
Home value
$196,500
$181,000 - $214,000
$1,482/mo
Zestimate® history
Owner options
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$1,482/mo
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$1,482/mo
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$1,271/mo
Est. payment
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$1,271/mo
Est. payment
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List your homeWhat's special
Huge patio areaEat-in kitchenExtremely spacious backyardLaundry room
Zillow last checked:
Listing updated:
Listing Provided by:
Michelle West 317-714-8156,
eXp Realty, LLC
Bought with:
Lora Reynolds
Epique Inc
Kelton Safford
Epique Inc
Source: MIBOR as distributed by MLS GRID,MLS#: 22013405
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Primary bedroom
- Features: Carpet
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11X11
Bedroom 2
- Features: Carpet
- Level: Main
- Area: 77 Square Feet
- Dimensions: 11X7
Bedroom 3
- Features: Carpet
- Level: Main
- Area: 80 Square Feet
- Dimensions: 10X8
Kitchen
- Features: Luxury Vinyl Plank
- Level: Main
- Area: 213.84 Square Feet
- Dimensions: 16.2x13.2
Laundry
- Features: Vinyl Plank
- Level: Main
- Area: 32 Square Feet
- Dimensions: 4x8
Living room
- Features: Carpet
- Level: Main
- Area: 171.68 Square Feet
- Dimensions: 14.8x11.6
Heating
- Forced Air, Natural Gas
Appliances
- Included: Gas Oven, Range Hood, Refrigerator
- Laundry: Laundry Room
Features
- Attic Pull Down Stairs, Pantry
- Has basement: No
- Attic: Pull Down Stairs
Interior area
- Total structure area: 999
- Total interior livable area: 999 sqft
Property
Parking
- Total spaces: 1
- Parking features: Attached
- Attached garage spaces: 1
Features
- Levels: One
- Stories: 1
Lot
- Size: 10,454 sqft
Details
- Parcel number: 491131100018000200
- Special conditions: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- Aluminum Siding, Brick
- Foundation: Slab
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Water: Municipal/City
Community & neighborhood
Location
- Region: Indianapolis
- Subdivision: Clover Leaf Village
Price history
| Date | Event | Price |
|---|---|---|
| 6/4/2025 | Sold | $194,000-2.5%$194/sqft |
Source:  MIBOR as distributed by MLS GRID #22013405 Report a problem | ||
| 5/7/2025 | Pending sale | $198,999$199/sqft |
Source: MIBOR as distributed by MLS GRID #22013405 Report a problem | ||
| 4/1/2025 | Price change | $198,999-0.5%$199/sqft |
Source: MIBOR as distributed by MLS GRID #22013405 Report a problem | ||
| 2/23/2025 | Price change | $199,999-2.4%$200/sqft |
Source: MIBOR as distributed by MLS GRID #22013405 Report a problem | ||
| 2/10/2025 | Price change | $204,999-1.9%$205/sqft |
Source: MIBOR as distributed by MLS GRID #22013405 Report a problem | ||
| 1/29/2025 | Price change | $209,000-0.5%$209/sqft |
Source: MIBOR as distributed by MLS GRID #22013405 Report a problem | ||
| 12/16/2024 | Listed for sale | $210,000+68%$210/sqft |
Source: MIBOR as distributed by MLS GRID #22013405 Report a problem | ||
| 11/9/2020 | Sold | $125,000-3.8%$125/sqft |
Source: MIBOR as distributed by MLS GRID #21737889 Report a problem | ||
| 9/9/2020 | Pending sale | $130,000$130/sqft |
Source: RE/MAX Real Estate Solutions #21737889 Report a problem | ||
| 9/9/2020 | Listed for sale | $130,000$130/sqft |
Source: RE/MAX Real Estate Solutions #21737889 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,890 +11.4% | $170,400 -0.4% |
| 2024 | $1,697 +9.9% | $171,000 +10.8% |
| 2023 | $1,543 +23.7% | $154,400 +10.3% |
| 2022 | $1,247 +37.3% | $140,000 +24.4% |
| 2021 | $908 +10.4% | $112,500 +20.4% |
| 2020 | $823 +14.2% | $93,400 +13.6% |
| 2019 | $720 -34.3% | $82,200 +8.2% |
| 2018 | $1,097 +46.1% | $76,000 +0.5% |
| 2017 | $751 -0.1% | $75,600 +3.3% |
| 2016 | $751 +1.9% | $73,200 +2.8% |
| 2014 | $737 +14.1% | $71,200 +7.2% |
| 2013 | $646 | $66,400 +1.8% |
| 2012 | $646 | $65,200 +2.4% |
| 2011 | -- | $63,700 -1.5% |
| 2010 | $622 +20.9% | $64,700 +0.8% |
| 2009 | $515 | $64,200 -13.2% |
| 2007 | -- | $74,000 +6.9% |
| 2006 | -- | $69,200 +4.5% |
| 2005 | -- | $66,200 |
| 2004 | -- | $66,200 |
| 2003 | -- | $66,200 +73.3% |
| 2002 | -- | $38,200 +200.1% |
| 2001 | -- | $12,730 |
| 2000 | -- | $12,730 |
Find assessor info on the county website
Neighborhood: Mars Hill
Nearby schools
GreatSchools rating
- 2/10Liberty Early Elementary SchoolGrades: PK-6Distance: 1.1 mi
- 3/10Decatur Middle SchoolGrades: 7-8Distance: 1.8 mi
- 3/10Decatur Central High SchoolGrades: 9-12Distance: 1.7 mi
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Estimated market value
$196,500
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Estimated market value
$196,500
- Indiana
- Marion County
- Indianapolis
- 46221
- Mars Hill
- 4515 Rainbow Ct
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