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  • Price Unknown

    468 Rainbow Ct, Homer, AK 99603

    3beds
    2,280sqft
    Single Family Residence
    Built in 1979
    0.48 Acres Lot
    $413,600 Zestimate®
    $--/sqft
    $2,661 Estimated rent

    Home value

    $413,600

    $314,000 - $542,000

    $2,661/mo

    Zestimate® history
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    What's special

    Ample space for gardeningHigh ceilingsExpansive deckSoutherly facing windowsHuge basement
    Beautiful 2280 sq. ft 3edroom, 2-bath home plus office, views!, high ceilings,southerly facing windows, almost 1/2 acr in town lot, newly painted . Includes 485 sq. ft. rental, currently rented for $1,200 p.m. Large intown lot, B&B potential. 2 bonus rooms in addition to the 3 bdrms. Legacy Inspection Report upon request.Step outside onto the expansive deck, perfect for relaxing, dining, or enjoying the serene surroundings. The huge basement provides endless possibilities whether you need extra storage, a home gym, or potential for additional living space.Two levels make it perfect to BnB one level and live on the second. Outside, the generous lot offers ample space for gardening, play, or future expansion. The rental cabin adds incredible value, whether as a steady income stream or a private guest retreat. Currently $1200 p.mo. month to month tenancy. The cabin used to be a shop and barely used, and then the mom needed to be close by so it was turned into the cabin. The renovations were done for older people, the doors are all wheelchair width, and obviousely a ramp can be built to access the front door. There are handles in the bathroom for everything and other features that the big house does not have. Plus it has sprayed foam insulation, plus the Toyo heater, so its pretty darn cozy. A professional contractor built this cabin and was a stickler for detail. Don't miss this incredible opportunity to own a home with rental income in the 485 sq ft home currently rented on a month-to-month basis. Located in one of the most convenient locations in town, yet a nice quiet side street. Walk to stores in under 10 minutes.

    Zillow last checked:

    Listing updated:

    Listed by:

    Marjolein Cardon,

    Homer Real Estate,

    Margaux Sheppard,

    Homer Real Estate

    Bought with:

    Max J Lowe

    Homer Real Estate

    Source: AKMLS,MLS#: 25-2486MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Oil, Wood Stove
    Features
    • BR/BA on Main Level, BR/BA Primary on Main Level
    • Has basement: No
    • Has fireplace: Yes
    • Fireplace features: Wood Burning Stove
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 2,280
    • Total interior livable area: 2,280 sqft

    Property

    Parking
    • Parking features: No Garage, No Carport
    Features
    • Levels: Two
    • Stories: 2
    • Waterfront features: None, No Access
    Lot
    • Size: 0.48 Acres
    • Topography: Level
    Details
    • Parcel number: 17704023
    • Zoning: RR
    • Zoning description: Rural Residential

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Wood Frame - 2x6, Wood Siding
    • Foundation: Concrete Perimeter
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1979

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Location
    • Region: Homer

    Financial & listing details

    • Tax assessed value: $441,900
    • Annual tax amount: $4,335
    • Date on market: 3/11/2025

    Price history

    DateEventPrice
    10/21/2025Sold--
    Source: AKMLS #25-2486 Report a problem
    9/30/2025Pending sale$425,000$186/sqft
    Source: AKMLS #25-2486 Report a problem
    7/25/2025Price change$425,000-5.6%$186/sqft
    Source: AKMLS #25-2486 Report a problem
    6/29/2025Price change$450,000-5.3%$197/sqft
    Source: AKMLS #25-2486 Report a problem
    6/5/2025Price change$475,000-4.8%$208/sqft
    Source: AKMLS #25-2486 Report a problem
    5/3/2025Price change$499,000-5%$219/sqft
    Source: AKMLS #25-2486 Report a problem
    4/1/2025Price change$525,000-8.7%$230/sqft
    Source: AKMLS #25-2486 Report a problem
    3/20/2025Listed for sale$575,000+42%$252/sqft
    Source: AKMLS #25-2486 Report a problem
    11/4/2020Listing removed$405,000$178/sqft
    Source: Kachemak Group Real Estate #20-16469 Report a problem
    10/25/2020Listed for sale$405,000$178/sqft
    Source: Kachemak Group Real Estate #20-16469 Report a problem
    5/23/1997Sold--
    Source: AKMLS #97-400137 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,335 +204.5%$441,900 +7.8%
    2024$1,424 -57.8%$409,800 +18.4%
    2023$3,370 -9.3%$346,200 +4.8%
    2022$3,715 +0.3%$330,500 +2.1%
    2021$3,702 +2.5%$323,600 +2.5%
    2020$3,610 $315,600 +2.7%
    2019$3,610 +2.2%$307,200 +3.5%
    2018$3,533 +3.5%$296,900 +3.8%
    2017$3,414 +38.3%$286,100 +14.5%
    2016$2,469 $249,800 +11.2%
    2015$2,469 $224,600 -0.6%
    2014$2,469 $226,000 +1.3%
    2013-- $223,000 -5.6%
    2012-- $236,300 +8.1%
    2011-- $218,500 -1.1%
    2010-- $221,000 -0.4%
    2009-- $221,800 -2.8%
    2008-- $228,300 +8.5%
    2007-- $210,500 +5.3%
    2006-- $199,900 +16.1%
    2005-- $172,200
    2004-- --
    2003-- --
    2002-- --
    2001-- --
    2000-- --
    Find assessor info on the county website

    Neighborhood: 99603

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Paul Banks/Homer
    • Middle: Homer
    • High: Homer

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