For sale

Price cut: $9.1K (11/5)

$339,900

501 Shane Ln, Rainbow City, AL 35906

5beds

2,629sqft

$2,080/mo

Get pre-qualified

Single Family Residence

Built in 1973

0.29 Acres Lot

$335,600 Zestimate^®

$129/sqft

$-- HOA

What's special

Large above ground poolLarge islandBeautiful countertopsSpacious five bedroom homeBrick firepitPrivacy fence

This one won't last long! A very spacious five bedroom home in the heart of Rainbow City has the best of both worlds! A quiet neighborhood with a five minute drive to everything, shopping, schools, dining and interstate access! The home features two primary bedrooms one upstairs and one downstairs each complete with private baths. There's a welcoming living room and also a family room/den. The kitchen is the heart of the home, offering a large island, beautiful countertops, beautifully stained cabinets with lots of storage, large pantry for even more storage. The backyard is a vacation at home with a large above ground pool, nice deck with entry to the pool, brick firepit and privacy fence.

22 days
455
38

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1

Rooms

Room types: Master Bedroom, Living Room, Bedroom 2, Dining Room, Bedroom 3, Kitchen, Bedroom 4, Bathroom 2, Master Bathroom, Bath:EnsuiteFull, Bath:Guest1/2

Primary bedroom

Features: Ceiling Fan(s), Carpet
Level: First
Area: 252
Dimensions: 18 x 14

Bedroom 2

Features: Ceiling Fan(s)
Level: Second
Area: 121
Dimensions: 11 x 11

Bedroom 3

Features: Ceiling Fan(s)
Level: Second
Area: 154
Dimensions: 11 x 14

Bedroom 4

Level: Second
Area: 234
Dimensions: 18 x 13

Bedroom 5

Level: Second
Area: 169
Dimensions: 13 x 13

Primary bathroom

Level: First
Area: 45
Dimensions: 9 x 5

Bathroom 1

Level: First
Area: 45
Dimensions: 9 x 5

Bathroom 2

Level: First
Area: 25
Dimensions: 5 x 5

Bathroom 3

Level: Second
Area: 30
Dimensions: 6 x 5

Bathroom 4

Level: Second
Area: 45
Dimensions: 5 x 9

Dining room

Level: First
Area: 156
Dimensions: 12 x 13

Kitchen

Features: Kitchen Island, Pantry, Smooth Ceiling
Level: First
Area: 143
Dimensions: 11 x 13

Living room

Features: Crown Molding, Smooth Ceiling
Level: First
Area: 252
Dimensions: 14 x 18

Den

Level: First
Area: 240
Dimensions: 12 x 20

Heating

Central 1

Cooling

Central 1

Features

Basement: Crawl Space
Has fireplace: No
Fireplace features: None

Interior area

Total interior livable area: 2,629 sqft

Property

Parking

Parking features: Attached Carport

Features

Levels: Two
Stories: 2
Has private pool: Yes

Lot

Size: 0.29 Acres

Details

Parcel number: 1509312000011.000

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Condition

New construction: No
Year built: 1973

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Druid Park

HOA

Has HOA: No

Location

Region: Rainbow City

Financial & listing details

Price per square foot: $129/sqft
Tax assessed value: $248,200
Date on market: 10/23/2026

Estimated market value

$335,600

$319,000 - $352,000

$2,314/mo

Price history

Date	Event	Price
11/5/2026	Price change	$339,900-2.6%$129/sqft
Source: ValleyMLS #21932385 Report a problem
10/23/2026	Listed for sale	$349,000-5.7%$133/sqft
Source: ValleyMLS #21932385 Report a problem
3/11/2026	Listing removed	$370,000$141/sqft
Source: ValleyMLS #21898835 Report a problem
10/8/2025	Price change	$370,000-2.6%$141/sqft
Source: ValleyMLS #21898835 Report a problem
9/10/2025	Listed for sale	$379,900+52%$145/sqft
Source: ValleyMLS #21898835 Report a problem
6/8/2022	Sold	$250,000+2%$95/sqft
Source: GALMLS #1320734 Report a problem
5/27/2022	Contingent	$245,000$93/sqft
Source: GALMLS #1320734 Report a problem
5/26/2022	Listed for sale	$245,000$93/sqft
Source: GALMLS #1320734 Report a problem
5/26/2022	Contingent	$245,000$93/sqft
Source: GALMLS #1320734 Report a problem
5/19/2022	Listed for sale	$245,000+145%$93/sqft
Source: GALMLS #1320734 Report a problem
11/7/2006	Sold	$100,000$38/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$24,840
2024	--	$24,840 -5.9%
2023	--	$26,400 +21.7%
2022	$956 +43.6%	$21,700 +24.6%
2021	$665	$17,420
2020	$665	$17,420
2019	$665	$17,420 +13.9%
2017	$665 +15%	$15,300
2016	$578	$15,300
2015	$578	$15,300 +2.4%
2013	$578	$14,940 -2.2%
2012	--	$15,280
2011	--	$15,280
2010	--	$15,280
2008	--	--
2005	--	--
2004	--	--