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For sale
  • Price cut: $10K (10/12)
    $239,000

    700 S Rainbow St, Wasilla, AK 99623

    3beds
    1,541sqft
    : 
    $1,646/mo
    Get pre-qualified
    Single Family Residence
    Built in 1984
    0.64 Acres Lot
    $234,900 Zestimate®
    $155/sqft
    $-- HOA

    What's special

    Kitchen and dining roomShed for extra storageForced air heatingMove in readyRecently renovatedBonus parking spot available
    Recently renovated house for sale! Located by the Meadow Lakes USPS, and close to the Valley Mover & new Circle K. With a 3 Bears a half mile down the road. This house was originally built in 1984, and was recently completely renovated. The house is a real house on a real foundation, not manufactured! The house has a very big and spacious living room, kitchen and dining room, it's a ranch styledhouse for easy accessibility and living. The house 3 bedroom 1 bath and 1541 square footage. The house includes a well, a gas furnace, water heater and pump leach field septic tank, which means it's maintenance free with little to no pumping septic tank maintenance required, and a brand new septic pump. The furnace & the water heater were recently replaced in the renovation. And a new well was drilled 9 years ago! Forced air heating keeps this house warm in the winter with brand new insulation, including new insulation in the attic. It's very easy to keep the house warm so the monthly utility bill is quite cheap. It has a crawl space and an attic, for easy access under the house, or above for easy storage/maintenance. The house is move in ready and good to go, featuring all new cabinets just put in last December. Comes with a fridge, gas stove top/oven, new vented hood, dishwasher, and a brand new Samsung Smart stackable laundry machine set bought earlier this Summer. In the renovation in 2014-2016 brand new. bamboo flooring was istalled throughout the house giving a unique and warm feel. The sheet rock/insulation was completely replaced and the lighting and of the wiring was completely redone, including a new circuit breaker panel/circuit breakers. The road was recently paved as well providing easy and smooth transportation. The house sits on a .64 acres lot, located in between two beautiful ponds. It has a decent sized deck in the back yard. It also has shed for extra storage with a bonus parking spot available to the left of it. The driveway is spacious and composed of gravel and the yard is very big, there are no neighbors to the right as it's a corner house. The yard in the back extends well past the treeline towards the pond. It comes completely furnished with everything from the Airbnb, which has had nothing but 5 star reviews so far! It's only a 10-15 minute drive from downtown Wasilla so it's a short and easy commute.
    41 days
    968
    74

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Richard Davids,

    Sun Properties, LLC

    Source: AKMLS,MLS#: 26-12325MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Forced Air, Natural Gas
      Appliances
      • Laundry: Washer &/Or Dryer Hookup
      Features
      • BR/BA on Main Level, Soaking Tub, Solid Surface Counter, Storage
      • Flooring: Bamboo
      • Has basement: No
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total structure area: 1,541
      • Total interior livable area: 1,541 sqft

      Property

      Parking
      • Parking features: No Garage, No Carport
      Accessibility
      • Accessibility features: Handicap Accessible
      Features
      • Patio & porch: Deck/Patio
      • Exterior features: Private Yard
      • Has view: Yes
      • View description: Unobstructed
      • Waterfront features: Pond, Pond Access
      Lot
      • Size: 0.64 Acres
      • Features: Views
      • Topography: Sloping
      Details
      • Additional structures: Shed(s)
      • Parcel number: 6103B05L009
      • Zoning: UNK
      • Zoning description: Unknown (re: all MSB)

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Frame, Wood Frame - 2x4, Wood Frame - 2x6, Wood Siding
      • Foundation: Block, Post on Pad, Slab
      • Roof: Asphalt,Composition,Shingle
      Condition
      • New construction: No
      • Year built: 1984
      • Major remodel year: 2015

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Electric

      Community & HOA

      Location
      • Region: Wasilla

      Financial & listing details

      • Price per square foot: $155/sqft
      • Tax assessed value: $223,700
      • Annual tax amount: $3,024
      • Date on market: 9/24/2026
      • Road surface type: Dirt, Gravel

        Estimated market value

        $234,900

        $223,000 - $247,000

        $2,288/mo

        Price history

        DateEventPrice
        10/12/2026Price change$239,000-4%$155/sqft
        Source: AKMLS #26-12325 Report a problem
        9/24/2026Listed for sale$249,000+34.6%$162/sqft
        Source: AKMLS #26-12325 Report a problem
        10/20/2024Listing removed$185,000-21.2%$120/sqft
        Source: AKMLS #21-6311 Report a problem
        9/3/2024Price change$234,900-6%$152/sqft
        Source: AKMLS #24-3556 Report a problem
        8/5/2024Price change$249,900-3.8%$162/sqft
        Source: AKMLS #24-3556 Report a problem
        7/1/2024Price change$259,900-3.7%$169/sqft
        Source: AKMLS #24-3556 Report a problem
        6/1/2024Price change$269,900-1.1%$175/sqft
        Source: AKMLS #24-3556 Report a problem
        4/7/2024Listed for sale$272,900+47.5%$177/sqft
        Source: AKMLS #24-3556 Report a problem
        5/7/2021Listing removed--
        Source: AKMLS #21-6311 Report a problem
        5/3/2021Listed for sale$185,000-2.6%$120/sqft
        Source: AKMLS #21-6311 Report a problem
        1/27/2021Listing removed--
        Source: AKMLS #20-18081 Report a problem
        1/11/2021Price change$190,000+2.7%$123/sqft
        Source: AKMLS #20-18081 Report a problem
        12/28/2020Price change$185,000-5.1%$120/sqft
        Source: Jack White Real Estate Mat Su #20-18081 Report a problem
        12/17/2020Price change$195,000-2%$127/sqft
        Source: Jack White Real Estate Mat Su #20-18081 Report a problem
        12/9/2020Listed for sale$199,000$129/sqft
        Source: Jack White Real Estate Mat Su #20-18081 Report a problem
        4/22/2014Sold--
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,024 -20.4%$223,700 -18%
        2024$3,796 +692.6%$272,900 +679.7%
        2023$479 -6.5%$35,000
        2022$512 -8.8%$35,000
        2021$562 -2.8%$35,000
        2020$578 +2.2%$35,000 +2.9%
        2019$566 +0.5%$34,000
        2018$563 -75.8%$34,000
        2017$2,325 $34,000 +17.2%
        2016$2,325 $29,000
        2015$2,325 $29,000 -80.5%
        2014$2,325 $148,800 -0.7%
        2013-- $149,800 -0.2%
        2012-- $150,100 -4.2%
        2011-- $156,600 +8%
        2010-- $145,000 -6.9%
        2009-- $155,800 -2.3%
        2008-- $159,400
        2007-- $159,400
        2006-- --
        2005-- --
        2004-- --
        2003-- --
        2002-- --
        2001-- --
        2000-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: Meadow Lakes

        Getting around

        9 / 100
        Car-Dependent
        51 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Meadow Lakes
        • Middle: Houston
        • High: Houston

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

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