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Maricopa 85139
46123 W RAINBOW Drive
Photo of 46123 W RAINBOW Drive
Sold on May 20, 2026

19

Map

Photo of 46123 W RAINBOW Drive
Photo of 46123 W RAINBOW Drive
$275,000
● House - Off Market

46123 W RAINBOW Drive

Maricopa, AZ 85239
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,842 Ft²
$1,877
Est. Monthly
$240
HOA / Fees

About This Property

Welcome to 46123 W Rainbow Dr, a home that exudes charm and sophistication with a functional split floor plan. The kitchen is a chef's dream, boasting all stainless steel appliances and a functional kitchen island, perfect for meal prep or casual dining. The primary bathroom is a sanctuary, featuring a separate tub and shower for ultimate relaxation, and double sinks for convenience. Step outside to a covered patio, ideal for entertaining or simply enjoying a quiet evening. The fenced-in backyard provides privacy and space for outdoor activities. The home has new carpet and fresh interior paint giving the home a clean, updated look. This property is a perfect blend of style and comfort, waiting for you to make it your own.Included 100-Day Home Warranty with buyer activation
Unit Size
1,842 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$163
Property Type
House
Property Taxes
$164
HOA Dues
$240
Year Built
2006

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 6 months ago (ARMLS #6969539)

Price History

Date / Event Date Event Price
May 20, 2026 Sold
Premium
Sold
May 15, 2026 Price Decreased $300,000
↓ $13K (4.2%)
Price Decreased
Jan 29, 2026 Price Decreased $313,000
↓ $7K (2.2%)
Price Decreased
Jan 16, 2026 Listed by Opendoor Brokerage, LLC $320,000
Listed by Opendoor Brokerage, LLC
Sep 29, 2020 Sold
Premium
Sold
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 15
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 4
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 500
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 25
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,534
  • Total Building Area: 2,286
  • Gross Building Area: 2,286
  • Building Area: 1,786
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,786
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARICOPA MEADOW
  • Land Acres: 0000000150
  • Standard Land Use Code: 1001
  • County Land Use Code: 0131
  • State Land Use Code: 0131
  • Legal Description 1: MARICOPA MEADOWS PARCEL 10 LOT 72 SEC 28-4S-3E 6325 SQ FT 0.15 AC CAB E SLIDE 83

Neighborhood

  • School District Name: Maricopa Unified School District
  • Census Tract: 001704

Geography

  • Assessors Map Reference: 2804S03E
  • Parcel: 512-34-7230
  • Lot: 72
  • Meridian: SEC 28 TWN 04S RNG 03E
  • Latitude: 33.0445
  • Longitude: -112.063

    Address

  • Full Address: 46123 W Rainbow Dr
  • Address - House Number: 46123
  • Street Direction: W
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Maricopa
  • Carrier Code: R018
  • 4-Digit Zip Code: 6950
  • Zip Code: 85139

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $184,884
  • Tax Rate Code Area: 2027

    Appraisal Valuation

  • Standard Deviation: 0.0691
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 96
  • Final Value: 377,749
  • High Value: 403,869
  • Low Value: 351,628

    Market Valuation

  • Market Total Value: $244,490
  • Market Land Value: $65,340
  • Market Improvement Value: $179,150

    Assessments Valuation

  • Assessed Year: 2025
  • Assessed Total Value: $24,449

    Sales

  • Current Sale Contract Date: Sep 17, 2020
  • Current Sale Recording Date: Sep 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 98358
  • Previous Sale Recording Date: Feb 28, 2017
  • Previous Sale Contract Date: Jan 24, 2017
  • Previous Sale Amount: $167,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Maricopa

Stats & Trends

Median Asking:

$349,000

Sale Price/ft²

$182

Below Asking

0.02%

Average Days on Market

89

Average Home Size

2036 ft²

Average Home Age

11.4 years

Currently For Sale

592 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 43205 W Jeremy Street, Maricopa, AZ, 85138

$1,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,699 ft²
43205 W Jeremy Street, Maricopa, AZ, 85138 Listing by Dean Martini
Unit for rent at 43845 W Arizona Avenue, Maricopa, AZ, 85138

$1,700 /mo

  • 3 Beds
  • 2 Baths
  • 1,509 ft²
43845 W Arizona Avenue, Maricopa, AZ, 85138 Listing by Randi M Weiss Harris
Unit for rent at 45209 W Miraflores Street, Maricopa, AZ, 85139

$1,559 /mo

  • 3 Beds
  • 2 Baths
  • 1,654 ft²
45209 W Miraflores Street, Maricopa, AZ, 85139 Listing by Candace C Velazco

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Tara Jones, Opendoor Brokerage, LLC
Last Updated: 6 months ago
Data Source: ARMLS, MLS# 6969539
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 46123 West Rainbow Drive built and last sold?
The property at 46123 West Rainbow Drive was built in 2006 and last sold on Sep 17, 2020 for $241,000.
How much is this home worth?
The estimated value of the home located at 46123 West Rainbow Drive is $0.
What are some comparable homes to 46123 West Rainbow Drive?
There are currently no comparable homes to 46123 West Rainbow Drive.
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