See Home Value
$371,861*
House - Off Market

801 Rainbow Lane

Indianapolis, IN 46260
bedrooms
3 Beds
bathrooms
2.5 Baths, 1 Half Bath
square feet
1982 Sqft
$333,000 - $405,000
Reference Base Price*
0.78%
Since Jun 1, 2023
National-US
Primary Model
Sold May 08, 2023
$497,420
$374,000 by First Financial Bank
Mortgage Due May 01, 2053
Sold Mar 08, 2022
$195,000
$262,500 by Trident Realty Investments Llc
Mortgage Due Oct 01, 2022

About This Property

Complete remodel of tri-level home in sought after Spring Mill Estates neighborhood! Over 1900 SF sitting on a beautiful corner lot w/almost 3/4's of an acre.  Every room has been brought to life with amazing updates.  New roof, HVAC, water heater. Beautiful Chefs kitchen surrounded by stunning cabinetry with under lighting, granite counter tops and updated fixtures. Sit in front of your cozy woodburning fireplace while looking out at your tranquil private backyard which is ideal for family time or entertaining. Bathrooms have custom tiled showers. All new interior and exterior paint. Come see all of this for yourself, and so much more!

The manager has listed the unit size as 1982 square feet.
Unit Size
1,982Ft²
Days on Market
-
Land Size
0.68 acres
Price per sqft
$186
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1982

Price History

Date / Event Date Event Price
May 10, 2023 No longer available -
No longer available
May 8, 2023 Sold to Christopher Cailean Shrack... $497,420
Sold to Christopher Cailean Shrack...
Mar 22, 2023 In contract -
In contract
Mar 16, 2023 Listed $369,000
Listed
Dec 5, 2022 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Brick
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 506
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 29,621
  • Lot Size Depth Feet: 1,900
  • Lot Size Frontage Feet: 1,560
  • Total Building Area: 2,394
  • Gross Building Area: 2,394
  • Building Area: 1,888
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,888
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SPRING MILL ESTATES
  • Land Acres: 0.68
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: SPRING MILL ESTATES L26

Ownership

  • Current Owner : SHRACK CHRISTOPHER CAILEAN
  • Current Owner 2: SHRACK KARA
  • Previous Owner : RICE FAMILY PROPERTY GROUP LLC
  • Owner Before Previous Owner: WAFFORD NICOLE L
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Washington Township Metropolitan School District
  • Census Tract: 320901

Geography

  • Assessors Map Reference: 2119-B2
  • District: 0008
  • Section: 340
  • Parcel: 49-03-34-116-022.000-800
  • Lot: 26
  • Municipality: WASHINGTON TOWNSHIP
  • Latitude: 39.8759
  • Longitude: -86.1728

    Address

  • Full Address: 801 Rainbow Ln
  • Address - House Number: 801
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Ln
  • State: IN
  • City Name: Indianapolis
  • Carrier Code: C037
  • 4-Digit Zip Code: 4615
  • Zip Code: 46260

Valuation

    Tax

  • Total Area: 1,924
  • Tax Year: 2022
  • Tax Amount: $3,501
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 800

    Appraisal Valuation

  • Standard Deviation: 0.1635
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 79
  • Final Value: 402,079
  • High Value: 467,850
  • Low Value: 336,308

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $374,000
  • First Open Lien Mortgage Lender: FIRST FINANCIAL BANK
  • First Open Lien Mortgage Recording Date: May 08, 2023
  • First Open Lien Mortgage Loan Amount: $374,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2053

    Market Valuation

  • Market Total Value: $305,400
  • Market Land Value: $56,100
  • Market Improvement Value: $249,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $305,400
  • Assessed Land Value: $56,100
  • Assessed Improvements Value: $249,300

    Sales

  • Current Sale Contract Date: May 01, 2023
  • Current Sale Recording Date: May 08, 2023
  • Current Sale Transaction ID: 11906465752
  • Current Sale Price: $497,420
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 36230
  • Previous Sale Recording Date: Mar 08, 2022
  • Previous Sale Contract Date: Mar 03, 2022
  • Previous Sale Amount: $195,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST FINANCIAL BANK
  • First Mortgage Transaction Date: May 08, 2023
  • First Mortgage Loan Amount: $374,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: TRIDENT REALTY INVESTMENTS LLC
  • Previous Mortgage Transaction Date: Mar 08, 2022
  • Previous Mortgage Loan Amount: $262,500
  • Previous Mortgage Term: 6
  • Previous Mortgage Loan Type: Building or Construction Loan
  • Previous Mortgage Loan Due Date: Oct 01, 2022



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,890 ft²
$190/ft²
$360,000 Sep 9, 2022
-
$175/mo
House
3 Beds
2.5 Baths
1,686 ft²
$207/ft²
$349,000 Dec 16, 2022
-
$208/mo
House
2 Beds
2 Baths
2,177 ft²
$161/ft²
$349,900 Sep 2, 2022
-
$175/mo
Townhouse
3 Beds
2 Baths
1,802 ft²
$200/ft²
$360,000 Sep 23, 2022
-
-
House
4 Beds
2.5 Baths
2,506 ft²
$144/ft²
$360,000 Mar 15, 2023
-
-

About Delaware Trail


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Frequently Asked Questions

When was property at 801 Rainbow Lane built and last sold?
The property at 801 Rainbow Lane was built in 1982 and last sold on May 1, 2023 for $497,420.
How much is this home worth?
The estimated value of the home located at 801 Rainbow Lane is $362,826.
What are some comparable homes to 801 Rainbow Lane?
Homes that are comparable to 801 Rainbow Lane include a townhouse property at 6375 Stallion Way, a house property at 450 West 65th Street, 6373 Stallion Way.

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