5 months on rocket

546 Rainbow Ln, Indianapolis, IN, 46260

$355,000

Home List Price

$4,216*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
1,862 SqFt
$191/SqFt
House

Location

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546 Rainbow Ln, Indianapolis$355,000

Buyer Closing Credits

$4,216*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1959
HeatingForced Air, Natural Gas
CoolingCentral Air
FireplaceFamily Room, Insert, Gas Log
MLS #21985519
Lot Size0.56 Acres
StatusActive

About 546 Rainbow Ln

Beautiful brick home in Spring Mill Estates. Kitchen remodeled with granite countertops and laminate flooring. The home features hardwood floors in bedrooms and bonus room. There are ceiling fans in bedrooms, kitchen, family room, bonus room, and enclosed patio. Bonus room can be used for office or exercise room. Roof replaced in last 5-6 yrs. Furnace updated in 2023. Owner loves to garden and entertain, so there are plants and flowers throughout front and fully fenced rear yard. Easy access to recreational facilities, shopping and schools.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch, TraditonalAmerican
  • Year Built: 1959
  • Living Area: 1,862 SqFt

Listing Office:

  • Office Name: Williams Realty & Mgmt
  • Office Email: arzellawms@gmail.com
  • Listing Agent: Arzella Williams

Interior Features

Interior Information:

  • Appliances: Dishwasher, Gas Water Heater, Range Hood
  • Basement: No
  • Interior: Entrance Foyer, Paddle Fan, Hardwood Floors, Eat-in Kitchen, Screens Complete, Storms Complete, Windows Vinyl
  • Fireplace: Family Room, Insert, Gas Log

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Sprinkler System

Lot Features

Lot Information:

  • Lot Size: 0.56 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $355,000
  • Price Per SqFt: $191/SqFt

HOA Fees:

  • Amount: $50
  • Frequency: Annually

Tax Information:

  • Annual Amount: $4,275
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Indianapolis, IN.

Med. Sold Price

$245.5K

Med. Price/SqFt

$139

Avg. Days On Market

31

# of Sold Homes

946

546 Rainbow Ln vs Indianapolis

154 DAYS ON ROCKET

+123 Days

$355,000

+$109.4K More

$191/SqFt

+$52 More

KEY TAKEAWAY

This property is $109.4K more than the Median Sold Price and $52/SqFt more than other homes in Indianapolis, IN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MIBOR
  • MLS Number: #21985519

Listing Office:

  • Office Name: Williams Realty & Mgmt
  • Office Email: arzellawms@gmail.com
  • Listing Agent: Arzella Williams

IDX Listings courtesy of Metropolitan Indianapolis Board of REALTORS® MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright ©2024 MIBOR REALTOR® Association. All rights reserved. Information is provided exclusively for consumers’ personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the Broker Listing Cooperative listing service. All information provided is deemed reliable but is not guaranteed and should be independently verified. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 10:46:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$4,275$191,700
2019$3,384$183,000
2018$1,566$142,000
2017$1,457$140,600

History based on county public records data.

Payment Calculator

$1,843

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,131

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1081373
3
/10
  • Fox Hill Elementary School

  • 802 Fox Hill Dr

  • 0.79 miles

  • Public District Grades KG-5

school-card-donut-1081374
4
/10
  • Willow Lake Elementary School

  • 7535 Harcourt Rd

  • 1.53 miles

  • Public District Grades KG-5

school-card-donut-1081375
4
/10
  • Crooked Creek Elementary School

  • 2150 Kessler Boulevard West Dr

  • 2.01 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,786. The most common annual income of people living in Indianapolis, IN is less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 546 Rainbow Ln

What is the listing price of this property?

The listing price of 546 Rainbow Ln property is $355,000.

What type of property is this?

The property 546 Rainbow Ln is a house located in Indianapolis, Indiana, 46260.

Is this property for sale now?

Active Listing: 546 Rainbow Ln is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,275 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 546 Rainbow Ln has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 546 Rainbow Ln is 1,862 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 546 Rainbow Ln is 1959.

Rocket HomesIndianaMarion CountyIndianapolis46260546 Rainbow Ln

This home is located at 546 Rainbow Ln in Indianapolis, IN and zip code 46260 in the Spring Mill Estates neighborhood. This 1,862 square foot home, which was built in 1959, sits on a 0.56 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 22, 2024 and is currently priced at $355,000.

While more than 170 listings in Indianapolis, IN in October 2024 were sold above asking price, there were more than 256 listings sold at asking price, and more than 519 were sold below. Between September 2024 and October 2024, Indianapolis, IN real estate market has seen increase in the number of listings by 3.7%. While the average time on the market in October 2024 was 31 days, the median list price was $245,515.

From Rocket Homes Real Estate and based on county public records data.

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