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7200 Rainbow Dr, Louisville, KY, 40272

$149,000

Home List Price

$1,769*

Closing Credit

3 Bedrooms
1 Full Bath
1,038 SqFt
$144/SqFt
House

Location

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7200 Rainbow Dr, Louisville$149,000

Buyer Closing Credits

$1,769*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Parking1 Car Carport, Driveway
Year Built1955
HeatingNatural Gas
CoolingCentral Air
MLS #1666470
Lot Size0.27 Acres
StatusActive

About 7200 Rainbow Dr

Tenant occupied. Please do not bother tenant. Home features 3 bedrooms, 1 bathroom and is currently under lease until January. Home rents for $1250 with tenant paying all utility costs and yard maintenance. Updates including new room, newer windows, newer HVAC, new flooring and new lifetime warranty on the sewer line done by Overflow plumbing.

Property Details

Property Features

Property Information:

  • Year Built: 1955
  • Stories: 1
  • Living Area: 1,038 SqFt

Listing Office:

  • Office Name: Champion Properties

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: 1 Car Carport, Driveway

Lot Features

Lot Information:

  • Lot Size: 0.27 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Valley High School, Public District Grades 9-12
  • Brown School, Public District Grades KG-12
  • Frost Middle School, Public District Grades 6-8
  • Western Middle School, Public District Grades 6-8
  • Watson Lane Elementary School, Public District Grades PK-5
  • Lincoln Elementary Performing Arts, Public District Grades KG-5

Other

Directions Information:

  • Directions: Dixie Highway to Watson Lane left on Sandray, Left on Rainbow home on right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $149,000
  • Price Per SqFt: $144/SqFt

Tax Information:

  • Annual Amount: $970
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Louisville, KY.

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Louisville, KY

City

Med. Sold Price

$249.9K

Med. Price/SqFt

$183

Avg. Days On Market

40

# of Sold Homes

782

7200 Rainbow Dr vs Louisville

44 DAYS ON ROCKET

+4 Days

$149,000

-$100.9K Less

$144/SqFt

-$39 Less

KEY TAKEAWAY

This property is $100.9K less than the Median Sold Price and $39/SqFt less than other homes in Louisville, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Metro Search (Greater Louisville Association of REALTORS®)
  • MLS Number: #1666470

Listing Office:

  • Office Name: Champion Properties

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 9/7/2024, 7:20:54 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$970$83,850
2019$950$83,850
2018$279$19,700
2017$279$64,200

History based on county public records data.

Payment Calculator

$811

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$513

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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.

Elementary School

school-card-donut-1086049
1
/10

  • Watson Lane Elementary School

  • 7201 Watson Ln

  • 0.38 miles

  • Public District Grades PK-5

school-card-donut-1086050
4
/10

  • Lincoln Elementary Performing Arts

  • 930 E Main St

  • 16.32 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1086051
1
/10

  • Frost Middle School

  • 13700 Sandray Blvd

  • 0.27 miles

  • Public District Grades 6-8

school-card-donut-1086052
3
/10

  • Western Middle School

  • 2201 W Main St

  • 15.41 miles

  • Public District Grades 6-8

High School

school-card-donut-1086053
1
/10

  • Valley High School

  • 10200 Dixie Hwy

  • 3.97 miles

  • Public District Grades 9-12

school-card-donut-1086054
10
/10

  • Brown School

  • 546 S 1st St

  • 15.57 miles

  • Public District Grades KG-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,188. Most Louisville, KY residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Louisville, KY

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What are the common housing types in Louisville, KY?

Louisville offers a diverse array of housing options, with single-family homes making up a significant portion of the market. These homes showcase a mix of architectural styles, including Victorian, colonial, and contemporary designs. The city also provides a range of multi-family dwellings, such as apartments and condominiums, appealing to various lifestyle needs. The housing market is dynamic, with a healthy balance of historic homes and newer constructions.

What are the advantages of living in Louisville, KY?

Louisville is celebrated for its vibrant cultural scene and the famous Kentucky Derby, which reflects the city's rich equestrian heritage. The community prides itself on its expansive parks system and the annual festivals that bring residents together, showcasing the city's strong sense of community and tradition.

Are essential services in Louisville, KY convenient?

The city is served by a robust educational system, including numerous public and private schools that cater to a range of educational preferences. Louisville's healthcare network is comprehensive, with several hospitals and clinics providing specialized services to meet the community's needs. The public library system is well-established, offering resources and programs for all ages. Retail and dining options are plentiful, with an emphasis on local cuisine and unique shopping experiences.

How do Louisville, KY residents get around?

Louisville's transportation infrastructure includes an extensive network of roads and highways, facilitating easy travel and commuting within the city and to surrounding areas. Public transit options are available, providing residents with alternatives to private vehicle use. The city is also making strides in enhancing walkability and bikeability, particularly in the downtown area and other key neighborhoods.

Frequently Asked Questions About 7200 Rainbow Dr

What is the listing price of this property?

The listing price of 7200 Rainbow Dr property is $149,000.

What type of property is this?

The property 7200 Rainbow Dr is a house located in Louisville, Kentucky, 40272.

Is this property for sale now?

Active Listing: 7200 Rainbow Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 7200 Rainbow Dr are:
Watson Lane Elementary School: GreatSchools Rating 1/10
Lincoln Elementary Performing Arts: GreatSchools Rating 4/10
Frost Middle School: GreatSchools Rating 1/10
Western Middle School: GreatSchools Rating 3/10
Valley High School: GreatSchools Rating 1/10
Brown School: GreatSchools Rating 10/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $970 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 7200 Rainbow Dr has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 7200 Rainbow Dr is 1,038 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7200 Rainbow Dr is 1955.

Rocket Homes›Kentucky›Jefferson County›Louisville›40272›7200 Rainbow Dr

This home is located at 7200 Rainbow Dr in Louisville, KY and zip code 40272. This 1,038 square foot home, which was built in 1955, sits on a 0.27 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 25, 2024 and is currently priced at $149,000.

Louisville, KY housing market in August 2024 saw over 235 listings sold above listed price, more than 209 sold at listed price and over 338 sold below. The number of listings in Louisville, KY increased by 1.7% between July 2024 and August 2024. In August 2024, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $249,993.

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

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