Sold308d on market
4515 Rainbow Ct
Indianapolis, IN, 46221 • Mars Hill • Marion County
$194,000
$194/sqft
3Beds
1Baths
999Sqft
0.24 acLot
1970Built
Property DNA
Ranch Style
Built 1970 · 56 years of history
Clover Leaf Village
Mars Hill
1-Car Garage
Attached
Market activity
Demand and pricing signals for this listing
20 views
People checking out this listing
308 days on market
Established listing
$194/sqft
Price per square foot
About this home
Single Family · Built 1970
This ranch home would be perfect for a family just getting started or the empty nester! Located on a cul-de-sac. This 3-bedroom home features an extremely spacious backyard and a huge patio area. Inside, the eat-in kitchen is bright and welcoming, and just off of it is the laundry room and back entry. The one car garage is extra deep to provide storage space for tools or out-of-season holiday decorations! It could possibly allow for two small cars. Don't miss this hidden gem!!
Standout features identified
Our analysis highlights huge patio area, eat-in kitchen, and extremely spacious backyard as key attractions of this home.
Estimated monthly payment
Based on current rates
$1,273/month
Principal & Interest$1,015
Property Tax$194
Insurance$65
Down payment20% ($38,800)
3%50%
Est. 6.83% rate · 30yr fixed · $155,200 loan
Full calculator →At a glance
Key facts and listing details
TypeResidential, Single Family Residence
Year Built1970
HeatingForced Air, Natural Gas
Parking1 Attached Garage space
Lot10,454 sqft
Property
Home typeSingle Family
Sub-typeResidential, Single Family Residence
StyleRanch
Year built1970
Stories1
Systems
HeatingForced Air, Natural Gas
ConstructionAluminum Siding, Brick
Water / SewerMunicipal/City
Parking & Outdoor
ParkingAttached
Garage1 spaces
Lot10,454 sqft
Location & Tax
NeighborhoodMars Hill
Annual tax$1,696
Parcel491131100018000200
Bathrooms & Fees
Full baths1
Features & details
6 categories of property features
Interior Features
Interior
Attic Pull Down Stairs
Pantry
Appliances
Gas Oven
Range Hood
Refrigerator
Heating
Forced Air
Natural Gas
Laundry
Laundry Room
Exterior Features
Parking
Attached
Construction
Aluminum Siding
Brick
Room details
6 rooms detailed
Master Bedroom
Main11×11 ft121 sqft
Carpet
Bedroom2
Main11×7 ft77 sqft
Carpet
Bedroom3
Main10×8 ft80 sqft
Carpet
Kitchen
Main16.2×13.2 ft213.84 sqft
Luxury Vinyl Plank
Laundry
Main4×8 ft32 sqft
Vinyl Plank
Living Room
Main14.8×11.6 ft171.68 sqft
Carpet
Listing insights
Market data and value estimates
StatusSold
Days on market308
Est. value$198,600
Est. rent$1,418/mo
Tax rate0.96%
Price/sqft$194
On marketDec 16, 2024
PostedDec 16, 2024
Last sold$194,000
MLS statusSold
MLS updatedJun 5, 2025
Tour days6
Views20
How are the schools in Indianapolis?
3 schools rated nearby
Location
Indianapolis, IN, 46221
Price history
10 events
DateEventPrice$/sqftSource
Jun 4, 2025Sold$194,000$194MIBOR as distributed by MLS GRID
May 7, 2025Pending Sale$198,999$199MIBOR as distributed by MLS GRID
Apr 1, 2025Price Change$198,999$199MIBOR as distributed by MLS GRID
Feb 23, 2025Price Change$199,999$200MIBOR as distributed by MLS GRID
Feb 10, 2025Price Change$204,999$205MIBOR as distributed by MLS GRID
Jan 29, 2025Price Change$209,000$209MIBOR as distributed by MLS GRID
Dec 16, 2024Listed For Sale$210,000$210MIBOR as distributed by MLS GRID
Nov 9, 2020Sold$125,000$125MIBOR as distributed by MLS GRID
Sep 9, 2020Pending Sale$130,000$130RE/MAX Real Estate Solutions
Sep 9, 2020Listed For Sale$130,000$130RE/MAX Real Estate Solutions
Sold$194,000
Jun 4, 2025•$194/sqft•MIBOR as distributed by MLS GRID
Pending Sale$198,999
May 7, 2025•$199/sqft•MIBOR as distributed by MLS GRID
Price Change$198,999
Apr 1, 2025•$199/sqft•MIBOR as distributed by MLS GRID
Price Change$199,999
Feb 23, 2025•$200/sqft•MIBOR as distributed by MLS GRID
Price Change$204,999
Feb 10, 2025•$205/sqft•MIBOR as distributed by MLS GRID
Price Change$209,000
Jan 29, 2025•$209/sqft•MIBOR as distributed by MLS GRID
Listed For Sale$210,000
Dec 16, 2024•$210/sqft•MIBOR as distributed by MLS GRID
Sold$125,000
Nov 9, 2020•$125/sqft•MIBOR as distributed by MLS GRID
Pending Sale$130,000
Sep 9, 2020•$130/sqft•RE/MAX Real Estate Solutions
Listed For Sale$130,000
Sep 9, 2020•$130/sqft•RE/MAX Real Estate Solutions
Tax history
23 years of records
YearTax paidAssessed value
Apr 9, 2024$1,697$171,000
Apr 9, 2023$1,543$154,400
Apr 9, 2022$1,247$140,000
Apr 9, 2021$908$112,500
Apr 9, 2020$823$93,400
Apr 9, 2019$720$82,200
Apr 9, 2018$1,097$76,000
Apr 9, 2017$751$75,600
Apr 9, 2016$751$73,200
Apr 9, 2014$737$71,200
Apr 9, 2013$646$66,400
Apr 9, 2012$646$65,200
Apr 9, 2011—$63,700
Apr 9, 2010$622$64,700
Apr 9, 2009$515$64,200
Apr 9, 2007—$74,000
Apr 9, 2006—$69,200
Apr 9, 2005—$66,200
Apr 9, 2004—$66,200
Apr 9, 2003—$66,200
Apr 9, 2002—$38,200
Apr 9, 2001—$12,730
Apr 9, 2000—$12,730
Nearby homes
Neighborhood details
Local context around this listing
Indianapolis, IN • Marion County
Nearby neighborhoods
Chapel Hill-Ben DavisDowntownEagledaleEast WarrenFar EastsideGarden CityNear EastsideSnacks-Guion CreekSouth FranklinSouth Perry
Nearby cities
Beech GroveCumberlandIndianapolisLawrenceSouthportSpeedway
Nearby zip codes
46203462174621946220462224622446226462274623746254
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Based on information submitted to the MLS GRID as of 2026-04-09 11:22:56 PDT. 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. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
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