Lakefront. Peaceful. Private. This pristine open-concept ranch is located on Rainbow Lake on approx. .65 acres! Featuring 4 beds + 1 bonus room, 3.5 baths, & over 2,300 sq. ft. Remodeled kitchen and master bath! Spacious master bedroom. Sunroom. Finished basement with huge family room. Lake access from private beach! Beautifully landscaped. Heated 3 car garage. Come enjoy life on the lake!
Sold for $545,000 on 07/28/23
$545,000
1506 Rainbow Rd, Grand Island, NE 68801
4beds
2,328sqft
Single Family Residence
Built in 1999
0.65 Acres Lot
$609,200 Zestimate®
$234/sqft
$2,513 Estimated rent
Home value
$609,200
$567,000 - $658,000
$2,513/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: March 20, 2025 at 08:23pm
Listed by:
Jasey Klein,
Keller Williams Heartland
Bought with:
Megan Goplin, 20200088
Keller Williams Heartland
Source: Grand Island BOR,MLS#: 20230580
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
- Main level bathrooms: 3
- Main level bedrooms: 4
Primary bedroom
- Level: Main
- Area: 221.26
- Dimensions: 14.92 x 14.83
Bedroom 2
- Level: Main
- Area: 144.19
- Dimensions: 14.92 x 9.67
Bedroom 3
- Level: Main
- Area: 110.63
- Dimensions: 11.25 x 9.83
Bedroom 4
- Level: Main
Dining room
- Features: Wood
- Level: Main
Family room
- Features: Carpet
- Level: Basement
- Area: 766.18
- Dimensions: 49.17 x 15.58
Kitchen
- Features: Electric Range, Dishwasher, Garbage Disposal, Refrigerator, Microwave, Tile
- Level: Main
- Area: 172.33
- Dimensions: 15.67 x 11
Living room
- Features: Fireplace, Wood
- Level: Main
- Area: 724.5
- Dimensions: 34.5 x 21
Heating
- Gas Forced Air
Cooling
- Central Air
Appliances
- Included: Electric Range, Dishwasher, Disposal, Refrigerator, Microwave, Gas Water Heater, Water Softener Owned
- Laundry: Main Level
Features
- Walk-In Closet(s), Master Bath, Sunroom
- Flooring: Wood, Carpet, Tile
- Doors: Storm Door(s)
- Windows: Drapes, Blinds
- Basement: Full,Finished
- Number of fireplaces: 1
- Fireplace features: One, Gas, Living Room
Interior area
- Total structure area: 4,656
- Total interior livable area: 2,328 sqft
- Finished area above ground: 2,328
- Finished area below ground: 2,090
Property
Parking
- Total spaces: 3
- Parking features: 3 Car, Attached, Garage Door Opener
- Attached garage spaces: 3
Features
- Patio & porch: Covered Patio
- Exterior features: Rain Gutters
Lot
- Size: 0.65 Acres
- Features: Automatic Sprinkler, Established Yard
Details
- Parcel number: 400354780
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Frame, Brick
- Roof: Composition
Condition
- Year built: 1999
Utilities & green energy
- Water: Well
- Utilities for property: Sewer Connected, Natural Gas Connected, Electricity Connected
Community & neighborhood
Location
- Region: Grand Island
- Subdivision: Rainbow Lake Second
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $8 monthly
Other
Other facts
- Listing terms: Preapproval letter of Proof of Funds required with offer.
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2023 | Sold | $545,000$234/sqft |
Source:  Grand Island BOR #20230580 | ||
| 6/25/2023 | Pending sale | $545,000$234/sqft |
Source: Grand Island BOR #20230580 | ||
| 6/19/2023 | Listed for sale | $545,000$234/sqft |
Source: Grand Island BOR #20230580 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $6,721 -22.4% | $485,615 -1.8% |
| 2023 | $8,657 +30.5% | $494,631 +43.8% |
| 2022 | $6,636 -1.3% | $343,875 |
Find assessor info on the county website
Neighborhood: 68801
Nearby schools
GreatSchools rating
- 7/10Cedar Hollow SchoolGrades: PK-8Distance: 3.9 mi
- 7/10Northwest High SchoolGrades: 9-12Distance: 5.5 mi
Schools provided by the listing agent
- Elementary: Stolley Park
- Middle: Barr Middle School
- High: Grand Island Senior High
Source: Grand Island BOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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