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748 Rainbow Ln; Indianapolis, IN Property Details

748 Rainbow Ln, Indianapolis, IN is a Single Family that was built in 1970. This property is currently Financed and is not for sale. Our records show that 748 Rainbow Ln has 4 bedrooms, and 1 bathroom, and a total of 1,891 square feet. The lot size of 748 Rainbow Ln is 24,002 square feet.

Off market
748 Rainbow Ln Indianapolis, IN 46260
$306,100 Estimated Value
4 Beds
1 Baths
1,891 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Trust
  • Owner Status: Trust
  • Year Built: 1970
  • Purchase Price: $463,837
  • Open Loans / Balance: 2 / $495,194
  • Est. Equity / %: $-78,194 / -18.75%
  • Gross Yield: 9.807%
  • APN: 49-03-34-116-043.000-800
  • Situs County: Marion
  • Length Of Ownership: 2 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 9

Structure

  • Building Style: Masonry
  • Stories: 1
  • Building Condition: Average
  • Building Quality: A
  • Roof Cover Type: Asphalt
  • Sewer Type: None
  • Water Source: Yes

Measurements

  • Total: 1,891/SqFt
  • Lot: 24,002/SqFt
  • Gross: 2,535/SqFt
  • Garage: 644/SqFt
  • Living: 1,891/SqFt
  • Building: 2,535/SqFt
  • Ground: 1,891/SqFt
  • Price Per Square Foot: $245.29

Legal Description

  • Description: SPRING MILL ESTATES L34
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Washington Township Metropolitan School District
  • Lat / Lon: 39.876617 / -86.1724
  • Subdivision: Spring Mill Estates
  • Property Class: Residential
  • County Use Code: 510

Amenities

  • Plus Four: 4614
  • Bathroom Fixtures: 8
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Central
  • Parking: 2

HOA

  • H O A One: $50
  • H O A Amount: $50
  • H O A One Frequency: Annual
  • H O A One Type: Planned Unit Development

Ownership Info

748 Rainbow Ln has no associated ownership info
748 Rainbow Ln has no associated ownership info.

Taxes

748 Rainbow Ln has 10 associated Taxes items

748 Rainbow Ln, Indianapolis, IN pays taxes in Marion County, IN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $306,100. The APN we've located for 748 Rainbow Ln is 49-03-34-116-043.000-800.

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Taxes
  • Assessed Value:  $306,100
  • Assessed Year:  2025
  • Assessed County:  Marion
  • APN:  49-03-34-116-043.000-800
  • Assessed Land Value:  49300
  • Market Land Value:  49300
  • Tax Amount:  7304.16
  • Tax Year:  2025
  • Market Value:  306100
  • Market Year:  2025

Tax History

748 Rainbow Ln has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $306,100 Land Value $49,300 Improvement Value $256,800 Tax Amount $7,304.16 Change Rate +0.0378% Assessed CR Tax Rate +0.023862%
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $7,038.12 Change Rate +0.090191% Assessed CR Tax Rate
Year 2023 Assessed Value $248,700 Land Value $49,300 Improvement Value $199,400 Tax Amount $6,455.86 Change Rate +0.944642% Assessed CR Tax Rate +0.025958%
Year 2022 Assessed Value $248,700 Land Value $49,300 Improvement Value $199,400 Tax Amount $3,319.82 Change Rate +0.096881% Assessed CR Tax Rate +0.013349%
Year 2021 Assessed Value $220,000 Land Value $30,800 Improvement Value $189,200 Tax Amount $3,026.6 Change Rate +0.1036% Assessed CR Tax Rate +0.013757%
Year 2020 Assessed Value $220,500 Land Value $30,800 Improvement Value $189,700 Tax Amount $2,742.48 Change Rate +0.118147% Assessed CR Tax Rate +0.012438%
Year 2019 Assessed Value $210,200 Land Value $30,800 Improvement Value $179,400 Tax Amount $2,452.7 Change Rate +0.279581% Assessed CR Tax Rate +0.011668%
Year 2018 Assessed Value $167,900 Land Value $30,800 Improvement Value $137,100 Tax Amount $1,916.8 Change Rate +0.029077% Assessed CR Tax Rate +0.011416%
Year 2017 Assessed Value $166,200 Land Value $30,800 Improvement Value $135,400 Tax Amount $1,862.64 Change Rate +0.166045% Assessed CR Tax Rate +0.011207%
Year 2016 Assessed Value $163,700 Land Value $30,800 Improvement Value $132,900 Tax Amount $1,597.4 Change Rate +0.107875% Assessed CR Tax Rate +0.009758%
Year 2014 Assessed Value $161,500 Land Value $30,800 Improvement Value $130,700 Tax Amount $1,441.86 Change Rate +0.090567% Assessed CR Tax Rate +0.008928%
Year 2013 Assessed Value $146,200 Land Value $30,800 Improvement Value $115,400 Tax Amount $1,322.12 Change Rate Assessed CR Tax Rate +0.009043%