$209,500

7005 Rainbow Dr Louisville, KY 40272

$2,488
Closing credit¹
4 beds
1 full
1,440 sqft
0.2 acres
$145 / sqft
House

Property details

About 7005 Rainbow Dr

Come see this 4 bedroom home located in Valley Village today!! This home offers space galore and has been recently updated. Featuring 4 bedrooms and 1 full bathroom, eat-in kitchen, cozy living room area and a nice sized back deck for relaxing and entertaining!! Kitchen features plenty of cabinet space, a trendy backsplash and appliances will remain. The bathroom was recently updated with tile flooring as well. A security system that offers a smart eco friendly thermostat was installed in the home and this will transfer to new buyer. It's hard to find such a nice updated home with 4 bedrooms in this price range. Call today and let us lead you home

Highlights

Home typeSingle Family Residence
HeatingElectric, Forced Air
StatusActive
CoolingCentral Air
Size1,440 sqft
Lot size0.2 Acres
Year built1955
ParkingDriveway
MLS #1685523

Summary

  • Full Bathrooms: 1
  • Basement: No
  • Total Bedroom Count: 4
  • Attached Garage: No
  • Parking: Driveway
  • Architectural Style: Ranch
  • Heating: Electric, Forced Air
  • Cooling: Central Air
  • List Price: $209,500
  • Price/SqFt: $145
  • Annual Tax Amount: $1,832
  • Tax Year: 2023
  • Lot: Level
  • Directions: From I-265, take Dixie Hwy South Exit. Follow Dixie Hwy to right onto Watson Ln, left onto Beeston Blvd, right onto Rainbow Dr. Destination will be on the right.
  • Year Built: 1955
  • Stories: 1
  • Living Area: 1,440 SqFt
  • Lot Size: 0.2 Acres
  • MLS Number: 1685523
  • MLS Name: Metro Search (Greater Louisville Association of REALTORS®)
  • Office Name: DREAM J P Pirtle REALTORS

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, Inc. 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 © 2025 Metro Search, Inc. 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: 5/2/2025, 12:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of property featuring a front yard

$209,500

7005 Rainbow Dr

$2,488

closing credit¹

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Seller rebate

0.5% sale price²

Price information

Property sales

DateEventPrice
Jul 06, 2021
Home Sold
$153,000
Sep 12, 2007
Home Sold
$87,000

Tax history

YearAssessmentProperty Tax
2023$153,000$1,832
2022$153,000$1,839
2021$101,530$1,839
2020$101,530$1,314
2019$101,530$1,151
2018$84,230$883
2017$84,230$883

History based on county public records data.

Nearby schools

4

Medora Elementary School

Public District KG-5

2.7 mi

11801 Deering Rd

4

Nichols Elementary School

Public District PK-5

2.9 mi

10665 Highway 44 W

3

Dixie Elementary School

Public District KG-5

4.0 mi

10201 Casalanda Dr

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $37,188. Typical income of Louisville, KY residents is between $35k-100k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

How much money do the neighbors make?

48%
<35k
50%
35k-100k
3%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

36%
Single, No Kids
18%
Single, with Kids
27%
Married, No Kids
19%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

16%
<11 yrs old
9%
12-17 yrs old
23%
18-34 yrs old
39%
35-64 yrs old
13%
65+ yrs old

What do the neighbors do for fun?

  • Extreme SportsExtreme Sports
  • Figure SkatingFigure Skating
  • Pro WrestlingPro Wrestling

Where do the neighbors shop?

  • Academy Sports & OutdoorsAcademy Sports & Outdoors
  • KmartKmart
  • Wal-MartWal-Mart

Where do the neighbors go to eat?

  • Little CaesarsLittle Caesars
  • Bob EvansBob Evans
  • SonicSonic

What do the neighbors drive?

  • ChevroletChevrolet
  • BuickBuick
  • OldsmobileOldsmobile

What do the neighbors listen to?

  • CountryCountry
  • OldiesOldies
  • Contemporary InspirationalContemporary Inspirational
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Louisville, KY

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.

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.

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.

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.

About 7005 Rainbow Dr

The listing price of 7005 Rainbow Dr property is $209,500.

The property 7005 Rainbow Dr is a house located in Louisville, Kentucky, 40272.

Active Listing: 7005 Rainbow Dr is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 7005 Rainbow Dr are: Medora Elementary School (GreatSchools Rating 4/10), Nichols Elementary School (GreatSchools Rating 4/10), Dixie Elementary School (GreatSchools Rating 3/10), Stuart Middle School (GreatSchools Rating 2/10), Conway Middle School (GreatSchools Rating 1/10), Lassiter Middle School (GreatSchools Rating 2/10), Valley High School (GreatSchools Rating 1/10), South Central Jr & Sr High School (GreatSchools Rating 7/10), Pleasure Ridge Park High School (GreatSchools Rating 2/10).

According to the records, the last property tax for 2023 is $1,832 (source: MLS/based on county public records data).

The last sale was on July 6, 2021 for $153,000 (source: MLS/tax record).

The property at 7005 Rainbow Dr has 4 bedrooms and 1 bathroom.

The property 7005 Rainbow Dr is 1,440 SqFt (source: MLS/tax record).

The year of construction for 7005 Rainbow Dr is 1955.

This home is located at 7005 Rainbow Dr in Louisville, KY and zip code 40272. This 1,440 square foot home, which was built in 1955, sits on a 0.20 acre lot. Features: 4 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 28, 2025 and is currently priced at $209,500.

Over 235 listings were sold over their listed price in April 2025 in Louisville, KY. In the same period over 292 listings were sold below the listed price and 214 listings were sold for the listed price. The inventory of homes for sale in Louisville, KY between March and April 2025 increased by 10.5%. The median list price of listings available in April 2025 was $259,895, while the average time on the real estate market was 14 days.

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

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