501 Shane Ln
Rainbow City, AL 35906
5 bd 4 ba 2,629 sqft Built 1973 Lot 12,632 sqft single_family
Most recent sale
$250,000
Jun 8, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 8, 2025 | Price changed | $370,000 | ValleyMLS |
| Sep 10, 2025 | Listed | $379,900 | ValleyMLS |
| Jun 8, 2022 | Sold | $250,000 | MLS #1320734 |
| May 18, 2022 | Listed | $245,000 | MLS #1320734 |
| Nov 7, 2006 | Sold | $100,000 | Public Record |
| Jan 1, 2006 | Sold | $100,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2020 | — | — | $17,420 | $665 |
| 2019 | — | — | $17,420 | $665 |
| 2018 | — | — | $17,420 | $665 |
| 2017 | — | — | $15,300 | $578 |
| 2016 | — | — | $15,300 | $578 |
| 2014 | — | — | $15,300 | $578 |
| 2013 | — | — | $14,940 | $489 |
| 2012 | — | — | $15,280 | $501 |
| 2010 | — | — | $15,280 | $501 |
| 2007 | — | — | $13,260 | $428 |
Property facts
Year built
1973
Property type
single_family
Stories
2
Beds
5
Baths
4
Living area
2,629 sqft
Lot size
12,632 sqft
ZIP code
35906
City
Rainbow City
Street
Shane Ln
Coordinates
33.95252, -86.05481
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,500
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 501 Shane Ln last sell?
501 Shane Ln most recently sold on Jun 8, 2022 for $250,000.
What is the current tax assessment for 501 Shane Ln?
The most recent total assessment for 501 Shane Ln (year 2020) is $17,420 with $665 in property tax.
How does 501 Shane Ln's assessment compare to its last sale price?
The current assessment is 93.0% below the last sale price of $250,000.
When was 501 Shane Ln built?
501 Shane Ln was built in 1973.
How does 501 Shane Ln compare to others on Shane Ln?
We do not currently track other properties on Shane Ln.
What are the property facts for 501 Shane Ln?
501 Shane Ln is a 5 bed, 4 bath, 2,629 sqft, 12,632 sqft lot single_family.
Is 501 Shane Ln a flip candidate?
No — 501 Shane Ln does not appear in our flips dataset.
Is 501 Shane Ln a tax-appeal candidate?
No — 501 Shane Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
0.0%
Implied 1-yr
0.0%
2026 Q1
$216.1K
2026 Q2
$216K
ZIP 35906 — Median Price History + Forecast
Explore nearby
Geography