2509 Rainbow Dr
Lafayette, IN 47904
4 bd 3 ba 2,968 sqft Built 1980 Lot 17,860 sqft single_family
Most recent sale
$465,000
Feb 22, 2023
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Feb 22, 2023 | Sold | $465,000 | IRMLS |
| Jan 23, 2023 | Price changed | $479,000 | IRMLS |
| Dec 6, 2022 | Price changed | $489,000 | IRMLS |
| Oct 18, 2022 | Price changed | $499,000 | IRMLS |
| Oct 5, 2022 | Listed | $515,000 | IRMLS |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $416,800 | $41,400 | $458,200 | $4,582 |
| 2022 | $320,000 | $41,400 | $361,400 | $3,651 |
| 2021 | $293,200 | $41,400 | $334,600 | $3,385 |
| 2020 | $268,600 | $41,400 | $310,000 | $3,139 |
| 2019 | $259,600 | $32,000 | $291,600 | $2,955 |
| 2018 | $248,400 | $32,000 | $280,400 | $2,843 |
| 2017 | $245,200 | $32,000 | $277,200 | $2,799 |
| 2016 | $237,400 | $32,000 | $269,400 | $2,812 |
| 2015 | $225,700 | $32,000 | $257,700 | $2,729 |
| 2013 | $216,800 | $32,000 | $248,800 | $3,358 |
| 2012 | $229,300 | $32,000 | $261,300 | $2,649 |
| 2011 | $239,800 | $32,000 | $271,800 | $3,025 |
| 2010 | $239,800 | $32,000 | $271,800 | $2,717 |
| 2007 | $244,500 | $32,000 | $276,500 | $3,649 |
Property facts
Year built
1980
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,968 sqft
Lot size
17,860 sqft
ZIP code
47904
City
Lafayette
Street
Rainbow Dr
Coordinates
40.42821, -86.86790
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$4,452
Gross rental yield
11.49%
Implied cap rate
7.47%
Trend-extrapolated value
—
Frequently asked questions
When did 2509 Rainbow Dr last sell?
2509 Rainbow Dr most recently sold on Feb 22, 2023 for $465,000.
What is the current tax assessment for 2509 Rainbow Dr?
The most recent total assessment for 2509 Rainbow Dr (year 2024) is $458,200 with $4,582 in property tax.
How does 2509 Rainbow Dr's assessment compare to its last sale price?
The current assessment is 1.5% below the last sale price of $465,000.
When was 2509 Rainbow Dr built?
2509 Rainbow Dr was built in 1980.
How does 2509 Rainbow Dr compare to others on Rainbow Dr?
We track 8 other properties on Rainbow Dr. Browse the list under "Other properties on Rainbow Dr" to compare beds, baths, and sale history.
What are the property facts for 2509 Rainbow Dr?
2509 Rainbow Dr is a 4 bed, 3 bath, 2,968 sqft, 17,860 sqft lot single_family.
Is 2509 Rainbow Dr a flip candidate?
No — 2509 Rainbow Dr does not appear in our flips dataset.
Is 2509 Rainbow Dr a tax-appeal candidate?
No — 2509 Rainbow Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.5%
Implied 1-yr
+10.2%
2026 Q3
$228.7K
2026 Q4
$233.6K
ZIP 47904 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Rainbow Dr