40 Rainbow Ct
Cedar Rapids, IA 52403
4 bd 3 ba 2,992 sqft Built 1966 Lot 43,560 sqft single_family
Most recent sale
$405,000
May 12, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 12, 2022 | Sold | $405,000 | Public Record |
| May 9, 2022 | Sold | $405,000 | CedarRapids |
| Mar 25, 2022 | Listed | $399,900 | MLS #2202765 |
| May 11, 2015 | Sold | $315,000 | Public Record |
| Mar 6, 2015 | Listing removed | $329,900 | CedarRapids |
| Feb 9, 2015 | Listed | $329,900 | MLS #1501072 |
| Aug 15, 2002 | Sold | $237,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $315,100 | $80,000 | $395,100 | $4,492 |
| 2023 | $302,800 | $80,000 | $382,800 | $4,430 |
| 2022 | $237,700 | $80,000 | $317,700 | $4,376 |
| 2021 | $237,700 | $80,000 | $317,700 | $4,460 |
| 2020 | $234,600 | $65,000 | $299,600 | $4,382 |
| 2019 | $234,600 | $65,000 | $299,600 | $4,096 |
| 2018 | $215,700 | $65,000 | $280,700 | $4,004 |
| 2017 | $215,700 | $65,000 | $280,700 | $4,036 |
| 2016 | $205,400 | $65,000 | $270,400 | $3,910 |
| 2015 | $203,600 | $65,000 | $268,600 | $3,814 |
| 2014 | $203,600 | $65,000 | $268,600 | $3,724 |
| 2012 | $190,730 | $55,740 | $246,470 | $3,388 |
| 2011 | $190,730 | $55,740 | $246,470 | $3,282 |
| 2010 | $190,730 | $55,740 | $246,470 | $3,150 |
| 2004 | $181,648 | $53,086 | $234,734 | $2,706 |
Property facts
Year built
1966
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,992 sqft
Lot size
43,560 sqft
ZIP code
52403
City
Cedar Rapids
Street
Rainbow Ct
Coordinates
42.00298, -91.61436
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
$4,488
Gross rental yield
13.30%
Implied cap rate
8.64%
Trend-extrapolated value
—
Frequently asked questions
When did 40 Rainbow Ct last sell?
40 Rainbow Ct most recently sold on May 12, 2022 for $405,000.
What is the current tax assessment for 40 Rainbow Ct?
The most recent total assessment for 40 Rainbow Ct (year 2025) is $395,100 with $4,492 in property tax.
How does 40 Rainbow Ct's assessment compare to its last sale price?
The current assessment is 2.4% below the last sale price of $405,000.
When was 40 Rainbow Ct built?
40 Rainbow Ct was built in 1966.
How does 40 Rainbow Ct compare to others on Rainbow Ct?
We track 1 other property on Rainbow Ct. Browse the list under "Other properties on Rainbow Ct" to compare beds, baths, and sale history.
What are the property facts for 40 Rainbow Ct?
40 Rainbow Ct is a 4 bed, 3 bath, 2,992 sqft, 43,560 sqft lot single_family.
Is 40 Rainbow Ct a flip candidate?
No — 40 Rainbow Ct does not appear in our flips dataset.
Is 40 Rainbow Ct a tax-appeal candidate?
No — 40 Rainbow Ct is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-1.4%
Implied 1-yr
-5.7%
2026 Q3
$199.7K
2026 Q4
$196.6K
ZIP 52403 — Median Price History + Forecast
Explore nearby
Geography
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