4514 Rainbow Rd
Cleveland, OH 44121
3 bd 2 ba 1,332 sqft Built 1927 Lot 10,000 sqft single_family
Most recent sale
$195,000
Feb 4, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 6, 2023 | Listed for rent | $1,995 | AppfolioUnits |
| Feb 4, 2022 | Sold | $195,000 | MLS #4331209 |
| Nov 9, 2021 | Price changed | $199,900 | MLS #4331209 |
| Nov 5, 2021 | Listed | $214,900 | MLS #4331209 |
| Jan 29, 2021 | Sold | $89,000 | MLS #4230036 |
| Sep 24, 2016 | Listing removed | $995 | AppfolioUnits |
| Sep 1, 2016 | Price changed for rent | $995 | AppfolioUnits |
| Aug 6, 2016 | Listed for rent | $1,100 | AppfolioUnits |
| Jul 19, 2016 | Listing removed | $1,100 | AppfolioUnits |
| Jun 15, 2016 | Listed for rent | $1,100 | AppfolioUnits |
| Jul 12, 1991 | Sold | $50,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $54,810 | $13,440 | $68,250 | $5,696 |
| 2024 | $54,810 | $13,440 | $68,250 | $5,163 |
| 2022 | $31,430 | $11,170 | $42,600 | $4,104 |
| 2021 | $31,430 | $11,170 | $42,600 | $4,074 |
| 2020 | $27,090 | $9,630 | $36,720 | $3,940 |
| 2019 | $27,090 | $9,630 | $36,720 | $3,596 |
| 2018 | $27,090 | $9,630 | $36,720 | $3,579 |
| 2017 | $29,440 | $7,910 | $37,350 | $3,941 |
| 2016 | $29,440 | $7,910 | $37,350 | $3,916 |
| 2015 | $29,440 | $7,910 | $37,350 | $3,555 |
| 2014 | $29,440 | $7,910 | $37,350 | $3,530 |
| 2013 | $29,440 | $7,910 | $37,350 | $3,483 |
| 2012 | $29,440 | $7,910 | $37,350 | $3,278 |
| 2010 | $25,270 | $9,380 | $34,650 | $2,969 |
| 2009 | $25,270 | $9,380 | $34,650 | $2,957 |
| 2008 | $28,700 | $10,675 | $39,375 | $2,862 |
| 2007 | $28,700 | $10,680 | $39,380 | $2,881 |
Property facts
Year built
1927
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
1,332 sqft
Lot size
10,000 sqft
ZIP code
44121
City
Cleveland
Street
Rainbow Rd
Coordinates
41.51425, -81.51739
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,998
Gross rental yield
12.30%
Implied cap rate
7.99%
Trend-extrapolated value
—
Frequently asked questions
When did 4514 Rainbow Rd last sell?
4514 Rainbow Rd most recently sold on Feb 4, 2022 for $195,000.
What is the current tax assessment for 4514 Rainbow Rd?
The most recent total assessment for 4514 Rainbow Rd (year 2025) is $68,250 with $5,696 in property tax.
How does 4514 Rainbow Rd's assessment compare to its last sale price?
The current assessment is 65.0% below the last sale price of $195,000.
When was 4514 Rainbow Rd built?
4514 Rainbow Rd was built in 1927.
How does 4514 Rainbow Rd compare to others on Rainbow Rd?
We track 1 other property on Rainbow Rd. Browse the list under "Other properties on Rainbow Rd" to compare beds, baths, and sale history.
What are the property facts for 4514 Rainbow Rd?
4514 Rainbow Rd is a 3 bed, 2 bath, 1,332 sqft, 10,000 sqft lot single_family.
Is 4514 Rainbow Rd a flip candidate?
Yes — 4514 Rainbow Rd appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 4514 Rainbow Rd a tax-appeal candidate?
No — 4514 Rainbow Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+2.0%
Implied 1-yr
+8.1%
2026 Q3
$191.9K
2026 Q4
$195.3K
ZIP 44121 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Rainbow Rd