497 Rainbow Dr NW, Lancaster, OH, 43130

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497 Rainbow Dr NW, Lancaster$2,199,000

Buyer Closing Credits

$10,000^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

Parking5 Car Garage +, Attached Garage, Detached Garage, Farm Bldg, Opener

Attached Garage8 spaces

Year Built1995

HeatingElectric

CoolingCentral Air

BasementYes

FireplaceGas Log, Two

MLS #223008972

Lot Size19.71 Acres

StatusActive

About 497 Rainbow Dr NW

Featuring a French Country manor at its finest! With almost 20 acres and only 35 minutes from Columbus, the best of both worlds is in reach. Featuring a complete renovation to the lower level bar and bath, brand new brick driveway that is almost complete, 4 bedrooms, 3.5 baths, formal dining room, family room, living room, office, gourmet kitchen with Viking appliances, beautiful outdoor patio space, pristine pond and park quality play set there is so much this property offers. The detached carriage house is prepped and ready for finishing the second story and the climate controlled 40x64 metal pole building is waiting your workshop or toys. Don't miss the chance to tour this beautiful estate.

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Property Details

Property Features

Property Information:

• Architectural Style: 2 Story
• Year Built: 1995
• Living Area: 7,244 SqFt

Listing Office:

• Office Name: Key Realty
• Listing Agent: Sarah Claypool

Interior Features

Interior Information:

• Appliances: Dishwasher, Washer/Dryer Connection, Gas Range, Microwave, Refrigerator
• Basement: Yes
• Flooring Type: Carpet, Ceramic/Porcelain, Wood-Solid or Veneer
• Interior: Dishwasher, Electric Dryer Hookup, Gas Range, Microwave, Refrigerator
• Fireplace: Gas Log, Two

Bedroom and Bathroom Information:

• Partial Bathrooms: 1
• Full Bathrooms: 3
• Total Bedroom Count: 4

Exterior Features

Exterior Information:

• Exterior: Brick, Stone, Additional Building, Patio, Well

Parking Information:

• Garage Space: 8 spaces
• Attached Garage: Yes
• Parking: 5 Car Garage +, Attached Garage, Detached Garage, Farm Bldg, Opener

Lot Features

Lot Information:

• Lot Size: 19.71 Acres

Utilities

Utilities Information:

• Heating: Electric
• Cooling: Central Air

Other

Directions Information:

• Directions: St Rt 158 to Rainbow Drive, house down 1 mile on the left. While driveway is being completed, the entrance to this property is through the adjacent property at 529 RAINBOW DR NW, LANCASTER, OH 43130

Price Information

Listing Price Info

Price Summary:

• List Price: $2,199,000
• Price Per SqFt: $304/SqFt

Tax Information:

• Annual Amount: $12,883
• Tax Year: 2020

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Housing Market Comparison

See how this home compares to others in Lancaster, OH.

Lancaster, OH

City

Med. Sold Price

$231.5K

Med. Price/SqFt

$162

Avg. Days On Market

23

# of Sold Homes

68

497 Rainbow Dr NW vs Lancaster

392 DAYS ON ROCKET

+369 Days

$2,199,000

+$1.9M More

$304/SqFt

+$142 More

KEY TAKEAWAY

This property is $1.9M more than the Median Sold Price and $142/SqFt more than other homes in Lancaster, OH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #223008972

Listing Office:

• Office Name: Key Realty
• Listing Agent: Sarah Claypool

The information is being provided by Columbus and Central Ohio Regional Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase.

Copyright © 2024 Columbus and Central Ohio Regional Multiple Listing Service. 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: 5/2/2024, 7:25:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Listing History

DATE	EVENT	PRICE
May 22, 2017	May 22, 2017Home Sold	$1,225,000
Jun 06, 2007	Jun 06, 2007Home Sold	$1,282,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$12,883	$336,960
2019	$12,882	$336,960
2018	$13,912	$343,090
2017	$13,571	$343,090

History based on county public records data.

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**Disclosures

Rocket Homes›Ohio›Fairfield County›Lancaster›43130›497 Rainbow Dr NW

This home is located at 497 Rainbow Dr NW in Lancaster, OH and zip code 43130. This 7,244 square foot home, which was built in 1995, sits on a 19.71 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 05, 2023 and is currently priced at $2,199,000.

In April 2024 more than 31 listings in Lancaster, OH were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 24 were sold below. The number of listings in Lancaster, OH increased by 18.1% between March 2024 and April 2024. Listings spent 23 days on the market in April 2024, and had a median list price of $231,557 during the same period.

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