12240 Rainbow Ave, Anchorage, AK 99516
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Property image
OFF MARKET

12240 Rainbow Ave
Anchorage, AK 99516

Huffman-O'Malley
  • 3 Beds
  • 2 Baths
  • 1,606 sqft (on 0.33 acres)

$448,300

Trulia Estimate
as of Jul 22, 2026
Est. Refi. Payment $2,347/mo*
Refinance Your Home

$448,300

Trulia Estimate
as of Jul 22, 2026
Est. Refi. Payment $2,347/mo*
Refinance Your Home
3 Beds
2 Baths
1,606 sqft
(on 0.33 acres)

Local Information

  • Map ViewExplore the area around 12240 Rainbow Ave.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1962
Lot Size
0.33 acres
Living Area
1,606 sqft
Price/Sqft
$279
Parking
Garage

Description

Beautiful South Anchorage Home on Huge Private Lot near Bowman Elementary! The custom, open concept home has tons of character and has been extensively renovated. Enjoy the light-filled great room, cathedral ceilings, exposed beams, solid six panel doors, skylight, greenhouse window, french doors, and gas fireplace. PLUS - Oversized garage/shop with 220 power, workbench, shelving and man cave.<br/><br/>Brokered And Advertised By: FSBO Anchorage-Alaska LLC<br/>Listing Agent: Derek Hert
12240 Rainbow Ave, Anchorage, AK 99516 is a 3 bedroom, 2 bathroom, 1,606 sqft single-family home in Huffman-O'Malley, built in 1962. It last sold for $180,000 on Sep 13, 2013. It is currently off market. The Trulia Estimate is $448,300, with a rent estimate of $2,887/month.

Home Details for 12240 Rainbow Ave

Interior Features

Interior Details
BasementNumber of Rooms: 6
Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1
Fireplace & Spa
Fireplace

Property Information

Year Built
Year Built: 1962Year Updated: 1966
Property Type / Style
Property Type: Single Family HomeArchitecture: split level

Exterior Features

Exterior Home Features
Exterior: Wood
Parking & Garage
GarageParking: Garage Detached

Community

Units in Building: 1

Lot Information

Lot Area: 0.33 acres

Additional Information

Greenhouse

Price History for 12240 Rainbow Ave

DatePriceEventSource
09/13/2013--Sold
N/A
08/02/2011--Sold
AKMLS #11-8451
06/29/2011$328,000Listed For SaleAgent Provided

Market trends in Anchorage

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$395K
$3.33KMoM
Sale-to-List Price
100.0%
Price per sq ft
$251
$3MoM
Available listings
541
30MoM
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Property Tax and Assessment

Year2025
Tax$5,879
Assessment$372,300
Home facts updated by county records

Comparable Sales for 12240 Rainbow Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
12230 Rainbow Ave, Anchorage, AK
0.02
Single-Family Home
-
08/18/25
3
2
1,416
12145 Rainbow Ave, Anchorage, AK
0.11
Single-Family Home
-
09/19/25
4
2
2,016
12170 Woodward Dr, Anchorage, AK
0.17
Single-Family Home
-
02/27/26
3
2.5
1,486
2531 Cleo Ave, Anchorage, AK
0.34
Single-Family Home
-
07/16/26
3
2
1,580
1970 Brandilyn St, Anchorage, AK
0.11
Single-Family Home
-
06/30/26
4
2.5
2,699
1677 Circlewood Dr, Anchorage, AK
0.13
Single-Family Home
-
01/30/26
3
3
2,571
2012 Oxbow Cir, Anchorage, AK
0.24
Single-Family Home
-
10/10/25
4
2.5
2,367
12343 Woodward Dr, Anchorage, AK
0.25
Single-Family Home
-
10/22/25
3
2.5
1,588
2041 Brandilyn St, Anchorage, AK
0.18
Single-Family Home
-
08/26/25
3
2.5
2,233
12540 Hace St, Anchorage, AK
0.47
Single-Family Home
-
10/10/25
3
2
1,762

Nearby homes

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Assigned Schools

These are the assigned schools for 12240 Rainbow Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Huffman-O'Malley
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Huffman-O'Malley

At least 79 Trulia users voted on each feature.

  • 96 % Say parking is easy

  • 95 % Say it's dog friendly

  • 91 % Say car is needed

  • 86 % Say yards are well-kept

  • 83 % Say there's wildlife

  • 82 % Say people would walk alone at night

  • 79 % Say it's quiet

  • 76 % Say kids play outside

  • 73 % Say there's holiday spirit

  • 65 % Say neighbors are friendly

  • 59 % Say they plan to stay for at least 5 years

  • 55 % Say there are sidewalks

  • 55 % Say streets are well-lit

  • 51 % Say it's walkable to grocery stores

  • 30 % Say it's walkable to restaurants

  • 25 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Chris
    "South side but still diverse enough to make it feel real. Limited to no homeless or vagrants and for anchorage that’s great!! I like our community and feeling of safety. Kids play in yards and street and they are safe. "
    7
    Flag
  • Trulia User
    "Wonderful neighborhood, safe, best schools close, close shopping and maintained yards. Close to bus stops ."
    1
    Flag
  • Unknown N.
    "I’ve lived in this neighborhood for over 15 years. It is a safe, well established neighborhood with older, custom built homes, with residents who take beautiful care of their lawns and homes. The area is lovely, and walkable both for exercise, for kids to go to school, etc. Holidays are my favorite, driving home and seeing each house decorated for the season. I also love the view of the mountains from my back deck. ;)"
    4
    Flag
  • Dee M.
    "Great neighborhood and friendly people. Well kept yards, very nice houses with beautiful trees. Holidays, and the summers are especially nice for us. I like the way property values hold up also. A very good mix of the generations in our neighbors."
    3
    Flag
  • Thewellmans15
    "Very family friendly neighborhood. People are always out with their kids. People generally drive slowly because the kids play in the front yards or ride their bikes in the neighborhood. "
    0
    Flag
  • Tanya M. R.
    "Larger lots for Anchorage but people are very friendly. All the seclusion of the country with all the amenities of Alaska’s largest city. "
    3
    Flag
  • Veronicacpage
    "My neighbors are rude and don't want contact, they don't want friends, don't like dogs or pets in general and are not willing to help."
    8
    Flag
  • Maureen b.
    "I have lived here for 16 years. Great neighborhood. Kids play, great place to take walks with your family and pets. Fencing keeps the street safe from outside traffic. Walking distance to Huffman business park. Love it here."
    5
    Flag
  • Pho907
    "Live here for 3 years now. Quiet on a dead end street. Almost all neighbors are friendly. Feel safe walking the streets "
    3
    Flag
  • ktandmet
    "this part of Anchorage has the best rated schools, close to Fire and Police, is a quiet cul de sac, low crime, and walking paths."
    2
    Flag

LGBTQ Local Legal Protections

Apartments for Rent

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Homes for sale near 12240 Rainbow Ave

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Off Market Homes Near 12240 Rainbow Ave

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