3940 Rainbow Dr, Virginia Beach, VA 23456
OFF MARKET

$378,100

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,224 sqft (on 0.29 acres)

3940 Rainbow Dr, Virginia Beach, VA 23456

Salem
Est. Refi. Payment $2,210/mo*
Refinance Your Home
Currently Off Market - Sold Oct 4, 2024 for $350,000

Home Value

Trulia Estimate
$378K
Since last month
Decreased$600 (-0.2%)
Since last year
Increased$15K (+4.2%)
Since last sale
Increased$28K (+8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +108% in the last 10 years
MonthEstimated value
2026
August 2026$378K
July 2026$379K
June 2026$384K
May 2026$376K
April 2026$374K
March 2026$368K
February 2026$366K
January 2026$366K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4084 Rainbow Dr, Virginia Beach, VA
0.17
Single-Family Home
$285,000
09/30/25
3
2
1,087
4141 Peridot Dr, Virginia Beach, VA
0.28
Single-Family Home
$407,500
08/24/26
3
2
1,410
3904 Peridot Pl, Virginia Beach, VA
0.18
Single-Family Home
$319,450
08/17/26
5
3
1,868
4165 Peridot Dr, Virginia Beach, VA
0.30
Single-Family Home
$360,000
09/02/25
3
2
1,410
3945 Topaz Ln, Virginia Beach, VA
0.21
Single-Family Home
$440,000
02/24/26
4
2.5
1,696
1705 Moonstone Dr, Virginia Beach, VA
0.29
Single-Family Home
$384,000
09/17/25
3
2.5
1,388
1708 Newmill Ct, Virginia Beach, VA
0.14
Single-Family Home
$440,000
12/29/25
5
3
1,900
3856 Sunstream Pkwy, Virginia Beach, VA
0.36
Single-Family Home
$275,000
07/27/26
3
2
1,345
1713 Silver Springs Ct, Virginia Beach, VA
0.47
Single-Family Home
$384,000
09/22/25
3
2
1,390
3932 Morning View Dr, Virginia Beach, VA
0.68
Single-Family Home
$390,000
05/20/26
3
2
1,208

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1801 N Star Ct, Virginia Beach, VA 23456
0.07
$385,000
5
3
1,868
For Sale
4024 Rainbow Dr, Virginia Beach, VA 23456
0.10
$331,000
3
2.5
1,584
Recently Sold
4233 Kenton Ln, Virginia Beach, VA 23456
0.14
$630,000
3
2.5
2,445
For Sale
4036 Rainbow Dr, Virginia Beach, VA 23456
0.12
$316,200
3
1.5
1,307
Off Market
4225 Kenton Ln, Virginia Beach, VA 23456
0.16
$607,000
3
2.5
2,445
Recently Sold
4032 Archstone Dr, Virginia Beach, VA 23456
0.16
$600,000
3
2.5
2,445
Recently Sold
4104 Archstone Dr, Virginia Beach, VA 23456
0.16
$609,900
3
2.5
2,519
For Sale
1708 Newmill Ct, Virginia Beach, VA 23456
0.14
$440,000
5
3
1,900
Recently Sold
4209 Kenton Ln, Virginia Beach, VA 23456
0.18
$665,000
5
3.5
2,788
Recently Sold
3868 Shooting Star Dr, Virginia Beach, VA 23456
0.15
$307,000
3
1.5
1,100
Recently Sold
3904 Peridot Pl, Virginia Beach, VA 23456
0.18
$319,450
5
3
1,868
Recently Sold
3932 Sunstream Pkwy, Virginia Beach, VA 23456
0.20
$363,000
4
2
1,800
Recently Sold

Local Information

  • Map ViewExplore the area around 3940 Rainbow Dr.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1983
Lot Size
0.29 acres
Living Area
1,224 sqft
Price/Sqft
$309
Parking
Garage

About this House

This single-family home is located at 3940 Rainbow Dr, Virginia Beach, VA. 3940 Rainbow Dr is in the Salem neighborhood in Virginia Beach, VA and in ZIP code 23456. This property has 3 bedrooms, 2 bathrooms and approximately 1,224 sqft of floor space. This property has a lot size of 0.29 acres and was built in 1983.
3940 Rainbow Dr, Virginia Beach, VA 23456 is a 3 bedroom, 2 bathroom, 1,224 sqft single-family home in Salem, built in 1983. It last sold for $350,000 on Oct 4, 2024. More recently, it was listed as a rental in October 2017 with an asking price of $1,250 per month. That rental listing was removed on December 16, 2017. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $378,100, with a rent estimate of $2,181/month.

Home Details for 3940 Rainbow Dr

Interior Features

Heating & Cooling
Heating: Forced Air, Heat Pump, ElectricAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile, Linoleum Vinyl
Interior Details
AtticNumber of Rooms: 6Types of Rooms: Walk In Closet, Dining Room, Laundry Room, Master Bath, Mud RoomCeiling Fan
Appliances & Utilities
Cable ReadyDishwasherDisposalDryerMicrowaveRefrigeratorWasher

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: Vinyl, BrickLawnPatioPorch
Parking & Garage
GarageParking Spaces: 2Parking: Garage Attached, Off Street, On Street

Property Information

Year Built
Year Built: 1983
Property Type / Style
Property Type: Single Family HomeArchitecture: Ranch / Rambler

Community

Units in Building: 1

Lot Information

Lot Area: 0.29 acres

Price and Tax history

DateEventPrice
Oct 4, 2024
Source: N/A
Sold
$350,000
Aug 29, 2024
Source: REIN Inc. #10547025
Contingent
$345,000
Aug 16, 2024
Source: REIN Inc. #10547025
Listed For Sale
$345,000
Jul 7, 2023
Source: N/A
Sold
$340,000
Jun 12, 2023
Source: REIN Inc. #10489639
Contingent
$315,000

Market trends in Salem

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$414K
$19.53KMoM
Sale-to-List Price
100.0%
Price per sq ft
$230
$2MoM
Available listings
142
5MoM

Around this home

Neighborhood Overview

Salem
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Salem

At least 386 Trulia users voted on each feature.

  • 95 % Say it's dog friendly

  • 90 % Say car is needed

  • 86 % Say parking is easy

  • 86 % Say there are sidewalks

  • 84 % Say yards are well-kept

  • 79 % Say kids play outside

  • 79 % Say there's holiday spirit

  • 74 % Say streets are well-lit

  • 73 % Say people would walk alone at night

  • 71 % Say it's quiet

  • 58 % Say neighbors are friendly

  • 57 % Say it's walkable to grocery stores

  • 53 % Say they plan to stay for at least 5 years

  • 43 % Say there's wildlife

  • 32 % Say it's walkable to restaurants

  • 24 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Vicky Keys
    "Very quiet neighborhood is a great family place. Safe for walking. Close to shopping and dining. Close to hospital."
    2
    Flag
  • Vsnpz4s8ys
    "Generally safe, people are kind (private), and overall just a nice place to live. I’ve lived here all my life and am constantly finding new things to enjoy as an adult."
    0
    Flag
  • Px6jb4nmrz
    "Just Common Sense advice. Stay with your kid and inspect the candy before they eat it. Sometimes it needs to be said"
    0
    Flag
  • Brianna Balcerzak
    "Virginia Beach, Virginia holds all types of events for the community ranging from entertainment to mental health to so much more "
    0
    Flag
  • Qc2hcmrz6y
    "Convenient to most areas of the city and all military bases. Traffic can be kind of slow during rush hour."
    0
    Flag
  • Dbwoi Dollarz
    "Although this is not my neighborhood and I am just visiting I love to come around.I get waves from strangers and greetings from neighbors.I see dogs walking leashed with their owners and I love how they’re so many stores nearby.From barbershops to grocery stores within walking distance.Overall a great area"
    4
    Flag
  • Mrm5695
    "I have amazing neighbors. All older age 50+, but they are the neighbors that will bring you a pie every Sunday. "
    1
    Flag
  • Dana Cowher
    "I see dog walkers all the time. Plenty of sidewalks and grassy public areas. Neighbors are good about sending alerts out for found animals."
    0
    Flag
  • Trulia User
    "It is a great place to live and raise a family. It is safe and a lot of things to do within walking distance. It's close to the shopping center, grocery shopping, veterans amphitheater, the mall, and tidewater community College. Great schools in the area. The sportsplex is close. The hospital is close."
    1
    Flag
  • Trulia User
    "Easy commute from our neighborhood with quick access to the interstate, military bases and the shipyards."
    0
    Flag
  • Trulia User
    "Quick ride to 64, easy access to Norfolk, Chesapeake, downtown Virginia Beach, hospitals and the oceanfront."
    0
    Flag
  • Trulia User
    "We raised our family in this neighborhood, and have lived here for 27 years! We love that it is convenient to the freeway, the airport, Norfolk, Chesapeake, the ocean front and town center! We were pleased with the schools as well."
    0
    Flag
  • Trulia User
    "I have lived here for almost 30 years, our kids grew up here and now we have families with young children moving in. It’s a great neighborhood to live in, very walkable, parks nearby and love the schools."
    1
    Flag
  • Trulia User
    "nice area for children to ne raised. neighbors are friendly and we speak daily. Everyone is friendly to each other. "
    0
    Flag
  • Trulia User
    "they would love the new doggy shelter on pleasant valley, they probably wouldn't like it if their dog got free and Animal control got called."
    0
    Flag
  • Trulia User
    "love the area, I feel save. The kids have met Amazing friends. The schools are very welcoming and guide you through the process."
    0
    Flag
  • Trulia User
    "Friendly neighbors and cleanliness. Very quiet and helpful. Convenient location and good school area. "
    0
    Flag
  • Trulia User
    "safe place, kids friendly neighborhood, great school ratings, walking distance Walmart, Home depot, restaurants. banks, and drugstore. Bus stops around all connected roads. Hospital within 5min drive. "
    0
    Flag
  • Trulia User
    "happy wife happy life. I grew up here. great upbringing, met lots of people, good people, good school"
    0
    Flag
  • Trulia User
    "For all dog owners there is a nearby dog park within a few minutes walk and plenty of sidewalk for nice stroll with your dog(s). "
    0
    Flag
  • Karen I.
    "I have seen it to be a caring neighborhood where neighbors look out for one another. I also know that the schools in this area have superb ratings. I also have a friend who speaks highly of this neighborhood as well."
    29
    Flag
  • Trulia User
    "Neighbors help and look out for each other. It is pretty quiet in this area. There are children also and the schools are close too."
    4
    Flag
  • Lottie H.
    "Quiet for the most part and friendly neighbors. Been here for 12 years. Would like to move to a ranch but still live in this neighborhood."
    1
    Flag
  • Anne H. P.
    "Love the friendly Neighboor’s. Overall a great locations with with some of the best school districts"
    1
    Flag
  • Lottie H.
    "People walk their dogs all the time in my neighborhood. The majority of people pick up behind their dogs as well. There isn't a lot of dogs barking all hours of the day or not."
    3
    Flag
  • Mrm5695
    "My neighbors are amazing. I live in a quiet area, where everyone is welcoming. The salem middle school and Highschool are walking distance for my kids. "
    2
    Flag
  • Denise L.
    "Quite and friendly neighborhood with plenty of stores and restaurants near by. Excellent schools in this area."
    1
    Flag
  • Kay D.
    "my neighborhood is friendly and streets are always clean. access to everything and the city is only minutes away. can see this being a neighborhood for all generations."
    0
    Flag
  • Kay D.
    "I've lived in this neighborhood for 4 plus years and I always feel welcomed by strangers. nice suburban area close by to everything with many grocery stores and restaurants."
    9
    Flag
  • Cdwms528
    "I’ve been here a few months and everyone is very friendly. There is also a fire department a few blocks away. "
    6
    Flag
  • Mochacutie75780
    "Lived here since I was 13! Love ur here! Can’t wait for my kids to grow up and build a life here as well! Couldn’t be happier in this neighborhood!"
    7
    Flag
  • Cynthia S.
    "My neighborhood is pretty close to the interstate and it doesn’t take more than 20 minutes to get anywhere from here. "
    0
    Flag
  • Shannon S.
    "Very friendly dogs in the neighborhood and friendly people as well. The golf course after hours is a great place to let them run."
    0
    Flag
  • Ebronan
    "lived in this neighborhood for 10 years. Children are outside playing, my neighbors are friendly, and parents look out for each other's children. "
    8
    Flag
  • Kaomcs
    "We have community events such as the end of summer social and Halloween Trunk of treat. This neighborhood is great for young families and you see people out walking with their children and dogs. "
    1
    Flag
  • Nick S.
    "I’ve lived here for about a year and love it. Unfortunately we rent so we won’t be staying long, but we’d love to buy in the area. "
    8
    Flag
  • Kidztownatclearview
    "People often walk dogs and on the occasion a dog gets loose everyone is helpful in finding them. People seem to clean up after their animals 90% of the time"
    0
    Flag
  • luca
    "There’s lots of dogs in the neighborhood! The roads arent very busy so it is easy to walk across streets, plus there’s crosswalks and lights to make it easier at major intersections. "
    0
    Flag
  • Sheryldtyre
    "Yards are just not big enough. Not enough green grass in the neighborhood. Not an actual dog park. "
    2
    Flag
  • Melanie M.
    "Not many community events happen here. They have meetings and garage sales and that’s about it........"
    2
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 3940 Rainbow Dr

  • What is 3940 Rainbow Dr estimated to be worth?
    Trulia's estimated value for 3940 Rainbow Dr in Virginia Beach, VA is $378,100.
  • What is the price history for 3940 Rainbow Dr?
    3940 Rainbow Dr in Virginia Beach, VA last sold for $350,000 in October 2024.
  • Is Virginia Beach a buyer's or seller's market?
    Virginia Beach is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Virginia Beach?
    The median sale price in Virginia Beach is $414K. That is up $19.53K from the prior month.
  • Does 3940 Rainbow Dr have air conditioning?
    Yes, 3940 Rainbow Dr in Virginia Beach, VA has air conditioning.
  • Does 3940 Rainbow Dr have laundry facilities?
    Yes, 3940 Rainbow Dr in Virginia Beach, VA has in-unit laundry.

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Off Market Homes Near 3940 Rainbow Dr

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