3958 Rainbow View Dr, Indianapolis, IN 46221
OFF MARKET

$252,600

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,818 sqft (on 0.42 acres)

3958 Rainbow View Dr, Indianapolis, IN 46221

Mars Hill
Est. Refi. Payment $1,600/mo*
Refinance Your Home
Currently Off Market - Sold Sep 27, 2022 for $165,000

Home Value

Trulia Estimate
$253K
Since last month
Decreased$6K (-2.3%)
Since last year
Decreased$10K (-3.7%)
Since last sale
Increased$85K (+51.4%)
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 +132% in the last 10 years
MonthEstimated value
2026
September 2026$250K
August 2026$253K
July 2026$256K
June 2026$256K
May 2026$255K
April 2026$260K
March 2026$259K
February 2026$258K
January 2026$256K
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
5026 Rixon Ave, Indianapolis, IN
0.15
Single-Family Home
$139,000
07/10/26
3
1.5
2,448
4020 S Lynhurst Dr, Indianapolis, IN
0.25
Single-Family Home
$255,000
06/12/26
4
1.5
1,732
4909 W Markwood Ave, Indianapolis, IN
0.24
Single-Family Home
$225,000
09/19/25
3
1
1,164
4205 Solun Rd, Indianapolis, IN
0.55
Single-Family Home
$205,000
03/25/26
3
2
1,408
4221 Solun Rd, Indianapolis, IN
0.55
Single-Family Home
$215,000
07/27/26
3
2
1,248
4132 Tincher Rd, Indianapolis, IN
0.50
Single-Family Home
$258,000
09/24/25
3
2
1,428
3610 Olender Dr, Indianapolis, IN
0.45
Single-Family Home
$225,000
06/18/26
4
2
2,080
4156 Tincher Rd, Indianapolis, IN
0.50
Single-Family Home
$224,500
09/04/26
3
2
1,074
4546 Laclede St, Indianapolis, IN
0.59
Single-Family Home
$220,000
09/04/26
3
2.5
1,692
5419 W Mooresville Rd, Indianapolis, IN
0.46
Single-Family Home
$165,000
10/06/25
3
1
1,728

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
4948 Henna Ln, Brownsburg, IN 46112
0.05
$751,396
4
2.5
3,707
Recently Sold
4035 Robin Dr, Indianapolis, IN 46221
0.09
$293,200
4
2.5
2,928
Off Market
5204 W Hanna Ave, Indianapolis, IN 46221
0.14
$201,000
3
1.5
1,506
Off Market
5026 Rixon Ave, Indianapolis, IN 46221
0.15
$139,000
3
1.5
2,448
Recently Sold
5204 W Mooresville Rd, Indianapolis, IN 46221
0.17
$157,200
3
1
988
Off Market
4042 Judan Ct, Indianapolis, IN 46221
0.17
$249,900
3
2
1,441
Off Market
4910 W Mooresville Rd, Indianapolis, IN 46221
0.21
$125,600
2
1
1,728
Off Market
4914 W Markwood Ave, Indianapolis, IN 46221
0.19
$282,900
3
1.5
1,972
Off Market
4126 S Gerrard Dr, Indianapolis, IN 46221
0.23
$225,900
3
1
1,500
Off Market
4850 W Mooresville Rd, Indianapolis, IN 46221
0.26
$399,000
3
2
3,666
Recently Sold
4845 W Markwood Ave, Indianapolis, IN 46221
0.23
$257,400
2
2
1,218
Off Market
4909 W Markwood Ave, Indianapolis, IN 46221
0.24
$225,800
3
1
1,164
Off Market

Local Information

  • Map ViewExplore the area around 3958 Rainbow View Dr.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1967
0.42 acre lot
1,818 sqft
$139/sqft
Garage

About this House

This single-family home is located at 3958 Rainbow View Dr, Indianapolis, IN. 3958 Rainbow View Dr is in the Mars Hill neighborhood in Indianapolis, IN and in ZIP code 46221. This property has 3 bedrooms, 2 bathrooms and approximately 1,818 sqft of floor space. This property has a lot size of 0.42 acres and was built in 1967.
3958 Rainbow View Dr, Indianapolis, IN 46221 is a 3 bedroom, 2 bathroom, 1,818 sqft single-family home in Mars Hill, built in 1967. It last sold for $165,000 on Sep 27, 2022. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $252,600, with a rent estimate of $1,720/month.

Home Details for 3958 Rainbow View Dr

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Interior Details
Number of Rooms: 7Types of Rooms: Dining Room
Appliances & Utilities
DishwasherMicrowave
Fireplace & Spa
Fireplace
Levels, Entrance, & Accessibility
Floors: Carpet, Laminate

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: Wood, Brick
Pool
Pool
Parking & Garage
GarageParking Space: 1Parking: Garage Attached

Property Information

Year Built
Year Built: 1967Year Updated: 1967
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 0.42 acres

Price and Tax history

DateEventPrice
Sep 27, 2022
Source: N/A
Sold
$165,000
Jan 20, 2021
Source: N/A
Sold
$133,000
Sep 29, 2020
Source: Agent Provided
ListingRemoved
$177,000
Sep 4, 2020
Source: Agent Provided
Pending
$177,000
Aug 26, 2020
Source: Agent Provided
PriceChange
$177,000
Price decreased by 4%

Market trends in Indianapolis

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$257K
$6.7KMoM
Sale-to-List Price
99.7%
0.1%MoM
Price per sq ft
$145
$1MoM
Available listings
4241
187MoM

Around this home

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

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

What Locals Say about Mars Hill

At least 86 Trulia users voted on each feature.

  • 85 % Say parking is easy

  • 84 % Say car is needed

  • 82 % Say yards are well-kept

  • 77 % Say kids play outside

  • 64 % Say it's dog friendly

  • 53 % Say there's holiday spirit

  • 48 % Say it's walkable to grocery stores

  • 44 % Say neighbors are friendly

  • 42 % Say there's wildlife

  • 39 % Say people would walk alone at night

  • 35 % Say it's quiet

  • 34 % Say there are sidewalks

  • 33 % Say it's walkable to restaurants

  • 29 % Say they plan to stay for at least 5 years

  • 12 % Say streets are well-lit

  • 11 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Lilsispeanut
    "There is an annual neighborhood block party, a church that provides free summer meals for kids, and a free book exchange. "
    0
    Flag
  • Trulia User
    "Everyone just helps each other around in that area and there is a art center and a really great school township "
    0
    Flag
  • Trulia User
    "Dog owners would dislike the fact that there is no yard for dogs to tun in. Also, those of us who do pick up after our animals are tired of being blamed for piles of poop others leave."
    2
    Flag
  • Della B.
    "I've lived here in the Decatur Township part of Mars Hill for over 2 years. I love my neighbors! They are friendly and neighbor is quiet. Anyone looking for a home on Southwest side of Indy, take note the Decatur Township side of Mars Hill is full of quiet neighborhoods. "
    5
    Flag
  • Trulia User
    "A lot of stray dogs and cats in the neighborhood. Which of the stray animals will use the restroom in your yard."
    1
    Flag
  • Trulia User
    "the school of StoutField on Sam Jones has a splashpark for anyone that wants to use it is about the only thing that is special in this neighborhood. "
    0
    Flag
  • Allykaat1
    "Been here over 10 years, last 5 have been horrible and continues to worsen by the day. Looking to move asap"
    23
    Flag
  • Nick D.
    "Drugs, domestic violence and loud noises. Avoid if you have any personal dignity. Kids growing up here will be exposed to the worst side of adults and likely be in danger."
    8
    Flag
  • Rebecca L. C.
    "It’s an old neighborhood with working families trying to get by day to day a lot of old school families I grew up here and have seen it go down no improvements here but good people for the most part. "
    10
    Flag
  • Sarah S.
    "I make it quick as possible, I don’t like being outside when it’s dark. Music thumps loudly in cars and you can hear gun shots often. "
    3
    Flag
  • Chelsie L.
    "Some people let their dogs run free throughout the neighborhood or their dogs can get out easily too."
    4
    Flag
  • Jess
    "The only thing I like about this location is I’m not far from 465 or 70. Only takes 10-15 min to get downtown, west side and south side. "
    0
    Flag
  • Jessie
    "Lots of stray cats and loose dogs running around. And not many safe places to walk. Very sketchy people and lack of sidewalks. "
    0
    Flag
  • Morris C.
    "Where the pedophiles live and where is crime being committed safe streets for kids more than one local grocery available "
    0
    Flag
  • D m.
    "Good neighborhood and good safety, nice app,very clean complex app, maintenance are very fast and quick "
    0
    Flag
  • Faith A.
    "I lived in the area when the kids were smaller and liked it. Want to move back into the are as soon as possible"
    22
    Flag
  • L_wjohnson
    "WE lived here for 9 years and would have stayed but we experienced job relocation. WE felt it was an excellent area, safe, accessible, and easy travel to all areas of Indianapolis, via I70 or I465. "
    1
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 3958 Rainbow View Dr

  • What is 3958 Rainbow View Dr estimated to be worth?
    Trulia's estimated value for 3958 Rainbow View Dr in Indianapolis, IN is $252,600.
  • What is the price history for 3958 Rainbow View Dr?
    3958 Rainbow View Dr in Indianapolis, IN last sold for $165,000 in September 2022.
  • Is Indianapolis a buyer's or seller's market?
    Indianapolis is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Indianapolis?
    The median sale price in Indianapolis is $257K. That is up $6.7K from the prior month.
  • Does 3958 Rainbow View Dr have air conditioning?
    Yes, 3958 Rainbow View Dr in Indianapolis, IN has air conditioning.
  • Does 3958 Rainbow View Dr have a pool?
    Yes, 3958 Rainbow View Dr in Indianapolis, IN has a pool.

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