4520 Rainbow Ct, Indianapolis, IN 46221
OFF MARKET

4520 Rainbow Ct
Indianapolis, IN 46221

Mars Hill
  • 3 Beds
  • 1,200 sqft

$186,100

Trulia Estimate
as of May 17, 2026
Est. Refi. Payment $1,144/mo*
Refinance Your Home

$186,100

Trulia Estimate
as of May 17, 2026
Est. Refi. Payment $1,144/mo*
Refinance Your Home
3 Beds
1,200 sqft

Local Information

Map showing home location
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Description

This single-family home is located at 4520 Rainbow Ct, Indianapolis, IN. 4520 Rainbow Ct is in the Mars Hill neighborhood in Indianapolis, IN and in ZIP code 46221. This property has 3 bedrooms and approximately 1,200 sqft of floor space. This property has a lot size of 8276 sqft and was built in 1969.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
No Info

Home Details for 4520 Rainbow Ct

Interior Features

Heating & Cooling
Heating: OtherAir ConditioningCooling System: CentralHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 6

Exterior Features

Exterior Home Features
Roof: AsphaltFoundation Type: Crawl Raised
Parking & Garage
GarageParking: Garage Detached

Property Information

Year Built
Year Built: 1969Year Updated: 1969
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 8276 sqft

Price History for 4520 Rainbow Ct

DatePriceEventSource
07/30/2008$60,000Sold
MIBOR as distributed by MLS GRID #2830934
04/23/2008$103,515Sold
N/A
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Property Tax and Assessment

Year2025
Tax$185
Assessment$161,500
Home facts updated by county records

Comparable Sales for 4520 Rainbow Ct

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4948 Norcroft Dr, Indianapolis, IN
0.03
Single-Family Home
$117,500
01/29/26
3
2.5
1,278
4515 Rainbow Ct, Indianapolis, IN
0.03
Single-Family Home
$194,000
06/04/25
3
1
999
5137 Gambel Rd, Indianapolis, IN
0.14
Single-Family Home
$190,000
06/23/25
3
-
1,200
4832 Gambel Rd, Indianapolis, IN
0.18
Single-Family Home
$150,000
11/03/25
3
1
1,104
4241 S Gerrard Dr, Indianapolis, IN
0.27
Single-Family Home
$100,100
11/05/25
2
1
720
5003 Gambel Rd, Indianapolis, IN
0.10
Single-Family Home
$265,000
04/03/26
4
2
1,976
5301 Gambel Rd, Indianapolis, IN
0.20
Single-Family Home
$190,000
01/02/26
4
1.5
1,278
4221 S Lynhurst Dr, Indianapolis, IN
0.34
Single-Family Home
$198,000
12/23/25
2
1
1,386
4909 W Markwood Ave, Indianapolis, IN
0.31
Single-Family Home
$225,000
09/19/25
3
1
1,164
5419 W Mooresville Rd, Indianapolis, IN
0.45
Single-Family Home
$165,000
10/06/25
3
1
1,728

Assigned Schools

These are the assigned schools for 4520 Rainbow Ct.
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

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"
    22
    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."
    7
    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

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Off Market Homes Near 4520 Rainbow Ct

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4520 Rainbow Ct, Indianapolis, IN 46221 is a 3 bedroom, 1,200 sqft single-family home built in 1969. 4520 Rainbow Ct is located in Mars Hill, Indianapolis. This property is not currently available for sale. 4520 Rainbow Ct was last sold on Jul 30, 2008 for $60,000. The current Trulia Estimate for 4520 Rainbow Ct is $186,100.