1616 Rainbow Rd is a 4,072 square foot house on a 0.32 acre lot with 5 bedrooms and 5 bathrooms. Based on Redfin's Grand Island data, we estimate the home's value is $543,336.
Single-familyProperty Type
2001Year Built
0.32 acresLot Size
$133Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$543,336
$18K since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 13% higher than the average sale price ($481K) of 6 comparable homes.
As the MLS and public records start to fill up, we'll list the details here.
Year
Property tax
Land + Additions
Assessment*
2025
$6,719 (+0.6%)
$38,841 + $471,293
$510,134
2024
$6,681 (−22.4%)
$38,841 + $467,319
$506,160
2023
$8,614 (+21.9%)
$38,841 + $443,953
$482,794
2022
$7,068 (−1.3%)
$38,841 + $453,299
$492,140
2021
$7,163 (+22.6%)
$30,000 + $336,238
$366,238
2020
$5,842 (−2.5%)
$30,000 + $336,238
$366,238
2019
$5,990 (−3.2%)
$30,162 + $262,922
$293,084
2018
$6,188 (+5.5%)
$30,162 + $262,922
$293,084
2017
$5,866 (+16.6%)
$30,162 + $262,922
$293,084
2016
$5,032 (−1.5%)
$30,162 + $250,402
$280,564
2015
$5,107 (+4.5%)
$30,162 + $220,354
$250,516
2013
$4,888
$30,162 + $220,354
$250,516
Tax history for 1616 Rainbow Rd
Year
Property tax
Land + Additions
Assessment*
2025
$6,719 (+0.6%)
$38,841 + $471,293
$510,134
2024
$6,681 (−22.4%)
$38,841 + $467,319
$506,160
2023
$8,614 (+21.9%)
$38,841 + $443,953
$482,794
2022
$7,068 (−1.3%)
$38,841 + $453,299
$492,140
2021
$7,163 (+22.6%)
$30,000 + $336,238
$366,238
2020
$5,842 (−2.5%)
$30,000 + $336,238
$366,238
2019
$5,990 (−3.2%)
$30,162 + $262,922
$293,084
2018
$6,188 (+5.5%)
$30,162 + $262,922
$293,084
2017
$5,866 (+16.6%)
$30,162 + $262,922
$293,084
2016
$5,032 (−1.5%)
$30,162 + $250,402
$280,564
2015
$5,107 (+4.5%)
$30,162 + $220,354
$250,516
2013
$4,888
$30,162 + $220,354
$250,516
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning and permits
Zoning
Permits
R1
Suburban Residential Zone
To provide for residential neighborhoods at a maximum density of 4 to 5 dwelling units per acre with supporting community facilities.
Permitted uses
Include but are not limited to:
Religious facility
Housing
Infrastructure-Other
Educational/school
Recreation
Golf related
Ground transport
Park & open space
Aug 14, 2023 • Final
Miscellaneous
Work on a water heater.
Plumbing
Water heater
Apr 13, 2022 • Final
Miscellaneous
Work on a roof.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Interior
Basement Information
Basement Sq. Ft: 2,016
Basement Finish: Finished
Bathroom Information
# of Bathroom Fixtures: 18
Heating & Cooling
Air Conditioning Type: Central
Heating Type: Hot Air
Exterior
Exterior Information
Physical Condition: Average
Building Style Type: Ranch
Building Construction Quality: Good
Exterior Wall: Frame Siding
Building Type: Single Family
Property Information
Subdivision Name: RAINBOW LAKE THIRD SUB
Living Sq. Ft: 4,072
Building Sq. Ft: 4,992
# of Stories: 1
Stories Type: 1
Legal Description: RAINBOW LAKE THIRD SUB LT 2
Parking & Garage Information
Parking Type: Attached Garage
Garage/Parking Sq. Ft: 920
Garage / Carport Type: Attached
Lot Information
# of Buildings: 1
Land Sq. Ft: 13,808
Legal Lot Number: 2
Municipality Name: GRAND ISLAND 2/82/3BNB
Acres: 0.317
Depth Footage: 137.53
Front Footage: 100
Zoning Code: Z01
County Use Description: SINGLE FAMILY RESIDENTIAL
Location Information
Parcel Location Influence: Suburban
Financial
Assessor Information
Assessment Year: 2026
Tax Area: GRAND ISLAND 2/82/3BNB
Public facts
Beds: 5
Baths: 5.0
Sq. Ft.: 4,072
Stories: 1.0
Lot Size: 0.32 acres
Style: Single Family Residential
Year Built: 2001
Year Renovated: —
County: Hall County
APN: 400367890
Home facts updated by county records on Aug 21, 2026
Around this home
Schools
Cedar Hollow School
Public PreK-8 • Assigned • 3.8mi
8/10
Northwest High School
Public 9-12 • Assigned • 5.4mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
4/10 Fire Factor
0.93% chance of being in a wildfire in next 30 years
3/10 Heat Factor
7 days above 102° expected this year, 16 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Grand Island, NE • 68801
Average low and high temperatures (°F)
37
15
44
19
62
33
66
42
76
51
83
64
86
68
83
66
82
58
71
47
53
33
45
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 11 hours in
June and 5.4 hours in December, placing it above the
U.S. average for solar exposure.
11 hrs
5.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$517,000 – $625,000
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