Active

$464,900

1314 Rainbow Drive NE
Lancaster, OH 43130

4
Beds: 2.5
Baths: 2,698
Sq Ft: 0.45
Acres: 2 car
Garage

About this home

This impressive 4-bedroom, 2½-bath home offers 2,698 square feet of comfortable living space with a versatile floor plan designed for both everyday living and entertaining. The main level features a welcoming living room and d...

List price: $464,900
Original list price: $474,900
Days on market: 16 days
Annual property taxes: $4,878 / year
Year built: 1998

MLS # 20260923182111547223000000 · Listed by Sherry Orlando · RE/MAX ONE · Listed Oct 8, 2026 · Updated Oct 23, 2026

Property details

Listing overviewMLS-approved public listing fields

MLS number: 226036828
Status: Active
List price: $464,900
Original list price: $474,900
List date: Oct 8, 2026
Property type: Residential
Property subtype: Single Family Residence
County: Fairfield
Township: Pleasant
Parcel number: 02-70105-500

TaxesMLS-approved public listing fields

Annual property tax: $4,878
Tax year: 2,025

Rooms and interiorMLS-approved public listing fields

Bedrooms: 4
Bathrooms: 2.5
Full bathrooms: 2
Half bathrooms: 1
Living area: 2,698 sq ft
Finished area: 2,698 sq ft
Basement: Yes
Fireplace: Yes

Exterior and lotMLS-approved public listing fields

Lot size: 0.45

ParkingMLS-approved public listing fields

Garage spaces: 2
Garage type: Yes

SchoolsMLS-approved public listing fields

School district: LANCASTER CSD 2305 FAI CO.

Listing and showing informationMLS-approved public listing fields

Listing office: RE/MAX ONE
Listing agent: Sherry Orlando
Directions: St Rt 37 to Rainbow Drive. Take it east. The house is on the left right before you get to Midway Blvd. Look for the pond in front. St Rt 188 to Rainbow. Take it west. The house is on the right past Sheridan and just past Midway Blvd.
Public remarks: This impressive 4-bedroom, 2½-bath home offers 2,698 square feet of comfortable living space with a versatile floor plan designed for both everyday living and entertaining. The main level features a welcoming living room and dining room, providing plenty of space for gatherings and special occasions. The lower-level recreation room adds valuable additional living space--perfect for a family room, game area, home theater, exercise space, or whatever suits your lifestyle. Step outside to an exceptional 600-square-foot Trex composite deck, thoughtfully designed for outdoor entertaining and relaxation. Featuring lighting and attractive railing, this expansive outdoor space provides plenty of room for dining, gathering with friends, or simply enjoying the outdoors. Close to Thomas Ewing Jr High and Lancaster/Fisher Catholic High Schools. Just off St Rt 37, this home is easily accessible to the main arteries to Columbus. This home offers the space and flexibility today's buyers are looking for.

Provider and sourceMLS, status, agent, brokerage, and dates

MLS number: 20260923182111547223000000
Status: Active
MLS: Columbus and Central Ohio Regional MLS
Listing office: RE/MAX ONE
Listing agent: Sherry Orlando
List date: Oct 8, 2026

Location & neighborhood

Named schools are not available from the reviewed sources for this listing.

Data details

District attendance-area locator

District: Lancaster City School District

MLS-reported school names are not guaranteed attendance assignments. Independently verify every school and attendance assignment with the district.

How this home fits the Lancaster market

Median sale price: $274,900
Sale-to-list ratio: 99.4%
Months of inventory: 2.0

Median sale price

Lancaster was a seller-leaning market in September 2026, based on 2.0 estimated months of supply.

Completed September 2026 MLS evidence; incomplete metrics are omitted.

Payment estimate

Estimated monthly housing cost

Home price$Down payment%Loan termInterest rate%Property taxes / year · MLS$Home insurance / year · Estimated$HOA/COA fees / month · Not provided$

Estimated monthly payment

$2,951

Estimated loan amount: $371,920

Principal & interest: $2,351
Property taxes: $407
Home insurance: $194
HOA/COA fees: Not included

“Not included” means no reliable source value was available. Enter a confirmed amount for a fuller estimate.

Planning estimate only—not a loan offer, official Loan Estimate, or insurance quote. Confirm actual costs with your lender and other providers.

Estimate details

Insurance starts at a planning estimate of 0.5% of the home price per year. Items shown as “Not included” are excluded from the total. The estimate does not include closing costs, utilities, maintenance, special assessments, or every lender and escrow charge; mortgage insurance may also apply based on the loan.

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+16143525645

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About this home

List price: $464,900
Original list price: $474,900
Days on market: 16 days
Annual property taxes: $4,878 / year
Year built: 1998

MLS # 20260923182111547223000000 · Listed by Sherry Orlando · RE/MAX ONE · Listed Oct 8, 2026 · Updated Oct 23, 2026

Property details

Listing overviewMLS-approved public listing fields

MLS number: 226036828
Status: Active
List price: $464,900
Original list price: $474,900
List date: Oct 8, 2026
Property type: Residential
Property subtype: Single Family Residence
County: Fairfield
Township: Pleasant
Parcel number: 02-70105-500

TaxesMLS-approved public listing fields

Annual property tax: $4,878
Tax year: 2,025

Rooms and interiorMLS-approved public listing fields

Bedrooms: 4
Bathrooms: 2.5
Full bathrooms: 2
Half bathrooms: 1
Living area: 2,698 sq ft
Finished area: 2,698 sq ft
Basement: Yes
Fireplace: Yes

Exterior and lotMLS-approved public listing fields

Lot size: 0.45

ParkingMLS-approved public listing fields

Garage spaces: 2
Garage type: Yes

SchoolsMLS-approved public listing fields

School district: LANCASTER CSD 2305 FAI CO.

Listing and showing informationMLS-approved public listing fields

Listing office: RE/MAX ONE
Listing agent: Sherry Orlando
Directions: St Rt 37 to Rainbow Drive. Take it east. The house is on the left right before you get to Midway Blvd. Look for the pond in front. St Rt 188 to Rainbow. Take it west. The house is on the right past Sheridan and just past Midway Blvd.
Public remarks: This impressive 4-bedroom, 2½-bath home offers 2,698 square feet of comfortable living space with a versatile floor plan designed for both everyday living and entertaining. The main level features a welcoming living room and dining room, providing plenty of space for gatherings and special occasions. The lower-level recreation room adds valuable additional living space--perfect for a family room, game area, home theater, exercise space, or whatever suits your lifestyle. Step outside to an exceptional 600-square-foot Trex composite deck, thoughtfully designed for outdoor entertaining and relaxation. Featuring lighting and attractive railing, this expansive outdoor space provides plenty of room for dining, gathering with friends, or simply enjoying the outdoors. Close to Thomas Ewing Jr High and Lancaster/Fisher Catholic High Schools. Just off St Rt 37, this home is easily accessible to the main arteries to Columbus. This home offers the space and flexibility today's buyers are looking for.

Provider and sourceMLS, status, agent, brokerage, and dates

MLS number: 20260923182111547223000000
Status: Active
MLS: Columbus and Central Ohio Regional MLS
Listing office: RE/MAX ONE
Listing agent: Sherry Orlando
List date: Oct 8, 2026

Location & neighborhood

Named schools are not available from the reviewed sources for this listing.

Data details

District attendance-area locator

District: Lancaster City School District

MLS-reported school names are not guaranteed attendance assignments. Independently verify every school and attendance assignment with the district.

How this home fits the Lancaster market

Median sale price: $274,900
Sale-to-list ratio: 99.4%
Months of inventory: 2.0

Median sale price

Lancaster was a seller-leaning market in September 2026, based on 2.0 estimated months of supply.

Completed September 2026 MLS evidence; incomplete metrics are omitted.

Payment estimate

Estimated monthly housing cost

Home price$Down payment%Loan termInterest rate%Property taxes / year · MLS$Home insurance / year · Estimated$HOA/COA fees / month · Not provided$

Estimated monthly payment

$2,951

Estimated loan amount: $371,920

Principal & interest: $2,351
Property taxes: $407
Home insurance: $194
HOA/COA fees: Not included

“Not included” means no reliable source value was available. Enter a confirmed amount for a fuller estimate.

Planning estimate only—not a loan offer, official Loan Estimate, or insurance quote. Confirm actual costs with your lender and other providers.

Estimate details