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$144,900 Contingent
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Property Description
Well cared for home with Soaring Vaulted ceilings as you enter! Hardwood floor abound and are in great shape, just beautiful! NEW Kitchen! Updated New Bathroom with tile!! The home also boasts of 3 large bedrooms, 1 full bath and another bath just waiting to be finished! Full replacement windows, newer Furnace, AC and water heater! Fully fenced backyard with large deck! Super home that is just waiting for the new owner to make it their own!
Full Property Details
Full Property Details for 1007 Rainbow View
General
- Price: $144,900
- Taxes: $3,632 (2024)
- Status: Contingent
- Type: Single Family
- Source: MRED
- MLS ID: 12523097
- Updated: 1/26/2026
- Added to Site: 88 day(s) ago
Interior
- Basement: Crawl Spac
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Features: Yes, Garage Owned, Attached, Garage
Location
- Area: Urbana
- County: Champaign
- Township: Cunningham
- Driving Directions: Take N Country Fair Dr to W University Ave, continue on W University Ave to Urbana, turn right onto Rainbow View, the home will be on the right.
School Information
- School District: 116
- Elem School District: 116
- Midd School District: 116
- High School District: 116
- Elementary School: Urbana Elementary School
- Middle School: Urbana Middle School
- High School: Urbana High School
- Private School: Urbana High School
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas, Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Vinyl Siding
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Crawl Space
- Square Feet: 1,133
- Sq. Ft. Source: Estimated
- Year Built: 1962
- Built Before 1978: Yes
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 76 x 104 x 96 x 81 x 35
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1962
- Tax Amount: $3,632
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 922116427019
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Schools
Schools serving 1007 Rainbow View
School District:Urbana School District 116
| Name | Grades | Distance |
|---|---|---|
DR Preston L Williams Jr Elementary School 2102 East Washington Street, Urbana, IL 61802 | K-5 | 0.3 mi |
Urbana Middle School 1201 South Vine Street, Urbana, IL 61801 | 6-8 | 1.1 mi |
Urbana High School 1002 South Race Street, Urbana, IL 61801 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1007 Rainbow View
Date
Details
Price
Change
Source
12/18/2025
Price Reduced
$144,900
-3.34%
MLS
11/25/2025
Listed
$149,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1007 Rainbow View
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,632
6%
$35,210
10%
2023
$3,417
15%
$32,120
17%
2021
$2,976
-7%
$27,570
-7%
2022
$3,202
18%
$29,580
17%
2020
$2,716
3%
$25,250
—
2019
$2,639
—
$25,250
-1%
2018
$2,626
-1%
$25,420
2%
2017
$2,658
-4%
$24,870
-5%
2016
$2,783
-1%
$26,180
—
2015
$2,813
-4%
$26,180
-5%
2014
$2,922
-4%
$27,560
-5%
2013
$3,035
4%
$29,010
-7%
2012
$2,910
—
$31,060
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1007 Rainbow View
1007 Rainbow View, Urbana, IL 61802 (MLS# 12523097) is a Single Family property with 3 bedrooms and 1 full bathroom. 1007 Rainbow View is currently listed for $144,900 and was received on November 25, 2025. Want to learn more about 1007 Rainbow View? Do you have questions about finding other Single Family real estate for sale in Urbana? You can browse all Urbana real estate or contact a Coldwell Banker agent to request more information.
