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2427 Rainbow Drive #27, Denver, CO, 80229

3beds
2baths
1,184sqft
$310,000
$262price/sqft
$2,107/moest. monthly cost
$84,280/yrincome needed

About This Home

A true standout in Devonshire Square, this beautifully remodeled end unit offers an exceptional blend of style, privacy, and convenience. This move in ready 3 bedroom 2 bath townhome has been thoughtfully updated throughout with a new kitchen, updated baths, newer flooring and modern lighting. The desirable corner location provides added privacy along with a private fenced patio ideal for relaxing or entertaining. The upper level features a trendy loft style primary suite with an en suite bath, creating a private retreat, along with a separate study or bonus room offering flexibility for work or additional living space. Additional improvements include a newer electrical panel, updated countertops and deck, and several newer windows. The home is equipped with central air conditioning and heating that has been recently serviced. The water heater is approximately 6 to 7 years old. Ideally located near light rail, shopping, and schools, this is a rare opportunity you won’t want to miss. Priced to attract strong interest.

Getting Around

65
WalkingSomewhat Walkable
38
TransitSome Transit
44
BikeSomewhat Bikeable

Schools

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1984

Materials

  • Roof: Composition
  • Construction materials: Frame

Type & Style

  • Home type: Townhouse
  • Architectural style: Mountain Contemporary
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Microwave,Oven,Range,Refrigerator
  • Laundry features: In Unit

Bathroom

  • Level: Main

Bathroom

  • Level: Upper

Bedroom

  • Level: Main

Bedroom

  • Level: Main

Bedroom

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Family Room

  • Level: Main

Features

  • Ceiling Fan(s),Eat-in Kitchen
  • Flooring: Carpet,Tile,Vinyl
  • Number of fireplaces: 1
  • Fireplace features: Family Room
  • Fireplace: Yes
  • Finished area above ground: 1,184
  • Common walls with other units/homes: End Unit,1 Common Wall

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,184
  • Total interior livable area: 1,184 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Main

Office

  • Level: Upper

Property

Details

  • Parcel number: R0055276
  • Attached to another structure: Yes
  • Zoning: R-3
  • Special condition: Standard
  • Exclusions: Seller's Personal Property

Features

  • Levels: Two
  • Stories: 2
  • Entry location: Ground
  • Patio & porch: Covered,Deck,Front Porch,Patio
  • Exterior features: Lighting,Private Yard
  • Fencing: Full

Lot

  • Lot size: 1,872 sqft

Parking

  • Total spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailVery High
  • Cold Wave
    Cold WaveRelatively High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Hail
Cold Wave
Lightning
Winter Weather
Strong Wind
Tornado

FEMA Declared Disasters Across Colorado Counties

Fire
Flood
Severe Storm
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,567$18,804
Home Insurance *$184$2,208
Property Taxes $170$2,040
Electricity $186$2,232
Total$2,107$25,284
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$72,240/yr
40% on housing$63,210/yr
45% on housing$56,186/yr

Colorado FAIR Plan Programs

Colorado FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.3%
12.3%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 3.7%
3.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$262This listing

vs Other Active Listings

Avg $/sqft

ZIP 80229$143
Adams County$171

vs Homes Sold Last Month

Median $/sqft

ZIP 80229$258
Adams County$234

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-15Listed for sale$325,000
2022-03-28Sold$355,000
2014-05-27Listing removed$1,400
2014-05-27Price change$1,400
2014-05-25Listed for rent$1,200
2014-05-15Sold$86,527
2014-01-17Listed for sale$89,000
2012-10-04Listing removed$1,200
2012-09-11Listed for rent$1,200
2004-10-04Sold$147,552
1994-08-30Sold$57,000

For Sale by Agent

AgentMauri Tamborra
BrokerageReal Broker, LLC DBA Real

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