1490 Rainbow Ave, Maple Plain, MN, 55359
About This Home
***Priced Well Below Appraised Value!!*** Beautiful and open main floor with vaults and spacious living areas. Remodeled kitchen designed with how you live today including an abundance of cabinets, counters, stainless steel appliances, undermount sink, task lighting, truly custom backsplash, and an impressive center island that is sure to be the center of all your future gatherings! Fresh paint and décor throughout! And tons of updates including main floor bathroom. Three bedrooms on main level. New boiler 2019. Water Heater 2025. New mini splits/AC 2021. Exterior doors (2026), appliances, RO Water Filtration, and so much more! Lower level family room, tons of storage areas, and the home’s 4th bedroom or office depending on your needs! Large back yard and inviting patio area. Close to nearby parks, Baker Park Trails and Lake Independence!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1972
Materials
- Roof: Asphalt,Pitched
- Construction materials: Block,Frame
Type & Style
- Home type: SingleFamily
- Property subType: Single Family
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Exhaust Fan,Gas Water Heater,Microwave,Range,Refrigerator,Stainless Steel Appliance(s),Washer,Water Softener Rented
- Laundry features: Lower Level,Laundry Room
Basement
- Has basement: Yes
- Basement: Block,Drain Tiled,Egress Window(s),Finished,Full,Storage Space,Sump Pump
Bedroom
- Level: Main
- Area: 149.5
- Dimensions: 13x11.5
Bedroom2
- Level: Main
- Area: 109.25
- Dimensions: 11.5x9.5
Bedroom3
- Level: Main
- Area: 92
- Dimensions: 11.5x8
Bedroom4
- Level: Lower
- Area: 148.5
- Dimensions: 13.5x11
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Dining Room
- Level: Main
- Area: 108
- Dimensions: 12x9
Family Room
- Level: Lower
- Area: 494.5
- Dimensions: 23x21.5
Features
- Finished area below ground: 933
- Finished area above ground: 1,242
Flex Room
- Level: Lower
- Area: 56
- Dimensions: 8x7
Heating & Cooling
- Heating features: Baseboard,Boiler,Hot Water
- Cooling features: Ductless Mini-Split
Interior Area
- Total structure area: 2,254
- Total interior livable area: 2,175 sqft
Kitchen
- Level: Main
- Area: 204
- Dimensions: 17x12
Living Room
- Level: Main
- Area: 228
- Dimensions: 19x12
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 2611824110042
- Zoning description: Residential-Single Family
- Foundation area: 1242
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio
Lot
- Lot size: 0.27 Acres
- Features: Tree Coverage - Medium
- Lot size dimensions: 100 x 122
Parking
- Total spaces: 2
- Parking features: Detached Garage,Gravel,Electric,Garage Door Opener
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
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
- Cold Wave
- Hail
- Heat Wave
- Tornado
- Inland Flooding
- Strong Wind
- Wildfire
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Hennepin County and Minnesota
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,987 | $23,844 |
| Home Insurance * | $158 | $1,896 |
| Property Taxes | $527 | $6,324 |
| Electricity | $183 | $2,201 |
| Total | $2,855 | $34,260 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-11 | Price change | $375,000 |
| 2026-07-20 | Price change | $393,000 |
| 2026-06-29 | Price change | $409,900 |
| 2026-06-13 | Listed for sale | $424,900 |
| 2016-07-08 | Listing removed | $209,900 |
| 2016-06-05 | Price change | $209,900 |
| 2016-05-23 | Listed for sale | $219,900 |
| 1998-08-12 | Sold | $120,050 |
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