9987 Rainbow Falls Lane, Fishers, IN 46037 · $419,900 · Sold

Here's 9987 Rainbow Falls Lane in Fishers, IN 46037. This listing is closed, but I can still walk you through the details.

1 photo from the listing — tap any to expand.

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Front exterior at 9987 Rainbow Falls Lane, Fishers, IN

Sold — 9987 Rainbow Falls Lane, Fishers, IN 460371 / 1

Quick read on the numbers:

$419,900$499,900

Sold

Beds

Baths

Sq ft

4,104

Built

2003

Acres

0.22

Here's what I think this home is worth:

FREE FROM SHELDON

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Key things to know

Sold 26% below list in 50 days
Fireplace
Finished basement (1,207 sqft)
3-car garage
Spyglass Falls subdivision

From the listing

Check this one out! 6 bedrooms (2 master suites) 3 1/2 bathrooms. This home offers LOADS of space!! Spacious rooms with walk in closets!! 9ft ist floor ceilings, screened in porch for peaceful mornings, and evenings, firepit, fenced in yard, and wired for hot tub. The basement has recently been finished with one of the master suites, wet bar, and set up for entertaining!! The 2nd floor adds more space with 4 large bedrooms with the other master suite, and large rec room with a walk in closet for more storage. The laundry is on the 2nd floor where majority of bedrroms are for convenience!! This home lacks nothing!! Don't forget the 3 car garage!!

A few highlights from the feature list:

Interior

Bath Sinks Double MainCathedral Ceiling(s)Entrance FoyerPantryWalk-In Closet(s)Wet Bar

I'll break the details down — open any section that matters.

TAX ASSESSMENT

County assessed values for current year

Total Assessed Value

$420,600

Land Value

$73,200

Land$73,200

17% of total

Improvement Value

$347,400

Improvements$347,400

83% of total

Annual tax · 2025: $6,320

This home has sold:

Sold

$370,000

-$129,900 below list (-26.0%)

Closed: Sep 29, 2025
Listed at: $499,900
Sold: 7 months ago
Sold in: 50 days

Price history

Sold$370,000
Sep 29, 2025
Price reduced$449,900 → $419,900
Aug 5, 2025
Listedat $499,900
Jun 26, 2025

Spyglass Falls · activity

past 6 months

Sold: 7
Median price: $469,000
Median DOM: 7 days

A few similar homes that recently sold nearby:

Recent comparable sales

Same zip · similar size

Comparative value

5 comps in this range

This home is 43% below median for similar nearby sales.

$425K$785KMedian $652K

$370K

A few places to dig deeper:

Spyglass Falls Hamilton Southeastern Schools

MLS# 22047509