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3490 Rainbow Lane, Highland, CA 92346

$230K2bd · 1ba · 840 sqft
Lot 840 sqft•HOA $450/mo•Condominium•
Active
•113d on market•MLS# IV-26131071

Property Description

Welcome to this beautifully remodeled 2-bedroom, 1-bath condo in the heart of Highland! Offering 840 square feet of move-in-ready living space, this second-floor home combines comfort, style, and convenience. Inside, you'll find thoughtful upgrades throughout, including a stylish sliding door that creates separation between the living area, bedrooms, and laundry space for added functionality and privacy. The home includes a washer and dryer, a Ring security camera, and even offers the option to include the living room furniture, making this a fantastic turnkey opportunity for first-time buyers, downsizers, or investors. Additional highlights include one covered carport space and a private garage space, providing ample parking and storage. Ideally located less than five minutes from shopping, dining, and entertainment, including Walmart Supercenter and the renowned Yaamava' Resort & Casino. Commuters will appreciate being less than one mile from freeway access, making travel throughout the Inland Empire simple and convenient. Offered at $240,000, this updated condo presents an excellent opportunity to own an affordable, low-maintenance home in a highly convenient Highland location. Schedule your private showing today!

Features & Amenities

FeeBuilt 1969

Property Details

Land Type
Fee
Year Built
1969
Property Type
Residential
Property Subtype
Condominium
Parking Spaces
1
Garage Spaces
1
Heating
Central
Cooling
Central Air
View
Mountain(s)
City
Highland
Zip Code
92346
County
San Bernardino
Listed byRISE REALTY, MARCELLUS LIMAR

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,163.01
Principal & Interest
Loan Amount
$184,000
Total Interest
$234,682
Total Payment Over 30 Years
$418,682
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 4 closed

3490 Rainbow Lane, Highland, CA 92346

Highland · Condominium

$230K
Affordable Tier
Beds
2
Baths
1
Sqft
840
Lot
840 sqft
Year
1969
$/Sqft
$274
Pool: No✓
View: mountain✓
Garage: 1-car✓

Listed 6.1% below the median closed sale of $245,000.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $230K· $274/sqft
Total list price
Closed comps
vs closed median $290K
−$60K (−20.7%)
Active comps
vs active median $225K
+$5K (+2.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $249
+$25 (+10.0%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
1951 Reedy AvenueHighland196921840799$208$175,0001296
3440 Rainbow LaneHighland196921861840$196$169,000596
2265 BradfordHighland198021810810$284$229,999695
2004 Palm AvenueHighland197221882882$255$225,00012992
2266 Denair AvenueHighland197921810900$302$245,000492
Total: 5 · Average2.01.0840.6846.2$249$208,799.831.2
Median840$225,000

Closed Properties (4)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
3471 20thHighland196907/17/202621840928$190,000$175,000$2080.9211098
3568 20th StreetHighland196908/27/202621780799$199,000$200,000$2561.0017394
7001 ChurchHighland198908/11/2026311,0651,065$290,000$290,000$2721.00775
7001 Church Ave #40Highland198908/21/2026321,1101,110$324,999$325,000$2931.0010669
Total: 4 · Average2.51.3948.75975.5$247,500$247,500$257.25—99
Median1,065$290,000$290,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.