Wichita Deal of the Day
4-Bedroom Rainbow Home at $89/sqft — 40% Below Market Average
1507 E Berkeley, Wichita, KS 67216 • RAINBOW
Published June 14, 2026
Listed by Kyle Pepper | At Home Wichita Real Estate | MLS# SCK669203 | Active
4
Bedrooms
1.5
Bathrooms
1,508
Sq Ft
$90
Per Sq Ft
Property Details
Days on Market
67 days
Year Built
1972
County
Sedgwick County
School District
Wichita School District (USD 259)
Lot Size
0.16 acres
Price Reduced
$5,000 off original price
MLS Status
Active
Why It's a Deal
Our algorithm scored this property 64 out of 100, with perfect marks in price gap and price-per-square-foot categories. At $89.52 per square foot versus the area median of $151.02, you're looking at a 40% discount on a per-square-foot basis. The $5,000 recent reduction and 67 days on market signal motivated seller dynamics, while the city ownership structure has likely limited the buyer pool—creating opportunity for those who understand the process.
About This Property
- 💰$90/sqft — 40% below area median
- 📉Price reduced $5,000 — seller is motivated
- 📅67 days on market — strong negotiating leverage
From the Listing
While the property requires work and comes with unique closing requirements, the fundamentals—four bedrooms, competitive lot size, and a price point 51% below the neighborhood median of $277,990—make this a compelling value proposition for the right buyer with patience and vision.
Property Details
Area median: $151/sqft vs. this property: $90/sqft
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MLS# SCK669203
Listed by Kyle Pepper | At Home Wichita Real Estate | MLS# SCK669203
Listings courtesy of South Central Kansas MLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of Jun 14, 2026, 11:30 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Comparable Properties — ZIP 67216
How this deal stacks up against similar properties in the same area
This deal
$90/sqft
Avg Comp Price
$133,750
This Deal
$135,000
Price Difference
$1,250 above
$/sqft vs Comps
$9 cheaper/sqft
3bd · 2ba · 1,200 sqft · 1988
$135,000
$113/sqft
$23 more/sqft
41d on market
3bd · 1ba · 1,184 sqft · 1952
$135,000
$114/sqft
$24 more/sqft
1d on market
5bd · 2ba · 1,662 sqft · 1972
$133,000
$80/sqft
Our deal $10 cheaper
95d on market
4bd · 1.5ba · 1,508 sqft · 1972
$132,000
$88/sqft
Our deal $2 cheaper
87d on market
Property Location
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1507 E Berkeley, Wichita, KS 67216
4 comparable properties shown · click any pin for details