Wichita Deal of the Day
4-Bedroom Rainbow Home at Half the Market Rate — City-Owned Opportunity
1516 E Del Mar, Wichita, KS 67216 • RAINBOW
Published June 15, 2026
Listed by Kyle Pepper | At Home Wichita Real Estate | MLS# SCK669208 | Active
4
Bedrooms
1.5
Bathrooms
1,508
Sq Ft
$80
Per Sq Ft
Property Details
Days on Market
69 days
Year Built
1972
County
Sedgwick County
School District
Wichita School District (USD 259)
Lot Size
0.23 acres
Price Reduced
$2,000 off original price
MLS Status
Active
Why It's a Deal
Our algorithm assigned this property a Deal Score of 64 out of 100, driven primarily by exceptional price-per-square-foot metrics (100/100) and substantial price gap versus area median (100/100). At $79.58 per square foot compared to the area median of $151.44, buyers are accessing nearly 50% more house for their dollar. The extended days on market (69) and as-is city-owned status have created a pricing opportunity that rewards informed buyers.
About This Property
- 💰$80/sqft — 47% below area median
- 📉Price reduced $2,000 — seller is motivated
- 📅69 days on market — strong negotiating leverage
From the Listing
With 69 days on market and a recent $2,000 price reduction, this property has been overlooked by buyers who may not understand the city-owned sale process. For those willing to navigate the extended closing timeline and as-is condition, the value proposition is compelling — you're buying at roughly 43% of the neighborhood's median home price of $279,000.
Property Details
Area median: $151/sqft vs. this property: $80/sqft
Interested in this deal?
Contact Rehmert Andrews
🔎 Inspection Partner
Know exactly what you're buying before you close. ASHI-certified inspections — Wichita & surrounding areas.
Schedule an InspectionASHI Member · KAREI Member · Background Verified · (316) 644-6545
🛡️ Insurance Partner
Protect your new home from day one. Local State Farm agent — fast quotes, real answers.
🛡️ Get a Home Insurance QuoteRehmert Andrews & Associates does not endorse or guarantee any insurance services. Contact Dotsie Cuillo State Farm for coverage details.
MLS# SCK669208
Listed by Kyle Pepper | At Home Wichita Real Estate | MLS# SCK669208
Listings courtesy of South Central Kansas MLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of Jun 15, 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
$80/sqft
Avg Comp Price
$112,200
This Deal
$120,000
Price Difference
$7,800 above
$/sqft vs Comps
$25 cheaper/sqft
2bd · 2ba · 1,272 sqft · 1952
$114,900
$90/sqft
$10 more/sqft
32d on market
2bd · 1ba · 881 sqft · 1953
$113,900
$129/sqft
$49 more/sqft
21d on market
3bd · 2ba · 1,176 sqft · 1956
$110,000
$94/sqft
$14 more/sqft
38d on market
3bd · 1ba · 1,021 sqft · 1942
$110,000
$108/sqft
$28 more/sqft
43d on market
Property Location
Map Layers
Loading map…
1516 E Del Mar, Wichita, KS 67216
4 comparable properties shown · click any pin for details