Wichita Deal of the Day
5-Bedroom Opportunity in Rainbow — City-Owned, Priced Below Market
1608 E Catalina St, Wichita, KS 67216 • RAINBOW
Published September 7, 2026
Listed by Ben Curtis | At Home Wichita Real Estate | MLS# SCK669201 | Active
5
Bedrooms
2
Bathrooms
1,728
Sq Ft
$93
Per Sq Ft
Property Details
Days on Market
123 days (motivated seller?)
Year Built
1972
County
Sedgwick County
School District
Wichita School District (USD 259)
Lot Size
0.18 acres
Price Reduced
$4,000 off original price
MLS Status
Active
Why It's a Deal
Our algorithm scored this property 66 out of 100, driven by exceptional price gap metrics (100/100) and price-per-square-foot value (100/100). At $93 per square foot versus the $150 area median, buyers are acquiring square footage at a 38% discount. The 123 days on market and recent price reduction signal motivated municipal sellers working within bureaucratic constraints.
About This Property
- 💰$93/sqft — 38% below area median
- 📉Price reduced $4,000 — seller is motivated
- 📅123 days on market — strong negotiating leverage
From the Listing
While the as-is condition and approval requirements add layers to the transaction, the price-per-square-foot advantage and five-bedroom layout create meaningful upside for strategic buyers. The 90-day closing timeline accommodates the council approval process, and the city's preference for owner-occupants over investors is clearly stated in the listing terms.
Property Details
Area median: $150/sqft vs. this property: $93/sqft
Interested in this deal?
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MLS# SCK669201
Listed by Ben Curtis | At Home Wichita Real Estate | MLS# SCK669201
Listings courtesy of South Central Kansas MLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of Sep 7, 2026, 11:31 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
$93/sqft
Avg Comp Price
$162,463
This Deal
$161,000
Price Difference
$1,463 below
$/sqft vs Comps
$37 cheaper/sqft
2bd · 1.5ba · 1,261 sqft · 1950
$170,000
$135/sqft
$42 more/sqft
13d on market
4bd · 2ba · 1,116 sqft · 1954
$164,950
$148/sqft
$55 more/sqft
45d on market
3bd · 1ba · 1,182 sqft · 1954
$159,900
$135/sqft
$42 more/sqft
32d on market
4bd · 2ba · 1,508 sqft · 1972
$155,000
$103/sqft
$10 more/sqft
141d on market
Property Location
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1608 E Catalina St, Wichita, KS 67216
4 comparable properties shown · click any pin for details