Do colleges consider significant rises in class rank highly important?

Freshman year was terrible because of personal reasons, but over sophomore and junior year I've been able to bump myself up from top 40% to top 18% in my class, with 100+-place increase in class rank. In a class of about 500 students that is a huge jump, albeit not exactly what colleges like U Chicago, Penn, Georgetown, and others of that caliber look for. But do you think that improvement is a real deal breaker?

Also, if it helps anything, I've been taking all AP and IB classes throughout my high school career.

Thanks!

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