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$745,000

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,728 Sq. Ft.

Listed By: ANDREA. BEEM | Exp Realty, Llc | (541) 231-3109 | Cell: 541-231-3109

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Fully updated single story home & horse property on 9.4 acres w/ room for all your animals & hobbies! New roof, new interior/exterior paint, new vinyl plank flooring, new carpet. All new Kitchen & bathrooms! Built-in bookshelves, Large laundry room, 60x36 insulated shop! Fully fenced, landscaped, & room for RV/Boat storage. Plumbing updated to Pex. 1500+ water tank installed. Have your coffee each day from the wrap around porch with stunning views! Turnkey country living minutes to town!

Full Property Details for 40235 Rainbow Dr

General

  • Price: $745,000
  • Taxes: $4,351 (2024)
  • Status: Active
  • Type: Single Family
  • Source: WVMLS
  • MLS ID: 833333
  • Updated: 12/22/2025
  • Added to Site: 132 day(s) ago

Interior

  • Flooring: Carpet, Luxury Vinyl Plank

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Exterior

  • Color: Dark Green

Parking

  • Garage Description: None

Location

  • County: LINN COUNTY

School Information

  • Elementary School: Centennial
  • Middle School: Scio
  • High School: Scio

Heating & Cooling

  • Heating/Cooling: Window Unit (AC), Baseboard
  • Water Heater: Electric

Utilities

  • Water: Well

Structural Information

  • Basement Desc.: Daylight, Partial
  • Roof: Composition
  • Square Feet: 1,728
  • Year Built: 1970

Lot Features

  • Lot Size (Acres): 9.4
  • Lot Size (Sq. Ft.): 409,464
  • Zoning: RR5
  • Lot Description: 1

Financial Considerations

  • Price Per Sq. Ft.: $431.13
  • Price Per Acre: $79,255.32
  • Assessment Year: 1970
  • Tax Amount: $4,351
  • Tax Year: 2024

Disclosures and Reports

  • Lot Number: 1

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 40235 Rainbow Dr

School District:Lebanon Community School District 9
NameGradesDistance
Lacomb School
34110 East Lacomb Road, Lebanon, OR 97355
K-84 mi
Lebanon High School
1700 South 5th Street, Lebanon, OR 97355
9-128.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 40235 Rainbow Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/22/2025
Price Reduced
$745,000
-1.84%
MLS
9/05/2025
Listed
$759,000
171.07%
MLS
2/01/2012
Sold
$280,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 40235 Rainbow Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,557
5%
$328,960
5%
2024
$4,350
3%
$312,620
3%
2023
$4,234
6%
$303,520
6%
2021
$3,976
-4%
$286,100
-3%
2022
$4,144
4%
$294,680
6%
2021
$3,976
3%
$277,770
3%
2019
$3,847
-48%
$269,680
3%
2018
$7,460
103%
$261,830
3%
2017
$3,674
2%
$254,210
3%
2016
$3,591
3%
$246,810
3%
2015
$3,471
2%
$239,630
3%
2014
$3,402
66%
$232,660
63%
2013
$2,045
—
$142,790
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1537 Western Pl, Stayton, OR 97383 - Photo 1 Just Listed
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1537 Western Pl  Stayton, OR 97383

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Price Reduced near 40235 Rainbow Dr

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965 N 4th Ave, Stayton, OR 97383 - Photo 1 Price Reduced
-$30,000 (-4.77%)
$599,000

965 N 4th Ave  Stayton, OR 97383

  • Single Family
  • Active
  • Updated 2 days ago
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Listed By: HEIDI. HAZEL | Berkshire Hathaway Homeservices Northwest Real Estate
1399 Twin Hills Rd SE, Jefferson, OR 97352 - Photo 1 Price Reduced
-$24,500 (-3.5%)
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1399 Twin Hills Rd SE  Jefferson, OR 97352

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  • Updated 11 hours ago
  • 3
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    Total Baths
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    Sq. Ft.
Listed By: JODIE. DODGE | Jmg Jason Mitchell Group-Salem
1533 Fern Ridge Rd SE, Stayton, OR 97383 - Photo 1 Price Reduced
-$25,000 (-14.29%)
$150,000
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1533 Fern Ridge Rd SE  #20  Stayton, OR 97383

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  • Active
  • Updated 3 days ago
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980 Fern Ridge Rd, Stayton, OR 97383 - Photo 1 Price Reduced
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980 Fern Ridge Rd  Stayton, OR 97383

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  • 4
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    Sq. Ft.
Listed By: TARAH. FAIR | Realty One Group Willamette Valley

Recent Sales near 40235 Rainbow Dr

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40489 Oupor Dr, Scio, OR 97374 - Photo 1 Sold
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40489 Oupor Dr  Scio, OR 97374

  • Single Family
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  • 2,440
    Sq. Ft.
Listed By: LAURA. GILLOTT | Keller Williams Realty Mid-Willamette - Gillott Team and MACKENZIE. GREENLY | Keller Williams Realty Mid-Willamette - Gillott Team
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Listed by Homecoin.Com, Jonathan Minerick
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43188 Rodgers Mountain Lp, Scio, OR 97374 - Photo 1 Sold
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43188 Rodgers Mountain Lp  Scio, OR 97374

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    Sq. Ft.
Listed By: ERIN. GILLINS | Horsepower Real Estate
Sold by CRISTIAN. MARTINEZ | Redfin
43188 Rodgers Mountain Loop, Scio, OR 97374 - Photo 1 Sold
$700,000

43188 Rodgers Mountain Loop  Scio, OR 97374

  • Manufactured Home
  • Sold
  • 3
    Beds
  • 2
    Total Baths
  • 2,250
    Sq. Ft.
Listed by Horsepower Real Estate, Erin Gillins
Sold by Redfin, Cristian Martinez

40235 Rainbow Dr, Scio, OR 97374 (MLS# 833333) is a Single Family property with 3 bedrooms and 2 full bathrooms. 40235 Rainbow Dr is currently listed for $745,000 and was received on September 05, 2025. Want to learn more about 40235 Rainbow Dr? Do you have questions about finding other Single Family real estate for sale in Scio? You can browse all Scio real estate or contact a Coldwell Banker agent to request more information.

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