For Sale12d on market
5073 SE Rainbow Ln
Milwaukie, OR, 97222 • Lewelling • Clackamas County
$429,000
$346/sqft
+$10,000 since Mar 27, 2026
Down payment assistance available
3Beds
1Baths
1,240Sqft
0.16 acLot
1963Built
Property DNA
Ranch Style
Built 1963 · 63 years of history
Outdoor Living
Covered Patio
RVBoatStorage
RVBoatStorage
1-Car Garage
Driveway · Off Street · RV Boat Storage · Detached · Oversized
Hardwood Floors
Quality flooring throughout
This home is getting attention
Listed 12 days ago · 2,351 views · 166 saves
Market activity
Demand and pricing signals for this listing
2,351 views
People checking out this listing
166 saves
Buyers have saved this home
12 days on market
Recently listed
$346/sqft
Price per square foot
Selling Soon Prediction
ModerateThis home ranks in the top 31% of listings most likely to go under contract soon, based on market activity and demand signals.
Likelihood score
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About this home
Single Family · Built 1963
Charming, Fully Refreshed Ranch with Shop and Sunroom!This beautifully updated one-level ranch sits on a quiet, oversized .16-acre lot and features fresh interior and exterior paint. The bright interior boasts refinished hardwood floors and a spacious kitchen upgraded with quartz countertops, stainless steel appliances, and new laminate flooring. The home offers a completely renovated full bathroom, three comfortable bedrooms, and a utility room leading to a versatile bonus room or potential fourth bedroom.Designed for both relaxation and utility, the layout includes a sunroom that opens to a fully fenced backyard with a covered back patio. A standout feature is the 20x20 detached shop/oversized garage, which was recently updated with a new metal roof. With energy-efficient vinyl windows and a main house roof replaced in 2017, this move-in-ready home offers modern comfort and exceptional hobby space in one polished package.
Standout features identified
Our analysis highlights fully fenced backyard, refinished hardwood floors, and covered back patio as key attractions of this home.
Estimated monthly payment
Based on current rates
$2,741/month
Principal & Interest$2,169
Property Tax$429
Insurance$143
Down payment20% ($85,800)
3%50%
Est. 6.50% rate · 30yr fixed · $343,200 loan
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At a glance
Key facts and listing details
TypeResidential, Single Family Residence
Year Built1963
HeatingForced Air
CoolingNone
Parking1 Garage space
Lot6,969 sqft
Days on Zillow12 Days
Price/sqft$346
Property
Home typeSingle Family
Sub-typeResidential, Single Family Residence
StyleRanch
ConditionUpdated/Remodeled
Year built1963
Stories1
Systems
HeatingForced Air
CoolingNone
RoofComposition
ConstructionCement Siding, Wood Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingDriveway, Off Street, RV Boat Storage, Detached, Oversized
Garage1 spaces
BasementCrawl Space
FencingFenced
Lot6,969 sqft
Location & Tax
NeighborhoodLewelling
Annual tax$4,051
Parcel00073529
Bathrooms & Fees
Full baths1
Features & details
15 categories of property features
Interior Features
Interior
Quartz
Closet
Appliances
Dishwasher
Disposal
Free-Standing Range
Free-Standing Refrigerator
Microwave
Stainless Steel Appliance(s)
Gas Water Heater
Flooring
Hardwood
Laminate
Heating
Forced Air
Cooling
None
Laundry
Laundry Room
Windows
Double Pane Windows
Vinyl Frames
Accessibility
Garage On Main
Ground Level
Main Floor Bedroom Bath
Minimal Steps
One Level
Utility Room On Main
Accessibility
Exterior Features
Exterior
Yard
Parking
Driveway
Off Street
RV Boat Storage
Detached
Oversized
Construction
Cement Siding
Wood Siding
Patio & Porch
Covered Patio
Lot Features
Level
SqFt 7000 to 9999
Gas
Gas
Other Structures
RVBoatStorage
Room details
5 rooms detailed
Master Bedroom
Main13×10 ft130 sqft
Hardwood FloorsCloset
Bedroom2
Main9×12 ft108 sqft
Hardwood FloorsCloset
Bedroom3
Main9×9 ft81 sqft
Hardwood Floors
Kitchen
Main187 sqft
DishwasherMicrowave
Living Room
Main14×12 ft168 sqft
DisposalHardwood FloorsMicrowaveFree Standing RangeFree Standing RefrigeratorLaminate FlooringQuartz
Listing insights
Market data and value estimates
StatusFor Sale
Days on market12
Tax rate0.83%
Price/sqft$346
On marketMar 20, 2026
PostedMar 20, 2026
Last sold$268,502
MLS statusActive
MLS updatedApr 1, 2026
Tour days9
Views2,351
Favorites166
How are the schools in Milwaukie?
3 schools rated nearby
Location
Milwaukie, OR, 97222
Price history
14 events
DateEventPrice$/sqftSource
Apr 1, 2026Listed For Sale$429,000$346RMLS (OR)
Mar 31, 2026Pending Sale$429,000$346RMLS (OR)
Mar 27, 2026Price Change$429,000$346RMLS (OR)
Mar 24, 2026Pending Sale$419,000$338RMLS (OR)
Mar 20, 2026Listed For Sale$419,000$338RMLS (OR)
Jan 16, 2026Sold$268,502$217Public Record
May 19, 2019Listing Removed$299,000$241Pete Anderson Realty Assoc,Inc
May 9, 2019Listed For Sale$299,000$241Pete Anderson Realty Assoc,Inc
Apr 24, 2019Pending Sale$299,000$241Pete Anderson Realty Assoc,Inc
Apr 23, 2019Price Change$299,000$241Pete Anderson Realty Assoc,Inc
Apr 9, 2019Listed For Sale$309,000$249Pete Anderson Realty Assoc,Inc
Jan 27, 2004Sold$152,450$123Public Record
Jul 31, 2002Sold$131,000$106Public Record
May 22, 2002Sold$121,500$98Public Record
Listed For Sale$429,000
Apr 1, 2026•$346/sqft•RMLS (OR)
Pending Sale$429,000
Mar 31, 2026•$346/sqft•RMLS (OR)
Price Change$429,000
Mar 27, 2026•$346/sqft•RMLS (OR)
Pending Sale$419,000
Mar 24, 2026•$338/sqft•RMLS (OR)
Listed For Sale$419,000
Mar 20, 2026•$338/sqft•RMLS (OR)
Sold$268,502
Jan 16, 2026•$217/sqft•Public Record
Listing Removed$299,000
May 19, 2019•$241/sqft•Pete Anderson Realty Assoc,Inc
Listed For Sale$299,000
May 9, 2019•$241/sqft•Pete Anderson Realty Assoc,Inc
Pending Sale$299,000
Apr 24, 2019•$241/sqft•Pete Anderson Realty Assoc,Inc
Price Change$299,000
Apr 23, 2019•$241/sqft•Pete Anderson Realty Assoc,Inc
Listed For Sale$309,000
Apr 9, 2019•$249/sqft•Pete Anderson Realty Assoc,Inc
Sold$152,450
Jan 27, 2004•$123/sqft•Public Record
Sold$131,000
Jul 31, 2002•$106/sqft•Public Record
Sold$121,500
May 22, 2002•$98/sqft•Public Record
Tax history
26 years of records
YearTax paidAssessed value
Apr 1, 2025$4,052$184,124
Apr 1, 2024$3,913$178,762
Apr 1, 2023$3,803$173,556
Apr 1, 2022$3,613$168,501
Apr 1, 2021$3,487$163,594
Apr 1, 2020$3,379$158,830
Apr 1, 2019$3,328$154,204
Apr 1, 2018$2,959$149,713
Apr 1, 2017$2,959$145,352
Apr 1, 2016$2,778$141,118
Apr 1, 2015$2,778$137,008
Apr 1, 2014$2,646$133,017
Apr 1, 2013$2,448$129,143
Apr 1, 2012$2,388$125,382
Apr 1, 2011$2,366$121,730
Apr 1, 2010$2,242$118,184
Apr 1, 2009$2,219$114,742
Apr 1, 2008$2,100$111,400
Apr 1, 2007$2,041$108,155
Apr 1, 2006$1,819$105,005
Apr 1, 2005$1,807$101,947
Apr 1, 2004$1,734$98,978
Apr 1, 2003$1,700$96,095
Apr 1, 2002$1,650$93,296
Apr 1, 2001$1,621$90,579
Apr 1, 2000$1,620$87,941
Nearby homes
Neighborhood details
Local context around this listing
Milwaukie, OR • Clackamas County
Nearby neighborhoods
ArdenwaldHector CampbellHistoric MilwaukieIsland StationJennings LodgeLake RoadLewellingLinwoodOak GroveOatfield
Nearby cities
CanbyHappy ValleyLake OswegoMilwaukieOregon CitySherwoodTualatinWest Linn
Nearby zip codes
97222972679726897269
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