For Sale202d on market

40235 Rainbow Dr

Scio, OR, 97374 • 97374 • Linn County

$745,000

$431/sqft

-$14,000 since Dec 22, 2025

Down payment assistance available

3Beds

2Baths

1,728Sqft

9.4 acLot

1970Built

Property DNA

3 highlights

Mountain(s) Views

Mountain(s)

Outdoor Living

Covered Deck · Covered Patio

Special Features

Workshop · RV/Boat Storage

This home is getting attention

Listed 202 days ago · 1,333 views · 42 saves

Market activity

Demand and pricing signals for this listing

1,333 views

People checking out this listing

42 saves

Buyers have saved this home

202 days on market

Established listing

$431/sqft

Price per square foot

About this home

Single Family · Built 1970

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!

Standout features identified

Our analysis highlights built-in bookshelves, stunning views, and new kitchen as key attractions of this home.

Estimated monthly payment

Based on current rates

$4,682/month

Principal & Interest$3,688

Property Tax$745

Insurance$248

Down payment20% ($149,000)

3%50%

Est. 6.30% rate · 30yr fixed · $596,000 loan

Full calculator →

At a glance

Key facts and listing details

TypeSingle Family Residence

Year Built1970

HeatingBaseboard

CoolingWindow Unit(s)

ParkingNo Garage, RV Disposal

Lot9.40 Acres

Days on Zillow202 Days

Price/sqft$431

Property

Home typeSingle Family

Sub-typeSingle Family Residence

Year built1970

Stories1

Systems

HeatingBaseboard

CoolingWindow Unit(s)

RoofComposition

ConstructionWood Siding, Lap Siding

Water / SewerWell / Septic Tank

Parking & Outdoor

ParkingNo Garage, RV Disposal

BasementDaylight,Partial

FencingFenced

Lot9.40 Acres

Location & Tax

Neighborhood97374

ZoningRR5

Annual tax$4,351

Parcel00055851

Bathrooms & Fees

Full baths2

Features & details

14 categories of property features

Interior Features

Interior

Den

Appliances

Dishwasher

Disposal

Electric Range

Microwave

Range Included

Electric Water Heater

Flooring

Carpet

Heating

Baseboard

Cooling

Window Unit(s)

Laundry

Main Level

Fireplace

Electric

Family Room

Exterior Features

Exterior

Dark Green

Parking

No Garage

RV Disposal

Construction

Wood Siding

Lap Siding

Patio & Porch

Covered Deck

Covered Patio

Lot Features

Dimension Above

Landscaped

Views

Mountain(s)

Other Structures

Workshop

RV/Boat Storage

Room details

7 rooms detailed

Master Bedroom

Main

Bedroom2

Main

Bedroom3

Main

Dining Room

Main

Area (Combination)

Family Room

Main

Kitchen

Main

Listing insights

Market data and value estimates

StatusFor Sale

Days on market202

Est. value$738,900

Est. rent$2,389/mo

Tax rate0.86%

Price/sqft$431

On marketSep 5, 2025

PostedSep 5, 2025

Last sold$280,000

MLS updatedDec 22, 2025

Tour days9

Favorites42

How are the schools in Scio?

2 schools rated nearby

Lacomb School

Elementary • Public • K-8

4.0 mi

Lebanon High School

High • Public • 9-12

8.8 mi

Location

Scio, OR, 97374

Expand map

Price history

16 events

DateEventPrice$/sqftSource

Dec 22, 2025Price Change$745,000$431WVMLS

Sep 5, 2025Listed For Sale$759,000$439WVMLS

Feb 2, 2012Sold$280,000$162RMLS (OR)

Nov 1, 2011Price Change$298,000$172Keller Williams Realty Mid-Willamette

Sep 30, 2011Price Change$325,000$188Keller Williams Realty Mid-Willamette

Aug 27, 2011Price Change$330,000$191Keller Williams Realty Mid-Willamette

Aug 4, 2011Price Change$335,000$194Keller Williams Realty Mid-Willamette

Jul 13, 2011Price Change$340,000$197Keller Williams Realty Mid-Willamette

Apr 22, 2011Price Change$345,000$200Keller Williams Realty Mid-Willamette

Apr 1, 2011Price Change$350,000$203Keller Williams Realty Mid-Willamette

Jan 12, 2011Price Change$359,000$208Keller Williams Realty Mid-Willamette

Aug 7, 2010Price Change$368,000$213Keller Williams Realty Mid-Willamette

Jul 18, 2010Price Change$378,000$219Keller Williams Realty Mid-Willamette

Jun 5, 2010Price Change$380,000$220Keller Williams Realty Mid-Willamette

Mar 26, 2010Price Change$385,000$223Keller Williams Realty Mid-Willamette

Jan 16, 2010Listed For Sale$390,000$226Keller Williams Realty Mid-Willamette

Price Change$745,000

Dec 22, 2025•$431/sqft•WVMLS

Listed For Sale$759,000

Sep 5, 2025•$439/sqft•WVMLS

Sold$280,000

Feb 2, 2012•$162/sqft•RMLS (OR)

Price Change$298,000

Nov 1, 2011•$172/sqft•Keller Williams Realty Mid-Willamette

Price Change$325,000

Sep 30, 2011•$188/sqft•Keller Williams Realty Mid-Willamette

Price Change$330,000

Aug 27, 2011•$191/sqft•Keller Williams Realty Mid-Willamette

Price Change$335,000

Aug 4, 2011•$194/sqft•Keller Williams Realty Mid-Willamette

Price Change$340,000

Jul 13, 2011•$197/sqft•Keller Williams Realty Mid-Willamette

Price Change$345,000

Apr 22, 2011•$200/sqft•Keller Williams Realty Mid-Willamette

Price Change$350,000

Apr 1, 2011•$203/sqft•Keller Williams Realty Mid-Willamette

Price Change$359,000

Jan 12, 2011•$208/sqft•Keller Williams Realty Mid-Willamette

Price Change$368,000

Aug 7, 2010•$213/sqft•Keller Williams Realty Mid-Willamette

Price Change$378,000

Jul 18, 2010•$219/sqft•Keller Williams Realty Mid-Willamette

Price Change$380,000

Jun 5, 2010•$220/sqft•Keller Williams Realty Mid-Willamette

Price Change$385,000

Mar 26, 2010•$223/sqft•Keller Williams Realty Mid-Willamette

Listed For Sale$390,000

Jan 16, 2010•$226/sqft•Keller Williams Realty Mid-Willamette

Tax history

25 years of records

YearTax paidAssessed value

Mar 27, 2024$4,350$312,620

Mar 27, 2023$4,234$303,520

Mar 27, 2022$4,144$294,680

Mar 27, 2021—$286,100

Mar 27, 2020$3,918$277,770

Mar 27, 2019$3,847$269,680

Mar 27, 2018$7,460$261,830

Mar 27, 2017$7,460$254,210

Mar 27, 2016$3,674$246,810

Mar 27, 2015$3,591$239,630

Mar 27, 2014$3,471$232,660

Mar 27, 2013$2,045$142,790

Mar 27, 2012$199$138,640

Mar 27, 2011$1,655$134,614

Mar 27, 2010$2,879$218,470

Mar 27, 2009$2,726$212,112

Mar 27, 2008$2,726$205,934

Mar 27, 2007$2,671$199,937

Mar 27, 2006$2,581$194,115

Mar 27, 2005$2,519$188,462

Mar 27, 2004$2,539$182,973

Mar 27, 2003$2,387$177,645

Mar 27, 2002$2,181$172,472

Mar 27, 2001—$167,449

Mar 27, 2000—$162,572

Nearby homes

Off Market

$510,700

3 bd2 ba1,512 sqft

40220 Rainbow Dr, Scio, OR

Off Market

$81,890

3 bd2 ba1,512 sqft

40220 Rainbow Dr, Scio, OR

Off Market

$545,200

40259 Rainbow Dr, Scio, OR

Off Market

$796,500

4 bd3 ba2,200 sqft

40254 Rainbow Dr, Scio, OR

Off Market

$23,650

4 bd3 ba2,200 sqft

40254 Rainbow Dr, Scio, OR

Off Market

$331,500

2 bd2 ba924 sqft

40169 Rainbow Dr, Scio, OR

Off Market

$170,100

2 bd2 ba924 sqft

40169 Rainbow Dr, Scio, OR

Off Market

$301,300

3 bd1 ba1,024 sqft

40146 Rainbow Dr, Scio, OR

Neighborhood details

Local context around this listing

Scio, OR • Linn County

Nearby cities

AlbanyBrownsvilleHalseyHarrisburgLebanonLyonsScioSisters

Nearby zip codes

97374

Similar homes

For Sale

$900,000

4 bd2 ba2,200 sqft

37929 Kelly Rd, Scio, OR

For Sale

$709,900

3 bd1 ba1,171 sqft

34931 Meridian Rd, Lebanon, OR

For Sale

$775,000

3 bd2 ba1,994 sqft

32117 Bellinger Scale Rd, Lebanon, OR

For Sale

$679,995

3 bd2 ba1,388 sqft

38115 Scravel Hill Rd, Albany, OR

For Sale

$775,000

3 bd3 ba2,209 sqft

37840 E Grant St, Lebanon, OR

For Sale

$770,000

3 bd2 ba2,067 sqft

34501 Knox Butte Rd E, Albany, OR

For Sale

$789,000

3 bd2 ba1,660 sqft

30596 Horseshoe Dr SW, Albany, OR

For Sale

$799,000

4 bd3 ba2,390 sqft

42002 Cut Off Dr, Lebanon, OR

38979 Sodaville Waterloo Dr, Lebanon, OR

For Sale

$700,000

4 bd3 ba1,974 sqft

38979 Sodaville Waterloo Dr, Lebanon, OR

For Sale

$699,900

3 bd2 ba2,046 sqft

1253 Highland Ct, Stayton, OR

For Sale

$650,000

3 bd2 ba1,980 sqft

37502 Agate Dr, Lebanon, OR

For Sale

$485,000

3 bd2 ba1,344 sqft

28826 Berlin Rd, Sweet Home, OR

For Sale

$609,000

4 bd3 ba2,235 sqft

312 SW Cascade Meadow Dr, Sublimity, OR

For Sale

$685,000

3 bd2 ba1,188 sqft

32981 Mount Pleasant Rd, Lebanon, OR

For Sale

$824,900

5 bd3 ba2,368 sqft

37570 Rock Hill Dr, Lebanon, OR

For Sale

$585,000

3 bd3 ba2,084 sqft

523 NW Harold St, Sublimity, OR

For Sale

$704,900

3 bd2 ba1,631 sqft

2555 NW Squire Pl, Albany, OR

For Sale

$750,000

3 bd2 ba2,069 sqft

45849 River Loop Rd, Lyons, OR

For Sale

$875,000

3 bd2 ba2,320 sqft

6343 Mill Creek Rd SE, Turner, OR

For Sale

$660,000

3 bd3 ba2,562 sqft

2504 Laura Vista Dr NW, Albany, OR

Tour This Home

Available dates

Select a time

Mar 27, 2026

High demand — 1,333 people viewed this listing. Tours fill up fast.

No obligation · Same-day confirmation · Takes 30 seconds

Need a different time? Request custom scheduling

Have a Question?

Get details on this property, the neighborhood, or the buying process.

Ask About This Property

We typically respond within a few hours

Download property brochure

Photos, details & neighborhood info in one PDF

Get brochure

Free · No sign-up required

Get pre-approved

Know your budget & strengthen your offer

Check eligibility

Down Payment Assistance

Learn how to qualify

Value estimates

Live

Est. value$738,900

Est. rent$2,389/mo

30yr rate est.6.30%

Affordability$4,502/mo

Accepted financing

CashConventionalVA LoanFHAODVAUSDA Loan

Own a home nearby?

See what it's worth in today's market

Get estimate

Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.

Schedule Tour Ask

No obligation · Same-day response