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    • Listed by: Better Properties UP/Fircrest • Autumn Falk
    Price cut: $20K (4/25)
    $619,950

    120 Rainbow Lane, Packwood, WA 98361

    2beds
    1,208sqft
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    Single Family Residence
    Built in 1982
    0.27 Acres Lot
    $606,300 Zestimate®
    $513/sqft
    $89/mo HOA

    What's special

    Riverfront escapeEvenings watching the sunsetOpen-concept layout
    Welcome to your riverfront escape, a fully furnished, established short-term rental. This 2-bedroom, 1.75-bath home sits on the river, the open-concept layout has a seamless flow perfect for entertaining or unwinding after a day of hiking, or skiing. Step outside onto the deck and take in the sights and sounds of riverfront living. Whether it’s morning coffee with a view or evenings watching the sunset, this space will quickly become a favorite gathering spot. Residents and guests enjoy access to the community clubhouse, pool and golf course. Whether you’re seeking an investment, a weekend escape, or both, this riverfront cabin delivers the best of both worlds.
    97 days
    |
    283
    |
    26
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Autumn Falk,

    Better Properties UP/Fircrest

    Source: NWMLS as distributed by MLS GRID,MLS#: 2505177MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 1
      • 3/4 bathrooms: 1
      • Main level bathrooms: 2
      • Main level bedrooms: 2
      Primary bedroom
      • Level: Main
      Bathroom full
      • Level: Main
      Entry hall
      • Level: Main
      Great room
      • Level: Main
      Kitchen with eating space
      • Level: Main
      Living room
      • Level: Main
      Rec room
      • Level: Main
      Utility room
      • Level: Main
      Heating
      • Fireplace, Ductless, Heat Pump, Electric
      Cooling
      • Ductless, Heat Pump
      Appliances
      • Included: Dishwasher, Double Oven, Dryer, Microwave, Refrigerator, Stove(s)/Range(s), Washer, Dishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s)
      Features
      • Bath Off Primary, Ceiling Fan(s), Dining Room
      • Flooring: Vinyl Plank
      • Basement: None
      • Number of fireplaces: 1
      • Fireplace features: Electric, Main Level: 1, Fireplace
      Interior area
      • Total structure area: 1,208
      • Total interior livable area: 1,208 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Off Street
      Features
      • Levels: One
      • Stories: 1
      • Entry location: Main
      • Patio & porch: Bath Off Primary, Ceiling Fan(s), Dining Room, Fireplace, Walk-In Closet(s)
      • Pool features: Community
      • Has spa: Yes
      • Has view: Yes
      • View description: River, Territorial
      • Has water view: Yes
      • Water view: River
      • Waterfront features: Low Bank, River
      Lot
      • Size: 0.27 Acres
      • Features: Cul-De-Sac, Dead End Street, Paved, Value In Land, Cable TV, Deck, Fenced-Fully, High Speed Internet, Hot Tub/Spa
      • Topography: Level
      • Residential vegetation: Garden Space, Wooded
      Details
      • Parcel number: 009800405000
      • Zoning description: Jurisdiction: County
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: 1 Story
      • Property subtype: Single Family Residence
      Materials
      • Wood Siding
      • Foundation: Poured Concrete
      • Roof: Metal
      Condition
      • Year built: 1982
      • Major remodel year: 1982

      Utilities & green energy

      • Electric: Company: LCPUD
      • Sewer: Septic Tank
      • Water: Community, Shared Well
      • Utilities for property: Astound, Astound

      Community & HOA

      Community
      • Features: CCRs, Clubhouse, Golf, Park, Playground, Trail(s)
      • Subdivision: High Valley
      HOA
      • Services included: See Remarks
      • HOA fee: $89 monthly
      Location
      • Region: Packwood

      Financial & listing details

      • Price per square foot: $513/sqft
      • Tax assessed value: $411,100
      • Annual tax amount: $4,944
      • Date on market: 4/15/2026
      • Cumulative days on market: 91 days
      • Listing terms: Conventional,VA Loan
      • Inclusions: Dishwasher(s), Double Oven, Dryer(s), Microwave(s), Refrigerator(s), Stove(s)/Range(s), Washer(s)

        Estimated market value

        $606,300

        $576,000 - $637,000

        $2,239/mo

        Price history

        DateEventPrice
        5/18/2026Listed for sale$619,950$513/sqft
        Source: NWMLS as distributed by MLS GRID #2505177 Report a problem
        5/13/2026Pending sale$619,950$513/sqft
        Source: NWMLS as distributed by MLS GRID #2505177 Report a problem
        4/25/2026Price change$619,950-3.1%$513/sqft
        Source: NWMLS as distributed by MLS GRID #2505177 Report a problem
        4/9/2026Listed for sale$639,950+6.1%$530/sqft
        Source: NWMLS as distributed by MLS GRID #2505177 Report a problem
        11/4/2022Sold$603,000+0.5%$499/sqft
        Source: NWMLS as distributed by MLS GRID #1953284 Report a problem
        10/3/2022Pending sale$599,900$497/sqft
        Source: NWMLS as distributed by MLS GRID #1953284 Report a problem
        7/14/2022Price change$599,900-6.3%$497/sqft
        Source: NWMLS as distributed by MLS GRID #1953284 Report a problem
        6/16/2022Listed for sale$639,900+392.6%$530/sqft
        Source: NWMLS as distributed by MLS GRID #1953284 Report a problem
        6/6/2017Sold$129,900$108/sqft
        Source: NWMLS as distributed by MLS GRID #1092184 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,252 -34.2%$411,100 -36%
        2024$4,945 +55%$642,400 +37.3%
        2023$3,190 +38.4%$467,900 +84.6%
        2021$2,305 +68%$253,500 +94.4%
        2020$1,372 +7.1%$130,400 +14.5%
        2019$1,280 +5.9%$113,900 +7%
        2018$1,209 $106,400 +15%
        2017$1,209 +14.6%$92,500 +3%
        2016$1,056 -3.5%$89,800 +0.8%
        2015$1,094 -10.5%$89,100 +1%
        2013$1,222 $88,200 -10%
        2011-- $98,000 +10.9%
        2010-- $88,400
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 98361

        Getting around

        0 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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