For sale

$124,000

1727 Rainbow Dr, Longview, TX 75604

3beds

1,304sqft

$1,098/mo

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Single Family Residence

Built in 1960

0.36 Acres Lot

$172,900 Zestimate^®

$95/sqft

$-- HOA

What's special

Newer windowsCorner lotFenced backyardMetal roof

Value-add opportunity in Pine Tree ISD! Located on a corner lot at Rainbow Drive and Reel Road in Longview, this property offers a solid opportunity for investors, renovators, or buyers looking to create additional value. The main home features 2 bedrooms and 1 bathroom, with the converted garage providing an additional bedroom and full bathroom, creating flexible space and added functionality. Several improvements are already in place, including a metal roof and newer windows, giving the next owner a great starting point for updates. The property also features a fenced backyard and two outbuildings measuring approximately 12' x 20' and 8' x 8', offering valuable storage or workshop space. With its Pine Tree ISD location, corner lot, additional living space, and improvement potential, this property has the ingredients for an appealing renovation, rental, or resale opportunity. Bring your ideas and take advantage of the potential this property has to offer.

2 days
267
18

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: Other/See Remarks

Heating

Central Gas

Cooling

Central Gas

Appliances

Included: Gas Range/Oven, Gas Water Heater

Features

Has fireplace: No
Fireplace features: None

Interior area

Total interior livable area: 1,304 sqft

Property

Parking

Parking features: No Garage, None, Concrete
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Pool features: None
Fencing: Chain Link

Lot

Size: 0.36 Acres

Details

Additional structures: Storage, Workshop
Parcel number: 44962

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Brick and Wood
Foundation: Slab
Roof: Aluminum/Metal

Condition

Year built: 1960

Utilities & green energy

Gas: Natural Gas
Sewer: Public Sewer
Water: City
Utilities for property: Electricity Available, Natural Gas Available

Community & HOA

Location

Region: Longview

Financial & listing details

Price per square foot: $95/sqft
Tax assessed value: $176,420
Annual tax amount: $3,562
Price range: $124K - $124K
Date on market: 10/10/2026
Listing terms: Cash,FHA,Conventional
Exclusions: Personal Property

Estimated market value

$172,900

$150,000 - $192,000

$1,403/mo

Price history

Date	Event	Price
10/10/2026	Listed for sale	$124,000$95/sqft
Source: LGVBOARD #20267116 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,253 +12.4%	$167,067 +10%
2024	$1,114 -65.8%	$151,879 -12.5%
2023	$3,259 +201.7%	$173,610 +38.3%
2022	$1,080 +11.4%	$125,520 +10.8%
2021	$970 +7.7%	$113,270 +3.3%
2020	$901 +0.4%	$109,660 +0.4%
2019	$897 +8.3%	$109,180 +1.8%
2018	$828 -1.1%	$107,250 -1.1%
2017	$838 -1%	$108,490 -1%
2016	$846 -1.1%	$109,560 -1.1%
2015	$856	$110,790 +8.7%
2014	--	$101,930 -0.6%
2013	--	$102,510 +1%
2012	--	$101,460 +0.2%
2011	--	$101,230 +3.6%
2010	--	$97,700 +0.1%
2009	--	$97,620 +5.9%
2008	--	$92,200 +9.5%
2007	--	$84,210 +6.7%
2006	--	$78,930 +5.3%
2005	--	$74,990 +3.1%
2004	--	$72,770 +16.2%
2003	--	$62,640 +5.1%
2002	--	$59,620 +2.5%
2001	--	$58,140 +3.6%
2000	--	$56,120