Located in the community of Scholls, this 5-acre property features a two-bedroom, two-bathroom home with an additional flex space suitable for an office. The residence features a wood stove that adds a touch of warmth and charm, with window views that invite the outdoors in.The land has its own private well (which was drilled below the bedrock), enhancing the self-sustaining potential of the acreage, the grounds are flat and functional with fruit-bearing trees (pears, plums, and apples), space to garden, and a stately willow tree. Access to the Tualatin River is made easy with a neighborhood entry point at Eagles Landing, and the area is complemented by a 1.5-mile walking loop featuring views of Mt. Hood.The property is being sold AS-IS and will likely require cash or alternative financing methods. The lot resides in a 100-year floodplain (although the home has not flooded since the family purchased it in 1970?). Buyers are advised to perform all necessary due diligence before purchasing.Employment, shopping, and more are within 12 or less miles to Newberg, Sherwood, Tualatin, Tigard, Beaverton, Hillsboro and Forest Grove. Potential awaits ~ location, location, location!
Sold
$551,000
25340 SW Rainbow Ln, Hillsboro, OR 97123
2beds
1,820sqft
Residential, Single Family Residence
Built in 1948
5 Acres Lot
$589,300 Zestimate®
$303/sqft
$2,604 Estimated rent
Home value
$589,300
$524,000 - $654,000
$2,604/mo
Zestimate® history
Owner options
List your home for rent
$2,604/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,604/mo
Rent Zestimate®
Refinance and save
$3,302/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,302/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Window viewsWood stoveFruit - bearing treesPrivate well
Zillow last checked:
Listing updated:
Listed by:
Cynthia Murphy 503-803-0239,
MORE Realty
Bought with:
Andrea Guest, 201103120
Keller Williams Realty Professionals
Source: RMLS (OR),MLS#: 24379937
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
Primary bedroom
- Level: Main
- Area: 240
- Dimensions: 20 x 12
Bedroom 2
- Level: Main
- Area: 234
- Dimensions: 18 x 13
Dining room
- Level: Main
- Area: 182
- Dimensions: 14 x 13
Kitchen
- Level: Main
- Area: 132
- Width: 11
Living room
- Level: Main
- Area: 300
- Dimensions: 20 x 15
Office
- Level: Main
- Area: 180
- Dimensions: 15 x 12
Heating
- Baseboard, Wood Stove
Appliances
- Included: Dishwasher, Free-Standing Refrigerator, Electric Water Heater
Features
- Tile
- Flooring: Hardwood, Tile, Vinyl
- Number of fireplaces: 1
- Fireplace features: Stove, Wood Burning
Interior area
- Total structure area: 1,820
- Total interior livable area: 1,820 sqft
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Exterior features: Garden, Yard
- Has view: Yes
- View description: Trees/Woods
Lot
- Size: 5 Acres
- Features: Flood Zone, Level, Trees, Acres 5 to 7
Details
- Parcel number: R564516
- Zoning: AF-5
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Residential, Single Family Residence
Materials
- T111 Siding
- Roof: Composition
Condition
- Fixer
- New construction: No
- Year built: 1948
Utilities & green energy
- Sewer: Septic Tank
- Water: Private, Well
Community & neighborhood
Location
- Region: Hillsboro
Other
Other facts
- Listing terms: Cash,Other,Rehab
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2024 | Sold | $551,000+10.9%$303/sqft |
Source:  RMLS (OR) #24379937 Report a problem | ||
| 4/9/2024 | Pending sale | $497,000$273/sqft |
Source: RMLS (OR) #24379937 Report a problem | ||
| 4/4/2024 | Listed for sale | $497,000+10.5%$273/sqft |
Source: RMLS (OR) #24379937 Report a problem | ||
| 7/25/2023 | Listing removed | -- |
Source: John L Scott Real Estate Report a problem | ||
| 7/18/2023 | Listed for sale | $449,900+511%$247/sqft |
Source: John L Scott Real Estate #23120902 Report a problem | ||
| 10/7/2016 | Sold | $73,630$40/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,335 +1.3% | $251,620 +3% |
| 2024 | $3,291 +2.9% | $244,300 +3% |
| 2023 | $3,198 +2.6% | $237,190 +3% |
| 2022 | $3,116 +1.8% | $230,290 |
| 2021 | $3,060 +2.2% | -- |
| 2020 | $2,996 +3.8% | $217,080 +3% |
| 2019 | $2,885 +3.3% | $210,760 |
| 2018 | $2,793 | $210,760 +6.1% |
| 2017 | $2,793 +9.4% | $198,670 +3% |
| 2016 | $2,554 | $192,890 +3% |
| 2015 | $2,554 +4.5% | $187,280 +3% |
| 2014 | $2,445 +2.5% | $181,830 +3% |
| 2013 | $2,385 +2.8% | $176,540 +3% |
| 2012 | $2,320 +3.7% | $171,400 -48.6% |
| 2011 | $2,237 +1.8% | $333,680 +0.9% |
| 2010 | $2,198 +3.9% | $330,730 -9.7% |
| 2009 | $2,115 +6.9% | $366,330 -13.4% |
| 2008 | $1,979 -4.4% | $422,870 +8% |
| 2007 | $2,070 +27.6% | $391,520 +16.5% |
| 2006 | $1,622 -1% | $336,050 +16.9% |
| 2005 | $1,638 | $287,470 |
Find assessor info on the county website
Neighborhood: 97123
Nearby schools
GreatSchools rating
- 7/10Groner Elementary SchoolGrades: K-8Distance: 0.7 mi
- 4/10Hillsboro High SchoolGrades: 9-12Distance: 5.4 mi
Schools provided by the listing agent
- Elementary: Groner
- Middle: South Meadows
- High: Hillsboro
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$589,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$589,300
- Oregon
- Washington County
- Hillsboro
- 97123
- 25340 SW Rainbow Ln
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Hillsboro Topics
