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For sale
    • Listed by: Real Broker • BILLY SCOTT • Contact: Cell: 541-619-1632
    Price cut: $30K (7/28)
    $635,000

    40235 Rainbow Dr, Scio, OR 97374

    3beds
    1,728sqft
    : 
    $4,331/mo
    Get pre-qualified
    Single Family Residence
    Built in 1970
    9.4 Acres Lot
    $635,900 Zestimate®
    $367/sqft
    $-- HOA

    What's special

    Covered deckFully updated kitchenUpdated pex plumbingFully fenced and landscapedPartially finished basementBuilt in bookshelvesNew vinyl plank flooring
    Fully updated single story home and horse property on 9.4 acres of pasture, offering 3 bedrooms, 2 bathrooms, and 1,728 sqft with a partially finished basement. Recent updates include new roof, new interior and exterior paint, new vinyl plank flooring, new carpet, and fully updated kitchen and bathrooms. Interior features include built in bookshelves, a large laundry room, and a electric fireplace in the living room. Step outside to a covered deck and wrap around porch with beautiful views, perfect for enjoying peaceful country surroundings. The property includes a 60x36 insulated shop and barn, is fully fenced and landscaped, and offers plenty of room for animals, hobbies, and RV or boat storage. Additional upgrades include updated PEX plumbing and a 1500+ gallon water tank. A great opportunity for turnkey country living just minutes from town. Schedule your showing today!
    117 days
    |
    824
    |
    38
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    BILLY SCOTT Cell:541-619-1632,

    Real Broker,

    LAUREN JOINES,

    Real Broker

    Source: WVMLS,MLS#: 840108MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      Primary bedroom
      • Level: Main
      Dining room
      • Features: Area (Combination)
      Kitchen
      • Level: Main
      Living room
      • Level: Main
      Heating
      • Baseboard
      Cooling
      • Window Unit(s)
      Appliances
      • Included: Dishwasher, Disposal, Electric Range, Microwave, Range Included, Electric Water Heater
      Features
      • Den
      • Flooring: Carpet
      • Basement: Daylight,Partial
      • Has fireplace: Yes
      • Fireplace features: Electric, Family Room
      Interior area
      • Total structure area: 1,728
      • Total interior livable area: 1,728 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: No Garage
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Covered Deck, Covered Patio
      • Fencing: Fenced
      • Has view: Yes
      • View description: Mountain(s)
      Lot
      • Size: 9.4 Acres
      • Features: Dimension Above, Landscaped
      Details
      • Additional structures: Barn(s), RV/Boat Storage
      • Parcel number: 00055851
      • Zoning: RR5

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Wood Siding, Lap Siding
      • Foundation: Continuous
      • Roof: Composition
      Condition
      • New construction: No
      • Year built: 1970

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Scio

      Financial & listing details

      • Price per square foot: $367/sqft
      • Tax assessed value: $715,310
      • Annual tax amount: $4,556
      • Price range: $635K - $635K
      • Date on market: 4/30/2026
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional,VA Loan,USDA Loan

        Estimated market value

        $635,900

        $604,000 - $668,000

        $2,369/mo

        Price history

        DateEventPrice
        7/28/2026Price change$635,000-4.5%$367/sqft
        Source: WVMLS #840108 Report a problem
        7/8/2026Price change$665,000-2.9%$385/sqft
        Source: WVMLS #840108 Report a problem
        6/12/2026Price change$685,000-2.1%$396/sqft
        Source: WVMLS #840108 Report a problem
        5/29/2026Listed for sale$699,999$405/sqft
        Source: RMLS (OR) #642460667 Report a problem
        5/20/2026Pending sale$699,999$405/sqft
        Source: RMLS (OR) #642460667 Report a problem
        5/20/2026Contingent$699,999$405/sqft
        Source: WVMLS #840108 Report a problem
        5/15/2026Listed for sale$699,999$405/sqft
        Source: WVMLS #840108 Report a problem
        5/6/2026Contingent$699,999$405/sqft
        Source: WVMLS #840108 Report a problem
        5/6/2026Pending sale$699,999$405/sqft
        Source: RMLS (OR) #642460667 Report a problem
        4/30/2026Listed for sale$699,999-6%$405/sqft
        Source: WVMLS #840108 Report a problem
        4/2/2026Listing removed$745,000$431/sqft
        Source: eXp Realty #833333 Report a problem
        12/22/2025Price change$745,000-1.8%$431/sqft
        Source: WVMLS #833333 Report a problem
        9/5/2025Listed for sale$759,000+171.1%$439/sqft
        Source: WVMLS #833333 Report a problem
        2/2/2012Sold$280,000-6%$162/sqft
        Source: RMLS (OR) #10004431 Report a problem
        11/1/2011Price change$298,000-8.3%$172/sqft
        Source: Keller Williams Realty Mid-Willamette #630033 Report a problem
        9/30/2011Price change$325,000-1.5%$188/sqft
        Source: Keller Williams Realty Mid-Willamette #630033 Report a problem
        8/27/2011Price change$330,000-1.5%$191/sqft
        Source: Keller Williams Realty Mid-Willamette #630033 Report a problem
        8/4/2011Price change$335,000-1.5%$194/sqft
        Source: Keller Williams Realty Mid-Willamette #630033 Report a problem
        7/13/2011Price change$340,000-1.4%$197/sqft
        Source: Keller Williams Realty Mid-Willamette #630033 Report a problem
        4/22/2011Price change$345,000-1.4%$200/sqft
        Source: Keller Williams Realty Mid-Willamette #630033 Report a problem
        4/1/2011Price change$350,000-2.5%$203/sqft
        Source: Keller Williams Realty Mid-Willamette #630033 Report a problem
        1/12/2011Price change$359,000-2.4%$208/sqft
        Source: Keller Williams Realty Mid-Willamette #630033 Report a problem
        8/7/2010Price change$368,000-2.6%$213/sqft
        Source: Keller Williams Realty Mid-Willamette #630033 Report a problem
        7/18/2010Price change$378,000-0.5%$219/sqft
        Source: Keller Williams Realty Mid-Willamette #630033 Report a problem
        6/5/2010Listed for sale$380,000$220/sqft
        Source: Keller Williams Realty Mid-Willamette #630033 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,557 +4.7%$328,960 +5.2%
        2024$4,350 +2.8%$312,620 +3%
        2023$4,234 +2.2%$303,520 +3%
        2022$4,144 $294,680 +3%
        2021-- $286,100 +3%
        2020$3,918 +1.8%$277,770 +3%
        2019$3,847 -48.4%$269,680 +3%
        2018$7,460 $261,830 +3%
        2017$7,460 +103%$254,210 +3%
        2016$3,674 +2.3%$246,810 +3%
        2015$3,591 +3.4%$239,630 +3%
        2014$3,471 +69.7%$232,660 +62.9%
        2013$2,045 +927.9%$142,790 +3%
        2012$199 -88%$138,640 +3%
        2011$1,655 -42.5%$134,614 -38.4%
        2010$2,879 +5.6%$218,470 +3%
        2009$2,726 $212,112 +3%
        2008$2,726 +2.1%$205,934 +3%
        2007$2,671 +3.5%$199,937 +3%
        2006$2,581 +2.5%$194,115 +3%
        2005$2,519 -0.8%$188,462 +3%
        2004$2,539 +6.4%$182,973 +3%
        2003$2,387 +9.5%$177,645 +3%
        2002$2,181 $172,472 +3%
        2001-- $167,449 +3%
        2000-- $162,572
        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.
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        Climate risks

        Neighborhood: 97374

        Getting around

        0 / 100
        Car-Dependent
        6 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Centennial
        • Middle: Scio
        • High: Scio

        Source: WVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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