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Sold for $599,000
    • $599,000

    4238 E RAINBOW Drive, Gilbert, AZ 85297

    5beds
    2,520sqft
    Single Family Residence
    Built in 2003
    7,769 Square Feet Lot
    $600,700 Zestimate®
    $238/sqft
    $2,950 Estimated rent

    Home value

    $600,700

    $553,000 - $655,000

    $2,950/mo

    Zestimate® history
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    What's special

    Brand-new turfBuilt-in bbqBeautiful curb appealResort-style outdoor oasis
    This stunning 5-bedroom, 3-bathroom corner lot home is nestled in the highly sought-after Power Ranch community in Gilbert! Thoughtfully designed and move-in ready, this home offers the perfect blend of comfort, style, and resort-style living. The exterior was painted in 2023, adding to the home's beautiful curb appeal from the moment you arrive. Step inside and you'll immediately feel the space and warmth this home has to offer, with a functional layout ideal for everyday living and entertaining. A full bedroom and bathroom on the main level provides flexibility for guests, a home office, or a private space for extended family. The real showstopper is the backyard. Designed for those who love to entertain and unwind, this resort-style outdoor oasis features a sparkling Pebble-Tec pool with a heater, brand-new turf, an extended covered patio perfect for outdoor dining, a built-in BBQ, and mature citrus trees that add beauty and charm year-round. The desirable north/south exposure helps keep the outdoor space comfortable and enjoyable. The home also comes with a transferable home warranty good through May 2027, which includes pool and HVAC maintenance for added peace of mind. As a Power Ranch resident, you'll enjoy access to two resort-style pools, two clubhouses, over 26 miles of scenic trails, catch-and-release fishing lakes, 25 pocket parks, basketball, volleyball, soccer and baseball fields, plus a packed community events calendar featuring farmers markets, movie nights, food truck events, and holiday celebrations. Top-rated Higley Unified School District schools are located right within the community, with easy access to SanTan Village, Loop 202, and Gilbert Gateway Towne Center. This one truly has it all!

    Zillow last checked:

    Listing updated:

    Listed by:

    Cristina A Pulido 714-418-8110,

    Real Broker,

    Shannon Gillette 480-518-6885,

    Real Broker

    Bought with:

    Robert A Hastings, SA683621000

    HomeSmart

    Source: ARMLS,MLS#: 7046893MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Natural Gas
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Water Softener Owned, Gas Stub for Range, Built-in Microwave, Dishwasher, Gas Range, Gas Oven, Gas Cooktop
    • Laundry: Inside, See Remarks
    Features
    • High Speed Internet, Double Vanity, Upstairs, Eat-in Kitchen, 9+ Flat Ceilings, Vaulted Ceiling(s), Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub, Laminate Counters
    • Flooring: Carpet, Tile, Wood
    • Windows: Solar Screens, Double Pane Windows
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 2,520
    • Total interior livable area: 2,520 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Tandem Garage, Garage Door Opener, Direct Access, Attch'd Gar Cabinets, Temp Controlled
    • Garage spaces: 3
    • Uncovered spaces: 2
    Features
    • Stories: 2
    • Patio & porch: Covered, Patio
    • Exterior features: Balcony, Built-in Barbecue
    • Has private pool: Yes
    • Pool features: Play Pool
    • Spa features: None, Bath
    • Fencing: Block
    Lot
    • Size: 7,769 Square Feet
    • Features: North/South Exposure, Corner Lot, Gravel/Stone Front, Gravel/Stone Back, Synthetic Grass Back
    Details
    • Parcel number: 31301865

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Stucco, Wood Frame, Painted
    • Roof: Tile
    Condition
    • Year built: 2003
    Details
    • Builder name: Standard Pacific

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: City Water

    Community & HOA

    Community
    • Features: Pool, Pickleball, Lake, Community Spa, Community Spa Htd, Tennis Court(s), Playground, Biking/Walking Path
    • Subdivision: POWER RANCH
    HOA
    • Has HOA: Yes
    • Services included: Maintenance Grounds
    • HOA fee: $402 quarterly
    • HOA name: CCMC
    • HOA phone: 480-921-7500
    Location
    • Region: Gilbert

    Financial & listing details

    • Price per square foot: $238/sqft
    • Tax assessed value: $506,700
    • Annual tax amount: $2,042
    • Date on market: 7/20/2026
    • Cumulative days on market: 10 days
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    7/29/2026Sold$599,000$238/sqft
    Source: ARMLS #7046893 Report a problem
    7/6/2026Pending sale$599,000$238/sqft
    Source: ARMLS #7046893 Report a problem
    7/1/2026Price change$599,000-1.8%$238/sqft
    Source: ARMLS #7046893 Report a problem
    6/26/2026Listed for sale$610,000+82.1%$242/sqft
    Source: ARMLS #7046893 Report a problem
    6/14/2016Sold$335,000-4.3%$133/sqft
    Source: ARMLS #5431089 Report a problem
    5/10/2016Listed for sale$349,900$139/sqft
    Source: Keller Williams Integrity First #5431089 Report a problem
    4/26/2016Pending sale$349,900$139/sqft
    Source: Keller Williams Integrity First #5431089 Report a problem
    4/20/2016Listed for sale$349,900+37.2%$139/sqft
    Source: Keller Williams Integrity First #5431089 Report a problem
    11/4/2014Sold$255,000-1.9%$101/sqft
    Source: Public Record Report a problem
    6/12/2014Listing removed$260,000$103/sqft
    Source: Keller Williams Realty Biltmore Partners #5115353 Report a problem
    5/15/2014Listed for sale$260,000+21.9%$103/sqft
    Source: Keller Williams Realty Biltmore Partners #5115353 Report a problem
    7/30/2003Sold$213,369$85/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,996 -6.5%$50,670 -6.8%
    2024$2,134 -0.6%$54,380 +117.4%
    2023$2,147 +2.6%$25,017 -26.6%
    2022$2,092 -4.8%$34,060 +9.3%
    2021$2,198 +3.3%$31,150 +4.8%
    2020$2,128 +3.7%$29,710 +9.6%
    2019$2,053 $27,110 +5%
    2018$2,053 +3.8%$25,820 +5.3%
    2017$1,978 +12.6%$24,520 +3.3%
    2016$1,756 +0.9%$23,730 +11.1%
    2015$1,741 $21,350 +26%
    2014-- $16,950 +15.6%
    2013-- $14,660 -6.4%
    2012-- $15,670 -7.1%
    2011-- $16,860 -18.6%
    2010-- $20,710 -19.6%
    2009-- $25,760 -10.9%
    2008-- $28,900 +7%
    2007-- $27,000 +55.2%
    2006-- $17,400
    2005-- $17,400 +105.2%
    2004-- $8,480 +158.5%
    2003-- $3,280
    2002-- $3,280
    Find assessor info on the county website

    Neighborhood: Power Ranch

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Power Ranch Elementary
    • Middle: Sossaman Middle School
    • High: Higley High School
    • District: Higley Unified School District

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

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    Estimated market value
    $600,700
    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
    $600,700

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