120 Rainbow Ln Packwood, WA 98361
Estimated payment $3,933/month
Highlights
- Low Bank Waterfront Property
- Spa
- Clubhouse
- Golf Course Community
- River View
- Deck
About This Home
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 a worlds.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2431891
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,944
Year Built
- Built in 1982
Lot Details
- 0.27 Acre Lot
- Low Bank Waterfront Property
- River Front
- Cul-De-Sac
- Street terminates at a dead end
- Property is Fully Fenced
- Level Lot
- Wooded Lot
- Garden
- Value in Land
HOA Fees
- $89 Monthly HOA Fees
Parking
- Off-Street Parking
Property Views
- River
- Territorial
Home Design
- Poured Concrete
- Metal Roof
- Wood Siding
Interior Spaces
- 1,208 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Electric Fireplace
- Dining Room
- Vinyl Plank Flooring
Kitchen
- Double Oven
- Stove
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Walk-In Closet
- Bathroom on Main Level
Laundry
- Dryer
- Washer
Outdoor Features
- Spa
- Deck
Utilities
- Ductless Heating Or Cooling System
- Heat Pump System
- Shared Well
- Septic Tank
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Down Payment Assistance Available
- Visit Down Payment Resource Website
- Legal Lot and Block 16 / 4
- Assessor Parcel Number 009800405000
Community Details
Overview
- High Valley Association
- Packwood Subdivision
- The community has rules related to covenants, conditions, and restrictions
Amenities
- Clubhouse
Recreation
- Golf Course Community
- Community Playground
- Park
- Trails
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,222 | $642,400 | $108,000 | $534,400 |
| 2024 | $3,222 | $467,900 | $77,800 | $390,100 |
| 2023 | $2,714 | $369,400 | $66,700 | $302,700 |
| 2022 | $2,337 | $253,500 | $51,300 | $202,200 |
| 2021 | $1,398 | $253,500 | $51,300 | $202,200 |
| 2020 | $1,306 | $130,400 | $19,000 | $111,400 |
| 2019 | $1,298 | $113,900 | $16,300 | $97,600 |
| 2018 | $1,192 | $106,400 | $14,700 | $91,700 |
| 2017 | $1,056 | $92,500 | $14,700 | $77,800 |
| 2016 | $1,094 | $89,800 | $14,300 | $75,500 |
| 2015 | $1,222 | $89,100 | $15,000 | $74,100 |
| 2013 | $1,222 | $88,200 | $16,700 | $71,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/11/2025 09/11/25 | For Sale | $649,950 | +7.8% | $538 / Sq Ft |
| 11/04/2022 11/04/22 | Sold | $603,000 | +0.5% | $498 / Sq Ft |
| 10/02/2022 10/02/22 | Pending | -- | -- | -- |
| 07/14/2022 07/14/22 | Price Changed | $599,900 | -6.3% | $496 / Sq Ft |
| 06/16/2022 06/16/22 | For Sale | $639,900 | +392.6% | $529 / Sq Ft |
| 06/06/2017 06/06/17 | Sold | $129,900 | 0.0% | $108 / Sq Ft |
| 03/22/2017 03/22/17 | Pending | -- | -- | -- |
| 03/19/2017 03/19/17 | For Sale | $129,900 | -- | $108 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Title Guaranty | |
| Quit Claim Deed | -- | Title Guaranty | |
| Warranty Deed | $129,900 | Title Guaranty |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $403,003 | New Conventional | |
| Previous Owner | $116,910 | New Conventional |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2431891
APN: 009800-405-000
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
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