12974 Rainbow Dr Truckee, CA 96161
Prosser Lakeview NeighborhoodEstimated payment $5,143/month
Highlights
- Mountain View
- Chalet
- Vaulted Ceiling
- Glenshire Elementary School Rated A
- Wood Burning Stove
- Great Room
About This Home
* Chalet Charm in Prosser Lakeview * Welcome to 12974 Rainbow Drive, a comfortable chalet nestled in the desirable Prosser Lakeview Estates. This three-bedroom, two-and-a-half bath home offers a rare combination of character, space, and setting — perfect for year-round living or a timeless Tahoe getaway. Inside, the home reveals a playful mix of vintage charm and newer updates. Two distinct living areas provide room to gather or unwind, each with views of the large yard and naturalized landscaping. The rear great room overlooks a spacious, flat, fenced backyard highlighted by mature trees and plantings — a serene space for gardeners or those seeking privacy and quiet. The galley-style kitchen features newer stainless appliances, a cheerful breakfast nook, and direct access to both the backyard and the detached two-car garage, making indoor-outdoor living effortless. Upstairs are the three bedrooms and two full baths, including a generous primary suite with vaulted ceilings, a full en-suite bath, and a private balcony — think morning coffee among the pines. Outdoor spaces include a blend of patio and deck areas designed for relaxing or entertaining, along with two versatile storage sheds for tools, gear, or Tahoe toys. Located just minutes from downtown Truckee and close to your favorite ski resorts, the home also sits just one mile from Prosser Reservoir—where locals enjoy paddleboarding, kayaking, fishing, and hiking. Nearby trail access from the neighborhood to the Emigrant Trail system makes biking and outdoor recreation a part of daily life. Whether you're seeking a base camp for everyday adventures or a serene mountain retreat, this classic Tahoe chalet offers timeless charm and the opportunity to personalize it to your style.
Listing Agent
Sierra Sotheby's Int Realty TC License #02042346 Listed on: 06/24/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,433
Year Built
- Built in 1973
Lot Details
- 10,019 Sq Ft Lot
- Level Lot
Home Design
- Chalet
- Composition Roof
- Wood Siding
Interior Spaces
- 1,440 Sq Ft Home
- 2-Story Property
- Furniture Can Be Negotiated
- Vaulted Ceiling
- Wood Burning Stove
- Free Standing Fireplace
- Great Room
- Vinyl Flooring
- Mountain Views
- Surveillance System
Kitchen
- Breakfast Area or Nook
- Oven
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 2.5 Bathrooms
Laundry
- Laundry in Hall
- Dryer
- Washer
Parking
- 2 Car Detached Garage
- Garage Door Opener
Additional Features
- Multiple Outdoor Decks
- Septic System
Community Details
- Truckee Community
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 | $9,433 | $824,670 | $149,940 | $674,730 |
| 2024 | $9,586 | $808,500 | $147,000 | $661,500 |
| 2023 | $9,586 | $808,500 | $147,000 | $661,500 |
| 2022 | $8,799 | $750,000 | $115,000 | $635,000 |
| 2021 | $4,353 | $367,770 | $118,210 | $249,560 |
| 2020 | $4,329 | $364,000 | $116,998 | $247,002 |
| 2019 | $4,324 | $356,863 | $114,704 | $242,159 |
| 2018 | $4,164 | $349,866 | $112,455 | $237,411 |
| 2017 | $3,706 | $311,000 | $100,000 | $211,000 |
| 2016 | $3,589 | $296,700 | $95,700 | $201,000 |
| 2015 | $3,484 | $290,800 | $93,800 | $197,000 |
| 2014 | $3,143 | $267,100 | $86,100 | $181,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/06/2025 09/06/25 | Pending | -- | -- | -- |
| 09/02/2025 09/02/25 | Price Changed | $825,000 | -1.2% | $573 / Sq Ft |
| 06/24/2025 06/24/25 | For Sale | $835,000 | +11.3% | $580 / Sq Ft |
| 07/13/2021 07/13/21 | Sold | $750,000 | 0.0% | $521 / Sq Ft |
| 06/01/2021 06/01/21 | Pending | -- | -- | -- |
| 05/26/2021 05/26/21 | For Sale | $749,900 | -- | $521 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | $825,000 | Fidelity National Title | |
| Grant Deed | $750,000 | Placer Title Company | |
| Grant Deed | $280,000 | Fidelity National Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $375,000 | New Conventional | |
| Previous Owner | $195,800 | New Conventional | |
| Previous Owner | $36,000 | Credit Line Revolving | |
| Previous Owner | $250,000 | Purchase Money Mortgage | |
| Previous Owner | $90,000 | Unknown |
Source: Tahoe Sierra Board of REALTORS®
MLS Number: 20251773
APN: 016-520-024-000
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