$699,999

25480 SW Rainbow Ln Hillsboro, OR 97123

Estimated payment $3,982/month

Total Views 359
5.92 Acres
$118,243 Price per Acre
257,875 Sq Ft Lot

Highlights

  • Popular Property
  • No HOA
  • Garage
  • River Front
  • Separate Outdoor Workshop
  • Level Lot

About This Lot

Nestled along the Tualatin River, this 5+ acre property includes two tax lots (second one on the other side of Rainbow Ln.) and offers a rare mix of functionality and tons of potential. Currently operating as a nursery, it features a level lot with a full irrigation system and an agreement for water usage directly from the Tualatin river. The single-level home is ready for your updates, or you could use the existing foundation as a starting point to build your dream home! A large outbuilding provides ample storage for tools, equipment, or recreational toys. Whether you’re looking for land to grow or start your own business, level acreage to build a custom home, or both, this property delivers versatility in a prime setting. Schedule a visit today!

Listing Agent

Alex Johnson

Keller Williams PDX Central License #201245580 Listed on: 09/04/2025

Keller Williams PDX Central

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,359

Lot Details

  • 5.92 Acre Lot
  • River Front
  • Dirt Road
  • Level Lot
  • Property is zoned AF-5

Parking

  • Garage

Home Design

  • Mixed Use

Schools

  • Groner Elementary School
  • South Meadows Middle School
  • Hillsboro High School

Utilities

  • Well
  • Septic Tank

Additional Features

  • Residence on Property
  • Flood Zone Lot

Listing and Financial Details

  • Assessor Parcel Number R564482

Community Details

Overview

  • No Home Owners Association

Recreation

  • Separate Outdoor Workshop

Property Details

Property Type

Land

Est. Annual Taxes

$2,359

Lot Details

0

Listing Details

  • Standard Status: Active
  • MLS Status: Active
  • Property Type: Land
  • Property Sub Type: MixedUse
  • Property Attached Yn: No
  • Open House: No
  • Special Features: None

Interior Features

  • Lot Size Range: Acres5to7

Exterior Features

  • Lot Size: 5 to 6.99 Acres
  • Waterfront: Yes
  • View: No
  • Lot Features: FloodZone, PublicRoad
  • Road Surface Type: Dirt, Gravel
  • Water Body Name: Tualatin River
  • Waterfront Features: RiverFront
  • Other Structures: Foundation, Garage, NoValue, Residence, Workshop

Garage/Parking

  • Attached Garage: No

Utilities

  • Utilities: SepticTank, Well
  • Cooling Y N: No
  • Heating Yn: No

Association/Amenities

  • Existing Structures: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Groner
  • High School: Hillsboro
  • Middle Or Junior School: South Meadows

Lot Info

  • Zoning: AF-5
  • Present Use: Agricultural
  • Land Description: Level
  • Land Lease: No
  • Lot Size Acres: 5.92
  • Lot Size Sq Ft: 257875.0
  • Parcel #: R564482
  • Assessor Parcel Number 2: R564810

Green Features

  • Green Certification: No

Rental Info

  • Availability: Sale

Tax Info

  • Tax Deferral Desc: Farm
  • Tax Deferral: Yes
  • Tax Annual Amount: 2359.37

Map

Range of Values:

Collateral Analytics

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $2,359 $180,160 -- --
2024 $2,293 $175,140 -- --
2023 $2,293 $169,830 $0 $0
2022 $2,234 $169,830 $0 $0
2021 $2,194 $160,290 $0 $0
2020 $2,148 $155,630 $0 $0
2019 $2,069 $151,110 $0 $0
2018 $2,003 $146,710 $0 $0
2017 $1,935 $142,430 $0 $0
2016 $1,831 $138,290 $0 $0
2015 $1,753 $134,270 $0 $0
2014 $1,745 $130,360 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2025 09/04/25 For Sale $699,999 -- --
Source: Regional Multiple Listing Service (RMLS)

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed -- None Listed On Document
Bargain Sale Deed -- First American
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $157,000 Unknown
Source: Public Records

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 769796923

Regional Multiple Listing Service (RMLS)

APN: R0564482

Oregon Washington County Hillsboro 97123

25480 SW Rainbow Ln, Hillsboro, OR

This home is located at 25480 SW Rainbow Ln, Hillsboro, OR 97123 and is currently priced at $699,999. 25480 SW Rainbow Ln is a home located in Washington County with nearby schools including Groner Elementary School, South Meadows Middle School, and Hillsboro High School.

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Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

Nearby Homes
Listing Agent
Alex Johnson
Section Image
Keller Williams PDX Central
(971) 306-5221