25480 SW Rainbow Ln Hillsboro, OR 97123
Estimated payment $3,344/month
Highlights
- River Front
- Separate Outdoor Workshop
- Level Lot
- No HOA
- Garage
- No Heating
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. A large outbuilding provides ample storage for tools, equipment, or recreational toys. The single-level home offers a starting point to build a your dream home! Whether you’re looking for land to grow or start your own business, level acreage to build a custom home, or an amazing investment opportunity, this property delivers versatility in a prime setting. Looking to invest? Ask about profiting from a lease back to the existing owner. Schedule a visit today!
Property Details
Property Type
- Land
Est. Annual Taxes
- $2,359
Lot Details
- 5.47 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
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 |
|---|---|---|---|---|
| 2026 | $2,359 | $185,570 | -- | -- |
| 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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/04/2025 11/04/25 | Price Changed | $599,999 | -14.3% | $607 / Sq Ft |
| 09/04/2025 09/04/25 | For Sale | $699,999 | -- | $708 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | -- | None Listed On Document | |
| Bargain Sale Deed | -- | First American | |
| Deed | -- | -- |
Source: Regional Multiple Listing Service (RMLS)
MLS Number: 769796923
APN: R0564482
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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.
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