$699,999
UNDER CONTRACT

40235 Rainbow Dr Scio, OR 97374

Estimated payment $4,113/month

Total Views 629
3 Beds
2 Baths
1,728 Sq Ft
$405 Price per Sq Ft

Highlights

  • Barn
  • Mountain View
  • Covered Patio or Porch
  • RV Access or Parking
  • Den
  • Fenced Yard

About This Home

Accepted Offer with Contingencies. Fully updated single story home and horse property on 9.4 acres of pasture, offering 3 bedrooms, 2 bathrooms, and 1,728 sqft with a partially finished basement. Recent updates include new roof, new interior and exterior paint, new vinyl plank flooring, new carpet, and fully updated kitchen and bathrooms. Interior features include built in bookshelves, a large laundry room, and a electric fireplace in the living room. Step outside to a covered deck and wrap around porch with beautiful views, perfect for enjoying peaceful country surroundings. The property includes a 60x36 insulated shop and barn, is fully fenced and landscaped, and offers plenty of room for animals, hobbies, and RV or boat storage. Additional upgrades include updated PEX plumbing and a 1500+ gallon water tank. A great opportunity for turnkey country living just minutes from town. Schedule your showing today!

Listing Agent

BILLY SCOTT

REAL BROKER License #201251823 Listed on: 04/30/2026

REAL BROKER

Co-Listing Agent

LAUREN JOINES

REAL BROKER License #201257226

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,556

Year Built

  • Built in 1970

Lot Details

  • 9.4 Acre Lot
  • Fenced Yard
  • Landscaped
  • Property is zoned RR5

Parking

  • RV Access or Parking

Home Design

  • Composition Roof
  • Wood Siding
  • Lap Siding

Interior Spaces

  • 1,728 Sq Ft Home
  • 1-Story Property
  • Electric Fireplace
  • Family Room with Fireplace
  • Den
  • Mountain Views
  • Laundry Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Partial Basement
  • Natural lighting in basement

Outdoor Features

  • Covered Deck
  • Covered Patio or Porch

Schools

  • Centennial Elementary School
  • Scio Middle School
  • Scio High School

Farming

  • Barn

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Well
  • Electric Water Heater
  • Septic System
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,556

Year Built

Built in 1970

Lot Details

9.4 Acres

Listing Details

  • Class: Residential
  • Type: Residence
  • Home Style: 1 Story
  • Range Facility: Electric, Microwave Included, Range Included
  • Syndicated Remarks: Accepted Offer with Contingencies. Fully updated single story home and horse property on 9.4 acres of pasture, offering 3 bedrooms, 2 bathrooms, and 1,728 sqft with a partially finished basement. Recent updates include new roof, new interior and exterior paint, new vinyl plank flooring, new carpet, and fully updated kitchen and bathrooms. Interior features include built in bookshelves, a large laundry room, and a electric fireplace in the living room. Step outside to a covered deck and wrap around porch with beautiful views, perfect for enjoying peaceful country surroundings. The property includes a 60x36 insulated shop and barn, is fully fenced and landscaped, and offers plenty of room for animals, hobbies, and RV or boat storage. Additional upgrades include updated PEX plumbing and a 1500+ gallon water tank. A great opportunity for turnkey country living just minutes from town. Schedule your showing today!
  • Cross Street: Richardson Gap Rd
  • Year Built: 1970
  • Home Style2: 1 Story
  • Special Features: UnderContract
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Fireplace: Family Room, Electric
  • Flooring: Carpet, Luxury Vinyl Plank
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Bedrooms: 3
  • Master Bedroom: On Level: 1/Main
  • Basement: Daylight, Partial
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Bonus Rooms: Den
  • Source Of Sq Ft: County

Exterior Features

  • Patio: Covered Deck, Covered Patio
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Out Buildings: Barn
  • Roof: Composition
  • Siding: Wood
  • Siding Style: Lap
  • View: Mountain

Garage/Parking

  • Garage Capacity: 0

Utilities

  • Heating/Cooling: Window Unit (AC), Baseboard
  • High Speed Comm Access: Available
  • Septic: Standard
  • Water: Well
  • Water Heater: Electric

Lot Info

  • Acres: 9.4
  • Estimated Lot Sq Ft: 409464
  • Lot: 1
  • Lot Type: Dimension Above
  • Rv Amenities: Area/Room For
  • Zoning: RR5
  • Geo Subdivision: OR

Green Features

  • Smart Home Features: No

Tax Info

  • Tax Years: 2025
  • Tax Amount: 4556

MLS Schools

  • HighSchool: Scio
  • Middle School: Scio
  • Elementary School: Centennial

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 $4,557 $328,960 -- --
2024 $4,350 $312,620 -- --
2023 $4,234 $303,520 $0 $0
2022 $4,144 $294,680 $0 $0
2021 $3,976 $286,100 $0 $0
2020 $3,918 $277,770 $0 $0
2019 $3,847 $269,680 $0 $0
2018 $7,460 $261,830 $0 $0
2017 $3,674 $254,210 $0 $0
2016 $3,591 $246,810 $0 $0
2015 $3,471 $239,630 $0 $0
2014 $3,402 $232,660 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2026 04/30/26 For Sale $699,999 -- $405 / Sq Ft
Source: Willamette Valley MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $280,000 First American Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Closed $19,683 Seller Take Back
Source: Public Records

Source: Willamette Valley MLS

MLS Number: 840108

Willamette Valley MLS

APN: 0055851

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