4238 E Rainbow Dr Gilbert, AZ 85297
Power Ranch NeighborhoodEstimated payment $3,599/month
Highlights
- Play Pool
- Sitting Area In Primary Bedroom
- Clubhouse
- Power Ranch Elementary School Rated A-
- 0.18 Acre Lot
- Vaulted Ceiling
About This Home
This stunning 5-bedroom, 3-bathroom corner lot home is nestled in the highly sought-after Power Ranch community in Gilbert! Thoughtfully designed and move-in ready, this home offers the perfect blend of comfort, style, and resort-style living. The exterior was painted in 2023, adding to the home's beautiful curb appeal from the moment you arrive. Step inside and you'll immediately feel the space and warmth this home has to offer, with a functional layout ideal for everyday living and entertaining. A full bedroom and bathroom on the main level provides flexibility for guests, a home office, or a private space for extended family. The real showstopper is the backyard. Designed for those who love to entertain and unwind, this resort-style outdoor oasis features a sparkling Pebble-Tec pool with a heater, brand-new turf, an extended covered patio perfect for outdoor dining, a built-in BBQ, and mature citrus trees that add beauty and charm year-round. The desirable north/south exposure helps keep the outdoor space comfortable and enjoyable. The home also comes with a transferable home warranty good through May 2027, which includes pool and HVAC maintenance for added peace of mind. As a Power Ranch resident, you'll enjoy access to two resort-style pools, two clubhouses, over 26 miles of scenic trails, catch-and-release fishing lakes, 25 pocket parks, basketball, volleyball, soccer and baseball fields, plus a packed community events calendar featuring farmers markets, movie nights, food truck events, and holiday celebrations. Top-rated Higley Unified School District schools are located right within the community, with easy access to SanTan Village, Loop 202, and Gilbert Gateway Towne Center. This one truly has it all!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,042
Year Built
- Built in 2003
Lot Details
- 7,769 Sq Ft Lot
- Artificial Turf
- Corner Lot
HOA Fees
- $134 Monthly HOA Fees
Parking
- 3 Car Direct Access Garage
- 2 Open Parking Spaces
- Tandem Parking
Home Design
- Wood Frame Construction
- Tile Roof
- Stucco
Interior Spaces
- 2,520 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Ceiling Fan
- Double Pane Windows
- Solar Screens
- Family Room
- Formal Dining Room
Kitchen
- Eat-In Kitchen
- Gas Oven
- Gas Cooktop
- Gas Stub for Range
- Built-In Microwave
- Dishwasher
- Kitchen Island
- Laminate Countertops
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Sitting Area In Primary Bedroom
- Primary Bedroom Upstairs
- Walk-In Closet
- 3 Full Bathrooms
- Double Vanity
- Private Water Closet
- Jettted Tub and Separate Shower in Primary Bathroom
- Hydromassage or Jetted Bathtub
- Bathtub With Separate Shower Stall
Laundry
- Laundry in unit
- 220 Volts In Laundry
- Washer Hookup
Eco-Friendly Details
- North or South Exposure
Outdoor Features
- Play Pool
- Balcony
- Covered Patio or Porch
- Built-In Barbecue
Schools
- Power Ranch Elementary School
- Sossaman Middle School
- Higley High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Gas Water Heater
- Water Softener is Owned
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Tax Lot 302
- Assessor Parcel Number 313-01-865
Community Details
Overview
- Association fees include ground maintenance
- Ccmc Association, Phone Number (480) 921-7500
- Built by Standard Pacific
- Power Ranch Subdivision
Amenities
- Clubhouse
Recreation
- Tennis Courts
- Community Playground
- Heated Community Pool
- Fenced Community Pool
- Community Spa
- Bike Trail
Map
Home Values in the Area
Average Home Value in this Area
Tax 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.
| 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 | $2,042 | $27,581 | -- | -- |
| 2024 | $2,190 | $26,268 | -- | -- |
| 2023 | $2,190 | $46,330 | $9,260 | $37,070 |
| 2022 | $2,092 | $34,060 | $6,810 | $27,250 |
| 2021 | $2,156 | $31,150 | $6,230 | $24,920 |
| 2020 | $2,198 | $29,710 | $5,940 | $23,770 |
| 2019 | $2,128 | $27,110 | $5,420 | $21,690 |
| 2018 | $2,053 | $25,820 | $5,160 | $20,660 |
| 2017 | $1,978 | $24,520 | $4,900 | $19,620 |
| 2016 | $2,014 | $23,730 | $4,740 | $18,990 |
| 2015 | $1,756 | $21,350 | $4,270 | $17,080 |
Property 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 | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/26/2026 06/26/26 | For Sale | $610,000 | +82.1% | $242 / Sq Ft | |
| 06/14/2016 06/14/16 | Sold | $335,000 | -4.3% | $133 / Sq Ft | View Prior Sale |
| 04/20/2016 04/20/16 | For Sale | $349,900 | +37.2% | $139 / Sq Ft | |
| 11/04/2014 11/04/14 | Sold | $255,000 | -1.9% | $101 / Sq Ft | View Prior Sale |
| 07/14/2014 07/14/14 | Price Changed | $260,000 | 0.0% | $103 / Sq Ft | |
| 06/12/2014 06/12/14 | Pending | -- | -- | -- | |
| 05/14/2014 05/14/14 | For Sale | $260,000 | -- | $103 / Sq Ft |
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 | $335,000 | Fidelity Natl Title Agency I | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Security Title Agency | |
| Warranty Deed | $255,000 | Security Title Agency | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Cash Sale Deed | $213,369 | First American Title Ins Co |
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 |
|---|---|---|---|
| Open | $318,250 | New Conventional | |
| Previous Owner | $242,250 | New Conventional | |
| Previous Owner | $138,900 | New Conventional |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 7046893
APN: 313-01-865
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.