Damonian Pike

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Listing provided courtesy of REAL BROKER- MLS# 840108MLS ProviderContact Information: Cell: 541-619-1632

40235 Rainbow DrScio, OR 97374

Single Family · 3 Beds · 2 Full Baths · 1,728 Sq. ft. | 9.40 Acres
$685,000 ACTIVE

40235 Rainbow Dr Overview

Time on Site:
60 days
Visits:
0

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!

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40235 Rainbow Dr Facts & Features

  • Type Single Family
  • Sq. ft. 1,728
  • Price/Sq.ft. $396
  • Lot 9.40 Acres

Details

General

School Information

  • Elementary School: Centennial
  • Middle Or Junior School: Scio
  • High School: Scio

Building Information

  • Year Built: 1970

Location/Region

  • County Or Parish: Linn
  • MLS Area Major: 80 LINN COUNTY

Tax Information

  • Tax Annual Amount: 4556

General Information

  • Property Sub Type: Residence
  • Property Type: Residential
  • Senior Community: No
  • Zoning: RR5

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 3

General Information

  • Accessibility Features: No
  • Basement: Daylight,Partial
  • Fireplace Features: Electric,Family Room
  • Flooring: Carpet,Luxury Vinyl Plank
  • Foundation Details: Continuous
  • Living Area: 1728
  • Stories Total: 1 Story

Exterior

Lot Information

  • Lot Features: Dimension Above
  • Lot Size Acres: 9.4
  • Lot Size Square Feet: 409464
  • Water Source: Well

Waterfront/View

  • View: Mountain

Building Exterior/Construction

  • Construction Materials: Wood
  • Patio And Porch Features: Covered Deck,Covered Patio
  • Roof: Composition

General Information

  • Fencing: Yes
  • Other Structures: Barn

40235 Rainbow Dr Neighborhood

Community

97374 (SCIO) Demographics

51
Median Age
34
Population Density (per sq. mile)
34%
College Educated
$70,362
Estimated Median Income
1,373
Estimated Total Home Owners
444
Estimated Total Renters
76% / 24%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

40235 Rainbow Dr Market Data

Based on the last 30 days in this zip code

$962,568
Average List Price
$343
Average Price per Square Foot
4
Properties Sold
182
Average Days on Market
29
Properties for Sale
Calculations provided by Reliance Network

40235 Rainbow Dr History

Date Event Value Agent
6/12/2026Source: Regional MLS Price Reduction
$685,000 -2.1%
6/12/2026Source: Willamette Valley MLS Price Reduction
$685,000 -2.1%
5/29/2026Source: Willamette Valley MLS Status Change
ACTIVE
5/29/2026Source: Regional MLS Status Change
Active
5/19/2026Source: Willamette Valley MLS Status Change
ACTIVE UNDER CONTRACT
5/19/2026Source: Regional MLS Status Change
Pending
5/15/2026Source: Regional MLS Status Change
Active
5/15/2026Source: Willamette Valley MLS Status Change
ACTIVE
5/5/2026Source: Regional MLS Status Change
Pending
5/5/2026Source: Willamette Valley MLS Status Change
ACTIVE UNDER CONTRACT
4/30/2026Source: Regional MLS Added to Database
April 30, 2026
4/30/2026Source: Willamette Valley MLS Added to Database
April 30, 2026