40235 Rainbow Dr, Scio, OR 97374
Property image
Property image
FOR SALE
3D VIEW
9.4 ACRES
Listed by BILLY SCOTT, Real Broker, (541) 619-1632

$615,000

Original price: $635,000
  • 3 Beds
  • 2 Baths
  • 1,728 sqft (on 9.40 acres)

40235 Rainbow Dr, Scio, OR 97374

Est. Mortgage $3,829/mo*
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Home Highlights

Single-Family Home
Built in 1970
9.4 acre lot
$356/sqft

Local Information

  • Map ViewExplore the area around 40235 Rainbow Dr.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:Covered deckFully updated kitchenUpdated pex plumbingFully fenced and landscapedPartially finished basementBuilt in bookshelves
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!

Home Details for 40235 Rainbow Dr

Interior Features

Interior Details
Basement: Daylight,PartialNumber of Rooms: 4Types of Rooms: Master Bedroom, Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1728 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Disposal, Electric Range, Microwave, Range Included, Electric Water HeaterDishwasherDisposalMicrowave
Heating & Cooling
Heating: BaseboardHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Baseboard
Fireplace & Spa
Fireplace: Electric, Family RoomHas a Fireplace
Windows, Doors, Floors & Walls
Flooring: Carpet
Levels, Entrance, & Accessibility
Stories: 1Levels: OneFloors: Carpet
View
Has a ViewView: Mountain(s)

Exterior Features

Exterior Home Features
Roof: CompositionPatio / Porch: Covered Deck, Covered PatioFencing: FencedOther Structures: Barn(s), RV/Boat StorageFoundation: Continuous
Parking & Garage
No CarportNo GarageNo Attached GarageParking: No Garage
Frontage
Not on Waterfront
Water & Sewer
Sewer: Septic Tank
Farm & Range
Does Not Include Irrigation Water Rights

Days on Market

Days on Market: 145

Property Information

Year Built
Year Built: 1970
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Wood Siding, Lap SidingNot a New ConstructionDoes Not Include Home Warranty
Property Information
Usage of Home: Pasture/Ranch

Price & Status

Price
List Price: $615,000Price Per Sqft: $356
Status Change & Dates
Possession Timing: COE

Active Status

MLS Status: ACTIVE

Media

Location

Direction & Address
City: Scio
School Information
Elementary School: CentennialJr High / Middle School: ScioHigh School: Scio

Agent Information

Listing Agent
Listing ID: 840108

Building

Building Area
Building Area: 1728 Square Feet

Community

Not Senior Community

HOA

No HOA

Lot Information

Lot Area: 9.4 Acres

Offer

Listing Agreement Type: Exclusive Right To SellListing Terms: Cash, Conventional, VA Loan, USDA Loan

Mobile R/V

Mobile Home Park
Mobile Home Units: Feet

Miscellaneous

BasementMls Number: 840108Attribution Contact: Cell: 541-619-1632

Around this home

What Locals Say about Scio

At least 8 Trulia users voted on each feature.

  • 100 % Say yards are well-kept

  • 100 % Say parking is easy

  • 87 % Say there's wildlife

  • 83 % Say car is needed

  • 78 % Say there's holiday spirit

  • 78 % Say neighbors are friendly

  • 70 % Say kids play outside

  • 67 % Say it's dog friendly

  • 63 % Say it's quiet

  • 63 % Say people would walk alone at night

  • 54 % Say they plan to stay for at least 5 years

  • 40 % Say there are sidewalks

  • 38 % Say streets are well-lit

  • 36 % Say there are community events

  • 30 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Ashleykaneaster
    "I have lived in Scio for 11 years! It has always been such a great town with such great people! The schools are great."
    0
    Flag
  • Matt Hirschfelder
    "I work for Northwest Piano Service and love to tune and repair pianos for my clients here in Scio. It reminds me of my childhood in Montana. People stop to say hi and actually help each other out. Of course we have several community events each year across from the feed store."
    0
    Flag

Market trends in Scio

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
17
3MoM

Home Value

Trulia Estimate
$617K
Since last month
Increased$11K (+1.7%)
Since last year
Decreased$134K (-17.8%)
Since last sale
Increased$337K (+120.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +65% in the last 10 years
MonthEstimated value
2026
September 2026$617K
August 2026$607K
July 2026$630K
June 2026$676K
May 2026$700K
April 2026$727K
March 2026$727K
February 2026$729K
January 2026$732K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
40009 Griggs Dr, Lebanon, OR
0.42
Single-Family Home
$694,900
10/06/25
4
3
2,312
35388 Richardson Gap Rd, Lebanon, OR
0.95
Single-Family Home
$383,000
12/19/25
3
2
840
35247 Ede Rd, Lebanon, OR
2.03
Single-Family Home
$522,000
04/24/26
3
2
1,600
41108 Oupor Dr, Scio, OR
1.73
Single-Family Home
$1,190,000
10/07/25
3
3
2,476
40787 Snow Peak Dr, Lebanon, OR
2.10
Single-Family Home
$640,000
04/15/26
4
3
3,420
41108/41100 Oupor Dr, Scio, OR
1.92
Single-Family Home
$1,190,000
10/07/25
3
3
2,476
41235 Oupor Dr, Scio, OR
2.23
Single-Family Home
$1,100,000
05/28/26
5
4.5
3,552
34225 Kowitz Rd, Lebanon, OR
3.08
Single-Family Home
$889,000
01/21/26
3
2
1,972

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
40200 Providence Dr, Scio, OR 97374
0.36
$613,600
4
3
2,183
Off Market
40270 Providence Dr, Scio, OR 97374
0.41
$670,800
3
2
1,800
Off Market
40009 Griggs Dr, Lebanon, OR 97355
0.42
$695,000
4
3
2,312
Off Market
39982 Griggs Dr, Lebanon, OR 97355
0.48
$614,700
3
2
1,512
Off Market
36080 Richardson Gap Rd, Scio, OR 97374
0.51
$645,000
3
2
1,512
Recently Sold
36124 Richardson Gap Rd, Scio, OR 97374
0.63
$887,800
3
2
1,824
Off Market
Address Not Disclosed, Scio, OR 97374
0.77
$890,300
3
2
1,940
Off Market
40092 Fish Hatchery Dr, Scio, OR 97374
0.88
$455,000
3
2
1,693
Off Market
35388 Richardson Gap Rd, Lebanon, OR 97355
0.95
$383,000
3
2
840
Recently Sold
36062 Providence School Rd, Lebanon, OR 97355
0.99
$740,000
4
2.5
2,573
Recently Sold
35384 Richardson Gap Rd, Lebanon, OR 97355
1.03
$619,300
3
2
1,512
Off Market

Price and Tax history

DateEventPrice
Aug 28, 2026
Source: WVMLS #840108
PriceChange
$615,000
Price decreased by 3%
Jul 28, 2026
Source: WVMLS #840108
PriceChange
$635,000
Price decreased by 5%
Jul 8, 2026
Source: WVMLS #840108
PriceChange
$665,000
Price decreased by 3%
Jun 12, 2026
Source: WVMLS #840108
PriceChange
$685,000
Price decreased by 2%
May 29, 2026
Source: RMLS (OR) #642460667
PendingToActive
$699,999

LGBTQ Local Legal Protections

BILLY SCOTT, Real Broker
Agent Phone: (541) 619-1632
Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided 'AS IS' and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.
Zillow, Inc. Randy Carroll, (206) 516-2255

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Frequently asked questions about 40235 Rainbow Dr

  • What is the estimated monthly payment for 40235 Rainbow Dr?
    Based on a $615,000 list price with 20% down at today's rates, the estimated monthly payment for 40235 Rainbow Dr in Scio, OR is approximately $3,836 (about $3,320 principal & interest, $441 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • What do residents say about Scio?
    Residents describe Scio, OR as well-kept, easy to park in, and neighborly. Most residents say you need a car. See homes for sale in Scio, OR.
  • What are the closest schools to 40235 Rainbow Dr?
    The closest schools to 40235 Rainbow Dr in Scio, OR are Lacomb School (Elementary/Middle, rated 3/10), Lebanon High School (rated 5/10).
  • What is 40235 Rainbow Dr estimated to be worth?
    Trulia's estimated value for 40235 Rainbow Dr in Scio, OR is $617,300.
  • Does 40235 Rainbow Dr have air conditioning?
    Yes, 40235 Rainbow Dr in Scio, OR has air conditioning.
  • Does 40235 Rainbow Dr have a yard?
    Yes, 40235 Rainbow Dr in Scio, OR has a yard.
40235 Rainbow Dr, Scio, OR 97374 is a 3 bedroom, 2 bathroom, 1,728 sqft single-family home built in 1970. This property is currently available for sale and was listed by WVMLS on Apr 30, 2026. The MLS # for this home is MLS# 840108.