4218 E Rainbow Dr, Gilbert, AZ 85297
Property image
Property image
OFF MARKET

$500,400

Trulia Estimate
  • 4 Beds
  • 2 Baths
  • 2,052 sqft

4218 E Rainbow Dr, Gilbert, AZ 85297

Power Ranch
Est. Refi. Payment $3,026/mo*
Refinance Your Home
Currently Off Market - Sold Aug 6, 2020 for $366,500

Home Value

Trulia Estimate
$500K
Since last month
Decreased$4K (-0.7%)
Since last year
Decreased$12K (-2.4%)
Since last sale
Increased$133K (+36.3%)
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 +79% in the last 10 years
MonthEstimated value
2026
October 2026$500K
September 2026$500K
August 2026$503K
July 2026$507K
June 2026$513K
May 2026$509K
April 2026$513K
March 2026$512K
February 2026$509K
January 2026$503K
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
4160 S Splendor Court, Gilbert, AZ
0.21
Single-Family Home
$480,000
12/05/25
4
2
2,052
4122 S Shady Court, Gilbert, AZ
0.19
Single-Family Home
$480,000
11/18/25
4
2
1,678
4452 E MORENO Court, Gilbert, AZ
0.31
Single-Family Home
$430,000
12/18/25
4
2
1,698
4097 E WAGON Circle, Gilbert, AZ
0.28
Single-Family Home
$525,000
05/22/26
4
2
1,754
4238 E RAINBOW Drive, Gilbert, AZ
0.02
Single-Family Home
$599,000
07/29/26
5
3
2,520
4251 E Sundance Avenue, Gilbert, AZ
0.18
Single-Family Home
$415,000
11/20/25
3
2
1,428
4130 E SUNDANCE Avenue, Gilbert, AZ
0.15
Single-Family Home
$615,000
11/24/25
4
2.5
2,640
4110 S Dewdrop Court, Gilbert, AZ
0.17
Single-Family Home
$565,000
03/23/26
4
2
1,678
3942 S MANDARIN Way, Gilbert, AZ
0.32
Single-Family Home
$520,000
03/18/26
4
2.5
2,006
4021 S DEW DROP Court, Gilbert, AZ
0.27
Single-Family Home
$535,000
02/26/26
4
3
1,765

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
4228 E Rainbow Dr, Gilbert, AZ 85297
0.01
$536,800
4
2
2,052
Off Market
4208 E Rainbow Dr, Gilbert, AZ 85297
0.01
$541,900
4
2
2,052
Off Market
4238 E RAINBOW Drive, Gilbert, AZ 85297
0.02
$599,000
5
3
2,520
Recently Sold
4219 E Seasons Cir S, Gilbert, AZ 85297
0.02
$508,600
4
2
2,052
Off Market
4198 E Rainbow Dr, Gilbert, AZ 85297
0.02
$638,100
4
3
3,103
Off Market
4229 E SEASONS Circle, Gilbert, AZ 85297
0.03
$515,600
3
2
1,683
Off Market
4209 E Seasons Cir S, Gilbert, AZ 85297
0.03
$649,300
Studio
4
2,640
Off Market
4239 E Seasons Cir S, Gilbert, AZ 85297
0.03
$503,600
Studio
3
2,052
Off Market
4217 E Rainbow Dr, Gilbert, AZ 85297
0.03
$510,000
4
2
2,052
Off Market
4227 E Rainbow Dr, Gilbert, AZ 85297
0.03
$635,200
5
3
2,882
Off Market
4188 E Rainbow Dr, Gilbert, AZ 85297
0.03
$594,500
5
3
2,800
Off Market
4207 E Rainbow Dr, Gilbert, AZ 85297
0.04
$604,800
4
2
2,052
Off Market
4253 S Shady Ct, Gilbert, AZ 85297
0.04
$536,800
4
2
2,052
Off Market
4237 E Rainbow Dr, Gilbert, AZ 85297
0.04
$523,300
3
2
1,683
Off Market
4180 E Seasons Cir N, Gilbert, AZ 85297
0.04
-
-
-
-
Off Market
4182 E Seasons Cir S, Gilbert, AZ 85297
0.04
$521,200
4
2
2,052
Off Market
4184 E Seasons Cir S, Gilbert, AZ 85297
0.04
$502,000
4
2
2,037
Off Market
4188 E Seasons Cir N, Gilbert, AZ 85297
0.04
-
-
-
-
Off Market
4192 E Seasons Cir N, Gilbert, AZ 85297
0.04
-
-
-
-
Off Market
4180 E Seasons Cir S, Gilbert, AZ 85297
0.04
$624,500
3
2
2,640
Off Market

Local Information

  • Map ViewExplore the area around 4218 E Rainbow Dr.
  • Schools1 Preschool School1 Elementary School3 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2003
2,052 sqft
$244/sqft

About this House

Don't miss out on this charming home! Inside, you'll find tile flooring, recessed lighting, and plenty of living space to spread out and make memories. The beautiful kitchen stainless steel appliances, granite counters, a breakfast bar, and lots of space to cook and entertain. The backyard features a back patio and full fencing. Make this home yours today!

See the floorplan in the photo gallery to picture yourself in this home.

Live in a tech-friendly home. Smart Home is a monthly service that helps you manage access to your home and save on your energy bill. With our Smart Home features, you can remotely lock and unlock your front door, control your thermostat, and receive notifications about your home - all through the convenience of your mobile device or computer.

CONSENT TO TEXT MESSAGING: By entering your mobile phone number, you expressly consent to receive text messages from Invitation Homes. Msg & Data rates may apply.

 Lease your Invitation Home through InvitationHomes.com or with the help of a licensed leasing agent. All leasing information is believed to be accurate, but changes may have occurred since photographs were taken and square footage is estimated. Furthermore, prices and dates may change without notice. Invitation Homes does not lease homes through Craigslist or other classified advertising services. Please note this home may be governed by a HOA and could require additional applications and/or fees. To better serve our residents, Invitation Homes is pet-friendly with some breed restrictions and allows up to three pets, with an upfront and monthly fee. Air Filter Delivery service is required at an additional fee above the rental price. Broker participation welcome, so please refer to MLS. Please contact your leasing agent for more information.

Additional fees may apply. In certain cases, move into your new home within 14 days of application receipt. Rent and fees are subject to applicable city tax. Monthly pool maintenance (chemical and equipment) fee plus applicable city tax if the home has a pool. Applicable city tax is added to the monthly rent, each month.
4218 E Rainbow Dr, Gilbert, AZ 85297 is a 4 bedroom, 2 bathroom, 2,052 sqft single-family home in Power Ranch, built in 2003. It last sold for $366,500 on Aug 6, 2020. More recently, it was listed as a rental in September 2020 with an asking price of $2,325 per month. That rental listing was removed on October 12, 2020. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $500,400, with a rent estimate of $2,416/month.

Home Details for 4218 E Rainbow Dr

Interior Features

Heating & Cooling
Heating: GasAir ConditioningCooling System: RefrigeratorHeating Fuel: Gas
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile, Carpet, Laminate, Linoleum Vinyl
Interior Details
Number of Rooms: 8
Appliances & Utilities
DishwasherMicrowave

Exterior Features

Exterior Home Features
Roof: TileExterior: WoodPatio
Parking & Garage
Parking Spaces: 2Parking: None

Property Information

Year Built
Year Built: 2003
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 7069 sqft

Price and Tax history

DateEventPrice
Oct 12, 2020
Source: Agent Provided
ListingRemoved
$2,305
Oct 9, 2020
Source: Agent Provided
PriceChange
$2,305
Price decreased by 1%
Sep 7, 2020
Source: Agent Provided
Listed For Rent
$2,325
Aug 6, 2020
Source: ARMLS #6102576
Sold
$366,500
Jul 17, 2020
Source: Agent Provided
Pending
$368,000

Market trends in Gilbert

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$575K
$1.5KMoM
Sale-to-List Price
98.8%
0.1%MoM
Price per sq ft
$279
$0MoM
Available listings
1109
4MoM

Around this home

Neighborhood Overview

Power Ranch
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Power Ranch

At least 107 Trulia users voted on each feature.

  • 99 % Say there are sidewalks

  • 93 % Say it's dog friendly

  • 93 % Say car is needed

  • 90 % Say kids play outside

  • 90 % Say there's holiday spirit

  • 86 % Say people would walk alone at night

  • 85 % Say streets are well-lit

  • 82 % Say parking is easy

  • 79 % Say yards are well-kept

  • 77 % Say it's quiet

  • 68 % Say they plan to stay for at least 5 years

  • 62 % Say neighbors are friendly

  • 52 % Say there's wildlife

  • 52 % Say there are community events

  • 44 % Say it's walkable to grocery stores

  • 35 % Say it's walkable to restaurants

Sourced by Trulia users. Learn more about our methodology.
  • Emma Adarlo
    "We have Christmas bazaar,during Christmas season, food bags for the less fortunate, food trucks during spring outdoor movies, etc"
    1
    Flag
  • Tm2ndff27t
    "Pool parties, holiday events & participation. Community yard sales, block parties friendly neighbors "
    0
    Flag
  • Beatrembath
    "Nice neighborhood for (growing) families. Lots of families, parks, pools, walking trails, amenities. "
    0
    Flag
  • Trulia User
    "they offer many different events throughout the year, movie night in the park, snow at Christmas, carnival, Bunco, crafts, etc."
    0
    Flag
  • Trulia User
    "Too many rentals with random barking dogs constantly! The community property is not kept up. Yards are very small. "
    0
    Flag
  • Trulia User
    "Lots of parks and nice walking paths. Several families strolling around on a good weather day. Feels like a secluded community but multiple restaurants and bars just a walk or bike ride away!"
    1
    Flag
  • Trulia User
    "Power Ranch is a very family oriented community! Safe and friendly! Schools around Power Ranch are great!"
    0
    Flag
  • Trulia User
    "We moved in March 2021 to Gilbert, AZ and so far we like it. People are nice & friendly. What we don’t like is the crazy driving habits on side streets — like freeway driving — it’s risky and you hear accidents on the news each day!!! "
    2
    Flag
  • Trulia User
    "I moved here six months ago from the Bay Area. I like it that it’s quiet, clean & neighbors care about their front yard. "
    2
    Flag
  • Trulia User
    "Great neighborhood, great amenities , excellent schools, plenty of parks, safe, close to schools. Close to shops, restaurants, hospitals, dentists, and supermarkets. "
    1
    Flag
  • Trulia User
    "We moved here a month ago from San Francisco — so far we like it here. Most people are friendly and the community is very clean & safe. We like the many trails, vegetation, parks, pool, and it’s proximity to restaurants & stores. "
    0
    Flag
  • Erin D.
    "There are multiple fields for recreation use, paths for bikes, schools within the community and lots of activities for the whole family "
    1
    Flag
  • Tanya E.
    "I used to live in the Power Ranch Community for a year. I moved out of it, but was still visiting family who remained there. It has an amazing Clubhouse, The Barn is also great! It’s the neighborhood that I am trying to move back into."
    11
    Flag
  • Lwbaud
    "A mix of various price point homes. Well maintained, family oriented with parks, walking trails, elementary schools. "
    4
    Flag
  • Lwbaud
    "There are so many!!!!! Farmers Market/Good trunk Wednesdays, seasonal outings - like winter wonderland, clubs etc "
    0
    Flag
  • April S.
    "Too far, but self inflicted. We love it in power ranch but I work almost an hour commute away. Great neighborhood "
    0
    Flag
  • Nikki W.
    "Friendly neighbors. Can walk to the elementary school. Farmers markets. Tons of parks. 2 pools. So many events. Extremely safe neighborhood. "
    2
    Flag
  • Adam W.
    "There are a ton of kids in Power Ranch so be aware of the different unique amenities that each sub-neighborhood has so that your children can experience different activities."
    4
    Flag
  • Eric D.
    "going westbound in the morning and eastbound in the evening will have heavy traffic in both 202 and 60. "
    0
    Flag
  • Rudy H.
    "That is the one bad part of being this far out... traffic can be a nightmare but in the end it's well worth it as quality of life in the ranch is amazing."
    1
    Flag
  • Jjhageman
    "Power Ranch is a great neighborhood for families. Good schools and close to restaurants, freeways, and the SanTan Village shopping mall."
    6
    Flag
  • Rudy H.
    "it's the ranch... been here since the beginning and have no intention on ever leaving. very family oriented with well kept area's."
    6
    Flag
  • Katelyn3126
    "How safe and family oriented everything is makes power ranch very good for raising families. It's a little pricey, but it's worth it. There's lots of places around to eat and hang out."
    7
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 4218 E Rainbow Dr

  • What is 4218 E Rainbow Dr estimated to be worth?
    Trulia's estimated value for 4218 E Rainbow Dr in Gilbert, AZ is $500,400.
  • What is the price history for 4218 E Rainbow Dr?
    4218 E Rainbow Dr in Gilbert, AZ last sold for $366,500 in August 2020.
  • Is Gilbert a buyer's or seller's market?
    Gilbert is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Gilbert?
    The median sale price in Gilbert is $575K. That is up $1.5K from the prior month.
  • Does 4218 E Rainbow Dr have air conditioning?
    Yes, 4218 E Rainbow Dr in Gilbert, AZ has air conditioning.
  • How big is the lot at 4218 E Rainbow Dr?
    The lot at 4218 E Rainbow Dr in Gilbert, AZ is about 0.16 acres (7,069 sq ft).

Explore by feature - Pet Friendly

333 pet-friendly rentals in Gilbert, AZ

Explore by feature - Garage

455 rentals with a garage in Gilbert, AZ

Explore by feature - Air Conditioning

389 rentals with air conditioning in Gilbert, AZ

Explore by feature - Pool

404 rentals with a pool in Gilbert, AZ

Explore by feature - Washer/dryer

503 rentals with a washer/dryer in Gilbert, AZ

Explore by feature - Outdoor Space

223 rentals with an outdoor space in Gilbert, AZ

Apartments for Rent

Skip to last item
Skip to first item

Off Market Homes Near 4218 E Rainbow Dr

Skip to last item
Skip to first item

Homes for sale near 4218 E Rainbow Dr

Skip to last item
Skip to first item
Skip to last item
  • Results are loading
Skip to first item