4237 E Rainbow Dr, Gilbert, AZ 85297
Property image
Property image
OFF MARKET

$526,300

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,683 sqft (on 1 acre)

4237 E Rainbow Dr, Gilbert, AZ 85297

Power Ranch
Est. Refi. Payment $3,142/mo*
Refinance Your Home
Currently Off Market - Sold Jun 30, 2009 for $194,000

Home Value

Trulia Estimate
$526K
Since last month
Increased$3K (+0.5%)
Since last year
Increased$2K (+0.3%)
Since last sale
Increased$331K (+170.8%)
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 +103% in the last 10 years
MonthEstimated value
2026
September 2026$525K
August 2026$523K
July 2026$530K
June 2026$529K
May 2026$530K
April 2026$536K
March 2026$536K
February 2026$528K
January 2026$521K
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
4110 S Dewdrop Court, Gilbert, AZ
0.18
Single-Family Home
$565,000
03/23/26
4
2
1,678
4251 E Sundance Avenue, Gilbert, AZ
0.20
Single-Family Home
$415,000
11/20/25
3
2
1,428
4122 S Shady Court, Gilbert, AZ
0.22
Single-Family Home
$480,000
11/18/25
4
2
1,678
4452 E MORENO Court, Gilbert, AZ
0.29
Single-Family Home
$430,000
12/18/25
4
2
1,698
4370 E SUNDANCE Court E, Gilbert, AZ
0.31
Single-Family Home
$580,000
09/02/26
3
2
1,886
4383 S COACHHOUSE Court, Gilbert, AZ
0.41
Single-Family Home
$480,000
04/17/26
3
2
1,611
4486 E SUNDANCE Court, Gilbert, AZ
0.36
Single-Family Home
$490,000
08/24/26
3
2
1,692
4160 S Splendor Court, Gilbert, AZ
0.25
Single-Family Home
$480,000
12/05/25
4
2
2,052
3960 S SPLENDOR Place, Gilbert, AZ
0.34
Single-Family Home
$465,000
11/11/25
3
2.5
1,598
3951 E TIMBERLINE Road, Gilbert, AZ
0.40
Single-Family Home
$438,800
06/10/26
3
2
1,395

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
4238 E RAINBOW Drive, Gilbert, AZ 85297
0.03
$599,000
5
3
2,520
Recently Sold
4229 E SEASONS Circle, Gilbert, AZ 85297
0.06
$513,400
3
2
1,683
Off Market
4256 E CLOUDBURST Court, Gilbert, AZ 85297
0.04
$611,700
4
2
2,052
Off Market
4255 E CLOUDBURST Court, Gilbert, AZ 85297
0.07
$562,600
5
3
2,520
Off Market
4271 S Splendor Place, Gilbert, AZ 85297
0.11
$492,400
3
2
1,683
Off Market
4182 E SEASONS Circle, Gilbert, AZ 85297
0.14
$581,200
4
2
2,052
Off Market
4290 E SEASONS Circle, Gilbert, AZ 85297
0.14
$526,100
4
2
1,678
Off Market
4192 E Seasons, Gilbert, AZ 85297
0.15
$581,200
4
2
2,052
Off Market
4240 S SPLENDOR Place, Gilbert, AZ 85297
0.14
$577,000
4
2
2,052
Off Market
4190 E SEASONS Circle, Gilbert, AZ 85297
0.15
$498,200
3
2
1,683
Off Market
4210 E Seasons Circle, Gilbert, AZ 85297
0.16
$479,700
4
2
1,678
Off Market
4230 S SPLENDOR Court, Gilbert, AZ 85297
0.15
$518,700
3
2
1,683
Off Market

Local Information

  • Map ViewExplore the area around 4237 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
1 acre lot
1,683 sqft
$313/sqft
Garage

About this House

Bright And Airy Three Bedroom, Two Bath Home. Tile In All The Right Places. Large Kitchen With Breakfast Bar Opens To The Great Room And Dining Area. Master Bathroom Has Large Walk-In Closet, Double Sinks, Separate Shower And Tub. Large Grassy Private Backyard. Home Borders A Common Area. No Neighbors On One Side For Extra Privacy! Power Ranch! What A Community! Bbq Areas, Parks, Catch And Release Fishing Pond, Volley And Basket Ball Courts, Tennis Courts, Community Center, Community Pools And Walking Paths. Who Could Ask For More?
4237 E Rainbow Dr, Gilbert, AZ 85297 is a 3 bedroom, 2 bathroom, 1,683 sqft single-family home in Power Ranch, built in 2003. It last sold for $194,000 on Jun 30, 2009. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $526,300, with a rent estimate of $2,225/month.

Home Details for 4237 E Rainbow Dr

Interior Features

Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 5
Heating & Cooling
Air ConditioningCooling System: Refrigerator

Exterior Features

Exterior Home Features
Roof: TileExterior: WoodPatio
Parking & Garage
GarageParking Spaces: 2Parking: Garage Attached

Property Information

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

Community

Units in Building: 1

Lot Information

Lot Area: 1 acre

Price and Tax history

DateEventPrice
Jun 30, 2009
Source: ARMLS #4156310
Sold
$194,000
Apr 12, 2009
Source: Agent Provided
Listed For Sale
$194,000
Jul 18, 2003
Source: N/A
Sold
$163,518

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 4237 E Rainbow Dr

  • What is 4237 E Rainbow Dr estimated to be worth?
    Trulia's estimated value for 4237 E Rainbow Dr in Gilbert, AZ is $526,300.
  • What is the price history for 4237 E Rainbow Dr?
    4237 E Rainbow Dr in Gilbert, AZ last sold for $194,000 in June 2009.
  • 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 4237 E Rainbow Dr have air conditioning?
    Yes, 4237 E Rainbow Dr in Gilbert, AZ has air conditioning.
  • How big is the lot at 4237 E Rainbow Dr?
    The lot at 4237 E Rainbow Dr in Gilbert, AZ is about 1 acre.

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