4277 E  Rainbow Dr, Gilbert, AZ 85297
Property image
Property image
OFF MARKET

4277 E Rainbow Dr
Gilbert, AZ 85297

Power Ranch
  • 5 Beds
  • 3 Baths
  • 2,984 sqft

$636,600

Trulia Estimate
as of Aug 10, 2026
Est. Refi. Payment $3,562/mo*

$636,600

Trulia Estimate
as of Aug 10, 2026
Est. Refi. Payment $3,562/mo*
5 Beds
3 Baths
2,984 sqft

Local Information

  • Map ViewExplore the area around 4277 E Rainbow Dr.
  • Schools1 Preschool School1 Elementary School3 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2002
Living Area
2,984 sqft
Price/Sqft
$213
Parking
Garage

About this House

This home is priced to rent and won't be around for long. Apply now, while we make this home ready for you, or call to arrange a meeting with your local Progress Residential leasing specialist today. Interested in this home? You clearly have exceptional taste. Like all our homes, this one features: a great location in a desirable neighborhood, a comfortable layout with good-sized bedrooms and bathrooms, a great kitchen with plenty of counter and cabinet space, many updated and upgraded features, central HVAC and programmable thermostat, garage and a spacious yard, and it's pet friendly.

Call or click to schedule a tour or submit your application online at RentProgress.com today!

At Progress Residential we're here to serve you and make your time in the home as convenient as possible. We offer: a safe and secure online portal where you can place maintenance requests and pay online, multiple payment options, 24/7 Emergency maintenance response team available even on weekends, and well-maintained homes with regular preventative maintenance. Note: The listed amenities may not be accurate. Please consult with a Progress Residential leasing agent to confirm the property will meet your individual needs.
4277 E Rainbow Dr, Gilbert, AZ 85297 is a 5 bedroom, 3 bathroom, 2,984 sqft single-family home in Power Ranch, built in 2002. It last sold for $300,000 on Jul 8, 2013. More recently, it was listed as a rental in March 2020 with an asking price of $2,505 per month. That rental listing was removed on March 28, 2020. It is currently off market. The Trulia Estimate is $636,600, with a rent estimate of $3,086/month.

Home Details for 4277 E Rainbow Dr

Interior Features

Heating & Cooling
Heating: Forced Air, GasAir ConditioningCooling System: RefrigeratorHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2Floors: Tile
Interior Details
Number of Rooms: 8Types of Rooms: Walk In ClosetCeiling Fan
Appliances & Utilities
DishwasherMicrowave

Exterior Features

Exterior Home Features
Roof: TileExterior: StuccoPatio
Parking & Garage
GarageParking Spaces: 3Parking: Garage Detached

Property Information

Year Built
Year Built: 2002
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Community

Units in Building: 1

Lot Information

Lot Area: 7501 sqft

Price History for 4277 E Rainbow Dr

DatePriceEventSource
03/28/2020$2,505ListingRemovedAgent Provided
03/25/2020$2,505Listed For RentAgent Provided
02/14/2020$2,445ListingRemovedAgent Provided
02/12/2020$2,445PriceChange
Agent Provided
02/07/2020$2,435Listed For RentAgent Provided
01/29/2019$2,205ListingRemovedAgent Provided
01/17/2019$2,205Listed For RentAgent Provided
12/17/2016$1,875ListingRemovedAgent Provided
07/23/2016$2,209ListingRemovedAgent Provided
04/08/2014$1,995ListingRemovedAgent Provided
02/18/2014$1,995Listed For RentAgent Provided
12/26/2013$1,995ListingRemovedAgent Provided
12/04/2013$1,995Listed For RentAgent Provided
07/08/2013$300,000Sold
ARMLS #4951405
06/13/2013$320,000Listed For SaleAgent Provided
09/29/2012$289,999ListingRemovedAgent Provided
09/15/2012$289,999PriceChange
Agent Provided
08/31/2012$296,999PriceChange
Agent Provided
07/30/2012$299,999PriceChange
Agent Provided
07/20/2012$306,000PriceChange
Agent Provided
06/28/2012$309,000PriceChange
Agent Provided
06/13/2012$312,000PriceChange
Agent Provided
02/05/2012$315,000Listed For SaleAgent Provided
12/29/2008$280,000Sold
ARMLS #2840411
01/25/2008$385,000ListingRemovedAgent Provided
04/24/2003$224,842Sold
N/A

Market trends in Gilbert

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$569K
$3.33K
MoM
Sale-to-List Price
98.9%
0.1%
MoM
Price per sq ft
$279
$1
MoM
Available listings
1121
48
MoM
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Property Tax and Assessment

Year2025
Tax$2,773
Assessment$525,100
Home facts updated by county records

Comparable Sales for 4277 E Rainbow Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.09
Single-Family Home
$750,000
04/09/26
5
3
3,015
0.11
Single-Family Home
$599,000
07/29/26
5
3
2,520
0.15
Single-Family Home
$670,000
10/23/25
5
3.5
3,115
0.34
Single-Family Home
$550,000
06/29/26
5
3
2,640
0.25
Single-Family Home
$615,000
11/24/25
4
2.5
2,640
0.19
Single-Family Home
$535,000
02/26/26
4
3
1,765
0.11
Single-Family Home
$611,000
08/29/25
4
2
2,379
0.23
Single-Family Home
$485,000
09/17/25
4
3
2,120
0.27
Single-Family Home
$457,500
06/24/26
4
2.5
2,120
0.19
Single-Family Home
$430,000
12/18/25
4
2
1,698

Nearby homes

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Assigned Schools

These are the assigned schools for 4277 E Rainbow Dr.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

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"
  • Tm2ndff27t
    "Pool parties, holiday events & participation. Community yard sales, block parties friendly neighbors "
  • Beatrembath
    "Nice neighborhood for (growing) families. Lots of families, parks, pools, walking trails, amenities. "
  • Trulia User
    "they offer many different events throughout the year, movie night in the park, snow at Christmas, carnival, Bunco, crafts, etc."
  • Trulia User
    "Too many rentals with random barking dogs constantly! The community property is not kept up. Yards are very small. "
  • 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!"
  • Trulia User
    "Power Ranch is a very family oriented community! Safe and friendly! Schools around Power Ranch are great!"
  • 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!!! "
  • 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. "
  • Trulia User
    "Great neighborhood, great amenities , excellent schools, plenty of parks, safe, close to schools. Close to shops, restaurants, hospitals, dentists, and supermarkets. "
  • 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. "
  • Erin D.
    "There are multiple fields for recreation use, paths for bikes, schools within the community and lots of activities for the whole family "
  • 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."
  • Lwbaud
    "A mix of various price point homes. Well maintained, family oriented with parks, walking trails, elementary schools. "
  • Lwbaud
    "There are so many!!!!! Farmers Market/Good trunk Wednesdays, seasonal outings - like winter wonderland, clubs etc "
  • April S.
    "Too far, but self inflicted. We love it in power ranch but I work almost an hour commute away. Great neighborhood "
  • Nikki W.
    "Friendly neighbors. Can walk to the elementary school. Farmers markets. Tons of parks. 2 pools. So many events. Extremely safe neighborhood. "
  • 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."
  • Eric D.
    "going westbound in the morning and eastbound in the evening will have heavy traffic in both 202 and 60. "
  • 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."
  • Jjhageman
    "Power Ranch is a great neighborhood for families. Good schools and close to restaurants, freeways, and the SanTan Village shopping mall."
  • 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."
  • 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."

LGBTQ Local Legal Protections

Apartments for Rent

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Homes for sale near 4277 E Rainbow Dr

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Off Market Homes Near 4277 E Rainbow Dr

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Frequently asked questions about 4277 E Rainbow Dr

  • What is 4277 E Rainbow Dr estimated to be worth?
    Trulia's estimated value for 4277 E Rainbow Dr in Gilbert, AZ is $636,600.
  • What is the price history for 4277 E Rainbow Dr?
    4277 E Rainbow Dr in Gilbert, AZ last sold for $300,000 in July 2013.
  • 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 $569K. That is down $3.33K from the prior month.
  • Does 4277 E Rainbow Dr have air conditioning?
    Yes, 4277 E Rainbow Dr in Gilbert, AZ has air conditioning.
  • How big is the lot at 4277 E Rainbow Dr?
    The lot at 4277 E Rainbow Dr in Gilbert, AZ is about 0.17 acres (7,501 sq ft).