Well-kept Dallas home offering comfort, space and investment potential. Features 3 beds, 2 baths, open living area and storage-filled kitchen. Spacious, private backyard perfect for entertaining or gardening. Garage is partially converted ADU with 2nd bath, kitchenette and walk-in closet. County records show 2 beds/1 bath, 1258 SqFt - buyer to do due diligence. Close to schools, shopping and parks. Don't miss this opportunity!
Active
Price cut: $10K (9/22)
$425,000
221 SW Rainbow Ave, Dallas, OR 97338
3beds
2baths
1,786sqft
Est.:
Single Family Residence
Built in 1951
7,405.2 Square Feet Lot
$423,200 Zestimate®
$238/sqft
$-- HOA
What's special
Spacious private backyardWalk-in closetStorage-filled kitchen
- 122 days |
- 423 |
- 19 |
Zillow last checked: 8 hours ago
Listing updated: December 02, 2025 at 01:06pm
Listed by:
Coho Realty 503-385-8835
Source: Oregon Datashare,MLS#: 220208019
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Baseboard, Zoned
Cooling
- None
Features
- Flooring: Carpet, Hardwood
- Basement: None
- Has fireplace: No
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,786
- Total interior livable area: 1,786 sqft
Property
Parking
- Total spaces: 1
- Parking features: Detached
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered Deck, Deck
Lot
- Size: 7,405.2 Square Feet
Details
- Additional structures: Shed(s)
- Parcel number: 133744
- Zoning description: RS
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- New construction: No
- Year built: 1951
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Dallas
Financial & listing details
- Price per square foot: $238/sqft
- Tax assessed value: $368,280
- Annual tax amount: $2,306
- Date on market: 8/20/2025
- Cumulative days on market: 122 days
- Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
- Road surface type: Paved
Estimated market value
$423,200
$402,000 - $444,000
$2,322/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 9/22/2025 | Price change | $425,000-2.3%$238/sqft |
Source:  WVMLS #831291 Report a problem | ||
| 9/12/2025 | Price change | $435,000-2.2%$244/sqft |
Source: WVMLS #831291 Report a problem | ||
| 8/20/2025 | Listed for sale | $445,000-0.9%$249/sqft |
Source:  OCMLS #25-1882 Report a problem | ||
| 7/8/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 3/25/2025 | Listed for sale | $449,000+133.9%$251/sqft |
Source: Owner Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,306 +4% | $163,470 +3% |
| 2023 | $2,218 +2.7% | $158,710 +3% |
| 2022 | $2,159 +2.8% | $154,090 +3% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,489/mo
Principal & interest
$2060
Property taxes
$280
Home insurance
$149
Climate risks
Neighborhood: 97338
Nearby schools
GreatSchools rating
- 3/10Lyle Elementary SchoolGrades: K-3Distance: 0.2 mi
- 4/10Lacreole Middle SchoolGrades: 6-8Distance: 0.8 mi
- 2/10Dallas High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Lyle Elem
- Middle: LaCreole Middle
- High: Dallas High
Source: Oregon Datashare. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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