Last Sold Price
3 beds2,030 sqft$365/sqft
32500 SE Rainbow Rd, Estacada, OR 97023

Description

Seller Finance available on approved terms! Here is the opportunity to own your own family farm surrounded by 12+ acres. Enjoy sprawling pastures and onsite fruit bounty including apples, blueberries, raspberries, cherries & plums. Beautiful ranch style home with open floor plan and attractive wood accents throughout. Balcony style living room with fireplace perfect for entertaining or gathering with the family. Great property for horses. Electric fence/cross-fenced. Septic tank replaced 2020. Well...Seller Finance available on approved terms! Here is the opportunity to own your own family farm surrounded by 12+ acres. Enjoy sprawling pastures and onsite fruit bounty including apples, blueberries, raspberries, cherries & plums. Beautiful ranch style home with open floor plan and attractive wood accents throughout. Balcony style living room with fireplace perfect for entertaining or gathering with the family. Great property for horses. Electric fence/cross-fenced. Septic tank replaced 2020. Well tank replaced & upgraded. Large barn has brand new Air Conditioning, electrical and plumbing updates. This property has a multitude of options. Perfect setup for a rural farm with animals or convert easily to an OLCC approved Cannabis growing facility. Hard part is done at the county level with approved Land Use already in place. Barn buildout is approved and ready for your entrepreneurial finishing touches. This is a private gorgeous farm setting in a highly desirable area of the Willamette valley. Will not last!
LISTING CLOSED: 05/01/2025 12:00 AM

  1. Listed by Peter White • Keller Williams Realty • 541-350-1231

Property Details for 32500 Southeast Rainbow Road

Status
MLS #
24236648
Days on Market
330
Taxes
$4,779 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential / Single Family Residence
Year Built
1940
Lot Size
12.27 AC / 534,481 SF
Style
Custom Style, Ranch
Parking Features
Driveway
Zoning
AGF
View
Trees Woods, Valley
Garage Spaces
2.00
Parking Total
2.00

Recent comparable sales

Median sold price

$725,000

Avg days on market

37

Sale-to-list ratio

97.2%

Estacada, OR

9 comparable properties found

a view of outdoor space with city view
1/49
1

$725,000

Sold 08/08/25

3
Bedrooms
2,252
Square Feet
24.53
Acres
a front view of a house with a yard
1/41
2

$774,900

Sold 09/19/25

3
Bedrooms
1,632
Square Feet
10.39
Acres
$630,000 | 18223 South Springwater Road, Estacada, OR 97023
1/48
3

$630,000

Sold 03/06/26

3
Bedrooms
2,030
Square Feet
2
Acres
4

$735,000

Sold 04/14/25

4
Bedrooms
1
Bathrooms
1,909
Square Feet
39.1
Acres
a backyard of a house with lots of green space
1/45
5

$608,000

Sold 12/31/24

3
Bedrooms
1,440
Square Feet
11
Acres
$582,500 | 29502 Southeast Old Ranch Drive, Estacada, OR 97023
1/48
6

$582,500

Sold 07/24/26

2
Bedrooms
1,104
Square Feet
5
Acres
$809,000 | 36690 Southeast Yoder Drive, Estacada, OR 97023
1/46
7

$809,000

Sold 06/02/26

3
Bedrooms
1,159
Square Feet
14.08
Acres
$975,000 | 38203 Southeast Porter Road, Estacada, OR 97023
1/49
8

$975,000

Sold 02/18/25

3
Bedrooms
1,748
Square Feet
22.96
Acres
a front view of a house with garden
1/49
9

$675,000

Sold 11/18/25

3
Bedrooms
1,786
Square Feet
4.01
Acres

Location

Listing Courtesy of Keller Williams Realty

Sold By eXp Realty LLC

Add your commute

Building Information for 32500 Southeast Rainbow Road

Stories2Year Built1940Building Size-Lot Size12.27 AC / 534,481 SF

Payment Calculator

$4,160 per month

30 year fixed, 6.55% Interest

Principal and Interest

$3,761

Property Taxes

$398

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 32500 Southeast Rainbow Road

Summary
Location and General Information
  • Country: US
  • Directions: Call or Text LA
  • Road Surface: Gravel
School Information
  • Elementary School: River Mill
  • High School: Estacada
  • Middle Or Junior School: Estacada
Parking
  • Garage Type: Attached
Taxes and HOA
  • Tax Year: 2023
  • Tax Deferral Desc: Ag
  • Tax Annual Amount: $4,779.45
  • Parcel Number: 00962140
  • Tax Legal Description: SECTION 28 TOWNSHIP 3S RANGE 5E TAX LOT 00500
Property
Lot Information
  • Acres: 12.27
  • Lot Description: Level, Private, Trees
  • Lot Size Square Feet: 534481.0
  • Lot Size Range: Acres10to20
  • Lot Size: 10 to 19.99 Acres
  • SqFt Source: other
Property and Assessments
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Water Description: Well
  • Property Condition: Unknown
  • Year Built: 1940
Utilities
  • Cooling Description: Heat Pump
  • Fuel Description: Geothermal, Propane
  • Heating Description: Forced Air, Heat Pump
  • Hot Water Description: Electricity
  • Sewer Description: Septic Tank
Interior and Exterior Features
Exterior Features
  • Exterior Description: Other
  • Exterior Features: Barn, Cross Fenced, Deck, Fenced, Fire Pit, Private Road, Workshop
  • Roof Type: Metal
Interior Features
  • Basement: None
  • Foundation Details: Concrete Perimeter
  • Window Features: Vinyl Frames
  • Fireplace Description: Propane
  • Fireplaces Total: 1
  • Interior Features: Granite, Hardwood Floors, Laundry
  • SqFt Calculated: 2030
  • SqFt Lower Level Total: 0
  • SqFt Main Level Total: 1630
  • SqFt Upper Level Total: 400
  • Bedrooms Total: 3
  • Stories: 2
  • Baths Total: 0.2
Master Bedroom
  • Room Description: Primary Bedroom
  • Primary Bedroom Level: Main
Bedroom 2
  • Room Description: _2nd Bedroom
  • Bedroom 2 Level: Main
Bedroom 3
  • Room Description: _3rd Bedroom
  • Bedroom 3 Level: Upper
Dining Room
  • Room Description: Dining Room
Family Room
  • Room Description: Family Room
  • Family Room Level: Main
Kitchen
  • Room Description: Kitchen
  • Kitchen Appliances: Dishwasher, Disposal, Free Standing Refrigerator, Granite, Microwave, Range Hood
  • Kitchen Room Level: Main
Living Room
  • Room Description: Living Room
  • Living Room Level: Main
Baths
  • Baths Lower Level Full: 0
  • Baths Lower Level Partial: 0
  • Baths Lower Level Total: 0.0
  • Baths Main Level Full: 0
  • BathsMainLevelPartial: 2
  • Baths Main Level Total: 0.2
  • Bathrooms Full: 0
  • Baths Partial: 2
  • Total Bathrooms: 2
  • Baths Upper Leve lFull: 0
  • Baths Upper Level Partial: 0
  • Baths Upper Level Total: 0.0
Multi Family
Multi-Family Information
  • SqFt Approximate Building Total: 2030

Property History for 32500 Southeast Rainbow Road

DateEvent & SourcePriceAppreciation
Apr 29, 2025

Sold (Public Record)

Public Record #1556387220

$740,000
Jul 28, 2021

Sold (Public Record)

Public Record #1467108932

$740,000

+32.7% / yr

Aug 25, 2020

Sold (Public Record)

Public Record #675894828

$570,000
DateEvent & SourcePrice
04/29/2025

Sold (Public Record)

Public Record #1556387220

$740,000
07/28/2021

Sold (Public Record)

Public Record #1467108932

$740,000

+32.7% / yr

08/25/2020

Sold (Public Record)

Public Record #675894828

$570,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 32500 Southeast Rainbow Road

Taxable ValueLand-Additions-Total-
Tax Record2025$4,882 ($407 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,375 SqFtAbove Grade Finished SqFt1,375 SqFtStories1Lot Size534,481 SqFtStyleMiscellaneous ResidentialYear Built1940ZoningAGFCountyCLACKAMASAPN35E28 00500

Schools near 32500 Southeast Rainbow Road

This home is within Estacada School District 108.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
River Mill Elementary School
PublicK to 5

Estacada Junior High School
Public6 to 8

Estacada High School
Public9 to 12

Summit Community College High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty

All information provided is deemed reliable but is not guaranteed and should be independently verified. The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland Oregon. Real estate listings held by brokerage firms other than Compass are marked with the RMLS logo and detailed information about these properties includes the names of the listing brokers. Copyright © 2026 RMLS, Portland, Oregon. Last updated: 11/09/2025 05:00 AM