221 SW Rainbow Ave, Dallas, OR, 97338
About This Home
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!
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1951
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
Features
- Flooring: Carpet,Hardwood
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Baseboard,Zoned
- Cooling features: None
Interior Area
- Total structure area: 1,786
- Total interior livable area: 1,786 sqft
Property
Details
- Parcel number: 133744
- Zoning description: RS
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Patio & porch: Covered Deck,Deck
Lot
- Lot size: 7,405 sqft
Parking
- Total spaces: 1
- Parking features: Detached
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
- Ice Storm
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Polk County and Oregon
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,017 | $24,204 |
| Home Insurance * | $92 | $1,104 |
| Property Taxes | $465 | $5,580 |
| Electricity | $176 | $2,119 |
| Total | $2,750 | $33,000 |
Income You'd Need if You Spent...
Oregon FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-26 | Price change | $400,000 |
| 2026-01-27 | Price change | $420,000 |
| 2025-09-22 | Price change | $425,000 |
| 2025-09-12 | Price change | $435,000 |
| 2025-08-20 | Listed for sale | $445,000 |
| 2025-07-08 | Listing removed | -- |
| 2025-03-25 | Listed for sale | $449,000 |
| 2024-10-26 | Listing removed | $2,499 |
| 2024-10-03 | Price change | $2,499 |
| 2024-08-23 | Price change | $2,549 |
| 2024-07-25 | Listed for rent | $2,600 |
| 2024-04-11 | Listing removed | -- |
| 2024-04-02 | Listed for rent | $2,600 |
| 2023-05-11 | Listing removed | -- |
| 2023-04-30 | Price change | $2,500 |
| 2023-04-21 | Listed for rent | $2,600 |
| 2017-07-17 | Sold | $192,000 |
| 2017-02-28 | Sold | $83,000 |
| 2017-02-17 | Pending sale | $99,900 |
| 2017-02-15 | Listed for sale | $99,900 |
| 2015-11-20 | Listing removed | $87,500 |
| 2015-11-18 | Listed for sale | $87,500 |
| 2013-03-22 | Sold | $62,000 |
| 2013-01-19 | Price change | $62,000 |
| 2013-01-16 | Listed for sale | $80,000 |
| 2011-12-10 | Listing removed | $115,566 |
| 2006-04-28 | Sold | $144,000 |
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