New - 3 days on Rocket
$6,234 Closing Credit¹
#542903884, David Ferguson, Listing Office: Keller Williams Realty Portland Elite
$569,900 List price
5322 SE Rainbow Ln Milwaukie, OR 97222
$6,768
Closing credit¹
3 beds
1 full
1,500 sqft
0.2 acres
$380 / sqft
House
Property details
About 5322 SE Rainbow Ln
A true Gem in SE close in to everything! This 3 bed 2 bath home is updated and ready for you to make a home. You will love the solid surface countertops throughout and all the beautiful updated touches. Enjoy a soak in the jetted tub after a long day. Also, great lot with a back area ready for a garden or lawn. The detached garage in the back is a unique quality for this neighborhood, with its own breaker panel and 220V available, its the perfect space for a shop, project space, or it could be converted into an ADU with some plumbing work. Other new items include New roof, new furnace, new windows, and new flooring! The possibilities are endless with this beautiful home and property. Listing agent is member of selling entity.
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
CoolingCentral Air
Size1,500 sqft
BasementYes
Lot size0.18 Acres
Year built1962
ParkingDriveway
MLS #749826185
Garage2 spaces
ViewTerritorial
Summary
- MLS Number: 749826185
- MLS Name: Regional Multiple Listing Service, Inc.
- Office Name: Sundance Realty LLC
- Office Phone: (800) 791-0825
- Listing Agent: Matt Sturzinger
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 another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/6/2025, 3:21:02 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$569,900
5322 SE Rainbow Ln
$6,768
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $201,656 | $4,419 |
| 2022 | $195,783 | $4,198 |
| 2021 | $190,081 | $4,051 |
| 2020 | $184,545 | $3,925 |
| 2018 | $173,951 | $3,438 |
| 2017 | $168,884 | $3,340 |
History based on county public records data.
Nearby schools
5
Lewelling Elementary School
Public District KG-5
0.3 mi
•5325 SE Logus Rd
6
Ardenwald Elementary School
Public District KG-5
0.8 mi
•8950 SE 36th Ave
9
Lewis Elementary School
Public District KG-5
1.3 mi
•4401 SE Evergreen St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $64,437. The most common annual income of people living in Milwaukie, OR is between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
25%
<35k
55%
35k-100k
19%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
42%
Single, No Kids
10%
Single, with Kids
27%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
7%
12-17 yrs old
22%
18-34 yrs old
41%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Tennis
Major League Soccer (MLS)
Where do the neighbors shop?
IKEA
Crate & Barrel
Banana Republic
Where do the neighbors go to eat?
Quiznos
Starbucks
Jack In The Box
What do the neighbors drive?
Lexus
BMW
Toyota
What do the neighbors listen to?
Soft Adult Contemporary
News
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5322 SE Rainbow Ln
This home is located at 5322 SE Rainbow Ln in Milwaukie, OR and zip code 97222 in the Tarrybrooks neighborhood. This 1,500 square foot home, which was built in 1962, sits on a 0.18 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 5, 2025 and is currently priced at $569,900.
Over 6 listings were sold over their listed price in February 2025 in Milwaukie, OR. In the same period over 5 listings were sold below the listed price and 6 listings were sold for the listed price. The number of homes for sale in Milwaukie, OR increased by 14% between January and February 2025. The median list price of listings available in February 2025 was $505,000, while the average time on the real estate market was 61 days.
From Rocket Homes Real Estate and based on county public records data.