12231 Rainbow Dr
Arlington, WA 98223
2 bd 2 ba 1,308 sqft Built 1998 Lot 15,682 sqft single_family
Most recent sale
$507,000
Apr 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 29, 2022 | Sold | $507,000 | MLS #1905920 |
| Mar 24, 2022 | Listed | $475,000 | MLS #1905920 |
| Oct 13, 2018 | Listed | $319,950 | MLS #1294583 |
| Jun 29, 2018 | Sold | $335,000 | MLS #1294583 |
| May 18, 2018 | Listed | $319,950 | MLS #1294583 |
| Oct 13, 2010 | Sold | $213,000 | Public Record |
| Sep 8, 2010 | Listing removed | $224,950 | NWMLS |
| Sep 1, 2010 | Price changed | $224,950 | MLS #29158974 |
| May 22, 2010 | Price changed | $228,950 | MLS #29158974 |
| Feb 13, 2010 | Relisted | $237,450 | MLS #29158974 |
| Jan 11, 2010 | Listing removed | $237,450 | NWMLS |
| Nov 18, 2009 | Listed | $237,450 | MLS #29158974 |
| Nov 18, 2009 | Listing removed | $249,950 | NWMLS |
| Jul 24, 2009 | Listed | $249,950 | MLS #29106245 |
| May 21, 1997 | Sold | $44,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2026 | $207,600 | $253,200 | $460,800 | $3,646 |
| 2025 | $207,600 | $253,200 | $460,800 | $4,107 |
| 2024 | $218,700 | $265,200 | $483,900 | $3,782 |
| 2023 | $177,400 | $166,000 | $343,400 | $4,018 |
| 2022 | $169,000 | $116,000 | $285,000 | $3,518 |
| 2021 | $169,000 | $116,000 | $285,000 | $3,305 |
| 2020 | $169,000 | $116,000 | $285,000 | $3,197 |
| 2019 | $158,300 | $105,000 | $263,300 | $2,799 |
| 2018 | $150,400 | $94,000 | $244,400 | $2,913 |
| 2017 | $136,100 | $86,000 | $222,100 | $2,910 |
| 2016 | $136,100 | $86,000 | $222,100 | $2,640 |
| 2015 | $114,500 | $60,000 | $174,500 | $2,604 |
| 2014 | $114,500 | $60,000 | $174,500 | $2,422 |
| 2013 | $91,700 | $60,000 | $151,700 | $2,494 |
| 2012 | $94,000 | $55,000 | $149,000 | $2,314 |
| 2011 | $87,100 | $62,000 | $149,100 | $2,016 |
| 2010 | $81,700 | $68,000 | $149,700 | $2,077 |
| 2009 | $112,100 | $68,000 | $180,100 | $2,055 |
| 2008 | $119,300 | $82,000 | $201,300 | $246 |
Property facts
Year built
1998
Property type
single_family
Stories
—
Beds
2
Baths
2
Living area
1,308 sqft
Lot size
15,682 sqft
ZIP code
98223
City
Arlington
Street
Rainbow Dr
Coordinates
48.10743, -122.00390
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,008
Gross rental yield
7.12%
Implied cap rate
4.63%
Trend-extrapolated value
—
Frequently asked questions
When did 12231 Rainbow Dr last sell?
12231 Rainbow Dr most recently sold on Apr 29, 2022 for $507,000.
What is the current tax assessment for 12231 Rainbow Dr?
The most recent total assessment for 12231 Rainbow Dr (year 2026) is $460,800 with $3,646 in property tax.
How does 12231 Rainbow Dr's assessment compare to its last sale price?
The current assessment is 9.1% below the last sale price of $507,000.
When was 12231 Rainbow Dr built?
12231 Rainbow Dr was built in 1998.
How does 12231 Rainbow Dr compare to others on Rainbow Dr?
We track 8 other properties on Rainbow Dr. Browse the list under "Other properties on Rainbow Dr" to compare beds, baths, and sale history.
What are the property facts for 12231 Rainbow Dr?
12231 Rainbow Dr is a 2 bed, 2 bath, 1,308 sqft, 15,682 sqft lot single_family.
Is 12231 Rainbow Dr a flip candidate?
No — 12231 Rainbow Dr does not appear in our flips dataset.
Is 12231 Rainbow Dr a tax-appeal candidate?
No — 12231 Rainbow Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-2.3%
Implied 1-yr
-9.4%
2026 Q3
$589.4K
2026 Q4
$573.1K
ZIP 98223 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Rainbow Dr