1060 Rainbow Ln
Des Moines, WA 98198
5 bd 3 ba 3,380 sqft Built 1960 Lot 26,001 sqft single_family
Most recent sale
$1,150,000
May 27, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 24, 2024 | Sold | $1,220,000 | NWMLS |
| May 7, 2024 | Listed | $1,275,000 | NWMLS |
| May 27, 2022 | Sold | $1,150,000 | Public Record |
| May 26, 2022 | Sold | $1,150,000 | MLS #1905925 |
| May 5, 2022 | Price changed | $950,000 | MLS #1905925 |
| Apr 9, 2022 | Listed | $798,500 | MLS #1905925 |
| Dec 19, 2016 | Sold | $585,000 | MLS #1027353 |
| Sep 9, 2016 | Listed | $625,000 | MLS #1027353 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $426,000 | $426,000 | $852,000 | $10,647 |
| 2024 | $643,000 | $254,000 | $897,000 | $10,009 |
| 2023 | $654,000 | $220,000 | $874,000 | $10,023 |
| 2022 | $519,000 | $180,000 | $699,000 | $9,147 |
| 2021 | $455,000 | $157,000 | $612,000 | $8,471 |
| 2020 | $455,000 | $157,000 | $612,000 | $8,087 |
| 2019 | $439,000 | $150,000 | $589,000 | $6,882 |
| 2018 | $379,000 | $155,000 | $534,000 | $7,255 |
| 2017 | $334,000 | $148,000 | $482,000 | $5,975 |
| 2016 | $262,000 | $135,000 | $397,000 | $5,369 |
| 2015 | $237,000 | $125,000 | $362,000 | $5,046 |
| 2014 | $219,000 | $118,000 | $337,000 | $4,190 |
| 2013 | $154,000 | $108,000 | $262,000 | $4,359 |
| 2012 | $153,000 | $127,000 | $280,000 | $4,335 |
| 2011 | $179,000 | $152,000 | $331,000 | $4,406 |
| 2010 | $191,000 | $152,000 | $343,000 | $4,402 |
| 2009 | $353,000 | $103,000 | $456,000 | $5,200 |
| 2007 | $316,000 | $99,000 | $415,000 | $4,110 |
Property facts
Year built
1960
Property type
single_family
Stories
1
Beds
5
Baths
3
Living area
3,380 sqft
Lot size
26,001 sqft
ZIP code
98198
City
Des Moines
Street
Rainbow Ln
Coordinates
47.39856, -122.31874
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$7,774
Gross rental yield
8.11%
Implied cap rate
5.27%
Trend-extrapolated value
—
Frequently asked questions
When did 1060 Rainbow Ln last sell?
1060 Rainbow Ln most recently sold on May 27, 2022 for $1,150,000.
What is the current tax assessment for 1060 Rainbow Ln?
The most recent total assessment for 1060 Rainbow Ln (year 2025) is $852,000 with $10,647 in property tax.
How does 1060 Rainbow Ln's assessment compare to its last sale price?
The current assessment is 25.9% below the last sale price of $1,150,000.
When was 1060 Rainbow Ln built?
1060 Rainbow Ln was built in 1960.
How does 1060 Rainbow Ln compare to others on Rainbow Ln?
We track 2 other properties on Rainbow Ln. Browse the list under "Other properties on Rainbow Ln" to compare beds, baths, and sale history.
What are the property facts for 1060 Rainbow Ln?
1060 Rainbow Ln is a 5 bed, 3 bath, 3,380 sqft, 26,001 sqft lot single_family.
Is 1060 Rainbow Ln a flip candidate?
No — 1060 Rainbow Ln does not appear in our flips dataset.
Is 1060 Rainbow Ln a tax-appeal candidate?
No — 1060 Rainbow Ln 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
-9.3%
2026 Q3
$422K
2026 Q4
$410.5K
ZIP 98198 — Median Price History + Forecast
Explore nearby
Geography
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