This home's estimate is 38.6% lower than the average sale price ($530K) of 6 comparable homes.
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28387 Rainbow Valley Rd, Eugene, OR 97402
About this home
Did someone say fixer? Tear it down or rebuild? Here is an opportunity to own 5 acres of beautiful close in country property with a home that needs a lot of attention. There is no information regarding the condition of the property or the well and septic, as the home is in a conservatorship. This home will be on the market for offers until May 13, when any and all offers will be reviewed. The seller reserves the right to accept an offer at any time, so please don’t wait until the last minute for your private viewings and due diligence. Closing to be between June 2-15, 2025..Please do not drive on to or enter the property without an appointment with your favorite realtor. Be very cautious and careful when viewing, as this home belongs to extreme hoarders. No drive bys! Cash or hard money only! Seller to make no repairs. Sold in “as is “ condition.

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Market trends in 97402, OR
Last updated August 2026
Buyer's Market
Seller's Market
Seller's market
- NEW 1 HR AGO
- NEW 2 HRS AGO$45,0002 beds1 bath648 sq ft1415 S Bertelsen Rd #40, Eugene, OR 97402Michael O'Rourke • Better Homes and Gardens Real Estate Equinox
- NEW 4 HRS AGO
- NEW 21 HRS AGO$149,9973 beds2 baths1,188 sq ft1699 N Terry St #20, Eugene, OR 97402Alva Bracey • Coldwell Banker Coast Real Est
- NEW 23 HRS AGO$523,0003 beds3 baths2,003 sq ft1871 Heitzman Way, Eugene, OR 97402Rhett Ortmann • Rhettro Real Estate LLC
- $445,0003 beds2 baths1,334 sq ft6087 Geyser Peak Pl, Eugene, OR 97402Brian Kester • Bell Real Estate
- $85,0002 beds2 baths1,152 sq ft1199 N Terry St #228, Eugene, OR 97402Jessica Bahena • RE/MAX Integrity
- HOT HOME$429,9004 beds2 baths1,438 sq ft1390 Buck St, Eugene, OR 97402Shahalie Evans • Assist 2 Sell-Buyers & Sellers
- COMING SOON$355,0002 beds1 bath1,140 sq ft2250 Devos St, Eugene, OR 97402Matt Kendall • Keller Williams Realty Eugene and Springfield
See all
Provided by Redfin
Sale history for 28387 Rainbow Valley Rd
$223/sq ft
$210/sq ft
$39/sq ft
Tax history for 28387 Rainbow Valley Rd
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Parking Features: Driveway
- RV Description: RV Parking
- Parking Total: 2
- Garage Information
- Garage Type: Detached
- Garage Spaces: 2
Interior
- Appliances
- Hot Water Description: Electricity
- Interior Features
- Interior Features: Wood Floors
- Fireplace YN: Yes
- Fireplaces Total: 1
- Fireplace Features: Stove, Wood Burning
- Window Features: Aluminum Frames, Double Pane Windows, Vinyl Frames
- Bathroom Information
- Bathrooms Full: 1
- Bathrooms Full Main Level: 1
- Bathrooms Total Integer: 1
- Bathrooms Total Main Level: 1
- Baths Total: 1
- Room 7 Information
- Description: 2nd Bedroom
- Level: Main
- Room 9 Information
- Description: Dining Room
- Room 10 Information
- Description: Family Room
- Room 11 Information
- Description: Kitchen
- Level: Main
- Room 12 Information
- Description: Living Room
- Level: Main
- Room 13 Information
- Description: Primary Bedroom
- Level: Main
- Room 14 Information
- Description: Great Room
Exterior
- Exterior Features
- Roof: Composition
- Exterior Features: Tool Shed, Yard
- Exterior Description: Plywood
- Lot Information
- Lot Size Square Feet: 217,800
- Lot Size Range: 5 to 6.99 Acres
- Lot Size Acres: 5
- Lot Size: 5 to 6.99 Acres
- Lot Features: Level, Private, Sloped, Trees
- Parcel Number: 1154978
- Road Surface Type: Gravel
- Property Information
- Property Type: Residential
- Property Sub Type: Single Family Residence
- Property Attached YN: No
- Property Condition: Fixer
- Main Level Area Total: 1,190
- Security Features: None
- View YN: Yes
- View Description: Valley
- Building Information
- Year Built: 1960
- Building Area Total: 1,190
- Building Area Description: tax record
- Building Area Calculated: 1,190
Financial
- Tax Information
- Tax Year: 2024
- Tax Legal Description: 18-04-18-0003002
- Tax Annual Amount: $2,667.41
- Lease / Rent Information
- Land Lease YN: No
Utilities
- Utility Information
- Green Certification YN: No
- Fuel Description: Electricity, Wood Burning
- Water Source: Well
- Sewer: Standard Septic
- Heating & Cooling
- Heating YN: Yes
- Heating: Wood Stove
- Cooling YN: No
Location
- School Information
- Elementary School: Twin Oaks
- Middle Or Junior School: Kennedy
- High School: Churchill
- Location Information
- Directions: Gimpl HIll to Rainbow Valley
- Unparsed Address: 28387 RAINBOW VALLEY RD, Eugene, OR 97402
- Community Information
- Senior Community YN: No
- Zoning: RR5
Public facts
- Beds: 2
- Baths: 1.0
- Sq. Ft.: 1,190
- Stories: 1.0
- Lot Size: 5 acres
- Style: Single Family Residential
- Year Built: 1960
- Year Renovated: —
- County: Lane County
- APN: 1154978
Other
- Listing Information
- MlsStatus: Sold
- Listing Price Information
- Price Type: List Price
- New Construction Information
- New Construction YN: No
Around this home
Schools
Public K-5 • Assigned • 2.4mi
Public 6-8 • Assigned • 4.2mi
Public 9-12 • Assigned • 4.5mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
0.15% chance of being in a wildfire in next 30 years
7 days above 92° expected this year, 15 days in 30 years
Minimal risk of severe winds over next 30 years
13 unhealthy days expected this year, 13 days in 30 years
Sun exposure
In this area, properties receive around 10.5 hours in June and 2.2 hours in December, placing it below the U.S. average for solar exposure.
Nearby similar homes
New listings for sale in 97402
Home values near 28387 Rainbow Valley Rd
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 4141 Sq. Ft. | $853,123 |
1 Beds | 1 Baths | 1378 Sq. Ft. | $466,576 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 2.5 Baths | 4140 Sq. Ft. | — |
4 Beds | 3 Baths | 2245 Sq. Ft. | $774,473 |
| Address | Redfin Estimate |
|---|---|
- Beds | 1 Baths | 1512 Sq. Ft. | $393,595 |
2 Beds | 1 Baths | 1466 Sq. Ft. | $539,093 |
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