Beautiful home with waterfront views! This spacious property offers 3 bedrooms and 3 bathrooms on 1.37 acres, featuring approximately 350 feet of waterfront with a peaceful slough on the right side of the property. Enjoy lake life with a covered pier, plus a huge yard perfect for entertaining family and friends. This home has a fireplace, 2 dens, a living room/dining room, and a bonus room downstairs with a kitchen—ideal for guests or entertaining. Additional highlights include a fire pit, space for parties, a large garage, laundry room, wine/canning cellar, large storage building, and the primary suite on the main level. Just move in or add your personal touch!
Sold for $375,000
$375,000
5492 Gilmer Ln, Rainbow City, AL 35906
3beds
3,321sqft
Single Family Residence
Built in 1968
1.37 Acres Lot
$383,200 Zestimate®
$113/sqft
$2,542 Estimated rent
Home value
$383,200
$333,000 - $441,000
$2,542/mo
Zestimate® history
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$1,751/mo
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List your homeWhat's special
Large garageLaundry roomCovered pierWaterfront viewsLarge storage buildingFire pit
Zillow last checked:
Listing updated:
Listed by:
Jamie Carlton 256-441-1607,
Impact Realty, LLC
Bought with:
Jamie Carlton, 136921
Impact Realty, LLC
Source: ValleyMLS,MLS#: 21905771
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Master Bedroom, Living Room, Bedroom 2, Dining Room, Bedroom 3, Kitchen, Family Room, Breakfast, Recreation Room
Primary bedroom
- Features: Ceiling Fan(s)
- Level: First
- Area: 192
- Dimensions: 12 x 16
Bedroom 2
- Level: First
- Area: 210
- Dimensions: 14 x 15
Bedroom 3
- Level: Second
- Area: 208
- Dimensions: 13 x 16
Dining room
- Features: Ceiling Fan(s)
- Level: First
- Area: 238
- Dimensions: 17 x 14
Family room
- Level: First
- Area: 323
- Dimensions: 17 x 19
Kitchen
- Features: Smooth Ceiling
- Level: First
- Area: 143
- Dimensions: 11 x 13
Living room
- Features: Ceiling Fan(s)
- Level: First
- Area: 273
- Dimensions: 13 x 21
Den
- Level: Second
- Area: 273
- Dimensions: 13 x 21
Heating
- Central 1
Cooling
- Central 1
Features
- Basement: Basement
- Number of fireplaces: 1
- Fireplace features: One
Interior area
- Total interior livable area: 3,321 sqft
Property
Parking
- Parking features: Garage-Two Car, Garage-Attached
Features
- Levels: Two
- Stories: 2
- Exterior features: Dock
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: Water Access, Seawall Concrete, Waterfront
- Body of water: Coosa River,Canoe Creek
Lot
- Size: 1.37 Acres
Details
- Parcel number: 200417000148.000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1968
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Community & HOA
Community
- Subdivision: Canoe Creek Estates
HOA
- Has HOA: No
Location
- Region: Rainbow City
Financial & listing details
- Price per square foot: $113/sqft
- Tax assessed value: $313,100
- Annual tax amount: $1,235
- Date on market: 12/15/2025
Price history
| Date | Event | Price |
|---|---|---|
| 3/11/2026 | Sold | $375,000-6.2%$113/sqft |
Source:  ValleyMLS #21905771 Report a problem | ||
| 1/17/2026 | Contingent | $399,900$120/sqft |
Source: ValleyMLS #21905771 Report a problem | ||
| 12/15/2025 | Listed for sale | $399,900+37.9%$120/sqft |
Source: ValleyMLS #21905771 Report a problem | ||
| 5/17/2021 | Sold | $290,000+3.9%$87/sqft |
Source: ValleyMLS #1778570 Report a problem | ||
| 4/16/2021 | Contingent | $279,000$84/sqft |
Source: ValleyMLS #1778570 Report a problem | ||
| 4/10/2021 | Listed for sale | $279,000$84/sqft |
Source: ValleyMLS #1778570 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,235 | $31,320 |
| 2024 | $1,235 -0.1% | $31,320 -0.1% |
| 2023 | $1,236 +24.4% | $31,340 +23.3% |
| 2022 | $993 -35.6% | $25,420 -32.5% |
| 2021 | $1,543 | $37,640 |
| 2020 | $1,543 | $37,640 +0.9% |
| 2019 | $1,543 +0.9% | $37,300 +100.1% |
| 2017 | $1,529 | $18,640 |
| 2016 | -- | $18,640 |
| 2015 | -- | $18,640 +1.1% |
| 2013 | -- | $18,440 -2.5% |
| 2012 | -- | $18,920 |
| 2011 | -- | $18,920 |
| 2010 | -- | $18,920 |
Find assessor info on the county website
Neighborhood: 35906
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Nearby schools
GreatSchools rating
- 10/10John S Jones Elementary SchoolGrades: PK-5Distance: 5.5 mi
- 6/10Rainbow Middle SchoolGrades: 6-8Distance: 5.4 mi
- 6/10Southside High SchoolGrades: 9-12Distance: 6.1 mi
Schools provided by the listing agent
- Elementary: John S Jones Elementary
- Middle: Rainbow
- High: Southside High School
Source: ValleyMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$383,200
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$383,200
- Alabama
- Etowah County
- Rainbow City
- 35906
- 5492 Gilmer Ln
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