Sold for $988,000

Listed by: Tradition Real Estate Partners • JAKE LUCEY • Contact: Direc: 503-999-6578

Bought with: Realty One Group Willamette Valley

$988,000

7002 Rainbow Dr SE, Salem, OR 97306

6beds

6,777sqft

Single Family Residence

Built in 1996

2.01 Acres Lot

$982,200 Zestimate^®

$146/sqft

$5,505 Estimated rent

Home value

$982,200

$913,000 - $1.06M

$5,505/mo

Zestimate^® history

Owner options

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$5,505/mo

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$5,505/mo

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$6,289/mo

Est. payment

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$6,289/mo

Est. payment

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What's special

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 5
Full bathrooms: 4
1/2 bathrooms: 1

Dining room

Features: Area (Combination), Formal

Heating

Electric, Forced Air

Cooling

Central Air

Appliances

Included: Dishwasher, Disposal

Features

Other(Refer to Remarks)
Flooring: Carpet
Basement: Daylight
Has fireplace: Yes
Fireplace features: Living Room

Interior area

Total structure area: 6,777
Total interior livable area: 6,777 sqft

Property

Parking

Total spaces: 3
Parking features: Attached
Attached garage spaces: 3

Features

Levels: Two
Stories: 2
Patio & porch: Deck
Fencing: Partial

Lot

Size: 2.01 Acres
Features: Irregular Lot, Landscaped

Details

Additional structures: RV/Boat Storage
Parcel number: 561418

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Foundation: Continuous
Roof: Composition

Condition

New construction: No
Year built: 1996

Community & HOA

HOA

Has HOA: No

Location

Region: Salem

Financial & listing details

Price per square foot: $146/sqft
Tax assessed value: $1,579,190
Annual tax amount: $10,591
Price range: $988K - $988K
Date on market: 3/18/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional

Price history

Date	Event	Price
4/24/2026	Sold	$988,000-10.2%$146/sqft
Source: WVMLS #838724 Report a problem
3/23/2026	Contingent	$1,100,000$162/sqft
Source: WVMLS #838724 Report a problem
3/23/2026	Listing removed	$1,100,000$162/sqft
Source: WVMLS #838724 Report a problem
3/21/2026	Contingent	$1,100,000$162/sqft
Source: WVMLS #838724 Report a problem
3/18/2026	Listed for sale	$1,100,000$162/sqft
Source: WVMLS #838724 Report a problem
2/28/2026	Listing removed	$1,100,000$162/sqft
Source: WVMLS #832421 Report a problem
8/8/2025	Listed for sale	$1,100,000+112.8%$162/sqft
Source: WVMLS #832421 Report a problem
8/9/2013	Sold	$517,020-31.5%$76/sqft
Source: Public Record Report a problem
9/13/2005	Sold	$755,000$111/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$10,591 +3%	$834,350 +3%
2024	$10,280 +2.5%	$810,050 +6.1%
2023	$10,034 +2.5%	$763,560
2022	$9,786 +2.7%	$763,560 +3%
2021	$9,532 +2.8%	$741,330 +6.1%
2020	$9,275 +3.8%	$698,780
2019	$8,936 +1.3%	--
2018	$8,822	--
2017	$8,822 +19.6%	--
2016	$7,377	--
2015	$7,377 +1.9%	--
2014	$7,240	--