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$1,100,000

  • For Sale
  • Active
  • Single Family
  • 6 Beds
  • 4 Full Baths
  • 1 Partial Bath
  • 6,777 Sq. Ft.

Listed By: JAKE. LUCEY | Coldwell Banker Mountain West Real Estate, Inc. | (503) 999-6578 | Direc: 503-999-6578

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True value in a great location! Stunning custom home w/ endless possibilities. Dual Liv. potential, views, a pond, & privacy, what else could you want? Spacious BRs, lrg Primary w/ huge ensuite & views. Open concept LR/Kit, formal Din. Rm., Office, & mudroom all on main floor. Downstairs feat. Lrg. Fam. Rm, movie theater, basketball court, cov. patio, wonderful sauna, potential for dual living, & 2 BRs. Ext. is private and secluded with access to a pod and a blank slate for landscaping. This is a must see!

Full Property Details for 7002 Rainbow Dr SE

General

  • Price: $1,100,000
  • Taxes: $10,281 (24-25)
  • Status: Active
  • Type: Single Family
  • Source: WVMLS
  • MLS ID: 832421
  • Updated: 8/11/2025
  • Added to Site: 165 day(s) ago

Interior

  • Flooring: Carpet, Tile, Vinyl, Wood

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 6

Parking

  • Garage Description: Attached

Location

  • County: SOUTHEAST SALEM
  • Driving Directions: Follow Rainbow Dr and go straight at the road curve onto the gravel drive, house at the end of the private drive, no house numbers on property, USE GPS!

School Information

  • Elementary School: Battlecreek
  • Middle School: Judson
  • High School: Sprague

Heating & Cooling

  • Heating/Cooling: Electric, Heat Pump, Forced Air
  • Water Heater: Electric

Utilities

  • Water: Well

Structural Information

  • Basement Desc.: Daylight, Finished
  • Roof: Composition
  • Square Feet: 6,777
  • Year Built: 1996

Lot Features

  • Lot Size (Acres): 2.01
  • Lot Size (Sq. Ft.): 87,556
  • Zoning: AR
  • Lot Description: 1

Financial Considerations

  • Price Per Sq. Ft.: $162.31
  • Price Per Acre: $547,263.68
  • Assessment Year: 1996
  • Tax Amount: $10,281
  • Tax Year: 24-25

Disclosures and Reports

  • APN: 16' x 9'10
  • Lot Number: 1

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Schools serving 7002 Rainbow Dr SE

School District:Salem-Keizer School District 24j
NameGradesDistance
Battle Creek Elementary School
1640 Waln Drive Southeast, Salem, OR 97306
K-51 mi
Judson Middle School
4512 Jones Road Southeast, Salem, OR 97302
6-82.5 mi
Sprague High School, Salem, OR
2373 Kuebler Boulevard, Salem, OR 97302
9-123.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7002 Rainbow Dr SE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/08/2025
Listed
$1,100,000
112.76%
MLS
8/08/2013
Sold
$517,020
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7002 Rainbow Dr SE

Year
Property Taxes
Change
Tax Assessment
Change
2024
$10,280
2%
$810,050
3%
2023
$10,034
5%
$786,460
6%
2021
$9,532
-3%
$741,330
-3%
2022
$9,786
6%
$763,560
6%
2020
$9,275
7%
$719,740
3%
2019
$8,668
-2%
$698,780
3%
2018
$8,822
14%
$678,430
3%
2017
$7,730
5%
$658,670
3%
2016
$7,377
-3%
$639,490
3%
2015
$7,581
5%
$620,870
3%
2014
$7,240
1%
$602,790
3%
2013
$7,170
—
$585,240
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Sold by Non Rmls Broker, OR and WA Non Rmls

7002 Rainbow Dr SE, Salem, OR 97306 (MLS# 832421) is a Single Family property with 6 bedrooms, 4 full bathrooms and 1 partial bathroom. 7002 Rainbow Dr SE is currently listed for $1,100,000 and was received on August 08, 2025. Want to learn more about 7002 Rainbow Dr SE? Do you have questions about finding other Single Family real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

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