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$1,100,000

  • For Sale
  • Active
  • Single Family
  • 6 Beds
  • 5 Full Baths
  • 6,777 Sq. Ft.
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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, & 3 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

General

  • Price: $1,100,000
  • Taxes: $10,280 (2024)
  • Status: Active
  • Type: Single Family
  • Source: RWMLS
  • MLS ID: 709097567
  • Updated: 9/12/2025
  • Added to Site: 162 day(s) ago

Interior

  • Interior Features: 3rd Floor, High Ceilings, Home Theater, Tile Floor, Vaulted Ceiling(s), Vinyl Floor, Wall to Wall Carpet, Wood Floors

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Upper - Full Baths: 2
  • Main - Full Baths: 1
  • Lower - Full Baths: 2

Bedrooms

  • Total Bedrooms: 6
  • Primary Bedroom: 17 x 22, Upper, 374 Sq. Ft.
  • Bedroom 2: 11 x 15, Upper, 165 Sq. Ft.
  • Bedroom 3: 11 x 16, Upper, 176 Sq. Ft.
  • Bedroom 4: 16 x 10, Lower, 160 Sq. Ft.
  • Bedroom 5: 13 x 13, Lower, 169 Sq. Ft.
  • Bedroom 6: 11 x 16, Lower, 176 Sq. Ft.

Other Rooms

  • Living Room: 19 x 22, Main, 418 Sq. Ft.
  • Family Room: 14 x 13, Main, 182 Sq. Ft.
  • Kitchen: 13 x 15, Main, 195 Sq. Ft.
  • Dining Room: 11 x 16, Main, 176 Sq. Ft.

Exterior

  • Exterior Features: Basketball Court, Deck, Patio, Yard

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Total Spaces: 3
  • Parking Features: Driveway

Location

  • County: Marion
  • Driving Directions: Follow Rainbow Dr and go straight at the road curve onto the gravel drive. USE GPS, no house numbers

School Information

  • Elementary School: Battle Creek
  • Middle School: Judson
  • High School: Sprague

Community

  • Community Name: 172 - Marion Co: South Salem

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Heat Pump
  • Heating Type: Forced Air
  • Heating Fuel: Electricity

Utilities

  • Sewer: Standard Septic
  • Water: Well
  • Well: Yes

Structural Information

  • Property Detached: Yes
  • Architectural Style: Tri Level
  • Basement Desc.: Daylight, Finished
  • Roof: Composition
  • Windows: Double Pane Windows
  • Stories/Levels: 3
  • Square Feet: 6,777
  • Year Built: 1996
  • Property Condition: Approximately

Lot Features

  • Lot Size (Acres): 2.01
  • Lot Size (Sq. Ft.): 87,555
  • Lot Size: 1 to 2.99 Acres
  • Frontage: Gravel
  • Lot Features: Pond, Secluded, Trees

Water Features

  • Water Front: Yes
  • Water Front Name: Pond
  • Water Front Desc.: Other

Financial Considerations

  • Tax Amount: $10,280.49
  • Tax Year: 2024
  • Terms: Cash, Conventional, VA Loan

Disclosures and Reports

  • Legal Description: P.P. 2006-081, PARCEL 1, ACRES 2.01
  • Disclosures/Reports: Disclosure
  • Property ID: 561418

Listed by Coldwell Banker Mountain West (503) 364-9596, Jake Lucey (503) 999-6578

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Listing agent

— 7002 Rainbow Dr —

  • Jake Lucey

    Coldwell Banker Mountain West

    503-364-9596

coldwellbanker@cboregon.com

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 7002 Rainbow Dr

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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/11/2025
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

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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Listed by Coldwell Banker Mountain West (503) 364-9596, Jake Lucey (503) 999-6578

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Sold by Non Rmls Broker, OR and WA Non Rmls

7002 Rainbow Dr, Salem, OR 97306 (MLS# 709097567) is a Single Family property with 6 bedrooms and 5 full bathrooms. 7002 Rainbow Dr is currently listed for $1,100,000 and was received on August 11, 2025. Want to learn more about 7002 Rainbow Dr? 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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