NOT LISTED FOR SALE

1075 Rainbow Valley Ln SE Salem, OR 97306

Salem Hills Neighborhood

Estimated Value: $894,370

4 Beds
3.5 Baths
3,416 Sq Ft
$262/Sq Ft Est. Value

Last Sold March 15, 2019

Last sale price $627,000 $184 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $5,378/month

192 Days on Market

Highlights

  • RV Access or Parking
  • Deck
  • Territorial View
  • 2 Acre Lot
  • Family Room with Fireplace
  • Wood Flooring

About This Home

As of March 2019

Location! Country beauty yet close to everything. Gorgeous home w/wonderful floor plan on 2.0 acres. Beautiful lrg Master Suite w/ built-in dressers in the lrg WIC, jetted tub & lrg dual head tiled shower & private trex type deck. Light, open, Cook's ktchn w/slab granite & SS appliances. Great Room style living w/ gas FP, Trex type deck, & lrg den open to entry. Huge Laundry, 3 car grge w/pet washing station. Lovely 2nd Master Suite in daylight basement w/family room, 2 more BR's & VERY lrg aggregate patio.

Last Agent to Sell the Property

GARNET LONG

HOMESMART REALTY GROUP License #890900087 Listed on: 08/03/2018

HOMESMART REALTY GROUP

Last Buyer's Agent

Phillip Currie

JOHN L. SCOTT-SALEM License #920300103

JOHN L. SCOTT-SALEM

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,338

Year Built

  • Built in 2006

Lot Details

  • 2 Acre Lot
  • Fenced Yard
  • Landscaped
  • Sprinkler System
  • Property is zoned AR2

Home Design

  • Composition Roof
  • Lap Siding

Interior Spaces

  • 3,416 Sq Ft Home
  • Gas Fireplace
  • Family Room with Fireplace
  • Home Office
  • First Floor Utility Room
  • Territorial Views
  • Natural lighting in basement

Kitchen

  • Built-In Range
  • Down Draft Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Parking

  • 3 Car Attached Garage
  • RV Access or Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Well
  • Gas Water Heater
  • Septic System
  • High Speed Internet

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,338

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Class: Residential
  • Type: Residence
  • Dual Living: Possible
  • Home Warranty: Yes
  • Range Facility: Gas, Built-In, Microwave Included, Range Included, Downdraft
  • Syndicated Remarks: Location! Country beauty yet close to everything. Gorgeous home w/wonderful floor plan on 2.0 acres. Beautiful lrg Master Suite w/ built-in dressers in the lrg WIC, jetted tub & lrg dual head tiled shower & private trex type deck. Light, open, Cook's ktchn w/slab granite & SS appliances. Great Room style living w/ gas FP, Trex type deck, & lrg den open to entry. Huge Laundry, 3 car grge w/pet washing station. Lovely 2nd Master Suite in daylight basement w/family room, 2 more BR's & VERY lrg aggregate patio.
  • Cross Street: Reese Hill
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Dishwasher: Yes
  • Disposal: Yes
  • Fireplace: Family Room, Gas
  • Negotiable Inclusions: Pool table, Fridge in Kitchen, W+D in Laundry Room
  • Flooring: Carpet, Wood, Laminate, Vinyl
  • Total Bathrooms: 3.5
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Number of Main Level Bathrooms: 1.5
  • Number of Lower Level Bathrooms: 2
  • Bedrooms: 4
  • Master Bedroom: On Level: 1/Main
  • Bedroom 2: On Level: Lower/Basement
  • Bedroom 3: On Level: Lower/Basement
  • Bedroom 4: On Level: Lower/Basement
  • Additional Room: On Level: 1/Main
  • Basement: Daylight
  • Dining Room: 1/Main, On Level: 1/Main
  • Family Room: On Level: Lower/Basement
  • Living Room: On Level: 1/Main
  • Kitchen: On Level: 1/Main
  • Utility Room Level: 1/Main
  • Bonus Rooms: Office
  • Price Per Sq Ft: 183.55
  • Source Of Sq Ft: County
  • Price Per Sq Ft: 195.84

Exterior Features

  • Patio: Covered Patio, Deck
  • Exterior Color: Tan
  • Fenced Yard: Yes
  • Foundation: Continuous
  • Landscape: Yes
  • Out Buildings: Shed
  • Roof: Composition
  • Siding: Fiber Cement
  • Siding Style: Lap
  • View: Territorial

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 3

Utilities

  • Heating/Cooling: Gas, Central Ac, Forced Air
  • High Speed Comm Access: Present
  • Septic: Standard
  • Water: Well
  • Water Heater: Gas

Schools

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

Lot Info

  • Acres: 2
  • Estimated Lot Sq Ft: 87120
  • Lot: 1
  • Price Per Acre: 334500
  • Rv Amenities: Area/Room For
  • Underground Sprinklers: Yes
  • Zoning: AR2
  • Geo Subdivision: OR

Tax Info

  • Tax Years: 2017
  • Tax Account Number: R61419
  • Tax Amount: 4338

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2018
Closed on
Mar 13, 2019
Sold by
Watters Scott and Watters Megan
Bought by
Sommers Zachary and Sommers Jesse
Seller's Agent
GARNET LONG
HOMESMART REALTY GROUP
Buyer's Agent
Phillip Currie
JOHN L. SCOTT-SALEM
List Price
$669,000
Sold Price
$627,000
Premium/Discount to List
-$42,000
-6.28%
Current Estimated Value
$894,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,370
Original Mortgage
$470,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 16, 2013
Closed on
Oct 24, 2013
Sold by
Parker Michael J and Parker Cora R
Bought by
Watters Scott and Watters Megan
List Price
$529,900
Sold Price
$431,700
Premium/Discount to List
-$98,200
-18.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.17%
Original Mortgage
$345,350
Interest Rate
4.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2005
Sold by
Hoke Patrick J and Hoke Sheryl K
Bought by
Parker Michael J and Parker Cora R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,000
Interest Rate
5.64%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 12, 2004
Sold by
Ward Ronald G
Bought by
Hoke Patrick J and Hoke Sheryl K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sommers Zachary $627,000 Amerititle
Watters Scott $431,700 Amerititle
Parker Michael J $175,500 Ticor Title
Hoke Patrick J $152,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sommers Zachary $451,400
Closed Sommers Zachary $470,000
Previous Owner Watters Scott $338,800
Previous Owner Watters Scott $345,350
Previous Owner Parker Michael J $540,000
Previous Owner Parker Michael J $139,850
Previous Owner Parker Michael J $498,000
Previous Owner Hoke Patrick J $108,750
Closed Hoke Patrick J $30,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2019 03/15/19 Sold $627,000 -6.3% $184 / Sq Ft
02/06/2019 02/06/19 For Sale $669,000 +6.7% $196 / Sq Ft
02/02/2019 02/02/19 Off Market $627,000 -- --
10/12/2018 10/12/18 Price Changed $669,000 -0.9% $196 / Sq Ft
09/05/2018 09/05/18 Price Changed $675,000 -2.2% $198 / Sq Ft
08/03/2018 08/03/18 For Sale $690,000 +59.8% $202 / Sq Ft
10/25/2013 10/25/13 Sold $431,700 -18.5% $126 / Sq Ft
09/19/2013 09/19/13 Pending -- -- --
05/16/2013 05/16/13 For Sale $529,900 -- $155 / Sq Ft
Source: Willamette Valley MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,770 $454,650 -- --
2023 $5,631 $441,410 $0 $0
2022 $5,328 $428,560 $0 $0
2021 $5,189 $416,080 $0 $0
2020 $5,887 $403,970 $0 $0
2019 $5,680 $392,210 $0 $0
2018 $4,952 $0 $0 $0
2017 $4,338 $0 $0 $0
2016 $4,140 $0 $0 $0
2015 $4,255 $0 $0 $0
2014 $4,067 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2019

    GARNET LONG

    HOMESMART REALTY GROUP

    (503) 302-7822

    25 Total Sales

    Section Image
  • Phillip Currie

    Buyer's Agent in 2019

    Phillip Currie

    JOHN L. SCOTT-SALEM

    (503) 580-7588

    1 in this area

    56 Total Sales

    Section Image
  • John Tate

    Seller Co-Listing Agent in 2013

    John Tate

    BHHS Oregon- Professionals

    (503) 580-6540

    74 Total Sales

    Section Image
See All Agents

Map

Source: Willamette Valley MLS

MLS Number: 737489

Willamette Valley MLS

APN: 561419

Oregon Marion County Salem 97306 Salem Hills

1075 Rainbow Valley Ln SE, Salem, OR

This home is located at 1075 Rainbow Valley Ln SE, Salem, OR 97306 since 03 August 2018 and is currently priced at $894,370, approximately $261 per square foot. This property was built in 2006. 1075 Rainbow Valley Ln SE is a home located in Marion County with nearby schools including Battle Creek Elementary School, Judson Middle School, and Sprague High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Willamette Valley MLS Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided ‘AS IS’ and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market. WVMLS Member Broker: Arlene Richardson

Nearby Homes