Listed by Realty One Group Orca, Bought with Coldwell Banker Bain
$315,000
SOLD DEC 5, 2022

1345 Rainbow Ln Camano Island, WA 98282

2 Beds
2 Baths
1,768 Sq Ft
8,750 Sq Ft Lot

Recently Sold

$178 Per Sq Ft

16% Below List Price

3 Days on Market

Highlights

  • Views of a Sound
  • 2 Car Attached Garage
  • Partially Fenced Property
  • Deck
  • 1-Story Property
  • Brush Vegetation

About This Home

As of September 2023

Fixer, this extraordinary 2 beds on the main home with daylight basement. Enjoy spectacular views of the Saratoga Passage and Whidbey Island! The main level hosts an open floor concept with wood burning fireplace, expansive kitchen, large dining area, lovely living room and step out on to the deck that runs the full length of the home for your amazing view. You will also enjoy Camano Country Club membership w/3 private beaches, a club house w/indoor heated pool/spa option.

Last Agent to Sell the Property

Merrilee O’Brien

Realty One Group Orca License #105144 Listed on: 11/12/2022

Realty One Group Orca

Last Buyer's Agent

Roberta Larson

Coldwell Banker Bain License #110144

Coldwell Banker Bain

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1994963

Northwest Multiple Listing Service (NWMLS)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,318

Year Built

  • Built in 1970

Lot Details

  • 8,750 Sq Ft Lot
  • Partially Fenced Property
  • Brush Vegetation
  • Steep Slope

HOA Fees

  • $185 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,768 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Views of a Sound
  • Natural lighting in basement

Kitchen

  • Oven or Range
  • Stove
  • Dishwasher

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck

Utilities

  • Septic Tank
  • Septic System
  • Cable TV Available

Community Details

  • Country Club Subdivision

Listing and Financial Details

  • Assessor Parcel Number S625006060230

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,318

Year Built

Built in 1970

Lot Details

0

HOA Fees

$185 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Residential
  • StyleCode: 16 - 1 Story w/Bsmnt.
  • Year Built: 1970
  • Inclusions: Dishwasher,StoveRange
  • MLS Status: Sold
  • Prev Status: Closed
  • Unit Levels: One
  • New Construction: No
  • CalculatedSquareFootage: 1768
  • SeniorExemption: false
  • Special Features: None
  • Cumulative Days on Market: 965

Interior Features

  • Fireplaces: 1
  • Basement: Daylight
  • Appliances: Dishwasher, Stove/Range
  • Full Bathrooms: 2
  • Possible Bedrooms: 2
  • Total Bedrooms: 2
  • Entry Location: Main
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Living Area: 1768
  • Main Level Bedrooms: 2
  • Bathrooms: 2
  • BathsFullMain: 2
  • FireplacesMain: 1
  • SquareFootageFinished: 1768
  • SquareFootageUnfinished: 0
  • BathsFullGarage: 0
  • BathsFullLower: 0
  • BathsFullUpper: 0
  • BathsHalfGarage: 0
  • BathsHalfLower: 0
  • BathsHalfMain: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterGarage: 0
  • BathsThreeQuarterLower: 0
  • BathsThreeQuarterMain: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsLower: 0
  • BedroomsUpper: 0
  • AppliancesIncluded: Dishwasher,Stove/Range

Exterior Features

  • Roof: Composition
  • View: Sound
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: House

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Septic System, Electricity Available
  • HeatingCoolingType: Baseboard

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 185
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Junior High Dist: Stanwood-Camano

Lot Info

  • Parcel Number: S625006060230
  • Topography: PartialSlope,SteepSlope
  • Land Lease: No
  • Lot Size Acres: 0.2009
  • Lot Size Sq Ft: 8750
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially
  • MLSLotSizeSource: assessor
  • MLSSquareFootageSource: assessor

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Year: 2022
  • Tax Annual Amount: 5318

Multi Family

  • EnergySource: Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2023
Closed on
Sep 6, 2023
Sold by
Ubhi Sapna and Ubhi Tony
Bought by
Washburn Jennifer and Washburn Eric
Seller's Agent
Roberta Larson
Coldwell Banker Bain
Buyer's Agent
Taysia Seiler
RE/MAX Whatcom County, Inc.
List Price
$899,000
Sold Price
$755,000
Premium/Discount to List
-$144,000
-16.02%
Views
140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.30%
Original Mortgage
$430,000
Outstanding Balance
$421,452
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$315,229

Purchase Details

Listed on
Nov 12, 2022
Closed on
Dec 2, 2022
Sold by
Hughes Mary
Bought by
Ubhi Sapna and Ubhi Tony
Seller's Agent
Merrilee O’Brien
Realty One Group Orca
Buyer's Agent
Roberta Larson
Coldwell Banker Bain
List Price
$375,000
Sold Price
$315,000
Premium/Discount to List
-$60,000
-16%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
211.20%

Purchase Details

Closed on
Jul 6, 2018
Sold by
Matthews Hughes Mary Frances
Bought by
Lee Matthews Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$589,500
Interest Rate
4.76%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $755,000 None Listed On Document
Warranty Deed -- Fidelity National Title
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $430,000 New Conventional
Previous Owner $589,500 Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 For Rent $2,795 0.0% --
07/02/2025 07/02/25 Price Changed $729,000 -1.4% $412 / Sq Ft
06/12/2025 06/12/25 Price Changed $739,000 -1.3% $418 / Sq Ft
05/24/2025 05/24/25 For Sale $749,000 -0.8% $424 / Sq Ft
09/11/2023 09/11/23 Sold $755,000 -5.6% $427 / Sq Ft
08/10/2023 08/10/23 Pending -- -- --
07/19/2023 07/19/23 Price Changed $800,000 -11.0% $452 / Sq Ft
06/21/2023 06/21/23 For Sale $899,000 +185.4% $508 / Sq Ft
12/05/2022 12/05/22 Sold $315,000 -16.0% $178 / Sq Ft
11/15/2022 11/15/22 Pending -- -- --
11/12/2022 11/12/22 For Sale $375,000 -- $212 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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 $3,889 $612,215 $360,000 $252,215
2023 $3,889 $507,374 $330,000 $177,374
2022 $2,969 $463,320 $300,000 $163,320
2021 $2,754 $319,457 $180,000 $139,457
2020 $2,923 $286,662 $150,000 $136,662
2019 $2,633 $300,841 $200,000 $100,841
2018 $373 $271,251 $170,000 $101,251
2017 $366 $227,075 $125,000 $102,075
2016 $1,542 $193,722 $90,000 $103,722
2015 -- $155,706 $60,000 $95,706
2013 -- $159,171 $60,000 $99,171
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1994963

Northwest Multiple Listing Service (NWMLS)

APN: S6250-06-06023-0