NOT LISTED FOR SALE

515 NW Rainwater Ln Albany, OR 97321

North Albany Neighborhood

Estimated Value: $690,991 - $911,000

4 Beds
2 Baths
2,424 Sq Ft
$330/Sq Ft Est. Value

Last Sold December 06, 2022

Last sale price $850,000 $351 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $4,578/month

91 Days on Market

Highlights

  • Lake Front
  • Barn
  • RV Access or Parking
  • Docks
  • Spa
  • 15.87 Acre Lot

About This Home

As of December 2022

One of a kind lake front property in North Albany! this 15.87 acres property is full of opportunity! Have your own homestead set up with the large outbuildings, fenced garden space, fruit trees and pasture area. The modern farmhouse had a full gourmet kitchen remodel in 2006. Huge living space in the lower level of the home. Newer windows, paint, electrical and more! Back up auto switch natural gas generator setup all ready to go. Bring your dreams to life! Add an ADU? Have a farm! 6 Tax lots

Last Agent to Sell the Property

Katy Rosecrans

SMI Commercial Real Estate LLC License #200402282 Listed on: 07/20/2022

SMI Commercial Real Estate LLC

Last Buyer's Agent

OR and WA Non Rmls

Non Rmls Broker License #NA

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,699

Year Built

  • Built in 1932

Lot Details

  • 15.87 Acre Lot
  • Lake Front
  • Poultry Coop
  • Private Lot
  • Level Lot
  • Garden
  • Property is zoned OS/RR

Parking

  • 1 Car Detached Garage
  • Workshop in Garage
  • Driveway
  • RV Access or Parking

Property Views

  • Lake
  • Territorial

Home Design

  • Farmhouse Style Home
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Shingle Siding
  • Concrete Perimeter Foundation
  • Cedar

Interior Spaces

  • 2,424 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Family Room
  • Living Room
  • Dining Room
  • Utility Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Built-In Oven
  • Free-Standing Gas Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Wall to Wall Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Spa
  • Docks
  • Deck
  • Shed
  • Outbuilding
  • Porch

Schools

  • North Albany Elementary And Middle School
  • West Albany High School

Farming

  • Barn

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 029243

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,699

Year Built

Built in 1932

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Closed
  • MLS Status: Sold
  • Property Type: Residential
  • Stories: 2
  • Year Built: 1932
  • Property Condition: Resale
  • Unreinforced Masonry Building: Unknown
  • Property Sub Type: SingleFamilyResidence
  • Architectural Style: Stories2, Farmhouse
  • New Construction: No
  • Property Attached Yn: No
  • Open House: No
  • Special Features: VirtualTour

Interior Features

  • Total Bathrooms: 2.0
  • Fireplaces: 1
  • Interior Amenities: Granite, JettedTub, LaminateFlooring, Laundry, TileFloor, WalltoWallCarpet, WasherDryer, WoodFloors
  • Room 4 Description: _4thBedroom
  • Room 4 Level: Upper
  • Room 5 Description: UtilityRoom
  • Room 5 Level: Lower
  • Basement: Finished, FullBasement
  • Window Features: DoublePaneWindows, VinylFrames
  • Appliances: BuiltinOven, Dishwasher, FreeStandingGasRange, FreeStandingRefrigerator, Granite, Island, Microwave, Pantry, RangeHood, StainlessSteelAppliance
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Main Level Full Bathrooms: 1
  • BathroomsFullUpperLevel: 1
  • BathroomsTotalLowerLevel: 0.0
  • BathroomsTotalMainLevel: 1.0
  • BathroomsTotalUpperLevel: 1.0
  • Lot Size Range: Acres10to20
  • Additional Room 10 Level: Lower
  • Room 11 Level: Main
  • Room 12 Level: Main
  • Room 13 Level: Main
  • Room 7 Description: _2ndBedroom
  • Additional Room 7 Level: Main
  • Room 8 Description: _3rdBedroom
  • Additional Room 8 Level: Upper
  • Room 9 Description: DiningRoom
  • Additional Room 9 Level: Main

Exterior Features

  • Exterior Description: Cedar,ShingleSiding,WoodSiding
  • Exterior Features: Barn, Deck, Dock, FreeStandingHotTub, Garden, Outbuilding, Porch, PoultryCoop, PublicRoad, RVParking, ToolShed, Workshop
  • Lot Size: 10 to 19.99 Acres
  • Waterfront: Yes
  • Foundation Details: ConcretePerimeter, Slab
  • R V Description: RVParking
  • View: Yes
  • Lot Features: GentleSloping, Level, Private
  • Road Surface Type: Gravel, Paved
  • Water Body Name: Thornton Lake
  • Waterfront Features: Lake
  • Disclosures: Disclosure
  • Home Warranty: No
  • Roof: Composition
  • View: Lake,Territorial

Garage/Parking

  • Garage Type: Detached
  • Parking Description: Driveway, RVAccessParking
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0

Utilities

  • Fuel Description: Gas
  • Hot Water: Gas,Tank
  • Security: None
  • Cooling: CentralAir
  • Cooling Y N: Yes
  • Heating: ForcedAir
  • Heating Yn: Yes
  • Sewer: StandardSeptic
  • Water Source: Well

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Elementary School: North Albany
  • High School: West Albany
  • Middle Or Junior School: North Albany

Lot Info

  • Farm: No
  • Zoning: OS/RR
  • Lot Size Acres: 15.87
  • Lot Size Sq Ft: 691297.0
  • Parcel #: 029243

Green Features

  • Green Certification: No

Tax Info

  • Tax Deferral: No
  • Tax Year: 2021
  • Tax Annual Amount: 5698.89

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/06/2022 12/06/22 Sold $850,000 0.0% $351 / Sq Ft
10/19/2022 10/19/22 Pending -- -- --
10/14/2022 10/14/22 Off Market $850,000 -- --
09/24/2022 09/24/22 Price Changed $895,000 -5.5% $369 / Sq Ft
09/14/2022 09/14/22 Price Changed $947,500 -4.8% $391 / Sq Ft
09/02/2022 09/02/22 For Sale $995,000 0.0% $410 / Sq Ft
08/26/2022 08/26/22 Pending -- -- --
07/20/2022 07/20/22 For Sale $995,000 +65.8% $410 / Sq Ft
12/11/2020 12/11/20 Sold $600,000 0.0% $248 / Sq Ft View Prior Sale
12/01/2020 12/01/20 Off Market $600,000 -- --
10/09/2020 10/09/20 Pending -- -- --
10/07/2020 10/07/20 Price Changed $664,900 -1.5% $274 / Sq Ft
08/11/2020 08/11/20 For Sale $674,900 -- $278 / Sq Ft
Source: Regional Multiple Listing Service (RMLS)

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 $4,520 $240,250 -- --
2023 $4,392 $233,252 $0 $0
2022 $4,196 $226,458 $0 $0
2021 $3,996 $219,862 $0 $0
2020 $4,022 $213,458 $0 $0
2019 $3,795 $207,241 $0 $0
2018 $3,812 $201,205 $0 $0
2017 $3,701 $195,345 $0 $0
2016 $3,425 $189,655 $0 $0
2015 $3,364 $184,131 $0 $0
2014 $3,284 $178,768 $0 $0
2012 -- $168,506 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Katy Rosecrans

    Seller's Agent in 2022

    Katy Rosecrans

    SMI Commercial Real Estate LLC

    (541) 905-1962

    12 in this area

    198 Total Sales

    Katy Rosecrans
    Section Image

  • T

    Seller's Agent in 2020

    Teri Zalesky

    TOWN & COUNTRY REALTY

    Section Image
  • PATRICK GROSS

    Seller Co-Listing Agent in 2020

    PATRICK GROSS

    TOWN & COUNTRY REALTY

    (541) 840-6431

    4 in this area

    39 Total Sales

    PATRICK GROSS
    Section Image

  • L

    Buyer's Agent in 2020

    Logan Devos

    SMI REAL ESTATE

See All Agents

Map

Source: Regional Multiple Listing Service (RMLS)

MLS Number: 22076495

Regional Multiple Listing Service (RMLS)

APN: 029243

Oregon Benton County Albany 97321 North Albany

515 NW Rainwater Ln, Albany, OR

This home is located at 515 NW Rainwater Ln, Albany, OR 97321 since 20 July 2022 and is currently estimated at $800,996, approximately $330 per square foot. This property was built in 1932. 515 NW Rainwater Ln is a home located in Benton County with nearby schools including North Albany Elementary School, North Albany Middle School, and West Albany 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.

Regional Multiple Listing Service (RMLS) The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS™ of Portland, Oregon. Real estate listings held by brokerage firms other than Ten-X are marked with the RMLS™ logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2025 RMLS™, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified.

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