NOT LISTED FOR SALE

52 E Rainbow Rd Waldport, OR 97394

Estimated Value: $472,000 - $595,000

2 Beds
1 Bath
1,152 Sq Ft
$464/Sq Ft Est. Value

Last Sold November 24, 2020

Last sale price $390,000 $339 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $3,098/month

4 Days on Market

Highlights

  • Greenhouse
  • Bay View
  • Contemporary Architecture
  • RV Garage
  • Deck
  • Vaulted Ceiling

About This Home

As of November 2020

The perfect home and property for the minimalist looking for sustainable living. Lovely teak, cherry & hickory 3/4 inch hardwood flooring, vaulted ceilings, and plenty of natural light. Main level living on upper floor has 1152 sq ft, plus an addition approx. 400 sq finished lower level canning food prep room with 1/4 bath, and bonus room for shop or hobby space and a woodstove, with a dumb waiter to the top floor. Large RV/equipment garage,+ large garage and covered carport areas and an attached greenhouse with a hot tub along with a separate metal building shop. Absolutely stunning views of Alsea River and Bay on a usable 2.89 acres of property with green houses, garden areas, berry patches, orchard with a variety fruit trees, too many to list. Simply a delight to visit this property

Last Agent to Sell the Property

Tammy Gagne

Advantage Real Estate Brokerage Phone: (541) 265-2200 License #870600040 Listed on: 09/30/2020

Last Buyer's Agent

CeCe Kelly

John L Scott Newport License #200605252

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,753

Year Built

  • Built in 2004

Lot Details

  • 2.89 Acre Lot
  • Irregular Lot
  • Property is zoned RR-5 Rural 5 acre

Property Views

  • Bay
  • River

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Metal Roof
  • Aluminum Siding

Interior Spaces

  • 1,152 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Living Room
  • Dining Room
  • Bonus Room
  • Utility Room
  • Security System Owned

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Parking

  • 4 Car Attached Garage
  • RV Garage

Outdoor Features

  • Deck
  • Greenhouse
  • Shed
  • Shop

Utilities

  • Zoned Cooling
  • Heating Available
  • Electricity To Lot Line
  • Natural Gas Not Available
  • Well
  • Water Heater
  • Septic System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3100
  • Assessor Parcel Number 131127B-3100-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,753

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 2.89
  • Lot Size: recent lot line adjustmen
  • Lot Size Sq Ft: 125888.4
  • Road Surface Type: Paved
  • Directions: Approx. 4 miles east on Hwy 34. Right on Rainbow Rd. Driveway past metal building on the right.
  • Architectural Style: Contemporary
  • Garage Yn: Yes
  • Year Built: 2004
  • Attribution Contact: (541) 265-2200
  • Contract Information:BankLender Owned: No
  • Contract Information:Short Sale: No
  • General Property Description:Frontage: None
  • General Property Description:Primary View: River
  • General Property Description:Secondary View: Bay
  • General Property Description:_pound_ of Acres: 2.89
  • General Property Description:CCRs: No
  • Location Tax and Other Information:Tax Lot: 3100
  • General Property Description:Total Bedrooms: 2
  • General Property Description:Total Bathrooms: 1.25
  • General Property Description:Levels: Two
  • General Property Description:Style: Contemporary
  • General Property Description:Basement: No
  • Siding:Aluminum: Yes
  • Electric:On Property2: Yes
  • DeckPatio:Deck: Yes
  • Internal Features:RangeOven: Electric
  • General Property Description:Lot Dimensions: recent lot line adjustmen
  • General Property Description:Property Sub-Type: Single Family Residence
  • Outbuildings:Shed: Yes
  • Internal Features:Water Heater: Electric
  • Flooring:Vinyl2: Yes
  • Gas:None6: Yes
  • Foundation:Slab: Yes
  • Ceiling:Vaulted: Yes
  • Flooring:Wood3: Yes
  • Outbuildings:Green House: Yes
  • Lot Type:Irregular: Yes
  • Roof:Metal: Yes
  • Alarm System:Yes - Owned: Yes
  • Alternate Heat:Wood Stove: Certified
  • Outbuildings:Shop: Yes
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 2
  • Flooring: Vinyl, Wood
  • Interior Amenities: Vaulted Ceiling(s)

Exterior Features

  • Lot Features: Irregular Lot
  • View: River
  • Foundation Details: Slab
  • Other Structures: Shop, Shed, RV Garage, Green House
  • Patio And Porch Features: Deck
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: RV Access/Parking
  • General Property Description:Garage Type: Attached
  • General Property Description:Garage Stall: 4
  • Miscellaneous:RV Parking: Yes
  • Outbuildings:RV Garage: Yes

Utilities

  • Heating: Electric Wall/Zone
  • Heating Yn: Yes
  • Water Source: Well
  • HeatingCooling:Electric WallZone: Yes
  • Sewer Septic: Yes
  • Water Well: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Description:Association2: No

Lot Info

  • Parcel #: 131127B-3100-00
  • Zoning: RR-5 Rural 5 acre

Tax Info

  • Tax Annual Amount: 2752.98
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2020
Closed on
Nov 13, 2020
Sold by
Arce Leland F and Leland Arce Trust
Bought by
Rusch Erika J and Justice Rainl J
Seller's Agent
Tammy Gagne
Advantage Real Estate
Buyer's Agent
CeCe Kelly
John L Scott Newport
List Price
$388,000
Sold Price
$390,000
Premium/Discount to List
$2,000
0.52%
Current Estimated Value
$534,119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,119
Avg. Annual Appreciation
6.64%
Original Mortgage
$312,000
Outstanding Balance
$277,636
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$256,483
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Rusch Erika J $390,000 Western Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rusch Erika J $312,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2020 11/24/20 Sold $390,000 +0.5% $339 / Sq Ft
10/04/2020 10/04/20 Pending -- -- --
09/30/2020 09/30/20 For Sale $388,000 -- $337 / Sq Ft
Source: Lincoln County Board of REALTORS® MLS (OR)

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 $3,186 $233,910 -- --
2023 $3,092 $227,100 $0 $0
2022 $2,982 $220,490 $0 $0
2021 $2,908 $214,070 $0 $0
2020 $2,863 $208,390 $0 $0
2019 $2,753 $202,330 $0 $0
2018 $2,708 $196,440 $0 $0
2017 $2,613 $190,720 $0 $0
2016 $2,492 $185,170 $0 $0
2015 $2,031 $179,780 $0 $0
2014 $1,959 $173,900 $0 $0
2013 -- $163,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tammy Gagne

    Seller's Agent in 2020

    Tammy Gagne

    Advantage Real Estate

    (541) 265-2200

    107 Total Sales

    Tammy Gagne
    Section Image

  • C

    Buyer's Agent in 2020

    CeCe Kelly

    John L Scott Newport

See All Agents

Map

Source: Lincoln County Board of REALTORS® MLS (OR)

MLS Number: 20-2114

APN: R41492

Oregon Lincoln County Waldport 97394

52 E Rainbow Rd, Waldport, OR

This home is located at 52 E Rainbow Rd, Waldport, OR 97394 since 30 September 2020 and is currently estimated at $534,119, approximately $463 per square foot. This property was built in 2004. 52 E Rainbow Rd is a home located in Lincoln County with nearby schools including Crestview Heights School and Waldport High and Middle School.

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