NOT LISTED FOR SALE

52 E Rainbow Rd Waldport, OR 97394

Estimated Value: $519,509 - $667,000

2 Beds
1 Bath
1,152 Sq Ft
$504/Sq Ft Est. Value

Last Sold November 24, 2020

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

Est. 49% increase in value since last sale

Current estimated payment $3,297/month

4 Days on Market

Highlights

  • Water Views
  • RV Access or Parking
  • Deck
  • Greenhouse
  • Property near a bay
  • Contemporary Architecture

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
  • Property is zoned RR-5 Rural 5 acre

Parking

  • 4 Car Attached Garage
  • RV Access or Parking

Home Design

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

Interior Spaces

  • 1,152 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Fireplace
  • EPA Certified Wood Stove
  • Living Room
  • Dining Room
  • Bonus Room
  • Utility Room
  • Water Views
  • Home Security System

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Property near a bay
  • River Nearby
  • Deck
  • Greenhouse
  • Separate Outdoor Workshop
  • Shed

Utilities

  • Wall Furnace
  • Natural Gas Not Available
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • 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

Parking

4

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • 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
  • Unit Levels: Two
  • Year Built: 2004
  • Attribution Contact: (541) 265-2200
  • Road Surface Type: Paved
  • Special Features: None

Interior Features

  • Appliances: Electric Oven, Electric Range, Refrigerator, Water Heater
  • Basement YN: No
  • Total Bedrooms: 2
  • Fireplace Features: EPA Certified Wood Stove
  • Fireplace: Yes
  • Flooring: Vinyl, Wood
  • Interior Amenities: Vaulted Ceiling(s)
  • Fireplace Features: EPA Certified Wood Stove

Exterior Features

  • Lot Features: Irregular Lot
  • Waterfront: No
  • Construction Type: Aluminum Siding
  • Foundation Details: Slab
  • Other Structures: Greenhouse, Shed(s), Workshop
  • Roof: Metal
  • Foundation Details: Slab
  • Other Structures: Greenhouse, Shed(s), Workshop
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 4.0
  • Parking Features: Attached Garage, RV Access/Parking
  • Parking Features: Attached Garage, RV Access/Parking

Utilities

  • Security: Security System
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Natural Gas Not Available, Water Available
  • Water Source: Well
  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Natural Gas Not Available, Water Available
  • Water Source: Well
  • Heating: Electric, Wall Furnace

Condo/Co-op/Association

  • Association: No

Lot Info

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

Tax Info

  • Tax Annual Amount: 2752.98
  • Tax Lot: 3100
  • Tax Map Number: 131127B
  • 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
$580,377

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$190,377
Avg. Annual Appreciation
7.88%
Original Mortgage
$312,000
Outstanding Balance
$276,366
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$304,011
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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: Oregon Coast Multiple Listing Service

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
2025 $3,397 $240,920 -- --
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

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Map

Source: Oregon Coast Multiple Listing Service

MLS Number: LC-91936

Oregon Coast Multiple Listing Service

APN: R41492

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