NOT LISTED FOR SALE

55 E Rainbow Rd Waldport, OR 97394

Estimated Value: $303,000 - $373,772

3 Beds
1 Bath
1,144 Sq Ft
$293/Sq Ft Est. Value

Last Sold March 16, 2023

Last sale price $300,000 $262 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,954/month

17 Days on Market

Highlights

  • Greenhouse
  • River View
  • Traditional Architecture
  • RV Access or Parking
  • Deck
  • No HOA

About This Home

As of March 2023

Back on market - Cozy 3 bedroom 1 bath home conveniently located just 4 miles from town. This beautiful piece of property overlooks the river and sits on .90 acre. Enjoy the river views from the living room or the back deck. The apple tree orchard brings in elk and deer. Home is being sold AS-IS, CASH BUYERS ONLY. Listing broker is related to seller. County states 2 bedroom, but home has 3. Septic system is rated for 2 bedroom.

Last Agent to Sell the Property

Whitney Beyer

HomeSmart Realty Group License #201223189 Listed on: 01/13/2023

HomeSmart Realty Group

Last Buyer's Agent

Amy Boynton

Coldwell Banker Professional Group - Newport License #201226825

Coldwell Banker Professional Group - Newport

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,920

Year Built

  • Built in 1950

Lot Details

  • 0.9 Acre Lot
  • Property is zoned RR Rural Residential

Home Design

  • Traditional Architecture
  • Metal Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,144 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room
  • Utility Room
  • River Views

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Parking

  • 1 Car Detached Garage
  • RV Access or Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Greenhouse
  • Shed

Utilities

  • Heating System Uses Oil
  • Heating System Uses Wood
  • 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 3200
  • Assessor Parcel Number R46216

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,920

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.9
  • Lot Size Sq Ft: 39204.0
  • Road Surface Type: Paved
  • Subdivision Name: N/A
  • Directions: East on highway 34, turn right on Rainbow Rd, home is on the first left.
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Year Built: 1950
  • 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: None
  • General Property Description:Lot SqFt: 39,204
  • General Property Description:_pound_ of Acres: 0.9
  • General Property Description:CCRs: No
  • Location Tax and Other Information:Tax Lot: 3200
  • General Property Description:Total Bedrooms: 3
  • General Property Description:Total Bathrooms: 1.0
  • General Property Description:Levels: One
  • General Property Description:Style: Traditional
  • General Property Description:Basement: No
  • Foundation:Concrete Perimeter: Yes
  • Electric:On Property2: Yes
  • DeckPatio:Deck: Yes
  • Internal Features:Dishwasher: Yes
  • Internal Features:WasherDryer: Electric
  • Internal Features:RangeOven: Electric
  • General Property Description:Property Sub-Type: Single Family Residence
  • Outbuildings:Shed: Yes
  • Internal Features:Water Heater: Electric
  • Flooring:Vinyl2: Yes
  • Gas:None6: Yes
  • Flooring:Carpet: Yes
  • Outbuildings:Green House: Yes
  • Roof:Metal: Yes
  • DeckPatio:Covered Porch: Yes
  • Siding:Vinyl: Yes
  • Alternate Heat:Wood Stove: Not Certified
  • Special Features: None

Interior Features

  • Appliances: Water Heater
  • Total Bedrooms: 3
  • Flooring: Vinyl, Carpet

Exterior Features

  • View: River
  • Foundation Details: Concrete Perimeter
  • Other Structures: Shed, Green House
  • Patio And Porch Features: Deck
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: RV Access/Parking
  • General Property Description:Garage Type: Detached
  • General Property Description:Garage Stall: 1
  • Miscellaneous:RV Parking: Yes

Utilities

  • Heating: Wood, Oil
  • Heating Yn: Yes
  • Water Source: Well
  • Sewer Septic: Yes
  • Water Well: Yes
  • HeatingCooling:Wood2: Yes
  • HeatingCooling:Stove: Yes
  • HeatingCooling:Oil Heater: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Description:Association2: No

Lot Info

  • Parcel #: R46216
  • Zoning: RR Rural Residential

Tax Info

  • Tax Annual Amount: 1920.0
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2023
Closed on
Mar 13, 2023
Sold by
Marcia Bradley Revocable Living Trust
Bought by
Wilson Tristan and Dixon Catherine
Seller's Agent
Whitney Beyer
HomeSmart Realty Group
Buyer's Agent
Amy Boynton
Coldwell Banker Professional Group - Newport
List Price
$350,000
Sold Price
$300,000
Premium/Discount to List
-$50,000
-14.29%
Views
290
Current Estimated Value
$335,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,693
Avg. Annual Appreciation
4.45%
Original Mortgage
$245,000
Outstanding Balance
$131,784
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$203,909

Purchase Details

Closed on
Jul 22, 2008
Sold by
Bradley Wendal and Bradley Marcia
Bought by
Bradley Marcia and Marcia Bradley Revocable Living Trust
Source: Public Records

Range of Values:

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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
Wilson Tristan $300,000 Western Title
Bradley Marcia -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilson Tristan $245,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2023 03/16/23 Sold $300,000 -14.3% $262 / Sq Ft
01/30/2023 01/30/23 Pending -- -- --
01/13/2023 01/13/23 For Sale $350,000 -- $306 / 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 $2,102 $152,580 -- --
2023 $2,040 $148,140 $0 $0
2022 $1,968 $143,830 $0 $0
2021 $1,920 $139,650 $0 $0
2020 $1,886 $135,590 $0 $0
2019 $1,814 $131,650 $0 $0
2018 $1,785 $127,820 $0 $0
2017 $1,724 $124,100 $0 $0
2016 $1,680 $120,490 $0 $0
2015 $1,381 $116,990 $0 $0
2014 $1,336 $113,590 $0 $0
2013 -- $110,290 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2023

    Whitney Beyer

    HomeSmart Realty Group

    Section Image

  • A

    Buyer's Agent in 2023

    Amy Boynton

    Coldwell Banker Professional Group - Newport

    (503) 538-0468

    43 Total Sales

    Amy Boynton
    Section Image
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Map

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

MLS Number: 22-2339

APN: R46216

Oregon Lincoln County Waldport 97394

55 E Rainbow Rd, Waldport, OR

This home is located at 55 E Rainbow Rd, Waldport, OR 97394 since 13 January 2023 and is currently estimated at $335,693, approximately $293 per square foot. This property was built in 1950. 55 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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