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7002 RAINBOW DR Salem, OR $ 1,100,000
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$ 1,100,000 Get more info
7002 RAINBOW DR
$ 1,100,000
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Share Save

7002 RAINBOW DR

Salem, OR, 97306
$ 1,100,000
Bedrooms6 Baths5.0 Sq 6,777

Monthly Estimate*

$ 6,863

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Single Family Home for sale in Salem, OR

for $1,100,000 with 6 bedrooms and 5 full baths. This 6,777 square foot home was built in 1996 on a lot size of 2.01.

True value in a great location! Stunning custom home w/ endless possibilities. Dual Liv. potential, views, a pond, & privacy, what else could you want? Spacious BRs, lrg Primary w/ huge ensuite & views. Open concept LR/Kit, formal Din. Rm., Office, & mudroom all on main floor. Downstairs feat. Lrg. Fam. Rm, movie theater, basketball court, cov. patio, wonderful sauna, potential for dual living, & 3 BRs. Ext. is private and secluded with access to a pod and a blank slate for landscaping. This is a must see!

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Single Family Active

Price

$ 1,100,000

Bedrooms

6

Full Bath

5

Property Type

Single Family

Taxes

$ 10,280

Style

TriLevel

Lot Size

2.01

Year Built

1996

Town/City

Salem

County/Region

Marion

MLS | Web ID

709097567
Features
Interior
Interior Amenities Floor3rd HighCeilings HomeTheater TileFloor VaultedCeiling VinylFloor WalltoWallCarpet WoodFloors
Basement Daylight Finished
Hot Water Electricity
Window Features DoublePaneWindows
Total Bathrooms 5.0
Total Bedrooms 6
Total Baths 5
1/2 Baths 0
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General
Sewer StandardSeptic
Heating ForcedAir
Cooling HeatPump
Roof Composition
Zoning AR
Garage Spaces 3.0
Architectural Style TriLevel
Year Built 1996
Stories Count 3
Property Subtype SingleFamilyResidence
Tax Year 2024
Parcel Number 561418
Waterfront Features Other
County Marion
Property Type Residential
HOA N
Full Baths 5
Status Active
Directions Follow Rainbow Dr and go straight at the road curve onto the gravel drive. USE GPS no house numbers
High School Sprague
City Salem
Body of Water Pond
Disclosures Disclosure
MLS Area _172
Lot Size Square Feet 87555.0
Listing Terms Cash Conventional VALoan
Elementary School Battle Creek
Tax Annual Amount 10280.49
Middle/Junior High School Judson
Property Condition Approximately
Virtual Tour https://my.matterport.com/show/?m=WGKbxkqzgvV
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description P.P. 2006-081 PARCEL 1 ACRES 2.01
ADU False
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Exterior
Exterior Amenities BasketballCourt Deck Patio Yard
Parking Features Driveway
Lot Features Pond Secluded Trees
Water Source Well
Total Parking 3.0
Garage Type Attached
Exterior Description CementSiding Stucco
Foundation Details ConcretePerimeter
Building Area Total 6777.0
Lot Size Acres 2.01
Road Surface Type Gravel
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Internal Only
Street Number 1 7002
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* Excluded Features
List By
Coldwell Banker Mountain West

Broker

coldwellbanker@cboregon.com

Contact

Affordability Calculator

$7,719
Per Month
89%
11%
0%
Monthly Principal & Interest
$6,863
Monthly Property Taxes
$857
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949446 Elementary School
1949712 Middle School
Sprague High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/11/2025$1,100,000 Listed Price

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7002 RAINBOW DR, Salem, OR, 97306 is a Single Family Home for sale at $1,100,000 with 6,777 sqft and a lot size of 2.01. 7002 RAINBOW DR has 6 bedrooms, 5.0 baths, and was built in 1996. The property's zip code is 97306 which is in Salem, OR

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