Great location! Value is in the land 4.93 acs, Lg shop apx 3,600 sf, & the well. Dream of building a new home on acreage? This single family residence property may have possibilities for buyer. 1947's home is not in livable condition. Shop has 1/2 bath, apx 400 gallon holding tank, 200 amp electric. Garage noted on listing is actually a shop which can hold an estimated 16+ cars/other storage or RV. Property is in a forest deferral so lower taxes. Buyer to do all due diligence on home & property. See #808380
Sold for $550,000 on 10/06/23
Listed by:
JULIE TYE Cell:503-930-6500,
Homestar Brokers
$550,000
7281 Rainbow Dr SE, Salem, OR 97306
3beds
1,334sqft
Single Family Residence
Built in 1947
4.93 Acres Lot
$574,200 Zestimate®
$412/sqft
$2,502 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: November 03, 2023 at 02:42pm
Listed by:
JULIE TYE Cell:503-930-6500,
Homestar Brokers
Bought with:
VALERIE KOFSTAD (BOEN)
Harcourts Silverton
Source: WVMLS,MLS#: 807893

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Features
- Has fireplace: No
Interior area
- Total structure area: 1,334
- Total interior livable area: 1,334 sqft
Property
Parking
- Parking features: Detached
- Garage spaces: 4
Features
- Levels: One
- Stories: 1
- Exterior features: Blue/Gray
- Has view: Yes
- View description: Territorial
Lot
- Size: 4.93 Acres
Details
- Additional structures: Workshop, RV/Boat Storage
- Parcel number: 561444
- Zoning: SA
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
Condition
- New construction: No
- Year built: 1947
Utilities & green energy
- Water: Well
Community & neighborhood
Location
- Region: Salem
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Has irrigation water rights: Yes
- Listing terms: Cash,Conventional
Services availability

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$574,200
2% more+ $11,484
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$585,684