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7421 Rainbow Dr; Salem, OR Property Details

7421 Rainbow Dr, Salem, OR is a Rural Residence that was built in 1990. This property is not for sale. Our records show that 7421 Rainbow Dr has 6 bedrooms, and 3 bathrooms, and a total of 1,968 square feet. The lot size of 7421 Rainbow Dr is 43,560 square feet.

Off market
7421 Rainbow Dr SE Salem, OR 97306
$205,960 Estimated Value
6 Beds
3 Baths
1,968 SqFt
Property Details

Summary

  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1990
  • Est. Equity / %: $499,000 / 100%
  • Gross Yield: 4.319%
  • APN: 561442
  • Situs County: Marion

Rooms

  • Bedrooms: 6
  • Bathrooms: 3
  • Full Bathrooms: 2
  • Total Rooms: 8
  • Partial Bathrooms: 2

Structure

  • Stories: 1
  • Exterior Wall Type: Wood
  • Roof Type: Gable
  • Roof Cover Type: Metal

Measurements

  • Total: 1,968/SqFt
  • Lot: 43,560/SqFt
  • Gross: 2,472/SqFt
  • Garage: 504/SqFt
  • Living: 1,968/SqFt
  • Building: 2,472/SqFt
  • Ground: 1,968/SqFt
  • Garage Unfinished: 504/SqFt

Legal Description

  • Description: SUNNYSIDE FRUIT FARMS NO 7 LOT 10 ACRES 1.00
Building Insights

Land Information

  • Property Type: Rural Residence
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Salem-Keizer School District 24J
  • Lat / Lon: 44.848427 / -123.03605
  • Subdivision: Sunnyside Fruit Farms No 7
  • Property Class: Residential
  • Zoning: SA
  • County Use Code: 451

Amenities

  • Heating Fuel Type: Oil
  • Plus Four: 9524
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Baseboard
  • Parking: 2

Ownership Info

7421 Rainbow Dr SE has no associated ownership info
7421 Rainbow Dr SE has no associated ownership info.

Taxes

7421 Rainbow Dr SE has 9 associated Taxes items

7421 Rainbow Dr, Salem, OR pays taxes in Marion County, OR. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $205,960. The APN we've located for 7421 Rainbow Dr is 561442.

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Taxes
  • Assessed Value:  $205,960
  • Assessed Year:  2025
  • Assessed County:  Marion
  • APN:  561442
  • Market Land Value:  153010
  • Tax Amount:  2537.86
  • Tax Year:  2024
  • Market Value:  336340
  • Market Year:  2025

Tax History

7421 Rainbow Dr SE has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $205,960 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate
Year 2024 Assessed Value $199,970 Land Value Improvement Value Tax Amount $2,537.86 Change Rate +0.024595% Assessed CR Tax Rate +0.012691%
Year 2023 Assessed Value $194,150 Land Value Improvement Value Tax Amount $2,476.94 Change Rate +0.025313% Assessed CR Tax Rate +0.012758%
Year 2022 Assessed Value $188,500 Land Value Improvement Value Tax Amount $2,415.79 Change Rate +0.026641% Assessed CR Tax Rate +0.012816%
Year 2021 Assessed Value $183,010 Land Value Improvement Value Tax Amount $2,353.1 Change Rate +0.027725% Assessed CR Tax Rate +0.012858%
Year 2020 Assessed Value $177,680 Land Value Improvement Value Tax Amount $2,289.62 Change Rate +0.037906% Assessed CR Tax Rate +0.012886%
Year 2019 Assessed Value $172,510 Land Value Improvement Value Tax Amount $2,206 Change Rate +0.012842% Assessed CR Tax Rate +0.012788%
Year 2018 Assessed Value Land Value Improvement Value Tax Amount $2,178.03 Change Rate +0.141304% Assessed CR Tax Rate
Year 2017 Assessed Value Land Value Improvement Value Tax Amount $1,908.37 Change Rate +0.047812% Assessed CR Tax Rate
Year 2016 Assessed Value Land Value Improvement Value Tax Amount $1,821.29 Change Rate -0.027057% Assessed CR Tax Rate
Year 2015 Assessed Value Land Value Improvement Value Tax Amount $1,871.94 Change Rate +0.047949% Assessed CR Tax Rate
Year 2014 Assessed Value Land Value Improvement Value Tax Amount $1,786.29 Change Rate Assessed CR Tax Rate