7 Rainbow Ter

1,524 Sq. Ft.
$471 / Sq. Ft.
1,524
Sq. Ft.
$471
per Sq. Ft.

Description

3 bed, 2 bath move-in ready Danversport Cape! First floor layout offers fireplaced living room, open concept renovated kitchen/dining area with breakfast bar, granite counters, ss appliances, hardwood floors and sliders leading to the backyard. Additional den area, 2 bedrooms with HW floors, renovated full bath and a generous mudroom with direct entry from the garage and the driveway door. Upstairs houses the primary suite with cathedral/beam ceilings, large closet area and the 2nd full bathroom....3 bed, 2 bath move-in ready Danversport Cape! First floor layout offers fireplaced living room, open concept renovated kitchen/dining area with breakfast bar, granite counters, ss appliances, hardwood floors and sliders leading to the backyard. Additional den area, 2 bedrooms with HW floors, renovated full bath and a generous mudroom with direct entry from the garage and the driveway door. Upstairs houses the primary suite with cathedral/beam ceilings, large closet area and the 2nd full bathroom. 1 car attached garage, composite deck overlooking the completely fenced in backyard and the basement offers plenty of additional storage. Sellers have invested in the "big" items during ownership including roof - upgraded electric 200 amps - kitchen (2018), heating system & oil tank - composite deck (2020), 1st floor bath (2024) and more! Located on a side street but easy access to commuter routes & area amenities. Seller will review offers after 5pm on Monday 10/13
  1. Listed by Amy L. Wallick • Lamacchia Realty, Inc.

Property Details for 7 Rainbow Terrace

Town
Danvers
Area
MA-Danvers
Architectural Style
Cape
Style
Cape
Garage Spaces
1
Parking Spaces
3.00
Parking Spaces Total
4
LISTING UPDATED: 11/25/2025 12:53 PM

Property Details for 7 Rainbow Terrace

StatusSold
MLS #73440421
Days on Market22
Taxes$5,832 / year
HOA Fees-
Compass TypeSingle Family
MLS TypeSingle Family / Detached
Year Built1954
CountyEssex County

Location

Listing Courtesy of Lamacchia Realty, Inc., Amy L. Wallick

Sold By LAER Realty Partners, Wendy Thomas

Add your commute

Building Information for 7 Rainbow Terrace

Stories-Year Built1954Building Size-Lot Size0.18 AC / 8,002 SF

Payment Calculator

$3,983 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,497

Property Taxes

$486

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7 Rainbow Terrace

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Highway Access, Marina, Public School
  • Current Financing: Conv. Fixed
  • Living Area: 1524.0
  • Color: Blue
  • SqFt with Basement: No
  • Property Attached: No
  • Single Family Type: Detached
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate,Renovated Since
  • Year Built Source: Public Records
Location/School
  • Grade School: Riverside
  • High School: Dhs
  • Middle School: Holten Richmond
Features
Interior Features
  • Appliances: Electric Water Heater
  • Basement Features: Full, Bulkhead, Concrete Floor, Unfinished Basement
  • Num of Baths: 2.0
  • Num of Full Baths: 2
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 2.00
  • Bathrooms Total Integer: 2
  • DoorFeatures: Storm Door(s)
  • FireplaceFeatures: Living Room
  • FireplaceYN: Yes
  • Fireplaces: 1
  • Flooring: Tile, Carpet, Laminate, Hardwood, Flooring - Wall to Wall Carpet, Flooring - Stone/Ceramic Tile
  • Interior Features: Den, Mud Room
  • Laundry Features: In Basement
  • Primary Bath: Yes
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Frame
  • Exterior Features: Deck - Composite, Fenced Yard
  • Exterior Features: Fenced Yard, Deck - Composite
  • Fencing: Fenced/Enclosed, Fenced
  • Lot Description: Level
  • Patio And Porch Features: Deck - Composite
  • Roof Material: Shingle
Parking Features
  • Attached Garage: Yes
  • Carport: No
  • Covered Spaces: 1.00
  • Garage: Yes
  • Garage Parking: Attached, Off-Street
  • Parking Features: Attached, Off-Street
  • Parking Features: Off-Street
Utilities
  • Cooling: None
  • Cooling: No
  • Electric: Circuit Breakers, 200+ Amp Service
  • Green Energy Efficient: Thermostat
  • Heating: Baseboard, Oil
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Room Information
Primary Bedroom
  • Room Primary Bedroom Features: Bathroom - Full,Flooring - Laminate
  • Primary Bedroom Level: Second Floor
Bedroom 2
  • Bedroom2 Features: Ceiling Fan(s),Closet,Flooring - Hardwood
  • Bedroom2 Level: First
Bedroom 3
  • Bedroom3 Features: Closet,Flooring - Hardwood,Lighting - Overhead
  • Bedroom3 Level: First
Bathroom 1
  • Bathroom1 Features: Bathroom - Full,Flooring - Stone/Ceramic Tile
  • Bathroom1 Level: First
Bathroom 2
  • Bathroom2 Features: Bathroom - Full,Flooring - Laminate
  • Bathroom2 Level: Second
Kitchen
  • Kitchen Features: Flooring - Hardwood,Countertops - Stone/Granite/Solid,Breakfast Bar / Nook,Deck - Exterior,Recessed Lighting,Remodeled,Slider
  • Kitchen Level: First
Living Room
  • Room Living Room Features: Flooring - Hardwood,Window(s) - Bay/Bow/Box
  • Room Living Room Level: First
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Washer and Dryer excluded from sale
Tax Information
  • Tax ID: M:064 L:078 P:,1881974
  • Assessments: $530,700
  • Book: 36905
  • Tax Year: 2025
  • Zoning: R1
Building / Association Information
Living Characteristics
  • Beds Total: 3
Other Building Characteristics
  • Foundation: Concrete Perimeter
  • Cooling Zones: 0
  • Heat Zones: 3
Complex & Association Information
  • Adult Community: No

Property History for 7 Rainbow Terrace

DateEvent & SourcePriceAppreciation
Nov 25, 2025

Sold

MLS PIN #73440421

$717,500—
Oct 28, 2025

Under Agreement

MLS PIN #73440421

—
Oct 14, 2025

Contingent

MLS PIN #73440421

—
Oct 6, 2025

Listed (Active)

MLS PIN #73440421

$649,900—
Jul 31, 2018

Sold

MLS PIN #72349472

$465,500—
Jun 26, 2018

Contingent

MLS PIN #72349472

—
Jun 20, 2018

Listed (Active)

MLS PIN #72349472

$419,900—
Aug 14, 2015

Sold (Public Record)

Public Record #554637122

$330,000—
Aug 14, 2015

Sold

MLS PIN #71858068

$330,000—
Jul 15, 2015

Contingent

MLS PIN #71858068

—
Jun 15, 2015

Listed (Active)

MLS PIN #71858068

$330,000—
DateEvent & SourcePrice
11/25/2025

Sold

MLS PIN #73440421

$717,500
10/28/2025

Under Agreement

MLS PIN #73440421

—
10/14/2025

Contingent

MLS PIN #73440421

—
10/06/2025

Listed (Active)

MLS PIN #73440421

$649,900
07/31/2018

Sold

MLS PIN #72349472

$465,500
06/26/2018

Contingent

MLS PIN #72349472

—
06/20/2018

Listed (Active)

MLS PIN #72349472

$419,900
08/14/2015

Sold (Public Record)

Public Record #554637122

$330,000
08/14/2015

Sold

MLS PIN #71858068

$330,000
07/15/2015

Contingent

MLS PIN #71858068

—
06/15/2015

Listed (Active)

MLS PIN #71858068

$330,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7 Rainbow Terrace

Taxable ValueLand$333,500Additions$197,200Total$530,700
Tax Record2025$5,832 ($486 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,524 SqFtAbove Grade Finished SqFt1,524 SqFtUnfinished Basement SqFt792 SqFtStories2Lot Size8,002 SqFtStyleSingle Family ResidenceYear Built1954ZoningR1CountyESSEXAPNDANV M:064 L:078 P:Fireplace TypeHas Fireplace

Schools near 7 Rainbow Terrace

This home is within Danvers School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 5
Rating
School
Distance
Riverside Elementary School
PublicPK to 5

Holten Richmond Middle School
Public6 to 8

Danvers High School
Public9 to 12

Thorpe Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lamacchia Realty, Inc., Amy L. Wallick

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.