NOT LISTED FOR SALE

100 Rainbow Ln Unit 1+ADJ Black Mountain, NC 28711

62.53 Acres
-- Price per Acre
2,723,807 Sq Ft Lot

Last Sold December 20, 2022

Last sale price $450,000

377 Days on Market

Highlights

  • Hilly Lot
  • Wooded Lot
  • Steep Slope
  • Private Lot
  • Spring water is a source of water for the property

About This Lot

As of December 2022

62.53 acres just over city limit line Black Mountain, backing up to Montreat Nature Conservancy Forest. There are a few homes that were built on this mountain years ago however there remains a very large wooded acreage that could be subdivided into beautiful mountain view lots or kept whole for a fabulously private estate super close to town. Prime location for vacation rentals. This old-growth forest can be purchased with some owner financing with a large down payment. There is a private home and cabin on 13 acres at the apex of the mountain that is not part of the 62.53 acres. The owner would also consider dividing into 3 tracts and selling them separately.

Last Agent to Sell the Property

Leslie Lane

Asheville Realty Group License #172789 Listed on: 12/08/2021

Last Buyer's Agent

Kevin Miller

GreyBeard Realty License #315502

Property Details

Property Type

  • Land

Lot Details

  • Private Lot
  • Steep Slope
  • Hilly Lot
  • Wooded Lot
  • Possible uses of the property include Residential
  • Zoning described as R-LD

Utilities

  • Spring water is a source of water for the property
  • Well Required

Community Details

  • Rainbow Terrace Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0710-71-1816-00000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Lots/Acres/Farms
  • Habitable Residence Yn: No
  • Ratio Current Price By Acre: 7196.55
  • Restrictions: No Restrictions
  • Road Frontage Type: County Road, Gravel Road
  • Structure Type: Acreage
  • ResoPropertyType: Land
  • Special Features: VirtualTour

Interior Features

  • Fixture Exception Yn: 0
  • Possible Use: Residential

Exterior Features

  • Tax Location: No City Taxes Paid
  • Waterfront Elevation: 1500

Utilities

  • Sewer: N/A
  • Water Source: Spring, Well Needed

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Hilly, Long Range View, Mountain View, Private, Rolling Slope, Sloped, Steep Slope, Wooded, Views, Year Round View
  • Lot Size Area: 62.53
  • Lot Size Units: Acres
  • Parcel Number: 0710-71-1816-00000
  • Out Buildings Yn: 0
  • Plat Book Slide: 46/132
  • Can Be Subdivided: 1
  • Plat Reference Section Pages: 46/132
  • Zoning Description: R-LD
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 1.07506

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Range of Values:

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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2022 12/20/22 Sold $450,000 -18.2% --
06/08/2022 06/08/22 Price Changed $550,000 -12.0% --
04/14/2022 04/14/22 Price Changed $625,000 -13.8% --
04/11/2022 04/11/22 Price Changed $725,000 -7.1% --
03/28/2022 03/28/22 Price Changed $780,000 -6.0% --
03/12/2022 03/12/22 For Sale $830,000 +84.4% --
03/07/2022 03/07/22 Off Market $450,000 -- --
01/24/2022 01/24/22 Price Changed $830,000 -0.6% --
12/08/2021 12/08/21 For Sale $835,000 -- --
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3812060

Canopy MLS (Canopy Realtor® Association)