NOT LISTED FOR SALE

1001 Rainbow Dr Kannapolis, NC 28081

Estimated Value: $237,000 - $246,000

2 Beds
1 Bath
956 Sq Ft
$250/Sq Ft Est. Value

Last Sold April 30, 2024

Last sale price $233,550 $244 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $1,455/month

12 Days on Market

Highlights

  • Open Floorplan
  • Corner Lot
  • Laundry Room
  • Ranch Style House
  • Covered Patio or Porch
  • Tile Flooring

About This Home

As of April 2024

This amazingly affordable and well maintained ranch home is conveniently located minutes from Downtown Kannapolis and all of its amenities. The Kannapolis Cannon Ballers stadium, restaurants, shopping, medical offices, parks, the NC Research Campus, The Loop, just to name a few. This home is neatly appointed and ready for its new owner. Newly constructed in 2010 and situated on a corner home site with partial privacy fence off the back patio. If you desire one floor living and affordability in one of the most sought after locations, this is the home for you. Outdoor storage bin at back of home, lawn mower and weed trimmer can be conveyed with the property if buyer desires and buyer's mortgage terms allow. Back on market no fault of Seller, home is now vacant. Pictures were taken prior to Seller moving out and home coming back on market. SELLER HAS RECEIVED MULTIPLE OFFERS, PLEASE SUBMIT HIGHEST AND BEST BY 5:00 PM APRIL 4, 2024.

Last Agent to Sell the Property

Danita Mitchell

EXP Realty LLC Ballantyne Brokerage Phone: 704-604-5979 License #155410 Listed on: 03/10/2024

EXP Realty LLC Ballantyne

Last Buyer's Agent

Eileen O'Neill

EXP Realty LLC Mooresville License #319700

EXP Realty LLC Mooresville

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2010

Lot Details

  • Privacy Fence
  • Back Yard Fenced
  • Corner Lot
  • Property is zoned RV, RM

Parking

  • Driveway

Home Design

  • Ranch Style House
  • Bungalow
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 956 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Window Treatments
  • Crawl Space
  • Storm Doors

Kitchen

  • Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Air
  • Vented Exhaust Fan
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 5613-17-9649-0000

Home Details

Home Type

Single Family

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow, Ranch
  • Year Built: 2010
  • Road Surface Type: Concrete, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 244.30
  • Geocode Confidence: High
  • Attribution Contact: 704-604-5979
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Tile, Vinyl
  • Interior Amenities: Open Floorplan
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 956
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Exhaust Fan, Microwave, Oven, Washer, Washer/Dryer
  • Above Grade Finished Sq Ft: 956
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Living Area: 956
  • Window Features: Window Treatments
  • Bedroom Main: 2

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Fencing: Back Yard, Partial, Privacy
  • Construction Type: Brick Partial, Vinyl
  • Patio And Porch Features: Covered, Front Porch, Patio

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Heating: Electric
  • Sewer: Public Sewer, County Sewer
  • Laundry Features: Electric Dryer Hookup, Inside, Laundry Closet, Washer Hookup
  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Water Source: City, County Water

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Units: Acres
  • Parcel Number: 5613-17-9649-0000
  • Zoning: RM
  • Development Status: Completed
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RV

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2024
Closed on
Apr 30, 2024
Sold by
Hall Antonio L and Hall Savalas
Bought by
Huntley Mitchell
Seller's Agent
Danita Mitchell
EXP Realty LLC Ballantyne
Buyer's Agent
Eileen O'Neill
EXP Realty LLC Mooresville
List Price
$227,000
Sold Price
$233,550
Premium/Discount to List
$6,550
2.89%
Views
220
Current Estimated Value
$237,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,976
Avg. Annual Appreciation
1.43%
Original Mortgage
$229,319
Outstanding Balance
$225,801
Interest Rate
6.74%
Mortgage Type
FHA
Estimated Equity
$13,542

Purchase Details

Closed on
Nov 30, 2018
Sold by
Lyerly Jeffrey B and Lyerly Kimberly C
Bought by
Hall Antonio L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,405
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2010
Sold by
Indigo Properties Llc
Bought by
Lyerly Jeffrey B and Lyerly Kimberly C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Huntley Mitchell $234,000 Chicago Title
Hall Antonio L $110,000 None Available
Lyerly Jeffrey B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huntley Mitchell $229,319
Previous Owner Hall Antonio L $104,405
Previous Owner Hall Antonio L $8,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2024 04/30/24 Sold $233,550 +2.9% $244 / Sq Ft
04/02/2024 04/02/24 For Sale $227,000 0.0% $237 / Sq Ft
03/26/2024 03/26/24 Pending -- -- --
03/23/2024 03/23/24 Price Changed $227,000 -3.4% $237 / Sq Ft
03/13/2024 03/13/24 For Sale $235,000 -- $246 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,698 $237,560 $60,000 $177,560
2024 $2,698 $237,560 $60,000 $177,560
2023 $1,618 $118,130 $24,000 $94,130
2022 $1,618 $118,130 $24,000 $94,130
2021 $1,618 $118,130 $24,000 $94,130
2020 $1,618 $118,130 $24,000 $94,130
2019 $1,207 $88,110 $11,900 $76,210
2018 $1,189 $88,110 $11,900 $76,210
2017 $1,172 $88,110 $11,900 $76,210
2016 $1,172 $87,040 $12,750 $74,290
2015 $1,097 $87,040 $12,750 $74,290
2014 $1,097 $87,040 $12,750 $74,290
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4117350

Canopy MLS (Canopy Realtor® Association)

APN: 5613-17-9649-0000