NOT LISTED FOR SALE

1006 Rainbow Dr Kannapolis, NC 28081

Estimated Value: $156,000 - $171,336

2 Beds
1 Bath
780 Sq Ft
$210/Sq Ft Est. Value

Last Sold June 10, 2019

Last sale price $85,000 $109 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $1,027/month

Highlights

  • Shed
  • Storm Doors
  • Carpet
  • 1-Story Property

About This Home

As of June 2019

Great property for first time home buyer or Investors. This adorable 2 bedroom 1 bath is updated with new floor coverings, counter tops, light fixtures and more. Freshly painted and ready to move in. Parking in the rear for 4 vehicles. Nice building/workshop in back. Rocking chair front porch and No HOA. Located near the new downtown area of Kannapolis.

Last Agent to Sell the Property

Drew Maher

DM Properties & Associates License #278456 Listed on: 05/07/2019

Co-Listed By

Robin Price

DM Properties & Associates License #262166

Last Buyer's Agent

Drew Maher

DM Properties & Associates License #278456 Listed on: 05/07/2019

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 7,841

Home Design

  • Vinyl Siding

Interior Spaces

  • 1 Full Bathroom
  • 1-Story Property
  • Crawl Space
  • Storm Doors
  • Oven

Flooring

  • Carpet
  • Laminate

Additional Features

  • Shed
  • Lot Dimensions are 52 x 150

Listing and Financial Details

  • Assessor Parcel Number 5613-17-9877-0000

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Ratio Close Price By List Price: 1.00000
  • Ratio Close Price By Original Li: 1.00000
  • Ratio Current Price By Acre: 472222.22
  • Ratio Current Price By Sq Ft: 108.97
  • Year Built: 1930
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • Total Bedrooms: 2
  • Doors and Windows: Storm Door(s)
  • Equipment: Ceiling Fan(s), Oven
  • Flooring: Carpet, Laminate Wood
  • Laundry Location: Kitchen
  • Room Count: 1
  • Main Level Sq Ft: 780
  • Total Sq Ft: 780

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • Exterior Features: Shed(s)

Garage/Parking

  • Driveway: Earth
  • Parking: Driveway, Parking Space - 4+

Utilities

  • Heating: Central Air, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Lot Info

  • Lot Dimension: 52 x 150
  • Parcel Number: 5613-17-9877-0000
  • Zoning Specification: I-1

Tax Info

  • Tax Value: 54170.00
  • Tax Location: Kannapls/cab

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2024
Sold by
Spagnardi Darren
Bought by
Spagnardi Properties Llc
Current Estimated Value
$164,084

Purchase Details

Closed on
Oct 8, 2019
Sold by
Pearl Properties & Associates Inc
Bought by
Spargnardi Darren

Purchase Details

Listed on
May 7, 2019
Closed on
Jun 10, 2019
Sold by
Watts Bill E and Watts Delores H
Bought by
Pearl Properties & Associates Inc
Seller's Agent
Drew Maher
DM Properties & Associates
Buyer's Agent
Drew Maher
DM Properties & Associates
List Price
$85,000
Sold Price
$85,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.19%
Original Mortgage
$68,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2006
Sold by
Lyon Theresa A
Bought by
Watts Bill E and Watts Delores H

Purchase Details

Closed on
Aug 10, 2001
Sold by
Lyon L P
Bought by
Lyon Theresa A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Spagnardi Properties Llc -- None Listed On Document
Spargnardi Darren -- None Available
Pearl Properties & Associates Inc $85,000 None Available
Watts Bill E $102,500 None Available
Lyon Theresa A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pearl Properties & Associates Inc $68,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2019 06/10/19 Sold $85,000 0.0% $109 / Sq Ft
05/08/2019 05/08/19 Pending -- -- --
05/07/2019 05/07/19 For Sale $85,000 -- $109 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 -- $183,610 $85,000 $98,610
2024 $2,085 $183,610 $85,000 $98,610
2023 $1,188 $86,700 $18,200 $68,500
2022 $1,188 $86,700 $18,200 $68,500
2021 $1,188 $86,700 $18,200 $68,500
2020 $1,188 $86,700 $18,200 $68,500
2019 $742 $54,170 $15,600 $38,570
2018 $731 $54,170 $15,600 $38,570
2017 $720 $54,170 $15,600 $38,570
2016 $720 $55,600 $15,600 $40,000
2015 -- $55,600 $15,600 $40,000
2014 -- $55,600 $15,600 $40,000
Source: Public Records

Agents Affiliated with this Home

  • Drew Maher

    Seller's Agent in 2019

    Drew Maher

    DM Properties & Associates

    (704) 258-9227

    29 in this area

    186 Total Sales

    Drew Maher
    Section Image

  • R

    Seller Co-Listing Agent in 2019

    Robin Price

    DM Properties & Associates

    (704) 956-4810

    28 in this area

    186 Total Sales

    Robin Price
    Section Image
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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3496949

Canopy MLS (Canopy Realtor® Association)

APN: 5613-17-9877-0000

North Carolina Cabarrus County Kannapolis 28081

1006 Rainbow Dr, Kannapolis, NC

Not Listed for Sale

Detached

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Canopy MLS (Canopy Realtor® Association) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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