NOT LISTED FOR SALE

1007 Rainbow Dr Kannapolis, NC 28081

Estimated Value: $138,000 - $194,000

1 Bed
1 Bath
600 Sq Ft
$279/Sq Ft Est. Value

Sale Details

Date Sold: August 30, 2022

Last sale price $156,000 $260 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,106 / mo

54 Days on Market

Highlights

  • Front Porch
  • Bungalow
  • Ceiling Fan
  • Laundry Room
  • Tile Flooring
  • Level Lot

About This Home

As of August 2022

Adorable 1 bedroom 1 bath newly renovated bungalow 1 mile from Cannonballers stadium on .75 acres!

Nestled against a quiet wooded backdrop with a large yard just off of Rainbow Drive, enter the front door through a beautiful pergola . New windows, new gutters, new energy efficient ductless

HVAC, new flooring, newer architectural roof and recently updated. All appliances convey.

Last Agent to Sell the Property

Dakeita Vanderburg

Howard Hanna Allen Tate Concord License #288219 Listed on: 07/07/2022

Howard Hanna Allen Tate Concord

Last Buyer's Agent

Jessica Eudy

Howard Hanna Allen Tate Concord License #318003

Howard Hanna Allen Tate Concord

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1946

Lot Details

  • Level Lot
  • Zoning described as I-1

Parking

  • Driveway

Home Design

  • Bungalow
  • Slab Foundation

Interior Spaces

  • 600 Sq Ft Home
  • Ceiling Fan
  • Insulated Windows

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Schools

  • Fred Wilson Elementary School
  • Kannapolis Middle School
  • A.L. Brown High School

Additional Features

  • Front Porch
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5613-17-6752-0000

Home Details

Home Type

Single Family

Year Built

Built in 1946

Lot Details

0.79 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Year Built: 1946
  • Ratio Current Price By Acre: 197468.35
  • Restrictions: No Restrictions
  • Doors and Windows: Insulated Windows
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Gravel
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 260.00
  • Special Features: None

Interior Features

  • Foundation Details: Slab
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile
  • Interior Amenities: Attic Other, Cable Available
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 600
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Porch: Front
  • Appliances: Ceiling Fan(s), Dryer, Electric Range, Microwave, Refrigerator, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Living Area: 600
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 0

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Tax Location: Kannapls/cab
  • Construction Type: Site Built
  • Construction Type: Concrete

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Driveway, Parking Space - 3

Utilities

  • Heating: Ductless
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Laundry Room
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None

Schools

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

Lot Info

  • Lot Features: Level
  • Lot Size Units: Acres
  • Parcel Number: 5613-17-6752-0000
  • Zoning Description: I-1
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 2.66646

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Fred Wilson
  • High School: A.L. Brown

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Aug 26, 2022
Sold by
Bought by
Seller's Agent
Dakeita Vanderburg
Howard Hanna Allen Tate Concord
Buyer's Agent
Jessica Eudy
Howard Hanna Allen Tate Concord
List Price
$175,000
Sold Price
$156,000
Premium/Discount to List
-$19,000
-10.86%
Views
5
Current Estimated Value
$177,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,226
Avg. Annual Appreciation
1.81%
Original Mortgage
$158,000
Interest Rate
0.0551%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2022
Sold by
Bought by

Purchase Details

Closed on
Nov 28, 2018
Sold by
Bought by

Purchase Details

Closed on
Mar 1, 2018
Sold by
Bought by

Purchase Details

Closed on
May 24, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
0.0616%

Purchase Details

Closed on
Jun 16, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
0.075%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 1, 2005
Sold by
Bought by

Purchase Details

Closed on
Oct 30, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
0.0645%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
0.0645%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 1, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
0.0782%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 1994
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$156,000 --
$50,000 None Listed On Document
$62,500 None Listed On Document
-- None Available
$97,000 None Available
-- None Available
$105,000 --
-- --
-- Fidelity National Title Insu
$45,000 Bb&T
$25,000 --
$8,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $158,000
Closed $200,000
Closed $75,000
Closed $36,000
Closed $20,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/30/2022 08/30/22 Sold $156,000 -10.9% $260 / Sq Ft
07/07/2022 07/07/22 For Sale $175,000 +40.0% $292 / Sq Ft
04/19/2022 04/19/22 Sold $125,000 +0.1% $209 / Sq Ft View Prior Sale
04/02/2022 04/02/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $124,900 -- $209 / Sq Ft
Source: Canopy MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,784 $157,150 $85,000 $72,150
2024 $1,784 $157,150 $85,000 $72,150
2023 $1,119 $81,660 $39,320 $42,340
2022 $899 $65,630 $39,320 $26,310
2021 $899 $65,630 $39,320 $26,310
2020 $899 $65,630 $39,320 $26,310
2019 $601 $43,870 $21,490 $22,380
2018 $592 $43,870 $21,490 $22,380
2017 $583 $43,870 $21,490 $22,380
2016 $583 $44,770 $21,490 $23,280
2015 -- $44,770 $21,490 $23,280
2014 -- $44,770 $21,490 $23,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS

MLS Number: 3880870

Canopy MLS

APN: 5613-17-6752-0000

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