NOT LISTED FOR SALE

103 Rainbow Ln Black Mountain, NC 28711

Estimated Value: $416,000 - $528,000

3 Beds
2.5 Baths
1,560 Sq Ft
$291/Sq Ft Est. Value

Last Sold October 10, 2022

Last sale price $375,000 $240 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,567/month

52 Days on Market

Highlights

  • Contemporary Architecture
  • Laundry Room
  • Shed
  • Covered Patio or Porch
  • More Than Two Accessible Exits
  • Fenced

About This Home

As of October 2022

Walkable to Downtown Black Mountain!!! Convenient location near shopping and restaurants...hop on the greenway for a scenic stroll to town! This cute as a button home has space for everyone with one bedroom on main and 2 bedrooms upstairs - with the possibility of dividing the larger room into two...creating yet an other space! Sit on the front porch and enjoy the fenced in yard - perfect for furry friends. HVAC is 2 years old and new low-maintenance laminate flooring throughout home. Make this a primary residence, vacation home or an income producing rental property!

Last Agent to Sell the Property

Hope Burk

Howard Hanna Beverly-Hanks Freestone Properties License #301637 Listed on: 08/19/2022

Last Buyer's Agent

Kristie Yarbrough

EXP Realty LLC License #310126

EXP Realty LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1990

Lot Details

  • Fenced
  • Level Lot
  • Zoning described as TR-4

Parking

  • Driveway

Home Design

  • Contemporary Architecture
  • Cottage
  • Composition Roof
  • Hardboard

Interior Spaces

  • Crawl Space

Kitchen

  • Electric Oven
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch
  • Shed

Schools

  • Black Mountain Elementary School
  • Charles D Owen Middle School
  • Charles D Owen High School

Additional Features

  • More Than Two Accessible Exits
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 0619-59-2395-00000

Home Details

Home Type

Single Family

Year Built

Built in 1990

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary, Cottage
  • Year Built: 1990
  • Ratio Current Price By Acre: 2205882.35
  • Road Surface Type: Gravel
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 240.38
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Flooring: Carpet, Vinyl
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 780
  • 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: 780
  • Porch: Covered,Front
  • Appliances: Dishwasher, Dryer, Electric Oven, Refrigerator, Washer
  • Accessibility Features: Two or More Access Exits
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1560
  • Total Bedrooms: 1
  • Half Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Exterior Features: Fence, Shed(s)
  • New Construction: No
  • Roof: Composition
  • Tax Location: Black Mountain
  • Construction Type: Site Built
  • Construction Type: Hardboard Siding

Garage/Parking

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

Utilities

  • Heating: Heat Pump, Heat Pump
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Public

Schools

  • Middle Or Junior School: Charles D Owen
  • HOA Subject To: None

Lot Info

  • Lot Features: Level
  • Lot Size Units: Acres
  • Parcel Number: 0619-59-2395-00000
  • Zoning Description: TR-4
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 1.38071

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Black Mountain
  • High School: Charles D Owen

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2022
Closed on
Oct 3, 2022
Sold by
Higgins Steven Kyle and Story Caitlin
Bought by
Scruggins Leah Kathryn and Scroggins Donna
Seller's Agent
Hope Burk
Howard Hanna Beverly-Hanks Freestone Properties
Buyer's Agent
Kristie Yarbrough
EXP Realty LLC
List Price
$400,000
Sold Price
$375,000
Premium/Discount to List
-$25,000
-6.25%
Views
1
Current Estimated Value
$453,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,370
Avg. Annual Appreciation
5.67%
Original Mortgage
$356,250
Outstanding Balance
$342,457
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$110,913

Purchase Details

Listed on
Aug 5, 2018
Closed on
Jun 5, 2019
Sold by
Medford Deborah M
Bought by
Higgins Steven Kyle and Higgins Story Caitlin
Seller's Agent
Shayne Hollifield
Noble & Company Realty
Buyer's Agent
Hope Burk
Howard Hanna Beverly-Hanks Freestone Properties
List Price
$220,000
Sold Price
$215,000
Premium/Discount to List
-$5,000
-2.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.06%
Original Mortgage
$198,000
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2015
Sold by
Jones Julia Dawn
Bought by
Rickenbacker Katherine Buckner

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.83%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 8, 1998
Sold by
White Debra Lynn and Jones Linda M
Bought by
Jones Linda M
Source: Public Records
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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
Scruggins Leah Kathryn $375,000 --
Higgins Steven Kyle $215,000 None Available
Rickenbacker Katherine Buckner -- None Available
Jones Linda M $17,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scruggins Leah Kathryn $356,250
Previous Owner Higgins Steven Kyle $198,000
Previous Owner Rickenbacker Katherine Buckner $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2022 10/10/22 Sold $375,000 0.0% $240 / Sq Ft
08/26/2022 08/26/22 Price Changed $375,000 -6.3% $240 / Sq Ft
08/19/2022 08/19/22 For Sale $400,000 +86.0% $256 / Sq Ft
06/05/2019 06/05/19 Sold $215,000 -2.3% $138 / Sq Ft View Prior Sale
04/18/2019 04/18/19 Pending -- -- --
04/16/2019 04/16/19 Price Changed $220,000 0.0% $141 / Sq Ft
04/16/2019 04/16/19 For Sale $220,000 +2.3% $141 / Sq Ft
03/28/2019 03/28/19 Off Market $215,000 -- --
02/11/2019 02/11/19 For Sale $230,000 0.0% $147 / Sq Ft
01/21/2019 01/21/19 Pending -- -- --
12/30/2018 12/30/18 Price Changed $230,000 -2.1% $147 / Sq Ft
11/28/2018 11/28/18 Price Changed $235,000 -1.7% $151 / Sq Ft
11/06/2018 11/06/18 Price Changed $239,000 -0.4% $153 / Sq Ft
10/01/2018 10/01/18 Price Changed $240,000 -4.0% $154 / Sq Ft
09/24/2018 09/24/18 Price Changed $249,900 -2.8% $160 / Sq Ft
09/05/2018 09/05/18 Price Changed $257,000 -0.8% $165 / Sq Ft
08/27/2018 08/27/18 Price Changed $259,000 -2.3% $166 / Sq Ft
08/05/2018 08/05/18 For Sale $265,000 -- $170 / 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 $2,495 $297,500 $108,200 $189,300
2024 $2,495 $297,500 $108,200 $189,300
2023 $2,495 $297,500 $108,200 $189,300
2022 $2,157 $271,600 $0 $0
2021 $2,157 $271,600 $0 $0
2020 $1,494 $173,400 $0 $0
2019 $1,494 $173,400 $0 $0
2018 $1,494 $173,400 $0 $0
2017 $756 $177,400 $0 $0
2016 $868 $177,400 $0 $0
2015 $868 $177,400 $0 $0
2014 $868 $177,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3896229

Canopy MLS (Canopy Realtor® Association)

APN: 0619-59-2395-00000

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