NOT LISTED FOR SALE

111 Rainbow Ln Black Mountain, NC 28711

Estimated Value: $687,000 - $743,481

3 Beds
2 Baths
1,628 Sq Ft
$437/Sq Ft Est. Value

Last Sold November 15, 2022

Last sale price $640,000 $393 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,138/month

156 Days on Market

Highlights

  • Open Floorplan
  • Ranch Style House
  • Covered Patio or Porch
  • Wooded Lot
  • Wood Flooring
  • Double Oven

About This Home

As of November 2022

Nice home with lots of possibilities. All the interior was freshly painted ready for you to move right in. Newer updated kitchen with granite countertops, stainless appliances, and custom cabinets. The home has an open floor plan with hardwood floors throughout. Natural light and the windows showcase the lucious back yard. Property is surrounded with appealing landscaping and mature trees. This would be great home for a primary residence, vacation home or an income producing rental property. Close to all that Black Mountain has to offer.

Last Agent to Sell the Property

Rhonda Turpin

GreyBeard Realty License #320563 Listed on: 06/11/2022

Last Buyer's Agent

Antonio Garcia Romero

Nest Realty Asheville License #336072

Nest Realty Asheville

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1976

Lot Details

  • Front Green Space
  • Paved or Partially Paved Lot
  • Steep Slope
  • Wooded Lot
  • Property is zoned TR-4

Home Design

  • Ranch Style House
  • Vinyl Siding
  • Radon Mitigation System

Interior Spaces

  • Open Floorplan
  • Ceiling Fan

Kitchen

  • Double Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Driveway
  • 1 to 5 Parking Spaces

Outdoor Features

  • Access to stream, creek or river
  • Covered Patio or Porch

Schools

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

Utilities

  • Vented Exhaust Fan
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0619-59-7710-00000

Home Details

Home Type

Single Family

Year Built

Built in 1976

Lot Details

3.25 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1976
  • Ratio Current Price By Acre: 196923.08
  • Restrictions: Deed
  • Restrictions Description: Shared driveway easement in deed.
  • Road Surface Type: Gravel
  • Structure Type: One Story Basement
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 393.12
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Basement Inside Entrance, Basement Outside Entrance
  • Fireplace: No
  • Flooring: Tile, Vinyl, Wood
  • Interior Amenities: Basement Shop, Cable Available, Kitchen Island, Open Floorplan
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1628
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 1100
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 1100
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Second Living Quarters Hla: 0
  • Second Living Quarters Sq Ft: 0
  • Porch: Back,Covered,Front
  • Appliances: Ceiling Fan(s), Electric Cooktop, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Microwave, Radon Mitigation System, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 1628
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Half Bathrooms: 0
  • Full Bathrooms: 0
  • Total Bedrooms: 0
  • Half Bathrooms: 0

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Tax Location: Black Mountain
  • Construction Type: Site Built
  • Waterfront Features: None
  • Construction Type: Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Carport - 2 Car, Driveway, Parking Space - 4+

Utilities

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

Condo/Co-op/Association

  • Community Features: None
  • Hoa Subject To Dues: No

Schools

  • Middle Or Junior School: Charles D Owen
  • HOA Subject To: None
  • CAR_YearlyHOAExpense: 0.00

Lot Info

  • Lot Features: Green Area, Paved, Sloped, Steep Slope, Creek/Stream, Wooded
  • Lot Size Units: Acres
  • Parcel Number: 0619-59-7710-00000
  • Plat Book Slide: 0130-0017
  • Plat Reference Section Pages: 130-17
  • Zoning Description: RES
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 1.21162

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
Jun 11, 2022
Closed on
Nov 10, 2022
Sold by
Grogan Judy B and Grogan Harold D
Bought by
Cope James Walter and Cope Yuki Ogo
Seller's Agent
Rhonda Turpin
GreyBeard Realty
Buyer's Agent
Antonio Garcia Romero
Nest Realty Asheville
List Price
$659,000
Sold Price
$640,000
Premium/Discount to List
-$19,000
-2.88%
Views
38
Current Estimated Value
$712,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,120
Avg. Annual Appreciation
3.25%
Original Mortgage
$608,000
Outstanding Balance
$589,043
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
$123,077

Purchase Details

Closed on
May 24, 2012
Sold by
Grogan Jud B and Grogan Harold D
Bought by
Grogan Judy B and Grogan Harold D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cope James Walter $640,000 --
Grogan Judy B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cope James Walter $608,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2022 11/15/22 Sold $640,000 -2.9% $393 / Sq Ft
09/29/2022 09/29/22 For Sale $659,000 +3.0% $405 / Sq Ft
09/08/2022 09/08/22 Off Market $640,000 -- --
08/30/2022 08/30/22 Price Changed $663,000 -2.2% $407 / Sq Ft
08/03/2022 08/03/22 Price Changed $678,000 -1.5% $416 / Sq Ft
07/07/2022 07/07/22 Price Changed $688,515 -1.5% $423 / Sq Ft
06/11/2022 06/11/22 For Sale $699,000 -- $429 / 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 $5,195 $619,500 $312,700 $306,800
2024 $5,195 $619,500 $312,700 $306,800
2023 $5,195 $619,500 $312,700 $306,800
2022 $4,319 $543,900 $0 $0
2021 $4,319 $543,900 $0 $0
2020 $2,534 $294,100 $0 $0
2019 $2,534 $294,100 $0 $0
2018 $2,534 $294,100 $0 $0
2017 $2,563 $291,100 $0 $0
2016 $2,850 $291,100 $0 $0
2015 $2,783 $284,300 $0 $0
2014 $2,571 $262,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3869477

Canopy MLS (Canopy Realtor® Association)

APN: 0619-59-7710-00000

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