NOT LISTED FOR SALE

1265 Rainbow Rd Advance, NC 27006

Estimated Value: $219,070 - $261,000

2 Beds
1 Bath
1,100 Sq Ft
$217/Sq Ft Est. Value

Last Sold November 15, 2018

Last sale price $88,500 $80 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $1,376/month

1 Day on Market

Highlights

  • No HOA
  • Porch
  • Forced Air Heating and Cooling System
  • North Davie Middle School Rated A-
  • Attached Carport
  • Level Lot

About This Home

As of November 2018

Up for auction December 1st at 12 noon if offer not accepted before auction date is this very well maintained 2 bedroom 1 bath home with recent replaced counter tops, cabinets, appliances, free standing pantry, flooring in dining area, HVAC, life guard guttering, septic inspected 1 year ago, replacement windows throughout, this home is move in ready in a quiet neighborhood. USDA Eligibility to qualified buyer.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $596

Year Built

  • Built in 1972

Lot Details

  • 0.62 Acre Lot
  • Level Lot
  • Cleared Lot
  • Property is zoned Rural

Parking

  • 1 Car Garage
  • Attached Carport
  • Driveway

Home Design

  • Brick Exterior Construction
  • Masonite

Interior Spaces

  • 988 Sq Ft Home
  • 800-1,100 Sq Ft Home
  • Property has 1 Level
  • Dryer Hookup

Kitchen

  • Free-Standing Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5862226382
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$596

Year Built

Built in 1972

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size Acres: 0.622
  • Subdivision Name: None
  • Directions: From Bermuda Run take 801 North towards Farmington turn left on Redland Road turn right on Rainbow Road house on right at 1265 Rainbow Road
  • Above Grade Finished Sq Ft: 988
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1972
  • TRIADMLS_PrimaryOnMainYN: No
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 800 - 1100
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • Special Features: Auction

Interior Features

  • Appliances: Dishwasher, Slide-In Oven/Range, Electric Water Heater
  • Flooring: Carpet, Vinyl
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 988
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Lot Features: Cleared, Level
  • Pool Features: None
  • Construction Type: Brick, Masonite
  • TRIADMLS_PoolYN: No

Garage/Parking

  • Garage Spaces: 1
  • Parking Features: Carport, Driveway, Attached Carport
  • Garage Description: Attached Carport

Utilities

  • Sewer: Private Sewer
  • Laundry Features: Dryer Connection, Main Level, Washer Hookup
  • Cooling: Central Air
  • Heating: Forced Air, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 5862226382
  • Zoning: Rural
  • TRIADMLS_AcresRange: 1 - 1

Tax Info

  • Tax Annual Amount: 596.24
  • Tax Year: 2018
  • TRIADMLS_TaxRate: 0.78

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2024
Sold by
Phillips Young Vickey
Bought by
Galindo Jose De Jesus Gar and Kay Garcia Galindo Taylor
Current Estimated Value
$238,768

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,500
Outstanding Balance
$191,450
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$47,318

Purchase Details

Listed on
Oct 4, 2018
Closed on
Nov 15, 2018
Sold by
Parrish Lynn R
Bought by
Phillips-Young Vickey
List Price
$99,000
Sold Price
$88,500
Premium/Discount to List
-$10,500
-10.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.33%

Purchase Details

Closed on
Nov 1, 1978
Source: Public Records

Range of Values:

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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
Galindo Jose De Jesus Gar $215,000 None Listed On Document
Galindo Jose De Jesus Gar $215,000 None Listed On Document
Phillips-Young Vickey $88,500 --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Galindo Jose De Jesus Gar $193,500
Closed Galindo Jose De Jesus Gar $193,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2018 11/15/18 Sold $88,500 -10.6% $111 / Sq Ft
10/06/2018 10/06/18 Pending -- -- --
10/04/2018 10/04/18 For Sale $99,000 -- $124 / Sq Ft
Source: Triad MLS

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 $1,474 $214,040 $24,630 $189,410
2024 $636 $82,330 $18,840 $63,490
2023 $636 $82,330 $18,840 $63,490
2022 $636 $82,330 $18,840 $63,490
2021 $636 $82,330 $18,840 $63,490
2020 $587 $75,490 $18,420 $57,070
2019 $587 $75,490 $18,420 $57,070
2018 $587 $75,490 $18,420 $57,070
2017 $290 $75,490 $0 $0
2016 $294 $76,440 $0 $0
2015 $294 $76,440 $0 $0
2014 $252 $76,440 $0 $0
2013 -- $76,440 $0 $0
Source: Public Records

Map

Source: Triad MLS

MLS Number: 905957

Triad MLS

APN: D7-000-00-076

North Carolina Davie County Advance 27006

1265 Rainbow Rd, Advance, NC

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