NOT LISTED FOR SALE

1371 Rainbow Dr Kannapolis, NC 28081

Estimated Value: $242,000 - $312,916

3 Beds
1 Bath
1,269 Sq Ft
$225/Sq Ft Est. Value

Last Sold March 29, 2023

Last sale price $299,000 $236 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,791/month

18 Days on Market

Highlights

  • Open Floorplan
  • Laundry Room
  • Central Air
  • Ranch Style House
  • 2 Detached Carport Spaces
  • Washer and Dryer

About This Home

As of March 2023

This is a beautiful 3-bedroom home is located in Kannapolis. The home has a detached carport and extra storage room. New kitchen has been remodeled with the chef in mind. The large island is large enough for 6 barstools and features extra cabinets on the back of the island. Remodeled bathroom with new double vanity, shower with maintenance free surround and tile flooring. Once you walk through the new sliding doors you will be amazed by the new double tier deck and will be able to enjoy cookouts with family or friends. The entire backyard features a 6-foot privacy fence that allows you to have the privacy everyone is looking for. The 600 square foot basement has a walk out door in the backyard and currently the placement of the washer and dryer. There is plenty of room to finish another room. The plumbing is there with an older sink and shower that has never been used. New Gas Pack was installed in 2023 and features a 10 year part warranty.

Last Agent to Sell the Property

Kristina Dodds

Signified Properties LLC License #216378 Listed on: 02/16/2023

Last Buyer's Agent

Amber Lube

Keller Williams Premier License #228134

Keller Williams Premier

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,529

Year Built

  • Built in 1952

Lot Details

  • Back Yard Fenced
  • Property is zoned RV

Parking

  • 2 Detached Carport Spaces

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • Open Floorplan
  • Basement
  • Exterior Basement Entry

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5613-08-1257-0000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,529

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1952
  • Road Surface Type: Concrete
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 235.62
  • Geocode Confidence: High
  • Special Features: None

Interior Features

  • Foundation Details: Other - See Remarks
  • Interior Amenities: Open Floorplan
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1269
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 604
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 604
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Gas Cooktop, Microwave, Wall Oven, Washer/Dryer
  • Above Grade Finished Sq Ft: 1269
  • Has Basement: Exterior Entry
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1269
  • Bedroom Main: 3

Exterior Features

  • New Construction: No
  • Roof: Fiberglass
  • Construction Type: Site Built
  • Fencing: Back Yard, Fenced
  • Exclusions: Shelves in bathroom and TV bracket in family room
  • Construction Type: Vinyl

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Detached Carport

Utilities

  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: In Basement
  • Cooling: Central Air
  • Utilities: Cable Connected, Electricity Connected, Gas
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 5613-08-1257-0000
  • ResoLotSizeUnits: Acres
  • Zoning Specification: RV

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2023
Closed on
Mar 29, 2023
Sold by
Wine Daniel Adam
Bought by
Torres Gay Dawn
Seller's Agent
Kristina Dodds
Signified Properties LLC
Buyer's Agent
Amber Lube
Keller Williams Premier
List Price
$299,000
Sold Price
$299,000
Views
64
Current Estimated Value
$285,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,021
Avg. Annual Appreciation
-1.70%
Original Mortgage
$243,386
Outstanding Balance
$236,268
Interest Rate
6.32%
Mortgage Type
FHA
Estimated Equity
$49,711

Purchase Details

Closed on
Nov 23, 2020
Sold by
Wine Daniel Adam
Bought by
Wine Daniel Adam and Wine Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2012
Sold by
Howell Catherine Ussery
Bought by
Wine Daniel Adam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,500
Interest Rate
3.99%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Torres Gay Dawn $299,000 Integrated Title
Wine Daniel Adam -- None Available
Wine Daniel Adam $87,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Gay Dawn $243,386
Previous Owner Wine Daniel Adam $108,000
Previous Owner Wine Daniel Adam $87,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2023 03/29/23 Sold $299,000 0.0% $236 / Sq Ft
02/16/2023 02/16/23 For Sale $299,000 -- $236 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $3,529 $310,750 $60,000 $250,750
2024 $3,529 $310,750 $60,000 $250,750
2023 $1,765 $137,990 $24,000 $113,990
2022 $1,765 $128,850 $24,000 $104,850
2021 $1,765 $128,850 $24,000 $104,850
2020 $1,573 $114,810 $24,000 $90,810
2019 $1,295 $94,530 $17,500 $77,030
2018 $1,276 $94,530 $17,500 $77,030
2017 $1,257 $94,530 $17,500 $77,030
2016 $1,257 $92,480 $18,750 $73,730
2015 $1,165 $92,480 $18,750 $73,730
2014 $1,165 $92,480 $18,750 $73,730
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4002735

Canopy MLS (Canopy Realtor® Association)

APN: 5613-08-1257-0000