NOT LISTED FOR SALE

1381 Rainbow Dr Kannapolis, NC 28081

4 Beds
2 Baths
1,456 Sq Ft
0.3 Acres

Last Sold September 22, 2021

Last sale price $164,000 $113 Per Sq Ft

5 Days on Market

Highlights

  • Ranch Style House
  • Corner Lot
  • Tile Flooring

About This Home

As of September 2021

Great opportunity to own a duplex in Kannapolis. Rent both sides or live in one side & rent the other side to pay your mortgage. Perfectly located with easy access into Kannapolis, which is currently being revitalized and also is the location of the new Cannon Ballers stadium. Property is convenient to NC Research Center, I-85, Atrium Medical Center and Concord Mills. Both units have Trane heat pumps. Unit 1379 has new plumbing and water heater; and Unit 1381 has a refrigerator and stove that stay with the unit. Hardwood floors under carpet per owner. Roof has been replaced. Rent will be raised to $500 in one unit and $600 in the second unit effective in September. The tenants are month to month. Require 24 hour notice to show property. Serious buyers only who are pre-approved. No sign. Seller will do no repairs. Sold "as is". Wear mask and practice social distancing.

Last Agent to Sell the Property

Janis Tucker

Tucker Real Estate Group Inc License #198841 Listed on: 08/11/2021

Co-Listed By

Brandon Farabee

Tucker Real Estate Group Inc License #255979

Last Buyer's Agent

Alan Overcash

Overcash Real Estate LLC License #231767

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 0.3

Parking

  • Gravel Driveway

Home Design

  • Duplex
  • Ranch Style House
  • Asbestos Siding

Flooring

  • Carpet
  • Tile
  • Vinyl

Additional Features

  • 2 Full Bathrooms
  • Crawl Space
  • Corner Lot

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 5613-08-0258-0000

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Architectural Style: Ranch
  • Ratio Close Price By List Price: 1.03145
  • Ratio Close Price By Original Li: 1.03145
  • Ratio Current Price By Acre: 546666.67
  • Ratio Current Price By Sq Ft: 112.64
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Equipment: Refrigerator
  • Flooring: Carpet, Tile, Vinyl
  • Laundry Location: Main
  • Sq Ft Additional: 72
  • Total Sq Ft: 1456

Exterior Features

  • Construction: Asbestos
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway, Parking Space - 4+

Utilities

  • Heating: Heat Pump - AC, Heat Pump - Heat
  • Sewer: City Sewer
  • Water: City Water
  • Water Heater: Electric

Lot Info

  • Lot Dimension: 87 x 151
  • Lot Features: Corner Lot
  • Parcel Number: 5613-08-0258-0000
  • Zoning Specification: RV

Rental Info

  • Tenant Pays: All Utilities

Tax Info

  • Tax Value: 71570.00
  • Tax Location: Kannapls/cab

Multi Family

  • Unit Count: 2
  • Number Of Units Total: 2

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

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2021 09/22/21 Sold $164,000 +3.1% $113 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
08/11/2021 08/11/21 For Sale $159,000 -- $109 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3772929

Canopy MLS (Canopy Realtor® Association)