Seller's Agent in 2025
Bonnie McDonald
Bonnie S. McDonald Real Estate
(980) 621-0086
3 in this area
113 Total Sales
1442 Rainbow Dr Kannapolis, NC 28081
3
Beds
2
Baths
1,376
Sq Ft
0.48
Acres
Highlights
- Ranch Style House
- Laundry Room
- Partially Fenced Property
- Covered Patio or Porch
- Tile Flooring
- Level Lot
About This Home
As of January 2025Investor potential or fixer upper for the DIYer: Home with good bones on .48 acre lot. Solid-built but in need of repairs. Convenient location with quick access to Hwy 3 aka Mooresville Hwy. Adjacent to townhome development on the left side. 8' x 12' shed. Washer, dryer and refrigerator convey. Large yard and 14' x 12' rear covered deck.
Last Agent to Sell the Property
Bonnie S. McDonald Real Estate Brokerage Email: bonniemcdonaldrealestate@gmail.com License #304546 Listed on: 11/25/2024
Co-Listed By
Bonnie S. McDonald Real Estate Brokerage Email: bonniemcdonaldrealestate@gmail.com License #321401
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,862
Year Built
- Built in 1993
Lot Details
- Lot Dimensions are 100' x 241'
- Partially Fenced Property
- Level Lot
- Property is zoned R18
Home Design
- Ranch Style House
- Composition Roof
- Vinyl Siding
Interior Spaces
- Crawl Space
- Laundry Room
Kitchen
- Electric Oven
- Electric Range
Flooring
- Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Parking
- 1 Covered Space
- Driveway
- 4 Open Parking Spaces
Outdoor Features
- Covered Patio or Porch
- Outbuilding
Schools
- Fred Wilson Elementary School
- Kannapolis Middle School
- A.L. Brown High School
Utilities
- Heat Pump System
Listing and Financial Details
- Assessor Parcel Number 5603-98-4139
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 25, 2024
Closed on
Jan 8, 2025
Sold by
Conner David Mack and Jarrell Stacy Marie
Bought by
Barroso Arellano Joshua
Seller's Agent
Bonnie McDonald
Bonnie S. McDonald Real Estate
Buyer's Agent
Mel Mabe
Helen Adams Realty
List Price
$220,000
Sold Price
$220,000
Views
18
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,478
Avg. Annual Appreciation
3.29%
Original Mortgage
$206,800
Outstanding Balance
$206,090
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$18,813
Purchase Details
Closed on
Mar 31, 2005
Sold by
Harwood Linda G and Harwood Michael
Bought by
Conner David M
Purchase Details
Closed on
Sep 21, 2004
Sold by
Conner Delena Renee and Conner Renee D
Bought by
Conner David M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,800
Interest Rate
5.13%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $220,000 | None Listed On Document | |
| Warranty Deed | $220,000 | None Listed On Document | |
| Warranty Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $206,800 | New Conventional | |
| Closed | $206,800 | New Conventional | |
| Previous Owner | $65,000 | New Conventional | |
| Previous Owner | $104,599 | FHA | |
| Previous Owner | $80,800 | New Conventional | |
| Previous Owner | $27,700 | Credit Line Revolving | |
| Previous Owner | $30,800 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/10/2025 01/10/25 | Sold | $220,000 | 0.0% | $160 / Sq Ft |
| 11/27/2024 11/27/24 | Pending | -- | -- | -- |
| 11/25/2024 11/25/24 | For Sale | $220,000 | -- | $160 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $2,862 | $252,020 | $60,000 | $192,020 |
| 2023 | $1,871 | $136,570 | $24,000 | $112,570 |
| 2022 | $1,752 | $127,860 | $24,000 | $103,860 |
| 2021 | $1,752 | $127,860 | $24,000 | $103,860 |
| 2020 | $1,752 | $127,860 | $24,000 | $103,860 |
| 2019 | $1,427 | $104,130 | $17,500 | $86,630 |
| 2018 | $1,406 | $104,130 | $17,500 | $86,630 |
| 2017 | $1,385 | $104,130 | $17,500 | $86,630 |
| 2016 | $1,385 | $100,990 | $18,750 | $82,240 |
| 2015 | $1,272 | $100,990 | $18,750 | $82,240 |
| 2014 | $1,272 | $100,990 | $18,750 | $82,240 |
Source: Public Records
Agents Affiliated with this Home
-
Bonnie McDonald
-
Miriam Carter
M
Seller Co-Listing Agent in 2025
Miriam Carter
Bonnie S. McDonald Real Estate
(980) 622-0530
2 in this area
32 Total Sales
-
Mel Mabe
M
Buyer's Agent in 2025
Mel Mabe
Helen Adams Realty
(704) 995-0609
1 in this area
5 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 4201818
APN: 5603-98-4139-0000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Nearby Homes
- 5652 Knox Ln
- 5682 Knox Ln Unit D
- 5770 Grandbury Dr
- Pine Plan at Cherry Grove Townhomes
- Juniper Plan at Cherry Grove Townhomes
- 5722 Knox Ln
- 5742 Knox Ln
- 5752 Knox Ln
- 5760 Granbury Dr
- 5770 Granbury Dr
- 5772 Knox Ln Unit B
- 5782 Knox Ln
- 5925 Granbury Dr
- 5965 Granbury Dr
- 5995 Granbury Dr
- 1406 Mason St
- 1405 Birch St
- 1302 & 1304 Mason St
- 4404 Dusty Orchard Rd
- 4415 Dusty Orchard Rd