NOT LISTED FOR SALE

1442 Rainbow Dr Kannapolis, NC 28081

Estimated Value: $244,000 - $272,308

3 Beds
2 Baths
1,376 Sq Ft
$183/Sq Ft Est. Value

Sale Details

Date Sold: January 10, 2025

Last sale price $220,000 $160 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,603 / mo

2 Days on Market

Highlights

  • Ranch Style House
  • Laundry Room
  • Storm Doors
  • Covered Patio or Porch
  • Tile Flooring
  • Washer and Dryer

About This Home

As of January 2025

Investor 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 McDonald

Bonnie S. McDonald Real Estate Brokerage Email: bonniemcdonaldrealestate@gmail.com License #304546 Listed on: 11/25/2024

Co-Listed By

Miriam Carter

Bonnie S. McDonald Real Estate Brokerage Email: bonniemcdonaldrealestate@gmail.com License #321401

Last Buyer's Agent

Mel Mabe

Helen Adams Realty License #343591

Helen Adams Realty

Home Details

Home Type

  • Single Family

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
  • Storm Doors

Kitchen

  • Electric Oven
  • Electric Range

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer

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

Home Details

Home Type

Single Family

Year Built

Built in 1993

Lot Details

0.48 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1993
  • Restrictions: No Representation
  • Road Surface Type: Concrete, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 159.88
  • Geocode Confidence: High
  • Attribution Contact: bonniemcdonaldrealestate@gmail.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: No
  • Flooring: Carpet, Tile, Vinyl
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1376
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Main: 360
  • Sq Ft Unheated Total: 360
  • Sq Ft Upper: 0
  • Appliances: Electric Oven, Electric Range, Refrigerator, Washer/Dryer
  • Above Grade Finished Sq Ft: 1376
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Living Area: 1376
  • Bedroom Main: 3

Exterior Features

  • New Construction: No
  • Roof: Composition
  • Construction Type: Site Built
  • Fencing: Partial
  • Construction Type: Vinyl
  • Other Structures: Outbuilding
  • Patio And Porch Features: Covered, Front Porch, Rear Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage Yn: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: In Kitchen, Laundry Closet
  • Cooling: Heat Pump
  • Utilities: Electricity Connected
  • Water Source: City

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Lot Features: Level
  • Lot Size Units: Acres
  • Parcel Number: 5603-98-4139
  • Lot Size: 100' x 241'
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R18

MLS Schools

  • Elementary School: Fred Wilson
  • High School: A.L. Brown

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2024
Closed on
Jan 8, 2025
Sold by
Bought by
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
$251,827

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,827
Avg. Annual Appreciation
9.91%
Original Mortgage
$206,800
Outstanding Balance
$205,364
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$46,463

Purchase Details

Closed on
Mar 31, 2005
Sold by
Bought by

Purchase Details

Closed on
Sep 21, 2004
Sold by
Bought by

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
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$220,000 None Listed On Document
$220,000 None Listed On Document
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $206,800
Closed $206,800
Previous Owner $80,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,862 $252,020 $60,000 $192,020
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

    Seller's Agent in 2025

    Bonnie McDonald

    Bonnie S. McDonald Real Estate

    (980) 621-0086

    5 in this area

    113 Total Sales

    Bonnie McDonald
    Section Image

  • M

    Seller Co-Listing Agent in 2025

    Miriam Carter

    Bonnie S. McDonald Real Estate

    (980) 622-0530

    3 in this area

    40 Total Sales

    Miriam Carter
    Section Image

  • M

    Buyer's Agent in 2025

    Mel Mabe

    Helen Adams Realty

    (704) 995-0609

    1 in this area

    6 Total Sales

    Mel Mabe
    Section Image
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Map

Source: Canopy MLS

MLS Number: 4201818

Canopy MLS

APN: 5603-98-4139-0000

North Carolina Cabarrus County Kannapolis 28081

1442 Rainbow Dr, Kannapolis, NC

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.

Canopy MLS 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.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

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