NOT LISTED FOR SALE

161 Rainbow Dr Stanley, NC 28164

Estimated Value: $321,000 - $358,000

3 Beds
2 Baths
1,602 Sq Ft
$212/Sq Ft Est. Value

Last Sold July 15, 2024

Last sale price $325,000 $203 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,015/month

20 Days on Market

Highlights

  • Deck
  • Laundry Room
  • Ceiling Fan
  • 2 Car Attached Garage
  • 1-Story Property
  • Vinyl Flooring

About This Home

As of July 2024

Welcome Home! This beautiful 3/2 ranch home sits on a large lot in Stanley. Inside the front door, a spacious foyer guides way to the living area with a beautiful, brick fireplace. Through the doorway, a dining room awaits, which connects to the updated eat-in kitchen with quartz countertops and stainless appliances (range, microwave, and dishwasher to convey). Down the hall you will find a spacious laundry area, two guest bedrooms and an updated guest bath. Also, the spacious primary bedroom with its updated, private, en-suite bathroom. Off the kitchen, a spacious deck overlooks the fenced in back yard with convenient storage shed. Don't miss this opportunity! Stop by today!

Last Agent to Sell the Property

Marty Walsh

OfferPad Brokerage LLC Brokerage Email: contracts@offerpad.com License #307342 Listed on: 06/04/2024

Last Buyer's Agent

Brian Sayavong

L&E Properties License #325685

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,945

Year Built

  • Built in 1989

Lot Details

  • 0.56

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,602 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Vinyl Flooring
  • Crawl Space
  • Laundry Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Heat Pump System
  • Septic Tank

Additional Features

  • Deck
  • Property is zoned R1

Community Details

  • Pineland Acres Subdivision

Listing and Financial Details

  • Assessor Parcel Number 167867

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,945

Year Built

Built in 1989

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1989
  • Road Surface Type: Concrete, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 202.87
  • Geocode Confidence: High
  • Attribution Contact: contracts@offerpad.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1602
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Electric Range, Microwave
  • Above Grade Finished Sq Ft: 1602
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Living Area: 1602
  • Bedroom Main: 3
  • Room Count: 8

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Vinyl
  • Patio And Porch Features: Deck

Garage/Parking

  • Main Level Garage YN: 1
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Attached Garage, Garage Faces Side

Utilities

  • Heating: Electric, Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: Main Level
  • Cooling: Ceiling Fan(s), Electric, Heat Pump
  • Water Source: Well

Condo/Co-op/Association

  • Hoa Subject To Dues: No
  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Area: 0.569
  • Lot Size Units: Acres
  • Parcel Number: 167867
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R1

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2024
Closed on
Jul 12, 2024
Sold by
Offerpad Spe Borrower A Llc
Bought by
Griffin Gerald Cody and Griffin Nicole Marie
Seller's Agent
Marty Walsh
OfferPad Brokerage LLC
Buyer's Agent
Brian Sayavong
L&E Properties
List Price
$335,000
Sold Price
$325,000
Premium/Discount to List
-$10,000
-2.99%
Views
45
Current Estimated Value
$340,035

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,035
Avg. Annual Appreciation
4.20%
Original Mortgage
$315,250
Outstanding Balance
$311,791
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$28,244

Purchase Details

Closed on
Apr 25, 2024
Sold by
Holland Christopher T
Bought by
Offerpad Spe Borrower A Llc

Purchase Details

Closed on
Aug 25, 2019
Sold by
Phillips Jennifer N
Bought by
Holland Christopher T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,984
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2015
Sold by
Allender Barry and Allender Barry
Bought by
Holland Christopher T and Phillips Jennifer N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,102
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2009
Sold by
Smith Michael E and Smith Kimberly D
Bought by
Allender Betty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.77%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 27, 2000
Sold by
Apsitis Eric J Patricia L
Bought by
Smith Michael E and Dunsmore Kimberly D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,050
Interest Rate
8.55%
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
Griffin Gerald Cody $325,000 Titlevest
Offerpad Spe Borrower A Llc $298,500 Titlevest
Holland Christopher T -- None Available
Holland Christopher T $152,000 Attorney
Allender Betty $150,000 None Available
Smith Michael E $114,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Griffin Gerald Cody $315,250
Previous Owner Apsitis Erich J $40,000
Previous Owner Holland Christopher T $169,500
Previous Owner Holland Christopher T $149,984
Previous Owner Holland Christopher T $155,102
Previous Owner Allender Betty $100,000
Previous Owner Smith Michael E $118,090
Previous Owner Smith Michael E $14,000
Previous Owner Smith Michael E $30,800
Previous Owner Apsitis Erich J $106,500
Previous Owner Smith Michael E $103,050
Previous Owner Apsitis Erich J $173,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2024 07/15/24 Sold $325,000 -3.0% $203 / Sq Ft
06/04/2024 06/04/24 For Sale $335,000 -- $209 / 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 $1,945 $272,360 $20,500 $251,860
2024 $1,896 $272,360 $20,500 $251,860
2023 $1,845 $265,520 $20,500 $245,020
2022 $1,451 $157,710 $16,000 $141,710
2021 $1,471 $157,710 $16,000 $141,710
2019 $1,471 $157,710 $16,000 $141,710
2018 $1,326 $139,539 $16,800 $122,739
2017 $1,326 $139,539 $16,800 $122,739
2016 $1,326 $139,539 $0 $0
2014 $1,304 $138,750 $26,500 $112,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4147022

Canopy MLS (Canopy Realtor® Association)

APN: 167867