NOT LISTED FOR SALE

1620 Rainbow Lake Rd Inman, SC 29349

Inman Area

Estimated Value: $353,183

2 Beds
2 Baths
1,820 Sq Ft
$194/Sq Ft Est. Value

Sale Details

Date Sold: October 24, 2025

Last sale price $425,000 $234 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $2,272 / mo

97 Days on Market

Highlights

  • Horses Allowed On Property
  • RV or Boat Parking
  • Deck
  • Oakland Elementary School Rated A-
  • 4 Acre Lot
  • Wood Flooring

About This Home

As of October 2025

Calling investors/homeowners/ and farm owners! Massive PRICE CUT with almost $83k instant equity! Looking to own a unique country property while also being close to town? This one is the one for you and priced to sell! This homesite sits on 4 acres of unrestricted land. With a large 30x60 building with power, this homesite would be perfect for those wanting a mini farm, space for a business or workshop. The main home is comprised of just over 1800 sq. feet. It features 2 bedrooms and 2 full bathrooms. Come in through the sun run that features 2 walls of windows and stunning coffered ceilings. The oversized family room is perfect for gatherings with a nook area for an office if needed. The spacious kitchen has been updated with granite countertops, hardwood floors and plenty of cabinet space. Off to the right is an oversized laundry room which also has exterior access into your carport. The 2 bedrooms are on the left side of the home. Both feature original hardwoods, with the primary bedroom featuring a newly updated en-suite. Showcasing double vanities with granite countertops and a stunning glass enclosed shower, this bathroom is luxurious. Behind the main home sit two studio apartments perfect for a in-law suite, rental income, or additional space for visiting guests plus the workshop. Both ADU's have their own entrance, kitchenette and large living spaces. The potential for this property is limitless! *pictures of the studio apts. are AFTER the exterior pictures of the main home*

Last Agent to Sell the Property

Maegan Watson

Keller Williams on Main License #113724 Listed on: 07/09/2025

Keller Williams on Main

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,825

Year Built

  • Built in 1951

Lot Details

  • 4 Acre Lot
  • Level Lot

Parking

  • 2 Car Garage
  • Carport
  • RV or Boat Parking

Home Design

  • Cottage
  • Architectural Shingle Roof
  • Metal Roof
  • HardiePlank Siding

Interior Spaces

  • 1,820 Sq Ft Home
  • 1-Story Property
  • Bookcases
  • Insulated Windows
  • Window Treatments
  • Unfinished Basement
  • Partial Basement
  • Fire and Smoke Detector

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Spa Bath

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer Hookup

Schools

  • Oakland Elementary School
  • Rainbow Lake Middle School
  • Boiling Springs High School

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Septic Tank
  • Cable TV Available

Additional Features

  • Deck
  • Pasture
  • Horses Allowed On Property

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,825

Year Built

Built in 1951

Lot Details

4 Acres

Parking

2

Listing Details

  • PropertySubType: Single Family Residence
  • PropertyType: Residential
  • Horses: Yes
  • ResoLaundryFeatures: 1st Floor, Walk-In, Washer Hookup
  • MLS Status: Sold CO OP Member
  • Standard Status: Closed
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1820
  • Architectural Style: Cottage
  • Unit Levels: One
  • Reso Patio And Porch Features: Deck
  • Reso Window Features: Insulated Windows, Window Treatments
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Partial, Unfinished, Walk-Out Access
  • Interior Amenities: Cable Available, Attic Stairs Pulldown, Walk-In Closet(s), Solid Surface Counters, Bookcases
  • Spa Features: Bath
  • Full Bathrooms: 2
  • Living Area: 1820

Exterior Features

  • Exterior Features: R/V - Boat Parking
  • Roof: Architectural, Metal
  • Lot Features: Level, Pasture, Some Trees
  • Acres: 4
  • Construction Materials: HardiPlank Type, Vinyl Siding
  • Foundation Details: Basement

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Attached, Carport, 2 Car Carport

Utilities

  • Sewer: Septic Tank
  • Cooling: Central Air
  • Security: Smoke Detector(s)
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: 2 Sptbg Co
  • Middle Or Junior School: 2-Rainbow Lake Middle School

Lot Info

  • Horse Amenities: Pasture

Tax Info

  • Year: 2024
  • Tax Annual Amount: 1825

MLS Schools

  • Elementary School: 2-Oakland
  • HighSchool: 2-Boiling Springs

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Inman, SC

  • Phil Farmer Real Estate Agent - Real Broker Gvl, LLC

    Phil Farmer

    Real Broker Gvl, LLC

    (864) 477-7202

    144 Total Sales

    7 in Inman

    $205K - $600K Price Range

    Phil Farmer
     Section Image
  • Anna Ryan Real Estate Agent - Keller Williams DRIVE

    Anna Ryan

    Keller Williams DRIVE

    (864) 252-1543

    91 Total Sales

    3 in Inman

    $170K - $430K Price Range

    Anna Ryan
     Section Image
  • AMY CULLETTO Real Estate Agent - Ponce Realty Group

    AMY CULLETTO

    Ponce Realty Group

    (864) 572-7269

    50 Total Sales

    8 in Inman

    $132K - $595K Price Range

    AMY CULLETTO
     Section Image
  • Daniel Gomez Real Estate Agent - Keller Williams Greenville Central

    Daniel Gomez

    Keller Williams Greenville Central

    (864) 477-1193

    86 Total Sales

    4 in Inman

    $219K - $418K Price Range

    Daniel Gomez
     Section Image
  • Karen Yip Real Estate Agent - Yip Premier Real Estate LLC

    Karen Yip

    Yip Premier Real Estate LLC

    (803) 889-0498

    386 Total Sales

    1 in Inman

    $270,000 Price

    Karen Yip
     Section Image
  • Brandon McKillop Real Estate Agent - Summey & McKillop Realty, LLC

    Brandon McKillop

    Summey & McKillop Realty, LLC

    (864) 754-0318

    32 Total Sales

    2 in Inman

    $59K - $327K Price Range

    Brandon McKillop
     Section Image
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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
-- None Listed On Document
Ballard Lewis E $1,000 --
Lee Shannon -- None Available
Webb John A $16,500 --
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
Previous Owner $59,500
Previous Owner Ballard Louie E $37,000
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
10/24/2025 10/24/25 Sold $425,000 -10.7% $234 / Sq Ft
10/14/2025 10/14/25 Pending -- -- --
09/09/2025 09/09/25 Price Changed $475,900 -14.7% $261 / Sq Ft
07/30/2025 07/30/25 Price Changed $557,900 -5.4% $307 / Sq Ft
07/09/2025 07/09/25 For Sale $589,900 -- $324 / Sq Ft
Source: Multiple Listing Service of Spartanburg

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 $3,339 $6,272 $504 $5,768
2024 $576 $5,313 $427 $4,886
2023 $576 $5,313 $427 $4,886
2022 $473 $4,620 $352 $4,268
2021 $472 $4,620 $352 $4,268
2020 $2,786 $11,576 $2,160 $9,416
2019 $2,786 $11,576 $2,160 $9,416
2018 $2,712 $11,576 $2,160 $9,416
2017 $944 $7,512 $1,600 $5,912
2016 $950 $7,512 $1,600 $5,912
Source: Public Records

Agents Affiliated with this Home

  • Maegan Watson Real Estate Agent - Keller Williams on Main

    Seller's Agent in 2025

    Maegan Watson

    Keller Williams on Main

    (864) 497-7067

    57 Total Sales

    Maegan Watson
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Map

Source: Multiple Listing Service of Spartanburg

MLS Number: SPN326175

Multiple Listing Service of Spartanburg

APN: 2-3000-26600

South Carolina Spartanburg County Inman 29349

1620 Rainbow Lake Rd, Inman, SC

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.

Multiple Listing Service of Spartanburg 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. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Listings courtesy of Multiple Listing Service of Spartanburg as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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