$520,000
SOLD JAN 31, 2025

20126 Rainbow Cir Cornelius, NC 28031

3 Beds
2 Baths
1,030 Sq Ft
0.51 Acres

Recently Sold

$505 Per Sq Ft

1% Below List Price

3 Days on Market

Highlights

  • Boat or Launch Ramp
  • Access To Lake
  • 1-Story Property
  • Bailey Middle School Rated A-
  • Laundry in Utility Room
  • Privacy Fence

About This Home

As of January 2025

Live at the lake with waterfront views year round or get the perfect vacation home! This updated 3 bed, 2 bath home in the popular Biscayne Park neighborhood features an open floorplan with updated gorgeous kitchen, a spacious living area with plenty of natural light, large bedrooms and primary has an ensuite full bathroom, and a stunning wrap-around porch/deck that gives you those stunning lake views all year long. Enjoy the convenience of storage under the home for bikes, kayaks, and more. The huge flat backyard is perfect for outdoor fun, with a firepit and a shed for extra storage. Walk across the road to the lake access for all your favorite water activities.
Whether you’re seeking a peaceful retreat or a permanent home, this property offers the best of lake living. With no HOA dues, neighborhood boat access, and shopping within walking distance, this home is truly a rare find! A few blocks from shopping, restaurants. Minutes from Birkdale Village and I-77!

Last Agent to Sell the Property

Courtney Charzuk

Coldwell Banker Realty Brokerage Email: courtney@homewithcourtney.com License #274951 Listed on: 11/15/2024

Coldwell Banker Realty

Last Buyer's Agent

Bob Bunzey

ERA Live Moore License #266158

ERA Live Moore

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1982

Lot Details

  • Privacy Fence
  • Property is zoned GR

Home Design

  • Pillar, Post or Pier Foundation
  • Hardboard

Interior Spaces

  • 1,030 Sq Ft Home
  • 1-Story Property
  • Laundry in Utility Room

Kitchen

  • Electric Oven
  • Electric Range
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • Driveway
  • Assigned Parking

Outdoor Features

  • Access To Lake
  • Boat or Launch Ramp

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 001-702-07

Community Details

Overview

  • Biscayne Park Subdivision

Recreation

  • Water Sports

Home Details

Home Type

Single Family

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1982
  • Road Surface Type: Stone, Paved
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 504.85
  • Geocode Confidence: High
  • Attribution Contact: courtney@homewithcourtney.com
  • Special Features: None

Interior Features

  • Foundation Details: Pillar/Post/Pier
  • Fireplace: No
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1030
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Exhaust Hood, Microwave
  • Above Grade Finished Sq Ft: 1030
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 1030
  • Bedroom Main: 3

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Fencing: Privacy
  • Waterfront Features: Boat Ramp, Boat Ramp – Community, Paddlesport Launch Site, Paddlesport Launch Site - Community
  • Construction Type: Hardboard Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Assigned, Driveway

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Installed
  • Laundry Features: Utility Room
  • Cooling: Heat Pump
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Lake Access
  • Senior Community: No

Schools

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

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 001-702-07
  • Zoning: GR
  • ResoLotSizeUnits: Acres
  • Zoning Specification: GR

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2024
Closed on
Jan 20, 2025
Sold by
Winters Michael J and Winters Patricia A
Bought by
Murkey Kory
Seller's Agent
Courtney Charzuk
Coldwell Banker Realty
Buyer's Agent
Bob Bunzey
ERA Live Moore
List Price
$525,000
Sold Price
$520,000
Premium/Discount to List
-$5,000
-0.95%
Views
19
Current Estimated Value
$558,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,860
Avg. Annual Appreciation
8.53%
Original Mortgage
$416,000
Outstanding Balance
$413,061
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$145,799

Purchase Details

Closed on
Oct 14, 2016
Sold by
Murden James W and Murden Lynette
Bought by
Winters Michael J and Winters Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
3.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 27, 1995
Sold by
Murden Iii James W and Howard Kelly M
Bought by
Murden James W
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

Date Type Sale Price Title Company
Warranty Deed $520,000 Morehead Title
Warranty Deed $235,000 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $416,000 New Conventional
Previous Owner $185,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2025 01/31/25 Sold $520,000 -1.0% $505 / Sq Ft
11/15/2024 11/15/24 For Sale $525,000 0.0% $510 / Sq Ft
04/20/2013 04/20/13 Rented $900 0.0% --
04/20/2013 04/20/13 For Rent $900 -- --
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 $2,290 $341,500 $200,000 $141,500
2024 $2,290 $341,500 $200,000 $141,500
2023 $2,290 $341,500 $200,000 $141,500
2022 $2,008 $231,900 $130,000 $101,900
2021 $1,985 $231,900 $130,000 $101,900
2020 $1,985 $231,900 $130,000 $101,900
2019 $1,979 $231,900 $130,000 $101,900
2018 $1,518 $133,300 $60,000 $73,300
2017 $1,451 $133,300 $60,000 $73,300
2016 $1,448 $133,300 $60,000 $73,300
2015 $1,424 $133,300 $60,000 $73,300
2014 $1,422 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4200946

Canopy MLS (Canopy Realtor® Association)

APN: 001-702-07