NOT LISTED FOR SALE

20139 Rainbow Cir Cornelius, NC 28031

Estimated Value: $1,512,000 - $1,799,000

3 Beds
2 Baths
1,800 Sq Ft
$894/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $1,350,000 $750 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $9,145/month

69 Days on Market

Highlights

  • Beach Front
  • Pier
  • Vaulted Ceiling
  • Bailey Middle School Rated A-
  • Deck
  • Wood Flooring

About This Home

As of April 2022

Prime opportunity to build your dream waterfront home on this great lot. Bring your boat and jet skis to your private dock and pier. Lot has gentle slope to water and features private sandy beach, mature landscaping with blooming gardens and 102’ of shoreline. Airy vaulted sunroom and large outdoor deck overlooks the lake and large flat back yard. The house is being sold “as is”. It has city water, well and septic. City/County sewer is available at the street. Great opportunity to own waterfront property with a short drive to downtown Charlotte from exit 28. This could be your weekend lake house for mini vacations or build your custom new home. Also listed as a lot, MLS # 3831065.

Last Agent to Sell the Property

Angela Jordan

Smith-Jordan Realty License #147656 Listed on: 02/19/2022

Last Buyer's Agent

Angela Jordan

Smith-Jordan Realty License #147656 Listed on: 02/19/2022

Property Details

Home Type

  • Modular Prefabricated Home

Year Built

  • Built in 1986

Lot Details

  • Beach Front

HOA Fees

  • $4 Monthly HOA Fees

Home Design

  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Den with Fireplace
  • Crawl Space
  • Carbon Monoxide Detectors
  • Laundry Room

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Driveway
  • 1 to 5 Parking Spaces

Outdoor Features

  • Pier
  • Deck
  • Covered Patio or Porch
  • Shed

Schools

  • Cornelius Elementary School
  • Bailey Middle School
  • William Amos Hough High School

Utilities

  • Central Heating
  • Septic Tank
  • Cable TV Available

Community Details

  • Biscayne Park Association
  • Biscayne Park Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 001-701-27

Property Details

Home Type

Modular Prefabricated Home

Year Built

Built in 1986

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1986
  • Ratio Current Price By Acre: 2860169.49
  • Restrictions: No Representation
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Gravel
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Attic Other, Skylight(s), Vaulted Ceiling
  • Fixture Exception Yn: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1800
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Second Living Quarters Hla: 0
  • Second Living Quarters Sq Ft: 0
  • Porch: Covered,Deck,Front
  • Appliances: Cable Prewire, Ceiling Fan(s), CO Detector, Dishwasher, Disposal, Gas Range, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Den, Wood Burning
  • Living Area: 1800
  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Exterior Features: Shed(s)
  • New Construction: No
  • Roof: Metal
  • Construction Status: Complete
  • Tax Location: Cornelius
  • Construction Type: Off Frame Modular
  • Water Body Name: Lake Norman
  • Waterfront Features: Dock, Pier
  • Construction Type: Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Driveway, Parking Space - 4+

Utilities

  • Heating: Central, Gas Hot Air Furnace
  • Sewer: Public Sewer, Septic Installed, Tap Fee Required
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Public, Well

Condo/Co-op/Association

  • Association Fee: 50
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Biscayne Park Association
  • ResoAssociationFeeFrequency: Annually

Schools

  • Middle Or Junior School: Bailey
  • HOA Subject To: Required

Lot Info

  • Lot Features: Beach Front, Lake On Property, Lake Access, Views, Water View, Waterfront, Year Round View
  • Lot Size Units: Acres
  • Parcel Number: 001-701-27
  • Lot Size: 100 x 197 x 102 x 212 x
  • Zoning Description: GR

Tax Info

  • RATIO List Price By Tax Amount: 1.75507

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Cornelius
  • High School: William Amos Hough

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 1988
Bought by
Henley Ii Boyce I
Current Estimated Value
$1,609,737
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Henley Ii Boyce I $176,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2022 04/29/22 Sold $1,350,000 0.0% $750 / Sq Ft
03/15/2022 03/15/22 Price Changed $1,350,000 -9.9% $750 / Sq Ft
02/19/2022 02/19/22 For Sale $1,499,000 0.0% $833 / Sq Ft
02/18/2022 02/18/22 For Sale $1,499,000 -- $833 / 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 $8,684 $1,315,800 $1,000,000 $315,800
2024 $8,684 $1,315,800 $1,000,000 $315,800
2023 $8,547 $1,315,800 $1,000,000 $315,800
2022 $6,569 $769,200 $585,000 $184,200
2021 $6,492 $769,200 $585,000 $184,200
2020 $6,383 $756,200 $585,000 $171,200
2019 $6,377 $756,200 $585,000 $171,200
2018 $5,740 $529,800 $420,000 $109,800
2017 $5,697 $529,800 $420,000 $109,800
2016 $5,693 $529,800 $420,000 $109,800
2015 -- $529,800 $420,000 $109,800
2014 $5,608 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3830800

Canopy MLS (Canopy Realtor® Association)

APN: 001-701-27