Seller's Agent in 2022
John Patson
Dwell Realty Group
(828) 280-3892
4 in this area
55 Total Sales
218 Rainbow Terrace Black Mountain, NC 28711
Estimated Value: $382,000 - $476,000
3
Beds
2.5
Baths
1,698
Sq Ft
$257/Sq Ft
Est. Value
Highlights
- Wooded Lot
- Attached Garage
- Breakfast Bar
- Wood Flooring
- Walk-In Closet
- Ceiling Fan
About This Home
As of August 2022Don't miss the opportunity to purchase the developer's personal townhome that has been gently used over the course of their ownership! Excellent investment potential, as this townhome has short term rental capability. Low HOA fee. This 3 bedroom, 2.5 bath townhome is just a little over a mile from the center of Black Mountain. Quality construction throughout includes "finished on site" oak hardwood floors, 9' ceilings, 42" upper kitchen cabinets, soft close drawers and doors, granite counter tops in kitchen and baths. Tiled showers and baths. Upper level laundry. Private deck off of the living room for relaxing or dining. Large crawlspace for extra storage. Guest parking lot available. All furnishings available to have unit a turn-key vacation rental.
Last Agent to Sell the Property
Dwell Realty Group License #288077 Listed on: 06/24/2022
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $2,157
Year Built
- Built in 2016
Lot Details
- 1,307
HOA Fees
- $100 Monthly HOA Fees
Home Design
- Entry on the 1st floor
- Composition Roof
- Stone Veneer
- Hardboard
Interior Spaces
- Ceiling Fan
- Window Treatments
- Crawl Space
- Pull Down Stairs to Attic
- Dryer
Kitchen
- Breakfast Bar
- Electric Range
- Microwave
- Plumbed For Ice Maker
- Dishwasher
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
Parking
- Attached Garage
- Driveway
Schools
- Black Mountain Elementary School
- Charles D Owen Middle School
- Charles D Owen High School
Additional Features
- Wooded Lot
- Heat Pump System
Community Details
- Cottonwood HOA, Phone Number (919) 602-3874
- Cottonwood Condos
- Cottonwood Subdivision
- Mandatory home owners association
Listing and Financial Details
- Assessor Parcel Number 0710-60-5700-00000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 24, 2022
Closed on
Jul 27, 2022
Sold by
Jeffers David A and Jeffers Ruth A
Bought by
Greene Jeffrey Alan and Greene Tammy Lynn
Seller's Agent
John Patson
Dwell Realty Group
Buyer's Agent
Bryce Alabaster
Emily Bartlett Real Estate
List Price
$399,000
Sold Price
$400,000
Premium/Discount to List
$1,000
0.25%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,024
Avg. Annual Appreciation
4.21%
Original Mortgage
$320,000
Interest Rate
5.78%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 31, 2018
Closed on
Dec 21, 2018
Sold by
Black Mountain Building And Development
Bought by
Jeffers David A and Jeffers Ruth A
Seller's Agent
John Patson
Dwell Realty Group
Buyer's Agent
Barclay Garnett
Dwell Realty Group
List Price
$259,900
Sold Price
$260,000
Premium/Discount to List
$100
0.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.75%
Original Mortgage
$233,910
Interest Rate
4.9%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Greene Jeffrey Alan | $400,000 | None Listed On Document | |
| Jeffers David A | $260,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Greene Jeffrey Alan | $332,000 | |
| Closed | Jeffers David A | $320,000 | |
| Previous Owner | Jeffers David A | $233,910 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2022 08/01/22 | Sold | $400,000 | +0.3% | $236 / Sq Ft |
| 07/13/2022 07/13/22 | Pending | -- | -- | -- |
| 06/24/2022 06/24/22 | For Sale | $399,000 | +53.5% | $235 / Sq Ft |
| 12/31/2018 12/31/18 | Sold | $260,000 | 0.0% | $161 / Sq Ft |
| 07/12/2018 07/12/18 | Pending | -- | -- | -- |
| 05/31/2018 05/31/18 | For Sale | $259,900 | -- | $161 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $2,157 | $257,200 | -- | $257,200 |
| 2023 | $2,157 | $257,200 | $0 | $257,200 |
| 2022 | $2,042 | $257,200 | $0 | $0 |
| 2021 | $2,042 | $257,200 | $0 | $0 |
| 2020 | $1,787 | $207,400 | $0 | $0 |
| 2019 | $1,787 | $207,400 | $0 | $0 |
| 2018 | $1,787 | $207,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
John Patson
-
Barclay Garnett
Seller Co-Listing Agent in 2022
Barclay Garnett
Dwell Realty Group
(954) 914-9414
4 in this area
41 Total Sales
-
Bryce Alabaster
Buyer's Agent in 2022
Bryce Alabaster
Emily Bartlett Real Estate
(828) 579-9370
1 in this area
10 Total Sales
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: 3874826
APN: 0710-60-5700-00000
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