$441,000
$26K PRICE DROP

220 Rainbow Terrace Black Mountain, NC 28711

Estimated payment $2,759/month

Total Views 5,101
2 Beds
2.5 Baths
1,532 Sq Ft
$288 Price per Sq Ft

Highlights

  • Deck
  • Wood Flooring
  • 1 Car Attached Garage
  • Contemporary Architecture
  • Covered Patio or Porch
  • Walk-In Closet

About This Home

Welcome to your end unit townhouse in Black Mountain right on the Rainbow Trail to Montreat! No rental restrictions! This breathtaking space boasts beautiful oak hardwood floors and soaring 9’ ceilings, creating a bright and welcoming atmosphere. Chef's kitchen featuring generous 42” upper cabinets, soft-close drawers and doors, exquisite granite countertops, and modern stainless steel appliances. Private deck right off the living room—perfect for relaxing evenings or morning coffee. This unique unit has two master suites, each with spacious walk-in closets and en-suite bathrooms, ensuring your utmost privacy and comfort. One suite is oversized with room for sitting area or bunks. Could be spilt into 2nd and 3rd bedrooms with the straight forward addition of a wall. Both rooms have expansive seasonal mountain views. You'll love the convenience of a single-car garage with ample storage space & walk-in height crawl space under unit. 1.3 miles to the center of Black Mountain & Montreat.

Listing Agent

Holly Lindsey

Noble & Company Realty Brokerage Email: hollyasheville@gmail.com License #216305 Listed on: 05/29/2025

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,979

Year Built

  • Built in 2018

HOA Fees

  • $210 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • Contemporary Architecture

Interior Spaces

  • 2-Story Property
  • Entrance Foyer
  • Crawl Space

Kitchen

  • Breakfast Bar
  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Black Mountain Elementary School
  • Charles D Owen Middle School
  • Charles D Owen High School

Utilities

  • Heat Pump System
  • Cable TV Available

Community Details

  • Cottonwood Townhomes Association
  • Cottonwood Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 0710-60-5713-00000

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,979

Year Built

Built in 2018

Lot Details

0

HOA Fees

$210 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Architectural Style: Contemporary
  • Year Built: 2018
  • Restrictions: Short Term Rental Allowed
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete, Gravel
  • Unit Levels: Two
  • Ratio CurrentPrice/TotalPropertyHLA: 287.86
  • Geocode Confidence: High
  • Attribution Contact: hollyasheville@gmail.com
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Entry Level: 1
  • Fireplace: No
  • Flooring: Tile, Wood
  • Interior Amenities: Breakfast Bar, Entrance Foyer, Walk-In Closet(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 640
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Main: 322
  • Sq Ft Unheated Total: 322
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 892
  • Appliances: Dishwasher, Dryer, Electric Oven, Electric Range, Microwave, Refrigerator, Washer, Washer/Dryer
  • Above Grade Finished Sq Ft: 1532
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1532
  • Bedroom Main: 0
  • Room Count: 8

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • Construction Type: Fiber Cement
  • Patio And Porch Features: Covered, Deck, Front Porch, Rear Porch

Garage/Parking

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

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: In Unit, Inside, Upper Level
  • Cooling: Heat Pump
  • Utilities: Cable Available, Electricity Connected
  • Water Source: City

Condo/Co-op/Association

  • Association Fee: 210
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Senior Community: No
  • Association Name: Cottonwood Townhomes

Association/Amenities

  • Association Annual Expense: 2520.00

Schools

  • Middle Or Junior School: Charles D Owen
  • HOA Subject To: Required

Lot Info

  • Lot Features: Level, Sloped
  • Lot Size Area: 0.04
  • Lot Size Units: Acres
  • Parcel Number: 0710-60-5713-00000
  • Plat Book Slide: 0178/0092
  • Land Included Yn: 1
  • Additional Parcels: No
  • Zoning Specification: UR-8

Green Features

  • Green Verification Count: 0

Rental Info

  • Pets Allowed: Yes

MLS Schools

  • Elementary School: Black Mountain
  • High School: Charles D Owen

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $1,979 $236,000 -- $236,000
2023 $1,979 $236,000 $0 $236,000
2022 $1,874 $236,000 $0 $0
2021 $1,874 $236,000 $0 $0
2020 $1,668 $193,600 $0 $0
2019 $1,668 $193,600 $0 $0
2018 $1,668 $193,600 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2025 09/08/25 Price Changed $441,000 -0.2% $288 / Sq Ft
08/28/2025 08/28/25 Price Changed $442,000 -0.2% $289 / Sq Ft
07/07/2025 07/07/25 Price Changed $443,000 -1.1% $289 / Sq Ft
06/19/2025 06/19/25 Price Changed $448,000 -2.4% $292 / Sq Ft
06/13/2025 06/13/25 Price Changed $459,000 -1.7% $300 / Sq Ft
05/29/2025 05/29/25 For Sale $467,000 +81.7% $305 / Sq Ft
09/19/2019 09/19/19 Sold $257,000 -3.0% $170 / Sq Ft
08/14/2019 08/14/19 Pending -- -- --
08/09/2019 08/09/19 Price Changed $264,900 -0.9% $175 / Sq Ft
07/11/2019 07/11/19 Price Changed $267,400 -0.9% $177 / Sq Ft
06/02/2019 06/02/19 For Sale $269,900 +5.0% $178 / Sq Ft
05/31/2019 05/31/19 Off Market $257,000 -- --
07/01/2018 07/01/18 For Sale $269,900 -- $178 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed $257,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $140,000 New Conventional
Source: Public Records

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Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4264765

Canopy MLS (Canopy Realtor® Association)

APN: 0710-60-5713-00000