NOT LISTED FOR SALE

229 Rainbow Terrace Black Mountain, NC 28711

Estimated Value: $382,000 - $467,000

3 Beds
2 Baths
1,162 Sq Ft
$358/Sq Ft Est. Value

Sale Details

Date Sold: June 3, 2022

Last sale price $350,223 $301 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,435 / mo

49 Days on Market

Highlights

  • A-Frame Home
  • Balcony
  • Laundry Room
  • Wooded Lot
  • Front Porch
  • Ceiling Fan

About This Home

As of June 2022

Hard to find price point, less than two miles to Downtown Black Mountain! Lots of potential in this 3/2 A-Frame on a private 1.27 acres with winter views. Sold as is. Perfect for investors!

Last Agent to Sell the Property

Marlene Clevenger

Premier Sotheby’s International Realty License #189166 Listed on: 04/15/2022

Premier Sotheby’s International Realty

Last Buyer's Agent

Hope Burk

Howard Hanna Beverly-Hanks Freestone Properties License #301637

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1985

Lot Details

  • Level Lot
  • Wooded Lot
  • Zoning described as R-10

Parking

  • Driveway

Home Design

  • A-Frame Home
  • Composition Roof
  • Wood Siding

Interior Spaces

  • Ceiling Fan
  • Living Room with Fireplace
  • Crawl Space
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Balcony
  • Outbuilding
  • Front Porch

Schools

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

Utilities

  • Baseboard Heating
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 0710-61-4123-00000

Home Details

Home Type

Single Family

Year Built

Built in 1985

Lot Details

1.27 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: A-Frame
  • Year Built: 1985
  • Ratio Current Price By Acre: 275766.14
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Asphalt
  • Structure Type: One and a Half Story
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 795
  • 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: 367
  • Porch: Balcony,Front
  • Appliances: Ceiling Fan(s), Dishwasher, Electric Oven, Electric Range
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Living Area: 1162
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 0
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Half Bathrooms: 0

Exterior Features

  • Exterior Features: Outbuilding(s)
  • New Construction: No
  • Roof: Composition
  • Tax Location: Black Mountain
  • Construction Type: Site Built
  • Construction Type: Wood Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Driveway

Utilities

  • Heating: Baseboard, Wall Unit(s)
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: Main Level
  • Water Source: Well

Schools

  • Middle Or Junior School: Charles D Owen
  • HOA Subject To: None

Lot Info

  • Lot Features: Level, Mountain View, Sloped, Wooded, Winter View
  • Lot Size Units: Acres
  • Parcel Number: 0710-61-4123-00000
  • Zoning Description: R-10

Tax Info

  • RATIO List Price By Tax Amount: 1.10338

Multi Family

  • Unit Count: 0

MLS Schools

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2022
Closed on
May 23, 2022
Sold by
Bought by
Seller's Agent
Marlene Clevenger
Premier Sotheby’s International Realty
Buyer's Agent
Hope Burk
Howard Hanna Beverly-Hanks Freestone Properties
List Price
$299,900
Sold Price
$350,223
Premium/Discount to List
$50,323
16.78%
Current Estimated Value
$415,905

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,682
Avg. Annual Appreciation
4.40%
Original Mortgage
$359,750
Outstanding Balance
$340,978
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$74,927

Purchase Details

Closed on
Jun 26, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 18, 2016
Bought by

Purchase Details

Closed on
Jul 11, 2000
Sold by
Bought by
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

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
$350,500 None Listed On Document
$178,000 None Available
$78,500 --
$99,000 --
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
Open $359,750
Previous Owner $133,500
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
06/03/2022 06/03/22 Sold $350,223 +16.8% $301 / Sq Ft
04/15/2022 04/15/22 For Sale $299,900 -- $258 / Sq Ft
Source: Canopy MLS

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 $2,279 $271,800 $142,700 $129,100
2024 $2,279 $271,800 $142,700 $129,100
2023 $2,279 $271,800 $142,700 $129,100
2022 $2,158 $271,800 $0 $0
2021 $2,158 $271,800 $0 $0
2020 $1,341 $155,700 $0 $0
2019 $1,341 $155,700 $0 $0
2018 $1,341 $155,700 $0 $0
2017 $1,357 $158,800 $0 $0
2016 $1,555 $158,800 $0 $0
2015 $1,555 $158,800 $0 $0
2014 $1,555 $158,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Marlene Clevenger

    Seller's Agent in 2022

    Marlene Clevenger

    Premier Sotheby’s International Realty

    (828) 606-6506

    5 in this area

    104 Total Sales

    Marlene Clevenger
    Section Image
  • Hope Burk

    Buyer's Agent in 2022

    Hope Burk

    Howard Hanna Beverly-Hanks Freestone Properties

    (704) 996-7864

    48 in this area

    115 Total Sales

    Hope Burk
    Section Image
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Map

Source: Canopy MLS

MLS Number: 3826274

Canopy MLS

APN: 0710-61-4123-00000

North Carolina Buncombe County Black Mountain 28711

229 Rainbow Terrace, Black Mountain, NC

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.

Canopy MLS 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.
Based on information submitted to the MLS GRID
Listings courtesy of Canopy MLS as distributed by MLS GRID

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