NOT LISTED FOR SALE

289 Rainbow Terrace Black Mountain, NC 28711

Estimated Value: $337,000 - $404,000

3 Beds
1 Bath
968 Sq Ft
$391/Sq Ft Est. Value

About This Home

This home is located at 289 Rainbow Terrace, Black Mountain, NC 28711 and is currently estimated at $378,582, approximately $391 per square foot. 289 Rainbow Terrace is a home located in Buncombe County with nearby schools including Black Mountain Elementary School, Black Mountain Primary, and Charles D. Owen Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2025
Sold by
289 Rainbow Terrace Llc
Bought by
Russell Property Investments Llc
Current Estimated Value
$378,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,800
Outstanding Balance
$137,685
Interest Rate
6.89%
Mortgage Type
Small Business Administration
Estimated Equity
$240,897

Purchase Details

Closed on
May 29, 2007
Sold by
Schaeffer Shirley Pound
Bought by
Graham Ricky D and Graham Jenny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,600
Interest Rate
6.12%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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 Buyer Sale Price Title Company
Russell Property Investments Llc -- None Listed On Document
Russell Property Investments Llc -- None Listed On Document
Graham Ricky D $152,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Russell Property Investments L $137,800
Previous Owner Graham Ricky D $121,600
Previous Owner Schaeffer Shirley Pound $20,000
Previous Owner Schaeffer Shirley Pound $74,700
Source: Public Records

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
2023 $2,085 $254,600 $115,900 $138,700
2022 $2,022 $254,600 $0 $0
2021 $2,022 $254,600 $0 $0
2020 $1,302 $151,100 $0 $0
2019 $1,302 $151,100 $0 $0
2018 $1,302 $151,100 $0 $0
2017 $1,317 $155,500 $0 $0
2016 $1,522 $155,500 $0 $0
2015 $1,522 $155,500 $0 $0
2014 $1,522 $155,500 $0 $0
Source: Public Records

Map

North Carolina Buncombe County Black Mountain 28711

289 Rainbow Terrace, Black Mountain, NC

This home is located at 289 Rainbow Terrace, Black Mountain, NC 28711 and is currently estimated at $378,582, approximately $391 per square foot. 289 Rainbow Terrace is a home located in Buncombe County with nearby schools including Black Mountain Elementary School, Black Mountain Primary, and Charles D. Owen Middle School.

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