NOT LISTED FOR SALE

302 Rainbow Way Durham, NC 27707

Forest Hills Neighborhood

Estimated Value: $363,000 - $420,000

2 Beds
1 Bath
1,150 Sq Ft
$349/Sq Ft Est. Value

About This Home

This home is located at 302 Rainbow Way, Durham, NC 27707 and is currently estimated at $401,267, approximately $348 per square foot. 302 Rainbow Way is a home located in Durham County with nearby schools including Lakewood Elementary School, Morehead Montessori, and Lakewood Montessori Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2025
Sold by
Guerra Tyrone J
Bought by
Imlay Andrew D
Current Estimated Value
$428,949

Purchase Details

Closed on
Mar 29, 2007
Sold by
Reed Robert D
Bought by
Imlay Andrew D and Guerra Tyrone J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,280
Interest Rate
6.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 2005
Sold by
Green Kate
Bought by
Reed Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,600
Interest Rate
5.48%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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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
Imlay Andrew D -- None Listed On Document
Imlay Andrew D -- None Listed On Document
Imlay Andrew D $120,500 None Available
Reed Robert D $107,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Imlay Andrew D $84,280
Previous Owner Reed Robert D $85,600
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
2025 $4,434 $447,252 $314,900 $132,352
2024 $2,985 $214,009 $53,720 $160,289
2023 $2,803 $214,009 $53,720 $160,289
2022 $2,739 $214,009 $53,720 $160,289
2021 $2,735 $214,689 $54,400 $160,289
2020 $2,671 $214,689 $54,400 $160,289
2019 $2,671 $214,689 $54,400 $160,289
2018 $2,777 $204,726 $50,662 $154,064
2017 $2,757 $204,726 $50,662 $154,064
2016 $2,664 $204,726 $50,662 $154,064
2015 $1,638 $118,298 $23,491 $94,807
2014 $1,638 $118,298 $23,491 $94,807
Source: Public Records

Map

North Carolina Durham County Durham 27707 Forest Hills

302 Rainbow Way, Durham, NC

Not Listed for Sale

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