NOT LISTED FOR SALE

40 Rainwood Ct Louisburg, NC 27549

Estimated Value: $277,000 - $351,072

4 Beds
2 Baths
1,736 Sq Ft
$174/Sq Ft Est. Value

Last Sold August 15, 2023

Last sale price $324,900 $187 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,820/month

27 Days on Market

Highlights

  • Deck
  • Granite Countertops
  • Covered Patio or Porch
  • Ranch Style House
  • No HOA
  • Cul-De-Sac

About This Home

As of August 2023

Beautiful 4 bedroom, 2 full bath ranch on large 1 plus acre lot! Completely updated interior with new kitchen cabinets, granite, tile backsplash and SS appliance suite. No detail missed. EVERYTHING IS NEW! HVAC SYSTEM INSTALLED 6/23. Very quiet cul-de-sac! Perfect property for contractors or homeowners needing room their equipment/toys! Large storage barn! HURRY, this one will go quickly!

Last Agent to Sell the Property

Bill Sewell

Sewell Realty Group License #128713 Listed on: 06/08/2023

Last Buyer's Agent

Jim Allen

Daughtry Realty License #126077

Property Details

Home Type

  • Modular Prefabricated Home

Est. Annual Taxes

  • $1,504

Year Built

  • Built in 2001

Lot Details

  • 1.03 Acre Lot
  • Cul-De-Sac
  • Landscaped
  • Garden

Parking

  • Gravel Driveway

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 1,736 Sq Ft Home
  • Ceiling Fan
  • Family Room
  • Combination Dining and Living Room
  • Crawl Space
  • Scuttle Attic Hole
  • Laundry on main level

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Carpet
  • Luxury Vinyl Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Double Vanity
  • Bathtub with Shower

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Rain Gutters

Schools

  • Louisburg Elementary School
  • Terrell Lane Middle School
  • Louisburg High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Association fees include unknown
  • Magnolia Ridge Subdivision

Property Details

Home Type

Modular Prefabricated Home

Est. Annual Taxes

$1,504

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Year Built: 2001
  • Prop. Type: Residential
  • Reso Association Fee Includes: Unknown
  • Subdivision Name: Magnolia Ridge
  • Above Grade Finished Sq Ft: 1736.0
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Contract Information Ownership Type: Other
  • General Property Information Lot Size Dimensions: see plat
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Appliances Microwave: Yes
  • Architectural Style Ranch: Yes
  • Cooling Central Air: Yes
  • Flooring Luxury Vinyl: Yes
  • Interior Features BathtubShower Combination: Yes
  • Laundry Features Main Level: Yes
  • Levels One: Yes
  • Flooring Carpet: Yes
  • Water Source Well: Yes
  • Room Types Bedroom 2 Level: M
  • Room Types Bedroom 3 Level: M
  • Room Types Bedroom 4 Level: M
  • Room Types Dining Room2: Yes
  • Room Types Family Room2: Yes
  • Room Types Primary Bedroom Level: M
  • Flooring Vinyl: Yes
  • Interior Features LivingDining Room Combination: Yes
  • Appliances Refrigerators: Yes
  • Room Types Living Room2: Yes
  • Utilities Cable Available: Yes
  • Attic Features Scuttle: Yes
  • General Property Information Above Grade Finished Area: 1736.0
  • General Property Information Carport YN: No
  • Structure Type Modular: Yes
  • General Property Information Lot Size Square Feet2: 44866.8
  • General Property Information Lot Size Acres: 1.03
  • Special Features: None
  • Property Sub Type: MobileManufactured

Interior Features

  • Flooring: Carpet, Luxury Vinyl, Vinyl
  • Interior Amenities: Bathtub/Shower Combination, Ceiling Fan(s), Double Vanity, Granite Counters, Living/Dining Room Combination, Pantry, Primary Downstairs
  • Basement: Crawl Space
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Total Bedrooms: 6
  • Appliances Dishwasher: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Primary Downstairs: Yes
  • Basement:Crawl Space: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Exterior Features: Rain Gutters
  • Acres: 1.03
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Covered, Deck, Porch
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Landscaped: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Covered2: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Lot Features:Cul-De-Sac: Yes
  • Patio And Porch Features:Deck2: Yes
  • Lot Features:Garden2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Gravel
  • Parking Features:Driveway: Yes
  • Parking Features:Gravel: Yes

Utilities

  • Utilities: Cable Available
  • Heating: Electric, Forced Air, Heat Pump
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Franklin - Louisburg
  • Middle Or Junior School: Franklin - Terrell Lane

Lot Info

  • Lot Dimensions: see plat
  • Lot Size Sq Ft: 44866.8
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1504.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Franklin - Louisburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2023
Closed on
Aug 4, 2023
Sold by
Zellos Real Estate Solutions Llc
Bought by
Ryder Daniel and Wambach Hannah
Seller's Agent
Bill Sewell
Sewell Realty Group
Buyer's Agent
Jim Allen
Daughtry Realty
List Price
$339,000
Sold Price
$324,900
Premium/Discount to List
-$14,100
-4.16%
Views
78
Current Estimated Value
$302,768

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,132
Avg. Annual Appreciation
-0.61%
Original Mortgage
$297,527
Interest Rate
6.71%
Mortgage Type
Construction

Purchase Details

Closed on
May 1, 2023
Sold by
Pillar Corey M and Pillar Brittany Kelchner
Bought by
Zellos Real Estate Solutions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,955
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2008
Sold by
Giant Contractors Llc
Bought by
Pillar Corey M and Pillar Brittany Kelchner

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,396
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 2007
Sold by
Bank Of New York Trust Company Na
Bought by
Giant Contractors Llc
Source: Public Records

Range of Values:

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Average Value
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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
Ryder Daniel $325,000 None Listed On Document
Zellos Real Estate Solutions Llc $185,000 None Listed On Document
Pillar Corey M $130,000 None Available
Giant Contractors Llc $90,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ryder Daniel $299,444
Closed Ryder Daniel $297,527
Previous Owner Zellos Real Estate Solutions Llc $226,955
Previous Owner Pillar Brittany Kelchner $20,533
Previous Owner Pillar Corey M $132,396
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2023 12/18/23 Off Market $324,900 -- --
08/15/2023 08/15/23 Sold $324,900 0.0% $187 / Sq Ft
07/05/2023 07/05/23 Pending -- -- --
06/21/2023 06/21/23 Price Changed $324,900 -4.2% $187 / Sq Ft
06/08/2023 06/08/23 For Sale $339,000 -- $195 / Sq Ft
Source: Doorify MLS

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
2024 $2,036 $324,770 $68,250 $256,520
2023 $1,515 $159,490 $30,000 $129,490
2022 $1,505 $159,490 $30,000 $129,490
2021 $1,511 $159,490 $30,000 $129,490
2020 $1,520 $159,490 $30,000 $129,490
2019 $1,510 $159,490 $30,000 $129,490
2018 $1,497 $159,490 $30,000 $129,490
2017 $1,427 $138,150 $30,000 $108,150
2016 $1,475 $138,150 $30,000 $108,150
2015 $1,475 $138,150 $30,000 $108,150
2014 $1,378 $138,150 $30,000 $108,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2515387

Doorify MLS

APN: 033529