NOT LISTED FOR SALE

4637 Rainbow Dr Kannapolis, NC 28081

Estimated Value: $130,000 - $329,000

15 Acres
$15,244 Price per Acre
653,400 Sq Ft Lot

Last Sold May 28, 2021

Last sale price $185,000

Est. 24% increase in value since last sale

Current estimated payment $1,360/month

884 Days on Market

About This Lot

As of May 2021

Their are two parcels being sold, 4693 and 4667 Rainbow Drive. The total acreage is approximately 15 acres. This property is wooded with minimal hills and slopes.

Last Agent to Sell the Property

Shelby Belk

RE/MAX Leading Edge License #293512 Listed on: 09/19/2018

RE/MAX Leading Edge

Last Buyer's Agent

Robin Mann

EXP Realty LLC Mooresville License #284187

EXP Realty LLC Mooresville

Property Details

Property Type

  • Land

Lot Details

Utilities

  • Well

Listing and Financial Details

  • Assessor Parcel Number 5604-62-1122-0000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Lots/Acres/Farms
  • Property Sub Type: Acreage
  • Ratio Close Price By List Price: 0.78723
  • Ratio Close Price By Original Li: 0.78723
  • Ratio Current Price By Acre: 12333.33
  • Restrictions: No Restrictions
  • Special Features: None

Utilities

  • Water: Well

Lot Info

  • Parcel Number: 5604-62-1122-0000
  • Zoning Specification: LDR
  • Can Be Subdivided: Yes

Tax Info

  • Tax Value: 198020.00
  • Tax Location: Cabarrus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2018
Closed on
May 21, 2021
Sold by
Mullis Vic Alan and Mullis Luanne
Bought by
Esposito Alexander J and Esposito Rebecca
Seller's Agent
Shelby Belk
RE/MAX Leading Edge
Buyer's Agent
Robin Mann
EXP Realty LLC Mooresville
List Price
$235,000
Sold Price
$185,000
Premium/Discount to List
-$50,000
-21.28%
Current Estimated Value
$228,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,667
Avg. Annual Appreciation
4.79%
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

Date Buyer Sale Price Title Company
Esposito Alexander J $185,000 None Available
Esposito John J $185,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2021 05/28/21 Sold $185,000 -21.3% --
02/19/2021 02/19/21 Pending -- -- --
09/29/2020 09/29/20 For Sale $235,000 +27.0% --
12/29/2019 12/29/19 Off Market $185,000 -- --
04/12/2019 04/12/19 For Sale $235,000 +27.0% --
03/29/2019 03/29/19 Off Market $185,000 -- --
09/19/2018 09/19/18 For Sale $235,000 -- --
Source: Canopy MLS (Canopy Realtor® Association)

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 $1,936 $286,420 $286,420 $0
2024 $1,936 $286,420 $286,420 $0
2023 $1,786 $212,560 $202,880 $9,680
2022 $1,786 $212,560 $202,880 $9,680
2021 $1,786 $212,560 $202,880 $9,680
2020 $1,786 $212,560 $202,880 $9,680
2019 $1,663 $198,020 $186,190 $11,830
2018 $1,624 $198,020 $186,190 $11,830
2017 $1,545 $198,020 $186,190 $11,830
2016 $1,455 $224,470 $209,470 $15,000
2015 $1,650 $224,470 $209,470 $15,000
2014 $1,650 $224,470 $209,470 $15,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3435973

Canopy MLS (Canopy Realtor® Association)

APN: 5604-62-1122-0000