NOT LISTED FOR SALE

4707 Rainbow Dr Kannapolis, NC 28081

Estimated Value: $293,000 - $376,000

3 Beds
1.5 Baths
1,663 Sq Ft
$206/Sq Ft Est. Value

Last Sold October 21, 2022

Last sale price $330,000 $198 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,973/month

9 Days on Market

Highlights

  • Wooded Lot
  • Covered Patio or Porch
  • Breakfast Bar
  • Wood Flooring
  • Detached Garage
  • Laundry Room

About This Home

As of October 2022

Adorable 3 bed, 1.5 bath home with huge fenced lot in Kannapolis. Updated ranch/rambler sits on over one acre with NO city taxes and NO HOA. Beautiful kitchen cabinets with breakfast bar, granite countertops, stainless steel appliances, large pantry, ceramic flooring, and two windows for lots of natural light. Hardwood floors throughout
living areas and bedrooms. Spacious living room features a gas fireplace and built in shelves. Full bath has a
double vanity with granite countertops. Half bath has pedestal sink. Custom-built, 2-car carport plus detached 1-car garage allows covered parking for 3 vehicles in total; circular drive offers additional parking space. Roof replaced in 2018. Located just minutes from Downtown Kannapolis, this home is sure to sell quickly!

Last Agent to Sell the Property

Allison Wightman

Keller Williams Premier License #287186 Listed on: 09/14/2022

Keller Williams Premier

Last Buyer's Agent

Kris Hitchcock

Highgarden Real Estate License #315626

Highgarden Real Estate

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • Fenced
  • Level Lot
  • Wooded Lot
  • Zoning described as LDR

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,663 Sq Ft Home
  • Ceiling Fan
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Crawl Space
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • Detached Garage
  • Driveway

Outdoor Features

  • Covered Patio or Porch

Schools

  • Fred Wilson Elementary School
  • Kannapolis Middle School
  • A.L. Brown High School

Utilities

  • Central Heating
  • Natural Gas Connected
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 5604-63-5094-0000

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1950
  • Ratio Current Price By Acre: 308411.21
  • Road Surface Type: Asphalt
  • Structure Type: One Story
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 198.44
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Crawl Space
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Breakfast Bar, Pantry
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 916
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1663
  • 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: 0
  • Porch: Covered,Front,Patio,Side
  • Appliances: Ceiling Fan(s), Electric Range, Microwave, Natural Gas, Refrigerator
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Living Room
  • Living Area: 1663
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Half Bathrooms: 1

Exterior Features

  • Exterior Features: Fence
  • New Construction: No
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Construction Type: Vinyl Siding

Garage/Parking

  • Main Level Garage YN: 1
  • Parking Features: Carport - 2 Car, Detached, Driveway, Garage - 1 Car

Utilities

  • Heating: Central, Gas Hot Air Furnace
  • Sewer: Septic Installed
  • Water Heater: Electric
  • Laundry Features: Main Level, Laundry Room
  • Water Source: Well

Schools

  • Middle Or Junior School: Kannapolis
  • HOA Subject To: None

Lot Info

  • Lot Features: Level, Wooded
  • Lot Size Units: Acres
  • Parcel Number: 5604-63-5094-0000
  • Zoning Description: LDR
  • ResoLotSizeUnits: Acres

Tax Info

  • RATIO List Price By Tax Amount: 1.87557

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Fred Wilson
  • High School: A.L. Brown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2022
Closed on
Oct 21, 2022
Sold by
Price Kyle J and Price Jillian L
Bought by
Bateman Robert and Hernandez Francine
Seller's Agent
Allison Wightman
Keller Williams Premier
Buyer's Agent
Kris Hitchcock
Highgarden Real Estate
List Price
$340,000
Sold Price
$330,000
Premium/Discount to List
-$10,000
-2.94%
Views
7
Current Estimated Value
$342,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,986
Avg. Annual Appreciation
1.24%
Original Mortgage
$202,800
Outstanding Balance
$194,948
Interest Rate
5.89%
Mortgage Type
VA
Estimated Equity
$148,038

Purchase Details

Closed on
Sep 22, 2016
Sold by
Hubbard Jonathan M and Hubbard Lauren D
Bought by
Price Kyle J and Price Jillian L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,700
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 7, 2007
Sold by
Bare William J and Bare Patricia
Bought by
Hubbard Jonathan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,200
Interest Rate
6.37%
Mortgage Type
Purchase Money Mortgage
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Bateman Robert $330,000 --
Price Kyle J $173,000 None Available
Hubbard Jonathan M $104,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bateman Robert $202,800
Previous Owner Price Kyle J $155,700
Previous Owner Hubbard Jonathan M $83,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2022 10/21/22 Sold $330,000 +0.6% $198 / Sq Ft
09/23/2022 09/23/22 Pending -- -- --
09/19/2022 09/19/22 Price Changed $328,000 -3.5% $197 / Sq Ft
09/14/2022 09/14/22 For Sale $340,000 -- $204 / Sq Ft
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 $2,093 $309,680 $50,400 $259,280
2024 $2,205 $326,210 $68,000 $258,210
2023 $1,469 $174,880 $44,200 $130,680
2022 $1,469 $174,880 $44,200 $130,680
2021 $1,469 $174,880 $44,200 $130,680
2020 $1,469 $174,880 $44,200 $130,680
2019 $886 $105,530 $22,100 $83,430
2018 $865 $105,530 $22,100 $83,430
2017 $823 $105,530 $22,100 $83,430
2016 $776 $103,510 $25,500 $78,010
2015 $736 $103,510 $25,500 $78,010
2014 $736 $103,510 $25,500 $78,010
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3899020

Canopy MLS (Canopy Realtor® Association)

APN: 5604-63-5094-0000