NOT LISTED FOR SALE

48 Rainbow Ridge Leicester, NC 28748

Estimated Value: $464,000 - $507,000

3 Beds
1.5 Baths
2,068 Sq Ft
$234/Sq Ft Est. Value

Last Sold April 22, 2020

Last sale price $295,000 $143 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $2,746/month

2 Days on Market

Highlights

  • Mountain View
  • Family Room with Fireplace
  • Wood Flooring
  • Deck
  • Ranch Style House
  • Workshop

About This Home

As of April 2020

Location, Location, Location. Tremendous views from this very private but very convenient location just 12 miles from downtown Asheville.Only three other homes on this private paved road.Nice 3 bedroom 1 1/2 bath brick immaculate rancher.

Last Agent to Sell the Property

Nathan Ostroot

Asheville Realty Group Brokerage Email: nathan@ashevillerealtygroup.com License #279424 Listed on: 03/05/2020

Co-Listed By

Natalie Shaw

Howard Hanna Beverly-Hanks Asheville-Downtown Brokerage Email: nathan@ashevillerealtygroup.com License #283194

Last Buyer's Agent

Scott Carter

The Real Estate Center License #189602

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,278

Year Built

  • Built in 1971

Lot Details

  • 0.76 Acre Lot
  • Property is zoned OU

Home Design

  • Ranch Style House
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • Ceiling Fan
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Mountain Views
  • Attic Fan

Kitchen

  • Electric Oven
  • Electric Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Laundry

  • Laundry Room
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Workshop

Parking

  • Garage
  • 2 Detached Carport Spaces
  • Basement Garage
  • Driveway

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Balcony
  • Deck
  • Wrap Around Porch
  • Fire Pit

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 9701-02-5855-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,278

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1971
  • Restrictions: N/A
  • Special Assessment Yn: 0
  • Proposed Special Assessment Yn: 0
  • Road Surface Type: Concrete
  • Unit Levels: One
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 142.65
  • Attribution Contact: nathan@ashevillerealtygroup.com
  • Special Features: None

Interior Features

  • Flooring: Carpet, Vinyl, Wood
  • Interior Amenities: Cable Prewire
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 2068
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 1360
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 1360
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Freezer, Gas Water Heater, Refrigerator, Washer
  • Above Grade Finished Sq Ft: 2068
  • Accessibility Features: Two or More Access Exits
  • Has Basement: Basement, Basement Shop, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Family Room, Fire Pit, Gas Log, Living Room
  • Living Area: 2068
  • Bedroom Main: 3

Exterior Features

  • Exterior Features: Fire Pit
  • New Construction: No
  • Roof: Fiberglass
  • Construction Type: Site Built
  • View: Long Range, Mountain(s), Winter, Year Round
  • Construction Type: Brick Full
  • Patio And Porch Features: Balcony, Covered, Deck, Porch, Rear Porch, Wrap Around

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Spaces: 2
  • Carport Y N: Yes
  • Parking Features: Carport, Driveway

Utilities

  • Heating: Central, Forced Air, Natural Gas
  • Sewer: Septic Installed
  • Laundry Features: In Basement
  • Cooling: Attic Fan, Ceiling Fan(s), Heat Pump
  • Utilities: Cable Available, Gas
  • Water Source: Well

Condo/Co-op/Association

  • Hoa Subject To Dues: No
  • Association: No

Schools

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

Lot Info

  • Lot Features: Views
  • Lot Size Units: Acres
  • Parcel Number: 9701-02-5855-00000
  • Zoning: OU
  • Lot Size Acres: 0.76
  • Lot Size Sq Ft: 33105
  • ResoLotSizeUnits: Acres
  • Zoning Specification: OU

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2020
Closed on
Apr 20, 2020
Sold by
Myers John Peder and Myers Carolyn Sell
Bought by
Cook Gabriel
Seller's Agent
Nathan Ostroot
Asheville Realty Group
Buyer's Agent
Scott Carter
The Real Estate Center
List Price
$295,000
Sold Price
$295,000
Current Estimated Value
$484,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,168
Avg. Annual Appreciation
9.27%
Original Mortgage
$260,000
Outstanding Balance
$232,326
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$251,842

Purchase Details

Closed on
Sep 2, 2016
Sold by
Myers John Peder and Myers Carolyn Sell
Bought by
Myers John Peder and Myers Carolyn Sell

Purchase Details

Closed on
Mar 15, 2005
Sold by
Carroll Edward N and Carroll Gail A
Bought by
Myers John and Myers Carolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,500
Interest Rate
4.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 3, 2002
Sold by
Lott Thomas C and Moylan Eleanor
Bought by
Carroll Edward N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
7%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Cook Gabriel $295,000 None Available
Myers John Peder -- None Available
Myers John $171,000 --
Carroll Edward N $132,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cook Gabriel $260,000
Previous Owner Myers John $150,500
Previous Owner Carroll Edward N $106,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2020 04/22/20 Sold $295,000 0.0% $143 / Sq Ft
03/07/2020 03/07/20 Pending -- -- --
03/05/2020 03/05/20 For Sale $295,000 -- $143 / 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 $2,278 $346,200 $17,200 $329,000
2024 $2,278 $346,200 $32,200 $314,000
2023 $2,278 $346,200 $32,200 $314,000
2022 $2,175 $346,200 $0 $0
2021 $2,175 $346,200 $0 $0
2020 $1,548 $231,400 $0 $0
2019 $1,548 $231,400 $0 $0
2018 $1,548 $231,400 $0 $0
2017 $1,571 $206,400 $0 $0
2016 $1,536 $206,400 $0 $0
2015 $1,536 $206,400 $0 $0
2014 $1,474 $206,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3598807

Canopy MLS (Canopy Realtor® Association)

APN: 9701-02-5855-00000