NOT LISTED FOR SALE

55 Rainbow Dr Erwin, NC 28339

Estimated Value: $112,000 - $169,000

1 Bed
1 Bath
1,131 Sq Ft
$124/Sq Ft Est. Value

Last Sold May 22, 2023

Last sale price $112,500 $99 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $804/month

15 Days on Market

Highlights

  • Traditional Architecture
  • Main Floor Primary Bedroom
  • Home Office
  • Wood Flooring
  • No HOA
  • Living Room

About This Home

As of May 2023

Great home in Dunn! This home lives like a two bedroom home with an office! New roof installed in 2022, corner lot, and 10x20 storage shed! Don't miss this one!!

Last Agent to Sell the Property

Joshua Kennedy

Mark Spain Real Estate License #297436 Listed on: 04/05/2023

Last Buyer's Agent

Tina Caul

EXP Realty LLC License #267133

EXP Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $619

Year Built

  • Built in 1950

Lot Details

  • 0.35 Acre Lot

Home Design

  • Traditional Architecture
  • Wood Siding

Interior Spaces

  • 1,131 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Dining Room
  • Home Office

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Parking

  • Private Driveway
  • Unpaved Parking

Schools

  • Gentry Elementary School
  • Coats - Erwin Middle School
  • Triton High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Association fees include unknown

Home Details

Home Type

Single Family

Est. Annual Taxes

$619

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Year Built: 1950
  • Prop. Type: Residential
  • Reso Association Fee Includes: Unknown
  • Subdivision Name: Not in a Subdivision
  • Above Grade Finished Sq Ft: 1131.0
  • Architectural Style: Traditional
  • 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 Map
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Cooling Central Air: Yes
  • Levels One: Yes
  • Sewer:Public Sewer: Yes
  • Structure Type Site Built: Yes
  • Water Source Public: Yes
  • Flooring Hardwood: Yes
  • Room Types Bedroom 2 Level: M
  • Room Types Dining Room2: Yes
  • Architectural Style Traditional: Yes
  • Room Types Office: Yes
  • Room Types Primary Bedroom Level: M
  • Room Types Living Room2: Yes
  • Remarks and Miscellaneous Syndication Remarks2: Great home in Dunn! Two bed, one bath home with a storage shed on a nice size corner lot!
  • Flooring Laminate: Yes
  • General Property Information Above Grade Finished Area: 1131.0
  • General Property Information Carport YN: No
  • General Property Information Lot Size Square Feet2: 15246.0
  • General Property Information Lot Size Acres: 0.35
  • General Property Information:Living Area3: 1131.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Hardwood, Laminate
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Appliances:Electric Water Heater: Yes

Exterior Features

  • Acres: 0.35
  • Construction Type: Wood Siding
  • Construction Materials:Wood Siding: Yes

Garage/Parking

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

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Ninth Grade High School: Harnett - Triton
  • Middle Or Junior School: Harnett - Coats - Erwin

Lot Info

  • Lot Dimensions: See Plat Map
  • Lot Size Sq Ft: 15246.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 619.0
  • Tax Year: 2022

MLS Schools

  • Elementary School: Harnett - Gentry

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2023
Closed on
May 12, 2023
Sold by
Cox Philip James
Bought by
Morris Travis Andrew
Seller's Agent
Joshua Kennedy
Mark Spain Real Estate
Buyer's Agent
Tina Caul
EXP Realty LLC
List Price
$139,000
Sold Price
$112,500
Premium/Discount to List
-$26,500
-19.06%
Views
144
Current Estimated Value
$143,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,390
Avg. Annual Appreciation
8.81%
Original Mortgage
$15,000
Outstanding Balance
$14,574
Interest Rate
6.28%
Estimated Equity
$126,003

Purchase Details

Closed on
Jul 12, 2022
Sold by
Ray Lee Edward and Ray Tammy E
Bought by
Cox Philip James

Purchase Details

Closed on
Aug 30, 2007
Sold by
Lee Michael Anthony
Bought by
Lee Edward Ray
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Morris Travis Andrew $112,500 None Listed On Document
Cox Philip James $48,000 Malone Lee L Tart
Cox Philip James $48,000 Malone Lee L Tart
Lee Edward Ray $1,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morris Travis Andrew $15,000
Open Morris Travis Andrew $103,125
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Off Market $112,500 -- --
05/22/2023 05/22/23 Sold $112,500 -7.4% $99 / Sq Ft
04/20/2023 04/20/23 Pending -- -- --
04/18/2023 04/18/23 Price Changed $121,500 -12.6% $107 / Sq Ft
04/05/2023 04/05/23 For Sale $139,000 -- $123 / 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
2025 $624 $77,399 $0 $0
2024 $616 $77,399 $0 $0
2023 $616 $77,399 $0 $0
2022 $494 $77,399 $0 $0
2021 $494 $48,360 $0 $0
2020 $494 $48,360 $0 $0
2019 $479 $48,360 $0 $0
2018 $474 $48,360 $0 $0
2017 $474 $48,360 $0 $0
2016 $473 $48,610 $0 $0
2015 $469 $48,610 $0 $0
2014 $469 $48,610 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Doorify MLS

MLS Number: 2503475

Doorify MLS

APN: 061506 0040