NOT LISTED FOR SALE

611 Rainbow Dr Kannapolis, NC 28081

Estimated Value: $231,000 - $296,000

2 Beds
1 Bath
1,122 Sq Ft
$237/Sq Ft Est. Value

About This Home

This home is located at 611 Rainbow Dr, Kannapolis, NC 28081 and is currently estimated at $266,106, approximately $237 per square foot. 611 Rainbow Dr is a home located in Cabarrus County with nearby schools including Fred L. Wilson Elementary School, Kannapolis Middle, and A.L. Brown High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 7, 2020
Sold by
Farmer Claude N and Bonds Cheryl
Bought by
Dulin Lea
Current Estimated Value
$266,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,600
Outstanding Balance
$98,828
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$167,278

Purchase Details

Closed on
Nov 9, 2000
Sold by
Farmer Claude N
Bought by
Farmer Claude N and Bonds Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.48%

Purchase Details

Closed on
Mar 12, 1999
Sold by
Farmer Darlene S and Farmer Darlene Sue
Bought by
Farmer Claude N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.85%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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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
Dulin Lea $123,000 None Available
Farmer Claude N -- --
Farmer Claude N -- --
Farmer Claude N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dulin Lea $110,600
Previous Owner Farmer Claude N $75,000
Previous Owner Farmer Claude N $50,000
Closed Farmer Claude N $13,000
Source: Public Records

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 $3,595 $316,580 $150,000 $166,580
2024 $3,595 $316,580 $150,000 $166,580
2023 $2,175 $158,770 $60,000 $98,770
2022 $2,138 $156,090 $60,000 $96,090
2021 $2,138 $156,090 $60,000 $96,090
2020 $2,138 $156,090 $60,000 $96,090
2019 $1,644 $120,000 $33,600 $86,400
2018 $1,620 $120,000 $33,600 $86,400
2017 $1,596 $120,000 $33,600 $86,400
2016 $1,596 $120,320 $36,000 $84,320
2015 $1,516 $120,320 $36,000 $84,320
2014 $1,516 $120,320 $36,000 $84,320
Source: Public Records

Map

North Carolina Cabarrus County Kannapolis 28081

611 Rainbow Dr, Kannapolis, NC

Not Listed for Sale

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