$180,000
$39K PRICE DROP

708 1st Rainbow St Lexington, NC 27295

Estimated payment $974/month

Total Views 42,523
2 Beds
1 Bath
850 Sq Ft
$212 Price per Sq Ft

About This Home

Newly renovated 2 bedroom and 1 bath home in Erlanger Mills. New Water line to Road, Roof 2024. Heat pump 2025, Brand new kitchen cabinets & appliances. Close to highways, shopping & restaurants.

Listing Agent

Stephanie Hanna

Home Sweet Home Real Estate, LLC License #261094 Listed on: 03/24/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $361

Year Built

  • Built in 1912

Lot Details

  • Lot Dimensions are 91 x 67.25 x 72.03 x 107.42
  • Cleared Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 850 Sq Ft Home
  • Property has 1 Level
  • Laminate Flooring
  • Dryer Hookup

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Lexington City Middle School
  • Lexington City High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Erlanger Mills Subdivision

Listing and Financial Details

  • Tax Lot 48
  • Assessor Parcel Number 1100700010048
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$361

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size: 91 x 67.25 x 72.03 x 107.42
  • Subdivision Name: Erlanger Mills
  • Directions: West Center street. Turn right on West Center Street EXT. Turn right on Swing Dairy Rd. Turn left on Hames St. Turns into 1st Rainbow Street. Home on Right
  • Above Grade Finished Sq Ft: 850
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1912
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_PorchYN: No
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: No
  • TRIADMLS_AdCopy: Newly renovated 2 bedroom and 1 bath home in Erlanger Mills. New Water line to Road, Roof 2024. Heat pump 2025, Brand new kitchen cabinets & appliances. Close to highways, shopping & restaurants.
  • TRIADMLS_LandDescription: Clear
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Flooring: Engineered Hardwood, Laminate
  • Interior Amenities: Dead Bolt(s)
  • Has Basement: Crawl Space
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 850
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Fencing: None
  • Lot Features: City Lot, Cleared
  • Pool Features: None
  • Construction Type: Vinyl Siding
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Laundry Features: Dryer Connection, Main Level, Washer Hookup
  • Cooling: Central Air
  • Heating: Heat Pump, Electric
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Electric
  • Water Heater: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Lexington City
  • High School: Lexington City
  • Middle Or Junior School: Lexington City

Lot Info

  • Parcel #: 1100700010048
  • Zoning: SFR
  • TRIADMLS_DeedPage: 1003
  • TRIADMLS_DeedBook: 2478

Tax Info

  • Tax Annual Amount: 361.03
  • Tax Lot: 48
  • Tax Year: 2024
  • TRIADMLS_TaxRate: 1.31

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $899 $69,170 $0 $0
2024 $358 $27,560 $0 $0
2023 $358 $27,560 $0 $0
2022 $358 $27,560 $0 $0
2021 $358 $27,560 $0 $0
2020 $315 $24,390 $0 $0
2019 $320 $24,390 $0 $0
2018 $320 $24,390 $0 $0
2017 $320 $24,390 $0 $0
2016 $320 $24,390 $0 $0
2015 $307 $24,390 $0 $0
2014 $355 $28,180 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2025 07/17/25 Price Changed $180,000 -13.9% $212 / Sq Ft
05/09/2025 05/09/25 Price Changed $209,000 -4.6% $246 / Sq Ft
03/24/2025 03/24/25 For Sale $219,000 -- $258 / Sq Ft
Source: Triad MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $7,000 None Available
Warranty Deed -- None Available
Warranty Deed $13,500 None Available
Warranty Deed -- --
Source: Public Records

About the Listing Agent

Stephanie Hanna
Stephanie Hanna

Home Sweet Home Real Estate, LLC

(336) 872-0448

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View Stephanie's Profile

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Source: Triad MLS

MLS Number: 1174695

Triad MLS

APN: 11-007-0-001-0048-0-0-0

North Carolina Davidson County Lexington 27295

708 1st Rainbow St, Lexington, NC

This home is located at 708 1st Rainbow St, Lexington, NC 27295 and is currently priced at $180,000, approximately $211 per square foot. This property was built in 1912. 708 1st Rainbow St is a home located in Davidson County with nearby schools including South Lexington School, Lexington Middle School, and Lexington Senior High School.

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Stephanie Hanna
Stephanie Hanna
Listing Agent Section Image
Home Sweet Home Real Estate, LLC
(336) 872-0448