711 1st Rainbow St Lexington, NC 27295
Estimated payment $1,330/month
Highlights
- No HOA
- Bungalow
- Forced Air Heating and Cooling System
- Porch
- Tile Flooring
About This Home
Welcome to 711 1st Rainbow Street in Lexington! This beautifully renovated 3-bedroom, 2-bath bungalow blends modern updates with timeless charm. Step onto the inviting covered front porch and enter a spacious open-concept living area that seamlessly flows into the kitchen. Featuring granite countertops, brand-new cabinetry, stainless steel appliances, and an oversized pantry, the kitchen is designed to impress. Soaring ceilings give this home an open, airy feel, making it live larger than it appears. The generous primary suite includes a walk-in closet rarely found at this price point, along with a stunning en-suite bath complete with a fully tiled walk-in shower, double vanity, and tile flooring. All bedrooms are generously sized with oversized closets, and no detail was overlooked in this thoughtful renovation. Located just minutes from uptown Lexington and everything Davidson County has to offer, this home is an exceptional value—don’t miss your chance to make it yours!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,751
Year Built
- Built in 1912
Lot Details
- 8,276 Sq Ft Lot
- Cleared Lot
- Property is zoned TN
Parking
- Driveway
Home Design
- Bungalow
- Vinyl Siding
Interior Spaces
- 1,601 Sq Ft Home
- Property has 1 Level
Flooring
- Carpet
- Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Porch
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Electric Water Heater
Community Details
- No Home Owners Association
- Erlanger Mills Subdivision
Listing and Financial Details
- Assessor Parcel Number 1100700010034000
- 1% Total Tax Rate
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $1,751 | $134,710 | $0 | $0 |
| 2023 | $540 | $41,510 | $0 | $0 |
| 2022 | $540 | $41,510 | $0 | $0 |
| 2021 | $540 | $41,510 | $0 | $0 |
| 2020 | $451 | $34,960 | $0 | $0 |
| 2019 | $458 | $34,960 | $0 | $0 |
| 2018 | $458 | $34,960 | $0 | $0 |
| 2017 | $458 | $34,960 | $0 | $0 |
| 2016 | $458 | $34,960 | $0 | $0 |
| 2015 | $440 | $34,960 | $0 | $0 |
| 2014 | $363 | $28,820 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2025 08/07/25 | For Sale | $218,900 | 0.0% | $137 / Sq Ft |
| 06/24/2025 06/24/25 | Pending | -- | -- | -- |
| 06/17/2025 06/17/25 | For Sale | $218,900 | +9.5% | $137 / Sq Ft |
| 12/29/2023 12/29/23 | Sold | $199,900 | 0.0% | $143 / Sq Ft |
| 12/07/2023 12/07/23 | For Sale | $199,900 | 0.0% | $143 / Sq Ft |
| 11/09/2023 11/09/23 | Pending | -- | -- | -- |
| 11/07/2023 11/07/23 | Price Changed | $199,900 | -13.0% | $143 / Sq Ft |
| 10/30/2023 10/30/23 | Price Changed | $229,900 | -2.2% | $164 / Sq Ft |
| 10/11/2023 10/11/23 | For Sale | $235,000 | -- | $168 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $200,000 | None Listed On Document | |
| Warranty Deed | $200,000 | None Listed On Document | |
| Warranty Deed | $52,500 | University Title Agency | |
| Warranty Deed | $6,000 | University Title | |
| Warranty Deed | $6,000 | University Title | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $19,000 | None Available | |
| Warranty Deed | $5,000 | None Available | |
| Warranty Deed | $14,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $7,500 | No Value Available | |
| Closed | $7,500 | New Conventional | |
| Open | $193,600 | New Conventional | |
| Closed | $193,600 | New Conventional | |
| Previous Owner | $130,000 | New Conventional | |
| Previous Owner | $4,000 | Commercial | |
| Previous Owner | $5,000 | Commercial | |
| Previous Owner | $5,000 | Commercial |
Source: Triad MLS
MLS Number: 1184659
APN: 11-007-0-001-0034-0-0-0
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