NOT LISTED FOR SALE

720 1st Rainbow St Lexington, NC 27295

Estimated Value: $69,000 - $166,000

1 Bed
1 Bath
1,000 Sq Ft
$106/Sq Ft Est. Value

Last Sold June 15, 2017

Last sale price $21,000 $21 Per Sq Ft

Est. 405% increase in value since last sale

Current estimated payment $588/month

83 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • Porch
  • Forced Air Heating System
  • No HOA
  • Bungalow
  • Wood Siding

About This Home

As of June 2017

Cozy investment property. Currently rented

Last Agent to Sell the Property

Thomas Foust

Leonard Craver Realty Inc License #23865 Listed on: 02/10/2017

Last Buyer's Agent

Thomas Foust

Leonard Craver Realty Inc License #23865 Listed on: 02/10/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $316

Year Built

  • Built in 1912

Lot Details

  • Lot Dimensions are 70 x 102 x 42 x 112
  • Property is zoned TN

Parking

  • Gravel Driveway

Home Design

  • Bungalow
  • Wood Siding

Interior Spaces

  • 858 Sq Ft Home
  • 700-1,000 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Outdoor Features

  • Porch

Schools

  • Lexington City Middle School
  • Lexington City High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Erlanger Mills Subdivision

Listing and Financial Details

  • Legal Lot and Block 0042 / 001
  • Assessor Parcel Number 1100700010042000
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Est. Annual Taxes

$316

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Sub Type: Stick/Site Built
  • Prop. Type: Residential
  • Lot Size: 70 x 102 x 42 x 112
  • Subdivision Name: Erlanger Mills
  • Directions: North Main street Lexington, to West 6th st. that becomes Old Hwy 52 north, Left on 1st Rainbow, House on Left.
  • Above Grade Finished Sq Ft: 858
  • Architectural Style: Bungalow
  • Unit Levels: One
  • Structure Type: House
  • Year Built: 1912
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 700 - 1000
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_ElevatorYN: No
  • TRIADMLS_AdCopy: Cozy investment property. Currently rented. Listed w/Tom Foust @ Leonard Craver Realty. 336-249-0296
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Living Area: 858
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: Yes
  • Basement YN: No

Exterior Features

  • Lot Features: City Lot
  • Pool Features: None
  • Exclusions: 2 Window Units Owned By Tenant.
  • Construction Type: Wood Siding
  • TRIADMLS_PoolYN: No
  • Flood Zone: Not in Flood Zone

Garage/Parking

  • Parking Features: Driveway, Gravel

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas
  • 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 #: 1100700010042000
  • Zoning: TN
  • TRIADMLS_AcresRange: 0 - 0

Tax Info

  • Tax Annual Amount: 316
  • Tax Block: 001
  • Tax Lot: 0042
  • Tax Map Number: 007
  • Tax Year: 2016
  • TRIADMLS_TaxRate: 1.19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2017
Closed on
Jun 15, 2017
Sold by
Hannah George Verlin and Hannah Patricia W
Bought by
Younts Shane N and Younts Mary Frances
Seller's Agent
Thomas Foust
Leonard Craver Realty Inc
Buyer's Agent
Thomas Foust
Leonard Craver Realty Inc
List Price
$29,900
Sold Price
$21,000
Premium/Discount to List
-$8,900
-29.77%
Current Estimated Value
$106,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,051
Avg. Annual Appreciation
21.32%
Original Mortgage
$16,800
Outstanding Balance
$8,815
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$97,236

Purchase Details

Closed on
Nov 1, 1979
Source: Public Records

Range of Values:

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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
Younts Shane N $21,000 None Available
-- $11,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Younts Shane N $16,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2017 06/15/17 Sold $21,000 -29.8% $30 / Sq Ft
05/05/2017 05/05/17 Pending -- -- --
02/10/2017 02/10/17 For Sale $29,900 -- $43 / Sq Ft
Source: Triad 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 $396 $30,470 $0 $0
2024 $396 $30,470 $0 $0
2023 $396 $30,470 $0 $0
2022 $396 $30,470 $0 $0
2021 $396 $30,470 $0 $0
2020 $331 $25,620 $0 $0
2019 $336 $25,620 $0 $0
2018 $328 $25,040 $0 $0
2017 $328 $25,040 $0 $0
2016 $328 $25,040 $0 $0
2015 $316 $25,040 $0 $0
2014 $387 $30,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2017

    Thomas Foust

    Leonard Craver Realty Inc

    (336) 239-8219

    4 in this area

    6 Total Sales

    Thomas Foust
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Map

Source: Triad MLS

MLS Number: 820947

Triad MLS

APN: 11-007-0-001-0042-0-0-0

North Carolina Davidson County Lexington 27295

720 1st Rainbow St, Lexington, NC

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