NOT LISTED FOR SALE

759 2nd Rainbow St Lexington, NC 27295

Estimated Value: $62,000 - $126,000

2 Beds
1 Bath
732 Sq Ft
$139/Sq Ft Est. Value

Last Sold March 14, 2012

Last sale price $7,000 $10 Per Sq Ft

Est. 1,354% increase in value since last sale

Current estimated payment $592/month

567 Days on Market

Highlights

  • No HOA
  • Porch
  • Forced Air Heating System
  • Cottage
  • Shed
  • Level Lot

About This Home

As of March 2012

No hot water heater

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1912

Lot Details

  • Lot Dimensions are 65x107x40x110
  • Level Lot
  • Property is zoned TN

Parking

  • No Garage

Home Design

  • Cottage
  • Masonite

Interior Spaces

  • 732 Sq Ft Home
  • Property has 1 Level
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Shed
  • Porch

Schools

  • Lexington City Middle School
  • Lexington City High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Erlanger Mills Subdivision

Listing and Financial Details

  • Legal Lot and Block 0027 / 001
  • Assessor Parcel Number 1100700010027000
  • 1% Total Tax Rate

Home Details

Home Type

Single Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Sub Type: Single
  • Prop. Type: Residential
  • Lot Size: 65x107x40x110
  • Subdivision Name: Erlanger Mills
  • Directions: From W-S Hwy 52 south, to Hwy 8 south (Winston Road), Right on 2nd Rainbow
  • Above Grade Finished Sq Ft: 732
  • Architectural Style: Cottage
  • Unit Levels: One
  • Year Built: 1912
  • TRIADMLS_PrimaryOnMainYN: Yes
  • TRIADMLS_TotalHeatedFinishedSqFtRange: 732
  • TRIADMLS_PorchYN: Yes
  • TRIADMLS_CityLimitsYN: Yes
  • TRIADMLS_BuiltInformation: Existing
  • TRIADMLS_FencedYN: No
  • TRIADMLS_ElevatorYN: No
  • Special Features: None

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 732
  • Main Level Bathrooms: 1
  • TRIADMLS_FullBathsMain: 1
  • TRIADMLS_FixtureExceptionYN: No
  • Basement YN: No

Exterior Features

  • Exterior Features: Porch, Storage Building(s)
  • Fencing: None
  • Lot Features: City Lot, Level
  • Construction Type: Masonite
  • Foundation Details: Crawl Space

Garage/Parking

  • Parking Features: No Garage
  • Garage Description: None

Utilities

  • Sewer: Public
  • Cooling: None
  • Heating: Forced Air, Natural Gas
  • Water Source: Public
  • TRIADMLS_HeatingFuel: Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Parcel #: 1100700010027000
  • Zoning: TN

Tax Info

  • Tax Annual Amount: 287.55
  • Tax Block: 001
  • Tax Lot: 0027
  • Tax Map Number: 007
  • Tax Year: 2011
  • TRIADMLS_TaxRate: 1.15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2010
Closed on
Mar 13, 2012
Sold by
Harb Priscilla and Estate Of Mitchell Abraham Har
Bought by
Benitez Martin B
List Price
$23,570
Sold Price
$7,000
Premium/Discount to List
-$16,570
-70.3%
Current Estimated Value
$101,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,784
Avg. Annual Appreciation
21.65%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Benitez Martin B $7,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2012 03/14/12 Sold $7,000 -70.3% $10 / Sq Ft
02/25/2012 02/25/12 Pending -- -- --
08/06/2010 08/06/10 For Sale $23,570 -- $32 / 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 $671 $51,600 $0 $0
2024 $671 $51,600 $0 $0
2023 $702 $51,600 $0 $0
2022 $702 $51,600 $0 $0
2021 $671 $51,600 $0 $0
2020 $624 $48,360 $0 $0
2019 $634 $48,360 $0 $0
2018 $634 $48,360 $0 $0
2017 $634 $48,360 $0 $0
2016 $280 $21,410 $0 $0
2015 $270 $21,410 $0 $0
2014 $297 $23,570 $0 $0
Source: Public Records

Map

Source: Triad MLS

MLS Number: 588449

Triad MLS

APN: 11-007-0-001-0027-0-0-0

North Carolina Davidson County Lexington 27295

759 2nd Rainbow St, Lexington, NC

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Triad MLS Copyright 2025 Triad MLS, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. This site will be monitored for ‘scraping’ and any use of search facilities of data on the site other than by potential buyers/sellers is prohibited. All Sale data is for informational purposes only and is not an indication of a market analysis or appraisal. Properties marked with the Triad MLS, Inc. icon are provided courtesy of the Triad MLS, Inc.’s, Internet Data Exchange Database.

Nearby Homes