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305 Rainbow Way, Durham, NC, 27707

$319,900

Home List Price

$3,799*

Closing Credit

2 Bedrooms
1 Full Bath
700 SqFt
$457/SqFt
House

Location

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305 Rainbow Way, Durham$319,900

Buyer Closing Credits

$3,799*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1948
HeatingForced Air, Natural Gas
CoolingCentral Air
MLS #10059457
Lot Size0.19 Acres
StatusActive

About 305 Rainbow Way

Adorable 2 bed, 1 bath bungalow in the heart of Durham! Fresh paint, hardwoods throughout, large fenced in yard, solid surface countertops, all appliances convey! Super convenient to restaurants, shops and Downtown Durham!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1948
  • Living Area: 700 SqFt

Listing Office:

  • Office Name: Massey Real Estate, LLC
  • Office Phone: (919) 401-5200
  • Listing Agent: Emily B Massey

Interior Features

Interior Information:

  • Appliances: Electric Range, Refrigerator, Washer/Dryer Stacked
  • Flooring Type: Vinyl, Wood

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Fence

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: University to James St- Right on Rainbow Way

Price Information

Listing Price Info

Price Summary:

  • List Price: $319,900
  • Price Per SqFt: $457/SqFt

Tax Information:

  • Annual Amount: $1,793
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Durham, NC.

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Durham, NC

City

Med. Sold Price

$424.7K

Med. Price/SqFt

$233

Avg. Days On Market

35

# of Sold Homes

236

305 Rainbow Way vs Durham

31 DAYS ON ROCKET

-4 Days

$319,900

-$104.8K Less

$457/SqFt

+$223 More

KEY TAKEAWAY

This property is $104.8K less than the Median Sold Price and $223/SqFt more than other homes in Durham, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Triangle MLS
  • MLS Number: #10059457

Listing Office:

  • Office Name: Massey Real Estate, LLC
  • Office Phone: (919) 401-5200
  • Listing Agent: Emily B Massey

IDX Copyright © 2024 Doorify MLS of North Carolina. All rights reserved. Listings marked with a Doorify MLS icon are provided courtesy of the Doorify MLS, of North Carolina, Internet Data Exchange Database. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use.

Properties subject to prior sale, change, withdrawal or rental. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 04, 2017Home Sold
$115,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,793$140,711
2020$1,750$140,711
2019$1,750$140,711
2018$1,687$124,332
2017$1,674$124,332

History based on county public records data.

Payment Calculator

$1,664

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,026

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-450676
3
/10

  • Lakewood Elementary School

  • 2520 Vesson Ave

  • 0.78 miles

  • Public District Grades PK-5

school-card-donut-450677
5
/10

  • Hope Valley Elementary School

  • 3005 Dixon Rd

  • 0.94 miles

  • Public District Grades KG-5

school-card-donut-450678
2
/10

  • C.C. Spaulding Elementary School

  • 1531 S Roxboro St

  • 1.06 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,045. Most Durham, NC residents have annual incomes less than $35k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 305 Rainbow Way

What is the listing price of this property?

The listing price of 305 Rainbow Way property is $319,900.

What type of property is this?

The property 305 Rainbow Way is a house located in Durham, North Carolina, 27707.

Is this property for sale now?

Active Listing: 305 Rainbow Way is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,793 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 4, 2017 for $115,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 305 Rainbow Way has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 305 Rainbow Way is 700 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 305 Rainbow Way is 1948.

Rocket Homes›North Carolina›Durham County›Durham›27707›305 Rainbow Way

This home is located at 305 Rainbow Way in Durham, NC and zip code 27707 in the Long Meadow neighborhood. This 700 square foot home, which was built in 1948, sits on a 0.19 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 22, 2024 and is currently priced at $319,900.

Over 50 listings were sold over their listed price in October 2024 in Durham, NC. In the same period over 125 listings were sold below the listed price and 61 listings were sold for the listed price. The number of homes for sale in Durham, NC increased by 2.8% between September 2024 and October 2024. While the average time on the market in October 2024 was 35 days, the median list price was $424,728.

From Rocket Homes Real Estate and based on county public records data.

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