4786 Rainbow Dr, Kannapolis, NC, 28081

$269,900

Home List Price

$3,205*

Closing Credit

2 Bedrooms
2 Full Baths
1,067 SqFt
$253/SqFt
House

Location

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4786 Rainbow Dr, Kannapolis$269,900

Buyer Closing Credits

$3,205*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Carport
Year Built1934
HeatingHeat Pump
CoolingCentral Air
BasementYes
MLS #4174853
StatusAccepting Backup Offers
(Active Under Contract)

About 4786 Rainbow Dr

Back On The Market, No Fault Of the Seller. If you are looking for country living, yet close to everything, look no further. Come check out this well maintained home, on a large .61 of an acre lot, that is just minutes from revitalized downtown Kannapolis, where you can catch a ballgame, watch a movie at the Gem Theater, or just stroll the beautiful downtown. Also, this home is convenient to schools, shopping, and Interstate 85. Freshly painted with new HVAC in 2022, new roof in 2019, and vinyl siding, you will have many years of worry free maintenance in your new home. Come take a look. Lot next door, .46 acre to be included in sale. Both lots are within the fence. See attached survey.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1934
  • Living Area: 1,067 SqFt

Listing Office:

  • Office Name: Lantern Realty & Development, LLC
  • Office Email: markgoodnightrealtor@gmail.com

Interior Features

Interior Information:

  • Appliances: Gas Cooktop
  • Basement: Yes
  • Flooring Type: Carpet, Vinyl

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: Attached Carport

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $269,900
  • Price Per SqFt: $253/SqFt

Tax Information:

  • Annual Amount: $573
  • Tax Year: 2021
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Housing Market Comparison

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

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Kannapolis, NC

City

Med. Sold Price

$306.5K

Med. Price/SqFt

$204

Avg. Days On Market

35

# of Sold Homes

67

4786 Rainbow Dr vs Kannapolis

78 DAYS ON ROCKET

+43 Days

$269,900

-$36.6K Less

$253/SqFt

+$49 More

KEY TAKEAWAY

This property is $36.6K less than the Median Sold Price and $49/SqFt more than other homes in Kannapolis, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #4174853

Listing Office:

  • Office Name: Lantern Realty & Development, LLC
  • Office Email: markgoodnightrealtor@gmail.com

IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Copyright © 2024 MLS GRID.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 10:51:47 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

Jun 06, 2017Home Sold
$75,000

Tax History

YEARPROP. TAXASSESSMENT
2021$573$77,728
2019$573$77,728
2018$500$68,345
2017$500$68,345

History based on county public records data.

Payment Calculator

$1,415

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$876

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-436858
4
/10

  • Fred L. Wilson Elementary School

  • 1401 Pine St

  • 1.18 miles

  • Public Magnet Grades KG-5

school-card-donut-436859
6
/10

  • Woodrow Wilson Elementary School

  • 800 N Walnut St

  • 2.15 miles

  • Public District Grades KG-5

school-card-donut-436860
2
/10

  • G. W. Carver Elementary School

  • 525 E C St

  • 2.56 miles

  • Public Magnet Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,857. The most common annual income of people living in Kannapolis, NC is between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4786 Rainbow Dr

What is the listing price of this property?

The listing price of 4786 Rainbow Dr property is $269,900.

What type of property is this?

The property 4786 Rainbow Dr is a house located in Kannapolis, North Carolina, 28081.

Is this property for sale now?

Accepting Backup Offers: 4786 Rainbow Dr is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $573 (source: MLS/based on county public records data).

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

The last sale was on June 6, 2017 for $75,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 4786 Rainbow Dr has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 4786 Rainbow Dr is 1,067 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4786 Rainbow Dr is 1934.

Rocket Homes›North Carolina›Cabarrus County›Kannapolis›28081›4786 Rainbow Dr

This home is located at 4786 Rainbow Dr in Kannapolis, NC and zip code 28081. This 1,067 square foot home was built in 1934. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 28, 2024 and is currently priced at $269,900.

In October 2024 more than 11 listings in Kannapolis, NC were sold above the asking price. During the same period more than 15 listings were sold at asking price, while more than 41 were sold below. The inventory of homes for sale in Kannapolis, NC between September 2024 and October 2024 decreased by 1.4%. While the average time on the market in October 2024 was 35 days, the median list price was $306,555.

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

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