1001 Rainbow Dr, Kannapolis, NC, 28081

$227,000

Home List Price

$2,696*

Closing Credit

2 Bedrooms
1 Full Bath
956 SqFt
$237/SqFt
House
Schools Nearby

Location

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1001 Rainbow Dr, Kannapolis$227,000

Buyer Closing Credits

$2,696*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built2010
HeatingElectric
CoolingCeiling Fan(s), Central Air, Electric
MLS #4117350
StatusAccepting Backup Offers
(Active Under Contract)

About 1001 Rainbow Dr

This amazingly affordable and well maintained ranch home is conveniently located minutes from Downtown Kannapolis and all of its amenities. The Kannapolis Cannon Ballers stadium, restaurants, shopping, medical offices, parks, the NC Research Campus, The Loop, just to name a few. This home is neatly appointed and ready for its new owner. Newly constructed in 2010 and situated on a corner home site with partial privacy fence off the back patio. If you desire one floor living and affordability in one of the most sought after locations, this is the home for you. Outdoor storage bin at back of home, lawn mower and weed trimmer can be conveyed with the property if buyer desires and buyer's mortgage terms allow. Back on market no fault of Seller, home is now vacant. Pictures were taken prior to Seller moving out and home coming back on market. SELLER HAS RECEIVED MULTIPLE OFFERS, PLEASE SUBMIT HIGHEST AND BEST BY 5:00 PM APRIL 4, 2024.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow, Ranch
  • Year Built: 2010
  • Living Area: 956 SqFt

Listing Office:

  • Office Name: EXP Realty LLC Ballantyne

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Electric Range, Electric Water Heater, Exhaust Fan, Microwave, Oven, Washer, Washer/Dryer
  • Basement: No
  • Flooring Type: Tile, Vinyl, Vinyl
  • Interior: Open Floorplan

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: Driveway

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Ceiling Fan(s), Central Air, Electric

School Info

Assigned Schools Information:

  • A L Brown High School, Public District Grades 9-12
  • Kannapolis Middle School, Public District Grades 7-8
  • Fred L Wilson Elementary School, Public District Grades PK-4

Other

Directions Information:

  • Directions: From Dale Earnhardt Boulevard, Turn left onto Mooresville Road, turn left onto Rainbow Drive, home is be on the corner of Rainbow and Pleasant Road.

Price Information

Listing Price Info

Price Summary:

  • List Price: $227,000
  • Price Per SqFt: $237/SqFt

Tax Information:

  • Annual Amount: $1,618
  • 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

$297K

Med. Price/SqFt

$199

Avg. Days On Market

42

# of Sold Homes

70

1001 Rainbow Dr vs Kannapolis

50 DAYS ON ROCKET

+8 Days

$227,000

-$70K Less

$237/SqFt

+$38 More

KEY TAKEAWAY

This property is $70K less than the Median Sold Price and $38/SqFt more than other homes in Kannapolis, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #4117350

Listing Office:

  • Office Name: EXP Realty LLC Ballantyne

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: 4/29/2024, 11:51:14 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

Nov 30, 2018Home Sold
$110,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,618$118,130
2020$1,618$118,130
2019$1,189$88,110
2018$1,172$88,110
2017$1,172$88,110

History based on county public records data.

Payment Calculator

$1,200

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$747

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.

Elementary School

school-card-donut-3518394
4
/10

  • Fred L Wilson Elementary School

  • 1401 Pine St

  • 0.56 miles

  • Public District Grades PK-4

Middle School

school-card-donut-3518395
2
/10

  • Kannapolis Middle School

  • 1445 Oakwood Ave

  • 1.64 miles

  • Public District Grades 7-8

High School

school-card-donut-3518396
2
/10

  • A L Brown High School

  • 415 E 1st St

  • 1.24 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,867. The majority of Kannapolis, NC residents have income less than $35k annually. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1001 Rainbow Dr

What is the listing price of this property?

The listing price of 1001 Rainbow Dr property is $227,000.

What type of property is this?

The property 1001 Rainbow Dr is a house located in Kannapolis, North Carolina, 28081.

Is this property for sale now?

Accepting Backup Offers: 1001 Rainbow Dr is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 1001 Rainbow Dr are:
Fred L Wilson Elementary School: GreatSchools Rating 4/10
Kannapolis Middle School: GreatSchools Rating 2/10
A L Brown High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,618 (source: MLS/based on county public records data).

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

The last sale was on November 30, 2018 for $110,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1001 Rainbow Dr has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1001 Rainbow Dr is 956 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1001 Rainbow Dr is 2010.

Rocket Homes›North Carolina›Cabarrus County›Kannapolis›28081›1001 Rainbow Dr

This home is located at 1001 Rainbow Dr in Kannapolis, NC and zip code 28081. This 956 square foot home was built in 2010. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 10, 2024 and is currently priced at $227,000.

In March 2024 more than 12 listings in Kannapolis, NC were sold above the asking price. During the same period more than 17 listings were sold at asking price, while more than 41 were sold below. The number of homes for sale in Kannapolis, NC increased by 13.3% between February 2024 and March 2024. While the average time on the market in March 2024 was 42 days, the median list price was $297,059.

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

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