218 Rainbow Ter
Black Mountain, NC 28711
3 bd 3 ba 1,698 sqft Built 2016 townhomes
Most recent sale
$400,000
Aug 1, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 1, 2022 | Sold | $400,000 | MLS #3874826 |
| Jun 24, 2022 | Listed | $399,000 | MLS #3874826 |
| Dec 31, 2018 | Sold | $260,000 | Public Record |
| May 31, 2018 | Listed | $259,900 | MLS #3392189 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $257,200 | — | $257,200 | $2,231 |
| 2024 | $257,200 | — | $257,200 | $2,156 |
| 2023 | $257,200 | — | $257,200 | $2,106 |
| 2022 | $257,200 | — | $257,200 | $2,042 |
| 2021 | $257,200 | — | $257,200 | $2,042 |
| 2020 | $180,000 | $27,400 | $207,400 | $1,787 |
| 2018 | $180,000 | $27,400 | $207,400 | $1,786 |
Property facts
Year built
2016
Property type
townhomes
Stories
2
Beds
3
Baths
3
Living area
1,698 sqft
Lot size
—
ZIP code
28711
City
Black Mountain
Street
Rainbow Ter
Coordinates
35.63024, -82.31031
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,292
Gross rental yield
6.88%
Implied cap rate
4.47%
Trend-extrapolated value
—
Frequently asked questions
When did 218 Rainbow Ter last sell?
218 Rainbow Ter most recently sold on Aug 1, 2022 for $400,000.
What is the current tax assessment for 218 Rainbow Ter?
The most recent total assessment for 218 Rainbow Ter (year 2025) is $257,200 with $2,231 in property tax.
How does 218 Rainbow Ter's assessment compare to its last sale price?
The current assessment is 35.7% below the last sale price of $400,000.
When was 218 Rainbow Ter built?
218 Rainbow Ter was built in 2016.
How does 218 Rainbow Ter compare to others on Rainbow Ter?
We track 8 other properties on Rainbow Ter. Browse the list under "Other properties on Rainbow Ter" to compare beds, baths, and sale history.
What are the property facts for 218 Rainbow Ter?
218 Rainbow Ter is a 3 bed, 3 bath, 1,698 sqft townhomes.
Is 218 Rainbow Ter a flip candidate?
No — 218 Rainbow Ter does not appear in our flips dataset.
Is 218 Rainbow Ter a tax-appeal candidate?
No — 218 Rainbow Ter is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.9%
Implied 1-yr
+3.5%
2026 Q3
$512.3K
2026 Q4
$516.5K
ZIP 28711 — Median Price History + Forecast
Explore nearby
Geography
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