229 Rainbow Ter
Black Mountain, NC 28711
3 bd 2 ba 1,162 sqft Built 1985 Lot 55,321 sqft single_family
Most recent sale
$350,223
Jun 3, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 3, 2022 | Sold | $350,223 | MLS #3826274 |
| Apr 15, 2022 | Listed | $299,900 | MLS #3826274 |
| Jun 27, 2019 | Sold | $178,000 | Public Record |
| Jul 11, 2000 | Sold | $99,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $129,100 | $142,700 | $271,800 | $2,358 |
| 2024 | $129,100 | $142,700 | $271,800 | $2,279 |
| 2023 | $129,100 | $142,700 | $271,800 | $2,226 |
| 2022 | $129,100 | $142,700 | $271,800 | $2,158 |
| 2021 | $129,100 | $142,700 | $271,800 | $2,158 |
| 2020 | $109,800 | $45,900 | $155,700 | $1,341 |
| 2019 | $109,800 | $45,900 | $155,700 | $1,341 |
| 2018 | $109,800 | $45,900 | $155,700 | $1,341 |
| 2017 | $109,800 | $45,900 | $155,700 | $1,357 |
| 2016 | $112,900 | $45,900 | $158,800 | $1,555 |
| 2015 | $112,900 | $45,900 | $158,800 | $1,555 |
| 2014 | $112,900 | $45,900 | $158,800 | $1,555 |
| 2013 | $112,900 | $45,900 | $158,800 | $1,555 |
| 2012 | $108,100 | $56,800 | $164,900 | $1,468 |
| 2011 | $108,100 | $56,800 | $164,900 | $1,468 |
| 2010 | $108,100 | $56,800 | $164,900 | $1,468 |
| 2009 | $108,100 | $56,800 | $164,900 | $1,393 |
| 2008 | $108,100 | $56,800 | $164,900 | $1,393 |
| 2007 | $108,100 | $56,800 | $164,900 | $1,393 |
Property facts
Year built
1985
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
1,162 sqft
Lot size
55,321 sqft
ZIP code
28711
City
Black Mountain
Street
Rainbow Ter
Coordinates
35.63158, -82.31058
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,569
Gross rental yield
5.38%
Implied cap rate
3.49%
Trend-extrapolated value
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Frequently asked questions
When did 229 Rainbow Ter last sell?
229 Rainbow Ter most recently sold on Jun 3, 2022 for $350,223.
What is the current tax assessment for 229 Rainbow Ter?
The most recent total assessment for 229 Rainbow Ter (year 2025) is $271,800 with $2,358 in property tax.
How does 229 Rainbow Ter's assessment compare to its last sale price?
The current assessment is 22.4% below the last sale price of $350,223.
When was 229 Rainbow Ter built?
229 Rainbow Ter was built in 1985.
How does 229 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 229 Rainbow Ter?
229 Rainbow Ter is a 3 bed, 2 bath, 1,162 sqft, 55,321 sqft lot single_family.
Is 229 Rainbow Ter a flip candidate?
No — 229 Rainbow Ter does not appear in our flips dataset.
Is 229 Rainbow Ter a tax-appeal candidate?
No — 229 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
Other properties on Rainbow Ter