305 Rainbow Way
Durham, NC 27707
2 bd 1 ba 700 sqft Built 1948 Lot 8,276 sqft single_family
Most recent sale
$291,000
Oct 12, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 30, 2024 | Sold | $302,000 | DoorifyMLS |
| Oct 16, 2024 | Listed for rent | $1,495 | AppfolioUnits |
| Jul 9, 2024 | Listed for rent | $1,495 | AppfolioUnits |
| Jun 20, 2024 | Price changed | $315,000 | DoorifyMLS |
| Jun 1, 2024 | Listed | $329,900 | DoorifyMLS |
| Nov 18, 2023 | Listed | $299,900 | DoorifyMLS |
| Oct 12, 2022 | Sold | $291,000 | MLS #2473326 |
| Sep 9, 2022 | Listed | $280,000 | MLS #2473326 |
| Jan 4, 2017 | Sold | $115,000 | Public Record |
| Dec 2, 2016 | Listed | $100,000 | MLS #2100986 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $97,590 | $279,650 | $377,240 | $3,739 |
| 2024 | $97,590 | $279,650 | $377,240 | $2,463 |
| 2023 | $128,976 | $47,600 | $176,576 | $2,312 |
| 2022 | $93,231 | $47,480 | $140,711 | $1,800 |
| 2021 | $93,231 | $47,480 | $140,711 | $1,793 |
| 2020 | $93,231 | $47,480 | $140,711 | $1,750 |
| 2019 | $93,231 | $47,480 | $140,711 | $1,750 |
| 2018 | $79,820 | $44,512 | $124,332 | $1,687 |
| 2017 | $79,820 | $44,512 | $124,332 | $1,674 |
| 2016 | $79,820 | $44,512 | $124,332 | $1,618 |
| 2015 | $57,126 | $19,183 | $76,309 | $1,056 |
| 2014 | $57,126 | $19,183 | $76,309 | $1,056 |
| 2013 | $57,126 | $19,183 | $76,309 | $1,024 |
| 2012 | $57,126 | $19,183 | $76,309 | $1,001 |
| 2011 | $57,126 | $19,183 | $76,309 | $995 |
| 2010 | $57,126 | $19,183 | $76,309 | $990 |
| 2009 | $57,126 | $19,183 | $76,309 | $952 |
| 2008 | $57,126 | $19,183 | $76,309 | $952 |
| 2006 | $31,065 | $21,500 | $52,565 | $371 |
Property facts
Year built
1948
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
700 sqft
Lot size
8,276 sqft
ZIP code
27707
City
Durham
Street
Rainbow Way
Coordinates
35.97590, -78.92479
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$945
Gross rental yield
3.90%
Implied cap rate
2.53%
Trend-extrapolated value
—
Frequently asked questions
When did 305 Rainbow Way last sell?
305 Rainbow Way most recently sold on Oct 12, 2022 for $291,000.
What is the current tax assessment for 305 Rainbow Way?
The most recent total assessment for 305 Rainbow Way (year 2025) is $377,240 with $3,739 in property tax.
How does 305 Rainbow Way's assessment compare to its last sale price?
The current assessment is 29.6% above the last sale price of $291,000.
When was 305 Rainbow Way built?
305 Rainbow Way was built in 1948.
How does 305 Rainbow Way compare to others on Rainbow Way?
We do not currently track other properties on Rainbow Way.
What are the property facts for 305 Rainbow Way?
305 Rainbow Way is a 2 bed, 1 bath, 700 sqft, 8,276 sqft lot single_family.
Is 305 Rainbow Way a flip candidate?
No — 305 Rainbow Way does not appear in our flips dataset.
Is 305 Rainbow Way a tax-appeal candidate?
Yes — 305 Rainbow Way appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+5.3%
Implied 1-yr
+21.2%
2026 Q3
$916.5K
2026 Q4
$952.6K
ZIP 27707 — Median Price History + Forecast
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Geography