1007 Rainbow Dr
Kannapolis, NC 28081
1 bd 1 ba 600 sqft Built 1946 Lot 34,412 sqft single_family
Most recent sale
$156,000
Aug 30, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 30, 2022 | Sold | $156,000 | MLS #3880870 |
| Jul 7, 2022 | Listed | $175,000 | MLS #3880870 |
| Apr 19, 2022 | Sold | $125,000 | MLS #3840803 |
| Apr 1, 2022 | Listed | $124,900 | MLS #3840803 |
| Jan 26, 2022 | Sold | $50,000 | Public Record |
| Mar 15, 2018 | Sold | $97,000 | Public Record |
| Aug 13, 2007 | Sold | $33,000 | Public Record |
| Jun 20, 2005 | Sold | $105,000 | Public Record |
| Oct 21, 2003 | Sold | $45,000 | Public Record |
| Apr 1, 2002 | Sold | $25,000 | Public Record |
| Nov 1, 1994 | Sold | $50,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $72,150 | $85,000 | $157,150 | $1,784 |
| 2023 | $42,340 | $39,320 | $81,660 | $1,118 |
| 2022 | $26,310 | $39,320 | $65,630 | $899 |
| 2021 | $26,310 | $39,320 | $65,630 | $899 |
| 2020 | $26,310 | $39,320 | $65,630 | $899 |
| 2019 | $22,380 | $21,490 | $43,870 | $601 |
| 2018 | $22,380 | $21,490 | $43,870 | $592 |
| 2017 | $22,380 | $21,490 | $43,870 | $583 |
| 2016 | $22,380 | $21,490 | $43,870 | $583 |
| 2015 | $23,280 | $21,490 | $44,770 | $595 |
| 2014 | $23,280 | $21,490 | $44,770 | $582 |
| 2013 | $23,280 | $21,490 | $44,770 | $564 |
| 2012 | $23,280 | $21,490 | $44,770 | $564 |
| 2010 | $28,660 | $29,260 | $57,920 | $649 |
| 2009 | $28,660 | $29,260 | $57,920 | $649 |
| 2008 | $28,660 | $29,260 | $57,920 | $649 |
| 2007 | $25,560 | $18,960 | $44,520 | $501 |
Property facts
Year built
1946
Property type
single_family
Stories
1
Beds
1
Baths
1
Living area
600 sqft
Lot size
34,412 sqft
ZIP code
28081
City
Kannapolis
Street
Rainbow Dr
Coordinates
35.49120, -80.64062
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
$810
Gross rental yield
6.23%
Implied cap rate
4.05%
Trend-extrapolated value
—
Frequently asked questions
When did 1007 Rainbow Dr last sell?
1007 Rainbow Dr most recently sold on Aug 30, 2022 for $156,000.
What is the current tax assessment for 1007 Rainbow Dr?
The most recent total assessment for 1007 Rainbow Dr (year 2025) is $157,150 with $1,784 in property tax.
How does 1007 Rainbow Dr's assessment compare to its last sale price?
The current assessment is 0.7% above the last sale price of $156,000.
When was 1007 Rainbow Dr built?
1007 Rainbow Dr was built in 1946.
How does 1007 Rainbow Dr compare to others on Rainbow Dr?
We track 8 other properties on Rainbow Dr. Browse the list under "Other properties on Rainbow Dr" to compare beds, baths, and sale history.
What are the property facts for 1007 Rainbow Dr?
1007 Rainbow Dr is a 1 bed, 1 bath, 600 sqft, 34,412 sqft lot single_family.
Is 1007 Rainbow Dr a flip candidate?
Yes — 1007 Rainbow Dr appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 1007 Rainbow Dr a tax-appeal candidate?
No — 1007 Rainbow Dr 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
+3.7%
2026 Q3
$299.4K
2026 Q4
$302.1K
ZIP 28081 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Rainbow Dr