When was property at 107 Rainbow Drive built and last sold?

The property at 107 Rainbow Drive was built in 1971 and last sold on Oct 7, 2022 for $484,000.

How much is this home worth?

The estimated value of the home located at 107 Rainbow Drive is $438,663.

What are some comparable homes to 107 Rainbow Drive?

There are currently no comparable homes to 107 Rainbow Drive.

Carrboro

27516

Plantation Acres

107 Rainbow Drive

$483,750

● House - Off Market

107 Rainbow Drive

Carrboro, NC 27510

4 Beds

3 Baths

1,924 Ft²

$449,943

RealtyHop Estimate

4.64%

Since Nov 1, 2022

National-US

Primary Model

About This Property

Opportunity is knocking, somewhere over the rainbow....Carrboro classic on a HUGE lot with wired workshop and all the elements you need to create your own private sanctuary. Updated windows, large airy spaces, new light fixtures and fresh paint with a floor plan that allows for a variety of needs; the possibilities are endless both for the house and yard. The property has been excellently maintained but is ready for a new owner to shepherd it into its next chapter.

Unit Size

1,924 Ft²

Days on Market

Land Size

0.76 acres

Price per sqft

$223

Property Type

House

Property Taxes

$460

HOA Dues

Year Built

1971

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (TMLS #2475919)

Price History

Date / Event	Date	Event
Oct 13, 2022	Sold	Premium
Sold
Sep 24, 2022	Listed by Fonville Morisey Realty	$430,000
Listed by Fonville Morisey Realty
Oct 5, 2013	Sold	Premium
Sold

Property Highlights

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1971

Effective Year Built: 1985
Total Rooms: 5
Bedroom Count: 3
Bathroom Count: 2
Full Bathrooms: 2
Partial Bathrooms: 2
Bathroom Plumbing Fixtures: 3
Building Condition: 0
Building Quality: 0
Construction Type: 6
Building Style: 16
Exterior Walls Type: 15
Interior Walls Type: 0
Roof Shape Type: 1
Roof Cover Type: 20
Floor Count: 100
Living Units: 1
Floor Cover: 0
Basement Type: 9
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 33,106

Lot Size Depth Feet: 2,000
Lot Size Frontage Feet: 1,650
Total Building Area: 1,911
Gross Building Area: 3,405
Building Area: 1,911
Building Area Measurement: L

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 13
Heating: 24
Heated Square Feet: 1,911
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 2

Building

Building Type: 0

Property Class: R
Subdivision: R S LLOYD
Land Acres: 0000000760
Standard Land Use Code: 1001
County Land Use Code: 1001
Legal Description 1: 31 R S LLOYD SEC I P14/49

Neighborhood

School District Name: Chapel Hill-Carrboro Schools

School Tax School District: CH-CARR SCHOOL
Census Tract: 010705

Zoning

Zoning: R20

Geography

Assessors Map Reference: 13-E-481

District: 7
Section: I
Parcel: 9779-20-6931
Municipality: CHAPEL HILL
Latitude: 35.9234
Longitude: -79.0922

Address

Full Address: 107 Rainbow Dr

Address - House Number: 107
Address - Street Name: Rainbow
Address - Suffix Type: Dr
State: NC
City Name: Carrboro
Carrier Code: C006
4-Digit Zip Code: 1127
Zip Code: 27510

Valuation

Tax

Tax Year: 2023

Tax Amount: $585,586
Initial Tax Delinquent Year: 2022
Tax Rate Code Area: CHSC,ORAG,

Appraisal Valuation

Standard Deviation: 0.1935

Valuation Date: Oct 11, 2023
Confidence Score: 74
Final Value: 522,228
High Value: 623,301
Low Value: 421,154

Open Liens

Total Open Liens:

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Total Open Liens Amount:

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First Open Lien Mortgage Lender:

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First Open Lien Mortgage Recording Date:

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First Open Lien Mortgage Loan Amount:

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First Open Lien Mortgage Term:

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First Open Lien Mortgage Loan Due Date:

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Market Valuation

Market Total Value: $343,400

Market Land Value: $170,000
Market Improvement Value: $173,400

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $343,400
Assessed Land Value: $170,000
Assessed Improvements Value: $173,400

Sales

Current Sale Contract Date: Oct 07, 2022

Current Sale Recording Date: Oct 13, 2022
Current Sale Price:

Premium
Current Sale Document Type: 71
Current Sale Input Document Number: 30079979
Previous Sale Recording Date: Oct 05, 2013
Previous Sale Contract Date: Oct 05, 2013
Previous Sale Amount: $31,700
Previous Sale Document Type: 27

Last Sale Mortgage

First Mortgage Lender:

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First Mortgage Transaction Date:

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First Mortgage Loan Amount:

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First Mortgage Terms:

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First Mortgage Loan Type:

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First Mortgage Loan Due Date:

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Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Plantation Acres

Stats & Trends

Median Asking:

$590,000

Sale Price/ft²

$296

Below Asking

0.06%

Average Days on Market

Average Home Size

1656 ft²

Average Home Age

64 years

Currently For Sale

1 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 109 Weatherhill Point, Carrboro, NC, 27510

$2,900 /mo

4 Beds
2 Baths

109 Weatherhill Point, Carrboro, NC, 27510 Listing by Rudra Seegobin

Unit for rent at 114 Chaucer Court, NC, 27510

$2,900 /mo

2 Beds
2 Baths
1,000 ft²

114 Chaucer Court, NC, 27510 Listing by Elad (Dale) Sela

Unit for rent at 100 N Camellia Street, Chapel Hill, NC, 27516

$2,745 /mo

4 Beds
3 Baths
2,900 ft²

100 N Camellia Street, Chapel Hill, NC, 27516 Listing by Narsa Gaddam

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Jackie Tanner, Fonville Morisey Realty
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2475919

Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.

107 Rainbow Drive

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Plantation Acres

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions