See Home Value
Granville 27565
1507 Rainbow Circle
$329,900
● House - Off Market

1507 Rainbow Circle

Oxford, NC 27565
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,123 Ft²
$1,817
Est. Monthly
$13
HOA / Fees

About This Property

Welcome home to this lovingly maintained and thoughtfully updated retreat, nestled on over an acre in one of the area's most established rural communities. From the moment you arrive, you'll appreciate the pride of ownership and the peaceful setting that makes this property feel like home. Inside, you'll find a warm and inviting floor plan featuring three spacious bedrooms, two full bathrooms, generous walk-in closets, and a cozy family room that's perfect for relaxing after a long day or gathering with family and friends. Every update has been made with care, creating a home that is both comfortable and functional. Step outside and enjoy the true highlight of the property-a private backyard that provides a serene backdrop for morning coffee, evening "wine"downs, or simply enjoying the sounds of nature. The expansive rear decks offer plenty of space for entertaining, grilling, or hosting family gatherings while overlooking the peaceful wooded surroundings. Although tucked away in a quiet, rural setting, the neighborhood offers the charm of an established community where neighbors take pride in their homes while still enjoying the privacy and space that country living provides. If you've been searching for a home that combines comfort, thoughtful updates, and a tranquil setting, this is one you won't want to miss.
Unit Size
2,123 Ft²
Days on Market
48 days
Land Size
1.24 acres
Price per sqft
$155
Property Type
House
Property Taxes
$184
HOA Dues
$13
Year Built
2002

Payment Calculator

Cap Rate Calculator

Last updated: 2 months ago (TMLS #10182089)

Price History

Date / Event Date Event Price
Sep 9, 2026 Sold
Sold
Jul 30, 2026 In contract -
In contract
Jul 23, 2026 Listed by Northern Point Realty $329,900
Listed by Northern Point Realty
May 12, 2022 Sold
Sold
Mar 30, 2022 Listed by Northern Point Realty $295,000
Listed by Northern Point Realty
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 0
  • Building Style: 17
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 54,014
  • Total Building Area: 2,072
  • Building Area: 2,072
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 2,072
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHELTON HILLS
  • Land Acres: 0000001240
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: LOT 97 SHELTON HILLS

Neighborhood

  • School District Name: Granville County Schools
  • School Tax School District: C
  • School Tax District Code 2: SW47
  • School Tax District Code 3: ST30
  • Census Tract: 970102

Zoning

  • Zoning: AR40

Geography

  • Account Number: 1079513
  • District: 105
  • Parcel: 098300054614
  • Lot: 97
  • Municipality: WALNUT GROVE TOWNSH
  • Latitude: 36.3203
  • Longitude: -78.7272

    Address

  • Full Address: 1507 Rainbow Cir
  • Address - House Number: 1507
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Cir
  • State: NC
  • City Name: Oxford
  • Carrier Code: R001
  • 4-Digit Zip Code: 5404
  • Zip Code: 27565

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $172,062

    Appraisal Valuation

  • Standard Deviation: 0.1652
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 79
  • Final Value: 310,601
  • High Value: 361,913
  • Low Value: 259,288

    Market Valuation

  • Market Total Value: $180,980
  • Market Land Value: $16,096
  • Market Improvement Value: $164,884

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $180,980
  • Assessed Land Value: $16,096
  • Assessed Improvements Value: $164,884

    Sales

  • Current Sale Contract Date: May 12, 2022
  • Current Sale Recording Date: May 12, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3669640003
  • Previous Sale Recording Date: Jan 13, 2021
  • Previous Sale Contract Date: Jan 07, 2021
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Granville


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals



Frequently Asked Questions

When was property at 1507 Rainbow Circle built and last sold?
The property at 1507 Rainbow Circle was built in 2002 and last sold on May 12, 2022 for $300,000.
How much is this home worth?
The estimated value of the home located at 1507 Rainbow Circle is $334,300.
What are some comparable homes to 1507 Rainbow Circle?
There are currently no comparable homes to 1507 Rainbow Circle.