See Home Value
$640,000
● House - Off Market

308 Rainbow Drive

Carrboro, NC 27510
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,873 Ft²
$3,692
Est. Monthly
3.04%
Cap Rate

About This Property

Cool Carrboro- wonderful location! Walk to school, trails and town and easy drive to Chapel Hill, Hillsborough, Durham and the Burlington areas. Enduring brick ranch on a gorgeous almost half acre lot. This well-maintained beauty has plenty of living and dining space with hardwood floors throughout. The spacious eat-in kitchen has stainless appliances, a breakfast bar and leads out to a fenced, peaceful, colorful flower garden. Family room with fireplace and built-ins that connects to a large, private trellis deck perfect for quiet time or entertaining. Rocking chair front porch and lots of yard with open space, rain garden and trees to enjoy. Encapsulated crawlspace and wired for Google Fiber. Gas lines in place for outdoor grill or to convert fireplace. Exterior trim is the same color formula as the Carolina Inn. Move-in or modernize - they don't build them like this anymore!
Unit Size
1,873 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$346
Property Type
House
Property Taxes
$510
HOA Dues
-
Year Built
1972

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Cap Rate Calculator

Last updated: 2 years ago (TMLS #10095454)

Price History

Date / Event Date Event Price
Jun 23, 2025 Sold
Sold
May 24, 2025 In contract -
In contract
May 12, 2025 In contract -
In contract
May 9, 2025 Listed by Ride Realty, LLC $648,000
Listed by Ride Realty, LLC

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1990
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 12
  • Building Style: 15
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,473
  • Lot Size Depth Feet: 1,790
  • Lot Size Frontage Feet: 1,150
  • Total Building Area: 1,748
  • Gross Building Area: 4,206
  • Building Area: 1,748
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,748
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: R S LLOYD
  • Land Acres: 0000000470
  • Standard Land Use Code: 1001
  • County Land Use Code: 1001
  • Legal Description 1: 56 S2 R S LLOYD P16/90

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: 4319/525
  • District: 7
  • Parcel: 9779-11-5221
  • Municipality: CHAPEL HILL
  • Latitude: 35.924
  • Longitude: -79.0959

    Address

  • Full Address: 308 Rainbow Dr
  • Address - House Number: 308
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Dr
  • State: NC
  • City Name: Carrboro
  • Carrier Code: C006
  • 4-Digit Zip Code: 1132
  • Zip Code: 27510

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $601,144
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: CHSC,ORAG,

    Appraisal Valuation

  • Standard Deviation: 0.1895
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 74
  • Final Value: 574,486
  • High Value: 683,364
  • Low Value: 465,608

    Market Valuation

  • Market Total Value: $352,900
  • Market Land Value: $170,000
  • Market Improvement Value: $182,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $352,900
  • Assessed Land Value: $170,000
  • Assessed Improvements Value: $182,900
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 Plantation Acres


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 103 Center Street, Carrboro, NC, 27510

$2,178 /mo

  • 1 Bed
  • 1 Bath
  • 525 ft²
103 Center Street, Carrboro, NC, 27510 Listing by Andrew Bennett


Frequently Asked Questions

When was property at 308 Rainbow Drive built and last sold?
The property at 308 Rainbow Drive was built in 1972 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 308 Rainbow Drive is $0.
What are some comparable homes to 308 Rainbow Drive?
There are currently no comparable homes to 308 Rainbow Drive.