Welcome home to this beautifully renovated 2-bedroom, 1-bath home situated on 2.5 acres of land! This property has undergone an extensive renovation, offering peace of mind and modern updates throughout. Improvements include new flooring, drywall, updated electrical, siding, windows, crawlspace supports, and gutters! Enjoy relaxing mornings on the brand-new screened-in porch or entertaining family and friends on the new back deck. The septic system was pumped approximately two years ago. Looking for even more room to spread out? The seller is willing to sell additional acreage, with up to 5.09 acres total available! Whether you’re looking for a peaceful country retreat, room to grow, or a place to call your own, this property offers endless possibilities. Don’t miss this opportunity! Schedule your private showing today!
Pending
$225,000
197 Rainbow Dr, Gaffney, SC 29340
2beds
1,280sqft
Single Family Residence
Built in 1998
2.5 Acres Lot
$223,200 Zestimate®
$176/sqft
$-- HOA
What's special
New back deckUpdated electricalNew flooringBrand-new screened-in porch
- 6 days
- 345
- 35
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Mia S Nelson 864-347-9841,
Belle Realty and Associates
Source: SAR as distributed by MLS GRID,MLS#: 343118
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Has fireplace: No
Interior area
- Total interior livable area: 1,280 sqft
- Finished area above ground: 1,280
- Finished area below ground: 0
Property
Parking
- Parking features: None
Features
- Levels: One
- Stories: 1
Lot
- Size: 2.5 Acres
Details
- Parcel number: 1170000001028
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1998
Community & HOA
Community
- Subdivision: Other
HOA
- Has HOA: No
Location
- Region: Gaffney
Financial & listing details
- Price per square foot: $176/sqft
- Tax assessed value: $83,300
- Annual tax amount: $449
- Date on market: 10/25/2026
Estimated market value
$223,200
$212,000 - $234,000
$1,064/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/27/2026 | Pending sale | $225,000$176/sqft |
Source:  SAR as distributed by MLS GRID #343118 Report a problem | ||
| 10/25/2026 | Listed for sale | $225,000+118.4%$176/sqft |
Source: SAR as distributed by MLS GRID #343118 Report a problem | ||
| 4/1/2026 | Sold | $103,000+24.1%$80/sqft |
Source: Public Record Report a problem | ||
| 4/22/2022 | Sold | $83,000+5.4%$65/sqft |
Source: SAR as distributed by MLS GRID #288424 Report a problem | ||
| 3/15/2022 | Listed for sale | $78,750+7.4%$62/sqft |
Source: Cherokee County BOR #30609 Report a problem | ||
| 2/1/2021 | Sold | $73,350$57/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $386 +1.3% | $3,340 |
| 2023 | $381 -74.4% | $3,340 -33.2% |
| 2022 | $1,490 | $5,000 +7.8% |
| 2021 | -- | $4,640 +49.7% |
| 2020 | -- | $3,100 |
| 2019 | -- | $3,100 |
| 2018 | -- | $3,100 +6.5% |
| 2017 | $106 | $2,910 |
| 2016 | $106 | $2,910 |
| 2015 | $106 | $2,910 |
| 2014 | $106 | $2,910 |
| 2013 | $106 | $2,910 -8.5% |
| 2011 | -- | $3,180 |
| 2010 | -- | $3,180 |
| 2009 | -- | $3,180 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 29340
Nearby schools
Schools provided by the listing agent
- Elementary: 11-Luther Vaughan Elementary
- High: 11-Gaffney High
Source: SAR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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