Nestled on a picturesque 0.88-acre lot shaded by majestic mature oak trees, this charming and well-maintained 3-bedroom, 2-bath mid-century ranch has HUGE potential with a 1800+ sq ft unfinished basement. The property boasts exceptionally fertile soil and abundant year-round sunshine, creating an ideal setting for gardening enthusiasts. The previous owner cultivated a highly productive garden, and the expansive sunny acreage provides ample opportunity to continue that tradition while enjoying seasonal harvests from the established trees (pecan and fig).
A standout feature of the home is the enormous unfinished basement, offering incredible potential for customization and expansion. Already equipped with a functional double sink and a plumbed full bathroom, the basement mirrors the home's main-level footprint and is well-suited for conversion into a private guest suite, workshop, or income-producing rental. With its own private exterior entrance and natural light streaming through multiple above-grade windows along the west side of the home, this versatile space is ideal for multi-generational living, hobbyists, or future investment opportunities.
In addition to the main living room, this home features a second living area (not pictured) adjacent to the kitchen (currently labeled as the "dining room" in the measurements). The space used for formal dining is located between the living room and kitchen, just above the basement entrance. New roof and gutters 2024, new gas water heater 2026.
Under contract-show
$311,000
4646 Rainbow Dr, Kannapolis, NC 28081
3beds
1,782sqft
Single Family Residence
Built in 1962
0.88 Acres Lot
$302,800 Zestimate®
$175/sqft
$-- HOA
What's special
Fertile soilAbundant year-round sunshine
- 31 days |
- 1,309 |
- 92 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Barry Aldridge barry@barryaldridge.com,
Realty One Group Revolution
Source: Canopy MLS as distributed by MLS GRID,MLS#: 4394032
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bedrooms: 3
Primary bedroom
- Level: Main
- Area: 180 Square Feet
- Dimensions: 12' 0" X 15' 0"
Bedroom s
- Level: Main
- Area: 145.93 Square Feet
- Dimensions: 12' 1" X 12' 1"
Bedroom s
- Level: Main
- Area: 134.23 Square Feet
- Dimensions: 10' 8" X 12' 7"
Bathroom full
- Level: Main
- Area: 93.46 Square Feet
- Dimensions: 12' 4" X 7' 7"
Bathroom full
- Level: Main
- Area: 52.52 Square Feet
- Dimensions: 8' 1" X 6' 6"
Dining area
- Level: Main
- Area: 238.58 Square Feet
- Dimensions: 12' 1" X 19' 9"
Kitchen
- Level: Main
- Area: 210.43 Square Feet
- Dimensions: 12' 1" X 17' 5"
Living room
- Level: Main
- Area: 427.51 Square Feet
- Dimensions: 14' 2" X 30' 2"
Heating
- Baseboard, Hot Water, Natural Gas, Radiant
Cooling
- Central Air
Appliances
- Included: Electric Cooktop, Electric Oven, Gas Water Heater, Wall Oven
- Laundry: Electric Dryer Hookup, In Basement, Washer Hookup
Features
- Flooring: Carpet, Linoleum, Tile
- Basement: Daylight,Exterior Entry,Walk-Out Access
- Fireplace features: Family Room, Wood Burning
Interior area
- Total structure area: 1,782
- Total interior livable area: 1,782 sqft
- Finished area above ground: 1,782
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Attached Garage, Garage Faces Rear, Keypad Entry, Garage on Main Level
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
Lot
- Size: 0.88 Acres
- Dimensions: 186' x 102' x 112' x 195' x 60' x 180'
- Features: Wooded
Details
- Additional structures: Shed(s)
- Parcel number: 56047221770000
- Zoning: LDR
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Brick Full
Condition
- New construction: No
- Year built: 1962
Utilities & green energy
- Sewer: Septic Installed
- Water: City, County Water
- Utilities for property: Electricity Connected
Community & HOA
Community
- Security: Security System
- Subdivision: Private Acres
Location
- Region: Kannapolis
Financial & listing details
- Price per square foot: $175/sqft
- Tax assessed value: $269,120
- Annual tax amount: $1,819
- Date on market: 6/18/2026
- Cumulative days on market: 25 days
- Listing terms: Cash,Conventional
- Electric utility on property: Yes
- Road surface type: Asphalt, Paved
Estimated market value
$302,800
$288,000 - $318,000
$2,101/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Listed for sale | $311,000$175/sqft |
Source:  Canopy MLS as distributed by MLS GRID #4394032 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,819 +100% | $269,120 |
| 2024 | $910 +23.8% | $269,120 +53.9% |
| 2023 | $735 +0.4% | $174,910 +0.4% |
| 2022 | $732 | $174,200 |
| 2021 | $732 +13.6% | $174,200 +13.6% |
| 2019 | $644 +9.3% | $153,350 |
| 2018 | $589 | $153,350 |
| 2017 | $589 | $153,350 +2.8% |
| 2016 | -- | $149,190 |
| 2015 | -- | $149,190 |
| 2014 | $546 | $149,190 |
| 2013 | -- | $149,190 |
| 2012 | -- | $149,190 -13.4% |
| 2011 | -- | $172,340 |
| 2010 | -- | $172,340 |
| 2009 | -- | $172,340 +1.7% |
| 2008 | -- | $169,540 +14% |
| 2007 | -- | $148,690 |
| 2006 | -- | $148,690 |
| 2005 | -- | $148,690 |
| 2004 | -- | $148,690 +16.5% |
| 2003 | -- | $127,580 |
| 2002 | -- | $127,580 |
| 2001 | -- | $127,580 |
| 2000 | -- | $127,580 |
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: 28081
Nearby schools
GreatSchools rating
- 5/10Fred L Wilson ElementaryGrades: K-5Distance: 0.6 mi
- 2/10Kannapolis MiddleGrades: 7-8Distance: 2.8 mi
- 2/10A. L. Brown High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Fred Wilson
- Middle: Kannapolis
- High: A.L. Brown
Source: Canopy MLS 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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