For sale

Price cut: $6K (6/9)

$159,900

708 1st Rainbow St, Lexington, NC 27295

2beds

850sqft

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Stick/Site Built, Residential, Single Family Residence

Built in 1912

0.18 Acres Lot

$158,100 Zestimate^®

$--/sqft

$-- HOA

What's special

Privacy fencingAwesome front porchLots of natural lightFresh paintNew bathroom fixturesNew windowsNew roof

Motivated seller! Renovated down to the studs, this totally reinvented home boasts new flooring, fresh paint, new bathroom fixtures, new Kitchen, new windows, lots of natural light, new roof and new Heat pump! Upon entry is a cozy room good for office, gaming or a private sitting area just for you! Enter into the next room to an open concept area suitable for dining or living room/kitchen. This adorable home is ready for viewing. There are a couple options for the living room. You can either use the open concept area or one of the other large roomy spaces for your living room, leaving the open concept area for additional seating and dining. Laundry area off the bathroom. Great price, great home. The driveway needs to be redone. Seller may help with acceptable offer. Yard will be easy to maintain. Awesome front porch. Privacy fencing will make it simply perfect! Friendly neighborhood with children bicycling in the streets. See it and open your mind to the possibilities. Make an offer.

129 days

370

45

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1

Living room

Level: Main

Heating

Heat Pump, Electric

Cooling

Heat Pump

Appliances

Included: Electric Water Heater

Features

Basement: Crawl Space
Has fireplace: No

Interior area

Total structure area: 850
Total interior livable area: 850 sqft
Finished area above ground: 850

Property

Parking

Parking features: Driveway
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Pool features: None

Lot

Size: 0.18 Acres
Dimensions: 91 x 67 x 72 x 107

Details

Parcel number: 1100700010048
Zoning: TN
Special conditions: Owner Sale

Construction

Type & style

Home type: SingleFamily
Property subtype: Stick/Site Built, Residential, Single Family Residence

Materials

Vinyl Siding

Condition

Year built: 1912

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Erlanger Mills

HOA

Has HOA: No

Location

Region: Lexington

Financial & listing details

Tax assessed value: $69,000
Annual tax amount: $903
Date on market: 3/3/2026
Cumulative days on market: 129 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,FHA,VA Loan

Estimated market value

$158,100

$150,000 - $166,000

$1,111/mo

Price history

Date	Event	Price
6/9/2026	Price change	$159,900-3.6%
Source: Triad MLS #1210974 Report a problem
5/11/2026	Price change	$165,900-1.8%
Source: Triad MLS #1210974 Report a problem
5/4/2026	Price change	$168,900-0.6%
Source: Triad MLS #1210974 Report a problem
4/22/2026	Price change	$169,900-0.1%
Source: Triad MLS #1210974 Report a problem
3/31/2026	Price change	$170,000-2.9%
Source: Triad MLS #1210974 Report a problem
3/19/2026	Price change	$175,000-2.8%
Source: Triad MLS #1210974 Report a problem
3/3/2026	Listed for sale	$180,000
Source: Triad MLS #1210974 Report a problem
11/30/2025	Listing removed	$180,000
Source: Triad MLS #1174695 Report a problem
7/17/2025	Price change	$180,000-13.9%
Source: Triad MLS #1174695 Report a problem
5/9/2025	Price change	$209,000-4.6%
Source: Triad MLS #1174695 Report a problem
3/25/2025	Listed for sale	$219,000+3028.6%
Source: Triad MLS #1174695 Report a problem
5/21/2021	Sold	$7,000-48.1%$8/sqft
Source: Public Record Report a problem
1/30/2015	Sold	$13,500$16/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$906 +151%	$69,170 +151%
2024	$361	$27,560
2023	$361	$27,560
2022	$361	$27,560
2021	$361 +13%	$27,560 +13%
2020	$320	$24,390
2019	--	$24,390
2018	$315	$24,390
2017	$315	$24,390
2016	$315	$24,390
2015	$315 -11.4%	$24,390 -13.4%
2014	$355	$28,180
2013	--	$28,180
2012	--	$28,180
2011	--	$28,180
2010	--	--
2009	--	--
2008	--	--
2007	--	--
2006	--	--
2005	--	--
2004	--	--
2003	--	--
2002	--	--
2001	--	--
2000	--	--
1999	--	--

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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