511 Rainbow Falls Rd, Franklin, NC 28734
OFF MARKET

$559,200

Trulia Estimate
  • 4 Beds
  • 4 Baths
  • 2,415 sqft (on 4.78 acres)

511 Rainbow Falls Rd, Franklin, NC 28734

Est. Refi. Payment $3,144/mo*
Refinance Your Home
Currently Off Market - Sold Feb 18, 2014 for $218,000

Home Value

Trulia Estimate
$559K
Since last month
Increased$5K (+0.9%)
Since last year
Increased$20K (+3.6%)
Since last sale
Increased$345K (+158.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +128% in the last 10 years
MonthEstimated value
2026
August 2026$563K
August 2026$559K
July 2026$558K
June 2026$553K
May 2026$550K
April 2026$534K
March 2026$529K
February 2026$518K
January 2026$510K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
610 Highlander Loop Ln, Franklin, NC
0.13
Single-Family Home
$705,000
07/22/26
3
3
-
476 Old Buck Ln, Franklin, NC
0.45
Single-Family Home
$580,000
02/06/26
3
3
-
4662 Rainbow Springs Rd, Franklin, NC
3.07
Single-Family Home
$780,000
04/09/26
2
2
1,904
4662 Rainbow Springs Rd, Franklin, NC
3.12
Single-Family Home
$780,000
04/10/26
2
2
2,165
2349 Buck Creek Rd, Hayesville, NC
2.75
Single-Family Home
$72,000
07/08/26
2
2.5
960
773 Tate Cove Rd, Franklin, NC
3.91
Single-Family Home
$528,000
05/05/26
2
2
1,181
5575 Rainbow Springs Rd, Franklin, NC
3.65
Single-Family Home
$705,000
02/26/26
3
2
-
3441 Allison Watts Rd, Franklin, NC
4.07
Single-Family Home
$275,000
07/16/26
2
2
-
773 Tate Cove Rd, Hayesville, NC
3.89
Single-Family Home
$528,000
05/05/26
2
2
-
1533 Tate Cove Road, Hayesville, NC
4.11
Single-Family Home
$420,000
10/31/25
2
1
900

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
610 Highlander Loop Ln, Franklin, NC 28734
0.13
$705,000
3
3
-
Recently Sold
Lot 8 Rainbow Falls Rd, Franklin, NC 28734
0.11
-
-
-
-
Off Market
Highlander Loop Ln, Franklin, NC 28734
0.19
-
-
-
-
Off Market
8 Rainbow Falls Rd, Franklin, NC 28734
0.16
-
-
-
-
Off Market
8 Rainbow Falls Road LOT 8, Franklin, NC 28734
0.21
-
-
-
-
Off Market
Black Creek Dr, Franklin, NC 28734
0.33
-
-
-
-
Off Market
Rainbow Falls Rd, Franklin, NC 28734
0.35
-
-
-
-
Off Market
87 Rainbow Ridge Rd, Franklin, NC 28734
0.37
$79,000
-
-
-
For Sale
Lot 2 Rainbow Falls Rd, Franklin, NC 28734
0.38
$77,777
-
-
-
Recently Sold
224 Hemlock Gap Ln, Franklin, NC 28734
0.43
-
-
-
-
Off Market
476 Old Buck Ln, Franklin, NC 28734
0.45
$580,000
3
3
-
Recently Sold
lot 3 Black Gap Road, Franklin, NC 28734
0.61
$48,750
-
-
-
Recently Sold

Local Information

  • Map ViewExplore the area around 511 Rainbow Falls Rd.
  • Schools1 Preschool School2 Elementary Schools1 Middle School2 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1997
4.78 acre lot
2,415 sqft
$232/sqft
Garage

About this House

Certified Appraisal done 9/03/2020 this home appraised for $415,000.This home sits in a gated community with 4.78 acres forrest land with 2 active springs. All homes sit on at least 3 acres and every home is custom built. Sitting at 4000 ft. level for very pleasant summer temps. This home has 4 bedrooms with 4 bathrooms a fireplace in the living room along with a soapstone wood burning stove and a fireplace in the master bedroom. Oak floors Anderson heavy duty windows, all Cedar siding a private deck for 3 of the bedrooms. Zoned heating and cooling with WiFi thermostat control, double garage with WiFi control garage door openers. Large outside wood deck with Smoke Shack and wood storage also has 2 Stainless steel prep tables. Copper colored metal roof with matching rain gutters and down spouts. Beautiful mountain views from the main deck.
511 Rainbow Falls Rd, Franklin, NC 28734 is a 4 bedroom, 4 bathroom, 2,415 sqft single-family home built in 1997. It last sold for $218,000 on Feb 18, 2014. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $559,200, with a rent estimate of $3,107/month.

Home Details for 511 Rainbow Falls Rd

Interior Features

Interior Details
BasementNumber of Rooms: 12Types of Rooms: Walk In Closet, Dining Room, Family Room, Laundry Room, Master Bath, Office, PantryCeiling Fan
Heating & Cooling
Heating: Heat Pump, Stove, Electric, Wood PelletAir ConditioningCooling System: CentralHeating Fuel: Heat Pump
Levels, Entrance, & Accessibility
Stories: 1.5Floors: Hardwood, Linoleum VinylGated Entry
Appliances & Utilities
Cable ReadyDishwasherDisposalDryerMicrowaveRefrigeratorWasher
Fireplace & Spa
Fireplace
Windows, Doors, Floors & Walls
Double Paned Windows
Security
Security System

Exterior Features

Exterior Home Features
Roof: MetalDeckExterior: WoodLawnPatioPorch
Parking & Garage
GarageParking Spaces: 4Parking: Garage Attached, Off Street

Property Information

Year Built
Year Built: 1997
Property Type / Style
Property Type: Single Family HomeArchitecture: Conventional

Lot Information

Lot Area: 4.78 acres

Mobile R/V

RV Parking
Rv Parking

Price and Tax history

DateEventPrice
Feb 18, 2014
Source: Carolina Smokies MLS #52086
Sold
$218,000

Market trends in Franklin

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$280K
$7KMoM
Sale-to-List Price
97.0%
0.2%MoM
Price per sq ft
$182
$8MoM
Available listings
311
22MoM

Around this home

What Locals Say about Franklin

At least 108 Trulia users voted on each feature.

  • 91 % Say car is needed

  • 86 % Say parking is easy

  • 84 % Say yards are well-kept

  • 78 % Say there's holiday spirit

  • 78 % Say it's quiet

  • 74 % Say there's wildlife

  • 72 % Say they plan to stay for at least 5 years

  • 67 % Say it's dog friendly

  • 62 % Say people would walk alone at night

  • 59 % Say neighbors are friendly

  • 51 % Say kids play outside

  • 32 % Say there are community events

  • 31 % Say streets are well-lit

  • 23 % Say it's walkable to grocery stores

  • 18 % Say there are sidewalks

  • 17 % Say it's walkable to restaurants

Sourced by Trulia users. Learn more about our methodology.
  • Hollykay568
    "I love Franklin Nc, the mountains, the people, the way of life. Kids are still kids here and church values mater"
    2
    Flag
  • Cromwell.nancy
    "Very quiet neighborhood close to town. Neighbors are very friendly and helpful. You can socialize as little or as much as you want to without pressure. "
    0
    Flag
  • Cromwell.nancy
    "I live only 7 minutes from my workplace. Very easy commute as Franklin doesn’t have much of a traffic problem. "
    0
    Flag
  • Hcbaby9012
    "Great place and good people. Have been here for over half my life and will raise my kids here. The views are amazing."
    1
    Flag
  • Jennifer
    "Most events held in Franklin NC are old-fashioned and geared towards the elderly age group. Up to date technology is not widely used and internet is rarely available here. There is very little to do in Franklin for the 18 - 45 year old age range, unless you like to hike. Easy trip to make a Asheville though for fun. "
    0
    Flag
  • Tisha G.
    "it's a good quit neighborhood a very good place to raise kids or grandkids and we have alot of beautiful scenery and mountian views "
    0
    Flag
  • Dianna L. C. C.
    "Wonderful quite beautiful place love the Mountain View. My neighbors are wonderful people not far from shopping centers."
    2
    Flag
  • Nicole
    "You would need to have your own vehicle or use Macon Transit to get around town. If you live in the boonies, you will def need a vehicle in order to get around town. If you live in the heart of town, you can walk to different destinations."
    0
    Flag
  • Ben K.
    "Great little small town, nestled right in the middle of the mountains! Friendly people all around. Lots of people from Florida move in for the summer months. "
    8
    Flag
  • Erika.diaz5689
    "It’s very nice Community, everything is close. The people are helpful and respectfully. The mountains are beautiful "
    5
    Flag
  • Tisha G.
    "there are a lot of dogs around and the kids love playing with them and they are alit of animal lovers around here also"
    0
    Flag
  • Tisha G.
    "its Really quite and a good place to raise children. I love the scenery and the schools are great. I would recommend Franklin for anybody to live and raise a family."
    0
    Flag
  • Linda J
    "I live 7 mi out in the country. The downtown area is safe and many people are out walking. There is a grocery store in the downtown area. "
    0
    Flag
  • Coweecabin
    "My house is in the country and I have fenced yard for the pets safety. Haven’t heard any coyotes. The neighborhood is well kept as are the roads and we have friendly neighbors. Nice area to walk your dog. "
    0
    Flag
  • CherylM
    "This is a neighborhood that takes you back in time. We care about each other. It is a safe place to live. Peaceful, beautiful and close to all that Franklin has to offer."
    0
    Flag
  • Mgy.simon
    "I LOVE IT IN Franklin, if you are a Veteran this place is for you... plenty of things to do in Franklin"
    14
    Flag
  • Tina Ballant
    "Small town with wonderful people. Surrounded by mountains and rivers, lots of outdoor stuff to do like hiking, rafting and camping."
    14
    Flag
  • Kala
    "downtown events and the small friendly community of people we live around. halloween on Bidwell, Christmas displays downtown. fall festivals, and so on."
    0
    Flag
  • Serenityseeking
    "Nice friendly area, safe, great neighborhood. Beautiful area and inexpensive cost of living. Good for retirees."
    6
    Flag
  • Serenityseeking
    "no crime, sleepy neighborhood, animal friendly, pretty flowers and trees, church close, singing in the square down town, help if you need it. "
    8
    Flag
  • Trraby12
    "great place to live. i have lived here all my life. i wouldn't want to live anywhere else. "
    16
    Flag
  • Sammi H.
    "My commute is a long beautiful windy mountain road, it is a very stress free 30 min drive. There are some nice restaurants in town along with shopping and an arcade. Once in town everything is close."
    0
    Flag
  • Betsy K.
    "This area of Franklin, NC is absolutely perfect to live in the beautiful mountains!"
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 511 Rainbow Falls Rd

  • What is 511 Rainbow Falls Rd estimated to be worth?
    Trulia's estimated value for 511 Rainbow Falls Rd in Franklin, NC is $559,200.
  • What is the price history for 511 Rainbow Falls Rd?
    511 Rainbow Falls Rd in Franklin, NC last sold for $218,000 in February 2014.
  • Is Franklin a buyer's or seller's market?
    Franklin is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Franklin?
    The median sale price in Franklin is $280K. That is down $7K from the prior month.
  • Does 511 Rainbow Falls Rd have air conditioning?
    Yes, 511 Rainbow Falls Rd in Franklin, NC has air conditioning.
  • Does 511 Rainbow Falls Rd have laundry facilities?
    Yes, 511 Rainbow Falls Rd in Franklin, NC has in-unit laundry.

Explore by feature - Garage

6 rentals with a garage in Franklin, NC

Explore by feature - Air Conditioning

24 rentals with air conditioning in Franklin, NC

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25 rentals with a washer/dryer in Franklin, NC

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Off Market Homes Near 511 Rainbow Falls Rd

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