$234,000
- 2 Beds
- 2 Baths
- 975 sqft
601 Rainbow Dr, Kannapolis, NC 28081
Est. Refi. Payment $1,426/mo*
Refinance Your HomeCurrently Off Market - Sold Dec 15, 2017 for $130,000
Home Value
Trulia Estimate
$234KSince last month
$100 (0%)Since last year
Decreased$1K (-0.6%)Since last sale
Increased$104K (+80.3%)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 +112% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $234K |
| August 2026 | $234K |
| July 2026 | $235K |
| June 2026 | $235K |
| May 2026 | $234K |
| April 2026 | $235K |
| March 2026 | $234K |
| February 2026 | $233K |
| January 2026 | $230K |
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 |
|---|---|---|---|---|---|---|---|
0.61 | Townhouse | $399,900 | 10/06/25 | 3 | 2.5 | 1,861 | |
0.54 | Townhouse | $412,500 | 10/30/25 | 3 | 2.5 | 1,943 | |
0.53 | Townhouse | $385,000 | 12/30/25 | 3 | 2.5 | 1,868 | |
0.53 | Townhouse | $490,000 | 12/22/25 | 3 | 2.5 | 2,342 | |
0.76 | Townhouse | $286,655 | 10/22/25 | 3 | 2.5 | 1,567 | |
0.53 | Townhouse | $415,000 | 11/20/25 | 3 | 2.5 | 1,919 | |
0.55 | Townhouse | $410,000 | 01/23/26 | 3 | 2.5 | 1,929 | |
0.54 | Townhouse | $375,000 | 04/30/26 | 3 | 2.5 | 2,029 | |
0.82 | Townhouse | $295,000 | 04/06/26 | 3 | 2.5 | 1,576 | |
0.81 | Townhouse | $285,255 | 09/09/25 | 3 | 2.5 | 1,567 |
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 |
|---|---|---|---|---|---|---|
0.03 | $262,500 | 3 | 2 | 1,256 | For Sale | |
0.02 | $363,700 | 4 | 4 | 1,920 | Off Market | |
0.02 | $314,600 | 4 | 4 | 1,920 | Off Market | |
0.05 | $265,000 | 3 | 2 | 1,250 | Recently Sold | |
0.11 | $256,900 | 3 | 2 | 1,099 | Off Market | |
0.12 | $206,300 | 3 | 1 | 1,291 | Recently Sold | |
0.15 | $251,900 | 2 | 1 | 998 | Off Market | |
0.17 | $150,000 | 2 | 1 | 1,249 | Recently Sold | |
0.17 | $286,300 | 3 | 2 | 1,099 | Off Market | |
0.18 | $241,000 | 3 | 2 | 1,176 | Recently Sold | |
0.18 | $413,100 | 14 | 8 | - | Off Market | |
0.22 | $276,800 | 3 | 2 | 1,298 | Off Market |
Local Information
-- mins to
Home Highlights
Townhouse
Built in 1995
975 sqft
$240/sqft
About this House
This unit was just remodeled with new floors and fresh paint. Great location just a short distance from the new downtown Kannapolis re-development.
Tenant responsible for water, trash, electric, gas, and lawn.
Tenant responsible for water, trash, electric, gas, and lawn.
601 Rainbow Dr, Kannapolis, NC 28081 is a 2 bedroom, 2 bathroom, 975 sqft townhouse built in 1995. It last sold for $130,000 on Dec 15, 2017. More recently, it was listed as a rental in January 2020 with an asking price of $890 per month. That rental listing was removed on February 1, 2020. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $234,000, with a rent estimate of $1,432/month.
Home Details for 601 Rainbow Dr
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Heating & Cooling Heating: Forced Air, Electric, GasAir ConditioningHeating Fuel: Forced Air |
Levels, Entrance, & Accessibility Stories: 2Floors: Hardwood |
Appliances & Utilities DryerWasher |
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Exterior Home Features Roof: OtherDeckExterior: Vinyl, BrickFoundation Type: Footing |
Parking & Garage Parking Spaces: 3 |
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Year Built Year Built: 1995Year Updated: 1995 |
Property Type / Style Property Type: TownhouseArchitecture: Other |
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Units in Building: 1 |
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Lot Area: 10454 sqft |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Feb 1, 2020 Source: Agent Provided | ListingRemoved | $890 |
Jan 2, 2020 Source: Agent Provided | Listed For Rent | $890 |
Oct 29, 2019 Source: Agent Provided | ListingRemoved | $890 |
Sep 7, 2019 Source: Agent Provided | PriceChange | $890 Price decreased by 4% |
Sep 6, 2019 Source: Agent Provided | Listed For Rent | $925 |
Dec 15, 2017 Source: Canopy MLS as distributed by MLS GRID #3328309 | Sold | $130,000 |
Jan 26, 2016 Source: Agent Provided | ListingRemoved | $650 |
Dec 28, 2015 Source: Agent Provided | Listed For Rent | $650 |
May 9, 2015 Source: Agent Provided | ListingRemoved | $600 |
Apr 17, 2015 Source: Agent Provided | Listed For Rent | $600 |
Apr 8, 2014 Source: Agent Provided | ListingRemoved | $600 |
Nov 19, 2013 Source: Agent Provided | Listed For Rent | $600 |
Sep 23, 2013 Source: Canopy MLS as distributed by MLS GRID #2093285 | Sold | $85,000 |
Jan 10, 2013 Source: Agent Provided | PriceChange | $85,000 Price decreased by 4% |
Oct 19, 2012 Source: Agent Provided | PriceChange | $89,000 Price decreased by 6% |
Jun 27, 2012 Source: Agent Provided | Listed For Sale | $95,000 |
Jun 23, 2012 Source: Agent Provided | ListingRemoved | $550 |
May 24, 2012 Source: Agent Provided | Listed For Rent | $550 |
May 30, 2007 Source: N/A | Sold | $133,500 |
Feb 11, 2002 Source: N/A | Sold | $90,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $3,121 | $274,880 |
Home facts updated by county records
Market trends in Kannapolis
Last updated July 2026
Avg. sale price
$283K
$6KMoM
Sale-to-List Price
—
Price per sq ft
$189
$1MoM
Available listings
265
7MoM
Around this home
What Locals Say about Kannapolis
At least 312 Trulia users voted on each feature.
86 % Say car is needed
84 % Say yards are well-kept
83 % Say parking is easy
71 % Say there's holiday spirit
69 % Say it's dog friendly
67 % Say kids play outside
54 % Say it's quiet
50 % Say neighbors are friendly
46 % Say people would walk alone at night
43 % Say they plan to stay for at least 5 years
40 % Say there's wildlife
37 % Say streets are well-lit
33 % Say it's walkable to grocery stores
28 % Say there are sidewalks
25 % Say there are community events
24 % Say it's walkable to restaurants
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Frequently asked questions about 601 Rainbow Dr
- What is 601 Rainbow Dr estimated to be worth?Trulia's estimated value for 601 Rainbow Dr in Kannapolis, NC is $234,000.
- What is the price history for 601 Rainbow Dr?601 Rainbow Dr in Kannapolis, NC last sold for $130,000 in December 2017.
- Is Kannapolis a buyer's or seller's market?Kannapolis is currently a seller's market, based on recent for-sale activity.
- What's the median sale price in Kannapolis?The median sale price in Kannapolis is $283K. That is down $6K from the prior month.
- Does 601 Rainbow Dr have laundry facilities?Yes, 601 Rainbow Dr in Kannapolis, NC has in-unit laundry.
- Does 601 Rainbow Dr have parking?Yes, 601 Rainbow Dr in Kannapolis, NC has on-site parking.

