656 Rainbow Falls Rd, Franklin, NC 28734
Property image
Property image
OFF MARKET

656 Rainbow Falls Rd
Franklin, NC 28734

  • 3 Beds
  • 3 Baths
  • 2,516 sqft (on 3.01 acres)

$526,700

Trulia Estimate
as of Jul 6, 2026
Est. Refi. Payment $2,905/mo*

$526,700

Trulia Estimate
as of Jul 6, 2026
Est. Refi. Payment $2,905/mo*
3 Beds
3 Baths
2,516 sqft
(on 3.01 acres)

Local Information

  • Map ViewExplore the area around 656 Rainbow Falls Rd.
  • Schools1 Preschool School2 Elementary Schools1 Middle School2 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Description

Beautiful Mountain Paradise at 3800 elevation. Live here year round or visit your home-away-from-home & enjoy all the Western North Carolina seasons!! Great access in a gated community. Wrap around deck is perfect to entertain and relax while taking in the views, fresh mountain air & watching wildlife. Some level land for a garden or even to build a garage. This home offers great privacy & plenty of space to invite your friends & family!! Enter into a mud/laundry room that opens to the kitchen for ease with groceries; there is also a formal entry for your guests. Main level open-concept living area w/the Kitchen, Dining Room and Living Room. Beautiful vaulted ceilings & wall of windows that offers great natural lighting. Stacked rock gas fireplace & Bamboo flooring. Main level living w/ Master bedroom/en-suite off the living room. Upstairs bedroom w/ en-suite bath includes a claw foot tub plus addt'l living space for another bed or an office/craft room. Downstairs is complete w/the 3rd bedroom, a game room & your very own movie theater, plus full bathroom. No short term rentals. BEST OFFER IN BY MONDAY 5/24 at 12PM
656 Rainbow Falls Rd, Franklin, NC 28734 is a 3 bedroom, 3 bathroom, 2,516 sqft single-family home built in 2003. It last sold for $335,000 on Jun 10, 2021. It is currently off market. The Trulia Estimate is $526,700, with a rent estimate of $2,249/month.

Home Highlights

Parking
No Info
Outdoor
Patio, Deck
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 656 Rainbow Falls Rd

Interior Features

Heating & Cooling
Heating: Baseboard, Forced Air, Heat Pump, GasHeating Fuel: Baseboard
Levels, Entrance, & Accessibility
Stories: 1Floors: Tile, Hardwood
Interior Details
Number of Rooms: 6Types of Rooms: Walk In Closet, Dining Room
Appliances & Utilities
DryerMicrowaveRefrigerator
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: MetalDeckExterior: WoodFoundation Type: OtherPatio
Parking & Garage
Parking: Carport

Property Information

Year Built
Year Built: 2003
Property Type / Style
Property Type: Single Family HomeArchitecture: Conventional

Lot Information

Lot Area: 3.01 acres

Price History for 656 Rainbow Falls Rd

DatePriceEventSource
06/10/2021$335,000Sold
Carolina Smokies MLS #26019160
06/10/2021$299,000PendingRE/MAX International #26019160
05/24/2021$299,000ContingentCarolina Smokies MLS #26019160
05/19/2021$299,000PendingToActiveCarolina Smokies MLS #26019160
05/17/2021$299,000PendingRE/MAX International #26019160
04/16/2021$299,000ContingentCarolina Smokies MLS #26019160
04/12/2021$299,000Listed For SaleCarolina Smokies MLS #26019160
10/01/2017$299,000ListingRemovedAgent Provided
01/26/2017$299,000Listed For SaleAgent Provided
07/05/2016$329,900ListingRemovedAgent Provided
07/16/2014$329,900PriceChange
Agent Provided
07/04/2013$399,000Listed For SaleAgent Provided

Market trends in Franklin

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$303K
$8.67K
MoM
Sale-to-List Price
96.9%
0.2%
MoM
Price per sq ft
$162
$0
MoM
Available listings
273
34
MoM
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Property Tax and Assessment

Year2025
Tax$1,631
Assessment$474,180
Home facts updated by county records

Comparable Sales for 656 Rainbow Falls Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.61
Single-Family Home
$580,000
02/06/26
3
3
-
3.19
Single-Family Home
$780,000
04/09/26
2
2
1,904
3.24
Single-Family Home
$780,000
04/10/26
2
2
2,165
3.69
Single-Family Home
$950,000
08/15/25
3
4
4,395
4.04
Single-Family Home
$528,000
05/05/26
2
2
1,181
3.75
Unknown
$705,000
02/26/26
-
-
3.81
Single-Family Home
$599,000
09/04/25
3
4
-
4.03
Single-Family Home
$528,000
05/05/26
2
2
-
4.21
Single-Family Home
$628,000
03/27/26
2
2.5
-
4.07
Single-Family Home
$500,000
05/15/26
2
2
-

Nearby homes

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Assigned Schools

These are the assigned schools for 656 Rainbow Falls Rd.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Franklin

At least 107 Trulia users voted on each feature.
  • 91 % Say car is needed

  • 86 % Say parking is easy

  • 84 % Say yards are well-kept

  • 79 % 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

  • 33 % 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"
  • 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. "
  • Cromwell.nancy
    "I live only 7 minutes from my workplace. Very easy commute as Franklin doesn’t have much of a traffic problem. "
  • Hcbaby9012
    "Great place and good people. Have been here for over half my life and will raise my kids here. The views are amazing."
  • 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. "
  • 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 "
  • Dianna L. C. C.
    "Wonderful quite beautiful place love the Mountain View. My neighbors are wonderful people not far from shopping centers."
  • 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."
  • 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. "
  • Erika.diaz5689
    "It’s very nice Community, everything is close. The people are helpful and respectfully. The mountains are beautiful "
  • 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"
  • 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."
  • 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. "
  • 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. "
  • 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."
  • Mgy.simon
    "I LOVE IT IN Franklin, if you are a Veteran this place is for you... plenty of things to do in Franklin"
  • Tina Ballant
    "Small town with wonderful people. Surrounded by mountains and rivers, lots of outdoor stuff to do like hiking, rafting and camping."
  • Kala
    "downtown events and the small friendly community of people we live around. halloween on Bidwell, Christmas displays downtown. fall festivals, and so on."
  • Serenityseeking
    "Nice friendly area, safe, great neighborhood. Beautiful area and inexpensive cost of living. Good for retirees."
  • Serenityseeking
    "no crime, sleepy neighborhood, animal friendly, pretty flowers and trees, church close, singing in the square down town, help if you need it. "
  • Trraby12
    "great place to live. i have lived here all my life. i wouldn't want to live anywhere else. "
  • 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."
  • Betsy K.
    "This area of Franklin, NC is absolutely perfect to live in the beautiful mountains!"

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