1001 Rainbow Dr, Kannapolis, NC, 28081
About This Home
This charming Kannapolis bungalow offers the perfect blend of comfort, style, and convenience in an established area. Situated on a corner lot, this wonderful home welcomes you with attractive curb appeal, a covered front porch, and a bright open-concept interior filled with natural light, creating an inviting atmosphere that feels both cozy and spacious. The thoughtfully designed layout features an airy living area that opens seamlessly into the kitchen, making it ideal for everyday living and entertaining. The kitchen offers clean white cabinetry, generous prep space, and easy access to the backyard area. Both bedrooms are nicely sized, while the full bath adds character with stylish details and touches. Outside, the property provides low-maintenance living with ample driveway parking and outdoor space to enjoy morning coffee, weekend gatherings, or gardening. Whether you are a first-time homebuyer, downsizing, or looking for an investment opportunity, this move-in ready home delivers comfort, convenience, and a fantastic location!
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2010
Materials
- Foundation: Crawl Space
- Construction materials: Brick Partial,Vinyl
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Electric Range,Electric Water Heater,Microwave
- Laundry features: Laundry Closet,Main Level
Bathroom Full
- Level: Main
Bedroom S
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Features
- Open Floorplan
- Finished area below ground: 0
- Finished area above ground: 942
Heating & Cooling
- Heating features: Heat Pump
- Cooling features: Ceiling Fan(s),Central Air
Interior Area
- Total structure area: 942
- Total interior livable area: 942 sqft
Kitchen
- Level: Main
Laundry
- Level: Main
Living Room
- Level: Main
Primary Bedroom
- Level: Main
Property
Details
- Parcel number: 56131796490000
- Zoning: R8
- Special condition: Standard
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered,Front Porch
Lot
- Lot size: 0.19 Acres
- Features: Corner Lot
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Ice Storm
- Lightning
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Cabarrus County and North Carolina
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,213 | $14,556 |
| Home Insurance * | $98 | $1,176 |
| Property Taxes | $224 | $2,688 |
| Electricity | $200 | $2,405 |
| Total | $1,735 | $20,820 |
Income You'd Need if You Spent...
North Carolina FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-07 | Listed for sale | $250,000 |
| 2024-04-30 | Sold | $233,550 |
| 2024-04-02 | Listed for sale | $227,000 |
| 2024-03-26 | Pending sale | $227,000 |
| 2024-03-23 | Price change | $227,000 |
| 2024-03-13 | Listed for sale | $235,000 |
| 2018-11-30 | Sold | $110,000 |
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