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550 Rainbow Rd; Advance, NC Property Details

550 Rainbow Rd, Advance, NC is a Single Family that was built in 1988. This property is currently Financed and is not for sale. Our records show that 550 Rainbow Rd has 3 bedrooms, and 2.5 bathrooms, and a total of 3,284 square feet. The lot size of 550 Rainbow Rd is 713,077 square feet.

Off market
550 Rainbow Rd Advance, NC 27006
$510,000 Listing Price
3 Beds
2.5 Baths
3,284 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1988
  • Purchase Price: $510,000
  • Open Loans / Balance: 1 / $387,597
  • Est. Equity / %: $541,403 / 58.28%
  • Gross Yield: 5.521%
  • APN: D60000001801
  • Situs County: Davie
  • Length Of Ownership: 8 years, 5 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2.5
  • Full Bathrooms: 2
  • Partial Bathrooms: 1

Structure

  • Floor Cover Type: Wood
  • Stories: 1.5
  • Exterior Wall Type: Siding (Alum/Vinyl)
  • Interior Wall Type: Gypsum Board (Drywall, Sheetrock, etc.)
  • Building Condition: Average
  • Building Quality: C
  • Roof Type: Gable
  • Porch Type: Open
  • Roof Cover Type: Asphalt
  • Deck: true

Measurements

  • Total: 3,284/SqFt
  • Lot: 713,077/SqFt
  • Gross: 4,152/SqFt
  • Garage: 460/SqFt
  • Living: 3,284/SqFt
  • Building: 3,284/SqFt
  • Ground: 1,864/SqFt
  • Garage Finished: 460/SqFt
  • Price Per Square Foot: $155.30

Legal Description

  • Description: 17 AC RAINBOW ROAD
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Davie County Schools
  • Lat / Lon: 35.994797 / -80.492744
  • Property Class: Residential
  • Zoning: R20
  • County Use Code: 01

Amenities

  • Heating Fuel Type: Electric
  • Plus Four: 6711
  • Cooling: Central
  • Fireplaces: 1
  • Garage: Garage
  • Heating: Heat Pump
  • Parking: 2

Ownership Info

550 Rainbow Rd has no associated ownership info
550 Rainbow Rd has no associated ownership info.

Taxes

550 Rainbow Rd has 9 associated Taxes items

550 Rainbow Rd, Advance, NC pays taxes in Davie County, NC. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $296,330. The APN we've located for 550 Rainbow Rd is D60000001801.

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Taxes
  • Assessed Value:  $296,330
  • Assessed Year:  2025
  • Assessed County:  Davie
  • APN:  D60000001801
  • Market Land Value:  243460
  • Tax Amount:  2040.53
  • Tax Year:  2025
  • Market Value:  503140
  • Market Year:  2025

Tax History

550 Rainbow Rd has 13 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $296,330 Land Value Improvement Value Tax Amount $2,040.53 Change Rate +0.153135% Assessed CR Tax Rate +0.006886%
Year 2024 Assessed Value $228,920 Land Value Improvement Value Tax Amount $1,769.55 Change Rate Assessed CR Tax Rate +0.00773%
Year 2023 Assessed Value $228,920 Land Value Improvement Value Tax Amount $1,769.55 Change Rate Assessed CR Tax Rate +0.00773%
Year 2022 Assessed Value $228,920 Land Value Improvement Value Tax Amount $1,769.55 Change Rate Assessed CR Tax Rate +0.00773%
Year 2021 Assessed Value $228,920 Land Value Improvement Value Tax Amount $1,769.55 Change Rate +0.108435% Assessed CR Tax Rate +0.00773%
Year 2020 Assessed Value $204,940 Land Value Improvement Value Tax Amount $1,596.44 Change Rate +0.001254% Assessed CR Tax Rate +0.00779%
Year 2019 Assessed Value $204,940 Land Value Improvement Value Tax Amount $1,594.44 Change Rate +0.000006% Assessed CR Tax Rate +0.00778%
Year 2018 Assessed Value $204,940 Land Value Improvement Value Tax Amount $1,594.43 Change Rate +0.013018% Assessed CR Tax Rate +0.00778%
Year 2017 Assessed Value $204,940 Land Value Improvement Value Tax Amount $1,573.94 Change Rate -0.022604% Assessed CR Tax Rate +0.00768%
Year 2016 Assessed Value $209,680 Land Value Improvement Value Tax Amount $1,610.34 Change Rate Assessed CR Tax Rate +0.00768%
Year 2015 Assessed Value $209,680 Land Value Improvement Value Tax Amount $1,610.34 Change Rate +0.163633% Assessed CR Tax Rate +0.00768%
Year 2014 Assessed Value $209,680 Land Value Improvement Value Tax Amount $1,383.89 Change Rate Assessed CR Tax Rate +0.0066%
Year 2013 Assessed Value $209,680 Land Value Improvement Value Tax Amount Change Rate Assessed CR Tax Rate