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304 Rainbow Way; Durham, NC Property Details

304 Rainbow Way, Durham, NC is a Single Family that was built in 1940. This property is currently Financed and is not for sale. Our records show that 304 Rainbow Way has 3 bedrooms, and 2 bathrooms, and a total of 3,093 square feet. The lot size of 304 Rainbow Way is 24,394 square feet.

Off market
304 Rainbow Way Durham, NC 27707
$645,405 Estimated Value
3 Beds
2 Baths
3,093 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 1940
  • Purchase Price: $81,000
  • Open Loans: 2
  • Gross Yield: 6.66%
  • APN: 107674
  • Situs County: Durham
  • Length Of Ownership: 23 years, 6 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 4

Structure

  • Building Style: Wood
  • Stories: 1.25
  • Exterior Wall Type: Wood Siding
  • Roof Cover Type: Asphalt
  • Sewer Type: Municipal
  • Water Source: Yes

Measurements

  • Total: 3,093/SqFt
  • Lot: 24,394/SqFt
  • Living: 3,093/SqFt
  • Building: 3,093/SqFt
  • Ground: 834/SqFt
  • Price Per Square Foot: $26.19

Legal Description

  • Description: PROP-ANDREW D IMLAY PL:000157-000265
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Durham Public Schools
  • Lat / Lon: 35.97652 / -78.92502
  • Subdivision: Rockwood
  • Property Class: Residential
  • Zoning: RU-5(2)
  • County Use Code: 111

Amenities

  • Plus Four: 2106
  • Bathroom Fixtures: 5
  • Cooling: Yes
  • Heating: None

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

304 Rainbow Way has no associated ownership info
304 Rainbow Way has no associated ownership info.

Taxes

304 Rainbow Way has 10 associated Taxes items

304 Rainbow Way, Durham, NC pays taxes in Durham County, NC. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $645,405. The APN we've located for 304 Rainbow Way is 107674.

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Taxes
  • Assessed Value:  $645,405
  • Assessed Year:  2025
  • Assessed County:  Durham
  • APN:  107674
  • Assessed Land Value:  366600
  • Market Land Value:  366600
  • Tax Amount:  6397.9
  • Tax Year:  2025
  • Market Value:  645405
  • Market Year:  2025

Tax History

304 Rainbow Way has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $645,405 Land Value $366,600 Improvement Value $278,805 Tax Amount $6,397.9 Change Rate +0.095171% Assessed CR Tax Rate +0.009913%
Year 2024 Assessed Value $418,806 Land Value $62,320 Improvement Value $356,486 Tax Amount $5,841.92 Change Rate +0.06489% Assessed CR Tax Rate +0.013949%
Year 2023 Assessed Value $418,806 Land Value $62,320 Improvement Value $356,486 Tax Amount $5,485.94 Change Rate +0.023441% Assessed CR Tax Rate +0.013099%
Year 2022 Assessed Value $418,806 Land Value $62,320 Improvement Value $356,486 Tax Amount $5,360.29 Change Rate +0.00471% Assessed CR Tax Rate +0.012799%
Year 2021 Assessed Value $418,806 Land Value $62,320 Improvement Value $356,486 Tax Amount $5,335.16 Change Rate -0.081665% Assessed CR Tax Rate +0.012739%
Year 2020 Assessed Value $467,047 Land Value $62,320 Improvement Value $404,727 Tax Amount $5,809.6 Change Rate Assessed CR Tax Rate +0.012439%
Year 2019 Assessed Value $467,047 Land Value $62,320 Improvement Value $404,727 Tax Amount $5,809.6 Change Rate +0.583015% Assessed CR Tax Rate +0.012439%
Year 2018 Assessed Value $270,546 Land Value $58,575 Improvement Value $211,971 Tax Amount $3,669.96 Change Rate +0.007428% Assessed CR Tax Rate +0.013565%
Year 2017 Assessed Value $270,546 Land Value $58,575 Improvement Value $211,971 Tax Amount $3,642.9 Change Rate +0.034894% Assessed CR Tax Rate +0.013465%
Year 2016 Assessed Value $353,368 Land Value $58,575 Improvement Value $294,793 Tax Amount $3,520.07 Change Rate +1.796214% Assessed CR Tax Rate +0.009961%
Year 2015 Assessed Value $90,939 Land Value $25,781 Improvement Value $65,158 Tax Amount $1,258.87 Change Rate Assessed CR Tax Rate +0.013843%
Year 2014 Assessed Value $90,939 Land Value $25,781 Improvement Value $65,158 Tax Amount $1,258.87 Change Rate Assessed CR Tax Rate +0.013843%