Date
Details
Price
Change
Source
6/18/2026
Listed
$311,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$311,000 Just Listed
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Property Description
Nestled on a picturesque 0.88-acre lot shaded by majestic mature oak trees, this charming and well-maintained 3-bedroom, 2-bath mid-century ranch has HUGE potential with a 1800+ sq ft unfinished basement. The property boasts exceptionally fertile soil and abundant year-round sunshine, creating an ideal setting for gardening enthusiasts. The previous owner cultivated a highly productive garden, and the expansive sunny acreage provides ample opportunity to continue that tradition while enjoying seasonal harvests from the established trees (pecan and fig). A standout feature of the home is the enormous unfinished basement, offering incredible potential for customization and expansion. Already equipped with a functional double sink and a plumbed full bathroom, the basement mirrors the home's main-level footprint and is well-suited for conversion into a private guest suite, workshop, or income-producing rental. With its own private exterior entrance and natural light streaming through multiple above-grade windows along the west side of the home, this versatile space is ideal for multi-generational living, hobbyists, or future investment opportunities. In addition to the main living room, this home features a second living area (not pictured) adjacent to the kitchen (currently labeled as the "dining room" in the measurements). The space used for formal dining is located between the living room and kitchen, just above the basement entrance. New roof and gutters 2024, new gas water heater 2026. Septic is permitted for 3 bathrooms if buyer(s) were to finish out basement.
Full Property Details
Full Property Details for 4646 Rainbow Dr
General
- Price: $311,000
- Status: Active
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4394032
- Updated: 6/18/2026
- Added to Site: 4 day(s) ago
Interior
- Fireplace: Yes
- Fireplace(s): Family Room, Wood Burning, Family Room, Wood Burning
- Appliances: Electric Cooktop, Electric Oven, Gas Water Heater, Wall Oven
- Flooring: Carpet, Linoleum, Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
- Main - Full Baths: 2
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main & Up: 3
Other Rooms
- Laundry: Electric Dryer Hookup, In Basement, Washer Hookup
Parking
- Garage: Yes
- Garage Description: 535 Sq. Ft.
- Garage Spaces: 2
- Parking Features: Driveway, Attached Garage, Garage Faces Rear, Keypad Entry
Location
- County: Cabarrus
- Subdivision: Private Acres
- Driving Directions: Take I-85 N to George W Liles Pkwy in Concord. Take exit 54 from I-85 N Take Kannapolis Pkwy to Rainbow Dr via Mooresville Road (Hwy 3) Turn Right on Kenlough Dr Turn Left on Normandy Dr Park in driveway and use back door as main entrance 13 min (8.6 mi) 4646 Rainbow Dr Kannapolis, NC 28081
School Information
- Elementary School: Fred Wilson
- Middle School: Kannapolis
- High School: A.L. Brown
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Baseboard, Hot Water, Natural Gas, Radiant
Utilities
- Sewer: Septic Installed, Sewage Pump
- Water: City, County Water
- Utility Description: Electricity Connected, Natural Gas
Structural Information
- Architectural Style: Ranch
- Construction: Site Built
- Exterior Const.: Brick Full
- Basement: Yes
- Basement Desc.: Daylight, Exterior Entry, Walk-Out Access
- Roof: Architectural Shingle
- Main/1st Level: 1,782 Sq. Ft.
- Year Built: 1962
Lot Features
- Lot Dimensions: 186' x 102' x 112' x 195' x 60' x 180'
- Street/Road Desc.: Asphalt, Paved
- Lot Features: Wooded
- Rcmdd Zoning: LDR
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Property ID: 56047221770000
- Plat: 12
- Lot Number: 11448/73-74
Listed by Realty One Group Revolution
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Listing agent
— 4646 Rainbow Dr —
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Schools
Schools serving 4646 Rainbow Dr
School District:Kannapolis City Schools
| Name | Grades | Distance |
|---|---|---|
Fred L Wilson Elementary 1401 Pine Street, Kannapolis, NC 28081 | K-5 | 0.6 mi |
Kannapolis Middle 1000 Virginia Dare Street, Kannapolis, NC 28081 | 6-8 | 2.9 mi |
A. L. Brown High School 415 Martin Luther King Junior Avenue, Kannapolis, NC 28083 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4646 Rainbow Dr
Tax History
Tax History for 4646 Rainbow Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,819
100%
$269,120
—
2024
$910
24%
$269,120
54%
2023
$732
—
$174,910
—
2022
$732
—
$174,200
—
2021
$732
—
$174,200
—
2020
$732
16%
$174,200
14%
2018
$629
5%
$153,350
—
2017
$598
6%
$153,350
—
2016
$564
-12%
$153,350
—
2019
$644
18%
$153,350
3%
2015
$548
—
$149,190
—
2014
$546
—
$149,190
—
2013
$546
—
$149,190
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4646 Rainbow Dr
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4646 Rainbow Drive, Kannapolis, NC 28081 (MLS# 4394032) is a Single Family property with 3 bedrooms and 2 full bathrooms. 4646 Rainbow Drive is currently listed for $311,000 and was received on June 18, 2026. Want to learn more about 4646 Rainbow Drive? Do you have questions about finding other Single Family real estate for sale in Kannapolis? You can browse all Kannapolis real estate or contact a Coldwell Banker agent to request more information.