4646 Rainbow Drive

Kannapolis NC 28081

1782 sq. ft.

0.88 ac.

Single-Family

Last sold for $314,000

Barry Aldridge, last sold this property on 29 July 2026 after 40 days on market.

Overview

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.

Features

3 bedrooms

2 bathrooms

2 carspaces

2 garage spaces

1782 sq. ft. floor area

0.88 ac. lot size

Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Kannapolis over the last 12 months, the estimated median property value of 4646 Rainbow Drive is $314.9k.

Median value

$314.9k

Estimated value range

$108.15k - $674.8k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Kannapolis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.