Active
3 beds1,372 sqft

118 Rainbow Trail, Boone, NC 28607

Single FamilyProperty Type
0.78 acresLot Size
1962Year Built
$218/sq ftPrice per sq ft

Description

Affordable Boone living with investment potential! Located just outside the town limits of Boone, this brick ranch offers an affordable opportunity with a convenient location less than two minutes from New Market Center with easy access along a state maintained road. Whether you are looking for a starter home, a student rental near Appalachian State University, or comfortable one level living close to town, this property offers plenty of possibilities. Inside, you will find three bedrooms, two full...Affordable Boone living with investment potential! Located just outside the town limits of Boone, this brick ranch offers an affordable opportunity with a convenient location less than two minutes from New Market Center with easy access along a state maintained road. Whether you are looking for a starter home, a student rental near Appalachian State University, or comfortable one level living close to town, this property offers plenty of possibilities. Inside, you will find three bedrooms, two full bathrooms, a spacious living room, and a large open kitchen and dining area. The detached garage provides abundant storage, along with a bonus room that could serve as a home gym, art studio, workshop, or whatever best suits your needs. Outside, the large, sunny lot offers a usable backyard and patio space perfect for relaxing and enjoying beautiful mountain days. With no rental restrictions, convenient location, and versatile layout, this property presents an appealing opportunity to purchase in Boone at an affordable price. The home is being sold as is, and buyers should know that we have been made aware that some of the floor joists likely need replacement. This has been taken into consideration in the pricing, offering an opportunity for buyers ready to unlock the property's potential.
Days on Market Listed Today
  • Listed by: Bobbie Jo McCachren • Keller Williams High Country (828) 406-6067
  • Listed by: Ross McCachren • Keller Williams High Country
Last updated: 10/09/2026 11:59 AM • Source: High Country Association of REALTORS, MLS#: 264774
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Location

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$1,695 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,599

Property Taxes

$96

HOA Dues

$0

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Property Information for 118 Rainbow Trail

Property Details

  • Taxes: $1,155 / year
  • MLS Type: Residential / Single Family Residence
  • Architectural Style: Ranch
  • Parking Features: Carport, Detached, Garage
  • Subdivision Name: None
  • Zoning Description: None

Building Information

  • Stories: 1
  • Year Built: 1962
  • Lot Size: 0.78 AC / 33,976 SF

Summary

Location and General Information
  • Directions: Take Hwy 194 N. towards Todd from New Market Center. Turn left onto Rainbow Trail. The home is located at the corner of Hwy 194 and Rainbow Trail.
  • Road Surface Type: Paved
  • Postal Code: 28607
  • Road Responsibility: PublicMaintainedRoad
  • MLS Area Major: 1-Boone, Brushy Fork, New River
Taxes and HOA Information
  • Parcel Number: 2911530425000
  • Association: No
  • Tax Annual Amount: $1,155
  • Tax Book Number: 2480/261
School Information
  • Elementary School: Hardin Park
  • High School: Watauga
Parking
  • Attached Garage: No
  • Carport: Yes
  • Garage: Yes

Property

Lot Information
  • Above Grade Finished Area: 1372.0
  • Below Grade Finished Area: 0.0
  • Lot Size Acres: 0.78
  • Lot Size Area: 0.78
  • Lot Size Units: Acres
  • Living Area: 1372.0
Property and Assessments
  • Year Built: 1962
  • Documents Available: Disclosures, SellersPropertyDisclosure
  • Human Modified: Yes
Utilities
  • Sewer: SepticPermitUnavailable, SepticTank
  • Utilities: HighSpeedInternetAvailable, SepticAvailable
  • Water Source: Private, Well

Interior and Exterior Features

Exterior Features
  • Community Features: LongTermRentalAllowed, ShortTermRentalAllowed
  • Construction Materials: Brick, WoodFrame
  • Roof: Architectural, Shingle
Interior Features
  • Levels: One
  • Stories: 1
  • Stories Total: 1
  • Basement: CrawlSpace
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 3
  • Cooling: Yes
  • Cooling: CentralAir
  • Heating: Yes
  • Heating: ForcedAir, Propane
  • Fireplace: Yes
  • Fireplace Features: Masonry
  • Laundry Features: MainLevel
  • Appliances: Dryer, Dishwasher, ElectricRange, MicrowaveHoodFan, Microwave, Refrigerator, Washer

Property History for 118 Rainbow Trail

DateEvent & SourcePriceAppreciation
Oct 9, 2026

Listed (Active)

High Country Association of REALTORS #264774

$299,500—
Aug 11, 2020

Closed (Public Record)

Public Record #675866208

$260,000—
Aug 11, 2020

Closed

High Country Association of REALTORS #222979

$260,000—
DateEvent & SourcePrice
10/09/2026

Listed (Active)

High Country Association of REALTORS #264774

$299,500
08/11/2020

Closed (Public Record)

Public Record #675866208

$260,000
08/11/2020

Closed

High Country Association of REALTORS #222979

$260,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

118 Rainbow Trail

Beds

3

Baths

1

Total Finished SqFt

1,532 SqFt

Above Grade Finished SqFt

1,532 SqFt

Stories

1

Lot Size

33,977 SqFt

Schools near 118 Rainbow Trail

This home is within Watauga County School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - K to 8
Public - 9 to 12
Rating
School
Distance
Hardin Park Elementary
PublicPK to 8

Watauga High
Public9 to 12

Watauga Virtual Academy
PublicK to 8

Watauga Innovation Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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118 Rainbow Trail is a single family home for sale in Boone, NC 28607. This property was listed for sale on October 9, 2026 by Keller Williams High Country, it's currently listed at $299,500. It has been on the market for a total of 0 days and was last sold on August 11, 2020. This listing's school district is Watauga County School District. Nearby schools include Hardin Park Elementary, Watauga High and Watauga Virtual Academy. 118 Rainbow Trail is a 3-bed, 2-bath, 1,372 sqft single family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams High Country

Based on information from one of the following Multiple Listing Services: Canopy MLS,High Country Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Canopy MLS,High Country Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.