Sold
Last Sold Price
3 beds2,068 sqft

48 Rainbow Ridge Rd, Leicester, NC 28748

Single FamilyProperty Type
0.76 acresLot Size
1971Year Built
$143/sq ftPrice per sq ft
2 carsParking Spaces

Description

Location, Location, Location. Tremendous views from this very private but very convenient location just 12 miles from downtown Asheville. Only three other homes on this private paved road. Nice 3 bedroom 1 1/2 bath brick immaculate rancher.Location, Location, Location. Tremendous views from this very private but very convenient location just 12 miles from downtown Asheville. Only three other homes on this private paved road. Nice 3 bedroom 1 1/2 bath brick immaculate rancher.
  • Listed by: • Asheville Realty Group nathan@ashevillerealtygroup.com
  • Listed by: • Asheville Realty Group
Listing closed: 04/22/2020 12:00 AM • Source: CANOPY, MLS#: 3598807
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Recent comparable sales

Median sold price

$305,000

Avg days on market

45

Sale-to-list ratio

90.7%

Leicester, NC

9 comparable properties found

$315,000 | 24 King Drive, Leicester, NC 28748
1/25
1

$315,000

Sold 10/29/24

3
Bedrooms
1,910
Square Feet
0.51
Acres
a view of a yard
1/45
2

$275,000

Sold 04/01/25

3
Bedrooms
1,848
Square Feet
0.86
Acres
$315,000 | 9 Henry White Lane, Leicester, NC 28748
1/46
3

$315,000

Sold 07/25/25

3
Bedrooms
1,940
Square Feet
1.19
Acres
$275,000 | 2 Yellow Roses Lane, Leicester, NC 28748
1/17
4

$275,000

Sold 11/17/25

3
Bedrooms
1,904
Square Feet
0.63
Acres
a front view of house with yard and green space
1/36
5

$365,000

Sold 01/13/25

3
Bedrooms
2,080
Square Feet
0.68
Acres
$302,000 | 112 Reeves Road, Leicester, NC 28748
1/22
6

$302,000

Sold 09/01/26

3
Bedrooms
1,934
Square Feet
0.74
Acres
a front view of a house with garden
1/48
7

$305,000

Sold 09/22/25

3
Bedrooms
2,019
Square Feet
0.65
Acres
$285,000 | 6 Shady Crk Lane, Leicester, NC 28748
1/34
8

$285,000

Sold 05/13/26

3
Bedrooms
1,904
Square Feet
0.95
Acres
$345,000 | 2956 New Leicester Highway, Leicester, NC 28748
1/32
9

$345,000

Sold 08/11/26

3
Bedrooms
1,118
Square Feet
1.3
Acres

Location

Listing Courtesy of Asheville Realty Group

Sold By The Real Estate Center

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$1,773 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,575

Property Taxes

$198

HOA Dues

$0

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Property Information for 48 Rainbow Ridge Road

Property Details

  • MLS Type: Residential / Single Family Residence
  • Architectural Style: Ranch
  • View: Long Range, Mountain(s), Winter, Year Round
  • Parking Features: Carport, Driveway
  • Subdivision Name: None

Building Information

  • Year Built: 1971
  • Lot Size: 0.76 AC / 33,105 SF

Summary

Location and General Information
  • Longitude: -82.70162
  • Zoning: OU
  • Latitude: 35.652518
  • Directions: Leicester Hwy.- Rt. 63 approx. 8 miles make left onto Old Newfound Rd. Go approx. 1/4 mile and go right onto Rainbow Ridge. Follow road up to 1st house on left.
Taxes and HOA Information
  • HOA YN: No
  • HOA Subject To: None
  • HOA Subject To Dues: No
  • Tax Assessed Value: $231,400.00
  • Parcel Number: 9701-02-5855-00000
  • City Taxes Paid To: No City Taxes Paid
School Information
  • Middle Or Junior School: Unspecified
  • High School: Unspecified
  • Elementary School: Unspecified
Parking
  • Parking: Carport Spaces: 2.0
  • Parking: Carport YN: Yes
  • Garage Main Level YN: No
Virtual Tour
  • Virtual Tour URL Unbranded: tours.maryyoungphotography.com/public/vtour/display/1550211?idx=1#!/

Property

Lot Information
  • Elevation: 2000
  • Above Grade Finished Area: 2068.0
  • Below Grade Finished Area: 0.0
  • Sq Ft Garage: 0
  • Sq Ft Lower: 0
  • Sq Ft Main: 2068
  • Sq Ft Third: 0
  • Sq Ft Unheated Basement: 1360
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 1360
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 0
  • Sq Ft Other: 0.0
  • Sq Ft Total Property HLA: 2068.0
  • Living Area Units: Square Feet
  • Lot Features: Views
  • Lot Size Acres: 0.76
  • Lot Size Units: Acres
  • Property Attached YN: No
  • Property Type: Residential
Property and Assessments
  • New Construction YN: No
  • Photos Count: 39
  • Road Responsibility: Private Maintained Road
  • Construction Type: Site Built
  • Assumable: No
  • Proposed Special Assessment: No
  • Restrictions: N/A
Green Features
  • Green Verification Count: 1
Utilities
  • Sewer: Septic Installed
  • Utilities: Cable Available, Gas
  • Water Source: Well

Interior and Exterior Features

Exterior Features
  • Accessibility Features: Two or More Access Exits
  • Exterior Features: Fire Pit
  • Construction Materials: Brick Full
  • Patio And Porch Features: Balcony, Covered, Deck, Porch, Rear Porch, Wrap Around
  • Road Surface Type: Concrete
  • Roof: Fiberglass
Interior Features
  • Appliances: Dishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Freezer, Gas Water Heater, Refrigerator, Washer
  • Levels: One
  • Cooling: Attic Fan, Ceiling Fan(s), Heat Pump
  • Heating: Central, Forced Air, Natural Gas
  • Interior Features: Cable Prewire
  • Laundry Features: In Basement
  • Fireplace Features: Family Room, Fire Pit, Gas Log, Living Room
  • Flooring: Carpet, Vinyl, Wood
  • Basement YN: Yes
  • Basement Features: Basement, Basement Shop, Partially Finished
  • Bedroom Main: 3
  • Full Bath Main: 1
  • Half Bath Main: 1

Room Information

Room Information
  • Room Count: 10.0
Room 1
  • Room Types: Bathroom-Full
  • Room Level: Main
Room 2
  • Room Types: Bathroom-Half
  • Room Level: Main
Room 3
  • Room Types: Primary Bedroom
  • Room Level: Main
Room 4
  • Room Types: Bedroom(s)
  • Room Level: Main
Room 5
  • Room Types: Dining Room
  • Room Level: Main
Room 6
  • Room Types: Breakfast
  • Room Level: Main
Room 7
  • Room Types: Family Room
  • Room Level: Main
Room 8
  • Room Types: Study
  • Room Level: Main
Room 9
  • Room Types: Den
  • Room Level: Main
Room 10
  • Room Types: Living Room
  • Room Level: Main

Property History for 48 Rainbow Ridge Road

DateEvent & SourcePriceAppreciation
Apr 22, 2020

Closed

CANOPY #3598807

$295,000—
Apr 20, 2020

Closed (Public Record)

Public Record #669142834

$295,000

+3.7% / yr

Mar 7, 2020

Under Contract-No Show

CANOPY #3598807

—
DateEvent & SourcePrice
04/22/2020

Closed

CANOPY #3598807

$295,000
04/20/2020

Closed (Public Record)

Public Record #669142834

$295,000

+3.7% / yr

03/07/2020

Under Contract-No Show

CANOPY #3598807

—

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

Public records

48 Rainbow Ridge Road

Beds

3

Baths

1.5

Total Finished SqFt

2,790 SqFt

Above Grade Finished SqFt

2,082 SqFt

Finished Basement SqFt

708 SqFt

Unfinished Basement SqFt

1,360 SqFt

Schools near 48 Rainbow Ridge Road

This home is within Buncombe County Schools.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 6
Public - 7 to 8
Public - 9 to 12
Rating
School
Distance
Leicester Elementary
PublicPK to 4

Eblen Intermediate School
Public5 to 6

Clyde A Erwin Middle School
Public7 to 8

Clyde A Erwin High
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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 48 Rainbow Ridge Road, Leicester, NC 28748
$295,000
3
2,068
33,105
–
–
–
–
85,378
–
3
1,761
772,754
–
3
2,066
81,457
–
5
3
1,800
41,818
–
–
–
1,680
85,378

Explore Nearby Homes

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 Asheville Realty Group

Based on information submitted to the MLS GRID as of 12/12/2023 07:50 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.