4646 Rainbow Drive, Kannapolis NC
- 3 Bed
- 2 Bath
- 1782 ft2
- 0.9 ac
For Sale $311,000
Remarks:
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.
General Information:
| List Price: | $311,000 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1782 sqft |
| Parking: | Driveway, Attached Garage, Garage Faces Rear, Keypad Entry |
| MLS Number: | CAR4394032 |
| Subdivision: | Private Acres |
| Style: | Ranch |
| Bathrooms: | 2 |
| Lot Description: | Wooded |
| Year Built: | 1962 |
| Sewer Type: | Septic Installed, Sewage Pump |
Assigned Schools:
| Elementary: | Fred Wilson |
| Middle: | Kannapolis |
| High: | A.L. Brown |
Price & Sales History
| Date | Event | Price | $/SQFT |
| 01-09-2026 | Under Contract | $1,299,000 | $729 |
| 01-05-2026 | Price Decrease | $1,299,000-6.55% | $729 |
| 11-06-2025 | Price Decrease | $1,390,000-6.71% | $781 |
| 10-17-2025 | Price Decrease | $1,490,000-3.87% | $837 |
| 09-08-2025 | Listed | $1,550,000 | $870 |
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Enochville Elementary School | 2 miles | KG-05 | 4 |
| Charles E Boger Elementary | 3 miles | KG-05 | 8 |
| Royal Oaks Elementary | 3 miles | KG-05 | 1 |
| Landis Elementary School | 4 miles | PK-05 | 1 |
| China Grove Elementary School | 6 miles | PK-05 | 2 |
| Beverly Hills Elementary | 6 miles | KG-05 | 6 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 4646 Rainbow Drive, Kannapolis NC | 0 mi | $311,000 | days | |
| 4608 Rainbow Drive, Kannapolis NC | 0.1 mi | $275,000 | days | |
| 4268 Vincent Street, Kannapolis NC | 0.2 mi | $215,000 | days | |
| 1733 Rollingwood Drive, Kannapolis NC | 0.4 mi | $399,000 | days | |
| 116 Newell Avenue, Kannapolis NC | 0.4 mi | $310,000 | days | |
| 4224 Pine Street, Kannapolis NC | 0.4 mi | $295,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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Mortgage Calculator
| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| Property Insurance |
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28081
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Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By Realty One Group Revolution
4646 Rainbow Drive, Kannapolis NC is a 1782 ft2 on a 0.880 acres Wooded lot. This is for $311,000. This has 3 bedrooms, 2 baths, and was built in 1962.
Based on information submitted to the MLS GRID as of 2026-07-09 09:16:07 EST. 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. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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