1054 Rainbow Rapids Road

 
Loading...

Thank You!

You will be hearing from us soon. In the meantime, if you'd like to learn more about this property, click here

Start a New Search


If You Have Any Other Questions, Call Us At 1(888)-247-3466

Bed: 4
Bath: 4
1/2 Bath: 1
Sq. Ft.: 5,957
Acreage: 34.15

Community: Rutherfordton in Rutherford County

Bed: 4
Bath: 4
1/2 Bath: 1
Sq. Ft.: 5,957
Acreage: 34.15

Thank You!

You will be hearing from us soon. In the meantime, if you'd like to learn more about this property, click here

Start a New Search


If You Have Any Other Questions, Call Us At 1(888)-247-3466

Custom-built log home with year-round breathtaking long-range views.  10 minutes from Lake Lure, 15 minutes to downtown Rutherfordton & 30 minutes to The Equestrian Center in Tryon.  Timber derived from Nova Scotia & the Northwest underwent a process of kiln drying. Exposed beams, stone fireplaces, windows galore, natural custom Mountain Laurel picket railings on the staircases & outside railings, marble, ceramic tile, Brazilian & Cherry hardwood floors.  The exterior walls and steps are black polished Granite from South America. 1700 sq ft of custom wraparound decking to take in the views.  The land is 70% cleared with many beautiful build sites. Property can be subdivided.  Think Horse Farm, retreats, wedding venues, B&B, etc. Spring fed stream. The home was constructed with space to add an elevator. Seller will have home and grounds cleaned off by closing. Wood stove, Furnishings are negotiable with accepted offer. Being sold AS IS!! Seller financing available. See attachments.

Listed by Keller Williams - Weaverville
Attribution: [email protected]
Original Listing Price: 4,444,000
MLS #: ‍3879373
Listing Status: Hold
Days on Market: 605
This Property has Been Viewed 500 Times

Based on information submitted to the MLS GRID as of 2024-02-28 at 1:30PM. 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.

Displays of minimal information (e.g. “thumbnails”, text messages, “tweets,” etc., of two hundred (200) characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. For audio delivery of listing content, all required disclosures must be subsequently delivered electronically to the registered consumer performing the property search or linked to through the devices application.

Some IDX listings have been excluded from this website.

Copyright © 2024. All rights reserved.

Map

close
  • Mapbox
  • Google
  • Topo Map

Directions: From Lake Lure travel east on Hwy 64/74A to Freeman Road. Right on Freeman. Stay straight through stop sign and then right on Rainbow Rapids. House on Left - look for sign.

Disclaimer: The map service includes search results such as listings and related information provided by third parties. Walnut Cove Realty makes no representations or warranties regarding the accuracy or completeness of the information provided by these third parties.

View Directions on Map

Property Features

close
Water: Well
Year Built: 2002
Subdivision: none
Style: Cabin
Roof: Metal
Basement/Foundation: Basement
Floors: Tile,Wood
Sewer: Septic Installed
Cooling: Ceiling Fan(s),Heat Pump
Heating/Cooling: Heat Pump,Propane,Wood Stove
Garage/Carport: Carport,Driveway,Detached Garage,Parking Space(s)
Exterior Features: In-Ground Irrigation,Rainwater Catchment,Other - See Remarks
Lot Description: Cleared,Crops,Orchard(s),Hilly,Level,Pasture,Private,Rolling Slope,Creek/Stream,Wooded,Views,Wooded
Interior Features: Breakfast Bar,Entrance Foyer,Garden Tub,Kitchen Island,Walk-In Closet(s),Walk-In Pantry,Other - See Remarks

Mortgage Calculator

close
  • Payment Calculator
  • Qualifying Income
  • How much can I afford?
Purchase Price:
$
Down Payment:
$
Interest Rate:
%
Amortization Period:
Years
Results:
Monthly payment including interest:
$
Estimated Monthly Payment:
$
Annual Salary:
$
Other Annual Income
$
Annual Property Tax:
$
Annual Home Insurance:
$
Monthly Debt Payments:
$
Loan Criteria
Combined Annual Gross Income:
Wages Per Month:
Total Debt:
Results:
PITI using 36% RATE A:
PITI using 28% RATE B:
Monthly Payment Cap (RATE A):
Monthly Payment Cap (RATE B):
RATE A
The 36% income is based on the PITI (mortgage principal plus interest amount plus your monthly property tax and home insurance), PLUS any other debt payments you must pay every month.
RATE B
The 28% income is based on PITI (Principal + Interest + Tax + Insurance) or more specifically, the mortgage principal plus interest amount plus your monthly property tax and home insurance the lender typically holds in an escrow account for you.
Down Payment:
$
Total Monthly Payment:
$
Length of Loan (years):
Interest Rate (%):
%
Property tax rate (1% = $1000/yr for 100K house):
%
Home Owners Insurance:
$
Mortgage Insurance Premium (generally between $1000 and $5000 per year):
$

By making a down payment of $ and paying $ per month, you will able to afford a home that costs $ . You will need to qualify for a loan of $.

Summary of Your Monthly Payment
Principal and Interest:
Taxes and Insurance:
Mortgage Insurance:

Schools

close
  • High School: East Rutherford
  • Middle School: RS
  • Elementary School: Pinnacle