Listing office: EXP Realty LLC
Property details
About 379 Rainbow Ter
Tucked on a mountainside, this recently renovated cottage offers the wooded escape many of us seek while still being a quick 5 minute drive to downtown Black Mountain. Beautiful wood floors make each room comforting and easy to clean. Two large bedroom and a small sunroom make this the perfect space to enjoy the mountains. Choose between the covered front porch or the large open back deck for entertaining, drinking your morning coffee, sun bathing, or watching the rain. The open floor plan is great for hosting your guests while cooking dinner. Come check this sweet house out today!
Highlights
Home typeSingle Family Residence
HeatingHeat Pump, Wood Stove
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
CoolingCeiling Fan(s), Heat Pump
Size988 sqft
Year built1955
ParkingDriveway
MLS #4267468
FireplaceLiving Room, Wood Burning Stove
Summary
- Full Bathrooms: 1
- Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
- Basement: No
- Fireplace: Living Room, Wood Burning Stove
- Total Bedroom Count: 2
- Parking: Driveway
- Architectural Style: Cottage
- Heating: Heat Pump, Wood Stove
- Cooling: Ceiling Fan(s), Heat Pump
- List Price: $375,000
- Price/SqFt: $379
- Annual Tax Amount: $2,202
- Tax Year: 2024
- Directions: Take I40 to Exit 64. Head north on SR 9 through downtown Black Mtn. Follow Montreat road until you see the stone arches. Right on Rainbow Terrace just before the arches. Head up gravel Road, second driveway on the right
- Year Built: 1955
- Living Area: 988 SqFt
- MLS Number: 4267468
- Office Name: GreyBeard Realty
- Office Email: rachelsudnik@greybeardrealty.com
Listings courtesy of Canopy MLS as distributed by MLS GRID.
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 29, 2008 | Home Sold | $95,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $262,100 | $2,202 |
| 2023 | $262,100 | $2,146 |
| 2022 | $262,100 | $1,264 |
| 2021 | $262,100 | $2,081 |
| 2020 | $146,800 | $1,264 |
| 2019 | $146,800 | $1,264 |
| 2017 | $146,800 | $1,279 |
History based on county public records data.
Nearby schools
5
Black Mountain Elementary School
Public District 4-5
0.9 mi
•100 Flat Creek Rd
7
Black Mountain Primary School
Public District PK-3
1.1 mi
•301 E State St
2
W.D. Williams Elementary School
Public District PK-5
5.5 mi
•161 Bee Tree Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $42,941. The most common annual income of people living in Black Mountain, NC is less than $<35k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
43%
<35k
41%
35k-100k
15%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
45%
Single, No Kids
8%
Single, with Kids
33%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
6%
12-17 yrs old
17%
18-34 yrs old
44%
35-64 yrs old
22%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Figure Skating
Soccer
Where do the neighbors shop?
Stein Mart
Kmart
Old Navy
Where do the neighbors go to eat?
Bob Evans
Jimmy Johns
Little Caesars
What do the neighbors drive?
Lincoln
Buick
GMC
What do the neighbors listen to?
News/Talk/Information
Oldies
New Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 379 Rainbow Ter
The listing price of 379 Rainbow Ter property is $375,000.
The property 379 Rainbow Ter is a house located in Black Mountain, North Carolina, 28711.
Accepting Backup Offers: 379 Rainbow Ter is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 379 Rainbow Ter are: Black Mountain Elementary School (GreatSchools Rating 5/10), Black Mountain Primary School (GreatSchools Rating 7/10), W.D. Williams Elementary School (GreatSchools Rating 2/10), C.D. Owen Middle School (GreatSchools Rating 4/10), Artspace Charter School (GreatSchools Rating 7/10), Evergreen Community Charter (GreatSchools Rating 5/10), Charles D. Owen High School (GreatSchools Rating 7/10), Community High School (GreatSchools Rating 2/10), A.C. Reynolds High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2024 is $2,202 (source: MLS/based on county public records data).
The last sale was on October 29, 2008 for $95,000 (source: MLS/tax record).
The property at 379 Rainbow Ter has 2 bedrooms and 1 bathroom.
The property 379 Rainbow Ter is 988 SqFt (source: MLS/tax record).
The year of construction for 379 Rainbow Ter is 1955.
This home is located at 379 Rainbow Ter in Black Mountain, NC and zip code 28711. This 988 square foot home was built in 1955. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 14, 2025 and is currently priced at $375,000.
In June 2025 more than 5 listings in Black Mountain, NC were sold above the asking price. During the same period more than 6 listings were sold at asking price, while more than 11 were sold below. The inventory of homes for sale in Black Mountain, NC between May and June 2025 increased by 21.2%. The median list price of listings available in June 2025 was $515,000, while the average time on the real estate market was 28 days.
From Rocket Homes Real Estate and based on county public records data.