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$375,000

Beds
2
Baths
2.0
sq ft
699

42 Rainbow Lake Circle, Black Mountain, NC 28711

42 Rainbow Lake Circle

Black Mountain, NC 28711

  • Pending
    • Price drop $10,000↓
Nestled in the scenic beauty of Black Mountain, these two beautifully maintained homes on Rainbow Lake Circle offer the perfect blend of privacy and convenience. Located just one mile from Chimney Rock Park’s Eagle Rock and only a short drive to Asheville, Hendersonville, and Lake Lure, you’ll have easy access to a variety of outdoor activities and local attractions. Both homes come fully furnished, allowing you to immediately move in and enjoy the peaceful surroundings. Relax in the hot tub or unwind on the spacious decks, surrounded by the serenity of the trees. Whether you’re looking for a weekend retreat, a place to call home, or a great investment this property offers a unique opportunity to experience mountain living at its finest. Come see for yourself why these homes are the perfect spot for both relaxation and adventure!

Details

Property type

Single Family Residence

Est. home value

$360,815

Lot size

Unknown

Price per sq ft

$537

Year built

1971

Price History

03/08/2025
CanopyMLS

CanopyMLS #4215807

Pending
$375,000
02/14/2025
CanopyMLS

CanopyMLS #4215807

Price change
$375,000
-2.6%
01/30/2025
CanopyMLS

CanopyMLS #4215807

Listed
$385,000
+13.24%

Schools & Community

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$45,916
Asking price
$375,000
Closing costs (~8% of asking)
-$30,000
Est. remaining loan balance
-$299,084
Cash to seller
$45,916

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Acopia Llc

Loan start date

December 2022

Original loan amount

$306,000

Est. remaining balance

$299,084

Interest rate

7.08%

Loan type

New Conventional, 30 year

Seller

Brook Davenport and Laura Brunnhoelzl

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Pending/Under Contract

Tomo last checked: 03/15/2025 at 2:45 AM

Listing updated: 03/08/2025 at 3:44 PM

Listed by: Tyler Coon, EXP Realty LLC Phone #: (888) 584-9431

MLS: CanopyMLS #4215807

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