About This Home

This 3-bedroom, 2-bathroom single family at 118 Rainbow Trail in Boone, NC is listed for $299,500 ($218 per sqft). Built in 1962, the home offers 1,372 sqft of living space on a 0.78 acres lot.

Key Features

  • Built in 1962
  • 0.78 acre lot

Property Details

2 full
1962
Listing Description

Affordable Boone living with investment potential! Located just outside the town limits of Boone, this brick ranch offers an affordable opportunity with a convenient location less than two minutes from New Market Center with easy access along a state maintained road.

Whether you are looking for a starter home, a student rental near Appalachian State University, or comfortable one level living close to town, this property offers plenty of possibilities. Inside, you will find three bedrooms, two full bathrooms, a spacious living room, and a large open kitchen and dining area.

The detached garage provides abundant storage, along with a bonus room that could serve as a home gym, art studio, workshop, or whatever best suits your needs. Outside, the large, sunny lot offers a usable backyard and patio space perfect for relaxing and enjoying beautiful mountain days.

With no rental restrictions, convenient location, and versatile layout, this property presents an appealing opportunity to purchase in Boone at an affordable price. The home is being sold as is, and buyers should know that we have been made aware that some of the floor joists likely need replacement. This has been taken into consideration in the pricing, offering an opportunity for buyers ready to unlock the property's potential.

Monthly Cost Estimate

$1,602/mo

20% down · 6.5% · 30 years

Principal$217
Interest$1,298
Insurance$87

Estimates only. Actual payments may vary.

Location

118 Rainbow Trail

Boone, NC 28607

Questions & Answers

This 3-bedroom, 2-bathroom single family at 118 Rainbow Trail is listed at $299,500 ($218/sqft). The estimated monthly payment is $1,601 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1962, 0.78 acre lot.

This property is listed by Bobbie Jo McCachren.

BM

Bobbie Jo McCachren

Agent at Keller Williams High Country

Listed by Keller Williams High Country · Broker phone: (404) 277-3545 · View on Broker Site · Broker website

MLS# 264774· Source: High Country Association of Realtors· 21 days on PropertySimple

Copyright © 2026 High Country Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

118 Rainbow Trail, Boone, NC 28607

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