Mooresville · Mooresville, NC
115 Rainbow Lane
Mooresville, NC · 2,416 sqft
$1,200,000
- 3Beds
- 3Baths
- 2,416SqFt
- 1969Year
- 12Days on market
About this home
Welcome to this waterfront brick ranch with a walk-out basement, offering 3 bedrooms, 3 full baths, an office, and breathtaking lake views. Situated on a private and peaceful lot, this home combines comfortable one-level living with wonderful additional space downstairs and easy access to the water. The main level features beautiful hardwood floors throughout, an inviting living room with built-in shelving, plantation shutters in several rooms, and an eat-in dining area. The kitchen is equipped with stainless steel appliances and offers a functional layout for everyday living and entertaining. The primary suite includes a walk-in closet, dual vanities, and a good sized walk-in shower. An additional second full bath on the main also includes a linen closet and tub/shower combination, with a bedroom conveniently located across the hall. French doors open to a wonderful enclosed porch where you can relax and take in the gorgeous lake views. The walk-out lower level offers even more living space with built-in cabinetry and shelving, a third bedroom, and the third full bath featuring a stand-alone walk-in shower. A spacious laundry room and flexible room, perfect for a home office, hobby room, or additional living space, complete the lower level. Step outside to the patio and enjoy the private yard, fire pit, and tranquil surroundings. For the lake enthusiast, this property includes a covered deeded boat slip with dock and excellent water views, conveniently located close to the main channel. A storage shed provides additional space for your outdoor needs. Tucked away in a quiet and private setting yet conveniently located near I-77, this hidden gem offers easy access to shopping, excellent restaurants, and everything you need. Whether you're relaxing on the enclosed porch, enjoying the lake from your own boat slip, or gathering around the fire pit, this waterfront retreat offers the perfect blend of privacy, comfort, and lake living. No representation on fire place in basement as the sellers have never lived in the home.
Property details
- Beds
- 3
- Baths
- 3
- SqFt
- 2,416
- Lot
- —
- Year built
- 1969
- Type
- Single Family
- Days on market
- 12
- Garage
- 1
- Heating
- Heat Pump
- Cooling
- Central Air
- Foundation
- Basement
- Flooring
- Carpet, Tile, Wood
- View
- Water, Year Round
Features
- Walk-In Closet(s)
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$8,681/ month
- Principal & interest
- $7,431
- Property tax (~0.90%)
- $900
- Homeowners insurance
- $350
- HOA dues
- —
Down payment
$60,000 down · $1,140,000 financed
Income to qualify (28% rule)
~$372,083 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. Christy can introduce you to lenders she trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.