Sold
Last Sold Price
304,920 Lot Size7 Acres

3401 Rainbow Dr, Decatur, GA 30034

LandProperty Type
7 acresLot Size

Description

Located inside the Perimeter in DeKalb County, less than 2 miles from both I-285 and I-20, offering convenient access to Atlanta and the surrounding amenities. Just east of The Gallery at South DeKalb, with 800,000 square feet of retail space. T. Located at the southeast corner of Rainbow Dr and Columbia Dr at a four-way traffic signal. There is a sanitary sewer located to the east of the Property, and should gravity flow to the manhole. Sewer could be accessed by the Right-of-Way or via an easement....Located inside the Perimeter in DeKalb County, less than 2 miles from both I-285 and I-20, offering convenient access to Atlanta and the surrounding amenities. Just east of The Gallery at South DeKalb, with 800,000 square feet of retail space. T. Located at the southeast corner of Rainbow Dr and Columbia Dr at a four-way traffic signal. There is a sanitary sewer located to the east of the Property, and should gravity flow to the manhole. Sewer could be accessed by the Right-of-Way or via an easement. There is an older home on the property that is boarded up and will be the responsibility of the buyer.
  • Listed by: Kyle Gable • Pioneer Residential
Listing closed: 03/31/2023 04:00 AM • Source: GAMLS, MLS#: 20062078
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Recent comparable sales

Median sold price

$53,000

Avg days on market

150

Sale-to-list ratio

74.4%

Decatur, GA

9 comparable properties found

$615,000 | 3053 Wesley Chapel Road, Decatur, GA 30034
1

$615,000

Sold 02/23/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
3.8
Acres
$70,000 | 3554 Rainbow Drive, Decatur, GA 30034
2

$70,000

Sold 10/10/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.2
Acres
a bird view of a house
3

$50,000

Sold 03/03/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.28
Acres
a view of a lake with lots of trees
4

$12,000

Sold 02/07/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.5
Acres
$39,900 | 2944 Cohassett Lane, Decatur, GA 30034
5

$39,900

Sold 05/12/25

Unavailable
Bedrooms
Unavailable
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Unavailable
Square Feet
0.3
Acres
$35,000 | 4409 Flat Shoals Parkway, Decatur, GA 30034
6

$35,000

Sold 12/31/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.7
Acres
a view of a yard with plants and trees
7

$53,000

Sold 03/27/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.34
Acres
$59,500 | 1498 Peachcrest Road, Decatur, GA 30032
8

$59,500

Sold 03/27/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.34
Acres
$59,500 | 3421 Jackson Drive, Decatur, GA 30032
9

$59,500

Sold 03/27/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.31
Acres

Location

Listing Courtesy of Pioneer Residential, Kyle Gable

Sold By MPARKINSON REALTORS, Maisie Parkinson

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$3,715 per month

30 year fixed, 7.03% Interest

Principal and Interest

$3,470

Property Taxes

$245

HOA Dues

$0

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Property Information for 3401 Rainbow Drive

Property Details

  • Taxes: $2,945 / year
  • MLS Type: Land / Residential Lot
  • Subdivision: None

Building Information

  • Lot Size: 7.00 AC

Summary

Location and General Information
  • Area: DKE3
  • Elementary School: Columbia
  • High School: Columbia
  • Middle School: Columbia
  • Amenities: None
  • Directions: Located at the southeast corner of Rainbow Dr and Columbia Dr at a four-way traffic signal. Located inside the Perimeter in DeKalb County, less than 2 miles from both I-285 and I-20, offering convenient access to Atlanta and the surrounding amenities. The Exchange Recreation Center is located across the street and has ball fields, a playground, trails, a lake, a gymnasium, and more.
  • Lot Description: Other
Taxes and HOA
  • Association: No
  • Parcel Number: 15 123 02 066

Property

Utilities
  • Water/Sewer: Other
  • Utilities: Other
  • Water Source: Other
Property and Assessments
  • Tax Year: 2021
  • Deed Page: 141
  • Other Sturctures: Other, Residence
  • Deed Book: 11396
Lot Information
  • Road Frontage: 1192
  • Restrictions Apply: Yes
  • Road Frontage Type: County Road
  • Potential Use: Other

Property History for 3401 Rainbow Drive

DateEvent & SourcePriceAppreciation
Mar 31, 2023

Sold (Public Record)

Public Record #1509157650

$650,000—
DateEvent & SourcePrice
03/31/2023

Sold (Public Record)

Public Record #1509157650

$650,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

3401 Rainbow Drive

Beds

4

Baths

2

Total Finished SqFt

2,291 SqFt

Above Grade Finished SqFt

2,291 SqFt

Stories

1

Lot Size

305,791 SqFt

Schools near 3401 Rainbow Drive

This home is within Dekalb County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 4 to 8
Rating
School
Distance
Columbia Elementary School
PublicPK to 5

Columbia Middle School
Public6 to 8

Columbia High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 3401 Rainbow Drive, Decatur, GA 30034
$650,000
–
–
–
304,920
–
–
–
896
50,965
$5,000
4
2.5
1,613
11,761
–
4
2.5
2,484
13,939
$2,954,559
3
1,866
13,068
$20,000
4
2
1,464
81,893

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pioneer Residential, Kyle Gable

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS, Tiftarea Board of Realtors.Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS, Tiftarea Board of Realtors is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.