3646 Rainbow Dr

Decatur, GA 30034

$255,000
Last Sold Price
10
Beds
2,497 Sq. Ft.
$102 / Sq. Ft.
2,497
Sq. Ft.
$102
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 4/11/24
Closed 4/11/24
a front view of a house with yard and green space

Description

BEHOLD this rare opportunity to purchase a seasoned PadSplit coliving home with optional turnkey management. This fully occupied rental is conveniently located minutes from major employers, including Hartsfield-Jackson International Airport. Its proximity to I-20 / I-285 ensures superb connectivity for its occupants. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit is a workforce housing solution that not only helps members save money and live closer...BEHOLD this rare opportunity to purchase a seasoned PadSplit coliving home with optional turnkey management. This fully occupied rental is conveniently located minutes from major employers, including Hartsfield-Jackson International Airport. Its proximity to I-20 / I-285 ensures superb connectivity for its occupants. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit is a workforce housing solution that not only helps members save money and live closer to work but provides a great investment for its owner. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Sold with an optional top-rated Superhost who coordinates cleaning and repairs, this property is ideal for any investor, regardless of their capacity. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. Part of a portfolio, contact the listing agent if you are interested in purchasing multiple properties with a similar setup. OFFER REQUIREMENTS: Property sold as-is, do all due diligence before submitting an offer, $7,500 EM, the closing attorney must be the Fryer Law Firm
  1. Listed by Josh Stanton • Keller Williams Realty Metro Atlanta • 404-564-5560

Property Details for 3646 Rainbow Drive

Subdivision Complex
Kings Park
Architectural Style
Ranch
Exterior
None
Num Of Garage Spaces
2
Num Of Parking Spaces
0
Parking Features
Driveway, Garage
Property Attached
No
Waterfront Features
None
LISTING CLOSED: 04/11/2024 12:00 AM

Property Details for 3646 Rainbow Drive

StatusClosed
MLS #7349389
Days on Market5
Taxes$5,235 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1967
Lot Size0.40 AC / 17,424 SF
CountyDeKalb County
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Location

Listing Courtesy of Keller Williams Realty Metro Atlanta, Josh Stanton

Sold By Keller Williams Realty Metro Atlanta, Brandon Beamer

Add your commute

Building Information for 3646 Rainbow Drive

Stories2Year Built1967Building Size-Lot Size0.40 AC / 17,424 SF

Payment Calculator

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$1,707 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,271

Property Taxes

$436

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 3646 Rainbow Drive

Summary
Location and General Information
  • Community Features: None
  • Directions: Take I-20E to Exit 66 towards Columbia Drive, Turn right on Columbia Dr, Turn left on to Rainbow Dr, property on left hand side.
  • Lake Name: None
  • View: Other
  • Coordinates: -84.242032, 33.709656
Taxes and HOA Information
  • Parcel Number: 15 124 03 005
  • Tax Year: 2023
  • Master Association Fee: $.00
  • HOA Rent Restrictions: No
  • Association: No
  • Block: A
  • Tax Legal Description: 0
  • Tax Lot: 5
School Information
  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Rainbow
  • High School: Southwest Dekalb
  • Middle School: Chapel Hill - Dekalb
Parking
  • Open Parking: Yes
Agent
Payment and Rate
  • Concessions Amt: $.00
Interior and Exterior Features
Interior Features
  • Cooling: Central Air
  • Heating: Natural Gas
  • Appliances: Electric Cooktop, Electric Oven, Microwave, Refrigerator
  • Basement: Finished
  • Fireplace Features: None
  • # of Fireplaces: 0
  • Flooring: Ceramic Tile, Hardwood
  • Interior Features: Other
  • Levels/Stories: Two
  • Other Equipment: None
  • Window Features: None
  • Bedroom Features: Other
  • Diningroom Features: None
  • Kitchen Features: Cabinets Stain, Stone Counters
  • Master Bathroom Features: Shower Only
  • Foundation: Brick/Mortar
  • Main Bedrooms: 7
  • Total Half Baths: 0
  • Bathrooms Total Interger: 4
  • Main Full Baths: 3
  • Additional Rooms: Other
  • Bathrooms Total Decimal: 4.00
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Brick 4 Sides
  • Dock: None
  • Fencing: None
  • Horse Amenities: None
  • Patio And Porch Features: Patio
  • Pool Features: None
  • Road Surface Type: Asphalt
  • Roof Type: Composition, Shingle
  • Security Features: None
  • Spa Features: None
  • Laundry Features: In Basement
  • Pool Private: No
  • Road Frontage Type: City Street
  • Other Structures: None
Property
Utilities
  • Sewer: Public Sewer
  • Utilities: Sewer Available
  • Water Source: Public
  • Electric: 110 Volts
Property and Assessments
  • Assumable: No
  • FHA Condo Approval: No
  • Home Warranty: No
  • Proposed Financing: Cash, Conventional
  • Plat Book: 42
  • Plat Page: 44
  • Property Condition: Resale
  • Representative of Property: No
  • Possession: Close Of Escrow
Green Features
  • Green Energy Efficient: None
  • Green Energy Generation: None
Lot Information
  • Section/GMD: 0
  • Above Grade Finished Area: 2497.0
  • Below Grade Finished Area: 0.0
  • SqFt Source: Appraiser
  • Square Footage: 2497.0
  • Common Walls: No Common Walls
  • Land lot: 124
  • Lot Features: Back Yard, Front Yard
  • Acreage Source: Public Records
  • Lot Size Dimensions: 100x172x98x146
  • Below Grade Unfinished Area: 0.0
  • Waterfront Footage: 0.0
Multi Family
Multi-Family Information
  • # Of Units In Community: 0
  • Number of Units To Be Built: 0
Income & Expenses Information
  • Swim/Tennis Fee: $0
Rental
Rent Information
  • Terms: Conventional
  • Land Lease: No
  • Occupant Types: Tenant

Property History for 3646 Rainbow Drive

DateEvent & SourcePriceAppreciation
Apr 11, 2024

Sold (Public Record)

Public Record #1534026946

$255,000

+5.1% / yr

May 20, 2021

Sold (Public Record)

Public Record #1462350220

$221,000—
DateEvent & SourcePrice
04/11/2024

Sold (Public Record)

Public Record #1534026946

$255,000

+5.1% / yr

05/20/2021

Sold (Public Record)

Public Record #1462350220

$221,000

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

Public Records for 3646 Rainbow Drive

Taxable ValueLand$14,400Additions$106,720Total$121,120
Tax Record2025$5,755 ($480 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,605 SqFtAbove Grade Finished SqFt1,605 SqFtStories1Lot Size15,682 SqFtStyleSingle Family ResidenceYear Built1967ZoningR75CountyDEKALBAPN15 124 03 005Fireplace TypeHas Fireplace

Schools near 3646 Rainbow Drive

This home is within Dekalb County School District.
Rating
School
Type
Grades
Distance
Columbia Elementary School
Public - PK to 5
Columbia Middle School
Public - 6 to 8
Columbia High School
Public - 9 to 12
Wadsworth Magnet School For High Achievers
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

Wadsworth Magnet School For High Achievers
Public4 to 8

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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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 Keller Williams Realty Metro Atlanta, Josh Stanton

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.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 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.