3997 Rainbow Dr

Decatur, GA 30034

$359,000
Last Sold Price
3
Beds
1,723 Sq. Ft.
$208 / Sq. Ft.
1,723
Sq. Ft.
$208
per Sq. Ft.
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Closed 9/16/25
Closed 9/16/25
a view of a trees in a yard

Description

It's the LAND on this one! Discover timeless charm and endless potential with this estate-owned 4-sided brick ranch, nestled on a sprawling 3.66-acre lot in the heart of Decatur. This solid, well-built home offers a rare opportunity to own a private retreat with room to expand, renovate, or redevelop. This classic Mid-century Modern ranch-style residence features 3 bedrooms and 2 bathrooms, a full daylight basement, and original hardwood floors throughout most of the main level. The spacious living...It's the LAND on this one! Discover timeless charm and endless potential with this estate-owned 4-sided brick ranch, nestled on a sprawling 3.66-acre lot in the heart of Decatur. This solid, well-built home offers a rare opportunity to own a private retreat with room to expand, renovate, or redevelop. This classic Mid-century Modern ranch-style residence features 3 bedrooms and 2 bathrooms, a full daylight basement, and original hardwood floors throughout most of the main level. The spacious living room is filled with natural light, while the vintage kitchen and separate dining area provide the perfect canvas for your personal touch. Enjoy peaceful mornings on the rear patio overlooking the expansive backyard, surrounded by mature trees and open green space. The full unfinished basement offers ample storage, workshop space, or potential for additional living areas or rental income. With endless possibilities, this property is ideal for homeowners, investors, or developers looking for acreage in a rapidly growing area. Located just minutes from I-285, downtown Decatur, East Atlanta, and major retail and dining, this home offers both convenience and privacy. This property is part of an Estate sale and is sold as-is. Don’t miss this unique opportunity to own acreage in Decatur with solid bones and so much potential! The seller is happy to sell any furniture currently in the home. You do not want to miss this opportunity.
  1. Listed by Ashley Mandowa • Mandowa and Company • 770-330-7212

Property Details for 3997 Rainbow Drive

Subdivision Complex
Decatur
Architectural Style
Mid-Century Modern, Ranch
Exterior
Courtyard
Num Of Garage Spaces
2
Parking Features
Carport, Detached, Driveway, Garage
Property Attached
No
Waterfront Features
None
LISTING CLOSED: 09/16/2025 12:00 AM

Property Details for 3997 Rainbow Drive

StatusClosed
MLS #7628003
Days on Market4
Taxes$710 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1955
Lot Size3.66 AC / 159,429 SF
CountyDeKalb County
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Location

Listing Courtesy of Mandowa and Company, Ashley Mandowa

Sold By Core Realty and Associates, LLC, Latoya Winfrey

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Building Information for 3997 Rainbow Drive

Stories2Year Built1955Building Size-Lot Size3.66 AC / 159,429 SF

Payment Calculator

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$1,848 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,789

Property Taxes

$59

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 3997 Rainbow Drive

Summary
Location and General Information
  • Community Features: None
  • Directions: GPS Friendly!
  • Lake Name: None
  • View: Other
  • Coordinates: -84.227835, 33.706453
Taxes and HOA Information
  • Parcel Number: 15 125 05 013
  • Tax Year: 2024
  • Master Association Fee: $.00
  • HOA Rent Restrictions: No
  • Association: No
  • Tax Legal Description: 1512505013
School Information
  • Elementary School: Rainbow
  • High School: Southwest Dekalb
  • Middle School: Chapel Hill - Dekalb
Parking
  • # of Carport Spaces: 2
  • Open Parking: Yes
Agent
Payment and Rate
  • Concessions Amt: $.00
Interior and Exterior Features
Interior Features
  • Cooling: Other
  • Heating: Other
  • Appliances: Electric Oven, Electric Range, Other
  • Basement: Exterior Entry, Full
  • Fireplace Features: None
  • # of Fireplaces: 1
  • Flooring: Hardwood, Tile, Vinyl
  • Interior Features: Other
  • Levels/Stories: Two
  • Other Equipment: None
  • Window Features: None
  • Bedroom Features: Master on Main, Oversized Master, Other
  • Diningroom Features: Separate Dining Room
  • Kitchen Features: Cabinets White, Eat-in Kitchen, Other Surface Counters, View to Family Room
  • Master Bathroom Features: Other
  • Foundation: Slab
  • Main Bedrooms: 3
  • Total Half Baths: 0
  • Bathrooms Total Interger: 2
  • Main Full Baths: 1
  • Additional Rooms: Basement
  • Bathrooms Total Decimal: 2.00
Exterior Features
  • Accessibility Features: Accessible Bedroom
  • Construction Materials: Brick 4 Sides
  • Fencing: Back Yard
  • Horse Amenities: None
  • Patio And Porch Features: None
  • Pool Features: None
  • Road Surface Type: Paved
  • Roof Type: Shingle
  • Security Features: None
  • Spa Features: None
  • Laundry Features: Other
  • Pool Private: No
  • Road Frontage Type: City Street, Other
  • Other Structures: Garage(s)
Property
Utilities
  • Sewer: Septic Tank
  • Utilities: Electricity Available,Water Available,Other
  • Water Source: Public
  • Electric: None
Property and Assessments
  • Home Warranty: No
  • Property Condition: Resale
  • Possession: Close Of Escrow
Green Features
  • Green Energy Efficient: None
  • Green Energy Generation: None
Lot Information
  • SqFt Source: Appraiser
  • Square Footage: 1723.0
  • Common Walls: No Common Walls
  • Lot Features: Back Yard, Front Yard, Level, Private, Rectangular Lot
  • Acreage Source: Public Records
Rental
Rent Information
  • Terms: Conventional
  • Land Lease: No
  • Occupant Types: Vacant

Public Records for 3997 Rainbow Drive

Taxable ValueLand$12,640Additions$84,480Total$97,120
Tax Record2025$4,748 ($396 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,384 SqFtAbove Grade Finished SqFt1,384 SqFtStories1Lot Size159,430 SqFtStyleSingle Family ResidenceYear Built1955ZoningR100CountyDEKALBAPN15 125 05 013Fireplace TypeHas Fireplace

Schools near 3997 Rainbow Drive

This home is within Dekalb County School District.
Rating
School
Type
Grades
Distance
Rainbow Elementary School
Public - PK to 5
Chapel Hill Middle School
Public - 6 to 8
Southwest Dekalb High School
Public - 9 to 12
Narvie Harris Elementary School
Public - PK to 5
Rating
School
Distance
Rainbow Elementary School
PublicPK to 5

Chapel Hill Middle School
Public6 to 8

Southwest Dekalb High School
Public9 to 12

Narvie Harris Elementary School
PublicPK to 5

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 Mandowa and Company, Ashley Mandowa

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.