3997 Rainbow Drive

Closed 9/16/25
Closed 9/16/25
Gallery Image 1
Sold
Last Sold Price
$359,000
3 beds1,723 sqft

3997 Rainbow Dr, Decatur, GA 30034

Single FamilyProperty Type
3.66 acresLot Size
1955Year Built
$208/sq ftPrice per sq ft
2 carsParking Spaces

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.
  • Listed by: Ashley Mandowa • Mandowa and Company 770-330-7212
Listing closed: 09/16/2025 12:00 AM • Source: FMLS, MLS#: 7628003
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Recent comparable sales

Median sold price

$315,000

Avg days on market

33

Sale-to-list ratio

99.6%

Decatur, GA

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a front view of a house with a garden
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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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$1,976 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,917

Property Taxes

$59

HOA Dues

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Property Information for 3997 Rainbow Drive

Property Details

  • Taxes: $710 / year
  • MLS Type: Residential / Single Family Residence
  • County: DeKalb County
  • 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

Building Information

  • Stories: 2
  • Year Built: 1955
  • Lot Size: 3.66 AC / 159,429 SF

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

3997 Rainbow Drive

Beds

3

Baths

1

Total Finished SqFt

1,566 SqFt

Above Grade Finished SqFt

1,566 SqFt

Stories

1

Lot Size

159,430 SqFt

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 3997 Rainbow Drive, Decatur, GA 30034
$359,000
3
1,723
159,429
2724 Slumber Trail, Decatur, GA 30034
$115,900
3
2
2,399
15,246
2754 Slumber Trail, Decatur, GA 30034
–
3
2,108
15,246
4013 Rainbow Drive, Decatur, GA 30034
$180,000
3
1,821
196,020
3983 Rainbow Drive, Decatur, GA 30034
$230,000
4
3.5
3,328
25,265
2774 Slumber Trail, Decatur, GA 30034
$355,000
4
2,114
17,424

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Listing Courtesy of Mandowa and Company, Ashley Mandowa

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