Sold
Last Sold Price
6 beds

4109 Rainbow Dr, Decatur, GA 30034

Single FamilyProperty Type
4 acresLot Size
1952Year Built

Description

Investor’s dream! 4-ACRES & Two income producing homes ($2500/mo.) Live in one and rent the other to cover your mortgage/produce income -Endless Possibilities! Or rezone to build 8-12 houses per acre! Similar 4-acre 2-house property sold May 2019 for $290,000 located 2 miles away at 3950/3960 Boring Rd Decatur GA. Wont Last Long! Brick Ranch 1500sf 4bd/2ba new roof windows, paint, flooring (95% complete), newer hot water heater, & HVAC. 1-car detached garage 4-space uncovered parking. Updated septic...Investor’s dream! 4-ACRES & Two income producing homes ($2500/mo.) Live in one and rent the other to cover your mortgage/produce income -Endless Possibilities! Or rezone to build 8-12 houses per acre! Similar 4-acre 2-house property sold May 2019 for $290,000 located 2 miles away at 3950/3960 Boring Rd Decatur GA. Wont Last Long! Brick Ranch 1500sf 4bd/2ba new roof windows, paint, flooring (95% complete), newer hot water heater, & HVAC. 1-car detached garage 4-space uncovered parking. Updated septic system. Electric Separately Metered Stucco Cottage 800 sf 2bd/1ba with expansive backyard surrounded by mature Georgia Pines reaching to the sky, living room, den, newer appliances, 2-space uncovered parking, newer septic system, roof, & central air.
  • Listed by: Bobbi Outlaw-Crouch • HomeBay Broker GA, Inc.
Listing closed: 11/18/2019 05:00 AM • Source: GAMLS, MLS#: 8631012
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Recent comparable sales

Median sold price

$265,000

Avg days on market

50

Sale-to-list ratio

96.5%

Decatur, GA

9 comparable properties found

a view of a house with a yard
1

$259,000

Sold 06/24/25

6
Bedrooms
2,186
Square Feet
0.45
Acres
a front view of a house with swimming pool
2

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Sold 12/05/25

5
Bedrooms
2,590
Square Feet
0.65
Acres
$350,000 | 2707 Rainbow Ridge Road, Decatur, GA 30034
3

$350,000

Sold 12/31/24

6
Bedrooms
1,898
Square Feet
0.3
Acres
a front view of a house with a garden
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Sold 01/07/26

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Bedrooms
2,542
Square Feet
0.5
Acres
$265,000 | 2721 Eastwind Drive, Decatur, GA 30034
5

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Sold 07/01/26

5
Bedrooms
Unavailable
Square Feet
0.4
Acres
a front view of a house with garden
6

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Sold 06/11/25

6
Bedrooms
2,370
Square Feet
0.34
Acres
a view of a house with a patio
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$239,000

Sold 07/22/26

5
Bedrooms
1,644
Square Feet
0.14
Acres
$430,000 | 3142 Pheasant Drive, Decatur, GA 30034
8

$430,000

Sold 08/29/25

6
Bedrooms
3,196
Square Feet
0.4
Acres
a front view of a house with a garden and trees
9

$385,000

Sold 11/06/25

6
Bedrooms
3,086
Square Feet
0.49
Acres

Location

Listing Courtesy of HomeBay Broker GA, Inc., Bobbi Outlaw-Crouch

Sold By Keller Williams Rlty. Buckhead, Jeff Morabito

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Payment Calculator

$1,330 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,174

Property Taxes

$156

HOA Dues

$0

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Property Information for 4109 Rainbow Drive

Property Details

  • Taxes: $1,869 / year
  • MLS Type: Residential / Single Family Residence
  • Subdivision: None
  • Style: Brick/Frame, Other
  • Fees Include: None
  • Parking: Detached

Building Information

  • Stories: 1
  • Year Built: 1952
  • Lot Size: 4.00 AC / 174,240 SF

Summary

Location and General Information
  • Area: DKE1
  • Elementary School: Edward Bouie
  • High School: Southwest Dekalb
  • Middle School: Chapel Hill
  • Amenities: None
  • Directions: Head north on Kelley Chapel Rd toward Rainbow Dr Turn right at the 1st cross street onto Rainbow Dr Destination will be on the right
  • Lot Description: Level
Taxes and HOA
  • Parcel Number: 15 126 12 007

Interior and Exterior Features

Interior Features
  • Total Fireplaces: 0
  • BAF Lower: 0
  • BAF Main: 3
  • BAF Upper: 0
  • BAH Lower: 0
  • BAH Main: 0
  • BAH Upper: 0
  • BR Lower: 0
  • BR Main: 6
  • BR Upper: 0
  • Interior: Other
  • Rooms: Other
  • Basement Description: None
  • Appliances: Dryer, Washer, Dishwasher, Oven/Range (Combo), Refrigerator
Exterior Features
  • Roof Type: Composition

Property

Utilities
  • Cooling: Electric, Central Air
  • Heating Type: Electric, Forced Air
  • Water/Sewer: Septic Tank
  • Water Source: Public
Property and Assessments
  • Tax Year: 2017
  • Stories: One
  • Leased Land: No
  • Property Condition: Resale
Lot Information
  • Foundation Details: Slab

Property History for 4109 Rainbow Drive

DateEvent & SourcePriceAppreciation
Nov 15, 2019

Sold (Public Record)

Public Record #657705942

$220,000—
Nov 15, 2019

Sold (Public Record)

Public Record #657705942

$220,000

+32.0% / yr

Jun 14, 2012

Sold (Public Record)

Public Record #333196342

$28,000

-28.1% / yr

DateEvent & SourcePrice
11/15/2019

Sold (Public Record)

Public Record #657705942

$220,000
11/15/2019

Sold (Public Record)

Public Record #657705942

$220,000

+32.0% / yr

06/14/2012

Sold (Public Record)

Public Record #333196342

$28,000

-28.1% / yr

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

Public Records for 4109 Rainbow Drive

Taxable Value

Land

$10,640

Additions

$100,520
Total$111,160

Tax Record

2025

$3,005 ($250 / month)

Home Facts

Beds

3

Baths

2

Total Finished SqFt

1,741 SqFt

Above Grade Finished SqFt

1,741 SqFt

Stories

1

Lot Size

174,240 SqFt

Style

Single Family Residence

Year Built

1948

Zoning

R100

County

DEKALB

APN

15 126 12 007

Fireplace Type

Has Fireplace

Schools near 4109 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 - PK to 12
Rating
School
Distance
Rainbow Elementary School
PublicPK to 5

Chapel Hill Middle School
Public6 to 8

Southwest Dekalb High School
Public9 to 12

East Dekalb Special Education Center
PublicPK 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: 4109 Rainbow Drive, Decatur, GA 30034
$220,000
6
–
174,240
$286,000
4
1,833
17,424
$340,000
4
2,534
43,560
–
3
2
1,600
16,553
$150,000
4
1,968
34,848
–
–
0.5
–
16,553

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 HomeBay Broker GA, Inc., Bobbi Outlaw-Crouch

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.