4059 Rainbow Drive

Decatur, GA 30034

$275,000
Price
87,120 / 2
Lot Size / Acres

Description

Undeveloped land lot. Capitalize on the high demand for affordable housing or customize your build from ground up to your exact specifications- as long as you keep within local zoning laws! Beautiful lot with several potential uses. Act now to transform this lot into a lucrative asset! Located within 20 minutes from Downtown Atlanta and Atlanta Hartsfield Airport. Less than one mile from schools, libraries, public transportation, highways, shopping and dining. The lot is currently zoned residential...Undeveloped land lot. Capitalize on the high demand for affordable housing or customize your build from ground up to your exact specifications- as long as you keep within local zoning laws! Beautiful lot with several potential uses. Act now to transform this lot into a lucrative asset! Located within 20 minutes from Downtown Atlanta and Atlanta Hartsfield Airport. Less than one mile from schools, libraries, public transportation, highways, shopping and dining. The lot is currently zoned residential property but with a simple zone change to RSM this lot would be ideal for subdividing into separate lots. Lot is being sold "As Is". No survey is available. The seller is also selling the adjacent property 4071 Rainbow Dr. (MLS#7379364) that can be purchase as a combination. These are two lots with separate addresses. Buyer should not rely on the Realtor's representation about zoning & should verify- investigate the applicable zoning details independently.
  1. Listed by Natasha Atkinson • BHGRE Metro Brokers

Property Details for 4059 Rainbow Drive

Subdivision Complex
none
Property Attached
No
Waterfront Features
None

Location

Listing Courtesy of BHGRE Metro Brokers, Natasha Atkinson
Add your commute
LISTING UPDATED: 05/02/2024 12:07 PM

Property Details for 4059 Rainbow Drive

StatusActive
MLS #7379289
Days on Market23
Taxes$867 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Single Family Residence
Year Built-
Lot Size2.00 AC
CountyDeKalb County

Location

Listing Courtesy of BHGRE Metro Brokers, Natasha Atkinson
Add your commute

Building Information for 4059 Rainbow Drive

Building Size-Lot Size2.00 AC

Payment Calculator

$1,573 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,501

Property Taxes

$72

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4059 Rainbow Drive

Summary
Location and General Information
  • Community Features: None
  • Directions: From Atlanta-I-20E to Exit 68. Right onto Wesley Chapel Rd. Right onto Rainbow Dr. Pass the 1st red light (Kelly Chapel Rd). Lot is on the left...
  • Lake Name: None
  • View: Other
  • Coordinates: -84.225161, 33.706248
Taxes and HOA Information
  • Parcel Number: 15 125 05 016
  • Tax Year: 2023
  • Association: No
  • Block: 0
  • Tax Legal Description: 123 X 250 X 5 X 466 X 130 X 669 . . . . . . 1.98AC 10-4-04
  • Tax Lot: 0
School Information
  • School Bus Route Elem: No
  • School Bus Route High: No
  • School Bus Route Middle: Yes
  • Elementary School: Rainbow
  • High School: Southwest Dekalb
  • Middle School: Columbia - Dekalb
Interior and Exterior Features
Interior Features
  • Other Equipment: None
  • Timber: Pine
  • Total Half Baths: 0
  • Bathrooms Total Interger: 0
  • Bathrooms Total Decimal: .00
Exterior Features
  • Fencing: None
  • Horse Amenities: None
  • Road Surface Type: None
  • Security Features: None
  • Pool Private: No
  • Road Frontage Type: Other
  • Other Structures: None
Property
Utilities
  • Utilities: None
Property and Assessments
  • Home Warranty: No
  • Plat Book: 0
  • Plat Page: 0
  • Current Use: Vacant
  • Possible Use: Commercial
Lot Information
  • Section/GMD: 0
  • HabitableResidenceYN: No
  • Land lot: 0
  • Lot Features: Level
  • Acreage Source: Public Records
  • Vegetation: Wooded
  • Current Zoning: r100

Public Records for 4059 Rainbow Drive

Taxable ValueLand$19,800Additions-Total$19,800
Tax Record2023$867 ($72 / month)
Home Facts
Beds0Total Finished SqFt2,169 SqFtAbove Grade Finished SqFt2,169 SqFtStories1Lot Size86,249 SqFtStyleResidentialZoningXCountyDEKALBAPN15 125 05 016

Schools near 4059 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 5
Rating
School
Distance
Rainbow Elementary School
PublicPK to 5

Chapel Hill Middle School
Public6 to 8

Southwest Dekalb High School
Public9 to 12

Edward L. Bouie- Sr. 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.

Similar Homes

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Similar Sold Homes

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4059 Rainbow Drive is a 2 ac of land for sale in Decatur, GA 30034. This property was listed for sale on May 1, 2024 by BHGRE Metro Brokers, it's currently listed at $275,000. This listing's school district is Dekalb County School District. Nearby schools include Rainbow Elementary School, Chapel Hill Middle School and Southwest Dekalb High School. 4059 Rainbow Drive is a 0-bed, 0-bath, 2 ac of land on a 87,120 sq. ft. / 2 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of BHGRE Metro Brokers, Natasha Atkinson

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.