4071 Rainbow Drive

Decatur, GA 30034

$275,000
Price
4
Beds
3
Baths
4,121 Sq. Ft.
$67 / Sq. Ft.
4,121
Sq. Ft.
$67
per Sq. Ft.

Description

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. This is an excellent investment opportunity with no rental restrictions being sold "As is". This home has great potential for increased value. All it needs is work to restore its natural beauty. Prospective buyers are encouraged to perform all necessary inspections and...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. This is an excellent investment opportunity with no rental restrictions being sold "As is". This home has great potential for increased value. All it needs is work to restore its natural beauty. Prospective buyers are encouraged to perform all necessary inspections and evaluations prior to purchase. Seller will not clean out property prior to settlement. Watch your step when viewing the property and use a flashlight - no electricity. Warning! There is unlevel flooring with weak areas in the family room. Property has been unprotected from the weather and the roof has holes in it. Please be careful upon entering at your own risk. Lockbox is located on the back door on the deck. The seller is also selling the adjacent land lot 4059 Rainbow Dr. (MLS#7379289) that can be purchase as a combination. These are two lots with separate addresses.
  1. Listed by Natasha Atkinson • BHGRE Metro Brokers

Property Details for 4071 Rainbow Drive

Subdivision Complex
none
Architectural Style
Traditional
Exterior
Private Yard
Num Of Garage Spaces
2
Parking Features
Driveway, Garage, Garage Faces Side
Property Attached
No
Waterfront Features
None

Location

Listing Courtesy of BHGRE Metro Brokers, Natasha Atkinson
Add your commute
LISTING UPDATED: 05/02/2024 06:08 PM

Property Details for 4071 Rainbow Drive

StatusActive
MLS #7379364
Days on Market13
Taxes$5,523 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1965
Lot Size0.70 AC / 30,492 SF
CountyDeKalb County

Location

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

Building Information for 4071 Rainbow Drive

Stories1Year Built1965Building Size-Lot Size0.70 AC / 30,492 SF

Payment Calculator

$1,961 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,501

Property Taxes

$460

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4071 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). Property is the second house on the left.
  • Lake Name: None
  • View: Other
  • Coordinates: -84.224756, 33.706809
Taxes and HOA Information
  • Parcel Number: 15 125 05 018
  • Tax Year: 2023
  • Master Association Fee: $.00
  • HOA Rent Restrictions: No
  • Association: No
  • Block: 0
  • Tax Legal Description: 118 X 250 X 120 X 250 . . . . . . . . 0.696AC 10-01-04
  • 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: Chapel Hill - Dekalb
Parking
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Cooling: Central Air
  • Heating: Electric
  • Appliances: Dishwasher, Disposal, Double Oven, Electric Cooktop, Electric Oven, Microwave, Range Hood, Refrigerator
  • Basement: Finished
  • Fireplace Features: Family Room
  • # of Fireplaces: 1
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Interior Features: Bookcases, Disappearing Attic Stairs, High Ceilings 10 ft Main
  • Levels/Stories: One
  • Other Equipment: None
  • Window Features: None
  • Bedroom Features: Other
  • Diningroom Features: None
  • Kitchen Features: Eat-in Kitchen
  • Master Bathroom Features: Tub/Shower Combo
  • Foundation: Brick/Mortar, Concrete Perimeter, Slab
  • Main Bedrooms: 4
  • Total Half Baths: 0
  • Bathrooms Total Interger: 3
  • Main Full Baths: 3
  • Additional Rooms: Family Room
  • Bathrooms Total Decimal: 3.00
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Other
  • Fencing: None
  • Horse Amenities: None
  • Patio And Porch Features: Deck, Front Porch
  • Pool Features: None
  • Road Surface Type: Concrete
  • Roof Type: Composition, Shingle, Slate
  • Security Features: None
  • Spa Features: None
  • Laundry Features: Laundry Room
  • Pool Private: No
  • Road Frontage Type: Other
  • Other Structures: Gazebo
Property
Utilities
  • Sewer: Septic Tank
  • Utilities: Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
  • Water Source: Public
  • Electric: None
Property and Assessments
  • Home Warranty: No
  • Plat Book: 0
  • Plat Page: 0
  • Property Condition: Fixer Upper
Green Features
  • Green Energy Efficient: None
  • Green Energy Generation: None
Lot Information
  • Section/GMD: 0
  • Above Grade Finished Area: 2398.0
  • Below Grade Finished Area: 1723.0
  • SqFt Source: Public Records
  • Square Footage: 4121.0
  • Common Walls: No Common Walls
  • Land lot: 0
  • Lot Features: Back Yard, Front Yard
  • Acreage Source: Public Records
  • Lot Size Dimensions: 255 x 120
  • Below Grade Unfinished Area: 191.0
Rental
Rent Information
  • Land Lease: No
  • Occupant Types: Vacant

Public Records for 4071 Rainbow Drive

Taxable ValueLand$12,960Additions$113,160Total$126,120
Tax Record2023$1,209 ($101 / month)
Home Facts
Beds4Baths3Total Finished SqFt4,121 SqFtAbove Grade Finished SqFt2,398 SqFtFinished Basement SqFt1,723 SqFtStories1Lot Size30,318 SqFtStyleSingle Family ResidenceYear Built1965ZoningR100CountyDEKALBAPN15 125 05 018Fireplace TypeHas Fireplace

Schools near 4071 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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4071 Rainbow Drive is a single family home 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. 4071 Rainbow Drive is a 4-bed, 3-bath, 4,121 sqft single family home built in 1965.

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.