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2327 Rainbow Drive

2327 Rainbow Drive, Gadsden, AL 35901
Property in Etowah
2327 Rainbow Drive in Gadsden, AL was first built in 1940 and is 84 years old. This has been categorized as a office property type. It is a single story home. There is a 1 partial bathroom. 2327 Rainbow Drive has 1,512 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 6,147 square feet.

Learn more about the property and building on this page. The home has a gable or hip style roof made of metal. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The condition of the building has been evaluated as poor. The exterior walls of the home are made of brick. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Dec 15, 2017 for $200,000. That's $130.12 per sqft. 2327 Rainbow Drive was last assessed in 2023. The total value of the property was assessed at $31,280. Specifically, the land the property is located on was valued at $8,000. While improvements on the property were assessed at a total of $23,280. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $1,533. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Total Rooms: 4
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: Poor
  • Construction Type: Wood
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Floor Cover: Ceramic
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,147
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,537
  • Building Area: 1,537
  • Building Area Measurement: Adjusted Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,512
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Office
  • Subdivision: HERZBERG PLACE
  • Land Acres: 0.141
  • Standard Land Use Code: Office bldg (general)
  • Legal Description 1: H/S BASE YEAR LT 1 HERZBERG PLACE PLAT A-285 & PT LT 2 BLK 1 J C SIZEMORE SUB PLAT D-231 GADSDEN 21-12-6

Ownership

  • Current Owner : REX BROOKE PROPERTIES LLC
  • Previous Owner : HENDON JAKE T
  • Previous Owner 2: HAMES THOMAS HAL
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Gadsden City School District
  • Census Tract: 001100

Geography

  • Account Number: 226210
  • Parcel: 15-05-21-3-000-164.000
  • Lot: 1-2
  • Meridian: SEC 21 TWN 12S RNG 6E
  • Municipality: GADSDEN
  • Latitude: 33.9695
  • Longitude: -86.0218

    Address

  • Full Address: 2327 Rainbow Dr
  • Address - House Number: 2327
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Dr
  • State: AL
  • City Name: Gadsden
  • Carrier Code: C003
  • 4-Digit Zip Code: 5517
  • Zip Code: 35901

Valuation

    Tax

  • Total Area: 1,537
  • Tax Year: 2023
  • Tax Amount: $1,533
  • Tax Rate Code Area: 13

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $160,000
  • First Open Lien Mortgage Lender: PEOPLES BANK OF ALA
  • First Open Lien Mortgage Recording Date: Dec 21, 2017
  • First Open Lien Mortgage Loan Amount: $160,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Market Valuation

  • Market Total Value: $156,400
  • Market Land Value: $40,000
  • Market Improvement Value: $116,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $31,280
  • Assessed Land Value: $8,000
  • Assessed Improvements Value: $23,280

    Sales

  • Current Sale Contract Date: Dec 15, 2017
  • Current Sale Recording Date: Dec 21, 2017
  • Current Sale Transaction ID: 11341224810
  • Current Sale Price: $200,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 3460772

    Last Sale Mortgage

  • First Mortgage Lender: PEOPLES BANK OF ALA
  • First Mortgage Transaction Date: Dec 21, 2017
  • First Mortgage Loan Amount: $160,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

About Gadsden



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Frequently Asked Questions

What neighborhood is 2327 Rainbow Drive located in?
The 2327 Rainbow Drive is a located in the neighborhood of Etowah in Gadsden, Gadsden.
What is the average sales price for listings in 2327 Rainbow Drive?
The average sales price for units in 2327 Rainbow Drive is $0 currently.

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