See Home Value
DeKalb 30034
3997 Rainbow Drive
Listing Courtesy of: Ashley Mandowa, Mandowa and Company
$359,000
● House - Off Market

3997 Rainbow Drive

Decatur, GA 30034
bedrooms
3 Beds
bathrooms
2 Baths
$1,773
Est. Monthly
6.31%
Cap Rate

About This Property

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.
Unit Size
-
Days on Market
-
Land Size
3.66 acres
Price per sqft
-
Property Type
House
Property Taxes
$59
HOA Dues
-
Year Built
1955

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Last updated: 2 years ago (FMLS #7628003)

Price History

Date / Event Date Event Price
Sep 16, 2025 Sold
Sold
Aug 19, 2025 In contract -
In contract
Aug 13, 2025 Listed by Mandowa and Company $349,000
Listed by Mandowa and Company

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 6
  • Roof Shape Type: 7
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 692
  • Garage Type: 7
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 157,687
  • Total Building Area: 1,384
  • Building Area: 1,384
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,384
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOHNSON H G
  • Land Acres: 0000003620
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: DeKalb County School District
  • Census Tract: 023445

Zoning

  • Zoning: R100

Geography

  • Parcel: 15 125 05 013
  • Municipality: UNINCORPORATED
  • Latitude: 33.707
  • Longitude: -84.2278

    Address

  • Full Address: 3997 Rainbow Dr
  • Address - House Number: 3997
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Decatur
  • Carrier Code: C005
  • 4-Digit Zip Code: 2218
  • Zip Code: 30034

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $46,264
  • Tax Rate Code Area: 04

    Appraisal Valuation

  • Standard Deviation: 0.1608
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 262,938
  • High Value: 305,219
  • Low Value: 220,658

    Market Valuation

  • Market Total Value: $209,800
  • Market Land Value: $31,300
  • Market Improvement Value: $178,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $83,920
  • Assessed Land Value: $12,520
  • Assessed Improvements Value: $71,400

    Exemptions

  • Senior Citizen Exemption : Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About DeKalb


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Frequently Asked Questions

When was property at 3997 Rainbow Drive built and last sold?
The property at 3997 Rainbow Drive was built in 1955 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 3997 Rainbow Drive is $0.
What are some comparable homes to 3997 Rainbow Drive?
There are currently no comparable homes to 3997 Rainbow Drive.