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Closed
    • $255,000

    3646 Rainbow Dr, Decatur, GA 30034

    10beds
    2,497sqft
    Single Family Residence, Residential
    Built in 1967
    0.4 Acres Lot
    $329,100 Zestimate®
    $102/sqft
    $2,274 Estimated rent

    Home value

    $329,100

    $290,000 - $369,000

    $2,274/mo

    Zestimate® history
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    $1,603/mo

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    $1,603/mo

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    What's special

    BEHOLD this rare opportunity to purchase a seasoned PadSplit coliving home with optional turnkey management. This fully occupied rental is conveniently located minutes from major employers, including Hartsfield-Jackson International Airport. Its proximity to I-20 / I-285 ensures superb connectivity for its occupants. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit is a workforce housing solution that not only helps members save money and live closer to work but provides a great investment for its owner. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Sold with an optional top-rated Superhost who coordinates cleaning and repairs, this property is ideal for any investor, regardless of their capacity. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. Part of a portfolio, contact the listing agent if you are interested in purchasing multiple properties with a similar setup. OFFER REQUIREMENTS: Property sold as-is, do all due diligence before submitting an offer, $7,500 EM, the closing attorney must be the Fryer Law Firm

    Zillow last checked:

    Listing updated:

    Listed by:

    Josh Stanton,

    Keller Williams Realty Metro Atlanta 404-564-5560

    Bought with:

    Brandon Beamer, 421708

    Keller Williams Realty Metro Atlanta

    Source: FMLS GA,MLS#: 7349389MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 4
    • Full bathrooms: 4
    • Main level bathrooms: 3
    • Main level bedrooms: 7
    Rooms
    • Room types: Other
    Primary bedroom
    • Features: Other
    • Level: Other
    Bedroom
    • Features: Other
    Primary bathroom
    • Features: Shower Only
    Dining room
    • Features: None
    Kitchen
    • Features: Cabinets Stain, Stone Counters
    Heating
    • Natural Gas
    Cooling
    • Central Air
    Appliances
    • Included: Electric Cooktop, Electric Oven, Microwave, Refrigerator
    • Laundry: In Basement
    Features
    • Other
    • Flooring: Ceramic Tile, Hardwood
    • Windows: None
    • Basement: Finished
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 2,497
    • Total interior livable area: 2,497 sqft
    • Finished area above ground: 2,497
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Driveway, Garage
    • Garage spaces: 2
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Patio
    • Exterior features: None, No Dock
    • Pool features: None
    • Spa features: None
    • Fencing: None
    • Has view: Yes
    • View description: Other
    • Waterfront features: None
    • Body of water: None
    Lot
    • Size: 0.4 Acres
    • Dimensions: 100x172x98x146
    • Features: Back Yard, Front Yard
    Details
    • Additional structures: None
    • Parcel number: 15 124 03 005
    • Other equipment: None
    • Horse amenities: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence, Residential
    Materials
    • Brick 4 Sides
    • Foundation: Brick/Mortar
    • Roof: Composition,Shingle
    Condition
    • Resale
    • New construction: No
    • Year built: 1967

    Utilities & green energy

    • Electric: 110 Volts
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Sewer Available
    Green energy
    • Energy efficient items: None
    • Energy generation: None

    Community & HOA

    Community
    • Features: None
    • Security: None
    • Subdivision: Kings Park
    HOA
    • Has HOA: No
    Location
    • Region: Decatur

    Financial & listing details

    • Price per square foot: $102/sqft
    • Tax assessed value: $302,800
    • Annual tax amount: $5,235
    • Date on market: 3/7/2024
    • Cumulative days on market: 5 days
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
    • Road surface type: Asphalt

    Price history

    DateEventPrice
    4/11/2024Sold$255,000$102/sqft
    Source: FMLS GA #7349389 Report a problem
    3/12/2024Pending sale$255,000$102/sqft
    Source: GAMLS #10263437 Report a problem
    3/7/2024Listed for sale$255,000+15.4%$102/sqft
    Source: GAMLS #10263437 Report a problem
    5/20/2021Sold$221,000+22.8%$89/sqft
    Source: GAMLS #8967904 Report a problem
    5/1/2021Pending sale$180,000$72/sqft
    Source: GAMLS #8967904 Report a problem
    4/27/2021Listed for sale$180,000$72/sqft
    Source: GAMLS #8967904 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,755 +6.6%$121,120 +7.2%
    2024$5,400 +3.1%$113,000 +2.4%
    2023$5,235 +51.7%$110,400 +56.4%
    2022$3,452 $70,600
    2021$3,452 +71.8%$70,600 +87.2%
    2020$2,009 +45.7%$37,720 -9.2%
    2019$1,378 -19.4%$41,560 -19.5%
    2018$1,710 -34.5%$51,640 +0.9%
    2017$2,610 +19.3%$51,200 +23.3%
    2016$2,188 $41,520 +82.7%
    2014$2,188 $22,720
    2013-- $22,720
    2012-- $22,720 -51.6%
    2011-- $46,896 -14.4%
    2010$1,870 +7.8%$54,800
    2009$1,735 +18.3%$54,800
    2008$1,466 -0.5%$54,800
    2007$1,474 $54,800
    2006$1,474 +4.9%$54,800
    2005$1,405 +20.6%$54,800 +14.9%
    2004$1,165 +19.9%$47,680 +23%
    2003$972 +34%$38,760 +18%
    2002$725 +61.8%$32,840
    2001$448 $32,840
    Find assessor info on the county website

    Neighborhood: 30034

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Rainbow
    • Middle: Chapel Hill - Dekalb
    • High: Southwest Dekalb

    Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $329,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $329,100

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