NOT LISTED FOR SALE

3646 Rainbow Dr Decatur, GA 30034

Southwest DeKalb Neighborhood

Estimated Value: $258,000 - $326,000

10 Beds
4 Baths
2,497 Sq Ft
$114/Sq Ft Est. Value

Last Sold April 11, 2024

Last sale price $255,000 $102 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,973/month

5 Days on Market

Highlights

  • 2-Story Property
  • Solid Surface Countertops
  • Patio
  • Wood Flooring
  • No HOA
  • Four Sided Brick Exterior Elevation

About This Home

As of April 2024

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

Last Agent to Sell the Property

Josh Stanton

Keller Williams Realty License #379772 Listed on: 03/07/2024

Keller Williams Realty

Last Buyer's Agent

Brandon Beamer

Keller Williams Realty License #421708

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,235

Year Built

  • Built in 1967

Lot Details

  • 0.4

Home Design

  • 2-Story Property
  • Composition Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 2,497 Sq Ft Home
  • Finished Basement
  • Laundry in Basement

Kitchen

  • Microwave
  • Solid Surface Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

Parking

  • Garage
  • Off-Street Parking

Schools

  • Rainbow Elementary School
  • Chapel Hill Middle School
  • Southwest Dekalb High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Additional Features

  • Patio
  • 0.4 Acre Lot

Community Details

  • No Home Owners Association
  • Kings Park Subdivision

Listing and Financial Details

  • Legal Lot and Block 5 / A

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,235

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1967
  • ArchitecturalStyle: Brick 4 Side, Ranch
  • Financing Type: Conventional
  • Levels: Two
  • Lot Size Acres: .40
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 2497
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Microwave, Refrigerator
  • Bedrooms: 10
  • Basement: Finished
  • Total Finished Sq Ft: 2497
  • Above Grade Finished Sq Ft: 2497
  • Interior Amenities: Other
  • Full Bathrooms: 4
  • Flooring: Hardwood, Tile
  • Kitchen Features: Solid Surface Counters

Beds/Baths

  • Lower Level Full Bathrooms: 1
  • Main Level Full Bathrooms: 3
  • Bedroom Lower Level: 3
  • Bedroom Main Level: 7

Exterior Features

  • Common Walls: No Common Walls
  • Construction Materials: Brick
  • Lot Features: Other
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition

Garage/Parking

  • Parking Features: Garage, Off Street

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: In Basement
  • Sewer: Public Sewer
  • Utilities: Sewer Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Rainbow
  • High School: Southwest Dekalb
  • High School Bus: Yes
  • Middle School: Chapel Hill
  • Middle School Bus: Yes

Lot Info

  • Land Lot: 124
  • Lot: 5

Tax Info

  • Year: 2023
  • Tax Annual Amount: 5235

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2024
Closed on
Apr 11, 2024
Sold by
Psatl44 3646 Rainbow Dr Llc
Bought by
Kitacfical Llc
Seller's Agent
Josh Stanton
Keller Williams Realty
Buyer's Agent
Brandon Beamer
Keller Williams Realty
List Price
$255,000
Sold Price
$255,000
Views
199
Current Estimated Value
$283,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,885
Avg. Annual Appreciation
6.72%
Original Mortgage
$204,000
Outstanding Balance
$200,676
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$83,209

Purchase Details

Listed on
Apr 27, 2021
Closed on
May 20, 2021
Sold by
Williams Johnny
Bought by
Psatl44 3646 Rainbow Dr Llc
Seller's Agent
MARILYN TAYLOR
BHGRE Metro Brokers
Buyer's Agent
NON-MLS NMLS
Non FMLS Member
List Price
$180,000
Sold Price
$221,000
Premium/Discount to List
$41,000
22.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.06%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kitacfical Llc $255,000 --
Psatl44 3646 Rainbow Dr Llc $221,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kitacfical Llc $204,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/11/2024 04/11/24 Sold $255,000 0.0% $102 / Sq Ft
03/12/2024 03/12/24 Pending -- -- --
03/07/2024 03/07/24 For Sale $255,000 +15.4% $102 / Sq Ft
05/20/2021 05/20/21 Sold $221,000 +22.8% $138 / Sq Ft View Prior Sale
04/29/2021 04/29/21 Pending -- -- --
04/27/2021 04/27/21 For Sale $180,000 -- $112 / Sq Ft
Source: Georgia MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,755 $121,120 $14,400 $106,720
2024 $5,400 $113,000 $14,400 $98,600
2023 $5,400 $110,400 $18,000 $92,400
2022 $3,452 $70,600 $18,000 $52,600
2021 $3,452 $70,600 $18,000 $52,600
2020 $1,760 $37,720 $6,320 $31,400
2019 $1,378 $41,560 $7,560 $34,000
2018 $1,824 $51,640 $7,560 $44,080
2017 $2,610 $51,200 $7,560 $43,640
2016 $2,188 $41,520 $7,560 $33,960
2014 $878 $22,720 $15,680 $7,040
Source: Public Records

Agents Affiliated with this Home

  • Josh Stanton

    Seller's Agent in 2024

    Josh Stanton

    Keller Williams Realty

    (678) 929-5949

    6 in this area

    239 Total Sales

    Josh Stanton
    Section Image

  • B

    Buyer's Agent in 2024

    Brandon Beamer

    Keller Williams Realty

    (470) 653-9534

    4 in this area

    44 Total Sales

    Brandon Beamer
    Section Image
  • MARILYN TAYLOR

    Seller's Agent in 2021

    MARILYN TAYLOR

    Better Homes and Gardens Real Estate

    (404) 316-7688

    1 in this area

    3 Total Sales

    MARILYN TAYLOR
    Section Image

  • N

    Buyer's Agent in 2021

    NON-MLS NMLS

    Non FMLS Member

See All Agents

Map

Source: Georgia MLS

MLS Number: 10263437

Georgia MLS

APN: 15-124-03-005

Georgia DeKalb County Decatur 30034 Southwest DeKalb

3646 Rainbow Dr, Decatur, GA

Not Listed for Sale

Detached

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