NOT LISTED FOR SALE

483 Rainbow Dr Madison, AL 35758

Madison Area

Estimated Value: $427,000 - $509,166

4 Beds
2.5 Baths
2,749 Sq Ft
$172/Sq Ft Est. Value

Sale Details

Date Sold: November 9, 2023

Last sale price $375,000 $136 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,801 / mo

6 Days on Market

Highlights

  • 1.92 Acre Lot
  • Contemporary Architecture
  • Sun or Florida Room
  • Discovery Middle School Rated A
  • 2 Fireplaces
  • No HOA

About This Home

As of November 2023

This 2,750 square foot, 4 bedroom 2.5 bath, 2 fireplace, sun room, wet bar with a large 2 car garage. The home is nestled in the trees on 1.92 acres in a great neighborhood with view. This home is being sold as-is, as-is, no repairs by seller. There is tremendous potential for the investor and/or creative homeowner. The sellers have an appraisal for well over listing price, a current home inspection along with structural inspection. Check it out in person where all information is available for your viewing.

Last Agent to Sell the Property

Jim Parker

Averbuch Realty License #27908 Listed on: 09/10/2023

Last Buyer's Agent

Whitney Stringer

RE/MAX Unlimited License #95322

RE/MAX Unlimited

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1979

Lot Details

  • 1.92 Acre Lot
  • Lot Dimensions are 200 x 441 x 199.1 x 452.7

Home Design

  • Contemporary Architecture
  • Tudor Architecture
  • Wood Siding
  • Masonite

Interior Spaces

  • 2,749 Sq Ft Home
  • 2 Fireplaces
  • Entrance Foyer
  • Family Room
  • Breakfast Room
  • Dining Room
  • Sun or Florida Room
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Rainbow Elementary School
  • Discovery Middle School
  • Bob Jones High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association
  • Rainbow Mountain Heights Subdivision

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 1508270004044.000

Home Details

Home Type

Single Family

Year Built

Built in 1979

Lot Details

1.92 Acres

Listing Details

  • Living Area: 2749
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.92
  • Lot Size: 200 x 441 x 199.1 x 452.7
  • Subdivision Name: Rainbow Mountain Heights
  • Architectural Style: Contemporary, Tudor
  • New Construction: No
  • Property Attached Yn: No
  • Year Built: 1979
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Levels: Multi/Split
  • Basement: Crawl Space
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplace Features: Two
  • Fireplaces: 2
  • Fireplace: Yes
  • Dining Room Type: Foyer, Master Bedroom, Bedroom 2, Dining Room, Bedroom 3, Kitchen, Bedroom 4, Family Room, Breakfast, Sun

Exterior Features

  • Construction Type: Fiber Cement, Masonite, Wood

Utilities

  • Heating: Central 1, Electric
  • Cooling: Central 1, Electric
  • Sewer: Septic Tank
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Discovery

Lot Info

  • Parcel Number: 1508270004044.000
  • Lot Size Sq Ft: 83635.2

Green Features

Tax Info

  • Tax Lot: 16

MLS Schools

  • Elementary School: Rainbow Elementary
  • High School: Bob Jones

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2023
Closed on
Nov 9, 2023
Sold by
Bought by
Seller's Agent
Jim Parker
Averbuch Realty
Buyer's Agent
Whitney Stringer
RE/MAX Unlimited
List Price
$371,000
Sold Price
$375,000
Premium/Discount to List
$4,000
1.08%
Views
317
Current Estimated Value
$472,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,042
Avg. Annual Appreciation
8.63%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Madison, AL

  • Genice Rodgers Real Estate Agent - Market Group Real Estate

    Genice Rodgers

    Market Group Real Estate

    (256) 673-4716

    35 Total Sales

    1 in Madison

    $330,000 Price

    Genice Rodgers
     Section Image
  • Baylee Hunsburger Real Estate Agent - BrickDriven Realty

    Baylee Hunsburger

    BrickDriven Realty

    (256) 578-8943

    120 Total Sales

    1 in Madison

    $558,017 Price

    Baylee Hunsburger
     Section Image
  • Lisa Owens Real Estate Agent - Leading Edge Decatur

    Lisa Owens

    Leading Edge Decatur

    (938) 200-9044

    116 Total Sales

    5 in Madison

    $255K - $470K Price Range

    Lisa Owens
     Section Image
  • Christina Shellabarger Real Estate Agent - Real Broker LLC

    Christina Shellabarger

    Real Broker LLC

    (256) 422-0923

    12 Total Sales

    3 in Madison

    $245K - $660K Price Range

    Christina Shellabarger
     Section Image
  • Amberia Rockwell Real Estate Agent - Corder Real Estate

    Amberia Rockwell

    Corder Real Estate

    (904) 990-0385

    84 Total Sales

    2 in Madison

    $371,500 Price Range

    Amberia Rockwell
     Section Image
  • Sandra Lowrey Real Estate Agent - Re/Max Distinctive

    Sandra Lowrey

    Re/Max Distinctive

    (256) 809-0735

    164 Total Sales

    9 in Madison

    $246K - $680K Price Range

    Sandra Lowrey
     Section Image
See All Agents

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$375,000 None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $60,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/13/2026 04/13/26 Off Market $375,000 -- --
11/09/2023 11/09/23 Sold $375,000 +1.1% $136 / Sq Ft
09/17/2023 09/17/23 Pending -- -- --
09/10/2023 09/10/23 For Sale $371,000 -- $135 / Sq Ft
Source: ValleyMLS.com

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,484 $39,620 $4,760 $34,860
2024 $2,484 $37,140 $4,760 $32,380
2023 $2,328 $37,140 $4,760 $32,380
2022 $2,056 $32,820 $4,760 $28,060
2021 $1,925 $30,740 $4,760 $25,980
2020 $1,893 $30,230 $4,250 $25,980
2019 $1,530 $30,230 $4,250 $25,980
2018 $1,503 $29,700 $0 $0
2017 $1,503 $29,700 $0 $0
2016 $1,503 $29,700 $0 $0
2015 $1,503 $29,700 $0 $0
2014 $1,428 $28,440 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jim Parker Real Estate Agent - Averbuch Realty

    Seller's Agent in 2023

    Jim Parker

    Averbuch Realty

    (256) 337-6006

    24 Total Sales

    Jim Parker
    Section Image
  • Whitney Stringer Real Estate Agent - RE/MAX

    Buyer's Agent in 2023

    Whitney Stringer

    RE/MAX

    (256) 617-2619

    62 Total Sales

    Whitney Stringer
    Section Image
See All Agents

Map

Source: ValleyMLS.com

MLS Number: 21843233

ValleyMLS.com

APN: 15-08-27-0-004-044.000

Alabama Madison County Madison 35758

483 Rainbow Dr, Madison, AL

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