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 $2,796 / 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
Not Available
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
8.80%
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

  • Holly Robbins Real Estate Agent - ERA King Real Estate

    Holly Robbins

    ERA King Real Estate

    (256) 827-5031

    46 Total Sales

    8 in Madison

    $255K - $887K Price Range

    Holly Robbins
     Section Image
  • Calisha Alexander Real Estate Agent - Coldwell Banker CK Mann Realty

    Calisha Alexander

    Coldwell Banker CK Mann Realty

    (938) 666-5457

    99 Total Sales

    8 in Madison

    $299K - $941K Price Range

    Calisha Alexander
     Section Image
  • Jennifer Lacasse Real Estate Agent - Forte Realty

    Jennifer Lacasse

    Forte Realty

    (256) 898-0503

    59 Total Sales

    3 in Madison

    $148K - $385K Price Range

    Jennifer Lacasse
     Section Image
  • Jim Davis Real Estate Agent - New South Realtors, LLC

    Jim Davis

    New South Realtors, LLC

    (938) 666-9188

    10 Total Sales

    3 in Madison

    $290K - $589K Price Range

    Jim Davis
     Section Image
  • Mary Leigh Lanser Real Estate Agent - RE/MAX Today

    Mary Leigh Lanser

    Responds Quickly

    RE/MAX Today

    (256) 666-1175

    90 Total Sales

    2 in Madison

    $270K - $690K Price Range

    Mary Leigh Lanser
     Section Image
  • Katie Arvidson Real Estate Agent - DALTON WADE INC

    Katie Arvidson

    Responds Quickly

    DALTON WADE INC

    (860) 846-4732

    35 Total Sales

    4 in Madison

    $223K - $590K Price Range

    Katie Arvidson
     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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