Undeveloped land lot. Capitalize on the high demand for affordable housing or customize your build from ground up to your exact specifications- as long as you keep within local zoning laws! Beautiful lot with several potential uses. Act now to transform this lot into a lucrative asset! Located within 20 minutes from Downtown Atlanta and Atlanta Hartsfield Airport. Less than one mile from schools, libraries, public transportation, highways, shopping and dining. The lot is currently zoned residential property but with a simple zone change to RSM this lot would be ideal for subdividing into separate lots. Lot is being sold "As Is". No survey is available. The seller is also selling the adjacent property 4071 Rainbow Dr. (MLS#10290843) that can be purchase as a combination. These are two lots with separate addresses. Buyer should not rely on the Realtor's representation about zoning & should verify- investigate the applicable zoning details independently.
Property Details
Property Features
Listing Office:
Office Name: BHGRE Metro Brokers
Listing Agent: Natasha Atkinson
Lot Features
Lot Information:
Lot: Level
Lot Size: 2.00 Acres
School Info
Assigned Schools Information:
Southwest Dekalb High School, Public District Grades 9-12
Chapel Hill Middle School, Public District Grades 6-8
Rainbow Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: From Atlanta-I-20E to Exit 68. Right onto Wesley Chapel Rd. Right onto Rainbow Dr. Pass the 1st red light (Kelly Chapel Rd). Lot is on the left...
Price Information
Listing Price Info
Price Summary:
List Price: $275,000
Tax Information:
Annual Amount: $535
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Decatur, GA.
All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
DMCA Notice Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 6/1/2024, 3:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$535
$12,200
2018
$551
$12,200
2017
$551
$12,200
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Rainbow Elementary School
2801 Kelley Chapel Rd
Distance between this listing and this school0.22 miles
Public District Grades PK-5
Middle School
5
/10
Chapel Hill Middle School
3535 Dogwood Farm Rd
Distance between this listing and this school1.98 miles
Public District Grades 6-8
High School
4
/10
Southwest Dekalb High School
2863 Kelley Chapel Rd
Distance between this listing and this school0.36 miles
Public District Grades 9-12
Assigned Schools
3
/10
Rainbow Elementary School
2801 Kelley Chapel Rd
Distance between this listing and this school0.22 miles
Public District Grades PK-5
Nearby Schools
5
/10
Canby Lane Elementary School
4150 Green Hawk Trl
Distance between this listing and this school1.01 miles
Public District Grades PK-5
3
/10
Bob Mathis Elementary School
3505 Boring Rd
Distance between this listing and this school1.56 miles
Public District Grades PK-5
Assigned Schools
5
/10
Chapel Hill Middle School
3535 Dogwood Farm Rd
Distance between this listing and this school1.98 miles
Public District Grades 6-8
Nearby Schools
4
/10
Columbia Middle School
3001 Columbia Dr
Distance between this listing and this school1.81 miles
Public District Grades 6-8
4
/10
Mary McLeod Bethune Middle School
5200 Covington Hwy
Distance between this listing and this school2.24 miles
Public District Grades 6-8
Assigned Schools
4
/10
Southwest Dekalb High School
2863 Kelley Chapel Rd
Distance between this listing and this school0.36 miles
Public District Grades 9-12
Nearby Schools
2
/10
Columbia High School
2106 Columbia Dr
Distance between this listing and this school2.04 miles
Public District Grades 9-12
2
/10
Towers High School
3919 Brookcrest Cir
Distance between this listing and this school2.80 miles
The neighbors living near this home have an average income of $61,528. Typical income of Decatur, GA residents is between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 4059 Rainbow Dr
What is the listing price of this property?
The listing price of 4059 Rainbow Dr property is $275,000.
What type of property is this?
The property 4059 Rainbow Dr is land located in Decatur, Georgia, 30034.
Is this property for sale now?
Sale Pending: 4059 Rainbow Dr is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.
What are the assigned schools for this property?
The assigned schools for 4059 Rainbow Dr are: Rainbow Elementary School: GreatSchools Rating 3/10Chapel Hill Middle School: GreatSchools Rating 5/10Southwest Dekalb High School: GreatSchools Rating 4/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $535 (source: MLS/based on county public records data).
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This home is located at 4059 Rainbow Dr in Decatur, GA and zip code 30034. This home sits on a 2.00 acre lot. It has been listed on Rocket Homes since May 02, 2024 and is currently priced at $275,000.
While more than 81 listings in Decatur, GA in April 2024 were sold above asking price, there were more than 68 listings sold at asking price, and more than 113 were sold below. The inventory of homes for sale in Decatur, GA between March 2024 and April 2024 increased by 16%. The median list price of listings available in April 2024 was $329,318, while the average time on the real estate market was 30 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from the Georgia MLS © 2024. 
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