2981 S Rainbow Dr is a 832 square foot house on a 0.38 acre lot with 1 bathroom. - it last sold on February 03, 2009 for $90,000. Based on Redfin's Decatur data, we estimate the home's value is $141,588.
Single-familyProperty Type
1946Year Built
0.38 acresLot Size
$170Est. Price/Sq.Ft.
Source:Public Records
Redfin Estimate
$141,588
$52K since sold in February 2009$0 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 44.2% lower than the average sale price ($254K) of 6 comparable homes.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
C-1
I2T1
Local Commercial District
The purpose and intent of the board of commissioners in establishing the C-1 (Local Commercial) District is as follows: To provide convenient local retail shopping and service areas within the county for all residents; To provide for auto-oriented needs outside of the Neighborhood Center, Town Center and Regional Center character areas, but to focus on the pedestrian oriented development within these districts; To provide for quality control in development through materials and building placement; To assure that the uses authorized within the C-1 (Local Commercial) District are those uses which are designed to serve the convenience shopping and service needs of groups of neighborhoods; To implement the future development map of the county's most current comprehensive plan.
Zone overlays
I-20 Overlay District Tier 1
Permitted uses
Include but are not limited to:
Gas station
Convenience store
General retail
Retail-Grocery
Restaurant
Housing-Senior
Hotel / motel
Mixed use
Office
Shopping centers
Property details
Interior
Bathroom Information
# of Full Baths: 1
Exterior
Exterior Information
Physical Condition: Average
Building Style Type: Ranch
Building Construction Quality: Average
Exterior Wall: Frame
Roof Shape Type: Gable
Building Type: Ranch
Property Information
Living Sq. Ft: 832
Adjusted Gross Sq. Ft: 832
Ground Floor Sq. Ft: 832
Building Sq. Ft: 1,664
# of Stories: 1
Stories Type: 1
Legal Description: BEG PT FOUND INTERSECTION WLY S FAIRLAKE DR 30 FT M/W SLY S/S RAINBOW DR
Lot Information
# of Buildings: 1
Land Sq. Ft: 16,553
Legal Lot Number: 9
Legal Block Number: 6
Municipality Name: TAD #5 SOUTHWEST DEKALB
Acres: 0.38
Zoning Code: C1
County Use Description: RESIDENTIAL
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: —
Baths: 1.0
Sq. Ft.: 832
Stories: 1.0
Lot Size: 0.38 acres
Style: Single Family Residential
Year Built: 1946
Year Renovated: —
County: DeKalb County
APN: 15 121 06 009
Home facts updated by county records on Jan 14, 2026
Around this home
Schools
Flat Shoals Elementary School
Public PreK-5 • Assigned • 0.9mi
2/10
McNair Middle School
Public 6-8 • Assigned • 1.9mi
3/10
Mcnair High School
Public 9-12 • Assigned • 3.3mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
DeKalb County offers diverse lifestyles, from established communities like Decatur and Avondale Estates to suburban neighborhoods throughout North and East DeKalb. Known for its culture, dining, green spaces, and MARTA access, DeKalb attracts buyers...