Two Buildable Basement Lots in Decatur -Lots have access to all utilities: Sanitary Sewer Manhole is located at the rear of the property, Electricity and Water are at the street. -These are two land lots with separate addresses. -Land naturally slopes to the rear of the lots, which allows for construction of daylight basements by cutting embankment instead of using backfill. -The size of each lot allows for the construction of a 5,000+ sq. ft. home on each lot with the option to construct an Accessory Dwelling Unit, while maintaining the natural beauty and privacy that is associated with a wooded lot. -Property is located 15 minutes (12 miles) from Downtown Atlanta and 20 minutes (14 miles) from Midtown Atlanta. -GDOT will be constructing a sound barrier along the west side of the property.
Vacant landProperty Type
1.2 acresLot Size
$63,368Price/Acres
Listed by Ralph Harvey• LISTWITHFREEDOM.COM
Bought with Sherya Thomas• Keller Williams Realty Atl Partners
Source:FMLS #7584202
Redfin Estimate
$76,041
$6,041 since sold in October 2025$5,000 since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 74% lower than the average sale price ($293K) of 5 comparable homes.
Two Buildable Basement Lots in Decatur -Lots have access to all utilities: Sanitary Sewer Manhole is located at the rear of the property, Electricity and Water are at the street. -These are two land lots with separate addresses. -Land naturally slopes to the rear of the lots, which allows for construction of daylight basements by cutting embankment instead of using backfill. -The size of each lot allows for the construction of a 5,000+ sq. ft. home on each lot with the option to construct an Accessory Dwelling Unit, while maintaining the natural beauty and privacy that is associated with a wooded lot. -Property is located 15 minutes (12 miles) from Downtown Atlanta and 20 minutes (14 miles) from Midtown Atlanta. -GDOT will be constructing a sound barrier along the west side of the property.
FMLS #7284439
Apr 3, 2024
Listing Removed
—
Nov 27, 2023
Price Changed
$100,000
Oct 3, 2023
Listed
$80,000
GAMLS #10209834
Apr 3, 2024
Listing Removed
—
Nov 27, 2023
Price Changed
$100,000
Oct 3, 2023
Listed
$80,000
FMLS #6664139
Dec 9, 2022
Sold
$37,500
Nov 22, 2022
Contingent
—
Oct 12, 2022
Price Changed
$49,500
Jun 2, 2021
Relisted
—
May 20, 2021
Pending
—
May 11, 2021
Contingent
—
Feb 27, 2021
Price Changed
$50,000
Feb 27, 2021
Price Changed
$5,000
Nov 6, 2020
Price Changed
$55,000
Aug 13, 2020
Price Changed
$59,000
May 31, 2020
Price Changed
$64,000
May 22, 2020
Price Changed
$64,500
Mar 14, 2020
Price Changed
$65,000
Jan 8, 2020
Listed
$70,000
GAMLS #8715997
Dec 9, 2022
Sold
$37,500
Nov 22, 2022
Pending
—
Oct 12, 2022
Price Changed
$49,500
Jun 2, 2021
Relisted
—
May 11, 2021
Pending
—
Feb 27, 2021
Price Changed
$50,000
Nov 6, 2020
Price Changed
$55,000
Aug 13, 2020
Price Changed
$59,000
Jun 1, 2020
Price Changed
$64,000
May 22, 2020
Price Changed
$64,500
Mar 15, 2020
Price Changed
$65,000
Jan 8, 2020
Listed
$70,000
GAMLS #2939579
Aug 23, 2018
Sold
$17,500
Aug 22, 2018
Pending
—
Feb 18, 2018
Price Changed
$19,900
Sep 1, 2017
Relisted
—
Sep 1, 2017
Listing Removed
—
Aug 25, 2016
Price Changed
$16,500
Feb 2, 2015
Relisted
—
Feb 1, 2015
Listing Removed
—
Sep 2, 2013
Relisted
—
Sep 1, 2013
Listing Removed
—
Sep 8, 2010
Listed
$10,800
Public Records
May 10, 1991
Sold
$18,000
Year
Property tax
Land + Additions
Assessment*
2025
$1,291 (+5.9%)
$27,320
2024
$1,218 (+33.0%)
$27,320
2023
$916 (+25.2%)
$25,600
2022
$732
$14,400
2021
$732
$14,400
2020
$732 (+79.8%)
$14,400
2019
$407 (−43.8%)
$7,000
2018
$725 (−0.2%)
$14,200
2017
$726 (−0.1%)
$14,200
2016
$727 (+160.6%)
$14,200
2014
$279 (−0.2%)
$14,200
2013
$280 (−61.4%)
$3,960
2012
$725 (+162.7%)
$16,200
2011
$276 (+6.7%)
$3,960
2010
$259 (+12.2%)
2008
$231
Tax history for 3554 Rainbow Dr
Year
Property tax
Land + Additions
Assessment*
2025
$1,291 (+5.9%)
$27,320
2024
$1,218 (+33.0%)
$27,320
2023
$916 (+25.2%)
$25,600
2022
$732
$14,400
2021
$732
$14,400
2020
$732 (+79.8%)
$14,400
2019
$407 (−43.8%)
$7,000
2018
$725 (−0.2%)
$14,200
2017
$726 (−0.1%)
$14,200
2016
$727 (+160.6%)
$14,200
2014
$279 (−0.2%)
$14,200
2013
$280 (−61.4%)
$3,960
2012
$725 (+162.7%)
$16,200
2011
$276 (+6.7%)
$3,960
2010
$259 (+12.2%)
2008
$231
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
0.63 Acres
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Other
County
DeKalb County
APN
15 123 04 001
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Apr 1, 2026.
R-75
Residential Medium Lot-75 District
The purpose and intent of the board of commissioners in establishing the R-75 (Residential Medium Lot-75) District is as follows: To provide for the protection of neighborhoods within the county where lots have a minimum area of ten thousand square feet; To provide for compatible infill development in neighborhoods; To provide protections for existing development as new subdivisions are created; To provide flexibility in design on the interior of new development while protecting surrounding development; To assure that the uses and structures authorized in the R-75 (Residential Medium Lot-75) District are those uses and structures designed to serve the housing, recreational, educational, religious, and social needs of the neighborhood; To provide for appropriately sized accessible and useable open space in new developments for health, recreational and social opportunities for county residents; To implement the future development map of the county's most current comprehensive plan.
Permitted uses
Include but are not limited to:
Equestrian facility
Livestock production
Garden center
Housing-Single unit
Public service
Golf related
Communications tower
Property details
Interior
Virtual Tour
Exterior
Property Information
Possible Use: Residential
Habitable Residence: No
Land Information
Vegetation: Wooded
Lot Information
TaxLegalDescription: 4 X 138 X 196 X 4 X ... .62 AC WAS 1.2
Financial
Financial Information
Buyer Financing: Cash
Utilities
Utility Information
Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available
Location
School Information
Elementary School: Columbia
Middle Or Junior School: Columbia - Dekalb
High School: Columbia
Location Information
Directions: Head northeast on I-285 E, Take exit 48 for GA-155 toward Flat Shoals Rd/Candler Rd, Use the right 2 lanes to turn right onto GA-155 S S/Flat Shoals Pkwy, Turn left onto Columbia Dr, Turn right onto Rainbow Dr. , Destination will be on the left.
Road Surface Type: Paved
Road Frontage Type: County Road
Dekalb - GA
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 0.63 acres
Style: Other
Year Built: —
Year Renovated: —
County: DeKalb County
APN: 15 123 04 001
Home facts updated by county records on Apr 1, 2026
Around this home
Schools
Columbia Elementary School
Public PreK-5 • Assigned • 1.0mi
4/10
Columbia Middle School
Public 6-8 • Assigned • 1.0mi
3/10
Columbia High School
Public 9-12 • Assigned • 1.3mi
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...