It's the LAND on this one! Discover timeless charm and endless potential with this estate-owned 4-sided brick ranch, nestled on a sprawling 3.66-acre lot in the heart of Decatur. This solid, well-built home offers a rare opportunity to own a private retreat with room to expand, renovate, or redevelop. This classic Mid-century Modern ranch-style residence features 3 bedrooms and 2 bathrooms, a full daylight basement, and original hardwood floors throughout most of the main level. The spacious living room is filled with natural light, while the vintage kitchen and separate dining area provide the perfect canvas for your personal touch. Enjoy peaceful mornings on the rear patio overlooking the expansive backyard, surrounded by mature trees and open green space. The full unfinished basement offers ample storage, workshop space, or potential for additional living areas or rental income. With endless possibilities, this property is ideal for homeowners, investors, or developers looking for acreage in a rapidly growing area. Located just minutes from I-285, downtown Decatur, East Atlanta, and major retail and dining, this home offers both convenience and privacy. This property is part of an Estate sale and is sold as-is. Don’t miss this unique opportunity to own acreage in Decatur with solid bones and so much potential! The seller is happy to sell any furniture currently in the home. You do not want to miss this opportunity.
Single-familyProperty Type
1955Year Built
3.66 acresLot Size
$206Est. Price/Sq.Ft.
2 garage spacesParking
Listed by Ashley Mandowa Mora• Mandowa and Company
Bought with Latoya Winfrey• Core Realty and Associates, LLC
Source:FMLS #7628003
Redfin Estimate
$355,131
$3,869 since sold in September 2025$6,000 since July
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 29.3% higher than the average sale price ($275K) of 5 comparable homes.
It's the LAND on this one! Discover timeless charm and endless potential with this estate-owned 4-sided brick ranch, nestled on a sprawling 3.66-acre lot in the heart of Decatur. This solid, well-built home offers a rare opportunity to own a private retreat with room to expand, renovate, or redevelop. This classic Mid-century Modern ranch-style residence features 3 bedrooms and 2 bathrooms, a full daylight basement, and original hardwood floors throughout most of the main level. The spacious living room is filled with natural light, while the vintage kitchen and separate dining area provide the perfect canvas for your personal touch. Enjoy peaceful mornings on the rear patio overlooking the expansive backyard, surrounded by mature trees and open green space. The full unfinished basement offers ample storage, workshop space, or potential for additional living areas or rental income. With endless possibilities, this property is ideal for homeowners, investors, or developers looking for acreage in a rapidly growing area. Located just minutes from I-285, downtown Decatur, East Atlanta, and major retail and dining, this home offers both convenience and privacy. This property is part of an Estate sale and is sold as-is. Don't miss this unique opportunity to own acreage in Decatur with solid bones and so much potential! The seller is happy to sell any furniture currently in the home. You do not want to miss this opportunity.
Year
Property tax
Land + Additions
Assessment*
2025
$4,748 (+568.7%)
$12,640 + $84,480
$97,120
2024
$710 (+53.5%)
$12,640 + $84,480
$97,120
2023
$463 (−24.2%)
$12,640 + $84,200
$96,840
2022
$610
$12,520 + $48,560
$61,080
2021
$610
$12,520 + $33,480
$46,000
2020
$611 (+1.4%)
$12,520 + $33,480
$46,000
2019
$602 (+0.6%)
$12,520 + $23,200
$35,720
2018
$599 (−4.4%)
$12,520 + $26,160
$38,680
2017
$626 (+0.5%)
$12,520 + $26,160
$38,680
2016
$623 (+43.9%)
$12,520 + $22,240
$34,760
2014
$433 (+1.2%)
$12,520 + $23,080
$35,600
2013
$428 (−1.6%)
$12,480 + $5,640
$18,120
2012
$435 (−9.1%)
$12,480 + $5,640
$18,120
2011
$478 (−29.8%)
$12,800 + $8,128
$20,928
2010
$681 (+14.1%)
$12,789 + $35,411
$48,200
2008
$597
Tax history for 3997 Rainbow Dr
Year
Property tax
Land + Additions
Assessment*
2025
$4,748 (+568.7%)
$12,640 + $84,480
$97,120
2024
$710 (+53.5%)
$12,640 + $84,480
$97,120
2023
$463 (−24.2%)
$12,640 + $84,200
$96,840
2022
$610
$12,520 + $48,560
$61,080
2021
$610
$12,520 + $33,480
$46,000
2020
$611 (+1.4%)
$12,520 + $33,480
$46,000
2019
$602 (+0.6%)
$12,520 + $23,200
$35,720
2018
$599 (−4.4%)
$12,520 + $26,160
$38,680
2017
$626 (+0.5%)
$12,520 + $26,160
$38,680
2016
$623 (+43.9%)
$12,520 + $22,240
$34,760
2014
$433 (+1.2%)
$12,520 + $23,080
$35,600
2013
$428 (−1.6%)
$12,480 + $5,640
$18,120
2012
$435 (−9.1%)
$12,480 + $5,640
$18,120
2011
$478 (−29.8%)
$12,800 + $8,128
$20,928
2010
$681 (+14.1%)
$12,789 + $35,411
$48,200
2008
$597
*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
3
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
3.66 Acres
Year renovated
1993
Sq. Ft.
1,384
Year built
1955
Style
Single Family Residential
County
DeKalb County
APN
15 125 05 013
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Apr 1, 2026.
R-100
Residential Medium Lot-100 District
The purpose and intent of the board of commissioners in establishing the R-100 (Residential Medium Lot-100) District is as follows: To provide for the protection of neighborhoods within the county where lots have a minimum area of fifteen 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-100 (Residential Medium Lot-100) 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; and To implement the future development map of the county's most current comprehensive plan.
Bedroom Features: Master on Main,Oversized Master,Other
Interior Features
# of Fireplaces: 1
Interior Features: Other
Common Walls: No Common Walls
Appliances: Electric Oven, Electric Range, Other
Flooring: Hardwood, Vinyl
Room Information
LaundryFeatures: Other
Kitchen Features: Cabinets White,Eat-in Kitchen,Other Surface Counters,View to Family Room
Dining Room Features: Separate Dining Room
Basement: Exterior Entry, Full
Exterior
Property Information
Levels: Two
AccessibilityFeatures: Accessible Bedroom
Construction Materials: Brick 4 Sides
Exterior Features: Courtyard
Roof: Shingle
Fencing: Back Yard
Property Condition: Resale
Foundation Details: Slab
Other Structures: Garage(s)
Lot Information
TaxLegalDescription: 1512505013
Financial
Financial Information
Buyer Financing: Conventional
Utilities
Utility Information
Cooling: Other
Heating: Other
Water Source: Public
Sewer: Septic Tank
Utilities: Electricity Available, Water Available, Other
Location
School Information
Elementary School: Rainbow
Middle Or Junior School: Chapel Hill - Dekalb
High School: Southwest Dekalb
Location Information
Directions: GPS Friendly!
Road Surface Type: Paved
Road Frontage Type: City Street, Other
Dekalb - GA
Public facts
Beds: 3
Baths: 1.0
Sq. Ft.: 1,384
Stories: 1.0
Lot Size: 3.66 acres
Style: Single Family Residential
Year Built: 1955
Year Renovated: 1993
County: DeKalb County
APN: 15 125 05 013
Home facts updated by county records on Apr 1, 2026
Around this home
Schools
Rainbow Elementary School
Public PreK-5 • Assigned • 0.2mi
4/10
Chapel Hill Middle School
Public 6-8 • Assigned • 2.0mi
4/10
Southwest Dekalb High School
Public 9-12 • Assigned • 0.4mi
4/10
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...