BEHOLD this rare opportunity to purchase a seasoned PadSplit coliving home with optional turnkey management. This fully occupied rental is conveniently located minutes from major employers, including Hartsfield-Jackson International Airport. Its proximity to I-20 / I-285 ensures superb connectivity for its occupants. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit is a workforce housing solution that not only helps members save money and live closer to work but provides a great investment for its owner. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Sold with an optional top-rated Superhost who coordinates cleaning and repairs, this property is ideal for any investor, regardless of their capacity. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. Part of a portfolio, contact the listing agent if you are interested in purchasing multiple properties with a similar setup. OFFER REQUIREMENTS: Property sold as-is, do all due diligence before submitting an offer, $7,500 EM, the closing attorney must be the Fryer Law Firm
Closed
$255,000
3646 Rainbow Dr, Decatur, GA 30034
10beds
2,497sqft
Single Family Residence, Residential
Built in 1967
0.4 Acres Lot
$316,100 Zestimate®
$102/sqft
$2,671 Estimated rent
Home value
$316,100
$278,000 - $351,000
$2,671/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: April 12, 2024 at 11:30pm
Listing Provided by:
Josh Stanton,
Keller Williams Realty Metro Atlanta 404-564-5560
Bought with:
Brandon Beamer, 421708
Keller Williams Realty Metro Atlanta
Source: FMLS GA,MLS#: 7349389
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 3
- Main level bedrooms: 7
Primary bedroom
- Features: Other
- Level: Other
Bedroom
- Features: Other
Primary bathroom
- Features: Shower Only
Dining room
- Features: None
Kitchen
- Features: Cabinets Stain, Stone Counters
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Electric Cooktop, Electric Oven, Microwave, Refrigerator
- Laundry: In Basement
Features
- Other
- Flooring: Ceramic Tile, Hardwood
- Windows: None
- Basement: Finished
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,497
- Total interior livable area: 2,497 sqft
- Finished area above ground: 2,497
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Driveway, Garage
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Patio
- Exterior features: None, No Dock
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Other
- Waterfront features: None
- Body of water: None
Lot
- Size: 0.40 Acres
- Dimensions: 100x172x98x146
- Features: Back Yard, Front Yard
Details
- Additional structures: None
- Parcel number: 15 124 03 005
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence, Residential
Materials
- Brick 4 Sides
- Foundation: Brick/Mortar
- Roof: Composition,Shingle
Condition
- Resale
- New construction: No
- Year built: 1967
Utilities & green energy
- Electric: 110 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & neighborhood
Security
- Security features: None
Community
- Community features: None
Location
- Region: Decatur
- Subdivision: Kings Park
HOA & financial
HOA
- Has HOA: No
Other
Other facts
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Road surface type: Asphalt
Price history
| Date | Event | Price |
|---|---|---|
| 4/11/2024 | Sold | $255,000$102/sqft |
Source:  FMLS GA #7349389 | ||
| 3/12/2024 | Pending sale | $255,000$102/sqft |
Source:  GAMLS #10263437 | ||
| 3/7/2024 | Listed for sale | $255,000+15.4%$102/sqft |
Source: GAMLS #10263437 | ||
| 5/20/2021 | Sold | $221,000+22.8%$89/sqft |
Source:  GAMLS #8967904 | ||
| 5/1/2021 | Pending sale | $180,000$72/sqft |
Source: GAMLS #8967904 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,400 +3.1% | $113,000 +2.4% |
| 2023 | $5,235 +51.7% | $110,400 +56.4% |
| 2022 | $3,452 | $70,600 |
Find assessor info on the county website
Neighborhood: 30034
Nearby schools
GreatSchools rating
- 4/10Columbia Elementary SchoolGrades: PK-5Distance: 1.2 mi
- 3/10Columbia Middle SchoolGrades: 6-8Distance: 1.1 mi
- 2/10Columbia High SchoolGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Rainbow
- Middle: Chapel Hill - Dekalb
- High: Southwest Dekalb
Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$316,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$316,100