3421 Rainbow Dr, Decatur, GA, 30034
About This Home
Calling all investors and savvy buyers! Don't miss this spacious four-sided brick home with a full basement apartment offering excellent income producing potential. The home features generously sized rooms throughout, tall ceilings, site-finished hardwood floors, and extensive molding that showcase its original craftsmanship. The open kitchen includes an island with a breakfast bar and a bright bay window overlooking the backyard. The oversized primary suite offers a large walk-in closet and a spacious bathroom, while a secondary bedroom features its own private ensuite bath. The finished basement apartment includes two bedrooms, a full kitchen, living area, and full bathroom ideal for rental income, multigenerational living, or guests. The property also offers two separate parking areas with access from different sides of the home, allowing convenient dedicated parking for the basement apartment. This home is ready for updates and repairs but offers solid construction, a versatile floor plan, and exceptional space. With the right vision and improvements, this property presents a fantastic opportunity to build equity or create a strong investment.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1966
Materials
- Roof: Composition
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Architectural style: Brick 4 Side,Ranch,Traditional
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Cooktop,Dishwasher,Gas Water Heater,Microwave,Oven,Stainless Steel Appliance(s)
- Laundry features: Other
Basement
- Has basement: Yes
- Basement: Bath Finished,Daylight,Exterior Entry,Finished,Full,Interior Entry
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
- Main level bathrooms: 4
- Main level bedrooms: 4
Dining Room
- Features: Seats 12+,Separate Room
Features
- Bookcases,Double Vanity,High Ceilings,Master On Main Level,Separate Shower,Tile Bath,Tray Ceiling(s),Vaulted Ceiling(s),Walk-In Closet(s)
- Window features: Double Pane Windows
- Flooring: Carpet,Hardwood,Laminate,Tile
- Number of fireplaces: 1
- Fireplace features: Family Room
- Fireplace: Yes
- Finished area below ground: 1,000
- Finished area above ground: 6,677
- Common walls with other units/homes: No Common Walls
Heating & Cooling
- Heating features: Natural Gas,Zoned
- Cooling features: Ceiling Fan(s),Central Air,Zoned
Interior Area
- Total structure area: 7,677
- Total interior livable area: 7,677 sqft
Kitchen
- Features: Breakfast Area,Breakfast Bar,Breakfast Room,Kitchen Island,Pantry,Solid Surface Counters
Property
Accessibility
- Accessibility features: Accessible Full Bath
Details
- Parcel number: 15 123 02 060
- Special condition: As Is
Features
- Levels: One
- Stories: 1
- Patio & porch: Patio,Porch
- Has spa: Yes
- Spa features: Bath
- Has view: Yes
- View description: City
- Waterbody name: None
- Residential vegetation: Grassed
Lot
- Lot size: 0.57 Acres
- Features: Corner Lot
Parking
- Total spaces: 2
- Parking features: Attached,Garage,Garage Door Opener,Kitchen Level,Side/Rear Entrance
- Has garage: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
No climate risk data available.
How This Home’s Risks Compare
FEMA Declared Disasters Across Georgia Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,351 | $28,212 |
| Home Insurance * | $415 | $4,980 |
| Property Taxes | $218 | $2,616 |
| Electricity | $745 | $8,950 |
| Total | $3,729 | $44,748 |
Income You'd Need if You Spent...
Georgia FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-31 | Listed for sale | $465,000 |
| 1996-03-01 | Sold | $107,000 |
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