new - 2 days on rocket

242 Rainbow Ave S, Rainsville, AL, 35986

$379,900

Home List Price

$4,511*

Closing Credit

3 Bedrooms
2 Full Baths
2,100 SqFt
$181/SqFt
House

Location

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242 Rainbow Ave S, Rainsville$379,900

Buyer Closing Credits

$4,511*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAsphalt, Garage
Attached Garage2 spaces
Year Built1991
HeatingCentral
CoolingCentral Air
MLS #1505221
Lot Size3.50 Acres
StatusActive

About 242 Rainbow Ave S

Welcome on over to your very own Southern sanctuary right here in Rainsville, Alabama! NEW roofs installed June 2024. Picture this: 3.5 acres of wide-open spaces, a large 3-bed, 2-bath home just waiting for you to kick off your boots and relax. Oh, and there's a 2-car garage plus a nifty detached shop for all your tinkering needs. But wait, there's more! You've got this extra structure just over 1400 sq ft, perfect for hosting family reunions or settin' up a sweet little apartment. And get this—it's all just a stone's throw away from everything you could need. Come on down and experience Southern living at its finest! Private Remarks: Last contract fell through at no fault of the seller.

Property Details

Property Features

Property Information:

  • Year Built: 1991
  • Stories: 1
  • Living Area: 2,100 SqFt

Listing Office:

  • Office Name: Real Broker
  • Office Phone: (844) 591-7325

Interior Features

Interior Information:

  • Appliances: Oven, Dishwasher
  • Basement: No
  • Flooring Type: Tile, Wood
  • Interior: Kitchen Island

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Garden, Patio, Porch/Covered

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Asphalt, Garage

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 3.50 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Head NW from the Rainsville red light for 1 mile, turn left onto Rainbow Ave S, house is the second driveway on the right

Price Information

Listing Price Info

Price Summary:

  • List Price: $379,900
  • Price Per SqFt: $181/SqFt
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Housing Market Comparison

See how this home compares to others in Rainsville, AL.

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Rainsville, AL

City

Med. Sold Price

$228K

Med. Price/SqFt

$146

# of Sold Homes

6

242 Rainbow Ave S vs Rainsville

2 DAYS ON ROCKET

$379,900

+$151.9K More

$181/SqFt

+$35 More

KEY TAKEAWAY

This property is $151.9K more than the Median Sold Price and $35/SqFt more than other homes in Rainsville, AL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Chattanooga REALTORS®
  • MLS Number: #1505221

Listing Office:

  • Office Name: Real Broker
  • Office Phone: (844) 591-7325

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2025 Greater Chattanooga Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/6/2025, 9:21:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$1,964

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,205

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-774151
10
/10

  • Wills Valley Elementary School

  • 4111 Williams Ave NE

  • 10.62 miles

  • Public District Grades PK-2

school-card-donut-774152
10
/10

  • Nelson Elementary School

  • 202 Ida Moody Rd

  • 13.60 miles

  • Public District Grades PK-KG

school-card-donut-774153
7
/10

  • Collins Intermediate School

  • 102 Legion Dr

  • 14.33 miles

  • Public District Grades 4-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,671. Typical income of Rainsville, AL residents is less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 242 Rainbow Ave S

What is the listing price of this property?

The listing price of 242 Rainbow Ave S property is $379,900.

What type of property is this?

The property 242 Rainbow Ave S is a house located in Rainsville, Alabama, 35986.

Is this property for sale now?

Active Listing: 242 Rainbow Ave S is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 242 Rainbow Ave S has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 242 Rainbow Ave S is 2,100 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 242 Rainbow Ave S is 1991.

Rocket Homes›Alabama›DeKalb County›Rainsville›35986›242 Rainbow Ave S

This home is located at 242 Rainbow Ave S in Rainsville, AL and zip code 35986. This 2,100 square foot home, which was built in 1991, sits on a 3.50 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 04, 2025 and is currently priced at $379,900.

Over 0 listings were sold over their listed price in December 2024 in Rainsville, AL. In the same period over 3 listings were sold below the listed price and 3 listings were sold for the listed price. The inventory of homes for sale in Rainsville, AL between November 2024 and December 2024 increased by 6.1%.

From Rocket Homes Real Estate and based on county public records data.

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