2 months on rocket

353 Rainbow Dr, Madison, AL, 35758

$1,150,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
2 Full Baths, 2 Partial
4,468 SqFt
$257/SqFt
House

Location

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353 Rainbow Dr, Madison$1,150,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage-Two Car, Garage-Attached, Carport-Three+ Car, Attached Carport, Workshop in Garage, Garage Door Opener, Garage Faces Side, Circular Driveway, Driveway-Concrete, Parking Pad
HeatingCentral 1
CoolingCentral 1
BasementYes
FireplaceMasonry, One, See Remarks
MLS #21870722
Lot Size2.10 Acres
StatusActive

About 353 Rainbow Dr

Priced BELOW Appraised Value ! Go in with Equity!! This home has too many special and interesting features to list. Great LOCATION, Country living inside Madison City limits only mins from Research Park, and I565, see appraisal in MLS DOCs Walkout Basement features large bonus suite with WI closet, 3/4 bath, full kitchen/dining room with large laundry/dog wash and large open areas for entertaining. The back yard is a Staycation, features Koi pond , watrfalls, Pavilion, Stone Fireplace fully furnished OD kitchen, HEShed/SHEShed, Home was taken down to studs and Completely renovated in 2020 , outdoor living areas completed in 2023. Seller is a licensed Real Estate Broker

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch/1 Story, BsmtRanch, Open Floor Plan, See Remarks
  • Stories: 1
  • Living Area: 4,468 SqFt

Listing Office:

  • Office Name: Zeriss Realty, LLC
  • Office Phone: (256) 288-3144

Interior Features

Interior Information:

  • Basement: Yes
  • Fireplace: Masonry, One, See Remarks

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: Garage-Two Car, Garage-Attached, Carport-Three+ Car, Attached Carport, Workshop in Garage, Garage Door Opener, Garage Faces Side, Circular Driveway, Driveway-Concrete, Parking Pad

Virtual/3D Tour

  • Virtual Tour: 353 Rainbow Dr
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 2.10 Acres

Utilities

Utilities Information:

  • Heating: Central 1
  • Cooling: Central 1

Other

Directions Information:

  • Directions: Hwy 72 West, Just West Of Slaughter/Jeff Rd Intersection, Take South On Rainbow, The Right On Rainbow.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,150,000
  • Price Per SqFt: $257/SqFt

Tax Information:

  • Annual Amount: $1,840
  • Tax Year: 2020
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Housing Market Comparison

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

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Madison, AL

City

Med. Sold Price

$385.4K

Med. Price/SqFt

$170

# of Sold Homes

110

353 Rainbow Dr vs Madison

66 DAYS ON ROCKET

$1,150,000

+$764.5K More

$257/SqFt

+$87 More

KEY TAKEAWAY

This property is $764.5K more than the Median Sold Price and $87/SqFt more than other homes in Madison, AL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #21870722

Listing Office:

  • Office Name: Zeriss Realty, LLC
  • Office Phone: (256) 288-3144

The data relating to ValleyMLS on this Web site derived in part from the VALLEYMLS.COM MLS (VALLEYMLS.COM) IDX datashare program. © 2024 Valley MLS, Inc.

All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/22/2024, 6:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,840$26,500
2019$1,026$20,360
2017$1,012$20,080

History based on county public records data.

Payment Calculator

$5,807

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,514

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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-535778
9
/10

  • Rainbow Elementary School

  • 50 Nance Rd

  • 0.44 miles

  • Public District Grades PK-5

school-card-donut-535779
5
/10

  • Providence Elementary School

  • 10 Chalkstone St NW

  • 1.83 miles

  • Public District Grades PK-5

school-card-donut-535780
9
/10

  • Midtown Elementary School

  • 4976 Wall Triana Hwy

  • 2.45 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $126,705. Typical income of Madison, AL residents is between $100k-200k annually. Residents typically live in married, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 353 Rainbow Dr

What is the listing price of this property?

The listing price of 353 Rainbow Dr property is $1,150,000.

What type of property is this?

The property 353 Rainbow Dr is a house located in Madison, Alabama, 35758.

Is this property for sale now?

Active Listing: 353 Rainbow Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,840 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 353 Rainbow Dr has 4 bedrooms and 2 full and 2 half bathrooms.

What is the square footage of this property?

The property 353 Rainbow Dr is 4,468 SqFt (source: MLS/tax record).

Rocket Homes›Alabama›Madison County›Madison›35758›353 Rainbow Dr

This home is located at 353 Rainbow Dr in Madison, AL and zip code 35758. This 4,468 square foot home sits on a 2.10 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 17, 2024 and is currently priced at $1,150,000.

While more than 17 listings in Madison, AL in October 2024 were sold above asking price, there were more than 27 listings sold at asking price, and more than 65 were sold below. The inventory of homes for sale in Madison, AL between September 2024 and October 2024 increased by 5.4%.

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

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