2 months on rocket

Backup Offers

4348 Rainbow Rd, Montgomery, AL, 36116

$122,500

Home List Price

$1,455*

Closing Credit

3 Bedrooms
2 Full Baths
1,590 SqFt
$77/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

4348 Rainbow Rd, Montgomery$122,500

Buyer Closing Credits

$1,455*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingAttached Carport
Year Built1962
HeatingCentral, Natural Gas
CoolingCentral Air, Electric
FireplaceOne, Gas Starter, Masonry
MLS #563932
Lot Size0.37 Acres
StatusAccepting Backup Offers
(Contingent)

About 4348 Rainbow Rd

Are you looking for a just renovated 3 bedroom 2 bath with a formal/dining room and large great room with cozy fireplace and hard wood flooring? The spacious kitchen offers plenty of cabinets and counter spaces as well as a breakfast bar that accommodates seating. Can you imagine all your lovely furniture on these beautiful hard wood floors and setting on your covered front porch enjoying the sunset? If so welcome to your new home, Did I mention the home is move in ready? This one won't last long. For showing call your favorite Realtor. This is an equitable interest listing where seller is selling only an option contract or assigning an interest in a contract, such as a purchase and sale agreement or a contract for deed. In this situation, the seller does not have legal title to the property, but the equitable interest gives seller the right to acquire legal title.

Property Details

Property Features

Property Information:

  • Architectural Style: One Story
  • Year Built: 1962
  • Stories: 1
  • Living Area: 1,590 SqFt

Listing Office:

  • Office Name: Wallace RPM
  • Office Phone: (331) 301-3010
  • Listing Agent: Sarah Rose Wallace

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Gas Water Heater, Refrigerator, Cooktop
  • Flooring Type: Laminate, Wood
  • Interior: Attic, Tray Ceiling(s), Window Treatments
  • Fireplace: One, Gas Starter, Masonry

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Porch, Patio, Storage

Parking Information:

  • Parking: Attached Carport

Lot Features

Lot Information:

  • Lot: City Lot, Corner Lot, Trees
  • Lot Size: 0.37 Acres

Utilities

Utilities Information:

  • Heating: Central, Natural Gas
  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: West on Southern Boulevard, take a left Norman Bridge Road. Left on Russell, left on Coral Lane and left on Wright. House is on the corner of Wright and Rainbow.

Price Information

Listing Price Info

Price Summary:

  • List Price: $122,500
  • Price Per SqFt: $77/SqFt

Tax Information:

  • Annual Amount: $563
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Montgomery, AL

City

Med. Sold Price

$180K

Med. Price/SqFt

$103

Avg. Days On Market

74

# of Sold Homes

168

4348 Rainbow Rd vs Montgomery

84 DAYS ON ROCKET

+10 Days

$122,500

-$57.5K Less

$77/SqFt

-$26 Less

KEY TAKEAWAY

This property is $57.5K less than the Median Sold Price and $26/SqFt less than other homes in Montgomery, AL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MAAOR
  • MLS Number: #563932

Listing Office:

  • Office Name: Wallace RPM
  • Office Phone: (331) 301-3010
  • Listing Agent: Sarah Rose Wallace

IDX Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. Equal Housing
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 10:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 09, 2009Home Sold
$91,000

Tax History

YEARPROP. TAXASSESSMENT
2020$563$15,200
2019$554$15,200
2018$555$15,200
2017$526$14,420

History based on county public records data.

Payment Calculator

$679

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$434

Powered By

Rocket Mortgage

Advertisement

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-111113
1
/10

  • Johnson Elementary School

  • 4550 Narrow Lane Rd

  • 0.66 miles

  • Public District Grades KG-5

school-card-donut-111114
10
/10

  • Bear Exploration Center

  • 2525 Churchill Dr

  • 1.85 miles

  • Public Magnet Grades KG-5

school-card-donut-111115
1
/10

  • Davis Elementary School

  • 3605 Rosa Parks Dr

  • 1.96 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 $41,515. Typical income of Montgomery, AL residents is between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Montgomery, AL

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Montgomery, AL.

Montgomery's housing market offers a diverse array of options, with single-family homes being particularly prevalent. Architectural styles in the area range from historic antebellum homes to contemporary constructions, reflecting the city's rich history and modern growth. The market is characterized by a mix of older homes dating back to the early 20th century, alongside newer developments that have expanded the city's residential landscape. The homeownership rate in Montgomery is robust, with a significant portion of residents investing in their own homes, while a competitive rental market caters to those preferring to rent.

What is it like to live in Montgomery, AL?

Montgomery prides itself on its deep historical roots and vibrant cultural scene. The city is celebrated for its significant role in the civil rights movement, with landmarks and museums commemorating this pivotal period in American history. The community enjoys a variety of annual events and festivals that showcase local arts, music, and cuisine, contributing to a strong sense of identity and pride among residents.

Is it easy to get around Montgomery, AL without a car?

The community is served by a comprehensive network of services, including numerous public and private schools that offer a range of educational programs. Montgomery is home to several higher education institutions, adding to the educational depth of the city. Healthcare is well-facilitated, with major hospitals providing a spectrum of services from emergency care to specialized treatments. The city's public library system is extensive, supporting lifelong learning and community engagement. Retail and dining options abound, with an emphasis on local flavors and products, reflecting the city's Southern charm and culinary heritage.

Transportation in Montgomery, AL.

Montgomery's transportation infrastructure supports both private and public transit options. The city's bus system, known as The M, operates across multiple routes, facilitating access to key areas within the city. Ride-sharing services are readily available, providing convenient alternatives to traditional transit. While the city is designed to accommodate vehicle traffic, efforts have been made to improve walkability in certain districts, particularly in the downtown area. Major highways, such as Interstate 65 and Interstate 85, intersect in Montgomery, making it a hub for regional travel and commerce.

Frequently Asked Questions About 4348 Rainbow Rd

What is the listing price of this property?

The listing price of 4348 Rainbow Rd property is $122,500.

What type of property is this?

The property 4348 Rainbow Rd is a house located in Montgomery, Alabama, 36116.

Is this property for sale now?

Accepting Backup Offers: 4348 Rainbow Rd is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $563 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 9, 2009 for $91,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 4348 Rainbow Rd has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 4348 Rainbow Rd is 1,590 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4348 Rainbow Rd is 1962.

Rocket Homes›Alabama›Montgomery County›Montgomery›36116›4348 Rainbow Rd

This home is located at 4348 Rainbow Rd in Montgomery, AL and zip code 36116. This 1,590 square foot home, which was built in 1962, sits on a 0.37 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $122,500.

Montgomery, AL housing market in November 2024 saw over 23 listings sold above listed price, more than 50 sold at listed price and over 95 sold below. The number of homes for sale in Montgomery, AL decreased by 0.2% between October 2024 and November 2024. In November 2024, listings were on the market for 74 days. During the same period, the median list price in this real estate market was $180,000.

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

More Resources