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200 Rainbow Dr; Madison, AL Property Details

200 Rainbow Dr, Madison, AL is a Single Family that was built in 1965. This property is currently Financed and is not for sale. Our records show that 200 Rainbow Dr has 3 bedrooms, and 1 bathroom, and a total of 2,022 square feet. The lot size of 200 Rainbow Dr is 58,501 square feet.

Off market
200 Rainbow Dr Madison, AL 35758
$217,000 Listing Price
3 Beds
1 Baths
2,022 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1965
  • Purchase Price: $217,000
  • Open Loans / Balance: 1 / $178,178
  • Est. Equity / %: $168,822 / 48.65%
  • Gross Yield: 6.176%
  • APN: 15-08-27-0-002-021.000
  • Situs County: Madison
  • Length Of Ownership: 7 years

Rooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full Bathrooms: 1

Structure

  • Building Style: Wood
  • Floor Cover Type: Carpet
  • Stories: 1
  • Exterior Wall Type: Brick
  • Interior Wall Type: Gypsum Board (Drywall, Sheetrock, etc.)
  • Building Condition: Good
  • Roof Type: Gable Or Hip
  • Roof Cover Type: Asphalt

Measurements

  • Total: 2,022/SqFt
  • Lot: 58,501/SqFt
  • Living: 2,022/SqFt
  • Building: 2,022/SqFt
  • Ground: 2,022/SqFt
  • Price Per Square Foot: $107.32

Legal Description

  • Description: LOT 8 BLK 1 RAINBOW MT HGTS 2ND ADD PB 3 PG 12
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Madison County School District
  • Lat / Lon: 34.753235 / -86.72332
  • Subdivision: Rainbow Mountain Heights 2nd A
  • Property Class: Residential
  • County Use Code: 111

Amenities

  • Plus Four: 8775
  • Bathroom Fixtures: 6
  • Cooling: Yes
  • Heating: Forced air unit

Ownership Info

200 Rainbow Dr has no associated ownership info
200 Rainbow Dr has no associated ownership info.

Taxes

200 Rainbow Dr has 10 associated Taxes items

200 Rainbow Dr, Madison, AL pays taxes in Madison County, AL. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $19,320. The APN we've located for 200 Rainbow Dr is 15-08-27-0-002-021.000.

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Taxes
  • Assessed Value:  $19,320
  • Assessed Year:  2025
  • Assessed County:  Madison
  • APN:  15-08-27-0-002-021.000
  • Assessed Land Value:  1940
  • Market Land Value:  19300
  • Tax Amount:  651.36
  • Tax Year:  2025
  • Market Value:  193100
  • Market Year:  2025

Tax History

200 Rainbow Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $19,320 Land Value $1,940 Improvement Value $17,380 Tax Amount $651.36 Change Rate +0.074674% Assessed CR Tax Rate +0.033714%
Year 2024 Assessed Value $18,080 Land Value $1,940 Improvement Value $16,140 Tax Amount $606.1 Change Rate Assessed CR Tax Rate +0.033523%
Year 2023 Assessed Value $18,080 Land Value $1,940 Improvement Value $16,140 Tax Amount $606.1 Change Rate +0.147938% Assessed CR Tax Rate +0.033523%
Year 2022 Assessed Value $15,940 Land Value $1,940 Improvement Value $14,000 Tax Amount $527.99 Change Rate +0.290929% Assessed CR Tax Rate +0.033124%
Year 2021 Assessed Value $12,680 Land Value $1,940 Improvement Value $10,740 Tax Amount $409 Change Rate +0.020052% Assessed CR Tax Rate +0.032256%
Year 2020 Assessed Value $12,440 Land Value $1,700 Improvement Value $10,740 Tax Amount $400.96 Change Rate +0.158509% Assessed CR Tax Rate +0.032232%
Year 2019 Assessed Value $12,440 Land Value $1,700 Improvement Value $10,740 Tax Amount $346.1 Change Rate +0.01944% Assessed CR Tax Rate +0.027822%
Year 2018 Assessed Value $12,220 Land Value Improvement Value Tax Amount $339.5 Change Rate Assessed CR Tax Rate +0.027782%
Year 2017 Assessed Value $12,220 Land Value Improvement Value Tax Amount $339.5 Change Rate -0.028612% Assessed CR Tax Rate +0.027782%
Year 2016 Assessed Value $12,220 Land Value Improvement Value Tax Amount $349.5 Change Rate +0.023426% Assessed CR Tax Rate +0.028601%
Year 2015 Assessed Value $12,220 Land Value Improvement Value Tax Amount $341.5 Change Rate +0.054338% Assessed CR Tax Rate +0.027946%
Year 2014 Assessed Value $11,700 Land Value Improvement Value Tax Amount $323.9 Change Rate Assessed CR Tax Rate +0.027684%