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483 Rainbow Dr; Madison, AL Property Details

483 Rainbow Dr, Madison, AL is a Single Family that was built in 1979. This property is currently a cash purchase and is not for sale. Our records show that 483 Rainbow Dr has 4 bedrooms, and 1.5 bathrooms, and a total of 3,052 square feet. The lot size of 483 Rainbow Dr is 83,444 square feet.

Off market
483 Rainbow Dr Madison, AL 35758
$375,000 Listing Price
4 Beds
1.5 Baths
3,052 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 2 / Trust
  • Owner Status: Trust
  • Year Built: 1979
  • Purchase Price: $375,000
  • Est. Equity / %: $453,000 / 100%
  • Gross Yield: 9.626%
  • APN: 15-08-27-0-004-044.000
  • Situs County: Madison
  • Length Of Ownership: 2 years, 7 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Partial Bathrooms: 1

Structure

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

Measurements

  • Total: 3,052/SqFt
  • Lot: 83,444/SqFt
  • Living: 3,052/SqFt
  • Building: 3,052/SqFt
  • Ground: 3,052/SqFt
  • Price Per Square Foot: $122.87

Legal Description

  • Description: LOT 16 RAINBOW MOUNTAIN HEIGHTS S/D PB 2 PG 49
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Madison City School District
  • Lat / Lon: 34.747047 / -86.72574
  • Subdivision: Rainbow Mountain Heights
  • Property Class: Residential
  • County Use Code: 111

Amenities

  • Plus Four: 8277
  • Bathroom Fixtures: 10
  • Cooling: Yes
  • Fireplaces: 1
  • Heating: Forced air unit

Ownership Info

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

Taxes

483 Rainbow Dr has 10 associated Taxes items

483 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 $39,620. The APN we've located for 483 Rainbow Dr is 15-08-27-0-004-044.000.

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Taxes
  • Assessed Value:  $39,620
  • Assessed Year:  2025
  • Assessed County:  Madison
  • APN:  15-08-27-0-004-044.000
  • Assessed Land Value:  4760
  • Market Land Value:  47500
  • Tax Amount:  2484.06
  • Tax Year:  2025
  • Market Value:  396100
  • Market Year:  2025

Tax History

483 Rainbow Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $39,620 Land Value $4,760 Improvement Value $34,860 Tax Amount $2,484.06 Change Rate +0.067119% Assessed CR Tax Rate +0.062697%
Year 2024 Assessed Value $37,140 Land Value $4,760 Improvement Value $32,380 Tax Amount $2,327.82 Change Rate Assessed CR Tax Rate +0.062677%
Year 2023 Assessed Value $37,140 Land Value $4,760 Improvement Value $32,380 Tax Amount $2,327.82 Change Rate +0.132395% Assessed CR Tax Rate +0.062677%
Year 2022 Assessed Value $32,820 Land Value $4,760 Improvement Value $28,060 Tax Amount $2,055.66 Change Rate +0.068086% Assessed CR Tax Rate +0.062634%
Year 2021 Assessed Value $30,740 Land Value $4,760 Improvement Value $25,980 Tax Amount $1,924.62 Change Rate +0.016639% Assessed CR Tax Rate +0.06261%
Year 2020 Assessed Value $30,230 Land Value $4,250 Improvement Value $25,980 Tax Amount $1,893.12 Change Rate +0.237139% Assessed CR Tax Rate +0.062624%
Year 2019 Assessed Value $30,230 Land Value $4,250 Improvement Value $25,980 Tax Amount $1,530.24 Change Rate +0.018327% Assessed CR Tax Rate +0.05062%
Year 2018 Assessed Value $29,700 Land Value Improvement Value Tax Amount $1,502.7 Change Rate Assessed CR Tax Rate +0.050596%
Year 2017 Assessed Value $29,700 Land Value Improvement Value Tax Amount $1,502.7 Change Rate Assessed CR Tax Rate +0.050596%
Year 2016 Assessed Value $29,700 Land Value Improvement Value Tax Amount $1,502.7 Change Rate Assessed CR Tax Rate +0.050596%
Year 2015 Assessed Value $29,700 Land Value Improvement Value Tax Amount $1,502.7 Change Rate +0.051987% Assessed CR Tax Rate +0.050596%
Year 2014 Assessed Value $28,440 Land Value Improvement Value Tax Amount $1,428.44 Change Rate Assessed CR Tax Rate +0.050226%