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Off market
  • $732,900

    501 Rainbow Dr, Madison, AL 35758

    3beds
    5,821sqft
    SingleFamily
    Built in 1984
    2.38 Acres Lot
    $732,900 Zestimate®
    $126/sqft
    $3,982 Estimated rent

    Home value

    $732,900

    $645,000 - $836,000

    $3,982/mo

    Zestimate® history
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    $3,982/mo

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    $3,361/mo

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    $3,361/mo

    Est. payment

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    What's special

    Nestled among the trees will feel like your in mountains on 2.5 wooded acres but just 1 MILE from Hwy 72 in Madison! This unique home features a stunning atrium with a full sized indoor waterfall, 6 balconies, fireplaces, extensive hardwoods with marble, slate, walnut and cedar finishes. Rec room has full wet bar with ice maker, fridge, and microwave. Home features a gorgeous sun room with Pella windows. Full finished basement with walk out French doors. 13 rooms with much versatility- easy to transform basement or den into an extra bedroom. Massive decks overlook the woods. House fronts 2 roads. Private retreat just minutes from all amenities. Rare find in Madison City!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 3/4 bathrooms: 1
    Heating
    • Forced air, Electric
    Cooling
    • Central
    Appliances
    • Included: Garbage disposal, Microwave
    Features
    • Flooring: Hardwood
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 5,821 sqft

    Property

    Parking
    • Parking features: Garage - Attached
    Features
    • Exterior features: Wood
    Lot
    • Size: 2.38 Acres
    Details
    • Parcel number: 1508270004047000

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Wood
    • Foundation: Other
    • Roof: Asphalt
    Condition
    • Year built: 1984

    Community & neighborhood

    Location
    • Region: Madison

    Other

    Other facts
    • State: AL
    • Status: ACTIVE
    • BEDROOM2 DESC: Wood Floor, Vaulted Ceil
    • BEDROOM3 DESC: Wood Floor, Vaulted Ceil
    • DINING ROOM DESC: Wood Floor, Vaulted Ceil
    • STYLE: 2 Story, BsmtRanch
    • MASTER BR DESC: Wood Floor, Walkin Closet, Fireplace, Isolate, Vaulted Ceil
    • GARAGE/CARPORT: Two Car Garage, Workshop, Attached Garage
    • APPLIANCES: Dishwasher, Cook Top, Microwave, Double Oven
    • County: MADISON
    • FIREPLACE: Gas Log, Three +
    • KITCHEN DESC: Pantry, Vaulted Ceil, Tile, Granite Countertop, Kitchen Island
    • FAMILY ROOM DESC: Wood Floor, Fireplace, Window Cov, Vaulted Ceil, Recessed Lighting
    • OTHER ROOM 1 DESC: Fireplace, Vaulted Ceil, Tile, Recessed Lighting
    • Middle School: DISCOVERY
    • High School: BOB JONES
    • FOYER DESC: Tile, Crown Mold
    • OTHER ROOM 2 DESC: Ceiling Fan, Fireplace, Tile, Vaulted Ceil
    • OTHER ROOM 4 DESC: Tile, Vaulted Ceil, Recessed Lighting, Skylight
    • AIR CONDITION: Central 2
    • HEAT: Central 2
    • OTHER ROOM 5 DESC: Carpet, Fireplace, Wet Bar, Built Ins
    • OTHER ROOM 3 DESC: Crown Mold, Carpet, Window Cov
    • Other Rooms3: STUDY
    • Other Rooms6: LAUNDRY
    • Other Rooms2: SUN
    • OTHER ROOM 6 DESC: Tile, Window Cov, Vaulted Ceil
    • OTHER ROOM 8 DESC: Carpet
    • Elementary School: RAINBOW ELEMENTARY
    • Subdivision: RAINBOW MOUNTAIN HEIGHTS
    • OTHER ROOM 7 DESC: Carpet
    • Other Rooms1: HEARTH ROOM
    • Other Rooms5: BONUS
    • Other Rooms8: SITTING ROOM
    • Other Rooms7: MEDIA
    • Other Rooms4: SOLAR/ATRIUM
    • FENCE: Partial Fence
    • Lot: 19
    • CONSTRUCTION: Wood

    Price history

    DateEventPrice
    5/3/2019Sold$415,000-15.3%$71/sqft
    Source: ValleyMLS #1111779 Report a problem
    3/11/2019Price change$490,000-2%$84/sqft
    Source: Matt Curtis Real Estate, Inc. #1111779 Report a problem
    2/8/2019Listed for sale$500,000-9.9%$86/sqft
    Source: Matt Curtis Real Estate, Inc. #1111779 Report a problem
    10/12/2018Listing removed$554,900$95/sqft
    Source: Amanda Howard Sotheby's International Realty #1090363 Report a problem
    6/15/2018Price change$554,900-0.9%$95/sqft
    Source: Amanda Howard Real Estate #1090363 Report a problem
    4/3/2018Price change$559,900-5.1%$96/sqft
    Source: ERA Ben Porter Real Estate #1082232 Report a problem
    11/11/2017Listed for sale$589,900-1.7%$101/sqft
    Source: ERA Ben Porter Real Estate #1082232 Report a problem
    9/6/2017Listing removed$600,000$103/sqft
    Source: Huntsville #1065357 Report a problem
    5/5/2017Price change$600,000-7.7%$103/sqft
    Source: Huntsville #1065357 Report a problem
    3/26/2017Listed for sale$650,000$112/sqft
    Source: Keller Williams Realty #1065357 Report a problem
    9/29/2016Listing removed$650,000$112/sqft
    Source: Quest Real Estate, LLC #1041017 Report a problem
    3/30/2016Listed for sale$650,000$112/sqft
    Source: Quest Real Estate, LLC #1041017 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,061 +7%$58,980 +7%
    2024$3,794 $55,140
    2023$3,794 +14%$55,140 +13.9%
    2022$3,327 +7.2%$48,420 +7.1%
    2021$3,103 +1.1%$45,200 +1.1%
    2020$3,069 +21.2%$44,700
    2019$2,532 $44,700 +1.7%
    2018$2,532 +1.8%$43,940
    2017$2,489 $43,940
    2016$2,489 $43,940
    2015$2,489 +5.2%$43,940 +4.7%
    2014$2,365 $41,960
    2013-- $41,960 +3.6%
    2012-- $40,500
    2011-- $40,500

    Find assessor info on the county website

    Neighborhood: 35758

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: RAINBOW ELEMENTARY
    • Middle: DISCOVERY
    • High: BOB JONES

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $732,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $732,900