$767,500
- 6 Beds
- 4.5 Baths
- 5,081 sqft (on 1.56 acres)
511 Rainbow Dr, Madison, AL 35758
Est. Refi. Payment $4,324/mo*
Refinance Your HomeCurrently Off Market - Sold Jul 21, 2025 for $764,000
Home Value
Trulia Estimate
$768KSince last month
Decreased$2K (-0.3%)Since last year
Increased$5K (+0.7%)Since last sale
Increased$6K (+0.8%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +109% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $770K |
| July 2026 | $772K |
| June 2026 | $779K |
| May 2026 | $770K |
| April 2026 | $768K |
| March 2026 | $768K |
| February 2026 | $766K |
| January 2026 | $763K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.30 | Single-Family Home | $681,000 | 01/15/26 | 4 | 4 | 4,468 | |
0.17 | Single-Family Home | $570,000 | 09/05/25 | 3 | 2.5 | 2,812 | |
0.64 | Single-Family Home | $885,000 | 04/13/26 | 5 | 4.5 | 4,820 | |
0.44 | Single-Family Home | $589,500 | 07/17/26 | 5 | 4.5 | 3,906 | |
0.39 | Single-Family Home | $380,000 | 04/01/26 | 3 | 3.5 | 3,469 | |
0.16 | Single-Family Home | $485,000 | 01/02/26 | 3 | 2 | 2,745 | |
0.47 | Single-Family Home | $500,000 | 07/16/26 | 4 | 3.5 | 3,088 | |
0.67 | Single-Family Home | $792,635 | 04/14/26 | 4 | 4 | 4,299 | |
0.31 | Single-Family Home | $475,000 | 06/15/26 | 4 | 4 | 2,706 | |
0.46 | Single-Family Home | $675,000 | 10/13/25 | 4 | 4 | 3,841 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.11 | $517,800 | 5 | 4 | 3,135 | Off Market | |
0.11 | $372,800 | 3 | 2 | 2,013 | Off Market | |
0.11 | $995,000 | 5 | 5 | 5,873 | For Sale | |
0.13 | $610,500 | 4 | 2.5 | 3,606 | Off Market | |
0.16 | $368,000 | 4 | 2 | 2,566 | Off Market | |
0.17 | $576,000 | 3 | 2.5 | 2,812 | Off Market | |
0.16 | $485,000 | 3 | 2 | 2,745 | Recently Sold | |
0.15 | $480,300 | 4 | 2.5 | 2,749 | Off Market | |
0.21 | $380,000 | 4 | 2.5 | 2,507 | Off Market | |
0.21 | $757,600 | 5 | 3.5 | 5,181 | Off Market | |
0.19 | - | - | - | - | Off Market |
Local Information
-- mins to
Home Highlights
Property Type
Single-Family Home
Year Built
1987
Lot Size
1.56 acres
Living Area
5,081 sqft
Price/Sqft
$151
Parking
Garage
About this House
WELCOME HOME to this UPDATED, 6 bedroom retreat on 1.56 acres atop scenic Rainbow Mountain in MADISON CITY. Grand living room with a wall of windows, real hardwood floors, overlooking the trees and new deck. Well appointed eat-in kitchen, Primary bedroom on the main level with remodeled bathroom and large shower! 3 bedrooms upstairs, NO CARPET, all new hardwood flooring, walk in attic and lots of closets. WALK OUT BASEMENT with a 2nd KITCHEN, living room, 2 BEDROOMS, full bath, exercise room, and tons of storage areas. EV plug in the garage. ROOF 2020, gutters 2020, HVAC 2012,2020, Tankless H20 heater, exterior paint 2024. Walking trail at the end of the street and Rainbow Mnt. Park.
511 Rainbow Dr, Madison, AL 35758 is a 6 bedroom, 5 bathroom, 5,081 sqft single-family home built in 1987. It last sold for $764,000 on Jul 21, 2025 (4% below the $799,900 asking price). More recently, it was listed as a rental in August 2025 with an asking price of $3,300 per month. That rental listing was removed on September 2, 2025. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $767,500, with a rent estimate of $4,380/month.
Last check for updates: about 2 hours ago
Listed by Kathy Passon, (256) 509-9241
Matt Curtis Real Estate, Inc.
Bought with: Kathy Passon, (256) 509-9241, Matt Curtis Real Estate, Inc.
Source: ValleyMLS, MLS#21886573

Home Details for 511 Rainbow Dr
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Interior Details Basement: BasementNumber of Rooms: 17Types of Rooms: Master Bedroom, Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Master Bathroom, Dining Room, Kitchen, Living Room, Office, Laundry Room |
Beds & Baths Number of Bedrooms: 6Number of Bathrooms: 5Number of Bathrooms (full): 4Number of Bathrooms (half): 1 |
Dimensions and Layout Living Area: 5081 Square Feet |
Appliances & Utilities Appliances: Double Oven, Dishwasher, Tankless Water Heater, Gas CooktopDishwasher |
Heating & Cooling Heating: Central 2,ElectricHas CoolingAir Conditioning: Central 2,ElectricHas HeatingHeating Fuel: Central 2 |
Fireplace & Spa Number of Fireplaces: 1Fireplace: Gas Log, OneHas a Fireplace |
Levels, Entrance, & Accessibility Stories: 2Levels: Two |
View No View |
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Exterior Home Features Patio / Porch: Covered Porch, Deck, Front Porch |
Parking & Garage GarageParking: Garage-Two Car,Garage-Attached,Garage Door Opener,Garage Faces Side,Driveway-Concrete |
Water & Sewer Sewer: Septic Tank |
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Year Built Year Built: 1987 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family Residence |
Building Not a New ConstructionNot Attached Property |
Property Information Parcel Number: 1508270004048000 |
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Price List Price: $799,900 |
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MLS Status: Sold |
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Direction & Address City: MadisonCommunity: Rainbow Mountain Heights |
School Information Elementary School: Rainbow ElementaryJr High / Middle School: DiscoveryHigh School: Bob Jones |
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No HOA |
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Lot Area: 1.56 Acres |
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Energy Efficiency Features: Tank-less Water Heater |
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BasementMls Number: 21886573 |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Sep 2, 2025 Source: ValleyMLS #21895615 | ListingRemoved | $2,950 |
Aug 28, 2025 Source: ValleyMLS #21895615 | PriceChange | $2,950 Price decreased by 5% |
Aug 24, 2025 Source: ValleyMLS #21895615 | PriceChange | $3,100 Price decreased by 6% |
Aug 1, 2025 Source: ValleyMLS #21895615 | Listed For Rent | $3,300 |
Jul 21, 2025 Source: ValleyMLS #21886573 | Sold | $764,000 |
Jun 23, 2025 Source: ValleyMLS #21886573 | Pending | $799,900 |
Jun 11, 2025 Source: ValleyMLS #21886573 | PriceChange | $799,900 Price decreased by 6% |
May 17, 2025 Source: ValleyMLS #21886573 | PriceChange | $854,000 Price decreased by 1% |
Apr 18, 2025 Source: ValleyMLS #21886573 | Listed For Sale | $864,000 |
Aug 28, 2019 Source: ValleyMLS #1122327 | Sold | $383,000 |
Jun 30, 2019 Source: Agent Provided | Pending | $335,000 |
Jun 28, 2019 Source: Agent Provided | Listed For Sale | $335,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $3,488 | $507,300 |
Home facts updated by county records
Market trends in Madison
Last updated July 2026
Avg. sale price
$388K
$14.08KMoM
Sale-to-List Price
99.7%
0.1%MoM
Price per sq ft
$175
$4MoM
Available listings
553
6MoM
Around this home
What Locals Say about Madison
At least 476 Trulia users voted on each feature.
93 % Say car is needed
90 % Say it's dog friendly
84 % Say parking is easy
80 % Say yards are well-kept
79 % Say there are sidewalks
74 % Say there's holiday spirit
73 % Say it's quiet
71 % Say kids play outside
66 % Say people would walk alone at night
64 % Say streets are well-lit
54 % Say neighbors are friendly
53 % Say they plan to stay for at least 5 years
44 % Say there's wildlife
31 % Say there are community events
28 % Say it's walkable to grocery stores
23 % Say it's walkable to restaurants
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections

Properties marked with this icon are provided courtesy of the Valley MLS IDX Database. Some or all of the listings displayed may not belong to the firm whose website is being visited.
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Copyright 2026 Valley MLS
All information provided is deemed reliable but is not guaranteed and should be independently verified.
Copyright 2026 Valley MLS
Frequently asked questions about 511 Rainbow Dr
- What is 511 Rainbow Dr estimated to be worth?Trulia's estimated value for 511 Rainbow Dr in Madison, AL is $767,500.
- What is the price history for 511 Rainbow Dr?511 Rainbow Dr in Madison, AL last sold for $764,000 in July 2025.
- Is Madison a buyer's or seller's market?Madison is currently a balanced market, based on recent for-sale activity.
- What's the median sale price in Madison?The median sale price in Madison is $388K. That is up $14.08K from the prior month.
- Does 511 Rainbow Dr have air conditioning?Yes, 511 Rainbow Dr in Madison, AL has air conditioning.
- Does 511 Rainbow Dr have laundry facilities?Yes, 511 Rainbow Dr in Madison, AL has laundry facilities.

