115 Rainbow Dr, Madison, AL 35758 Property Records

Madison County property record for 115 Rainbow Dr, Madison, AL 35758

Property Summary

Property Type	Medical Building
Details	1 ba · 4,140 sqft · built 1996
Lot Size	2.72 acres (118,832 sqft)
Owner	Company Name on File
Last Sale	$1,395,000 (May 2025)
Tax Bill	$15,923 (2026)
Deeds & Mortgages	May 2025 Sale & Line of Credit Mar 2018 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`15-08-27-0-001-016.000`

Property Details

APN / Parcel Number

Primary APN	`15-08-27-0-001-016.000`
Alternative APNs	`069387` `513807`

Interior

Full Baths	1 Bath
Stories	1 Story
Building Area	4,140 sqft Total Area
1st Floor Area	4,140 sqft
Flooring	Carpet
Interior Walls	Wallboard/Drywall

Exterior

Year Built	Built 1996
Effective Year Built	Effective 1996
Exterior Material	Brick
Construction Type	Wood
Foundation Type	Slab (Mat/Raft)
Roof Type	Gable/Hip
Roof Material	Asphalt
Lot Area	118,832 sqft (2.72 acres)

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Forced Air with A/C

Location & Zoning

Account Number	513807
Street Address	115 RAINBOW DR
City	MADISON
State	AL
Zip	35758-8224
Property Category	Commercial
Property Type	Commercial > Office > Medical Building
Legal Description	SEC 27 T3S R2W PART OF THE NE 1/4 OF SEC 27 DESC AS BEG AT THE NW COR OF LOT 1 BLK 2 RAINBOW MTN HEIGHTS 4TH ADD PB 4 PG 98 T
Legal Range	02W
Legal Township	03S
Legal Section	27
Legal Subdivision	APEX DENTAL AT HUGHES HILLS SUBDIVISION
Legal Block	2
Legal Lot Number	1
Jurisdiction	MADISON AL
Township / Civil Division	MADISON
Census Block Group	3
Census Block	3005
Census Tract	11012

Owner

115 Rainbow Dr, a commercial property, is owned by a company that bought it in May 2025.

Source: Madison County records, as of October 20, 2026

Owner of Record	Company Name on File
Mailing Address	106 BOWDOCK DR, MADISON, AL 35756-3995
Owner Type	Company
Vesting	Limited Liability Partnership

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
May 29, 2025	Warranty Deed, Transfer · Line of Credit BANK INDEPENDENT
Mar 13, 2018	Deed of Trust, Mortgage CB&S BK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	May 29, 2025 · Amount on File
Deed Sale	May 29, 2025 · Amount on File
Prior Sale	Apr 17, 2020 · Amount on File
Deed Book / Page	2025 / 20688
Record Updated	Oct 29, 2026

May 2025: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	MADISON AL
Recording Date	May 29, 2025
Property Address	115 RAINBOW DR, MADISON, AL 35758-8224
Document Number	0000020688
Book / Page	DEED2025 / 20688
Map Reference	MB 2025 PG 108
Instrument Date	Mar 28, 2025
Transaction Type	Transfer
Record Updated	Nov 17, 2025
Title Company	NORTH ALABAMA T&E

Transaction

Amount	Amount on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	7690 HIGHWAY 72 W # W101, W101, MADISON, AL 35758-9592

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	106 BOWDOCK DR, MADISON, AL 35756-3995

Mortgage

Document Number	0202596019
Date	May 29, 2025
Instrument	2025/96019

Lender

Name	BANK INDEPENDENT
Type	Bank

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	360 Months
Due	May 1, 2055

Mortgage

Document Number	0000096150
Date	May 29, 2025
Book Page	2025/96150

Lender

Name	ENGLISH RE LLC AN ALABAM
Type	Non-Lending Institution
Address	7690 HIGHWAY 72 W STE 101, MADISON, AL 35758

Agreement

Type	Construction Mortgage
Amount	Amount on Record

March 2018: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MADISON AL
Property Address	115 RAINBOW DR, MADISON, AL 35758-8224
Document Number	0000015081
Instrument Date	Mar 13, 2018
Transaction Type	Mortgage
Record Updated	Mar 20, 2018

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	411 NEWMAN AVE SE HUNTSVILLE AL 358013715, HUNTSVILLE, AL 35801-3715

Mortgage

Document Number	0000015081
Date	Mar 14, 2018
Instrument	15081

Lender

Name	CB&S BK
Type	Bank
Address	RUSSELLVILLE, AL 35653

Agreement

Amount	Amount on Record
Term	240 Months
Due	Mar 13, 2038

Tax Assessment & Valuation

The 2026 property tax bill for 115 Rainbow Dr was $15,923, down 24.4% from the year before.

Source: Madison County assessment roll, as of November 17, 2025

Property Jurisdictions

Type	Name
State	Alabama
County	Madison County
Municipality	Madison City
Unified School District	Madison City School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$15,923.00 (-24.42%)
2025	$21,068.00	$302,080 Land $202,000 Building $100,080	$1,510,400 Land $1,010,000 Building $500,400
2023	$20,770.00 (+5.49%)	$297,800 (+5.51%) Land $202,000 Building $95,800	$1,489,000 (+5.51%) Land $1,010,000 Building $479,000
2022	$19,690.00	$282,260 Land $202,000 Building $80,260	$1,411,300 Land $1,010,000 Building $401,300

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

FEMA maps place 115 Rainbow Dr in Zone X, an area of minimal flood risk, though there have been 1 flood claim nearby since 2014.

Source: FEMA National Flood Hazard Layer, effective September 16, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on File median of 22 policies
Nearby Flood Policies	22 in force
Nearby Flood Claims	1 (2014)
Claims Outside the SFHA	1 of 1
Most Recent Claim	Jun 2014 · rainfall accumulation

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 115 Rainbow Dr is low, with less than a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 96% of the US · lower than 99% of Alabama
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Internet Providers

Source: FCC Broadband Data Collection, based on 74 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
WOW Internet, Cable & Phone Cable	1,200 / 50
Verizon Fixed Wireless	300 / 20
AT&T Fixed Wireless · DSL · Fiber in parts of the area	100 / 20

May also be available: Google Fiber.

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