931 Rainbow Dr, Gadsden, AL 35901 Property Records

Etowah County property record for 931 Rainbow Dr, Gadsden, AL 35901

Property Summary

Property Type	Bank, Financial Building
Details	2,040 sqft · built 2010
Lot Size	0.643 acres (28,027 sqft)
Owner	Company Name on File
Last Sale	$680,000 (Oct 2017)
Tax Bill	$9,955 (2026)
Deeds & Mortgages	May 2017 Mortgage Feb 2017 Mortgage + 2 more
Flood Zone	Zone X (minimal risk)
APN	`15-02-09-0-001-009.000`

Property Details

APN / Parcel Number

Primary APN	`15-02-09-0-001-009.000`
Alternative APNs	`344910` `224745` `34380`

Interior

Total Rooms	5 Rooms
Stories	1 Story
Building Area	2,040 sqft Total Area
1st Floor Area	2,040 sqft
Flooring	Laminate Plank
Interior Walls	Wallboard/Drywall

Exterior

Year Built	Built 2010
Effective Year Built	Effective 2010
Exterior Material	Stone
Construction Type	Masonry / Concrete Block
Foundation Type	Slab (Mat/Raft)
Roof Type	Flat
Roof Material	Urethane Foam
Lot Area	28,027 sqft (0.643 acres)

Utilities, Heating & Cooling

Cooling System	HVAC
Heating System	Forced Air with A/C

Location & Zoning

Account Number	344910
Street Address	931 RAINBOW DR
City	GADSDEN
State	AL
Zip	35901-5368
Property Category	Commercial
Property Type	Commercial > Office > Bank, Financial Building
Legal Description	BLK 3 J V LILES ADD PLAT E-223 GADSDEN 9-12-6 MISC-4-404,1377-887,1601-70,MISC-2017-3457076,D-2017-3457480 D-2017-3458026,D-2019-3487010(EASEMENT), D-2024-3574678
Legal Range	6E
Legal Township	12S
Legal Section	9
Legal Subdivision	LILES, J V ADD
Legal Block	3
Jurisdiction	ETOWAH AL
Township / Civil Division	GADSDEN
Census Block Group	3
Census Block	3021
Census Tract	1200

Owner

931 Rainbow Dr, a commercial property, is owned by a company that bought it in October 2017.

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

Owner of Record	Company Name on File
Mailing Address	5795 ULMERTON RD, CLEARWATER, FL 33760-3911
Owner Type	Company
Vesting	Company

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 17, 2017	Deed of Trust, Mortgage · Commercial Mortgage THE EXCHANGE BANK OF ALA
Feb 22, 2017	Deed of Trust, Mortgage · Commercial Mortgage THE EXCHANGE BANK OF ALABAMA
Oct 5, 2017	Foreclosure
Oct 18, 2017	Correction Deed

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Oct 18, 2017 · Amount on File
Deed Sale	Oct 18, 2017 · Amount on File
Prior Sale	Oct 5, 2017 · Amount on File
Deed Document Number	20173458026
Record Updated	Oct 29, 2026

May 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	ETOWAH AL
Property Address	931 RAINBOW DR, GADSDEN, AL 35901-5368
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	3450839
Date	May 17, 2017
Instrument	3450839

Lender

Name	THE EXCHANGE BANK OF ALA
Type	Non-Lending Institution
Address	GADSDEN, AL 35902

Agreement

Type	Commercial Mortgage
Amount	Amount on Record

February 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	ETOWAH AL
Property Address	931 RAINBOW DR, GADSDEN, AL 35901-5368
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	3446923
Date	Feb 22, 2017
Instrument	3446923

Lender

Name	THE EXCHANGE BANK OF ALABAMA
Type	Non-Lending Institution
Address	GADSDEN, AL 35902

Agreement

Type	Commercial Mortgage
Amount	Amount on Record

October 2017: Foreclosure

Document Type	Foreclosure
Jurisdiction	ETOWAH AL
Recording Date	Oct 5, 2017
Property Address	931 RAINBOW DR, GADSDEN, AL 35901-5368
Document Number	3457480
Instrument Date	Oct 4, 2017
Instrument	3457480
Transaction Type	Foreclosure
Record Updated	Sep 13, 2021

Transaction

Amount	Amount on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated

Transferred From (Grantor/Seller)

Name	Verified Name
Address	PO BOX 2339, GADSDEN, AL 35903-0339

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	3535 ROSWELL RD STE 52, 52, MARIETTA, GA 30062-8830

October 2017: Correction Deed

Document Type	Correction Deed
Jurisdiction	ETOWAH AL
Recording Date	Oct 18, 2017
Property Address	931 RAINBOW DR, GADSDEN, AL 35901-5368
Document Number	3458026
Instrument Date	Oct 4, 2017
Instrument	3458026
Record Updated	Sep 13, 2021

Transaction

Amount	Amount on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated

Transferred From (Grantor/Seller)

Name	Verified Name
Address	PO BOX 2339, GADSDEN, AL 35903-0339

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	3525 ROSWELL RD # 52, 52, MARIETTA, GA 30062

Tax Assessment & Valuation

The 2026 property tax bill for 931 Rainbow Dr was $9,955, up 32.8% from the year before.

Source: Etowah County assessment roll, as of June 23, 2026

Property Jurisdictions

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

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$9,955.00 (+32.75%)
2025	$7,499.00	$153,060 Land $56,060 Building $97,000	$765,300 Land $280,300 Building $485,000
2023	$8,547.00 (+14.01%)	$174,440 (+14%) Land $56,060 Building $118,380	$872,200 (+14%) Land $280,300 Building $591,900
2022	$7,497.00	$153,020 Land $56,060 Building $96,960	$765,100 Land $280,300 Building $484,800

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 931 Rainbow Dr in Zone X, an area of minimal flood risk, within 500 ft of a high-risk flood zone.

Source: FEMA National Flood Hazard Layer, effective March 21, 2019 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on File median of 14 policies
Nearby Flood Policies	14 in force
Nearby Flood Claims	6 (1979–1999)
Claims Outside the SFHA	2 of 6
Most Recent Claim	Jun 1999 · rainfall accumulation
Claims by Event	Severe Storms, Tornadoes & Flooding, Feb 1990 · 2 claims

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

The area around 931 Rainbow Dr has no burnable land within ember reach, so its wildfire risk is not rated.

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

Wildfire Risk	Not rated no burnable land within ember reach

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

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITY OF GADSDEN, THE WWSB OF THE serves 44,637 people · EPA ID AL0000577
Water Source	Surface water
Last State Inspection	Jan 2024
Lead	3 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 42 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Sparklight Cable	1,000 / 50

May also be available: AT&T.

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