NOT LISTED FOR SALE

1186 Rainbow Dr Silver Spring, MD 20905

Estimated Value: $801,832 - $962,000

5 Beds
2.5 Baths
3,293 Sq Ft
$268/Sq Ft Est. Value

Last Sold December 29, 2017

Last sale price $615,595 $187 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $5,348/month

Highlights

  • Built in 2017 | Newly Remodeled
  • Open Floorplan
  • 2 Car Attached Garage
  • Cloverly Elementary School Rated A-
  • Colonial Architecture
  • Kitchen Island

About This Home

As of December 2017

The Charlotte plan offers a dramatic two-story entry and a formal living room, which can be optioned as a dining room or study. You'll also appreciate the immense great room and inviting kitchen with island, nook and optional gourmet features. The second floor boasts an elegant master suite with a walk-in closet and optional deluxe bath.

Last Agent to Sell the Property

Jay Day

(866) 702-9038 jayday@dayhometeam.com LPT Realty, LLC Listed on: 09/11/2017

Last Buyer's Agent

Jay Day

(866) 702-9038 jayday@dayhometeam.com LPT Realty, LLC Listed on: 09/11/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,394

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 0.25 Acre Lot
  • Property is zoned RE1

HOA Fees

  • $58 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Dining Area
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2.5 Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Rear Basement Entry

Schools

  • Cloverly Elementary School
  • Briggs Chaney Middle School
  • Paint Branch High School

Utilities

  • 90% Forced Air Heating and Cooling System
  • Programmable Thermostat
  • Natural Gas Water Heater

Community Details

  • Association fees include management, insurance
  • Built by RICHMOND AMERICAN HOMES
  • Cloverly Forest Subdivision, Charlotte Floorplan
  • The community has rules related to alterations or architectural changes, building or community restrictions, commercial vehicles not allowed, covenants

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 160503749688
  • $650 Front Foot Fee per year

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,394

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

HOA Fees

$58 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: Yes
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 2017
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Kitchen - Island, Dining Area, Floor Plan - Open
  • Fireplace: No
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Outside Entrance, Rear Entrance, Full, Partially Finished
  • Living Area Units: Square Feet
  • Total Sq Ft: 3293
  • Living Area Sq Ft: 3293
  • Price Per Sq Ft: 257.25
  • Above Grade Finished Sq Ft: 2393
  • Below Grade Finished Sq Ft: 900
  • Total Below Grade Sq Ft: 900
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Vinyl Siding
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Attached, Concrete Driveway, Garage
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Programmable Thermostat
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air, Programmable Thermostat
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 58.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Management, Insurance
  • HOA Condo Co-Op Rules: Alterations/Architectural Changes, Building Restrictions, Commercial Vehicles Prohibited, Covenants, Fencing
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • Elementary School: CLOVERLY
  • High School: PAINT BRANCH
  • Middle Or Junior School: BRIGGS CHANEY

Lot Info

  • Land Assessed Value: 208100.00
  • Lot Size Acres: 0.25
  • Lot Size Area: 11054
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11054.00
  • Property Attached Yn: No
  • Zoning: RE1

Building Info

  • Builder Name: RICHMOND AMERICAN HOMES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14122924
  • Tax Annual Amount: 2393.56
  • Assessor Parcel Number: 160503749688
  • Tax Lot: 3
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

Multi Family

  • Front Foot Fee: 650.00

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2017
Closed on
Dec 20, 2017
Sold by
Richmond American Homes Of Maryland Inc
Bought by
Million Fekadu and Ayalew Tsehainesh A
Seller's Agent
Jay Day
LPT Realty, LLC
Buyer's Agent
Jay Day
LPT Realty, LLC
List Price
$615,595
Sold Price
$615,595
Current Estimated Value
$883,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,113
Avg. Annual Appreciation
4.59%
Original Mortgage
$554,036
Outstanding Balance
$466,208
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$417,500
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Million Fekadu $615,596 Stewart Title Of Maryland In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Million Fekadu $554,036
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2017 12/29/17 Sold $615,595 0.0% $187 / Sq Ft
09/11/2017 09/11/17 Pending -- -- --
09/11/2017 09/11/17 For Sale $615,595 -- $187 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,022 $699,867 -- --
2024 $8,022 $657,933 $0 $0
2023 $6,825 $616,000 $210,400 $405,600
2022 $6,446 $609,933 $0 $0
2021 $6,233 $603,867 $0 $0
2020 $6,233 $597,800 $210,400 $387,400
2019 $6,113 $597,800 $210,400 $387,400
2018 $6,117 $597,800 $210,400 $387,400
2017 $2,341 $208,100 $0 $0
2016 -- $208,100 $0 $0
2015 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jay Day

    Seller's Agent in 2017

    Jay Day

    LPT Realty, LLC

    (866) 702-9038

    1,195 Total Sales

    Jay Day
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Map

Source: Bright MLS

MLS Number: 1000194225

Bright MLS

APN: 05-03749688

Maryland Montgomery County Silver Spring 20905

1186 Rainbow Dr, Silver Spring, MD

Not Listed for Sale

Detached

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