NOT LISTED FOR SALE

1190 Rainbow Dr Silver Spring, MD 20905

Estimated Value: $881,374 - $1,007,000

5 Beds
3.5 Baths
4,020 Sq Ft
$236/Sq Ft Est. Value

Last Sold April 25, 2019

Last sale price $670,000 $167 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $5,658/month

9 Days on Market

Highlights

  • Solar Power System
  • Colonial Architecture
  • 2 Car Attached Garage
  • Cloverly Elementary School Rated A-
  • Wood Flooring
  • Ceiling height of 9 feet or more

About This Home

As of April 2019

STUNNING, MUST SEE, one year old 5 Bedroom, 3 and 1/2 baths. Stone front Colonial with high end finishes. Custom hardwood floors, custom tile floors in fully finished walk out basement with 9' ceilings. The Charlotte plan offers a dramatic two-story entry, enjoy your immense great room and inviting kitchen with island, table space, abundant natural light, 9' ceilings, gourmet kitchen with high end granite counters and stainless steel appliances. The second floor boasts an elegant master suite with a large walk-in closet, bedroom level laundry. Move in ready, great location Easy access to major commuter routes. Topping it all off is a owner-owned solar system that pays residual income credits over the year (in SRECs) to the homeowner (yes, in addition to covering the electric usage of the entire home)

Last Agent to Sell the Property

Richard Winkler

(301) 404-3105 rwinkler111@yahoo.com Weichert, REALTORS License #SP98376414 Listed on: 03/13/2019

Weichert, REALTORS

Co-Listed By

Sudha Baxter

(202) 368-8536 sudhabaxter@yahoo.com Weichert, REALTORS License #655575

Last Buyer's Agent

Charles Chapman

(240) 351-8214 Charlie@Theencoreteam.net RE/MAX Realty Services License #SP99125

RE/MAX Realty Services

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $213

Year Built

  • Built in 2017

Lot Details

  • 0.25 Acre Lot
  • Property is in very good condition
  • Property is zoned RE1

HOA Fees

  • $70 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage

Home Design

  • Colonial Architecture
  • Architectural Shingle Roof

Interior Spaces

  • Property has 2 Levels
  • Ceiling height of 9 feet or more
  • Basement Fills Entire Space Under The House
  • Laundry on upper level

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

Eco-Friendly Details

  • Solar Power System
  • Solar owned by seller

Schools

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

Utilities

  • 90% Forced Air Heating and Cooling System
  • 200+ Amp Service
  • Natural Gas Water Heater

Community Details

  • Built by Richmond American
  • Cloverly Forest Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 160503749677

Home Details

Home Type

Single Family

Est. Annual Taxes

$213

Year Built

Built in 2017

Lot Details

0

HOA Fees

$70 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 2017
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Hardwood, Ceramic Tile, Carpet
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings, Dry Wall
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Upper Floor
  • Total Sq Ft: 4465
  • Living Area Sq Ft: 4020
  • Price Per Sq Ft: 223.51
  • Above Grade Finished Sq Ft: 3020
  • Below Grade Finished Sq Ft: 1000
  • Below Grade Sq Ft: 445
  • Total Below Grade Sq Ft: 1445
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Roof: Architectural Shingle
  • Spa: 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: Concrete Driveway
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 213.26
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric, Solar Photovoltaic
  • Cooling Type: Central A/C
  • Electric Service: 200+ Amp Service, Photovoltaics Seller Owned
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 210.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • Elementary School: CLOVERLY
  • High School: PAINT BRANCH
  • Middle Or Junior School: BRIGGS CHANEY

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 445200.00
  • Land Assessed Value: 209900.00
  • Lot Size Acres: 0.25
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10887.00
  • Property Condition: Very Good
  • Zoning: RE1
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Building Info

  • Builder Name: Richmond American

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14122594
  • Tax Annual Amount: 213.00
  • Assessor Parcel Number: 160503749677
  • Tax Lot: 2
  • Tax Data Updated: Yes
  • Tax Year: 2019

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2019
Closed on
Apr 25, 2019
Sold by
Relo Direct Inc
Bought by
Mcleary Garry and Calloo Karen
Seller's Agent
Richard Winkler
Weichert, REALTORS
Buyer's Agent
Charles Chapman
RE/MAX Realty Services
List Price
$675,000
Sold Price
$670,000
Premium/Discount to List
-$5,000
-0.74%
Current Estimated Value
$930,877

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$260,877
Avg. Annual Appreciation
5.29%
Original Mortgage
$602,933
Outstanding Balance
$529,007
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$418,837

Purchase Details

Listed on
Mar 13, 2019
Closed on
Mar 11, 2019
Sold by
Lee Daniel
Bought by
Relo Direct Inc
Seller's Agent
Richard Winkler
Weichert, REALTORS
Buyer's Agent
Charles Chapman
RE/MAX Realty Services
List Price
$675,000
Sold Price
$670,000
Premium/Discount to List
-$5,000
-0.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$602,933
Outstanding Balance
$529,007
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$418,837

Purchase Details

Listed on
Sep 7, 2017
Closed on
Nov 2, 2017
Sold by
Richmond American Homes Of Maryland Inc
Bought by
Lee Daniel
Seller's Agent
Jay Day
LPT Realty, LLC
Buyer's Agent
Joyce Meyerdirk-McKenzie
CENTURY 21 New Millennium
List Price
$663,307
Sold Price
$663,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.71%
Original Mortgage
$563,307
Interest Rate
3.88%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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
Mcleary Garry $670,000 Atlantic Title & Escrow Co
Relo Direct Inc $670,000 None Available
Lee Daniel $663,307 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcleary Garry $602,933
Previous Owner Lee Daniel $563,307
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/25/2019 04/25/19 Sold $670,000 -0.7% $167 / Sq Ft
03/22/2019 03/22/19 Pending -- -- --
03/13/2019 03/13/19 For Sale $675,000 +1.8% $168 / Sq Ft
11/28/2017 11/28/17 Sold $663,307 0.0% $269 / Sq Ft View Prior Sale
09/07/2017 09/07/17 Pending -- -- --
09/07/2017 09/07/17 For Sale $663,307 -- $269 / 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 $8,636 $760,233 -- --
2024 $8,636 $711,267 $0 $0
2023 $7,358 $662,300 $209,900 $452,400
2022 $6,896 $650,700 $0 $0
2021 $6,712 $639,100 $0 $0
2020 $6,561 $627,500 $209,900 $417,600
2019 $213 $627,500 $209,900 $417,600
2018 $205 $627,500 $209,900 $417,600
2017 $2,421 $209,900 $0 $0
2016 -- $209,900 $0 $0
2015 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC621522

Bright MLS

APN: 05-03749677