NOT LISTED FOR SALE

1191 Rainbow Dr Silver Spring, MD 20905

Estimated Value: $884,729 - $1,012,000

5 Beds
3.5 Baths
3,994 Sq Ft
$239/Sq Ft Est. Value

Last Sold October 24, 2017

Last sale price $677,279 $170 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $5,772/month

Highlights

  • Built in 2017 | Newly Remodeled
  • Colonial Architecture
  • Sun or Florida Room
  • Cloverly Elementary School Rated A-
  • Loft
  • Great Room

About This Home

As of October 2017

The main floor of the Hemingway offers a formal living room, a spacious great room, an open dining room and an inviting kitchen with an island and optional gourmet features. Upstairs, the roomy loft can be optioned as a fifth bedroom, and the lavish master suite boasts an immense walk-in closet. Personalize this plan with an optional sunroom, study and more!

Last Agent to Sell the Property

Jay Day

(866) 702-9038 jayday@dayhometeam.com LPT Realty, LLC Listed on: 03/13/2017

Last Buyer's Agent

Non Member Member

beta@mris.net Metropolitan Regional Information Systems, Inc.

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 10,076 Sq Ft Lot

HOA Fees

  • $58 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Asphalt Roof
  • Stone Siding

Interior Spaces

  • Property has 3 Levels
  • Ceiling height of 9 feet or more
  • Double Pane Windows
  • Vinyl Clad Windows
  • Mud Room
  • Entrance Foyer
  • Great Room
  • Combination Kitchen and Dining Room
  • Den
  • Loft
  • Game Room
  • Sun or Florida Room
  • Laundry Room

Kitchen

  • Electric Oven or Range
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Bathroom
  • 3.5 Bathrooms

Basement

  • Walk-Out Basement
  • Rear Basement Entry

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • $54 Other Monthly Fees
  • Built by RICHMOND AMERICAN HOMES
  • Cloverly Forest Subdivision, Hemingway Floorplan

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 34
  • Assessor Parcel Number 160503749837

Home Details

Home Type

Single Family

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
  • Home Warranty: Yes
  • 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

  • Appliances: Dishwasher, Disposal, Oven/Range - Electric, Refrigerator
  • Interior Amenities: Combination Kitchen/Dining, Upgraded Countertops, Primary Bath(s)
  • Window Features: Double Pane, Vinyl Clad
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings
  • Entry Location: Foyer
  • Levels Count: 3+
  • Room List: Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Game Room, Foyer, Bedroom 1, Study, Sun/Florida Room, Great Room, Laundry, Loft, Mud Room
  • Basement: Yes
  • Basement Type: Rear Entrance, Walkout Level
  • Living Area Units: Square Feet
  • Total Sq Ft: 3994
  • Living Area Sq Ft: 3994
  • Price Per Sq Ft: 203.08
  • Above Grade Finished Sq Ft: 3335
  • Below Grade Finished Sq Ft: 659
  • Total Below Grade Sq Ft: 659
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stone
  • Pool Private: No
  • Roof: Asphalt
  • 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: Garage
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 175.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Other Fees: 650.00
  • Other Fees Frequency: Annually

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Area: 10076
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10076.00
  • Property Attached Yn: No

Green Features

  • R Factor Basement: R13

Building Info

  • Builder Name: RICHMOND AMERICAN HOMES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14122680
  • Assessor Parcel Number: 160503749837
  • Tax Lot: 34

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2017
Closed on
Oct 9, 2017
Sold by
Richmond American Homes Of Maryland Inc
Bought by
Adenili Oladapo Morinayu and Oladapo Oladipo
Seller's Agent
Jay Day
LPT Realty, LLC
Buyer's Agent
Non Member Member
Metropolitan Regional Information Systems, Inc.
List Price
$651,478
Sold Price
$677,279
Premium/Discount to List
$25,801
3.96%
Current Estimated Value
$948,817

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,538
Avg. Annual Appreciation
4.25%
Original Mortgage
$601,551
Outstanding Balance
$501,925
Interest Rate
3.78%
Mortgage Type
New Conventional
Estimated Equity
$452,007
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
Adenili Oladapo Morinayu $677,279 Stewart Title Of Maryland
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adenili Oladapo Morinayu $601,551
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/24/2017 10/24/17 Sold $677,279 0.0% $170 / Sq Ft
10/11/2017 10/11/17 Price Changed $677,279 -3.2% $170 / Sq Ft
08/16/2017 08/16/17 Price Changed $699,779 +5.1% $175 / Sq Ft
05/03/2017 05/03/17 Price Changed $665,733 +0.2% $167 / Sq Ft
04/18/2017 04/18/17 Price Changed $664,688 +2.0% $166 / Sq Ft
03/13/2017 03/13/17 Pending -- -- --
03/13/2017 03/13/17 For Sale $651,478 -- $163 / 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 $9,030 $795,767 -- --
2024 $9,030 $745,333 $0 $0
2023 $7,736 $694,900 $207,600 $487,300
2022 $7,156 $674,067 $0 $0
2021 $6,617 $653,233 $0 $0
2020 $6,617 $632,400 $207,600 $424,800
2019 $6,495 $632,400 $207,600 $424,800
2018 $6,499 $632,400 $207,600 $424,800
2017 $60 $0 $0 $0
2016 -- $0 $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
    Section Image

  • N

    Buyer's Agent in 2017

    Non Member Member

    Metropolitan Regional Information Systems

See All Agents

Map

Source: Bright MLS

MLS Number: 1000192641

Bright MLS

APN: 05-03749837

Maryland Montgomery County Silver Spring 20905

1191 Rainbow Dr, Silver Spring, MD

Not Listed for Sale

Detached

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