NOT LISTED FOR SALE

1194 Rainbow Dr Silver Spring, MD 20905

Estimated Value: $821,242 - $944,000

5 Beds
3.5 Baths
3,470 Sq Ft
$259/Sq Ft Est. Value

Last Sold July 07, 2017

Last sale price $669,000 $193 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $5,474/month

Highlights

  • Built in 2017 | Newly Remodeled
  • Gourmet Kitchen
  • 1 Fireplace
  • Cloverly Elementary School Rated A-
  • Colonial Architecture
  • Forced Air Heating and Cooling System

About This Home

As of July 2017

Beautiful "Charlotte" model under construction

Last Agent to Sell the Property

Jay Day

(866) 702-9038 jayday@dayhometeam.com LPT Realty, LLC Listed on: 12/08/2016

Last Buyer's Agent

Jay Day

(866) 702-9038 jayday@dayhometeam.com LPT Realty, LLC Listed on: 12/08/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,391

Year Built

  • Built in 2017 | Newly Remodeled

Lot Details

  • 10,185 Sq Ft Lot
  • Property is zoned RE1

HOA Fees

  • $58 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Colonial Architecture
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels
  • 1 Fireplace
  • Open Floorplan

Kitchen

  • Gourmet Kitchen
  • Self-Cleaning Oven
  • Cooktop
  • Microwave
  • Ice Maker
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3.5 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Exterior Basement Entry

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater

Community Details

  • Built by RICHMOND AMERICAN HOMES
  • Cloverly Forest Subdivision, Charlotte Floorplan

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 160503749666
  • $650 Front Foot Fee per year

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,391

Year Built

Built in 2017 | Newly Remodeled

Lot Details

0

HOA Fees

$58 per month

Listing Details

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

Interior Features

  • Appliances: Cooktop, Disposal, Exhaust Fan, Icemaker, Microwave, Oven - Self Cleaning, Refrigerator
  • Interior Amenities: Kitchen - Gourmet, Combination Kitchen/Dining, Combination Dining/Living
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Outside Entrance, Fully Finished, Walkout Stairs
  • Living Area Units: Square Feet
  • Total Sq Ft: 3470
  • Living Area Sq Ft: 3470
  • Price Per Sq Ft: 271.18
  • Above Grade Finished Sq Ft: 2467
  • Below Grade Finished Sq Ft: 1003
  • Total Below Grade Sq Ft: 1003
  • 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: Vinyl Siding, Stone
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Concrete Driveway
  • Type Of Parking: Driveway

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: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 174.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Lot Info

  • Land Assessed Value: 207900.00
  • Lot Size Acres: 0.23
  • Lot Size Area: 10185
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10185.00
  • Property Attached Yn: No
  • Zoning: RE1

Building Info

  • Builder Name: RICHMOND AMERICAN HOMES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 14122772
  • Tax Annual Amount: 2391.28
  • Assessor Parcel Number: 160503749666
  • Tax Lot: 1
  • 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
Dec 8, 2016
Closed on
Jul 3, 2017
Sold by
Richmond American Homes Of Maryland Inc
Bought by
Orion Victor Glenn L and Orion Roxanne C
Seller's Agent
Jay Day
LPT Realty, LLC
Buyer's Agent
Jay Day
LPT Realty, LLC
List Price
$615,040
Sold Price
$669,000
Premium/Discount to List
$53,960
8.77%
Current Estimated Value
$906,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,975
Avg. Annual Appreciation
3.52%
Original Mortgage
$595,000
Outstanding Balance
$494,480
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$403,831
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Orion Victor Glenn L $669,000 Stewart Title Of Maryland In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Orion Victor Glenn L $595,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2017 07/07/17 Sold $669,000 0.0% $193 / Sq Ft
06/07/2017 06/07/17 Price Changed $669,000 -0.1% $193 / Sq Ft
05/03/2017 05/03/17 Price Changed $669,350 +0.1% $193 / Sq Ft
01/04/2017 01/04/17 Price Changed $669,000 -0.3% $193 / Sq Ft
12/28/2016 12/28/16 Price Changed $670,921 +9.1% $193 / Sq Ft
12/08/2016 12/08/16 Pending -- -- --
12/08/2016 12/08/16 For Sale $615,040 -- $177 / 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 $8,082 $705,833 -- --
2024 $8,082 $663,167 $0 $0
2023 $6,877 $620,500 $207,900 $412,600
2022 $6,473 $612,333 $0 $0
2021 $6,214 $604,167 $0 $0
2020 $6,214 $596,000 $207,900 $388,100
2019 $6,198 $596,000 $207,900 $388,100
2018 $6,201 $596,000 $207,900 $388,100
2017 $2,399 $207,900 $0 $0
2016 -- $207,900 $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: 1002475203

Bright MLS

APN: 05-03749666

Maryland Montgomery County Silver Spring 20905

1194 Rainbow Dr, Silver Spring, MD

Not Listed for Sale

Detached

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