M
Landlord's Agent in 2024
Michael MacKay
Bay Property Management Group
(240) 778-3264
1312 Rainbow Dr Silver Spring, MD 20905
4
Beds
2
Baths
1,422
Sq Ft
$385
Price per Sq Ft
Highlights
- 1 Car Attached Garage
- Forced Air Heating and Cooling System
- 4-minute walk to Wembrough Neighborhood Park
- Cloverly Elementary School Rated A-
About This Home
As of December 2024Charming 4 BR/2 BA Single-Family Home in Silver Spring! With hardwood flooring and neutral colored walls, the living area feels warm and inviting, flooded with natural light. You'll appreciate the separate dining area, perfect for enjoying meals with loved ones. The well-equipped kitchen boasts beautiful cabinetry, countertops, and appliances. On the main level, you'll find two spacious bedrooms and a full bathroom, offering ample space for your needs. The lower level also features two more roomy bedrooms and another full bathroom. Step outside to the large deck and enjoy outdoor relaxation and entertaining. Convenience is at your fingertips with a washer and dryer included, and you'll have options for parking with an attached garage, driveway, and on-street parking. This Silver Spring home has everything you need for comfortable living!
Local Attractions:
- Brookside Gardens: A beautiful public garden with various themed areas, walking trails, and conservatories.
- Wheaton Regional Park: A large park with playgrounds, picnic areas, hiking trails, and a miniature train ride.
- FDA White Oak Campus: The U.S. Food and Drug Administration's main campus, which occasionally hosts public events and workshops.
- Montgomery Blair High School: A notable public high school with a strong academic reputation and sports programs.
- Fairland Sports and Aquatics Complex: A recreational facility offering swimming pools, sports fields, and fitness classes.
Highways Nearby:
- Interstate 495 (Capital Beltway): Encircles the Washington, D.C. metropolitan area, providing easy access to various locations and neighboring states.
- Columbia Pike (U.S. Route 29): A major road connecting Silver Spring to other parts of Maryland, including Columbia and Ellicott City.
Pets are considered on a case-by-case basis and with additional pet deposit!
Application Qualifications: Minimum monthly income 3 times the tenant’s portion of the monthly rent, acceptable rental history, acceptable credit history and acceptable criminal history. More specific information provided with the application.
All Bay Management Group residents are automatically enrolled in the Resident Benefits Package (RBP) for $39.95/month, which includes renters insurance, credit building to help boost your credit score with timely rent payments, $1M Identity Protection, HVAC air filter delivery (for applicable properties), move-in concierge service making utility connection and home service setup a breeze during your move-in, our best-in-class resident rewards program, and much more! The Resident Benefits Package is a voluntary program and may be terminated at any time, for any reason, upon thirty (30) days’ written notice. Tenants that do not upload their own renters insurance to the Tenant portal 5 days prior to move in will be automatically included in the RBP and the renters insurance program. More details upon application.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,254
Year Built
- Built in 1973
Lot Details
- 0.33
Parking
- 1 Car Attached Garage
- Driveway
- On-Street Parking
Home Design
- Brick Foundation
- Frame Construction
Interior Spaces
- Property has 2 Levels
- Basement
- Interior Basement Entry
Bedrooms and Bathrooms
Schools
- Cloverly Elementary School
- Briggs Chaney Middle School
- Paint Branch High School
Additional Features
- 0.33 Acre Lot
- Forced Air Heating and Cooling System
Community Details
- $40 Other Monthly Fees
- Silver Spring Subdivision
Listing and Financial Details
- Residential Lease
- Security Deposit $3,100
- 12-Month Min and 24-Month Max Lease Term
- Available 11/21/24
- Assessor Parcel Number 160500380185
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 27, 2012
Closed on
Apr 18, 2012
Sold by
Hong Ki Hyun and Hong Soon
Bought by
Fritz Rebecca J and Jackson David K
Seller's Agent
Eunice Chu
RE/MAX Realty Centre, Inc.
Buyer's Agent
Sheron Marshall
RE/MAX Advantage Realty
List Price
$260,000
Sold Price
$250,000
Premium/Discount to List
-$10,000
-3.85%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,827
Avg. Annual Appreciation
6.37%
Original Mortgage
$200,000
Outstanding Balance
$35,591
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$532,922
Purchase Details
Closed on
May 14, 2002
Sold by
Rocha Joao F and Rocha F S
Bought by
Hong Ki H and Hong In S
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fritz Rebecca J | $250,000 | Stewart Title Guaranty Co | |
| Hong Ki H | $246,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fritz Rebecca J | $200,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/23/2024 12/23/24 | Rented | $3,100 | 0.0% | -- |
| 10/16/2024 10/16/24 | Price Changed | $3,100 | -3.1% | $2 / Sq Ft |
| 09/27/2024 09/27/24 | For Rent | $3,200 | +3.2% | -- |
| 10/25/2023 10/25/23 | Rented | $3,100 | 0.0% | -- |
| 09/14/2023 09/14/23 | For Rent | $3,100 | 0.0% | -- |
| 09/01/2023 09/01/23 | Off Market | $3,100 | -- | -- |
| 08/15/2023 08/15/23 | Price Changed | $3,100 | -6.1% | $2 / Sq Ft |
| 08/01/2023 08/01/23 | For Rent | $3,300 | 0.0% | -- |
| 04/18/2012 04/18/12 | Sold | $250,000 | -3.8% | $271 / Sq Ft |
| 02/02/2012 02/02/12 | Pending | -- | -- | -- |
| 01/27/2012 01/27/12 | For Sale | $260,000 | -- | $282 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $5,254 | $417,533 | $0 | $0 |
| 2023 | $4,908 | $389,600 | $227,100 | $162,500 |
| 2022 | $4,540 | $374,433 | $0 | $0 |
| 2021 | $2,160 | $359,267 | $0 | $0 |
| 2020 | $4,127 | $344,100 | $227,100 | $117,000 |
| 2019 | $4,112 | $344,100 | $227,100 | $117,000 |
| 2018 | $4,111 | $344,100 | $227,100 | $117,000 |
| 2017 | $4,205 | $346,300 | $0 | $0 |
| 2016 | -- | $322,467 | $0 | $0 |
| 2015 | $3,888 | $298,633 | $0 | $0 |
| 2014 | $3,888 | $274,800 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
-
d
Tenant's Agent in 2024
datacorrect BrightMLS
Non Subscribing Office
-
Seller's Agent in 2012
Eunice Chu
RE/MAX
(301) 538-1111
105 Total Sales
-
Buyer's Agent in 2012
Sheron Marshall
RE/MAX
22 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2150298
APN: 05-00380185
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