P
Landlord's Agent in 2026
Patrick Freeze
Bay Property Management Group
(240) 778-3264
1312 Rainbow Dr Silver Spring, MD 20905
Estimated Value: $477,000 - $532,000
4
Beds
2
Baths
1,422
Sq Ft
$357/Sq Ft
Est. Value
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 February 2026Charming 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 non refundable pet fee! 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.
Last Agent to Rent the Property
(443) 708-4698 bmgrentals@baymgmtgroup.com Bay Property Management Group Brokerage Phone: 4437084698 Listed on: 11/26/2025
Last Renter's Agent
(844) 552-7444 datacorrect@brightmls.com Non Subscribing Office License #0225194075
Home Details
Home Type
- Single Family
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
- 14,238 Sq Ft Lot
- Forced Air Heating and Cooling System
Community Details
- $40 Other Monthly Fees
- Silver Spring Subdivision
Listing and Financial Details
- Residential Lease
- Security Deposit $2,850
- 12-Month Min and 24-Month Max Lease Term
- Available 1/20/26
- 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
Northrop Realty
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
$258,067
Avg. Annual Appreciation
5.20%
Original Mortgage
$200,000
Outstanding Balance
$27,322
Interest Rate
4.08%
Mortgage Type
New Conventional
Estimated Equity
$480,745
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
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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 | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/25/2026 02/25/26 | Rented | $2,850 | 0.0% | -- | |
| 12/31/2025 12/31/25 | Price Changed | $2,850 | -8.1% | $2 / Sq Ft | |
| 11/26/2025 11/26/25 | For Rent | $3,100 | 0.0% | -- | |
| 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 | View Prior Sale |
| 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
| 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 | $5,254 | $445,467 | -- | -- |
| 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
-
Patrick Freeze
-
datacorrect BrightMLS
d
Tenant's Agent in 2026
datacorrect BrightMLS
Non Subscribing Office
-
Eunice Chu
Seller's Agent in 2012
Eunice Chu
Creig Northrop Team of Long & Foster
(301) 538-1111
90 Total Sales
-
Sheron Marshall
Buyer's Agent in 2012
Sheron Marshall
RE/MAX
22 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2209344
APN: 05-00380185
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