NOT LISTED FOR SALE

1313 Rainbow Dr Silver Spring, MD 20905

Estimated Value: $643,655 - $740,000

4 Beds
3.5 Baths
2,390 Sq Ft
$288/Sq Ft Est. Value

Last Sold April 01, 2014

Last sale price $350,000 $146 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $4,120/month

123 Days on Market

Highlights

  • Open Floorplan
  • Colonial Architecture
  • No HOA
  • Cloverly Elementary School Rated A-
  • Combination Kitchen and Living
  • 4-minute walk to Wembrough Neighborhood Park

About This Home

As of April 2014

HUGE OPPORTUNITY FOR FAMILY HOME ON A LARGE .25 ACRE, THE HOUSE HAS AN OPEN FLOOR PLAN WITH A SKYLIT FAMILY ROOM ADDITION THAT LEADS TO A DECK . SOME TLC REQUIRED PLEASE SEE TO BELIEVE. THIS HOME HAS A FULL BASEMENT, TWO CAR GARAGE, AND A SHED WITH CONCRETE PAD. NO HOA AND HAS SPACE FOR MULTIPLE CARS AND OR TRUCKS. PROPERTY SALES AS IS. INCLUDES ONE YEAR WARRANTY.

Last Agent to Sell the Property

JESSE ROSARIO

jesseb.rosario@gmail.com Spring Hill Real Estate, LLC. License #MRIS:3053497 Listed on: 09/23/2013

Last Buyer's Agent

JESSE ROSARIO

jesseb.rosario@gmail.com Spring Hill Real Estate, LLC. License #MRIS:3053497 Listed on: 09/23/2013

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,593

Year Built

  • Built in 1972

Lot Details

  • 0.25 Acre Lot
  • Property is zoned RE1

Parking

  • 2 Car Attached Garage
  • Free Parking
  • Front Facing Garage
  • Brick Driveway
  • On-Site Parking for Rent

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Combination Kitchen and Living

Kitchen

  • Breakfast Area or Nook
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3.5 Bathrooms

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Side Exterior Basement Entry

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Natural Gas Water Heater
  • Public Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 160500380083

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,593

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1972
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Breakfast Area, Kitchen - Island, Combination Kitchen/Living, Floor Plan - Open
  • Fireplace: No
  • Entry Location: Living Room
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Side Entrance, Outside Entrance, Connecting Stairway, Full, Fully Finished, Heated, Improved
  • Living Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • 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

  • Construction Materials: Combination, Brick
  • Construction Completed: 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: On-Site - Rent, Garage, Free, Brick Driveway
  • Garage Features: Covered Parking, Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Refuse: 213.75
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric, Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas, Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Septic, Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Improvement Assessed Value: 188100.00
  • Land Assessed Value: 190600.00
  • Lot Size Acres: 0.25
  • Lot Size Area: 11050
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11050.00
  • Zoning: RE1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13807032
  • Tax Annual Amount: 4592.82
  • Assessor Parcel Number: 160500380083
  • Tax Lot: 22
  • County Tax Payment Frequency: Annually
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 6, 2015
Sold by
Wilson Vickie L and Gardner Rosemary
Bought by
Gardner Rosemary
Current Estimated Value
$689,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,545
Outstanding Balance
$295,693
Interest Rate
4.19%
Mortgage Type
FHA
Estimated Equity
$393,721

Purchase Details

Listed on
Sep 23, 2013
Closed on
Apr 2, 2014
Sold by
Miranda Jose and Miranda Rosa
Bought by
Gardner Rosemary and Wilson Vickie L
Seller's Agent
JESSE ROSARIO
Spring Hill Real Estate, LLC.
Buyer's Agent
JESSE ROSARIO
Spring Hill Real Estate, LLC.
List Price
$450,000
Sold Price
$350,000
Premium/Discount to List
-$100,000
-22.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.91%
Original Mortgage
$343,660
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 25, 2004
Sold by
Pineda Francisco N and Pineda C R
Bought by
Miranda Jose A and Miranda Rosa
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gardner Rosemary -- Security American Title Llc
Gardner Rosemary $350,000 Executive Title & Escrow Llc
Miranda Jose A $390,000 --
Miranda Jose A $390,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gardner Rosemary $380,545
Closed Gardner Rosemary $343,660
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2014 04/01/14 Sold $350,000 -22.2% $146 / Sq Ft
01/24/2014 01/24/14 Pending -- -- --
01/14/2014 01/14/14 Price Changed $450,000 0.0% $188 / Sq Ft
01/14/2014 01/14/14 For Sale $450,000 +36.4% $188 / Sq Ft
10/11/2013 10/11/13 Pending -- -- --
10/01/2013 10/01/13 Price Changed $329,995 -17.5% $138 / Sq Ft
09/23/2013 09/23/13 For Sale $399,995 -- $167 / 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 $6,177 $530,033 -- --
2024 $6,177 $497,667 $0 $0
2023 $5,088 $465,300 $218,800 $246,500
2022 $4,801 $460,800 $0 $0
2021 $4,623 $456,300 $0 $0
2020 $4,623 $451,800 $218,800 $233,000
2019 $4,487 $440,867 $0 $0
2018 $4,367 $429,933 $0 $0
2017 $4,331 $419,000 $0 $0
2016 -- $405,567 $0 $0
2015 $4,006 $392,133 $0 $0
2014 $4,006 $378,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Bright MLS

MLS Number: 1003727064

Bright MLS

APN: 05-00380083