NOT LISTED FOR SALE

1316 Rainbow Dr Silver Spring, MD 20905

Estimated Value: $519,000 - $593,000

-- Bed
3 Baths
1,395 Sq Ft
$402/Sq Ft Est. Value

About This Home

This home is located at 1316 Rainbow Dr, Silver Spring, MD 20905 and is currently estimated at $561,433, approximately $402 per square foot. 1316 Rainbow Dr is a home located in Montgomery County with nearby schools including Cloverly Elementary School, Briggs Chaney Middle School, and Paint Branch High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2021
Sold by
Smith Matthew P and Smith Joo
Bought by
Smith Matthew P and Smith Joo
Current Estimated Value
$561,433

Purchase Details

Closed on
Nov 2, 2015
Sold by
Smith Matthew P and Smith Richard A
Bought by
Smith Matthew P and Smith Joo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,745
Outstanding Balance
$2,679
Interest Rate
3.87%
Mortgage Type
New Conventional
Estimated Equity
$558,754

Purchase Details

Closed on
Jun 13, 2003
Sold by
Sheldon Charles D and Sheldon L
Bought by
Smith Matthew P and Smith Richard A
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Smith Matthew P -- Accommodation
Smith Matthew P -- Pinnacle Tilte & Escrow Inc
Smith Matthew P $279,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Matthew P $133,745
Source: Public Records

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 $5,012 $422,833 -- --
2024 $5,012 $396,467 $0 $0
2023 $3,992 $370,100 $221,600 $148,500
2022 $3,632 $354,933 $0 $0
2021 $3,219 $339,767 $0 $0
2020 $3,219 $324,600 $221,600 $103,000
2019 $3,135 $318,300 $0 $0
2018 $3,064 $312,000 $0 $0
2017 $3,056 $305,700 $0 $0
2016 -- $292,100 $0 $0
2015 $3,030 $278,500 $0 $0
2014 $3,030 $264,900 $0 $0
Source: Public Records

Map

Maryland Montgomery County Silver Spring 20905

1316 Rainbow Dr, Silver Spring, MD

This home is located at 1316 Rainbow Dr, Silver Spring, MD 20905 and is currently estimated at $561,433, approximately $402 per square foot. 1316 Rainbow Dr is a home located in Montgomery County with nearby schools including Cloverly Elementary School, Briggs Chaney Middle School, and Paint Branch High School.

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