NOT LISTED FOR SALE

1321 Rainbow Dr Silver Spring, MD 20905

Estimated Value: $639,369 - $690,000

5 Beds
3.5 Baths
2,532 Sq Ft
$264/Sq Ft Est. Value

Last Sold May 02, 2018

Last sale price $466,000 $184 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $4,022/month

2 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • No HOA
  • Cloverly Elementary School Rated A-
  • 1 Fireplace
  • 3-minute walk to Wembrough Neighborhood Park

About This Home

As of May 2018

LOVELY REMODELED HOME THAT IS MOVE-IN READY! NEW CARPET, PAINT, HARDWOOD FLOORING. KITCHEN W/ NEW SS APPLIANCES. SEP DR & LR AREA. REMOD POWDER ROOM. FR W/ FP. MBR SUITE W/ WALK-IN CLOSET, REMOD BATH. 3 OTHER LARGE BR'S ON UPPER LEVEL. FULLY FINISHED BASEMENT W/ 5TH BR, FULL BATH & REC RM. LARGE DECK BACKS TO A LOVELY MANICURED LOT. NEWER HVAC/FURNACE,HWH,WINDOWS,ROOF,GARAGE DOORS, & MORE...

Last Agent to Sell the Property

Seema Rodriguez

(301) 922-1770 s4rodr@yahoo.com RE/MAX Realty Centre, Inc. Listed on: 03/16/2018

RE/MAX Realty Centre, Inc.

Last Buyer's Agent

Jenny Pan

(240) 938-0692 gyingpan88@gmail.com Signature Home Realty LLC

Signature Home Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,742

Year Built

  • Built in 1972

Lot Details

  • 0.25 Acre Lot
  • Property is in very good condition
  • Property is zoned RE1

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Aluminum Siding

Interior Spaces

  • Property has 3 Levels
  • 1 Fireplace
  • Window Treatments
  • Family Room Off Kitchen
  • Wood Flooring
  • Finished Basement
  • Connecting Stairway

Kitchen

  • Electric Oven or Range
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Bathroom
  • 3.5 Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

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

Community Details

  • No Home Owners Association
  • Good Hope Estates Subdivision

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 160500380106

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,742

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, Main, Upper 1
  • Expected On Market: 2018-03-16
  • Year Built: 1972
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Disposal, Dishwasher, Dryer, Exhaust Fan, Refrigerator, Oven/Range - Electric, Stove, Washer, Water Heater, Microwave
  • Interior Amenities: Family Room Off Kitchen, Primary Bath(s), Window Treatments, Wood Floors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Connecting Stairway, Fully Finished
  • Living Area Units: Square Feet
  • Total Sq Ft: 2532
  • Living Area Sq Ft: 2532
  • Price Per Sq Ft: 238.04
  • Above Grade Finished Sq Ft: 1932
  • Below Grade Finished Sq Ft: 600
  • Total Below Grade Sq Ft: 600
  • 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: Aluminum Siding
  • Pool Private: 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: Garage
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Refuse: 205.11
  • 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: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 208900.00
  • Land Assessed Value: 218800.00
  • Lot Size Acres: 0.25
  • Lot Size Area: 11050
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11050.00
  • Property Attached Yn: No
  • Property Condition: Very Good
  • Zoning: RE1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13911949
  • Tax Annual Amount: 4741.82
  • Assessor Parcel Number: 160500380106
  • Tax Lot: 24
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2018
Closed on
May 2, 2018
Sold by
Guth Olivier M and Guth Marie Josee
Bought by
Sun Lei and Lu Liming
Seller's Agent
Seema Rodriguez
RE/MAX Realty Centre, Inc.
Buyer's Agent
Jenny Pan
Signature Home Realty LLC
List Price
$459,900
Sold Price
$466,000
Premium/Discount to List
$6,100
1.33%
Current Estimated Value
$668,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,842
Avg. Annual Appreciation
4.80%
Original Mortgage
$370,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 1999
Sold by
Dorsey Patrick F and Dorsey H J
Bought by
Guth Olivier M and Guth M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Sun Lei $466,000 Landmark Title Services Inc
Guth Olivier M $204,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sun Lei $370,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2018 05/02/18 Sold $466,000 +1.3% $184 / Sq Ft
03/19/2018 03/19/18 Pending -- -- --
03/16/2018 03/16/18 For Sale $459,900 -- $182 / 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 $6,294 $541,733 -- --
2024 $6,294 $507,867 $0 $0
2023 $5,189 $474,000 $218,800 $255,200
2022 $4,776 $458,567 $0 $0
2021 $4,552 $443,133 $0 $0
2020 $4,357 $427,700 $218,800 $208,900
2019 $4,233 $417,867 $0 $0
2018 $4,125 $408,033 $0 $0
2017 $4,050 $398,200 $0 $0
2016 -- $386,167 $0 $0
2015 $3,774 $374,133 $0 $0
2014 $3,774 $362,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000267408

Bright MLS

APN: 05-00380106