NOT LISTED FOR SALE

1413 Rainbow Dr Silver Spring, MD 20905

Estimated Value: $665,196 - $688,000

4 Beds
4 Baths
3,102 Sq Ft
$220/Sq Ft Est. Value

Last Sold June 02, 2021

Last sale price $580,000 $187 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,065/month

5 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Combination Kitchen and Living
  • Cloverly Elementary School Rated A-
  • Corner Lot
  • No HOA

About This Home

As of June 2021

*OFFERS WILL BE DUE TUESDAY 4/27 AT 12PM*Striking architecture, distinctive design, and the perfect location to enjoy a relaxed and easy lifestyle. This remodeled custom-built move-in ready, one of a kind stunning 4BR/4BA home is on a large corner lot boasting over 3100 total square feet of living space in the desirable sought-after community of Good Hope Estates. From the open-concept eat-in kitchen and living space to the large gated fenced backyard, there is plenty of room for everyone to enjoy. Recent updates include hardwood and ceramic flooring throughout, new stainless steel appliances, granite countertops, and custom window treatments. Finished basement with powder room and separate room that is perfect for a theater or home office. Large split level patio with a cozy, spacious front porch, perfect for entertaining. 2 car garage and oversized driveway. Convenient location with park in the neighborhood, close to shopping and easy access to ICC/95/270, the metro and much more! For community details visit www.gheca.org. Don’t miss out on this opportunity!

Last Agent to Sell the Property

Brianna Madura

(202) 679-2697 brianna@spicerrealestate.com Spicer Real Estate License #SP98375024 Listed on: 04/21/2021

Last Buyer's Agent

Christopher Miller

(443) 223-8122 chris.miller@cornerhouserealty.com Samson Properties License #636958

Samson Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,941

Year Built

  • Built in 1973

Lot Details

  • 0.31 Acre Lot
  • Back Yard Fenced
  • Corner Lot
  • Property is in very good condition
  • Property is zoned RE1

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Colonial Architecture
  • Slate Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • Property has 3 Levels
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Fireplace
  • Sliding Doors
  • Family Room Off Kitchen
  • Combination Kitchen and Living
  • Formal Dining Room

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Upgraded Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Laundry in Basement

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Porch

Schools

  • Cloverly Elementary School
  • Briggs Chaney Middle School
  • Paint Branch High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Good Hope Estates Subdivision

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 160500379621

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,941

Year Built

Built in 1973

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2021-04-21
  • Federal Flood Zone: No
  • Year Built: 1973
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Cooktop, Dishwasher, Disposal, Dryer, Oven - Wall, Refrigerator, Stainless Steel Appliances, Washer
  • Flooring Type: Wood, Ceramic Tile
  • Interior Amenities: Ceiling Fan(s), Combination Kitchen/Living, Dining Area, Family Room Off Kitchen, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Table Space, Primary Bath(s), Recessed Lighting, Stall Shower, Tub Shower, Upgraded Countertops, Wood Floors
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Sliding Glass
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Basement
  • Basement: Yes
  • Basement Type: Full, Fully Finished, Interior Access
  • Laundry Type: Basement
  • Total Sq Ft: 3102
  • Living Area Sq Ft: 3102
  • Price Per Sq Ft: 297.62
  • Above Grade Finished Sq Ft: 1932
  • Below Grade Finished Sq Ft: 1170
  • Total Below Grade Sq Ft: 1170
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Half Bathrooms: 1
  • Lower Level Half Bathroom: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • Exterior Features: Sidewalks
  • Roof: Composite, Slate
  • Spa: No
  • View: Street
  • 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
  • Garage Features: Garage - Front Entry, Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Refuse: 213.26
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Fee Information

  • Front Foot Fee Pymt Freq: Annually

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: CLOVERLY
  • High School: PAINT BRANCH
  • Middle Or Junior School: BRIGGS CHANEY

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Fencing: Rear, Fully
  • Improvement Assessed Value: 216000.00
  • Land Assessed Value: 225000.00
  • Lot Features: Corner
  • Lot Size Acres: 0.31
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13442.00
  • Outdoor Living Structures: Porch(es)
  • Property Condition: Very Good
  • Zoning: RE1
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13843335
  • Tax Annual Amount: 4941.00
  • Assessor Parcel Number: 160500379621
  • Tax Lot: 17
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2021
Closed on
May 28, 2021
Sold by
Bailey Richard E and Bailey Marlene M
Bought by
Johnson Katielyn and Johnson Brian Rudolph
Seller's Agent
Brianna Madura
Spicer Real Estate
Buyer's Agent
Christopher Miller
Samson Properties
List Price
$575,000
Sold Price
$580,000
Premium/Discount to List
$5,000
0.87%
Current Estimated Value
$681,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,799
Avg. Annual Appreciation
3.56%
Original Mortgage
$580,315
Outstanding Balance
$525,403
Interest Rate
2.9%
Mortgage Type
VA
Estimated Equity
$156,396

Purchase Details

Closed on
Sep 2, 2008
Sold by
Bailey Richard E
Bought by
Bailey Richard E

Purchase Details

Closed on
Aug 6, 2008
Sold by
Bailey Richard E
Bought by
Bailey Richard E

Purchase Details

Closed on
Apr 8, 2008
Sold by
Carrillo Juan R
Bought by
Bailey Richard E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 29, 2008
Sold by
Carrillo Juan R
Bought by
Bailey Richard E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 12, 2005
Sold by
Smith Virginia
Bought by
Carrillo Juan R and Munoz Eva E

Purchase Details

Closed on
Apr 29, 2005
Sold by
Smith Virginia
Bought by
Carrillo Juan R and Munoz Eva E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Johnson Katielyn $580,000 Accommodation
Bailey Richard E -- --
Bailey Richard E -- --
Bailey Richard E $450,000 --
Bailey Richard E $450,000 --
Carrillo Juan R $451,000 --
Carrillo Juan R $451,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Katielyn $580,315
Previous Owner Bailey Richard E $405,000
Previous Owner Bailey Richard E $405,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2021 06/02/21 Sold $580,000 +0.9% $187 / Sq Ft
04/27/2021 04/27/21 Pending -- -- --
04/21/2021 04/21/21 For Sale $575,000 -- $185 / 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 $5,989 $521,733 -- --
2024 $5,989 $481,367 $0 $0
2023 $4,808 $441,000 $225,000 $216,000
2022 $4,538 $437,000 $0 $0
2020 $4,371 $429,000 $225,000 $204,000
2019 $4,250 $419,367 $0 $0
2018 $4,144 $409,733 $0 $0
2017 $4,072 $400,100 $0 $0
2016 -- $388,067 $0 $0
2015 $3,820 $376,033 $0 $0
2014 $3,820 $364,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDMC753500

Bright MLS

APN: 05-00379621