NOT LISTED FOR SALE

1508 Rainbow Dr Silver Spring, MD 20905

Estimated Value: $669,784 - $722,000

4 Beds
3 Baths
2,600 Sq Ft
$266/Sq Ft Est. Value

Last Sold September 30, 2016

Last sale price $420,000 $162 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $4,250/month

46 Days on Market

Highlights

  • Open Floorplan
  • Colonial Architecture
  • Wooded Lot
  • Cloverly Elementary School Rated A-
  • Premium Lot
  • 5-minute walk to Spencerville Local Park

About This Home

As of September 2016

Enjoy life on wide quiet street in manicured nhbhd near everything. Expanded flexible open design offers amazing entertainment wing wi/FB, ceramic & WB FP overlooking fun lvl partly shaded yet open lot. Beautiful SS granite breakfast bar kitchen plus hardwood in formal LR DR & den.Updates throughout. 3 big BRs up, 2nd master possible on main lvl. Off-street parking. Spencerville Ball Park nearby!

Last Agent to Sell the Property

Joan Walsh

Samson Properties License #35199 Listed on: 07/10/2016

Samson Properties

Co-Listed By

Norine Thomas

RE/MAX Realty Group License #79728

Last Buyer's Agent

Shanazar Beasley

Taylor Properties License #658266

Taylor Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,990

Year Built

  • Built in 1972 | Remodeled in 2006

Lot Details

  • 0.34 Acre Lot
  • Split Rail Fence
  • Back Yard Fenced
  • Wire Fence
  • Landscaped
  • Extensive Hardscape
  • Premium Lot
  • Open Lot
  • The property's topography is level
  • Wooded Lot
  • Property is in very good condition
  • Property is zoned RE1

Home Design

  • Colonial Architecture
  • Shingle Roof
  • Brick Front

Interior Spaces

  • 2,600 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Built-In Features
  • Ceiling height of 9 feet or more
  • Recessed Lighting
  • Fireplace With Glass Doors
  • Fireplace Mantel
  • Window Screens
  • French Doors
  • Six Panel Doors
  • Family Room
  • Living Room
  • Dining Area
  • Wood Flooring
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Microwave
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 3 Full Bathrooms
  • Whirlpool Bathtub

Parking

  • Parking Space Number Location: 2
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Patio
  • Shed
  • Porch

Schools

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

Utilities

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

Community Details

  • No Home Owners Association
  • Good Hope Estates Subdivision, Expanded Open Traditional Floorplan

Listing and Financial Details

  • Tax Lot 53
  • Assessor Parcel Number 160500379836

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,990

Year Built

Built in 1972 | Remodeled in 2006

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2016-07-11
  • Year Built: 1972
  • Year Renovated: 2006
  • Remarks Public: Enjoy life on wide quiet street in manicured nhbhd near everything. Expanded flexible open design offers amazing entertainment wing wi/FB, ceramic & WB FP overlooking fun lvl partly shaded yet open lot. Beautiful SS granite breakfast bar kitchen plus hardwood in formal LR DR & den.Updates throughout. 3 big BRs up, 2nd master possible on main lvl. Off-street parking. Spencerville Ball Park nearby!
  • Special Assessment Payment: Annually
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Icemaker, Microwave, Refrigerator
  • Interior Amenities: Dining Area, Breakfast Area, Kitchen - Table Space, Kitchen - Eat-In, Entry Level Bedroom, Built-Ins, Upgraded Countertops, Primary Bath(s), Whirlpool/Hottub, Wood Floors, Recessed Lighting, Floor Plan - Open, Floor Plan - Traditional
  • Window Features: Screens
  • Fireplace Features: Fireplace - Glass Doors, Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: French, Six Panel
  • Wall Ceiling Types: 9'+ Ceilings
  • Entry Location: Foyer
  • Levels Count: 2
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2600
  • Living Area Sq Ft: 2600
  • Price Per Sq Ft: 169.19
  • Above Grade Finished Sq Ft: 2600
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1508

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Shed
  • Construction Materials: Brick, Combination, Brick Front
  • Exterior Features: Extensive Hardscape
  • Pool Private: No
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Space Number Assigned: 2
  • Type Of Parking: Off Street, On Street

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 Septic
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: MONTGOMERY COUNTY PUBLIC SCHOOLS
  • Elementary School: CLOVERLY
  • Middle School: BRIGGS CHANEY
  • High School: PAINT BRANCH
  • School District Key: 121138126809
  • Elementary School: CLOVERLY
  • High School: PAINT BRANCH
  • Middle Or Junior School: BRIGGS CHANEY

Lot Info

  • Fencing: Fully, Rear, Split Rail, Wire
  • Improvement Assessed Value: 133900.00
  • Land Assessed Value: 228800.00
  • Lot Features: Landscaping, Premium, Trees/Wooded, Open
  • Lot Size Acres: 0.34
  • Lot Size Area: 14898
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 14898.00
  • Outdoor Living Structures: Patio(s), Porch(es)
  • Property Attached Yn: No
  • Property Condition: Very Good
  • Topography: Level
  • Year Assessed: 2016
  • Zoning: RE1

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 13911940
  • Tax Annual Amount: 3990.48
  • Assessor Parcel Number: 160500379836
  • Tax Lot: 53
  • Tax Total Finished Sq Ft: 2196
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016
  • Close Date: 09/30/2016

MLS Schools

  • School District Name: MONTGOMERY COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2016
Closed on
Sep 30, 2016
Sold by
Wilson Seymone A
Bought by
Cunningham Nadine E and Ford Essien E
Seller's Agent
Joan Walsh
Samson Properties
Buyer's Agent
Shanazar Beasley
Taylor Properties
List Price
$439,999
Sold Price
$420,000
Premium/Discount to List
-$19,999
-4.55%
Current Estimated Value
$690,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$270,267
Avg. Annual Appreciation
5.60%
Original Mortgage
$412,392
Interest Rate
3.57%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 25, 2010
Sold by
Urla Antonieta and Urla Julio
Bought by
Us Bank National Association

Purchase Details

Closed on
Jun 28, 2006
Sold by
Urla Antonieta
Bought by
Urla Antonieta and Urla Julio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,100
Interest Rate
8.55%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 30, 2006
Sold by
Urla Antonieta
Bought by
Urla Antonieta and Urla Julio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$449,100
Interest Rate
8.55%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Mar 19, 2002
Sold by
Federal National Mortgage Assn
Bought by
Urla Antonieta

Purchase Details

Closed on
Mar 13, 2001
Sold by
Nwosu Theresa A
Bought by
Federal National Mortgage Assn

Purchase Details

Closed on
Sep 14, 1993
Sold by
Covington M S
Bought by
Nwosu Theresa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
7.21%
Source: Public Records

Range of Values:

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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
Cunningham Nadine E $420,000 Certified Title Corp
Us Bank National Association $360,000 --
Urla Antonieta -- --
Urla Antonieta -- --
Urla Antonieta $227,000 --
Federal National Mortgage Assn $195,800 --
Nwosu Theresa A $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cunningham Nadine E $64,022
Previous Owner Cunningham Nadine E $412,392
Previous Owner Urla Antonieta $449,100
Previous Owner Urla Antonieta $449,100
Previous Owner Urla Antonieta $386,750
Previous Owner Nwosu Theresa A $148,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2016 09/30/16 Sold $420,000 -4.5% $162 / Sq Ft
08/26/2016 08/26/16 Pending -- -- --
07/10/2016 07/10/16 For Sale $439,999 -- $169 / 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 $5,640 $517,333 -- --
2024 $5,640 $451,067 $0 $0
2023 $5,545 $384,800 $228,800 $156,000
2022 $3,962 $384,800 $228,800 $156,000
2021 $3,903 $384,800 $228,800 $156,000
2020 $3,903 $386,600 $228,800 $157,800
2019 $3,801 $378,633 $0 $0
2018 $3,712 $370,667 $0 $0
2017 $3,697 $362,700 $0 $0
2016 $3,731 $347,700 $0 $0
2015 $3,731 $332,700 $0 $0
2014 $3,731 $317,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joan Walsh

    Seller's Agent in 2016

    Joan Walsh

    Samson Properties

    (410) 215-4792

    13 Total Sales

    Section Image
  • Norine Thomas

    Seller Co-Listing Agent in 2016

    Norine Thomas

    Remax 100

    (410) 984-2323

    31 Total Sales

    Section Image
  • Shanazar Beasley

    Buyer's Agent in 2016

    Shanazar Beasley

    Taylor Properties

    (443) 413-0468

    33 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: 1002442563

Bright MLS

APN: 05-00379836

Maryland Montgomery County Silver Spring 20905

1508 Rainbow Dr, Silver Spring, MD

This home is located at 1508 Rainbow Dr, Silver Spring, MD 20905 since 10 July 2016 and is currently estimated at $691,196, approximately $265 per square foot. This property was built in 1972. 1508 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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