Seller's Agent in 2023
Kimberly Rice
TTR Sotheby's International Realty
(301) 455-4176
1 in this area
54 Total Sales
1601 Rainbow Dr Silver Spring, MD 20905
Estimated Value: $649,000 - $694,000
4
Beds
3.5
Baths
2,096
Sq Ft
$321/Sq Ft
Est. Value
Highlights
- Eat-In Gourmet Kitchen
- Colonial Architecture
- Traditional Floor Plan
- Cloverly Elementary School Rated A-
- Deck
- 4-minute walk to Spencerville Local Park
About This Home
As of May 2023It’s fair to say, Your Search is OVER. 1601 Rainbow Drive is the answer to your prayers and presents the character you’ve been waiting for. This stunning Move-In Ready Colonial rests on a larger manicured corner lot, with a bright and inviting floor plan providing a flow conducive to comfortable living and entertaining - spanned across well over 3,000 square feet.
Make Yourself At-Home with the Main Level where you’ll find the Living and Dining Rooms, A Powder Room, a Family Room with Wood-Like Luxury Laminate Flooring and a Brick Fireplace, and finally an Eat-In Kitchen with Italian granite counters and views leading to a gorgeous New Deck and Rear Yard.
The Upper Level offers Four generously proportioned Bedrooms and 2 Full Bathrooms (Both with Jet-Tubs). The Owner’s suite includes an Ensuite Luxury Soaking Jet tub, Large Walk-In Closet, granite countertops vanity, and a separate shower.
Enjoy more recreational and living space in the large, fully finished basement with a Full Bathroom and Wet Bar. This home presents such charm and is nestled in Good Hope Estates community where there is a newly built Neighborhood Recreation Center with sports, fitness, and social activities and the Spencerville Local Park where there are endless outdoor activities offered to enjoy – all within walking distance.
Other key features include an attached, two-car garage accessible via mudroom, homes interior freshly repainted, New Hot water heater installed, Recently Serviced 2-Zoned HVAC System, a New Roof and an expansive driveway. And More Great News – NO HOA!
Location couldn’t be more convenient as its minutes away from MD-650, MD-108, MD-198, 495, US-29, the 200-ICC, and Public Transportation. Also, close proximity to FDA, Shopping, Parks, Restaurants, and Many Other Amenities.
Offers Deadline is SUNDAY April 16, 2023 8:30PM
Last Agent to Sell the Property
(301) 455-4176 krice929@gmail.com TTR Sotheby's International Realty Listed on: 04/12/2023
Last Buyer's Agent
(202) 352-7116 endeg.abebe@longandfoster.com Long & Foster Real Estate, Inc. License #0225248738VA
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,213
Year Built
- Built in 1974
Lot Details
- 0.3 Acre Lot
- Corner Lot
- Property is in excellent condition
- Property is zoned RE1
Parking
- 2 Car Direct Access Garage
- 6 Driveway Spaces
- Oversized Parking
- Parking Storage or Cabinetry
- Side Facing Garage
- Garage Door Opener
Home Design
- Colonial Architecture
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- Property has 3 Levels
- Traditional Floor Plan
- Wet Bar
- Built-In Features
- Bar
- Ceiling Fan
- Recessed Lighting
- Screen For Fireplace
- Brick Fireplace
- French Doors
- Family Room Off Kitchen
- Dining Area
- Basement
- Connecting Stairway
Kitchen
- Eat-In Gourmet Kitchen
- Breakfast Area or Nook
- Electric Oven or Range
- Stove
- Built-In Microwave
- Extra Refrigerator or Freezer
- Freezer
- Ice Maker
- Dishwasher
- Disposal
Flooring
- Wood
- Heavy Duty
- Laminate
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- Whirlpool Bathtub
Laundry
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Deck
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Oil
- Vented Exhaust Fan
- Oil Water Heater
Community Details
- No Home Owners Association
- Good Hope Estates Subdivision
Listing and Financial Details
- Tax Lot 7
- Assessor Parcel Number 160500378001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 12, 2023
Closed on
Apr 27, 2023
Sold by
Doukmadjian Ojene
Bought by
Amare Wondale M
Seller's Agent
Kimberly Rice
TTR Sotheby's International Realty
Buyer's Agent
Endeg Abebe
Long & Foster Real Estate, Inc.
List Price
$589,900
Sold Price
$640,000
Premium/Discount to List
$50,100
8.49%
Views
48
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,774
Avg. Annual Appreciation
1.81%
Original Mortgage
$416,000
Outstanding Balance
$404,496
Interest Rate
6.42%
Mortgage Type
New Conventional
Estimated Equity
$267,278
Purchase Details
Closed on
Mar 13, 2003
Sold by
Doukmadjian Haroutioun
Bought by
Doukmadjian Haroutioun and Doukmadjian Ojene
Purchase Details
Closed on
Mar 18, 2002
Sold by
Enkenhus Anna
Bought by
Doukmadjian Haroutioun
Purchase Details
Closed on
Oct 25, 1994
Sold by
Enkenhus Anna
Bought by
Doukmadjian Vatche
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
8.49%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Amare Wondale M | $640,000 | None Listed On Document | |
| Doukmadjian Haroutioun | -- | -- | |
| Doukmadjian Haroutioun | $216,300 | -- | |
| Doukmadjian Vatche | $185,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Amare Wondale M | $416,000 | |
| Previous Owner | Doukmadjian Vatche | $148,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/03/2023 05/03/23 | Sold | $640,000 | +8.5% | $305 / Sq Ft |
| 04/17/2023 04/17/23 | Pending | -- | -- | -- |
| 04/12/2023 04/12/23 | For Sale | $589,900 | -- | $281 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $6,178 | $556,267 | -- | -- |
| 2024 | $6,178 | $497,833 | $0 | $0 |
| 2023 | $5,482 | $439,400 | $223,800 | $215,600 |
| 2022 | $5,213 | $435,500 | $0 | $0 |
| 2021 | $2,524 | $431,600 | $0 | $0 |
| 2020 | $5,049 | $427,700 | $223,800 | $203,900 |
| 2019 | $4,928 | $418,133 | $0 | $0 |
| 2018 | $4,823 | $408,567 | $0 | $0 |
| 2017 | $4,106 | $399,000 | $0 | $0 |
| 2016 | -- | $387,067 | $0 | $0 |
| 2015 | $3,740 | $375,133 | $0 | $0 |
| 2014 | $3,740 | $363,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Kimberly Rice
-
Endeg Abebe
Buyer's Agent in 2023
Endeg Abebe
Long & Foster
(202) 352-7116
1 in this area
71 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC2088120
APN: 05-00378001
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