Seller's Agent in 2021
David Adebayo
RE/MAX
(301) 603-3606
1 in this area
62 Total Sales
1608 Rainbow Dr Silver Spring, MD 20905
Estimated Value: $669,190 - $686,000
5
Beds
3
Baths
2,710
Sq Ft
$250/Sq Ft
Est. Value
Highlights
- Open Floorplan
- Wood Flooring
- No HOA
- Cloverly Elementary School Rated A-
- 1 Fireplace
- 5-minute walk to Spencerville Local Park
About This Home
As of January 2021*Offer deadline Monday 12/21/2020 @ 5pm* Welcome home to this beautiful example of a split level in Good Hope Estates! Featuring new updates and warranties throughout, this home has just been freshly painted, power washed, cleaned and is ready for move in. This home features all new paint, New stove (warranty), new Fridge (warranty), wide plank hardwood floors, crown molding, recessed lighting throughout, remodeled bathrooms and kitchen, a finished basement with tile, refinished floors upstairs, walk-in closets, Newer kitchen cabinets, and a solar system! The windows are newer, brick façade updated, the roof is 7 yrs old, newer energy saving sump pump has been installed, heavy up has been done, newer insulation in attic, new AC recently done and the gas fireplace has been done. The huge backyard features a well maintained additional entertainment area that opens up to the Spencerville park with a tot lot, baseball field, cricket field, basketball courts, tennis courts, and open fields!
Last Agent to Sell the Property
(301) 603-3606 david@dmvrea.com RE/MAX Excellence Realty Listed on: 12/17/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,148
Year Built
- Built in 1971
Lot Details
- 0.34 Acre Lot
- Property is in average condition
- Property is zoned RE1
Home Design
- Split Level Home
- Shingle Roof
Interior Spaces
- Property has 2 Levels
- Open Floorplan
- Crown Molding
- 1 Fireplace
- Window Treatments
- Dining Area
- Wood Flooring
Kitchen
- Eat-In Kitchen
- Built-In Oven
- Stove
- Built-In Microwave
- Freezer
- Ice Maker
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- Walk-In Closet
Laundry
- Dryer
- Washer
Finished Basement
- Heated Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Basement Windows
Parking
- 10 Parking Spaces
- 5 Driveway Spaces
- 5 Attached Carport Spaces
- Private Parking
- On-Street Parking
Utilities
- Central Heating and Cooling System
- Cooling System Utilizes Natural Gas
- Vented Exhaust Fan
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- Good Hope Estates Subdivision
Listing and Financial Details
- Tax Lot 4
- Assessor Parcel Number 160500378160
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 17, 2020
Closed on
Jan 19, 2021
Sold by
Weese Rita H
Bought by
Browning James W and Browning Melanie I
Seller's Agent
David Adebayo
RE/MAX Excellence Realty
Buyer's Agent
Diane Rioux
Real Broker, LLC - Gaithersburg
List Price
$485,000
Sold Price
$515,000
Premium/Discount to List
$30,000
6.19%
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
$163,298
Avg. Annual Appreciation
5.71%
Original Mortgage
$345,000
Outstanding Balance
$307,315
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$370,983
Purchase Details
Closed on
Jul 21, 2003
Sold by
Weese Rita H and Weese J B
Bought by
Weese Rita H
Purchase Details
Closed on
Apr 29, 1996
Sold by
A James D and A Robins R
Bought by
J Rita H and J Weese B
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 |
|---|---|---|---|
| Browning James W | $515,000 | Sage Title Group Llc | |
| Weese Rita H | -- | -- | |
| J Rita H | $212,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Browning James W | $345,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/19/2021 01/19/21 | Sold | $515,000 | +6.2% | $190 / Sq Ft |
| 12/22/2020 12/22/20 | Pending | -- | -- | -- |
| 12/17/2020 12/17/20 | For Sale | $485,000 | -- | $179 / 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 | $6,218 | $546,733 | -- | -- |
| 2024 | $6,218 | $495,367 | $0 | $0 |
| 2023 | $6,290 | $444,000 | $228,600 | $215,400 |
| 2022 | $4,671 | $443,633 | $0 | $0 |
| 2021 | $4,610 | $443,267 | $0 | $0 |
| 2020 | $9,157 | $442,900 | $228,600 | $214,300 |
| 2019 | $4,456 | $433,367 | $0 | $0 |
| 2018 | $4,352 | $423,833 | $0 | $0 |
| 2017 | $4,156 | $414,300 | $0 | $0 |
| 2016 | $3,658 | $391,233 | $0 | $0 |
| 2015 | $3,658 | $368,167 | $0 | $0 |
| 2014 | $3,658 | $345,100 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
David Adebayo
-
Diane Rioux
Buyer's Agent in 2021
Diane Rioux
Real Broker, LLC - Gaithersburg
(301) 367-1115
2 in this area
53 Total Sales
Map
Source: Bright MLS
MLS Number: MDMC737572
APN: 05-00378160
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