NOT LISTED FOR SALE

Estimated Value: $517,906 - $590,000

3 Beds
2.5 Baths
2,430 Sq Ft
$229/Sq Ft Est. Value

Last Sold July 14, 2023

Last sale price $499,000 $205 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $3,350/month

28 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • Wood Flooring
  • Clubhouse
  • Traditional Floor Plan
  • Upgraded Countertops

About This Home

As of July 2023

7206 Rainbow Lane is in the Clover Hill Community; 3 bedrooms, 2.5 bathrooms, partially finished basement, two-car attached garage, and a lovely large backyard deck. Approximately 2,500 sq. ft. of living space and another 200 square feet of crawl space storage in the basement. The extended family room, with a wood-burning fireplace, connects to an open-plan kitchen. Solid hardwood on the entire first floor. Glass-paned doors can separate the formal living and dining room from the rest of the home. The rear yard has a 30 ft. x 16 ft. composite deck and shed.

Last Agent to Sell the Property

Rose Thomas

(301) 748-4330 rose.thomas@pmpbiz.com Property Management People, Inc. Listed on: 05/05/2023

Co-Listed By

Ed Thomas

(301) 748-0772 ed.thomas@pmpbiz.com Property Management People, Inc.

Last Buyer's Agent

Donna Yocum

(301) 639-5465 donna@waldnerwintersteam.com Keller Williams Realty Centre

Keller Williams Realty Centre

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,900

Year Built

  • Built in 1985

Lot Details

  • 10,184 Sq Ft Lot
  • South Facing Home
  • Picket Fence
  • Property is zoned R5

HOA Fees

  • $27 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Property has 2 Levels
  • Traditional Floor Plan
  • Chair Railings
  • Crown Molding
  • Ceiling Fan
  • Fireplace With Glass Doors
  • Fireplace Mantel
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Insulated Windows
  • Window Treatments
  • Family Room Off Kitchen
  • Living Room
  • Dining Room
  • Wood Flooring
  • Attic Fan
  • Exterior Cameras

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Oven or Range
  • Self-Cleaning Oven
  • Microwave
  • Ice Maker
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Bathroom

Laundry

  • Front Loading Dryer
  • Washer

Partially Finished Basement

  • Heated Basement
  • Connecting Stairway
  • Interior Basement Entry
  • Sump Pump
  • Laundry in Basement

Eco-Friendly Details

  • Energy-Efficient Appliances

Outdoor Features

  • Deck
  • Shed
  • Porch

Schools

  • Monocacy Elementary And Middle School
  • Governor Thomas Johnson High School

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Well
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1128547706

Community Details

Overview

  • Clover Hill Civic Association
  • Clover Hill Subdivision
  • Property Manager

Amenities

  • Picnic Area
  • Clubhouse

Recreation

  • Baseball Field
  • Soccer Field
  • Community Basketball Court
  • Community Playground
  • Community Pool
  • Jogging Path
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,900

Year Built

Built in 1985

Lot Details

0

HOA Fees

$27 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1985
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Disposal, Exhaust Fan, Icemaker, Dryer - Front Loading, Oven - Self Cleaning, Refrigerator, Microwave, Energy Efficient Appliances, Oven/Range - Electric, Washer
  • Interior Amenities: Family Room Off Kitchen, Kitchen - Table Space, Dining Area, Breakfast Area, Primary Bath(s), Crown Moldings, Upgraded Countertops, Chair Railings, Window Treatments, Floor Plan - Traditional, Attic/House Fan, Ceiling Fan(s), Wood Floors
  • Window Features: Double Pane, Energy Star Qualified, Insulated
  • Fireplace Features: Fireplace - Glass Doors, Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Concrete Perimeter
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Basement
  • Basement: Yes
  • Basement Type: Partially Finished, Connecting Stairway, Heated, Improved, Interior Access, Sump Pump
  • Laundry Type: Basement
  • Total Sq Ft: 2602
  • Living Area Sq Ft: 2430
  • Price Per Sq Ft: 266.84
  • Above Grade Finished Sq Ft: 1930
  • Below Grade Finished Sq Ft: 500
  • Below Grade Sq Ft: 172
  • Total Below Grade Sq Ft: 672
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Frame
  • Roof: Composite
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Off Street, Attached Garage
  • Off Street Parking Spaces: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Ceiling Fan(s)
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Security: Exterior Cameras
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Electric Available, Phone Available, Sewer Available
  • Water Source: Well
  • Municipal Trash: No
  • Internet Services: Cable

Condo/Co-op/Association

  • HOA Fees: 325.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Baseball Field, Basketball Courts, Bike Trail, Club House, Jog/Walk Path, Picnic Area, Pool - Outdoor, Soccer Field, Tot Lots/Playground
  • HOA Name: CLOVER HILL CIVIC ASSOCIATION
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: MONOCACY
  • High School: GOVERNOR THOMAS JOHNSON
  • Middle Or Junior School: MONOCACY

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Fencing: Picket
  • Lot Size Acres: 0.23
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10184.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Zoning: R5
  • In City Limits: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: Yes

Tax Info

  • Tax Annual Amount: 3900.00
  • Assessor Parcel Number: 1128547706
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: FREDERICK COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2023
Closed on
Jul 14, 2023
Sold by
Thomas Kyle N and Thomas Carey L
Bought by
Matrone Jeffrey Paul and Matrone Arthur Holly
Seller's Agent
Rose Thomas
Property Management People, Inc.
Buyer's Agent
Donna Yocum
Keller Williams Realty Centre
List Price
$515,000
Sold Price
$499,000
Premium/Discount to List
-$16,000
-3.11%
Views
181
Current Estimated Value
$557,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,227
Avg. Annual Appreciation
4.63%
Original Mortgage
$474,050
Outstanding Balance
$461,286
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$95,941

Purchase Details

Listed on
May 1, 2014
Closed on
Aug 29, 2014
Sold by
Gibson Daniel A and Gibson Jessica P
Bought by
Thomas Kyle N and Thomas Carey L
Seller's Agent
Julie Saxon
Mackintosh, Inc.
Buyer's Agent
Rose Thomas
Property Management People, Inc.
List Price
$360,000
Sold Price
$335,000
Premium/Discount to List
-$25,000
-6.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.59%
Original Mortgage
$284,750
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2009
Sold by
Hildebrand Linda M
Bought by
Gibson Jessica P and Gibson Daniel A

Purchase Details

Closed on
Apr 29, 1997
Sold by
Schaff Boyd F
Bought by
Hildebrand Linda M and Schaff Boyd F

Purchase Details

Closed on
Jun 1, 1987
Sold by
Zimmerman Gary E and Penny Lea
Bought by
Schaff Boyd F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
10.7%
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
Matrone Jeffrey Paul $499,000 Lakeside Title
Matrone Jeffrey Paul $499,000 Lakeside Title
Thomas Kyle N $335,000 None Available
Gibson Jessica P $315,000 --
Hildebrand Linda M -- --
Schaff Boyd F $154,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Matrone Jeffrey Paul $474,050
Closed Matrone Jeffrey Paul $474,050
Previous Owner Thomas Kyle N $284,750
Previous Owner Schaff Boyd F $120,000
Closed Gibson Jessica P --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/14/2023 07/14/23 Sold $499,000 -3.1% $205 / Sq Ft
05/05/2023 05/05/23 For Sale $515,000 +53.7% $212 / Sq Ft
08/29/2014 08/29/14 Sold $335,000 -5.5% $154 / Sq Ft View Prior Sale
07/04/2014 07/04/14 Pending -- -- --
06/02/2014 06/02/14 Price Changed $354,500 -1.5% $163 / Sq Ft
05/01/2014 05/01/14 For Sale $360,000 -- $165 / 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 $4,842 $422,500 $105,600 $316,900
2024 $4,842 $392,600 $0 $0
2023 $4,300 $362,700 $0 $0
2022 $3,988 $332,800 $90,100 $242,700
2021 $3,872 $328,167 $0 $0
2020 $3,880 $323,533 $0 $0
2019 $3,792 $318,900 $70,100 $248,800
2018 $3,695 $315,233 $0 $0
2017 $3,290 $318,900 $0 $0
2016 $3,958 $307,900 $0 $0
2015 $3,958 $307,900 $0 $0
2014 $3,958 $307,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: MDFR2034460

Bright MLS

APN: 28-547706