NOT LISTED FOR SALE

7214 Rainbow Ln Frederick, MD 21702

Clover Hill Neighborhood

Estimated Value: $514,000 - $568,000

-- Bed
4 Baths
1,864 Sq Ft
$286/Sq Ft Est. Value

About This Home

This home is located at 7214 Rainbow Ln, Frederick, MD 21702 and is currently estimated at $533,022, approximately $285 per square foot. 7214 Rainbow Ln is a home located in Frederick County with nearby schools including Monocacy Elementary School, Monocacy Middle School, and Gov. Thomas Johnson High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 17, 2020
Sold by
Morris Robert W and Morris Judith A
Bought by
Hailu Sharew and Hailu Megan
Current Estimated Value
$533,022

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,100
Outstanding Balance
$325,120
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$212,491

Purchase Details

Closed on
Mar 10, 2004
Sold by
Leslie R Reid F Rhea
Bought by
Morris Robert W and Morris Judith A

Purchase Details

Closed on
Mar 18, 1987
Sold by
Goethals Gerald B
Bought by
Rhea Leslie R and Rhea F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
9.05%

Purchase Details

Closed on
Oct 21, 1983
Sold by
Clover Hill Ii Ltd Partnership
Bought by
Goethals Gerald B
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Hailu Sharew $399,000 Excalibur T&E Llc
Morris Robert W $300,000 --
Rhea Leslie R $145,000 --
Goethals Gerald B $115,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hailu Sharew $359,100
Previous Owner Morris Robert W $106,000
Previous Owner Morris Robert W $126,000
Previous Owner Rhea Leslie R $75,000
Closed Morris Robert W --
Source: Public Records

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 $4,477 $392,700 $105,700 $287,000
2024 $4,477 $362,467 $0 $0
2023 $3,947 $332,233 $0 $0
2022 $3,595 $302,000 $90,200 $211,800
2021 $3,595 $302,000 $90,200 $211,800
2020 $3,627 $302,000 $90,200 $211,800
2019 $3,607 $303,000 $70,300 $232,700
2018 $3,511 $299,600 $0 $0
2017 $3,489 $303,000 $0 $0
2016 $3,285 $292,800 $0 $0
2015 $3,285 $292,800 $0 $0
2014 $3,285 $292,800 $0 $0
Source: Public Records

Map

Maryland Frederick County Frederick 21702 Clover Hill

7214 Rainbow Ln, Frederick, MD

This home is located at 7214 Rainbow Ln, Frederick, MD 21702 and is currently estimated at $533,022, approximately $285 per square foot. 7214 Rainbow Ln is a home located in Frederick County with nearby schools including Monocacy Elementary School, Monocacy Middle School, and Gov. Thomas Johnson High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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