When was property at 1320 Rainbow Drive built and last sold?

The property at 1320 Rainbow Drive was built in 1972 and last sold on Jan 1, 1970 for $190,000.

How much is this home worth?

The estimated value of the home located at 1320 Rainbow Drive is $604,990.

What are some comparable homes to 1320 Rainbow Drive?

There are currently no comparable homes to 1320 Rainbow Drive.

Spencerville

20905

Cloverly

1320 RAINBOW DRIVE

Sold on Jul 24, 2026

Map

$580,000

● House - Off Market

1320 RAINBOW DRIVE

SILVER SPRING, MD 20905

5 Beds

3 Baths

2,056 Ft²

$3,408

Est. Monthly

About This Property

Just Reduced & Refreshed! This home offers space to gather and space to spread out. You'll enjoy the lush, landscaped, and fenced backyard with fruit trees, a large shed, and a covered deck that is ready for you to enjoy. Indoors you'll find an updated kitchen with granite counters and stainless steel appliances. All of the bathrooms have been recently updated as well. The wood-burning fireplace invites you to enjoy one of two family rooms. The other family room is just off the kitchenette area which makes entertaining a breeze. The lower level bedrooms are both en suite with private baths. Close to shopping and easy for commuting. This home is ready for to call your own!

Unit Size

2,056 Ft²

Days on Market

Land Size

0.26 acres

Price per sqft

$291

Property Type

House

Property Taxes

$471

HOA Dues

Year Built

1972

Payment Calculator

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Last updated: 3 months ago (Bright MLS #MDMC2215972)

Price History

Date / Event	Date	Event
Jul 24, 2026	Sold	Premium
Sold
Jun 19, 2026	In contract	-
In contract
Jun 15, 2026	Price Decreased	$598,000 ↓ $1K (0.2%)
Price Decreased
Apr 25, 2026	Price Decreased	$599,000 ↓ $11K (1.8%)
Price Decreased
Mar 20, 2026	Price Decreased	$610,000 ↓ $15K (2.4%)
Price Decreased
Feb 27, 2026	Listed by Weichert, REALTORS	$625,000
Listed by Weichert, REALTORS
Apr 16, 2001	Sold	Premium
Sold

Property Highlights

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1972

Effective Year Built: 1972
Bedroom Count: 0
Bathroom Count: 3
Full Bathrooms: 3
Partial Bathrooms: 3
Building Condition: 6
Building Quality: 9
Construction Type: 6
Building Style: 42
Exterior Walls Type: 0
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 3
Floor Count: 100
Living Units: 1
Floor Cover: 0
Basement Type: 3
Basement Area: 750
Garage Type: 0
Parking Space Count: 0
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 11,050

Total Building Area: 1,028
Gross Building Area: 1,028
Building Area: 1,028
Building Area Measurement: T

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 13
Heating: 4
Heated Square Feet: 1,778
Heating Fuel Type: 0

Utilities

Sewer System: 5

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: GOOD HOPE ESTATES
Land Acres: 0000000254
Standard Land Use Code: 1001
County Land Use Code: R-C004
Legal Description 1: GOOD HOPE ESTATES

Neighborhood

School District Name: Montgomery County Public Schools

Census Tract: 701408

Zoning

Zoning: RE1

Geography

Assessors Map Reference: KS12

Account Number: 00380163
District: 05
Parcel: 05-00380163
Block: BB
Lot: 24
Latitude: 39.1104
Longitude: -76.9839

Address

Full Address: 1320 Rainbow Dr

Address - House Number: 1320
Address - Street Name: Rainbow
Address - Suffix Type: Dr
State: MD
City Name: Silver Spring
Carrier Code: C010
4-Digit Zip Code: 4137
Zip Code: 20905

Valuation

Tax

Tax Year: 2023

Tax Amount: $418,856

Appraisal Valuation

Standard Deviation: 0.1319

Valuation Date: Jan 17, 2024
Confidence Score: 84
Final Value: 517,558
High Value: 585,841
Low Value: 449,275

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $387,200

Market Land Value: $218,800
Market Improvement Value: $168,400

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $387,200
Assessed Land Value: $218,800
Assessed Improvements Value: $168,400

Sales

Current Sale Recording Date: Apr 16, 2001

Current Sale Price:

Premium
Current Sale Document Type: 27
Current Sale Input Document Number: 205599

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Cloverly

Stats & Trends

Median Asking:

$677,000

Sale Price/ft²

$254

Below Asking

0.01%

Average Days on Market

Average Home Size

2724 ft²

Average Home Age

51.2 years

Currently For Sale

23 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 14931 Windmill Terrace, SILVER SPRING, MD, 20905

$3,500 /mo

4 Beds
3 Baths
1,872 ft²

14931 Windmill Terrace, SILVER SPRING, MD, 20905 Listing by Ineke M Mustamarhadi

Unit for rent at 2939 Shepperton Terrace, SILVER SPRING, MD, 20904

$2,300 /mo

3 Beds
1 Bath
972 ft²

2939 Shepperton Terrace, SILVER SPRING, MD, 20904 Listing by Quincy C Charles

Unit for rent at 14913 Lear Lane, SILVER SPRING, MD, 20905

$4,695 /mo

5 Beds
3 Baths
3,820 ft²

14913 Lear Lane, SILVER SPRING, MD, 20905 Listing by Marcus Ervin

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Martha J Cunningham
Weichert, REALTORS
Last Updated: 9 hours ago
Data Source: Bright MLS , MLS# MDMC2215972

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