When was property at 1508 Rainbow Drive built and last sold?

The property at 1508 Rainbow Drive was built in 1972 and last sold on Sep 30, 2016 for $420,000.

How much is this home worth?

The estimated value of the home located at 1508 Rainbow Drive is $454,444.

What are some comparable homes to 1508 Rainbow Drive?

There are currently no comparable homes to 1508 Rainbow Drive.

Spencerville

20905

Cloverly

1508 RAINBOW DRIVE

Sold on Sep 30, 2016

Map

$420,000

● House - Off Market

1508 RAINBOW DRIVE

SILVER SPRING, MD 20905

4 Beds

3 Baths

2,600 Ft²

$742,657

RealtyHop Estimate

68.82%

Since Oct 1, 2016

National-US

Primary Model

About This Property

Enjoy life on wide quiet street in manicured nhbhd near everything. Expanded flexible open design offers amazing entertainment wing wi/FB, ceramic & WB FP overlooking fun lvl partly shaded yet open lot. Beautiful SS granite breakfast bar kitchen plus hardwood in formal LR DR & den.Updates throughout. 3 big BRs up, 2nd master possible on main lvl. Off-street parking. Spencerville Ball Park nearby!

Unit Size

2,600 Ft²

Days on Market

Land Size

0.34 acres

Price per sqft

$169

Property Type

House

Property Taxes

$333

HOA Dues

Year Built

1972

Payment Calculator

Cap Rate Calculator

Last updated: 3 months ago (Bright MLS #1002442563)

Price History

Date / Event	Date	Event
Dec 22, 2016	Sold	Premium
Sold
Sep 30, 2016	Sold	Premium
Sold
Jul 10, 2016	Listed by RE/MAX Realty Group	$439,900
Listed by RE/MAX Realty Group
Mar 2, 2010	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: 0
Exterior Walls Type: 0
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 3
Floor Count: 200
Living Units: 1
Floor Cover: 0
Basement Type: 5
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 20
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 14,898

Total Building Area: 2,196
Gross Building Area: 2,196
Building Area: 2,196
Building Area Measurement: T

Heating and Cooling

Fireplace Count: 1

Air Conditioning: 13
Heating: 4
Heated Square Feet: 2,196
Heating Fuel Type: 0

Utilities

Sewer System: 5

Water Service: 0

Building

Building Type: 0

Property Class: R
Subdivision: GOOD HOPE ESTS
Land Acres: 0000000342
Standard Land Use Code: 1001
County Land Use Code: R-C001
Legal Description 1: GOOD HOPE ESTS

Neighborhood

School District Name: Montgomery County Public Schools

Census Tract: 701408

Zoning

Zoning: RE1

Geography

Assessors Map Reference: KS12

Account Number: 00379836
District: 05
Parcel: 05-00379836
Block: EE
Lot: 53
Latitude: 39.1108
Longitude: -76.9802

Address

Full Address: 1508 Rainbow Dr

Address - House Number: 1508
Address - Street Name: Rainbow
Address - Suffix Type: Dr
State: MD
City Name: Silver Spring
Carrier Code: C010
4-Digit Zip Code: 4141
Zip Code: 20905

Valuation

Tax

Tax Year: 2023

Tax Amount: $554,493

Appraisal Valuation

Standard Deviation: 0.1517

Valuation Date: Jan 17, 2024
Confidence Score: 81
Final Value: 589,744
High Value: 679,261
Low Value: 500,226

Open Liens

Total Open Liens:

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Total Open Liens Amount:

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Market Valuation

Market Total Value: $384,800

Market Land Value: $228,800
Market Improvement Value: $156,000

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $384,800
Assessed Land Value: $228,800
Assessed Improvements Value: $156,000

Sales

Current Sale Contract Date: Sep 30, 2016

Current Sale Recording Date: Dec 22, 2016
Current Sale Price:

Premium
Current Sale Document Type: 27
Previous Sale Recording Date: Mar 02, 2010
Previous Sale Contract Date: Feb 25, 2010
Previous Sale Amount: $360,000
Previous Sale Document Type: 27

Last Sale Mortgage

First Mortgage Lender:

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First Mortgage Transaction Date:

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First Mortgage Loan Amount:

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First Mortgage Terms:

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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

$257

Below Asking

0.01%

Average Days on Market

Average Home Size

2657 ft²

Average Home Age

49.1 years

Currently For Sale

18 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 14216 Twig Road, SILVER SPRING, MD, 20905

$3,600 /mo

4 Beds
3 Baths
1,983 ft²

14216 Twig Road, SILVER SPRING, MD, 20905 Listing by Joyce P Meyerdirk-McKenzie

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Joan M Walsh
RE/MAX Realty Group
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# 1002442563

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