About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest

7218 Rainbow Ln, Frederick, MD 21702

$515,000

Last sold 07/11/2022 for $440K

3
bed
3
bath
2,000
Sqft ($220/Sqft)

House not for sale

About 7218 Rainbow Ln

Property type House

Neighborhood

Year built 1983

HOA fee $31/month

Lot size 0.38 Acre

Movoto estimate

Parking 2 garage spaces

Rental estimate

Property description

**Now Back on Market! Buyer financing fell through!** Adorable Ausherman-built home on .38 acres with a two-car garage - this is a storybook setting at its best! Come see this bright three-bedroom two-and-a-half-bath home resting on a quiet cul-de-sac in highly coveted Clover Hill. You'll love the all upgrades including; quartz countertops, stainless steel appliances, french doors, quality ceramic tile, and plank flooring flowing throughout the main level. This home offers more than you think - Fresh paint throughout, a new architectural roof, new waterproofing system with 2nd sump pump on the lower level! New carpet on upper and lower levels, Updated landscaping throughout a large backyard with plenty of room to enjoy. The patio area is perfect for summer evening barbeques with the family. Home is minutes to major commuter routes, shopping, dining, downtown Frederick and the Clover Hill community park...there's almost too many good things to say about this location. Don't forget, no city taxes!

Listed by

Listing Agent - Katie Sillex

Listing Office - RE/MAX Results

Source: Bright MLS

MLS#MDFR2015766 • last updated 4 years ago

Movoto checked Bright MLS for data 4 minutes ago

Overview
Cooling/AC	Ceiling Fan(s), Central A/C, Electric
Heating	Natural Gas
Levels/Style	Colonial
Type	Residential
Status	Closed
SqFt	2248
Lot Size (SqFt)	16387
Lot Size (Acres)	0.38
County Tax	3691, Annually
Tax: Assessed Value	315200
Annual Property Tax	3691
Year Built	1983
HOA Fee	371, Annually
New Construction (Y/N)	N
Foreclosure (Y/N)	N

Interior
Total # of Bathrooms	3
# Full Baths	2
# Half Baths	1
Total # of Bedrooms	3
Basement	Front Entrance, Connecting Stairway, Sump Pump, Improved, Windows, Drainage System, Water Proofing System
Other Room(s)	Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Foyer, Exercise Room, Laundry
Appliances	Washer/Dryer Hookups Only, Dishwasher, Disposal, Dryer, Dryer - Front Loading, Exhaust Fan, Humidifier, Icemaker, Microwave, Oven - Self Cleaning, Refrigerator, Washer, Washer - Front Loading, Water Conditioner - Owned, Extra Refrigerator/Freezer
Fireplace	Mantel(s)
Interior Features	Family Room Off Kitchen, Breakfast Area, Kitchen - Table Space, Dining Area, Kitchen - Eat-In, Primary Bath(s), Window Treatments, Carpet, Ceiling Fan(s), Kitchen - Island, Stall Shower, Tub Shower
Accessibility Features	None

Exterior
Roof	Architectural Shingle
Foundation	Block
Garage Desc	Garage Door Opener, Garage - Front Entry
Parking Desc	Asphalt Driveway, Attached Garage
# Garage Spaces	2
# Parking Spaces	2
# Attached Garage Spaces	2
Exterior Features	Flood Lights, Gutter System, Exterior Lighting
Existing Structures	Above Grade, Below Grade
Fencing	Rear

Amenities / Utilities
Sewer/ Septic	Public Sewer
Pool	No Pool
Security Features	Exterior Cameras

Location
Subdivision	CLOVER HILL
Water Source	Well
Senior Community (Y/N)	N
School District	FREDERICK COUNTY PUBLIC SCHOOLS
Directions	Opposumtown Pike To Rainbow Lane - Home On Left At The End Of Cul-de-sac.
Zoning	R5

$515K

Range: $478K-$551K

Last 30 days

Rental est.: $2,010/month

• Gross rent multiplier: 18.2

Lower your payment with the loan terms that fit you.

Jul 2022
Public Records
Jul 22, 2022 Sold
$440,000
Jul 2022
MLS # MDFR2015766
Jul 11, 2022 Sold
$440,000 (-4.2%)
Jun 12, 2022 Pending
—
May 29, 2022 Price Change
$459,500 (-2.1%)
May 9, 2022 Listed
—
Apr 5, 2022 Pending
—
Apr 1, 2022 Listed
$469,500 (+51.1%)
Sep 2015
MLS # 1001186493
Sep 15, 2015 Sold
$310,800 (-1.3%)
May 7, 2015 Listed
$314,900 (+40.0%)
Aug 2015
MLS # FR8628360
Aug 11, 2015 Cntg
—
Aug 5, 2015 Price Change
$314,900 (-1.6%)
Jul 18, 2015 Price Change
$319,900 (-1.5%)
Jul 9, 2015 Listed
—
Jun 8, 2015 Cntg
—
May 26, 2015 Price Change
$324,900 (-3.0%)
May 7, 2015 Listed
$335,000 (+6.4%)
Feb 2013
Public Records
Feb 27, 2013 Sold
$224,900
Feb 2013
MLS # 1004239732
Feb 22, 2013 Sold
$224,900
Dec 13, 2012 Listed
$224,900 (-33.8%)
Jan 2013
MLS # FR7978068
Jan 11, 2013 Cntg
—
Dec 13, 2012 Listed
$224,900
Mar 2005
Public Records
Mar 4, 2005 Sold
$339,900 (+25.9%)
Mar 2004
Public Records
Mar 22, 2004 Sold
$269,900

Year Property taxes Tax assessment
2025
$5,033 +21.8%

$404,700 +7.96%
2023
$4,132 +9.2%

$374,867 +18.93%
2022
$3,782 +0.2%

$315,200 +0.1%
2020
$3,775 +7.4%

$314,900 +0.1%
2018
$3,516 -4.6%

$314,600 +0.1%
2017
$3,684 +11.3%

$314,300 +15.85%
2011
$3,310

$271,300

7218 Rainbow Ln
$440K
Clover Hill
—
21702
$510K +2% y/y
Frederick
$489K -1% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
7216 Rainbow Ln, Frederick, MD 21702	$528,000	4/3	1,720	0.01
7220 Rainbow Ln, Frederick, MD 21702	$535,000	3/2	1,780	0.02
7219 Rainbow Ln, Frederick, MD 21702	$472,000	3/3	1,242	0.03
7214 Rainbow Ln, Frederick, MD 21702	$556,000	—/2	1,864	0.03
1900 Whetstone Ct, Frederick, MD 21702	$620,000	—/2	2,462	0.03
8226 Morning Dew Ct, Frederick, MD 21702	$495,000	—/1	1,604	0.04
7217 Rainbow Ln, Frederick, MD 21702	$563,000	—/2	1,916	0.04
7215 Rainbow Ln, Frederick, MD 21702	$491,000	3/3	1,380	0.04

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.