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Sold on 07/22/2022
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7218 Rainbow Ln, Frederick, MD 21702

$521,000

Last sold 07/22/2022 for $440K

  • 3

    bed

  • 2

    bath

  • 1,600

    Sqft ($275/Sqft)

House not for sale
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About 7218 Rainbow Ln

Property type House
Year built 1983
HOA fee $0/month
Lot size 0.38 Acre
Movoto estimate
Rental estimate
Property description
This 3-bedroom, 2-bathroom single-family home is located at 7218 Rainbow Ln, Frederick, MD, 21702 in Frederick County and was built in 1983. This home offers 1,600 square feet of living space on a 16,387 sq ft lot. The estimated market value is $521,000, approximately $326 per square foot.
$521K
Range: $484K-$557K
Last 30 days 
Rental est.: $2,026/month
Gross rent multiplier: 18.1
  • — Off Market
    —
  • Jul 2022
    Public Records
  • Jul 22, 2022 Sold
    $440,000
  • Jul 2022
  • 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
  • Sep 15, 2015 Sold
    $310,800 (-1.3%)
  • May 7, 2015 Listed
    $314,900 (+40.0%)
  • Aug 2015
  • 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
  • Feb 22, 2013 Sold
    $224,900
  • Dec 13, 2012 Listed
    $224,900 (-33.8%)
  • Jan 2013
  • 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
  • —
  • 21702
    $530K +8% y/y
  • Frederick
    $499K +2% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
7216 Rainbow Ln, Frederick, MD 21702 $529,000 4/3 1,720 0.02
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
1900 Whetstone Ct, Frederick, MD 21702 $623,000 —/2 2,462 0.03
7214 Rainbow Ln, Frederick, MD 21702 $557,000 —/2 1,864 0.03
8226 Morning Dew Ct, Frederick, MD 21702 $506,000 —/1 1,604 0.03
7217 Rainbow Ln, Frederick, MD 21702 $563,000 —/2 1,916 0.04
8228 Morning Dew Ct, Frederick, MD 21702 $428,000 3/2 1,000 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.

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6/10
Monocacy Elementary School
public Grades PK, K-5
Frederick County Public Schools
4/10
Monocacy Middle School
public Grades 6-8
Frederick County Public Schools
4/10
Gov. Thomas Johnson High School
public Grades 9-12
Frederick County Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

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