Movoto Real Estate
Sold on 01/31/2020

7220 Rainbow Ln, Frederick, MD 21702

$535,000

Last sold 01/31/2020 for $374K

  • 3

    bed

  • 2

    bath

  • 1,972

    Sqft ($190/Sqft)

House not for sale

About 7220 Rainbow Ln

Property type House
Neighborhood
Year built 1986
HOA fee $39/month
Lot size 0.29 Acre
Movoto estimate
Parking 1 garage spaces
Rental estimate
Property description
Unique floor plan split level home with lots of space! Enter the main floor to the well lit spacious open living room. Continue up the few stairs, where you will find gleaming hardwood floors leading into the bright and airy beautiful freshly painted kitchen with updated granite and stainless steel appliances. Eat at the counter on the bar stools or in the dining area. The newly painted sun room has endless possibilities and can be a formal dining room, homework or play area, den or use your imagination! 3 bedrooms and a full bath on the kitchen level mean not having to run up and down stairs! The fully finished lower level offers a family room with cozy fireplace, an office and large mud/laundry room and walk-out level to the back yard. The details have not been overlooked and extras include great storage, partially covered deck for sun or shade, and patio for enjoying the above ground pool in a huge privately set backyard at the end of the cul-de-sac. All with NO City taxes!! All ready for you to move right in! Don't pass this one by!
Listed by
Listing Agent - Kenneth A Grant
Listing Office - RE/MAX Plus
Source: Bright MLS mls logo
MLS#MDFR257164 • last updated 4 years ago
Movoto checked Bright MLS for data 7 minutes ago
Overview
Cooling/AC Central A/C, Electric
Heating Natural Gas
Levels/Style Split Level
Type Residential
Virtual Tour N/A
Status Closed
SqFt 1972
Lot Size (SqFt) 12685
Lot Size (Acres) 0.29
County Tax 3146, Annually
City/ Town Tax 88
Tax: Assessed Value 268500
Annual Property Tax 3146
Year Built 1986
Condition Very Good
HOA Fee 469, Annually
New Construction (Y/N) N
Foreclosure (Y/N) N
Interior
Total # of Bathrooms 2
# Full Baths 2
Total # of Bedrooms 3
Basement Fully Finished, Walkout Level
Other Room(s) Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Breakfast Room, Sun/Florida Room, Mud Room, Office, Full Bath
Appliances Built-In Microwave, Dishwasher, Disposal, Dryer, Exhaust Fan, Icemaker, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer, Water Heater
Accessibility Features None
Exterior
Roof Composite
Construction Other
Garage Desc Garage - Front Entry
Parking Desc Asphalt Driveway, Attached Garage, Driveway
# Garage Spaces 1
# Parking Spaces 1
# Attached Garage Spaces 1
Existing Structures Above Grade, Below Grade
Amenities / Utilities
Sewer/ Septic Public Sewer
Pool Yes - Community
HOA Fees Include Common Area Maintenance
HOA Amenities Common Grounds
Location
Subdivision CLOVER HILL
Water Source Well
Senior Community (Y/N) N
School District FREDERICK COUNTY PUBLIC SCHOOLS
Directions GPS
Zoning R1
$535K
Range: $486K-$583K
Last 30 days 
Rental est.: $2,010/month
Gross rent multiplier: 15.5
  • Feb 2020
    Public Records
  • Feb 10, 2020 Sold
    $374,900
  • Jan 2020
    mls logo MLS # MDFR257164
  • Jan 31, 2020 Sold
    $374,900
  • Dec 27, 2019 Pending
    —
  • Dec 2, 2019 Listed
    $374,900 (-1.3%)
  • Oct 2019
    mls logo MLS # MDFR255718
  • Oct 25, 2019 Listed
    $379,900 (-2.6%)
  • Sep 2019
    mls logo MLS # MDFR253586
  • Sep 17, 2019 Listed
    $389,900 (-2.5%)
  • Sep 2019
    mls logo MLS # MDFR252274
  • Sep 6, 2019 Listed
    $399,900 (+15.9%)
  • Apr 2017
    Public Records
  • Apr 24, 2017 Sold
    $345,000
  • Apr 2017
    mls logo MLS # 1001218233
  • Apr 17, 2017 Sold
    $345,000
  • Feb 1, 2017 Listed
    $345,000 (-9.4%)
  • Mar 2017
    mls logo MLS # FR9849453
  • Mar 6, 2017 Cntg
    —
  • Mar 6, 2017 Price Change
    $345,000
  • Feb 1, 2017 Listed
    $344,900
  • May 2005
    Public Records
  • May 25, 2005 Sold
    $381,000
  • Year Property taxes Tax assessment
  • 2025
    $5,181 +21.1%
    $416,800 +7.64%
  • 2023
    $4,280 +8.8%
    $387,233 +18.02%
  • 2022
    $3,933 +13.4%
    $328,100 +6.45%
  • 2020
    $3,468 +11.5%
    $308,233 +6.89%
  • 2018
    $3,110 -1.2%
    $288,367 +7.4%
  • 2017
    $3,147 -8.6%
    $268,500 +3.59%
  • 2011
    $3,443
    $259,200
  • 7220 Rainbow Ln
    $374K
  • 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
7219 Rainbow Ln, Frederick, MD 21702 $472,000 3/3 1,242 0.02
7218 Rainbow Ln, Frederick, MD 21702 $515,000 3/2 1,600 0.02
8226 Morning Dew Ct, Frederick, MD 21702 $495,000 —/1 1,604 0.02
8224 Morning Dew Ct, Frederick, MD 21702 $544,000 —/2 1,988 0.03
7217 Rainbow Ln, Frederick, MD 21702 $563,000 —/2 1,916 0.03
7216 Rainbow Ln, Frederick, MD 21702 $528,000 4/3 1,720 0.03
8228 Morning Dew Ct, Frederick, MD 21702 $423,000 3/2 1,000 0.03
8222 Morning Dew Ct, Frederick, MD 21702 $389,200 3/— 1,196 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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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Movoto participates, and is provided by BRIGHT through a licensing agreement.The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 11/3/2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closedor are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHTMLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually solddue to reporting errors.
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