Movoto Real Estate
Sold on 05/03/2023

1601 Rainbow Dr, Silver Spring, MD 20905

$711,000

Last sold 05/03/2023 for $640K

  • 4

    bed

  • 4

    bath

  • 2,096

    Sqft ($305/Sqft)

House not for sale

About 1601 Rainbow Dr

Property type House
Neighborhood
Year built 1974
HOA fee $0/month
Lot size 0.3 Acre
Movoto estimate
Parking 2 garage spaces
Property description
It’s fair to say, Your Search is OVER. 1601 Rainbow Drive is the answer to your prayers and presents the character you’ve been waiting for. This stunning Move-In Ready Colonial rests on a larger manicured corner lot, with a bright and inviting floor plan providing a flow conducive to comfortable living and entertaining - spanned across well over 3,000 square feet. Make Yourself At-Home with the Main Level where you’ll find the Living and Dining Rooms, A Powder Room, a Family Room with Wood-Like Luxury Laminate Flooring and a Brick Fireplace, and finally an Eat-In Kitchen with Italian granite counters and views leading to a gorgeous New Deck and Rear Yard. The Upper Level offers Four generously proportioned Bedrooms and 2 Full Bathrooms (Both with Jet-Tubs). The Owner’s suite includes an Ensuite Luxury Soaking Jet tub, Large Walk-In Closet, granite countertops vanity, and a separate shower. Enjoy more recreational and living space in the large, fully finished basement with a Full Bathroom and Wet Bar. This home presents such charm and is nestled in Good Hope Estates community where there is a newly built Neighborhood Recreation Center with sports, fitness, and social activities and the Spencerville Local Park where there are endless outdoor activities offered to enjoy – all within walking distance. Other key features include an attached, two-car garage accessible via mudroom, homes interior freshly repainted, New Hot water heater installed, Recently Serviced 2-Zoned HVAC System, a New Roof and an expansive driveway. And More Great News – NO HOA! Location couldn’t be more convenient as its minutes away from MD-650, MD-108, MD-198, 495, US-29, the 200-ICC, and Public Transportation. Also, close proximity to FDA, Shopping, Parks, Restaurants, and Many Other Amenities. Offers Deadline is SUNDAY April 16, 2023 8:30PM
Listed by
Listing Agent - Kimberly L Rice
Listing Office - TTR Sotheby's International Realty
Source: Bright MLS mls logo
MLS#MDMC2088120 • last updated 3 years ago
Movoto checked Bright MLS for data 3 minutes ago
Overview
Cooling/AC Central A/C, Electric
Heating Oil
Levels/Style Colonial
Type Residential
Status Closed
SqFt 3136
Lot Size (SqFt) 12955
Lot Size (Acres) 0.3
County Tax 4806, Annually
Tax: Assessed Value 439400
Annual Property Tax 5213
Year Built 1974
Condition Very Good, Excellent
New Construction (Y/N) N
Foreclosure (Y/N) N
Interior
Total # of Bathrooms 4
# Full Baths 3
# Half Baths 1
Total # of Bedrooms 4
Basement Connecting Stairway, Other
Appliances Built-In Microwave, Water Heater, Washer, Stove, Refrigerator, Oven/Range - Electric, Disposal, Dishwasher, Dryer, Exhaust Fan, Extra Refrigerator/Freezer, Freezer, Icemaker, Microwave
Interior Features Bar, Breakfast Area, Built-Ins, Ceiling Fan(s), Dining Area, Family Room Off Kitchen, Floor Plan - Traditional, Kitchen - Eat-In, Wood Floors, WhirlPool/HotTub, Wet/Dry Bar, Soaking Tub, Kitchen - Gourmet, Recessed Lighting, Walk-in Closet(s)
Accessibility Features None
Door Features French
Exterior
Roof Shingle
Construction Frame
Garage Desc Additional Storage Area, Garage - Side Entry, Garage Door Opener, Inside Access, Oversized
Parking Desc Attached Garage, Driveway
# Garage Spaces 2
# Parking Spaces 8
# Attached Garage Spaces 2
# Driveway Spaces 6
Exterior Features Sidewalks, Street Lights, Other
Existing Structures Above Grade, Below Grade, Deck(s)
Amenities / Utilities
Sewer/ Septic Public Sewer
Pool No Pool
Location
Subdivision GOOD HOPE ESTATES
Water Source Public
Senior Community (Y/N) N
School District MONTGOMERY COUNTY PUBLIC SCHOOLS
Location Corner Lot/Unit
Directions Off New Hampshire Avenue And Good Hope
Zoning RE1
Lot/ Land Details
Road Responsibility City/County
$711K
Range: $639K-$782K
Last 30 days 
  • May 2023
    Public Records
  • May 4, 2023 Sold
    $640,000
  • May 2023
    mls logo MLS # MDMC2088120
  • May 3, 2023 Sold
    $640,000 (+8.5%)
  • Apr 17, 2023 Pending
    —
  • Apr 4, 2023 Listed
    $589,900 (-9.2%)
  • Dec 2022
    mls logo MLS # MDMC2066964
  • Dec 27, 2022 Pending
    —
  • Oct 5, 2022 Listed
    $649,900 (+200.5%)
  • Mar 2002
    Public Records
  • Mar 18, 2002 Sold
    $216,300
  • Year Property taxes Tax assessment
  • 2025
    $6,938 +12.3%
    $556,267 +11.74%
  • 2024
    $6,178 +18.5%
    $497,833 +13.3%
  • 2022
    $5,213 +15.5%
    $439,400 +1.81%
  • 2018
    $4,513 -0.8%
    $431,600 +8.17%
  • 2017
    $4,548 +21.6%
    $399,000 +3.08%
  • 2011
    $3,740
    $387,067
  • 1601 Rainbow Dr
    $640K
  • Good Hope Estates
    —
  • 20905
    $735K 0% y/y
  • Silver Spring
    $532K -3% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
15447 Good Hope Rd, Silver Spring, MD 20905 $696,000 —/2 2,080 0.02
1605 Rainbow Dr, Silver Spring, MD 20905 $675,000 —/2 2,096 0.03
15443 Good Hope Rd, Silver Spring, MD 20905 $712,000 —/2 2,310 0.03
1600 Rainbow Dr, Silver Spring, MD 20905 $625,000 5/3 2,217 0.03
15448 Good Hope Rd, Silver Spring, MD 20905 $634,000 4/2 1,932 0.04
1604 Rainbow Dr, Silver Spring, MD 20905 $653,000 —/2 2,080 0.04
15444 Good Hope Rd, Silver Spring, MD 20905 $653,000 4/1 2,016 0.04
1609 Rainbow Dr, Silver Spring, MD 20905 $675,000 —/2 2,080 0.05

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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5/10
Cloverly Elementary School
public Grades PK, K-5
Montgomery County Public Schools
4/10
Briggs Chaney Middle School
public Grades 6-8
Montgomery County Public Schools
5/10
Paint Branch High School
public Grades 9-12
Montgomery County Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

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