7218 Rainbow Ln
Frederick, MD 21702
3 bd 3 ba 2,000 sqft Built 1983 Lot 16,387 sqft single_family
Most recent sale
$440,000
Jul 11, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 11, 2022 | Sold | $440,000 | MLS #MDFR2015766 |
| May 30, 2022 | Price changed | $459,500 | MLS #MDFR2015766 |
| Apr 1, 2022 | Listed | $469,500 | MLS #MDFR2015766 |
| Sep 24, 2015 | Listing removed | $314,900 | MRIS |
| Sep 15, 2015 | Sold | $310,800 | MLS #1001186493 |
| Aug 5, 2015 | Price changed | $314,900 | MLS #FR8628360 |
| Jul 18, 2015 | Price changed | $319,900 | MLS #FR8628360 |
| Jul 9, 2015 | Relisted | $324,900 | MLS #FR8628360 |
| Jun 22, 2015 | Listing removed | $324,900 | MRIS |
| May 26, 2015 | Price changed | $324,900 | MLS #FR8628360 |
| May 7, 2015 | Listed | $314,900 | MLS #1001186493 |
| Feb 27, 2013 | Sold | $224,900 | Public Record |
| Jan 23, 2013 | Listing removed | $224,900 | MRIS |
| Jan 3, 2013 | Price changed | $224,900 | MLS #FR7978068 |
| Dec 13, 2012 | Listed | $242,900 | MLS #FR7978068 |
| Jan 10, 2012 | Listing removed | $266,400 | MRIS |
| Dec 20, 2011 | Price changed | $266,400 | MLS #FR7694839 |
| Sep 22, 2011 | Listed | $273,156 | MLS #FR7694839 |
| Mar 4, 2005 | Sold | $339,900 | Public Record |
| Mar 22, 2004 | Sold | $269,900 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $294,800 | $109,900 | $404,700 | $4,988 |
| 2024 | $294,800 | $109,900 | $404,700 | $4,627 |
| 2023 | — | — | $345,033 | $4,095 |
| 2022 | $221,400 | $93,800 | $315,200 | $3,748 |
| 2021 | — | — | $314,900 | $3,779 |
| 2020 | — | — | $314,600 | $3,742 |
| 2019 | $238,700 | $75,600 | $314,300 | $3,736 |
| 2018 | — | — | $299,967 | $3,595 |
| 2017 | — | — | $285,633 | $3,397 |
| 2016 | $195,700 | $75,600 | $271,300 | $3,239 |
| 2015 | $195,700 | $75,600 | $271,300 | $3,268 |
| 2014 | $206,300 | $87,000 | $293,300 | $3,537 |
| 2013 | $206,300 | $87,000 | $293,300 | $3,467 |
| 2012 | — | — | $293,300 | $3,340 |
| 2011 | — | — | $293,300 | $3,324 |
| 2010 | — | — | $345,930 | $3,138 |
| 2009 | — | — | $320,326 | $3,138 |
| 2008 | — | — | $294,723 | $2,503 |
Property facts
Year built
1983
Property type
single_family
Stories
3
Beds
3
Baths
3
Living area
2,000 sqft
Lot size
16,387 sqft
ZIP code
21702
City
Frederick
Street
Rainbow Ln
Coordinates
39.46013, -77.41326
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,000
Gross rental yield
8.18%
Implied cap rate
5.32%
Trend-extrapolated value
—
Frequently asked questions
When did 7218 Rainbow Ln last sell?
7218 Rainbow Ln most recently sold on Jul 11, 2022 for $440,000.
What is the current tax assessment for 7218 Rainbow Ln?
The most recent total assessment for 7218 Rainbow Ln (year 2025) is $404,700 with $4,988 in property tax.
How does 7218 Rainbow Ln's assessment compare to its last sale price?
The current assessment is 8.0% below the last sale price of $440,000.
When was 7218 Rainbow Ln built?
7218 Rainbow Ln was built in 1983.
How does 7218 Rainbow Ln compare to others on Rainbow Ln?
We track 1 other property on Rainbow Ln. Browse the list under "Other properties on Rainbow Ln" to compare beds, baths, and sale history.
What are the property facts for 7218 Rainbow Ln?
7218 Rainbow Ln is a 3 bed, 3 bath, 2,000 sqft, 16,387 sqft lot single_family.
Is 7218 Rainbow Ln a flip candidate?
No — 7218 Rainbow Ln does not appear in our flips dataset.
Is 7218 Rainbow Ln a tax-appeal candidate?
No — 7218 Rainbow Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-1.4%
Implied 1-yr
-5.8%
2026 Q3
$459.7K
2026 Q4
$452.4K
ZIP 21702 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Rainbow Ln