NOT LISTED FOR SALE

40 Rainbow Trail Mountain Lakes, NJ 07046

Estimated Value: $746,000 - $841,000

-- Bed
-- Bath
2,240 Sq Ft
$358/Sq Ft Est. Value

About This Home

This home is located at 40 Rainbow Trail, Mountain Lakes, NJ 07046 and is currently estimated at $802,243, approximately $358 per square foot. 40 Rainbow Trail is a home located in Morris County with nearby schools including Wildwood Elementary School, Briarcliff Middle School, and Mountain Lakes High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2008
Sold by
Schoen Joseph J
Bought by
Rajagopalan Prabhu and Rajagopalan Vandana
Current Estimated Value
$802,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$225,282
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$576,961
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rajagopalan Prabhu $505,000 Commonwealth
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rajagopalan Prabhu $350,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,582 $569,400 $323,600 $245,800
2024 $12,405 $526,900 $295,100 $231,800
2023 $12,405 $490,700 $274,000 $216,700
2022 $12,203 $449,900 $255,300 $194,600
2021 $10,631 $434,900 $247,900 $187,000
2020 $11,012 $393,000 $225,000 $168,000
2019 $10,631 $393,000 $225,000 $168,000
2018 $10,328 $393,000 $225,000 $168,000
2017 $10,108 $393,000 $225,000 $168,000
2016 $9,931 $393,000 $225,000 $168,000
2015 $9,699 $393,000 $225,000 $168,000
2014 $9,518 $393,000 $225,000 $168,000
Source: Public Records

Map

New Jersey Morris County Mountain Lakes 07046

40 Rainbow Trail, Mountain Lakes, NJ

This home is located at 40 Rainbow Trail, Mountain Lakes, NJ 07046 and is currently estimated at $802,243, approximately $358 per square foot. 40 Rainbow Trail is a home located in Morris County with nearby schools including Wildwood Elementary School, Briarcliff Middle School, and Mountain Lakes High School.

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