Estimated Value: $1,080,291 - $1,243,000
Studio
--
Bath
3,300
Sq Ft
$361/Sq Ft
Est. Value
About This Home
This home is located at 5 Rainbow Dr, Clark, NJ 07066 and is currently estimated at $1,191,823, approximately $361 per square foot. 5 Rainbow Dr is a home located in Union County with nearby schools including Frank K. Hehnly Elementary School, Carl H. Kumpf Middle School, and Arthur L. Johnson High School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 12, 2007
Sold by
Cassella Gregory A
Bought by
Russell Thomas S and Russell Paula A
Current Estimated Value
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
$221,924
Interest Rate
6.51%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$969,899
Purchase Details
Closed on
Sep 15, 2005
Sold by
Pereira Monica
Bought by
Cassella Gregory A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$628,000
Interest Rate
5.93%
Purchase Details
Closed on
Aug 16, 2004
Sold by
Neri Frank
Bought by
Cassella Gregory and Pereira Monica
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
6.03%
Purchase Details
Closed on
Jul 1, 1999
Sold by
Lettini Domenico P
Bought by
Neri Frank L and Neri Susan E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
6.62%
Mortgage Type
Stand Alone First
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Russell Thomas S | $775,000 | Multiple | |
| Cassella Gregory A | -- | -- | |
| Cassella Gregory | $745,000 | -- | |
| Neri Frank L | $385,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Russell Thomas S | $350,000 | |
| Previous Owner | Cassella Gregory A | $628,000 | |
| Previous Owner | Cassella Gregory | $495,000 | |
| Previous Owner | Neri Frank L | $308,000 |
Source: Public Records
Tax History Compared to Growth
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 | $19,769 | $892,900 | $332,600 | $560,300 |
| 2024 | $19,474 | $892,900 | $332,600 | $560,300 |
| 2023 | $19,474 | $892,900 | $332,600 | $560,300 |
| 2022 | $18,912 | $892,900 | $332,600 | $560,300 |
| 2021 | $19,229 | $216,300 | $50,700 | $165,600 |
| 2020 | $18,915 | $216,300 | $50,700 | $165,600 |
| 2019 | $18,725 | $216,300 | $50,700 | $165,600 |
| 2018 | $18,500 | $216,300 | $50,700 | $165,600 |
| 2017 | $18,204 | $216,300 | $50,700 | $165,600 |
| 2016 | $17,533 | $216,300 | $50,700 | $165,600 |
| 2015 | $17,356 | $216,300 | $50,700 | $165,600 |
| 2014 | $16,990 | $216,300 | $50,700 | $165,600 |
Source: Public Records
Map
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