NOT LISTED FOR SALE

5 Rainbow Trail Mountain Lakes, NJ 07046

Estimated Value: $577,000 - $669,086

3 Beds
2.5 Baths
1,433 Sq Ft
$427/Sq Ft Est. Value

Last Sold February 14, 2020

Last sale price $356,250 $249 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $3,962/month

75 Days on Market

Highlights

  • Cape Cod Architecture
  • Recreation Room
  • Wood Flooring
  • Wildwood Elementary School Rated A+
  • Wooded Lot
  • Den

About This Home

As of February 2020

Bank approved short sale at 356,250 Charming stone house on a wooded lot set in Mountain Lakes. Estate sale needs a little TLC but the home has great bones with HW floors, lovely stone fireplace. Detached oversized 2 car garage with loft storage above, Home has finished walkout basement with full bath. Ready for updating to your taste. Buried tank has been removed - non leaker. Bank has pre-approved a short sale at 356,250.

Last Agent to Sell the Property

Murray Robertson

RE/MAX FIRST CHOICE Listed on: 07/17/2019

RE/MAX FIRST CHOICE

Last Buyer's Agent

Murray Robertson

RE/MAX FIRST CHOICE Listed on: 07/17/2019

RE/MAX FIRST CHOICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,847

Year Built

  • Built in 1940

Lot Details

  • 10,454 Sq Ft Lot
  • Wooded Lot
  • Property is zoned 1 fam

Parking

  • 2 Car Detached Garage

Home Design

  • Cape Cod Architecture
  • Stone Siding

Interior Spaces

  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Den
  • Recreation Room
  • Utility Room
  • Laundry Room
  • Finished Basement
  • Walk-Out Basement
  • Carbon Monoxide Detectors
  • Eat-In Kitchen

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Wildwood Elementary School
  • Briarcliff Middle School
  • Mtn. Lakes High School

Utilities

  • Window Unit Cooling System
  • Standard Electricity
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2325-00009-0000-00025-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,847

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Style: Cape Cod
  • Primary Style: Cape Cod
  • Subproperty Type: Single Family
  • Year Built: 1940
  • Year Built Description: Approximate
  • County Name: Morris
  • Directions: Rt 46 to Rainbow trail see sign on left.
  • I D: 4916023
  • Section Subdiv Development: Lk Arrowhead
  • First Name: MURRAY
  • First Name3: MURRAY
  • Last Name: ROBERTSON
  • Last Name3: ROBERTSON
  • Office Phone: 973-335-4600
  • Office Phone3: 973-335-4600
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Carpeting, Wood
  • Fireplace Description: Living Room, Wood Burning
  • Number of Fireplaces: 1
  • Appliances: Carbon Monoxide Detector
  • Bedrooms: 3
  • Master Bedroom Desc: 1st Floor
  • Bathrooms: 2.10
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Walkout, Finished
  • Kitchen Area: Eat-In Kitchen
  • Level 1 Rooms: 1 Bedroom, Den, Living Room, Bath Main, Kitchen
  • Level 2 Rooms: 2 Bedrooms, Bath(s) Other
  • Ground Level Rooms: Laundry Room, Utility Room, Bath Main, Rec Room
  • Phone: 973-335-4600

Exterior Features

  • Exterior Description: Stone
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Loft Storage, Detached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 7
  • Parking Driveway Description: 2 Car Width, Blacktop

Utilities

  • Cooling: Window A/C(s)
  • Fuel Type: OilAbOut
  • Heating: 1 Unit
  • Sewer: Public Sewer
  • Utilities: Electric
  • Water: Public Water
  • Water Heater: Electric

Schools

  • High School: MTN. Lakes
  • Middle Jr High School: BriarCliff

Lot Info

  • Lot Size: .240 AC
  • Easement: Unknown
  • Lot Description: Wooded Lot
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.24
  • Zoning: 1 fam

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Tax Amount: 9847
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2325-00009-0000-00025-0000-
  • Tax Rate Amount: 2.628
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2018

MLS Schools

  • Grade School: Wildwood

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2019
Closed on
Feb 12, 2020
Sold by
Mola Kim and Estate Of Henry Joseph Mola
Bought by
Tkach Richard and Tkach Shawnee
Seller's Agent
Murray Robertson
RE/MAX FIRST CHOICE
Buyer's Agent
Murray Robertson
RE/MAX FIRST CHOICE
List Price
$356,250
Sold Price
$356,250
Current Estimated Value
$612,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,272
Avg. Annual Appreciation
9.64%
Original Mortgage
$343,267
Outstanding Balance
$306,869
Interest Rate
4.12%
Mortgage Type
FHA
Estimated Equity
$305,653
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Tkach Richard $349,600 Fidelity National Ttl Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tkach Richard $343,267
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2020 02/14/20 Sold $356,250 0.0% $249 / Sq Ft
09/30/2019 09/30/19 Pending -- -- --
07/17/2019 07/17/19 For Sale $356,250 -- $249 / Sq Ft
Source: Garden State MLS

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 $9,122 $418,000 $322,400 $95,600
2024 $10,213 $382,000 $294,000 $88,000
2023 $10,213 $404,000 $273,000 $131,000
2022 $10,528 $368,800 $254,400 $114,400
2021 $10,136 $375,200 $247,000 $128,200
2020 $10,499 $374,700 $224,100 $150,600
2019 $10,136 $374,700 $224,100 $150,600
2018 $9,847 $374,700 $224,100 $150,600
2017 $9,637 $374,700 $224,100 $150,600
2016 $9,469 $374,700 $224,100 $150,600
2015 $9,248 $374,700 $224,100 $150,600
2014 $9,075 $374,700 $224,100 $150,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Garden State MLS

MLS Number: 3574026

Garden State MLS

APN: 25-00009-0000-00025