111 Rainbow Trail

Local assessors in Denville, NJ have categorized 111 Rainbow Trail as a residential type of property. The home was built in 1979 and is 45 years old. The property's lot size has been calculated to be 11,761 square feet. The linear feet between the front and back of the lot was measured at 1,130 ft and the front of the lot was measured at 930 ft. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 111 Rainbow Trail has a total of 1,884 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 111 Rainbow Trail sold most recently in Aug 29, 2022 for a total of $470,000. If you work out the math, that's approximately a cost of $249.47 per sqft. Before that, the property was also sold for $365,000 in Jul 29, 2011. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $10,020 in taxes each year. 111 Rainbow Trail was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $294,100. If we break it down further, the land itself was valued at $158,000. Improvements to the property, however, were assessed at a total of $136,100. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.