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970 Rainbow Trail

970 Rainbow Trail, Orange, CT 06477
House in Orange
Sold Nov 03, 2020
$640,000
$510,400 by Prime Lending Inc
Mortgage
Sold Jan 16, 2020
$287,500
$150,000 by Velocity Commercial Capital Ll
Mortgage
970 Rainbow Trail in Orange, CT was first built in 1971 and is 53 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a colonial style. It is a single story home. There are a total of 8 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 4 partial bathrooms. 970 Rainbow Trail has 3,286 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 42,689 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of asphalt. For those who need parking, there is a garage underground or in the basement. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as good. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Oct 28, 2020 for $640,000. That's $194.77 per sqft. Prior to that sales transaction, the property was also sold in Jan 15, 2020 for $287,500. 970 Rainbow Trail was last assessed in 2023. The total value of the property was assessed at $398,600. Specifically, the land the property is located on was valued at $125,000. While improvements on the property were assessed at a total of $273,600. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $12,879. 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! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Wood Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Colonial
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Underground/basement
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 42,689
  • Total Building Area: 3,286
  • Gross Building Area: 5,837
  • Building Area: 3,286
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 3,286
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.98
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : KNIGHT MATTHEW M
  • Current Owner 2: KNIGHT APRIL L
  • Previous Owner : PROPERTY PRO LLC
  • Owner Before Previous Owner: HODGE OFELIA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Orange School District
  • School Tax School District: ORANGE SD
  • School Tax District Code 2: REGIONAL SD 05
  • Census Tract: 157300

Zoning

  • Zoning: RESIDE

Geography

  • Account Number: 417900
  • Parcel: ORAN M:94 B:2 L:2
  • Block: 2
  • Lot: 2
  • Municipality: ORANGE
  • Latitude: 41.305
  • Longitude: -73.062

    Address

  • Full Address: 970 Rainbow Trl
  • Address - House Number: 970
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Trl
  • State: CT
  • City Name: Orange
  • Carrier Code: C001
  • 4-Digit Zip Code: 1040
  • Zip Code: 06477

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,879

    Appraisal Valuation

  • Standard Deviation: 0.195
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 74
  • Final Value: 868,705
  • High Value: 1,038,178
  • Low Value: 699,231

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $561,701
  • First Open Lien Mortgage Lender: PRIME LENDING INC
  • First Open Lien Mortgage Recording Date: Nov 03, 2020
  • First Open Lien Mortgage Loan Amount: $510,400
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • Second Open Lien Mortgage Lender: THOMASTON SAVINGS BANK
  • Second Open Lien Mortgage Recording Date: Sep 05, 2023
  • Second Open Lien Mortgage Loan Amount: $51,301
  • Second Open Lien Mortgage Term: 120
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: 2nd Mortgage made to cover Down Payment
  • Second Open Lien Mortgage Loan Due Date: Oct 01, 2033

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $398,600
  • Assessed Land Value: $125,000
  • Assessed Improvements Value: $273,600

    Sales

  • Current Sale Contract Date: Oct 28, 2020
  • Current Sale Recording Date: Nov 03, 2020
  • Current Sale Transaction ID: 11798465544
  • Current Sale Price: $640,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jan 16, 2020
  • Previous Sale Contract Date: Jan 15, 2020
  • Previous Sale Amount: $287,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PRIME LENDING INC
  • First Mortgage Transaction Date: Nov 03, 2020
  • First Mortgage Loan Amount: $510,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: VELOCITY COMMERCIAL CAPITAL LL
  • Previous Mortgage Transaction Date: Jan 16, 2020
  • Previous Mortgage Loan Amount: $150,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Orange



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Frequently Asked Questions

What neighborhood is 970 Rainbow Trail located in?
The 970 Rainbow Trail is a house located in the neighborhood of Orange in Orange, Orange.
What is the average sales price for listings in 970 Rainbow Trail?
The average sales price for units in 970 Rainbow Trail is $0 currently.

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