When was 035 Rainbow Trl, Mountain Lakes Boro, NJ last sold?

The most recent recorded sale was in 2003 for $479,900.

What is the assessed value of 035 Rainbow Trl, Mountain Lakes Boro, NJ?

The total municipal assessment is $624,600 (land plus improvements).

What is 035 Rainbow Trl, Mountain Lakes Boro, NJ worth?

Our model estimates a market value of $716,788, derived from comparable recorded sales nearby.

How many units does 035 Rainbow Trl, Mountain Lakes Boro, NJ have?

Records show 1 dwelling unit at 035 Rainbow Trl, Mountain Lakes Boro, NJ.

What kind of property is 035 Rainbow Trl, Mountain Lakes Boro, NJ?

MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1974.

parceldata.nj

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035 Rainbow Trl, Mountain Lakes Boro, NJ — owner, sales, deeds · parceldata

035 Rainbow Trl

Mountain Lakes Boro, NJ 07046·Morris County

1425·block 13·lot 5.02

$716,788estimated value

Last sale

$479,900

9/25/2003 · taxrecords_nj

Property

Type

Residential 1-4 unit

Tax class

Residential 1-4 unit

Year built

1974

Building size

1,328 sq ft

Lot size

0.24 ac

Land description

.242 AC

Building description

—

Dwelling / commercial units

1 dw / 0 comm

Tax & Assessment

Net assessed value

$624,600

Land value

$323,200

Improvement value

$301,400

Last year's tax

$13,760

Last MOD-IV sale

$479,900

MOD-IV deed date

7/16/2003

Owner mailing address

035 RAINBOW TRL
MOUNTAIN LAKES, NJ 07046

Estimated market value

$716,788

range $611,841 – $806,834

high confidence

Assessment-implied: $713,747; Director's Ratio 0.8751 (2025)
Comp-implied: $718,309; 5 comparable sales

Estimated value, last 11 years

2016: $688,482 → 2026: $716,788

Based on 5 comparable sales

Address	Sold	Price
10 Wilcox Drive	9/16/2025	$1,400,000
017 Woodland Ave	9/11/2025	$630,000

Bordering

200-ft notice list →

041 Rainbow Trl
Lot 1·$666,000
014 Crestwood Dr
Lot 12·$674,800
037 Rainbow Trl
Lot 3·$649,500
033 Rainbow Trl
Lot 6.02·$654,600

Block 13All of Block 13 →

Debug — raw data per source

Computed

{
  "isCondoMaster": false,
  "condoCluster": null,
  "siblingUnitCount": 0,
  "portfolioCount": 0,
  "portfolioKeys": {
    "fullKeys": [
      "035 RAINBOW TRL MOUNTAIN LAKES NJ 07046"
    ],
    "zipKeys": [
      "035 RAINBOW TRL 07046"
    ]
  },
  "effective_unit_count": 1,
  "effective_unit_count_source": "MOD-IV"
}

MOD-IV

{
  "pams_pin": "1425_13_5.02",
  "county_code": "14",
  "district_code": "25",
  "block": "13",
  "lot": "5.02",
  "qualifier": "",
  "property_location": "035 RAINBOW TRL",
  "property_class": "2",
  "bldg_class": "17",
  "bldg_desc": null,
  "land_desc": ".242 AC",
  "year_built": 1974,
  "living_sqft": 1328,
  "dwelling_units": 1,
  "comm_dwell": null,
  "land_value_cents": "32320000",
  "improvement_value_cents": "30140000",
  "net_value_cents": "62460000",
  "last_yr_tx_cents": "1375966",
  "deed_date": "2003-07-16",
  "deed_book": "5927",
  "deed_page": "243",
  "sale_price_cents": "47990000",
  "sales_code": null,
  "owner_mailing_street": "035 RAINBOW TRL",
  "owner_mailing_city_state_zip": "MOUNTAIN LAKES,  NJ  07046",
  "mun_name": "MOUNTAIN LAKES BORO",
  "calc_acre": "0.242000",
  "add_lots1": null,
  "add_lots2": null,
  "prop_use": null,
  "fac_name": null,
  "centroid_lon": -74.4598473996895,
  "centroid_lat": 40.887672735917285
}

SR1A

[
  {
    "id": "eba34999-570b-4bfc-8765-2c2e72767473",
    "property_id": "2fc1ac13-052c-4b15-88c9-3286d3842ab1",
    "county_code": "14",
    "district_code": "25",
    "block": "13",
    "lot": "5.02",
    "qualifier": "",
    "deed_book": "5927",
    "deed_page": "243",
    "deed_date": "2003-07-16",
    "date_recorded": "2003-09-25",
    "sale_price_cents": "47990000",
    "sr1a_year": null,
    "source": "taxrecords_nj"
  },
  {
    "id": "07282361-47e7-41da-a4b0-85ceefc685b9",
    "property_id": "2fc1ac13-052c-4b15-88c9-3286d3842ab1",
    "county_code": "14",
    "district_code": "25",
    "block": "13",
    "lot": "5.02",
    "qualifier": "",
    "deed_book": "5927",
    "deed_page": "243",
    "deed_date": "2003-07-16",
    "date_recorded": "2003-07-16",
    "sale_price_cents": "47990000",
    "sr1a_year": null,
    "source": "modiv_rutgers"
  }
]

API record·permalink

Frequently asked questions

When was 035 Rainbow Trl, Mountain Lakes Boro, NJ last sold?: The most recent recorded sale was in 2003 for $479,900.
What is the assessed value of 035 Rainbow Trl, Mountain Lakes Boro, NJ?: The total municipal assessment is $624,600 (land plus improvements).
What is 035 Rainbow Trl, Mountain Lakes Boro, NJ worth?: Our model estimates a market value of $716,788, derived from comparable recorded sales nearby.
How many units does 035 Rainbow Trl, Mountain Lakes Boro, NJ have?: Records show 1 dwelling unit at 035 Rainbow Trl, Mountain Lakes Boro, NJ.
What kind of property is 035 Rainbow Trl, Mountain Lakes Boro, NJ?: MOD-IV classifies it as Residential 1-4 unit (class 2). Year built: 1974.

Sales history

9/25/2003$479,900
taxrecords_njBk 5927 / Pg 243
7/16/2003$479,900
MOD-IV (Rutgers)Bk 5927 / Pg 243

Date	Price	Book / Page	Source
9/25/2003	$479,900	5927 / 243	taxrecords_nj
7/16/2003	$479,900	5927 / 243	MOD-IV (Rutgers)