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4242 E Rainbow Dr; Gilbert, AZ Property Details

4242 E Rainbow Dr, Gilbert, AZ is a Single Family that was built in 2003. This property is currently Financed and is not for sale. Our records show that 4242 E Rainbow Dr has 3 bedrooms, and 3.5 bathrooms, and a total of 2,900 square feet. The lot size of 4242 E Rainbow Dr is 8,710 square feet.

Off market
4242 E Rainbow Dr Gilbert, AZ 85297
$600,000 Listing Price
3 Beds
3.5 Baths
2,900 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 2003
  • Purchase Price: $600,000
  • Open Loans / Balance: 1 / $484,889
  • Est. Equity / %: $162,111 / 25.06%
  • Gross Yield: 6.063%
  • APN: 313-01-835
  • Situs County: Maricopa
  • Length Of Ownership: 4 years, 9 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 3.5
  • Full Bathrooms: 3
  • Total Rooms: 8
  • Partial Bathrooms: 1

Structure

  • Building Style: Frame
  • Stories: 2
  • Exterior Wall Type: Wood
  • Building Condition: Average
  • Building Quality: B
  • Pool Type: Yes
  • Roof Cover Type: Concrete

Measurements

  • Total: 2,900/SqFt
  • Lot: 8,710/SqFt
  • Gross: 3,165/SqFt
  • Living: 2,900/SqFt
  • Building: 2,900/SqFt
  • Ground: 1,648/SqFt
  • Price Per Square Foot: $206.90

Legal Description

  • Description: POWER RANCH NEIGHBORHOOD 4 MCR 513-17
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Higley Unified District
  • Lat / Lon: 33.275345 / -111.69781
  • Subdivision: Power Ranch Neighborhood 4
  • Property Class: Residential
  • Zoning: R-8
  • County Use Code: 0141

Amenities

  • Pool: true
  • Plus Four: 9669
  • Bathroom Fixtures: 11
  • Cooling: Refrigeration
  • Garage: Garage
  • Heating: Forced air unit
  • Parking: 3

HOA

  • H O A One: $236
  • H O A Amount: $236
  • H O A One Frequency: Quarterly
  • H O A One Name: Power Ranch Community Association
  • H O A One Type: Home Owner Association

Ownership Info

4242 E Rainbow Dr has no associated ownership info
4242 E Rainbow Dr has no associated ownership info.

Taxes

4242 E Rainbow Dr has 9 associated Taxes items

4242 E Rainbow Dr, Gilbert, AZ pays taxes in Maricopa County, AZ. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $33,131. The APN we've located for 4242 E Rainbow Dr is 313-01-835.

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Taxes
  • Assessed Value:  $33,131
  • Assessed Year:  2025
  • Assessed County:  Maricopa
  • APN:  313-01-835
  • Market Land Value:  109100
  • Tax Amount:  2453.02
  • Tax Year:  2025
  • Market Value:  545500
  • Market Year:  2025

Tax History

4242 E Rainbow Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $33,131 Land Value Improvement Value Tax Amount $2,453.02 Change Rate -0.06449% Assessed CR Tax Rate +0.07404%
Year 2024 Assessed Value $31,553 Land Value Improvement Value Tax Amount $2,622.12 Change Rate -0.00308% Assessed CR Tax Rate +0.083102%
Year 2023 Assessed Value $49,830 Land Value $9,960 Improvement Value $39,870 Tax Amount $2,630.22 Change Rate +0.046479% Assessed CR Tax Rate +0.052784%
Year 2022 Assessed Value $38,480 Land Value $7,690 Improvement Value $30,790 Tax Amount $2,513.4 Change Rate -0.029418% Assessed CR Tax Rate +0.065317%
Year 2021 Assessed Value $35,260 Land Value $7,050 Improvement Value $28,210 Tax Amount $2,589.58 Change Rate -0.019032% Assessed CR Tax Rate +0.073442%
Year 2020 Assessed Value $33,280 Land Value $6,650 Improvement Value $26,630 Tax Amount $2,639.82 Change Rate +0.032745% Assessed CR Tax Rate +0.079322%
Year 2019 Assessed Value $29,800 Land Value $5,960 Improvement Value $23,840 Tax Amount $2,556.12 Change Rate +0.036646% Assessed CR Tax Rate +0.085776%
Year 2018 Assessed Value $28,350 Land Value $5,670 Improvement Value $22,680 Tax Amount $2,465.76 Change Rate +0.037699% Assessed CR Tax Rate +0.086976%
Year 2017 Assessed Value $27,380 Land Value $5,470 Improvement Value $21,910 Tax Amount $2,376.18 Change Rate -0.017628% Assessed CR Tax Rate +0.086785%
Year 2016 Assessed Value $26,650 Land Value $5,330 Improvement Value $21,320 Tax Amount $2,418.82 Change Rate +0.146404% Assessed CR Tax Rate +0.090762%
Year 2015 Assessed Value $25,770 Land Value $5,150 Improvement Value $20,620 Tax Amount $2,109.92 Change Rate +0.004915% Assessed CR Tax Rate +0.081875%
Year 2014 Assessed Value Land Value Improvement Value Tax Amount $2,099.6 Change Rate Assessed CR Tax Rate