4242 E Rainbow Dr, Gilbert, AZ 85297 Property Records

Maricopa County property record for 4242 E Rainbow Dr, Gilbert, AZ 85297 · Last verified November 2025

Property Highlights

Property TypeResidential > Single Family > Home
Bathrooms4 Baths
Year BuiltBuilt 2003
Square Footage2,900 sqft Living Area
Lot Size8,710 sqft (0.199 acres)
Pool349 sqft
OccupancyOwner Occupied
Last Sale$600,000 (2021)
Tax Bill$2,453.00 (2025)

Owner

Source: Maricopa County records · APN 313-01-835

Assessment roll updated January 1, 2025 · Last verified November 2025

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordIndividual Name on File
Mailing Address4242 E RAINBOW DR, GILBERT, AZ 85297-9669
OccupancyOwner Occupied
Owner TypeOwner is an Individual, Couple or Unincorporated Entity

Deeds, Mortgages & Sale History

DateDocument
Sep 23, 2021Warranty Deed, Transfer · Conventional Mortgage
MOUNTAIN WEST FINANCIAL INC
Jun 11, 2019Deed of Trust, Mortgage · Conventional Mortgage
WELLS FARGO BANK NA

Assessor's Deed Record

Deed NamesVerified Name on Deed
Last SaleSep 23, 2021 · Amount on Record
Deed SaleSep 23, 2021 · Amount on Record
Prior SaleSep 09, 2003 · Amount on Record
Deed Doc Number20211029859
Record RefreshedJun 08, 2026

September 2021: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionMARICOPA AZ
Recording DateSep 23, 2021
Property Address4242 E RAINBOW DR, GILBERT, AZ 85297-9669
Document Number0001029859
Map ReferenceMB 513 PG 17
Instrument DateSep 23, 2021
Instrument20211029859
Transaction TypeTransfer
Record UpdatedSep 29, 2021
Title CompanyLUND TITLE AGENCY LLC, UNITED TITLE AGENCY LLC

Transaction

AmountAmount Recorded
DownpaymentDownpayment on File
Loan-to-Value (LTV)LTV on Record
Tax$0.00
Amount AccuracyFrom Affidavit or Verified
Additional
  • Arms Length Transaction

Transferred From (Grantor/Seller)

NameVerified Name
Address4242 E RAINBOW DR, 4242, GILBERT, AZ 85297-9669

Transferred To (Grantee/Buyer)

NameVerified Name
Address4242 E RAINBOW DR, GILBERT, AZ 85297-9669

Mortgage

Document Number0001029860
DateSep 23, 2021
Instrument20211029860
Lender
NameMOUNTAIN WEST FINANCIAL INC
TypeMortgage Company
Agreement
TypeConventional Mortgage
AmountAmount Recorded
Term361 Months
DueOct 01, 2051

June 2019: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionMARICOPA AZ
Property Address4242 E RAINBOW DR, GILBERT, AZ 85297-9669
Transaction TypeMortgage
Record UpdatedFeb 05, 2021
Title CompanyPIONEER TITLE AGENCY INC

Transferred To (Grantee/Buyer)

NameVerified Name
Address4242 E RAINBOW DR, GILBERT, AZ 85297-9669

Mortgage

Document Number0000432585
DateJun 11, 2019
Instrument20190432585
Lender
NameWELLS FARGO BANK NA
TypeBank
AddressSIOUX FALLS, SD 57104
Agreement
TypeConventional Mortgage
AmountAmount Recorded
Term361 Months
DueJul 01, 2049

Tax Assessment & Valuation

Source: Maricopa County records · Assessment roll updated January 1, 2025 · Last verified November 2025

Property Jurisdictions

TypeName
StateArizona
CountyMaricopa County
MunicipalityGilbert Town
Unified School DistrictHigley Unified District (PK - 12)

Tax Bill & Assessment History

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

YearTax BillAssessed ValueAssessed Market Value
2026$58,610 (+0.26%)$586,100 (+0.26%) Land $117,200 Building $468,900
2025$2,453.00 (-6.73%)
2024$58,460$584,600 Land $116,900 Building $467,700
2023$2,630.00

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, Maricopa County (04013C), updated October 2, 2026 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified: October 2026

Flood

FEMA Flood ZoneZone X
Flood HazardModerate
500-Year FloodplainYes
Special Flood Hazard AreaNo

Wildfire

Wildfire RiskNot rated
no burnable land in reach
Wildfire LikelihoodNegligible
ExposureNone
beyond ember reach

Values are read at the parcel center point; lenders make the official flood determination.

Property Details

APN / Parcel Number

Primary APN313-01-835

Interior

Full Baths4 Baths
Plumbing Fixtures11 Plumbing Fixtures
Total Rooms8 Rooms
Building Area2,900 sqft Living Area
1st Floor1,648 sqft 1st Floor
2nd Floor1,252 sqft 2nd Floor
Stories2 Stories

Exterior

Year BuiltBuilt 2003
Exterior MaterialWood Exterior
Construction TypeFrame Construction
Lot Area8,710 sqft (0.199 acres)
Parking Spaces3 Parking Spaces
Pool Area349 sqft Pool
Patio Area265 sqft Patio

Utilities and HVAC

Cooling SystemRefrigerator Cooling
Heating SystemHVAC Heating

Location & Zoning

Street Address4242 E RAINBOW DR
CityGILBERT
StateAZ
Zip85297-9669
Property UsageResidential Property Usage
TypeResidential > Single Family > Home
Legal DescriptionPOWER RANCH NEIGHBORHOOD 4 MCR 513-17
Legal Range06E
Legal Township02S
Legal Section12
Legal QuarterNW
Legal Quarter QuarterNE
Legal SubdivisionPOWER RANCH NEIGHBORHOOD 4
Legal Lot Number272
JurisdictionMARICOPA AZ
Minor Civil DivisionCHANDLER
Census Blockgroup3
Census Block3003
Census Tract816200

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