NOT LISTED FOR SALE

1023 Terns Landing Rd Elmer, NJ 08318

Estimated Value: $391,000 - $432,000

3 Beds
3.5 Baths
1,892 Sq Ft
$218/Sq Ft Est. Value

Last Sold March 31, 2020

Last sale price $227,500 $120 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $3,033/month

Highlights

  • Boat Ramp
  • Lake View
  • Colonial Architecture
  • Tennis Courts
  • Lake Privileges
  • Clubhouse

About This Home

As of March 2020

Welcome to Palatine Lake Community in Pittsgrove Township where you can escape this hectic world by buying a piece of paradise! This two-story, one-car Garage and home has so much to offer with the main floor featuring a Formal Living Room, Formal Dining Room, and Kitchen featuring all new Stainless Steel Appliances, beautiful new Cabinetry, new Flooring, and the Laundry Room on the main floor. The kitchen opens to the spacious Family Room with a Brick Fireplace and Sliding Glass Doors that leads to the rear Patio and a huge rear yard just waiting for all those fun times. Main floor also features a Powder Room. Upstairs offers a Master Bedroom with Master Bathroom and walk-in Closet in addition to two additional Bedrooms and Full Bathroom. How about your very own Lake! Your annual HOA fee includes access to the Palatine Lake with private Beach, and Dock area, where you can go Boating (Electric Motor Only), Canoeing, Kayaking, and Fishing! Other amenities include; club house, in-ground swimming pool, playground area, volleyball, tennis, and basketball courts. Acceptable financing are, FHA, and Conventional Loans as well as Cash, this home is also USDA eligible and qualifies for ZERO down financing options! Now how can you ask for anything more than this, So! Make your appointment today and take a tour, fall in love, make an offer the sellers cannot refuse...then begin preparations for your move and begin creating your own permanent vacation home in this wonderful Community at Palatine Lake.

Last Agent to Sell the Property

Jack Yao

(732) 727-2280 info@realmartrealty.com Realmart Realty, LLC License #0902217 Listed on: 12/06/2019

Last Buyer's Agent

Trish O'Donnell

(609) 504-7495 trishodonnell@kw.com Keller Williams - Main Street License #0447799

Keller Williams - Main Street

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,363

Year Built

  • Built in 1985

Lot Details

  • 0.5 Acre Lot
  • Back, Front, and Side Yard
  • Property is in very good condition

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • 3 Open Parking Spaces
  • Front Facing Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,892 Sq Ft Home
  • Property has 2 Levels
  • Chair Railings
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Lake Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Oven or Range
  • Self-Cleaning Oven
  • Built-In Range
  • Built-In Microwave
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Carpet
  • Tile or Brick

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer and Dryer Hookup

Outdoor Features

  • Lake Privileges
  • Tennis Courts
  • Patio
  • Exterior Lighting
  • Storage Shed
  • Outbuilding

Schools

  • Elmer Elementary School
  • Pittsgrove Twp. Middle School
  • Shalick High School

Utilities

  • Forced Air Heating and Cooling System
  • 100 Amp Service
  • Well
  • Natural Gas Water Heater
  • On Site Septic

Listing and Financial Details

  • Tax Lot 00024
  • Assessor Parcel Number 11-01514-00024

Community Details

Overview

  • Association fees include recreation facility, pool(s)
  • Palatine Lake HOA
  • Palatine Lake Subdivision

Amenities

  • Common Area
  • Clubhouse
  • Community Center

Recreation

  • Boat Ramp
  • Tennis Courts
  • Volleyball Courts
  • Racquetball
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,363

Year Built

Built in 1985

Lot Details

0

HOA Fees

$50 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1985
  • Remarks Public: Welcome to Palatine Lake Community in Pittsgrove Township where you can escape this hectic world by buying a piece of paradise! This two-story, one-car Garage and home has so much to offer with the main floor featuring a Formal Living Room, Formal Dining Room, and Kitchen featuring all new Stainless Steel Appliances, beautiful new Cabinetry, new Flooring, and the Laundry Room on the main floor. The kitchen opens to the spacious Family Room with a Brick Fireplace and Sliding Glass Doors that leads to the rear Patio and a huge rear yard just waiting for all those fun times. Main floor also features a Powder Room. Upstairs offers a Master Bedroom with Master Bathroom and walk-in Closet in addition to two additional Bedrooms and Full Bathroom. How about your very own Lake! Your annual HOA fee includes access to the Palatine Lake with private Beach, and Dock area, where you can go Boating (Electric Motor Only), Canoeing, Kayaking, and Fishing! Other amenities include; club house, in-ground swimming pool, playground area, volleyball, tennis, and basketball courts. Acceptable financing are, FHA, and Conventional Loans as well as Cash, this home is also USDA eligible and qualifies for ZERO down financing options! Now how can you ask for anything more than this, So! Make your appointment today and take a tour, fall in love, make an offer the sellers cannot refuse...then begin preparations for your move and begin creating your own permanent vacation home in this wonderful Community at Palatine Lake.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Oven - Self Cleaning, Oven/Range - Gas, Refrigerator, Stainless Steel Appliances, Washer/Dryer Hookups Only
  • Flooring Type: Carpet, Tile/Brick
  • Interior Amenities: Breakfast Area, Carpet, Ceiling Fan(s), Chair Railings, Dining Area, Kitchen - Eat-In, Primary Bath(s), Recessed Lighting
  • Fireplace Features: Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Room Count: 7
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Foyer, Laundry, Primary Bathroom, Full Bath
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Hookup, Main Floor
  • Total Sq Ft: 1892
  • Living Area Sq Ft: 1892
  • Price Per Sq Ft: 124.15
  • Above Grade Finished Sq Ft: 1892
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1023

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Storage Barn/Shed
  • Construction Materials: Brick, Vinyl Siding
  • Exterior Features: Exterior Lighting, Outbuilding(s), Tennis Court(s)
  • Roof: Shingle
  • View: Lake
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Open Parking Spaces Count: 3
  • Garage Features: Built In, Garage - Front Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Attached Garage, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: On Site Septic
  • Water Source: Well

Condo/Co-op/Association

  • HOA Fees: 600.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Boat Ramp, Club House, Common Grounds, Community Center, Pool - Outdoor, Racquet Ball, Tennis Courts, Tot Lots/Playground, Volleyball Courts, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Recreation Facility, Pool(s)
  • HOA Name: PALATINE LAKE HOA
  • HOA: Yes
  • Senior Community: No
  • Community Pool Features: Fenced, In Ground

Schools

  • School District: PITTSGROVE TOWNSHIP PUBLIC SCHOOLS
  • Elementary School: ELMER E.S.
  • Middle School: PITTSGROVE TWP. M.S.
  • High School: SHALICK
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396396
  • School District Source: Listing Agent
  • Elementary School: ELMER E.S.
  • High School: SHALICK
  • Middle Or Junior School: PITTSGROVE TWP. M.S.

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 159100.00
  • Land Assessed Value: 65000.00
  • Lot Features: Front Yard, Rear Yard, Sideyard(s)
  • Lot Size Acres: 0.50
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 21780.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Very Good, Good
  • Year Assessed: 2019
  • Zoning: RES

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2211820
  • Tax Annual Amount: 8363.00
  • Assessor Parcel Number: 11-01514-00024
  • Tax Lot: 00024
  • Tax Total Finished Sq Ft: 1892
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 03/31/2020

MLS Schools

  • School District Name: PITTSGROVE TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2019
Closed on
Mar 31, 2020
Sold by
G Sawyer Llc
Bought by
Patterson Tiffany B
Seller's Agent
Jack Yao
Realmart Realty, LLC
Buyer's Agent
Trish O'Donnell
Keller Williams - Main Street
List Price
$255,000
Sold Price
$227,500
Premium/Discount to List
-$27,500
-10.78%
Current Estimated Value
$412,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,748
Avg. Annual Appreciation
11.44%
Original Mortgage
$182,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 3, 2019
Closed on
Sep 20, 2019
Sold by
Fnma
Bought by
G Sawyer Llc
Seller's Agent
Michele Kelly
S. Kelly Real Estate LLC
Buyer's Agent
Andrew Baus
BHHS Fox & Roach-Washington-Gloucester
List Price
$104,900
Sold Price
$91,000
Premium/Discount to List
-$13,900
-13.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
502.94%

Purchase Details

Closed on
Apr 6, 2018
Sold by
Miller Charles M
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 13, 1999
Sold by
Odenath Sharon L
Bought by
Odenath Patrick C and Odenath Sharon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,200
Interest Rate
7.83%
Mortgage Type
Stand Alone First
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Patterson Tiffany B $227,500 Atrium Executive Abstract Ll
G Sawyer Llc $91,000 American Land Title Affiliat
Federal National Mortgage Association -- --
Odenath Patrick C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patterson Tiffany B $182,000
Previous Owner Odenath Patrick C $121,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2020 03/31/20 Sold $227,500 -3.2% $120 / Sq Ft
03/10/2020 03/10/20 Pending -- -- --
02/21/2020 02/21/20 Price Changed $234,900 -2.1% $124 / Sq Ft
01/10/2020 01/10/20 Price Changed $239,900 -4.0% $127 / Sq Ft
12/12/2019 12/12/19 Price Changed $249,900 -2.0% $132 / Sq Ft
12/06/2019 12/06/19 For Sale $255,000 +180.2% $135 / Sq Ft
09/27/2019 09/27/19 Sold $91,000 -4.1% $48 / Sq Ft
09/12/2019 09/12/19 Pending -- -- --
08/30/2019 08/30/19 Price Changed $94,900 -9.5% $50 / Sq Ft
07/30/2019 07/30/19 Price Changed $104,900 0.0% $55 / Sq Ft
07/30/2019 07/30/19 For Sale $104,900 +15.3% $55 / Sq Ft
07/26/2019 07/26/19 Off Market $91,000 -- --
06/11/2019 06/11/19 Price Changed $105,000 -7.9% $55 / Sq Ft
05/10/2019 05/10/19 Price Changed $114,000 -8.7% $60 / Sq Ft
04/03/2019 04/03/19 For Sale $124,900 -- $66 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,576 $224,100 $65,000 $159,100
2024 $9,116 $224,100 $65,000 $159,100
2023 $9,116 $224,100 $65,000 $159,100
2022 $8,998 $224,100 $65,000 $159,100
2021 $8,749 $224,100 $65,000 $159,100
2020 $8,507 $224,100 $65,000 $159,100
2019 $8,363 $224,100 $65,000 $159,100
2018 $8,177 $224,100 $65,000 $159,100
2017 $7,864 $224,100 $65,000 $159,100
2016 $7,471 $224,100 $65,000 $159,100
2015 $7,120 $224,100 $65,000 $159,100
2014 $6,824 $224,100 $65,000 $159,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJSA136640

Bright MLS

APN: 11-01514-0000-00024