NOT LISTED FOR SALE

1032 Rainbow Cir Elmer, NJ 08318

Pittsgrove Township Neighborhood

Estimated Value: $418,000 - $513,000

4 Beds
2.5 Baths
2,480 Sq Ft
$182/Sq Ft Est. Value

Last Sold September 06, 2019

Last sale price $235,000 $95 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $3,356/month

106 Days on Market

Highlights

  • Open Floorplan
  • Sun or Florida Room
  • Formal Dining Room
  • Colonial Architecture
  • Den
  • 2 Car Direct Access Garage

About This Home

As of September 2019

This gorgeous home is in the Palatine Lake Community. The amazing neighborhood association includes tennis courts, swimming pool, and boat ramp for assess to Palatine Lake. The home has been totally renovated; it features an updated kitchen with granite counter tops, uniquely designed backsplash and stainless-steel pulls to match the new appliances. The open floor plan features a family room with a custom-designed fireplace, a sunroom with a beautiful view of the large backyard and newly renovated kitchen. The dining room features modern lighting, chair rail molding and nice view. The master suite has a huge walk-in closet which also could be used as a sitting room. (shelves are included in the purchase price and will be installed prior to closing). The master suite bathroom has a double vanity with a jetted tub and jetted shower. All the flooring has been replaced with laminate or tile. There is a downstairs office which be used as an additional bedroom. There is a huge backyard which is great for cookouts entertaining. The basement is partially finished and ideal for an exercise room, movie theater or man cave. Why not become a homeowner is the great community?

Last Agent to Sell the Property

Michael Williams

HomeSmart Nexus Realty Group - Princeton Listed on: 04/24/2019

HomeSmart Nexus Realty Group - Princeton

Last Buyer's Agent

Maria Larrain

Coldwell Banker Excel Realty

Coldwell Banker Excel Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,393

Year Built

  • Built in 1984

Lot Details

  • 0.48 Acre Lot

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Front Facing Garage
  • Gravel Driveway

Home Design

  • Colonial Architecture
  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2,480 Sq Ft Home
  • Property has 2 Levels
  • Open Floorplan
  • Crown Molding
  • Ceiling Fan
  • Fireplace Mantel
  • Brick Fireplace
  • Family Room Off Kitchen
  • Formal Dining Room
  • Den
  • Sun or Florida Room
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen

Flooring

  • Laminate
  • Tile or Brick

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on main level

Home Security

  • Home Security System
  • Motion Detectors

Schools

  • Olivet Elementary School
  • Pittsgrove Twp Middle School
  • Arthur P Schalick High School

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank

Community Details

  • Palatine Lake Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 00031
  • Assessor Parcel Number 11-01514-00031

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,393

Year Built

Built in 1984

Lot Details

0

HOA Fees

$21 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Furniture may be purchased.
  • Home Warranty: Yes
  • Inclusions: With full price offer, all appliances will be included.
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2019-04-24
  • Federal Flood Zone: No
  • Year Built: 1984
  • Remarks Public: This gorgeous home is in the Palatine Lake Community. The amazing neighborhood association includes tennis courts, swimming pool, and boat ramp for assess to Palatine Lake. The home has been totally renovated; it features an updated kitchen with granite counter tops, uniquely designed backsplash and stainless-steel pulls to match the new appliances. The open floor plan features a family room with a custom-designed fireplace, a sunroom with a beautiful view of the large backyard and newly renovated kitchen. The dining room features modern lighting, chair rail molding and nice view. The master suite has a huge walk-in closet which also could be used as a sitting room. (shelves are included in the purchase price and will be installed prior to closing). The master suite bathroom has a double vanity with a jetted tub and jetted shower. All the flooring has been replaced with laminate or tile. There is a downstairs office which be used as an additional bedroom. There is a huge backyard which is great for cookouts entertaining. The basement is partially finished and ideal for an exercise room, movie theater or man cave. Why not become a homeowner is the great community?
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Laminated, Tile/Brick
  • Interior Amenities: Ceiling Fan(s), Crown Moldings, Dining Area, Family Room Off Kitchen, Floor Plan - Open, Formal/Separate Dining Room, Kitchen - Eat-In, Primary Bath(s), Walk-In Closet(s)
  • Fireplace Features: Brick, Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 2
  • Room List: Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Basement, Sun/Florida Room, Laundry, Office, Bathroom 2, Primary Bathroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Main Floor
  • Total Sq Ft: 2480
  • Living Area Sq Ft: 2480
  • Price Per Sq Ft: 96.77
  • Above Grade Finished Sq Ft: 2480
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1032

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding
  • Roof: Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Gravel Driveway
  • Garage Features: Garage - Front Entry, Inside Access
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Security: Motion Detectors, Security System
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

  • HOA Fees: 250.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: PITTSGROVE TOWNSHIP PUBLIC SCHOOLS
  • Elementary School: OLIVET
  • Middle School: PITTSGROVE TWP
  • High School: ARTHUR P SCHALICK
  • Elementary School Source: 3rd Party
  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Key: 300200396396
  • School District Source: 3rd Party
  • Elementary School: OLIVET
  • High School: ARTHUR P SCHALICK
  • Middle Or Junior School: PITTSGROVE TWP

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 192500.00
  • Land Assessed Value: 64900.00
  • Lot Size Acres: 0.48
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20909.00
  • Year Assessed: 2018
  • Zoning: RESIDENTIAL

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets Allowed: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2211827
  • Tax Annual Amount: 9393.00
  • Assessor Parcel Number: 11-01514-00031
  • Tax Lot: 00031
  • Tax Total Finished Sq Ft: 2160
  • County Tax Payment Frequency: Annually
  • Tax Year: 2018
  • Close Date: 09/06/2019

MLS Schools

  • School District Name: PITTSGROVE TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2019
Closed on
Sep 3, 2019
Sold by
1032 Rainbow Cir Industrs
Bought by
Santos Magdaly and Santos Paul
Seller's Agent
Michael Williams
HomeSmart Nexus Realty Group - Princeton
Buyer's Agent
Maria Larrain
Coldwell Banker Excel Realty
List Price
$279,900
Sold Price
$235,000
Premium/Discount to List
-$44,900
-16.04%
Current Estimated Value
$451,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,948
Avg. Annual Appreciation
11.58%
Original Mortgage
$230,718
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Listed on
Mar 28, 2018
Closed on
May 3, 2018
Sold by
Fnma
Bought by
1032 Rainbow Cir Indust
Seller's Agent
Edward Augsberger
COASTAL ELITE REALTY
Buyer's Agent
AGENT NON-MEMBER
NON-MEMBER OFFICE
List Price
$114,900
Sold Price
$112,000
Premium/Discount to List
-$2,900
-2.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
74.58%
Original Mortgage
$121,000
Interest Rate
4.4%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 26, 2017
Sold by
Pnc Bank
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Aug 25, 2005
Sold by
Criss Michael I
Bought by
Richards Christopher M and Richards Katherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,980
Interest Rate
5.79%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 29, 2004
Sold by
Criss Bops J
Bought by
Criss Michael L

Purchase Details

Closed on
Feb 26, 2004
Sold by
Delrossi Jeffrey and Delrossi Kimberly
Bought by
Criss Michael L and Criss Bops J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,388
Interest Rate
5.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 28, 2000
Sold by
Cellmer Terry and Cellmer Judith Ann
Bought by
Delrossi Jeffrey and Delrossi Kimberly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,587
Interest Rate
8.21%
Mortgage Type
FHA
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
Santos Magdaly $235,000 --
1032 Rainbow Cir Indust $112,000 --
Federal Home Loan Mortgage Corp -- None Available
Richards Christopher M $279,900 Group 21 Title Agency
Criss Michael L -- --
Criss Michael L $236,000 Commonwealth Land Title Insu
Delrossi Jeffrey $163,000 Landis Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Santos Magdaly $325,600
Closed Santos Magdaly $227,780
Closed Santos Magdaly $230,718
Previous Owner 1032 Rainbow Cir Industr $121,000
Previous Owner 1032 Rainbow Cir Indust $121,000
Previous Owner Richards Christopher M $55,980
Previous Owner Richards Christopher M $223,920
Previous Owner Criss Michael L $80,388
Previous Owner Delrossi Jeffrey $116,522
Previous Owner Delrossi Jeffrey D $116,537
Previous Owner Delrossi Jeffrey D $116,522
Previous Owner Delrossi Jeffrey $117,587
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2019 09/06/19 Sold $235,000 -2.1% $95 / Sq Ft
07/19/2019 07/19/19 Price Changed $239,999 0.0% $97 / Sq Ft
06/29/2019 06/29/19 Price Changed $239,900 -7.7% $97 / Sq Ft
06/12/2019 06/12/19 Price Changed $259,900 -5.5% $105 / Sq Ft
05/18/2019 05/18/19 Price Changed $275,000 -1.8% $111 / Sq Ft
04/24/2019 04/24/19 For Sale $279,900 +149.9% $113 / Sq Ft
05/10/2018 05/10/18 Sold $112,000 0.0% $52 / Sq Ft
05/10/2018 05/10/18 Sold $112,000 -2.5% $52 / Sq Ft
03/28/2018 03/28/18 Pending -- -- --
03/28/2018 03/28/18 For Sale $114,900 -11.5% $53 / Sq Ft
03/15/2018 03/15/18 Pending -- -- --
01/25/2018 01/25/18 For Sale $129,900 0.0% $60 / Sq Ft
01/25/2018 01/25/18 Price Changed $129,900 -4.4% $60 / Sq Ft
01/11/2018 01/11/18 Pending -- -- --
12/14/2017 12/14/17 Price Changed $135,900 -9.3% $63 / Sq Ft
10/11/2017 10/11/17 For Sale $149,900 -- $69 / 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
2024 $10,471 $257,400 $64,900 $192,500
2023 $10,471 $257,400 $64,900 $192,500
2022 $10,335 $257,400 $64,900 $192,500
2021 $10,049 $257,400 $64,900 $192,500
2020 $9,771 $257,400 $64,900 $192,500
2019 $9,606 $257,400 $64,900 $192,500
2018 $9,393 $257,400 $64,900 $192,500
2017 $9,032 $257,400 $64,900 $192,500
2016 $8,582 $257,400 $64,900 $192,500
2015 $8,178 $257,400 $64,900 $192,500
2014 $7,838 $257,400 $64,900 $192,500
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Michael Williams

    HomeSmart Nexus Realty Group - Princeton

    (919) 225-7248

    4 Total Sales

    Michael Williams
    Section Image
  • Maria Larrain

    Buyer's Agent in 2019

    Maria Larrain

    Coldwell Banker Excel Realty

    (856) 207-4678

    4 in this area

    128 Total Sales

    Maria Larrain
    Section Image

  • E

    Seller's Agent in 2018

    Edward Augsberger

    Weichert Corporate

    (609) 338-1189

    150 Total Sales

    Edward Augsberger
    Section Image

  • A

    Buyer's Agent in 2018

    AGENT NON-MEMBER

    NON-MEMBER OFFICE

See All Agents

Map

Source: Bright MLS

MLS Number: NJSA133826

Bright MLS

APN: 11-01514-0000-00031

New Jersey Salem County Elmer 08318 Pittsgrove Township

1032 Rainbow Cir, Elmer, NJ

This home is located at 1032 Rainbow Cir, Elmer, NJ 08318 since 24 April 2019 and is currently estimated at $451,948, approximately $182 per square foot. This property was built in 1984. 1032 Rainbow Cir is a home located in Salem County with nearby schools including Elmer Elementary School, Pittsgrove Township Middle School, and Arthur P. Schalick High School.

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