NOT LISTED FOR SALE

1038 Rainbow Cir Elmer, NJ 08318

Pittsgrove Township Neighborhood

Estimated Value: $388,000 - $517,000

4 Beds
2.5 Baths
2,516 Sq Ft
$177/Sq Ft Est. Value

Last Sold March 30, 2020

Last sale price $216,000 $86 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $3,355/month

77 Days on Market

Highlights

  • Boat Ramp
  • Canoe or Kayak Water Access
  • Lake Privileges
  • Beach
  • Fishing Allowed
  • Colonial Architecture

About This Home

As of March 2020

One of the larger models in Palatine, this 4 bedroom, 2.5 bathroom home sits on almost half an acre and is ready for you to come put your own personal touches on it! The roof is only about 8 years old, a new HVAC system was installed in December of 2017. Over 2500 SF also offers formal living and dining rooms, a den/office, family room with a large brick fireplace and large basement. Secure your own spot at the lake for your canoe or rowboat, spend your summers by the community inground pool and have your birthday parties under the pavilion. Also included in the association fees are basketball, volleyball and tennis courts. Only minutes from Parvin State Park, Centerton Country Club and Running Deer Golf Club. Come take a look and see the potential for yourself!

Last Agent to Sell the Property

Krystal Kurtz

Weichert Realtors-Mullica Hill Listed on: 11/27/2019

Weichert Realtors-Mullica Hill

Last Buyer's Agent

Keith Squires

Better Homes and Gardens Real Estate Maturo License #RS378367

Better Homes and Gardens Real Estate Maturo

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,733

Year Built

  • Built in 1986

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 105x210
  • Level Lot
  • Back, Front, and Side Yard

HOA Fees

  • $46 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • 2 Open Parking Spaces
  • Front Facing Garage
  • Stone Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Architectural Shingle Roof
  • Plywood Siding Panel T1-11
  • Aluminum Siding

Interior Spaces

  • 2,516 Sq Ft Home
  • Property has 2 Levels
  • Entrance Foyer
  • Family Room Off Kitchen
  • Sitting Room
  • Living Room
  • Formal Dining Room
  • Den
  • Unfinished Basement

Kitchen

  • Breakfast Room
  • Eat-In Kitchen
  • Butlers Pantry
  • Kitchen Island

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Outdoor Features

  • Canoe or Kayak Water Access
  • Private Water Access
  • Property is near a lake
  • Sail
  • Swimming Allowed
  • Electric Motor Boats Only
  • Lake Privileges
  • Patio

Schools

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

Utilities

  • 90% Forced Air Heating and Cooling System
  • Well
  • On Site Septic

Listing and Financial Details

  • Tax Lot 00034
  • Assessor Parcel Number 11-01514-00034

Community Details

Overview

  • Association fees include common area maintenance, pool(s), recreation facility
  • Palatine Lake HOA
  • Palatine Lake Subdivision
  • Community Lake

Amenities

  • Picnic Area
  • Common Area
  • Clubhouse

Recreation

  • Boat Ramp
  • Pier or Dock
  • 1 Community Docks
  • Beach
  • Tennis Courts
  • Community Basketball Court
  • Volleyball Courts
  • Community Playground
  • Community Pool
  • Fishing Allowed

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,733

Year Built

Built in 1986

Lot Details

0

HOA Fees

$46 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1986
  • Remarks Public: One of the larger models in Palatine, this 4 bedroom, 2.5 bathroom home sits on almost half an acre and is ready for you to come put your own personal touches on it! The roof is only about 8 years old, a new HVAC system was installed in December of 2017. Over 2500 SF also offers formal living and dining rooms, a den/office, family room with a large brick fireplace and large basement. Secure your own spot at the lake for your canoe or rowboat, spend your summers by the community inground pool and have your birthday parties under the pavilion. Also included in the association fees are basketball, volleyball and tennis courts. Only minutes from Parvin State Park, Centerton Country Club and Running Deer Golf Club. Come take a look and see the potential for yourself!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Fully Carpeted, Vinyl
  • Interior Amenities: Butlers Pantry, Breakfast Area, Family Room Off Kitchen, Formal/Separate Dining Room, Kitchen - Eat-In, Kitchen - Island, Pantry, Dining Area
  • Wall Ceiling Types: Dry Wall
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Sitting Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Basement, Foyer, Breakfast Room, Office, Bathroom 2, Primary Bathroom
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2516
  • Living Area Sq Ft: 2516
  • Price Per Sq Ft: 89.43
  • Above Grade Finished Sq Ft: 2516
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1038

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Upper Level Bathrooms: 2.00
  • Upper Level Full Bathrooms: 2
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, T-1-11, Aluminum Siding
  • Roof: Architectural Shingle
  • Water Access Features: Boat - Electric Motor Only, Canoe/Kayak, Fishing Allowed, Private Access, Sail, Swimming Allowed
  • Water Access: Yes
  • Water Body Name: Palatine Lak
  • Water Body Type: Lake
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Open Parking Spaces Count: 2
  • Parking Features: Stone 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: 90% Forced Air, Forced Air
  • Heating: Yes
  • Sewer/Septic System: On Site Septic
  • Water Source: Private, Well

Condo/Co-op/Association

  • HOA Fees: 139.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Basketball Courts, Beach, Boat Ramp, Club House, Common Grounds, Lake, Picnic Area, Pier/Dock, Pool - Outdoor, Tennis Courts, Tot Lots/Playground, Water/Lake Privileges, Volleyball Courts
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Pool(s), Recreation Facility
  • HOA Name: PALATINE LAKE HOA
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: In Ground

Schools

  • School District: PITTSGROVE TOWNSHIP PUBLIC SCHOOLS
  • Elementary School: OLIVET E.S.
  • Middle School: PITTSGROVE TWP. M.S.
  • High School: ARTHUR P. SCHALICK H.S.
  • 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: OLIVET E.S.
  • High School: ARTHUR P. SCHALICK H.S.
  • Middle Or Junior School: PITTSGROVE TWP. M.S.

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Features: Front Yard, Level, Sideyard(s), Rear Yard
  • Lot Size Acres: 0.48
  • Lot Dimensions: 105x210
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20909.00
  • Outdoor Living Structures: Patio(s)
  • Year Assessed: 2019
  • Zoning: RESIDENTIAL

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Pets: No Pet Restrictions
  • Pets Allowed: Yes
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Tax Annual Amount: 9733.00
  • Assessor Parcel Number: 11-01514-00034
  • Tax Lot: 00034
  • Tax Total Finished Sq Ft: 2516
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 03/30/2020

MLS Schools

  • School District Name: PITTSGROVE TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2019
Closed on
Mar 30, 2020
Sold by
Lee Ted S and Lee Hyun J
Bought by
Shinn Ryan J and Shinn Dara
Seller's Agent
Krystal Kurtz
Weichert Realtors-Mullica Hill
Buyer's Agent
Keith Squires
Better Homes and Gardens Real Estate Maturo
List Price
$225,000
Sold Price
$216,000
Premium/Discount to List
-$9,000
-4%
Current Estimated Value
$445,943

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,943
Avg. Annual Appreciation
14.31%
Original Mortgage
$212,087
Outstanding Balance
$189,897
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$256,046

Purchase Details

Closed on
Aug 6, 1987
Bought by
Lee Ted S + Hyun
Source: Public Records

Range of Values:

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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
Shinn Ryan J $216,000 Federation Title Agency Inc
Lee Ted S + Hyun $133,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shinn Ryan J $28,129
Open Shinn Ryan J $212,087
Closed Shinn Ryan J $212,087
Previous Owner Lee Ted S $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2020 03/30/20 Sold $216,000 -4.0% $86 / Sq Ft
02/12/2020 02/12/20 Pending -- -- --
11/27/2019 11/27/19 For Sale $225,000 -- $89 / 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 $10,609 $260,800 $64,900 $195,900
2023 $10,609 $260,800 $64,900 $195,900
2022 $10,471 $260,800 $64,900 $195,900
2021 $10,182 $260,800 $64,900 $195,900
2020 $9,900 $260,800 $64,900 $195,900
2019 $9,733 $260,800 $64,900 $195,900
2018 $9,517 $260,800 $64,900 $195,900
2017 $9,151 $260,800 $64,900 $195,900
2016 $8,695 $260,800 $64,900 $195,900
2015 $8,286 $260,800 $64,900 $195,900
2014 $7,941 $260,800 $64,900 $195,900
Source: Public Records

Agents Affiliated with this Home

  • Krystal Kurtz

    Seller's Agent in 2020

    Krystal Kurtz

    Weichert Corporate

    (609) 774-5073

    3 in this area

    45 Total Sales

    Krystal Kurtz
    Section Image
  • Keith Squires

    Buyer's Agent in 2020

    Keith Squires

    Better Homes and Gardens Real Estate Maturo

    (856) 466-4958

    98 Total Sales

    Keith Squires
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJSA136590

Bright MLS

APN: 11-01514-0000-00034

New Jersey Salem County Elmer 08318 Pittsgrove Township

1038 Rainbow Cir, Elmer, NJ

This home is located at 1038 Rainbow Cir, Elmer, NJ 08318 since 27 November 2019 and is currently estimated at $445,943, approximately $177 per square foot. This property was built in 1986. 1038 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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