NOT LISTED FOR SALE

1059 Rainbow Cir Elmer, NJ 08318

Estimated Value: $437,371 - $475,000

4 Beds
4 Baths
2,232 Sq Ft
$204/Sq Ft Est. Value

Last Sold June 22, 2018

Last sale price $236,000 $106 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $3,350/month

Highlights

  • Clubhouse
  • Traditional Architecture
  • Attic
  • Deck
  • Wood Flooring
  • 2 Car Attached Garage

About This Home

As of June 2018

Well maintained two story home on private wooded lot in Palatine Lake Village. Eat-in kitchen with stainless steel appliances, granite countertops, tile backsplash and tile flooring. Kitchen open to living room with brick wood burning fireplace. Separate dining room, formal living room and half bath on first floor. Spacious bedrooms including master bedroom with sitting area and walk-in closet. Master bathroom has double vanity and stall shower. Full finished basement with built-in bar and half bath. Large rear deck, ceiling fans, insulated garage doors, securtiy system, electric dog fence, natural gas heat and hot water. Homeowners association includes use of the in-ground pool, clubhouse and tennis courts. Pittsgrove School System. This home is eligible for 100 PERCENT FINANCING through the USDA Rural Development Loan Program, no downpayment required. Convenient access to Routes 40, 55, 47, 77 and 25 minutes to the Delaware Memorial Bridge.

Last Agent to Sell the Property

Scott Sheppard

(856) 207-9393 scott.sheppard@foxroach.com BHHS Fox & Roach-Vineland Listed on: 02/07/2018

BHHS Fox & Roach-Vineland

Last Buyer's Agent

Stephanie Davis

(856) 217-1513 southjerseydavisgroup@gmail.com Weichert Realtors-Mullica Hill License #1224415

Weichert Realtors-Mullica Hill

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,899

Year Built

  • Built in 1987

Lot Details

  • 0.72 Acre Lot
  • Lot Dimensions are 93x212x114x83x278
  • South Facing Home
  • Level Lot
  • Irregular Lot
  • Sprinkler System
  • Back and Front Yard
  • Property is in good condition

HOA Fees

  • $45 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 3 Open Parking Spaces
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Brick Foundation
  • Pitched Roof
  • Aluminum Siding

Interior Spaces

  • 2,232 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Brick Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Home Security System
  • Attic

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Cooktop
  • Built-In Microwave
  • Dishwasher

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Deck
  • Shed

Schools

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

Utilities

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

Listing and Financial Details

  • Tax Lot 00048
  • Assessor Parcel Number 11-01514-00048

Community Details

Overview

  • Association fees include common area maintenance, pool(s)
  • Palatine Lake Subdivision

Amenities

  • Clubhouse

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,899

Year Built

Built in 1987

Lot Details

0

HOA Fees

$45 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Inclusions: Refrigerator, Built -In Micro, Dw, Electric Stove, Washer, Dryer
  • New Construction: No
  • Story List: Lower 1, Main
  • Year Built: 1987
  • Remarks Public: Well maintained two story home on private wooded lot in Palatine Lake Village. Eat-in kitchen with stainless steel appliances, granite countertops, tile backsplash and tile flooring. Kitchen open to living room with brick wood burning fireplace. Separate dining room, formal living room and half bath on first floor. Spacious bedrooms including master bedroom with sitting area and walk-in closet. Master bathroom has double vanity and stall shower. Full finished basement with built-in bar and half bath. Large rear deck, ceiling fans, insulated garage doors, securtiy system, electric dog fence, natural gas heat and hot water. Homeowners association includes use of the in-ground pool, clubhouse and tennis courts. Pittsgrove School System. This home is eligible for 100 PERCENT FINANCING through the USDA Rural Development Loan Program, no downpayment required. Convenient access to Routes 40, 55, 47, 77 and 25 minutes to the Delaware Memorial Bridge.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Oven - Self Cleaning, Dishwasher, Refrigerator, Built-In Microwave
  • Flooring Type: Wood, Fully Carpeted, Tile/Brick
  • Interior Amenities: Primary Bath(s), Ceiling Fan(s), Sprinkler System, Kitchen - Eat-In
  • Fireplace Features: Brick
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Entry Location: Foyer
  • Foundation Details: Brick/Mortar
  • Levels Count: 2
  • Room Count: 9
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry, Attic
  • Basement: Yes
  • Basement Type: Full, Fully Finished
  • Laundry Type: Main Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 2232
  • Living Area Sq Ft: 2232
  • Net Sq Ft: 2232.00
  • Price Per Sq Ft: 109.72
  • Above Grade Finished Sq Ft: 2232
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1059

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 2.00
  • Main Level Full Bathrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1
  • Lower Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Shed
  • Construction Materials: Aluminum Siding, Brick
  • Access To Pool: Yes
  • Exterior Features: Street Lights, Lawn Sprinkler
  • Roof: Pitched
  • 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
  • Open Parking Spaces Count: 3
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Gas, Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: On Site Septic
  • Utilities: Cable Tv
  • Water Source: Well

Condo/Co-op/Association

  • HOA Fees: 135.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Club House
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Pool(s)
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: PITTSGROVE TOWNSHIP PUBLIC SCHOOLS
  • Elementary School: OLIVET
  • Middle School: PITTSGROVE TOWNSHIP
  • High School: ARTHUR P SCHALICK
  • School District Key: 300200396396
  • Elementary School: OLIVET
  • High School: ARTHUR P SCHALICK
  • Middle Or Junior School: PITTSGROVE TOWNSHIP

Lot Info

  • Improvement Assessed Value: 187200.00
  • Land Assessed Value: 66400.00
  • Lot Features: Irregular, Level, Front Yard, Rear Yard
  • Lot Size Acres: 0.72
  • Lot Dimensions: 93X212X114X83X278
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 31363.00
  • Outdoor Living Structures: Deck(s)
  • Property Attached Yn: No
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2211843
  • Tax Annual Amount: 8899.00
  • Assessor Parcel Number: 11-01514-00048
  • Tax Lot: 00048
  • Tax Year: 2017
  • Close Date: 06/22/2018

MLS Schools

  • School District Name: PITTSGROVE TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2018
Closed on
Jun 22, 2018
Sold by
Johnson Pamela J
Bought by
Clarke Matthew B
Seller's Agent
Scott Sheppard
BHHS Fox & Roach-Vineland
Buyer's Agent
Stephanie Davis
Weichert Realtors-Mullica Hill
List Price
$254,900
Sold Price
$236,000
Premium/Discount to List
-$18,900
-7.41%
Current Estimated Value
$454,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,843
Avg. Annual Appreciation
9.44%
Original Mortgage
$224,200
Interest Rate
4.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 15, 2007
Sold by
Howard Robert P and Howard Christine J
Bought by
Johnson Michael R and Johnson Pamela J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2002
Sold by
Cendant Mobility Financial Corp
Bought by
Howard Robert P and Howard Christine J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,500
Interest Rate
6.79%

Purchase Details

Closed on
Jun 11, 2002
Sold by
Hyde John and Hyde Linda
Bought by
Cendant Mobility Financial Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,500
Interest Rate
6.79%
Source: Public Records

Range of Values:

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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
Clarke Matthew B $236,000 --
Johnson Michael R $339,000 --
Howard Robert P $215,000 Fidelity National Title Ins
Cendant Mobility Financial Corp $215,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clarke Matthew B $224,200
Previous Owner Johnson Michael R $220,000
Previous Owner Howard Robert P $107,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2018 06/22/18 Sold $236,000 -3.6% $106 / Sq Ft
04/16/2018 04/16/18 Pending -- -- --
03/27/2018 03/27/18 Price Changed $244,900 -2.0% $110 / Sq Ft
03/24/2018 03/24/18 Price Changed $249,900 -2.0% $112 / Sq Ft
02/07/2018 02/07/18 For Sale $254,900 -- $114 / 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 $10,836 $253,600 $66,400 $187,200
2024 $10,316 $253,600 $66,400 $187,200
2023 $10,316 $253,600 $66,400 $187,200
2022 $10,182 $253,600 $66,400 $187,200
2021 $9,901 $253,600 $66,400 $187,200
2020 $9,627 $253,600 $66,400 $187,200
2019 $9,464 $253,600 $66,400 $187,200
2018 $9,254 $253,600 $66,400 $187,200
2017 $8,899 $253,600 $66,400 $187,200
2016 $8,455 $253,600 $66,400 $187,200
2015 $8,057 $253,600 $66,400 $187,200
2014 $7,722 $253,600 $66,400 $187,200
Source: Public Records

Agents Affiliated with this Home

  • Scott Sheppard

    Seller's Agent in 2018

    Scott Sheppard

    BHHS Fox & Roach

    (856) 207-9393

    5 in this area

    265 Total Sales

    Scott Sheppard
    Section Image
  • Stephanie Davis

    Buyer's Agent in 2018

    Stephanie Davis

    Weichert Corporate

    (856) 217-1513

    1 in this area

    64 Total Sales

    Stephanie Davis
    Section Image
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Map

Source: Bright MLS

MLS Number: 1000122198

Bright MLS

APN: 11-01514-0000-00048

New Jersey Salem County Elmer 08318

1059 Rainbow Cir, Elmer, NJ

This home is located at 1059 Rainbow Cir, Elmer, NJ 08318 since 07 February 2018 and is currently estimated at $454,843, approximately $203 per square foot. This property was built in 1987. 1059 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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