NOT LISTED FOR SALE

1114 Rainbow Cir Elmer, NJ 08318

Pittsgrove Township Neighborhood

Estimated Value: $482,000 - $747,000

4 Beds
2.5 Baths
2,800 Sq Ft
$208/Sq Ft Est. Value

Last Sold March 19, 2021

Last sale price $435,000 $155 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,078/month

67 Days on Market

Highlights

  • Boat Ramp
  • Private Beach Club
  • Property is near a lake
  • Beach
  • Lake View
  • Lake Privileges

About This Home

As of March 2021

This is the one you've been waiting for in Pittsgrove Township. Spectacular lakefront property with 4 bedrooms and 2.5 baths with a finished basement. Home features high ceilings as well as many updates including newer roof, new windows recently installed for efficiency, and a generator. Granite counters, custom cabinets, eat-in kitchen, full dining room, den, and main floor laundry. Living room features a wood stove with a beautiful view of the lake. The family room also boasts a one of kind view of the lake. Offering extra space, the attached 2 gar garage has plenty of storage with an over head loft. Second floor features a generous master suite with a gas fireplace, two walk in closets, a full bathroom in the suite, and a deck to view the lake. Also are the 3 bedrooms with a full bath that complete the second floor. The back of the property includes numerous decks, lighting, a hot tub, a dock with water and electric. The decks allow you to take in the stunning natural beauty of the water. Palatine lake is a private lake where electric motor boats, paddle boats, kayaks, and canoes sail across the water. The association, common areas, include an in-ground pool, beach area, pavilion, tennis court, and basketball court.

Last Agent to Sell the Property

Jan Elwell

RE/MAX Preferred - Vineland License #RS362783 Listed on: 12/06/2020

RE/MAX Preferred - Vineland

Last Buyer's Agent

Alex Czaplinski

Homestarr Realty

Homestarr Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,819

Year Built

  • Built in 1986

Lot Details

  • 0.48 Acre Lot
  • Sprinkler System

HOA Fees

  • $46 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 4 Driveway Spaces
  • Parking Storage or Cabinetry
  • Side Facing Garage

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 2,800 Sq Ft Home
  • Property has 2 Levels
  • Wet Bar
  • Curved or Spiral Staircase
  • Crown Molding
  • Ceiling Fan
  • 2 Fireplaces
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Gas Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Lake Views
  • Storm Doors
  • Finished Basement

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Stove
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Soaking Tub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry on main level

Eco-Friendly Details

  • Energy-Efficient Windows

Outdoor Features

  • Property is near a lake
  • Lake Privileges
  • Deck

Utilities

  • Forced Air Zoned Cooling and Heating System
  • 200+ Amp Service
  • Water Treatment System
  • Well
  • Natural Gas Water Heater
  • Private Sewer

Listing and Financial Details

  • Tax Lot 00076
  • Assessor Parcel Number 11-01512-00076

Community Details

Overview

  • Palatine Lake HOA
  • Palatine Lake Subdivision
  • Community Lake

Recreation

  • Boat Ramp
  • Boat Dock
  • Beach
  • Private Beach Club
  • Tennis Courts
  • Community Basketball Court
  • Volleyball Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,819

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
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2020-12-06
  • Year Built: 1986
  • Automatically Close On Close Date: No
  • Remarks Public: This is the one you've been waiting for in Pittsgrove Township. Spectacular lakefront property with 4 bedrooms and 2.5 baths with a finished basement. Home features high ceilings as well as many updates including newer roof, new windows recently installed for efficiency, and a generator. Granite counters, custom cabinets, eat-in kitchen, full dining room, den, and main floor laundry. Living room features a wood stove with a beautiful view of the lake. The family room also boasts a one of kind view of the lake. Offering extra space, the attached 2 gar garage has plenty of storage with an over head loft. Second floor features a generous master suite with a gas fireplace, two walk in closets, a full bathroom in the suite, and a deck to view the lake. Also are the 3 bedrooms with a full bath that complete the second floor. The back of the property includes numerous decks, lighting, a hot tub, a dock with water and electric. The decks allow you to take in the stunning natural beauty of the water. Palatine lake is a private lake where electric motor boats, paddle boats, kayaks, and canoes sail across the water. The association, common areas, include an in-ground pool, beach area, pavilion, tennis court, and basketball court.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Refrigerator, Stove, Oven/Range - Gas
  • Interior Amenities: Carpet, Ceiling Fan(s), Crown Moldings, Curved Staircase, Kitchen - Eat-In, Soaking Tub, Sprinkler System, Stall Shower, Walk-In Closet(s), Water Treat System, Wet/Dry Bar, Wood Floors, Stove - Wood
  • Window Features: Energy Efficient
  • Fireplace Features: Wood, Gas/Propane
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Door Features: Storm
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Kitchen, Family Room, Den, Foyer, Laundry
  • Basement: Yes
  • Basement Type: Fully Finished
  • Laundry Type: Main Floor
  • Total Sq Ft: 2800
  • Living Area Sq Ft: 2800
  • Price Per Sq Ft: 160.36
  • Above Grade Finished Sq Ft: 2800
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1114

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: Vinyl Siding
  • View: Water, Lake
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Side Entry, Additional Storage Area
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Driveway, Attached Garage
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C, Zoned
  • Electric Service: 200+ Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Private Sewer
  • Water Source: Well

Condo/Co-op/Association

  • HOA Fees: 556.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Basketball Courts, Beach, Beach Club, Boat Ramp, Boat Dock/Slip, Lake, Tennis Courts, Volleyball Courts, Water/Lake Privileges, Pool - Outdoor
  • HOA Name: PALATINE LAKE
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: PITTSGROVE TOWNSHIP PUBLIC SCHOOLS
  • School District Key: 300200396396
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 200100.00
  • Land Assessed Value: 84900.00
  • Lot Size Acres: 0.48
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20909.00
  • Outdoor Living Structures: Deck(s)
  • Year Assessed: 2020
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2211751
  • Tax Annual Amount: 10819.00
  • Assessor Parcel Number: 11-01512-00076
  • Tax Lot: 00076
  • Tax Total Finished Sq Ft: 2800
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 03/19/2021

MLS Schools

  • School District Name: PITTSGROVE TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2021
Sold by
Rice Debbie L
Bought by
Rice Stanley and Rice Debbie L
Current Estimated Value
$559,978

Purchase Details

Listed on
Dec 6, 2020
Closed on
Mar 17, 2021
Sold by
Hubbard Steven Scott and Hubbard Michelle
Bought by
Rice Debbie L
Seller's Agent
Jan Elwell
RE/MAX Preferred - Vineland
Buyer's Agent
Alex Czaplinski
Homestarr Realty
List Price
$469,000
Sold Price
$435,000
Premium/Discount to List
-$34,000
-7.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.48%
Original Mortgage
$348,000
Outstanding Balance
$315,963
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$234,239

Purchase Details

Closed on
Mar 12, 2008
Sold by
Lingle Carl and Lingle Joan
Bought by
Hubbard Steven Scott and Hubbard Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Rice Stanley -- None Available
Rice Stanley -- None Available
Rice Debbie L $435,000 Surety Title Company Llc
Hubbard Steven Scott $469,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rice Debbie L $348,000
Previous Owner Hubbard Steven $227,000
Previous Owner Hubbard Steven $150,000
Previous Owner Hubbard Steven Scott $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2021 03/19/21 Sold $435,000 -3.1% $155 / Sq Ft
02/12/2021 02/12/21 Pending -- -- --
01/13/2021 01/13/21 Price Changed $449,000 -4.3% $160 / Sq Ft
12/06/2020 12/06/20 For Sale $469,000 0.0% $168 / Sq Ft
11/23/2020 11/23/20 Price Changed $469,000 -- $168 / 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 $11,594 $285,000 $84,900 $200,100
2023 $11,594 $285,000 $84,900 $200,100
2022 $11,443 $285,000 $84,900 $200,100
2021 $11,126 $285,000 $84,900 $200,100
2020 $10,819 $285,000 $84,900 $200,100
2019 $10,636 $285,000 $84,900 $200,100
2018 $10,400 $285,000 $84,900 $200,100
2017 $10,001 $285,000 $84,900 $200,100
2016 $9,502 $285,000 $84,900 $200,100
2015 $9,054 $285,000 $84,900 $200,100
2014 $8,678 $285,000 $84,900 $200,100
Source: Public Records

Agents Affiliated with this Home

  • Jan Elwell

    Seller's Agent in 2021

    Jan Elwell

    RE/MAX

    (856) 498-4492

    15 in this area

    374 Total Sales

    Section Image
  • Alex Czaplinski

    Buyer's Agent in 2021

    Alex Czaplinski

    Homestarr Realty

    (856) 332-5013

    1 in this area

    22 Total Sales

    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: NJSA140288

Bright MLS

APN: 11-01512-0000-00076

New Jersey Salem County Elmer 08318 Pittsgrove Township

1114 Rainbow Cir, Elmer, NJ

This home is located at 1114 Rainbow Cir, Elmer, NJ 08318 since 06 December 2020 and is currently estimated at $582,924, approximately $208 per square foot. This property was built in 1986. 1114 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes