NOT LISTED FOR SALE

1117 Rainbow Cir Elmer, NJ 08318

Pittsgrove Township Neighborhood

Estimated Value: $387,000 - $522,000

4 Beds
2.5 Baths
2,232 Sq Ft
$192/Sq Ft Est. Value

Last Sold March 03, 2017

Last sale price $139,900 $63 Per Sq Ft

Est. 199% increase in value since last sale

Current estimated payment $3,086/month

147 Days on Market

Highlights

  • Colonial Architecture
  • Eat-In Kitchen
  • Laundry Room
  • 2 Car Attached Garage
  • Living Room
  • En-Suite Primary Bedroom

About This Home

As of March 2017

A must see opportunity in Palatine Lake Village. This 4 Bedroom, 2 1/2 Bath Colonial has loads of potential and sits along a quiet cul-de-sac. The open Kitchen features a spacious breakfast area with views of the large back yard. This is a Fannie Mae HomePath property.

Last Agent to Sell the Property

Renee Watson

Graham/Hearst Real Estate Company Listed on: 08/02/2016

Co-Listed By

Lisa Kincaid

Graham/Hearst Real Estate Company

Last Buyer's Agent

Stephanie Verderose

Exit Homestead Realty Professi License #8737276

Exit Homestead Realty Professi

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,402

Year Built

  • Built in 1988

Lot Details

  • 0.54 Acre Lot
  • Lot Dimensions are 95 x 208
  • Property is in below average condition

HOA Fees

  • $45 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces

Home Design

  • Colonial Architecture
  • Aluminum Siding

Interior Spaces

  • 2,232 Sq Ft Home
  • Property has 2 Levels
  • Family Room
  • Living Room
  • Dining Room
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • 2.5 Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level

Utilities

  • Central Air
  • Heating System Uses Gas
  • Well
  • Natural Gas Water Heater
  • On Site Septic

Community Details

  • Palatine Lake Subdivision

Listing and Financial Details

  • Tax Lot 00073
  • Assessor Parcel Number 11-01512-00073

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,402

Year Built

Built in 1988

Lot Details

0

HOA Fees

$45 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
  • Year Built: 1988
  • Remarks Public: A must see opportunity in Palatine Lake Village. This 4 Bedroom, 2 1/2 Bath Colonial has loads of potential and sits along a quiet cul-de-sac. The open Kitchen features a spacious breakfast area with views of the large back yard. This is a Fannie Mae HomePath property.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Kitchen - Eat-In
  • Fireplace: No
  • Levels Count: 2
  • Room Count: 8
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Bedroom 1, Laundry
  • Basement: No
  • 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: 66.26
  • Above Grade Finished Sq Ft: 2232
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1117

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding
  • Access To Pool: 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
  • Open Parking Spaces Count: 2
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Gas
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: On Site Septic
  • Water Source: Well

Condo/Co-op/Association

  • HOA Fees: 544.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: PITTSGROVE TOWNSHIP PUBLIC SCHOOLS
  • School District Key: 300200396396

Lot Info

  • Improvement Assessed Value: 156700.00
  • Land Assessed Value: 65300.00
  • Lot Size Acres: 0.54
  • Lot Dimensions: 95 X 208
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 23522.00
  • Property Attached Yn: No
  • Property Condition: Below Average
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2211748
  • Tax Annual Amount: 7402.00
  • Assessor Parcel Number: 11-01512-00073
  • Tax Lot: 00073
  • Tax Year: 2016
  • Close Date: 03/03/2017

MLS Schools

  • School District Name: PITTSGROVE TOWNSHIP PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2016
Closed on
Mar 2, 2017
Sold by
Fannie Mae
Bought by
Vaughn Michael
Seller's Agent
Renee Watson
Graham/Hearst Real Estate Company
Buyer's Agent
Stephanie Verderose
Exit Homestead Realty Professi
List Price
$179,900
Sold Price
$139,900
Premium/Discount to List
-$40,000
-22.23%
Current Estimated Value
$417,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$278,057
Avg. Annual Appreciation
14.18%
Original Mortgage
$177,792
Outstanding Balance
$150,463
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$277,981

Purchase Details

Closed on
Sep 25, 2015
Sold by
Miller Charles M
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Apr 28, 2000
Sold by
Sobczak Margaret
Bought by
Painter Christopher H and Painter Melissa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,200
Interest Rate
8.23%

Purchase Details

Closed on
Jun 24, 1997
Sold by
Warner Steven D and Warner Mindy W
Bought by
Sobczak Margaret

Purchase Details

Closed on
Apr 30, 1996
Sold by
Chapman Christopher J and Chapman Angela L
Bought by
Warner Steven D and Warner Mindy W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
8.21%
Mortgage Type
VA
Source: Public Records

Range of Values:

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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
Vaughn Michael $139,900 Beacon Title Services Agency
Federal National Mortgage Association -- None Available
Painter Christopher H $156,000 Franklin Title Agency Inc
Sobczak Margaret $155,000 --
Warner Steven D $160,000 Lawrence Abstract Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vaughn Michael $177,792
Previous Owner Painter Christopher $148,200
Previous Owner Painter Christopher H $148,200
Previous Owner Warner Steven D $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/03/2017 03/03/17 Sold $139,900 -5.4% $63 / Sq Ft
12/27/2016 12/27/16 Pending -- -- --
11/11/2016 11/11/16 Price Changed $147,900 -6.3% $66 / Sq Ft
10/06/2016 10/06/16 Price Changed $157,900 -7.1% $71 / Sq Ft
09/02/2016 09/02/16 Price Changed $169,900 -5.6% $76 / Sq Ft
08/02/2016 08/02/16 For Sale $179,900 -- $81 / 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 $9,031 $222,000 $65,300 $156,700
2023 $9,031 $222,000 $65,300 $156,700
2022 $8,913 $222,000 $65,300 $156,700
2021 $8,667 $222,000 $65,300 $156,700
2020 $8,427 $222,000 $65,300 $156,700
2019 $8,285 $222,000 $65,300 $156,700
2018 $8,101 $222,000 $65,300 $156,700
2017 $7,790 $222,000 $65,300 $156,700
2016 $7,401 $222,000 $65,300 $156,700
2015 $7,053 $222,000 $65,300 $156,700
2014 $6,760 $222,000 $65,300 $156,700
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Renee Watson

    Graham/Hearst Real Estate Company

    (609) 707-3828

    19 Total Sales

    Section Image

  • L

    Seller Co-Listing Agent in 2017

    Lisa Kincaid

    Graham/Hearst Real Estate Company

    Section Image
  • Stephanie Verderose

    Buyer's Agent in 2017

    Stephanie Verderose

    Exit Homestead Realty Professi

    (609) 774-7117

    19 in this area

    306 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: 1001798739

Bright MLS

APN: 11-01512-0000-00073

New Jersey Salem County Elmer 08318 Pittsgrove Township

1117 Rainbow Cir, Elmer, NJ

This home is located at 1117 Rainbow Cir, Elmer, NJ 08318 since 02 August 2016 and is currently estimated at $428,444, approximately $191 per square foot. This property was built in 1988. 1117 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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