NOT LISTED FOR SALE

120 Rainbow Dr Brick, NJ 08724

Estimated Value: $494,000 - $543,000

3 Beds
1.5 Baths
1,320 Sq Ft
$393/Sq Ft Est. Value

Last Sold July 08, 2020

Last sale price $305,000 $231 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $3,197/month

4 Days on Market

Highlights

  • New Kitchen
  • Wood Flooring
  • Granite Countertops
  • Deck
  • Great Room
  • 3-minute walk to Midstreams Park

About This Home

As of July 2020

Welcome home to 120 Rainbow Dr. This beautifully updated ranch home is move-in ready! Located in the sought after Midstreams section of Brick, this 3 bedroom home features gleaming hardwood floors throughout, lots of natural light and an easy layout. Entertain family and friends in the bright new kitchen, great room with decorative molding and the enclosed deck overlooking the fenced in yard. The property is maturely landscaped and well cared for. Whether you are searching for a primary or summer residence, this home has so much to offer. Just 15 minutes to the beach, close to marinas, Jenkinsons boardwalk and major roadways. Come see for yourself.

Last Agent to Sell the Property

Beth Sarre

Salt and Cedar Properties, LLC License #0015417 Listed on: 05/11/2020

Last Buyer's Agent

Alexis Siciliano

RE/MAX Gateway License #1430865

RE/MAX Gateway

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,431

Year Built

  • Built in 1957

Lot Details

  • 0.3 Acre Lot
  • Fenced
  • Level Lot
  • Irregular Lot
  • Sprinkler System

Home Design

  • Shingle Roof
  • Shingle Siding

Interior Spaces

  • 1,320 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Ceiling Fan
  • Gas Fireplace
  • Blinds
  • Great Room
  • Living Room
  • Wood Flooring
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • New Kitchen
  • Breakfast Area or Nook
  • Stove
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Double-Wide Driveway

Outdoor Features

  • Deck
  • Shed

Schools

  • Midstreams Elementary School
  • Veterans Memorial Middle School
  • Brick Twp. High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: Dining Room Chandelier
  • Assessor Parcel Number 07-00902-43-00008

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,431

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • ResoLotFeatures: Irregular Lot
  • Inclusions: Washer, Blinds/Shades, Ceiling Fan(s), Dishwasher, Dryer, Microwave, Stove, Refrigerator
  • Subdivision Name: None
  • Architectural Style: Ranch
  • Reso Flooring: Wood
  • Reso Interior Features: Attic - Pull Down Stairs, Dec Molding
  • Year Built: 1957
  • Contract Info List PriceSqFt: 226.52
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info HOA: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.3
  • Location Middle School: Veterans Memorial
  • Interior Attic - Pull Down Stairs: Yes
  • Living Room Floor - Wood2: Yes
  • Dining Room Floor - Wood3: Yes
  • Kitchen Newer: Yes
  • Cooling Central Air: Yes
  • ExteriorFence: Yes
  • Roof Shingled: Yes
  • Rooms Living Room: Yes
  • Included Stove: Yes
  • WaterSewer Public Water: Yes
  • Floors Wood: Yes
  • Water Heater Natural Gas2: Yes
  • Exterior Shed: Yes
  • Parking Double Wide Drive: Yes
  • General Property Info # Fireplaces: 1.0
  • Interior Dec Molding: Yes
  • Lot Description Irregular Lot: Yes
  • Included BlindsShades: Yes
  • Exterior Sprinkler Under: Yes
  • Garage None4: Yes
  • Included Ceiling Fan(s): Yes
  • Living Room Fireplace - Gas7: Yes
  • Dining Room Dec Molding4: Yes
  • Kitchen GraniteStone Counter: Yes
  • GreatFamily Room Floor - Wood5: Yes
  • ExteriorDeck: Yes
  • Style Ranch: Yes
  • Siding Shingle: Yes
  • Living Room Dec Molding3: Yes
  • Kitchen BnookDining Area: Yes
  • Kitchen Floor - Wood4: Yes
  • GreatFamily Room Dec Molding6: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 1
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Refrigerator: Yes
  • Basement:Crawl Space: Yes
  • Appliances Included:Dryer: Yes
  • Appliances Included:Washer: Yes
  • Appliances Included:Microwave: Yes
  • Other Rooms:Great Room: Yes
  • Primary Bedroom:Floor - Wood6: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 0.3
  • Topography: Level
  • Waterfront: No
  • Exclusions: Dining Room Chandelier
  • Construction Type: Shingle Siding
  • Exterior Features: Deck, Fence, Shed, Sprinkler Under

Garage/Parking

  • Garage: No
  • Attached Garage: No
  • Parking Features: Double Wide Drive, None
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Veterans Memorial

Lot Info

  • Lot Size Sq Ft: 13068.0
  • Parcel #: 07-00902-43-00008
  • Zoning Description: Residential

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 5431.0

MLS Schools

  • Elementary School: Midstreams
  • High School: Brick Twp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2020
Closed on
Jul 6, 2020
Sold by
Cassidy Collen
Bought by
Williams Mark and Williams Maggie
Seller's Agent
Beth Sarre
Salt and Cedar Properties, LLC
Buyer's Agent
Alexis Siciliano
RE/MAX Gateway
List Price
$299,000
Sold Price
$305,000
Premium/Discount to List
$6,000
2.01%
Current Estimated Value
$518,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,298
Avg. Annual Appreciation
10.04%
Original Mortgage
$274,500
Outstanding Balance
$243,408
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$274,890

Purchase Details

Closed on
Nov 19, 2013
Sold by
Jones Lisa J
Bought by
Cassidy Colleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2011
Sold by
Gondecki Alfred C and Gondecki Nancy L
Bought by
Jones Lsia J

Purchase Details

Closed on
Mar 31, 1995
Sold by
Wachter Joan
Bought by
Gondecki Alfred and Gondecki Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,000
Interest Rate
8.66%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Williams Mark $305,000 Fidelity National Ttl Ins Co
Cassidy Colleen $230,000 Premier Abstract & Title Ag
Jones Lsia J $217,500 None Available
Gondecki Alfred $79,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Mark $274,500
Previous Owner Cassidy Colleen $155,000
Previous Owner Gondecki Alfred $79,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/08/2020 07/08/20 Sold $305,000 +2.0% $231 / Sq Ft
05/15/2020 05/15/20 Pending -- -- --
05/11/2020 05/11/20 For Sale $299,000 -- $227 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $6,167 $236,300 $160,100 $76,200
2024 $5,853 $236,300 $160,100 $76,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22014629

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 07-00902-43-00008