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Olivet 08318
1122 RAINBOW CIRCLE
$449,900
↓ $25K (5.2%)
● House - For Sale

1122 RAINBOW CIRCLE

PITTSGROVE, NJ 08318
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,806 Ft²
$3,263
Est. Monthly
$227
HOA / Fees

About This Property

Welcome to 1122 Rainbow Circle in the highly desirable Palatine Lake community of Pittsgrove Township! This beautifully maintained 4-bedroom, 2.5-bath Colonial offers the perfect blend of timeless charm, thoughtful updates, and spacious living. Nestled on a generous lot, this move-in-ready home provides comfort, functionality, and an exceptional lifestyle.

Step inside to discover an inviting floor plan featuring spacious living areas, a bright and functional kitchen, and a finished basement that offers endless possibilities for a recreation room, home office, gym, or additional entertaining space. The private backyard is ideal for relaxing, hosting family and friends, or simply enjoying peaceful evenings outdoors.

Recent upgrades, including a newer roof (2025) and newer siding, enhance both the home's curb appeal and long-term value, offering added peace of mind for years to come. A two-car garage and ample storage complete this exceptional property.

Located in the sought-after Palatine Lake community, residents enjoy access to outstanding neighborhood amenities, including a community pool, tennis courts, and the tranquil setting that makes this neighborhood so desirable. Conveniently situated near schools, parks, shopping, and major commuting routes, this home offers the perfect combination of comfort, convenience, and community.

Don't miss this incredible opportunity to make 1122 Rainbow Circle your next home!
Unit Size
2,806 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$160
Property Type
House
Property Taxes
$826
HOA Dues
$227
Year Built
1985

Listed By

Christina Pagonis
Keller Williams Hometown Realty

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Last updated: 7 days ago (Bright MLS #NJSA2019718)

Price History

Date / Event Date Event Price
Oct 15, 2026 Price Decreased $449,900
↓ $25K (5.2%)
Price Decreased
Sep 23, 2026 Price Decreased $474,600
↓ $14K (2.9%)
Price Decreased
Sep 3, 2026 Price Decreased $489,000
↓ $10K (2%)
Price Decreased
Jul 30, 2026 Listed by Keller Williams Hometown $499,000
Listed by Keller Williams Hometown
May 16, 2016 Sold
Sold
Show More

Property Highlights

Air Conditioning
Parking Details
Parking Features: Driveway
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Basement: Finished
Exterior Details
Square Footage: 2806
Square Footage Source: $0
Architectural Style: Colonial
Year Built Source: Assessor
Year Built: 1985
Levels: 2
Other Structures: Above Grade, Below Grade
Construction Materials: Other
Lot Size Area: 20909
Lot Size Units: Square Feet
Lot Size Acres: 0.48
Lot Size Square Feet: 20909
Lot Size Dimensions: 0.00 x 0.00
Tax Lot: 00068
Water Source: Well
Financial Details
Tax Assessed Value: $230,100
Tax Annual Amount: $9,912
Utilities Details
Cooling Type: Central Air
Heating Type: 90% Forced Air
Sewer : On Site Septic
Location Details
HOA/Condo/Coop Amenities: Basketball Court, Tennis Court(s), Lake, Pool - Outdoor, Water/Lake Privileges
HOA Fee: $227
HOA Fee Frequency: Quarterly

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,909
  • Total Building Area: 2,806
  • Building Area: 2,806
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 2,806
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000480
  • Standard Land Use Code: 1001
  • County Land Use Code: 2

Neighborhood

  • School District Name: Pittsgrove Township School District
  • Census Tract: 021101

Geography

  • Assessors Map Reference: TAX MAP 1501
  • District: 11
  • Parcel: 11 01512-0000-00068
  • Block: 1512
  • Lot: 68
  • Municipality: PITTSGROVE TWP
  • Latitude: 39.5479
  • Longitude: -75.1625

    Address

  • Full Address: 1122 Rainbow Cir
  • Address - House Number: 1122
  • Address - Street Name: Rainbow
  • Address - Suffix Type: Cir
  • State: NJ
  • City Name: Elmer
  • Carrier Code: R004
  • 4-Digit Zip Code: 9176
  • Zip Code: 08318

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $923,852

    Appraisal Valuation

  • Standard Deviation: 0.4382
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 12
  • Final Value: 255,877
  • High Value: 368,018
  • Low Value: 143,735

    Market Valuation

  • Market Total Value: $230,100
  • Market Land Value: $64,900
  • Market Improvement Value: $165,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $230,100
  • Assessed Land Value: $64,900
  • Assessed Improvements Value: $165,200

    Sales

  • Current Sale Contract Date: May 16, 2016
  • Current Sale Recording Date: Jun 14, 2016
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 101507
  • Previous Sale Recording Date: Nov 07, 1986
  • Previous Sale Contract Date: Nov 07, 1986
  • Previous Sale Amount: $147,100
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Olivet


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 50 Palatine Road, ELMER, NJ, 08318

$1,400 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
50 Palatine Road, ELMER, NJ, 08318 Listing by Christy Myers


Frequently Asked Questions

When was property at 1122 Rainbow Circle built and last sold?
The property at 1122 Rainbow Circle was built in 1985 and last sold on May 16, 2016 for $232,000.
How much is this home worth?
The estimated value of the home located at 1122 Rainbow Circle is $455,731.
What are some comparable homes to 1122 Rainbow Circle?
There are currently no comparable homes to 1122 Rainbow Circle.