$430,000
●
House -
Off Market
1125 RAINBOW CIR
ELMER, NJ 08318
4 Beds
3 Baths,
1
Half Bath
2,148 Ft²
$428,194
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model
About This Property
Experience luxury living in the secluded Palatine Lake Village
lakefront community, with this stunning remodeled home that exudes
quality and craftsmanship at every turn. Every inch of this house
has been carefully designed and renovated to the highest standards,
from the brand new bathrooms with high-end fixtures and finishes,
to the all-new kitchen featuring top-of-the-line stainless steel
appliances and custom cabinetry. The attention to detail is evident
in the newly installed trim and garage doors, which provide the
perfect finishing touch to this impeccable remodel. The fantastic
basement offers a versatile space for a home office, gym, or
recreation room, while the large backyard is perfect for outdoor
entertaining and relaxation. You won't find a better quality
remodel than this in the entire Palatine Lake Village community.
Don't miss this opportunity to live in a home that truly
exemplifies quality and luxury living.
Unit Size
2,148 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$198
Property Type
House
Property Taxes
$788
HOA Dues
$55
Year Built
1987
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 years ago (Bright MLS #NJSA2007198)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 26, 2023 | Sold | ||
| Sold | |||
| Apr 22, 2023 | In contract | - | |
| In contract | |||
| Apr 9, 2023 | Listed by Keller Williams Shore Properties | $424,900 | |
| Listed by Keller Williams Shore Properties | |||
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Olivet
Similar Homes for Sale
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Listed by: Yehuda Neustadt
Keller Williams Shore Properties
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# NJSA2007198
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 2026 Bright MLS, Inc.
Keller Williams Shore Properties
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# NJSA2007198
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