NOT LISTED FOR SALE

11 Hillcrest Terrace Salem, NJ 08079

Estimated Value: $127,000 - $354,000

-- Bed
1 Bath
1,130 Sq Ft
$196/Sq Ft Est. Value

Last Sold July 26, 2017

Last sale price $29,900 $26 Per Sq Ft

Est. 639% increase in value since last sale

Current estimated payment $1,597/month

Highlights

  • 0.35 Acre Lot
  • 2 Car Detached Garage
  • Heating System Uses Oil
  • No HOA
  • En-Suite Primary Bedroom

About This Home

As of July 2017

This Fannie Mae Homepath property is a duplex located on the outskirts of the City of Salem. First unit is a single family home featuring kitchen with dining area, spacious living room and enclosed porch that spans the front of the house. Two bedrooms are located on the main floor along with a full bath and the upstairs has two additional bedroom. The second unit is located above the garage and features a eat-in kitchen, living room, 2 bedrooms and full bath. 2 car garage. All of this located on a corner lot. Walking distance to public transportation and shopping.

Last Agent to Sell the Property

Michele Kelly

(856) 457-2830 michele@skellyrealestate.com S. Kelly Real Estate LLC License #9696746 Listed on: 05/23/2017

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 75x203

Parking

  • 2 Car Detached Garage
  • 3 Open Parking Spaces
  • Driveway

Home Design

  • Duplex

Interior Spaces

  • En-Suite Primary Bedroom
  • 1,130 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Oil
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Operating Expense $3,544

Listing and Financial Details

  • Tax Lot 00005
  • Assessor Parcel Number 13-00088 1-00005

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1940
  • Remarks Public: This Fannie Mae Homepath property is a duplex located on the outskirts of the City of Salem. First unit is a single family home featuring kitchen with dining area, spacious living room and enclosed porch that spans the front of the house. Two bedrooms are located on the main floor along with a full bath and the upstairs has two additional bedroom. The second unit is located above the garage and features a eat-in kitchen, living room, 2 bedrooms and full bath. 2 car garage. All of this located on a corner lot. Walking distance to public transportation and shopping.
  • Special Features: None

Interior Features

  • Fireplace: No
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Has Laundry
  • Total Sq Ft: 1130
  • Living Area Sq Ft: 1130
  • Price Per Sq Ft: 30.88
  • Above Grade Finished Sq Ft: 1130
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 11

Exterior Features

  • Other Structures: Above Grade
  • 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: 3
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Driveway, Detached Garage

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Oil
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: SALEM CITY SCHOOLS
  • School District Key: 300200396391

Lot Info

  • Improvement Assessed Value: 68500.00
  • Land Assessed Value: 22000.00
  • Lot Size Acres: 0.35
  • Lot Dimensions: 75X203
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 15225.00
  • Property Attached Yn: Yes
  • Zoning: RESID

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 2217314
  • Tax Annual Amount: 3544.00
  • Assessor Parcel Number: 13-00088 1-00005
  • Tax Lot: 00005
  • Tax Year: 2016
  • Close Date: 07/26/2017

MLS Schools

  • School District Name: SALEM CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2017
Closed on
Jul 19, 2017
Sold by
Fannie Mae
Bought by
Daniels Willie
Seller's Agent
Michele Kelly
S. Kelly Real Estate LLC
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$34,900
Sold Price
$29,900
Premium/Discount to List
-$5,000
-14.33%
Current Estimated Value
$221,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,100
Avg. Annual Appreciation
27.55%

Purchase Details

Closed on
Apr 21, 2017
Sold by
Wells Fargo Bank Na
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 5, 2007
Sold by
Gray Gary and Gray Cathy
Bought by
Hamlen Kyle T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,835
Interest Rate
6.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 24, 1995
Sold by
Stewart Walter F and Stewart William L
Bought by
Gray Gary and Gray Cathy
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
Daniels Willie $29,900 Federation Title
Federal National Mortgage Association -- First Financial Title
Hamlen Kyle T $149,300 --
Gray Gary $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hamlen Kyle T $141,835
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2017 07/26/17 Sold $29,900 -14.3% $26 / Sq Ft
05/23/2017 05/23/17 For Sale $34,900 -- $31 / 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
2025 $5,106 $62,100 $11,000 $51,100
2024 $4,882 $62,100 $11,000 $51,100
2023 $4,882 $62,100 $11,000 $51,100
2022 $4,668 $62,100 $11,000 $51,100
2021 $4,507 $62,100 $11,000 $51,100
2020 $4,417 $62,100 $11,000 $51,100
2019 $4,390 $62,100 $11,000 $51,100
2018 $4,294 $62,100 $11,000 $51,100
2017 $4,241 $62,100 $11,000 $51,100
2016 $3,544 $90,500 $22,000 $68,500
2015 $3,499 $90,500 $22,000 $68,500
2014 $3,481 $90,500 $22,000 $68,500
Source: Public Records

Agents Affiliated with this Home

  • Michele Kelly

    Seller's Agent in 2017

    Michele Kelly

    S. Kelly Real Estate LLC

    (856) 457-2830

    5 in this area

    291 Total Sales

    Michele Kelly
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Map

Source: Bright MLS

MLS Number: 1003663527

Bright MLS

APN: 13-00088-1-00005

New Jersey Salem County Salem 08079

11 Hillcrest Terrace, Salem, NJ

This home is located at 11 Hillcrest Terrace, Salem, NJ 08079 since 23 May 2017 and is currently estimated at $221,000, approximately $195 per square foot. This property was built in 1940. 11 Hillcrest Terrace is a home located in Salem County with nearby schools including John Fenwick Elementary School, Salem Middle School, and Salem High School.

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