NOT LISTED FOR SALE

115 7th St Salem, NJ 08079

Estimated Value: $89,714 - $154,000

Studio
-- Bath
1,321 Sq Ft
$100/Sq Ft Est. Value

Last Sold April 19, 2013

Last sale price $55,000 $42 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $887/month

363 Days on Market

Highlights

  • Wood Flooring
  • 2 Car Detached Garage
  • Radiator
  • No HOA

About This Home

As of April 2013

Great, well maintained all brick side by side with frontage on Seventh Street which includes two-three bedroom/one bath units and an additional third lot with two car detached garage which has entrance on Hubbel Avenue and backs up to this property. Original hard wood flooring throughout. Both units have two good size additional rooms in attic for lots of storage along with separate basements with washer & dryer hookup. The property is already cable wired for FIOS! It also has front and side door entrances with brick staircase and paths to doorways. Third floor has original slate front! You will have 4 car off street parking as well. Great investment property! One unit rental could cover your mortgage, you can live in one side and rent the other or rent out both! Lots of options for smart investors! Location is convenient to shopping, schools, major roadways and Historic Downtown Salem!

Last Agent to Sell the Property

Ronald Pinchick

(856) 889-2754 ronpinchicksellshomes@gmail.com Tesla Realty Group LLC Listed on: 03/03/2012

Tesla Realty Group LLC

Last Buyer's Agent

Peter Paul McEvoy

(609) 617-1013 paul.mcevoy@foxroach.com BHHS Fox & Roach-Mullica Hill South

BHHS Fox & Roach-Mullica Hill South

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,718

Year Built

  • Built in 1884

Lot Details

  • 2,500 Sq Ft Lot
  • Lot Dimensions are 20x125

Parking

  • 2 Car Detached Garage
  • 4 Open Parking Spaces

Home Design

  • Duplex
  • Brick Exterior Construction
  • Brick Foundation
  • Metal Roof

Interior Spaces

  • 1,321 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Vinyl

Utilities

  • Radiator
  • Heating System Uses Oil
  • 100 Amp Service
  • Oil Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 00006
  • Assessor Parcel Number 13-00018-00005

Community Details

Overview

  • No Home Owners Association
  • Avenues Subdivision

Building Details

  • Operating Expense $2,718

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,718

Year Built

Built in 1884

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Ownership: Fee Simple
  • Exclusions: Exclusions: Tenant's Personal Belongings.
  • New Construction: No
  • Year Built: 1884
  • Special Features: None

Interior Features

  • Flooring Type: Wood, Vinyl
  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Hookup
  • Total Sq Ft: 1321
  • Living Area Sq Ft: 1321
  • Price Per Sq Ft: 56.78
  • Above Grade Finished Sq Ft: 1321
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Exterior Features: Sidewalks
  • Roof: Metal
  • 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: 4
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 6
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Electric Service: 100 Amp Service
  • Heating Fuel: Oil
  • Heating Type: Oil, Radiator
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Size Acres: 0.06
  • Lot Dimensions: 20X125
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2500.00
  • Property Attached Yn: Yes
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Tax Annual Amount: 2718.00
  • Assessor Parcel Number: 13-00018-00005
  • Tax Lot: 00006
  • Tax Year: 2011

MLS Schools

  • School District Name: SALEM CITY SCHOOLS

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2013 04/19/13 Sold $55,000 -40.5% $42 / Sq Ft
03/01/2013 03/01/13 Pending -- -- --
03/03/2012 03/03/12 For Sale $92,500 -- $70 / 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 $2,401 $29,200 $6,900 $22,300
2024 $2,295 $29,200 $6,900 $22,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1001797641

Bright MLS

APN: 13-00018-0000-00006