Seller's Agent in 2025
Joe Polidoro
Society
(856) 357-1436
5 in this area
23 Total Sales
127 Seventh St Salem, NJ 08079
Salem Neighborhood
--
Bed
--
Bath
2,482
Sq Ft
5,458
Sq Ft Lot
Highlights
- 3 Car Detached Garage
- Parking Storage or Cabinetry
- Forced Air Heating System
About This Home
As of May 2025Income-Generating Duplex in Salem City, NJ! This fully rented duplex features a spacious 3-bedroom, 1-bathroom unit on the top floor and a cozy 2-bedroom, 1-bathroom unit on the bottom floor—an ideal addition to any investment portfolio. With consistent rental income already established, this property offers immediate cash flow, making it perfect for both new and experienced investors. Situated on a fenced lot, it provides privacy and outdoor space for tenants to enjoy. The detached garage adds valuable storage space or the potential for extra rental income.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,053
Year Built
- Built in 1920
Lot Details
- 5,458 Sq Ft Lot
- Lot Dimensions are 65.00 x 84.00
Parking
- 3 Car Detached Garage
- 3 Driveway Spaces
- Parking Storage or Cabinetry
- Front Facing Garage
- On-Street Parking
Home Design
- Duplex
- Frame Construction
- Pitched Roof
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,482 Sq Ft Home
- Unfinished Basement
- Partial Basement
- Electric Oven or Range
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- 150 Amp Service
- Electric Water Heater
Community Details
- 2 Units
Listing and Financial Details
- Tax Lot 00018
- Assessor Parcel Number 13-00018-00018
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 5, 2025
Closed on
Apr 23, 2025
Sold by
Delaware Valley Opportunity Fund Llc
Bought by
Young Gary
Seller's Agent
Joe Polidoro
Society
Buyer's Agent
Stephine Ransome
Ellis Group Property Management LLC
List Price
$200,000
Sold Price
$170,000
Premium/Discount to List
-$30,000
-15%
Views
68
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,040
Avg. Annual Appreciation
-2.17%
Original Mortgage
$127,500
Outstanding Balance
$127,062
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$41,898
Purchase Details
Closed on
Feb 28, 2025
Sold by
Vitullo Investments Llc
Bought by
Delaware Valley Opportunity Fund Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Outstanding Balance
$127,062
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$41,898
Purchase Details
Listed on
Sep 9, 2011
Closed on
Mar 5, 2012
Sold by
Lippincott - Executor Joseph Gill
Bought by
Vitullo Investments Llc
Seller's Agent
Richard Warner
Warner Real Estate & Auction Company
Buyer's Agent
Delight 'Dee' Coucill
Coldwell Banker Excel Realty
List Price
$72,500
Sold Price
$39,500
Premium/Discount to List
-$33,000
-45.52%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.35%
Purchase Details
Closed on
May 8, 1998
Sold by
Lippincott Mary W
Bought by
Lippincott Mary W
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $170,000 | West Jersey Title | |
| Bargain Sale Deed | $170,000 | West Jersey Title | |
| Bargain Sale Deed | $130,000 | None Listed On Document | |
| Bargain Sale Deed | $130,000 | None Listed On Document | |
| Deed | $539,500 | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $127,500 | New Conventional | |
| Closed | $127,500 | New Conventional | |
| Previous Owner | $136,263 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2025 05/30/25 | Sold | $170,000 | -15.0% | $68 / Sq Ft |
| 04/03/2025 04/03/25 | Pending | -- | -- | -- |
| 03/05/2025 03/05/25 | For Sale | $200,000 | +406.3% | $81 / Sq Ft |
| 03/08/2012 03/08/12 | Sold | $39,500 | -20.5% | $16 / Sq Ft |
| 01/06/2012 01/06/12 | Price Changed | $49,700 | -9.6% | $20 / Sq Ft |
| 12/16/2011 12/16/11 | Price Changed | $55,000 | -24.1% | $22 / Sq Ft |
| 09/09/2011 09/09/11 | For Sale | $72,500 | -- | $29 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $4,053 | $49,300 | $8,800 | $40,500 |
| 2024 | $3,875 | $49,300 | $8,800 | $40,500 |
| 2023 | $3,875 | $49,300 | $8,800 | $40,500 |
| 2022 | $3,706 | $49,300 | $8,800 | $40,500 |
| 2021 | $2,506 | $49,300 | $8,800 | $40,500 |
| 2020 | $3,506 | $49,300 | $8,800 | $40,500 |
| 2019 | $3,485 | $49,300 | $8,800 | $40,500 |
| 2018 | $3,409 | $49,300 | $8,800 | $40,500 |
| 2017 | $3,367 | $49,300 | $8,800 | $40,500 |
| 2016 | $5,036 | $128,600 | $14,600 | $114,000 |
| 2015 | $4,972 | $128,600 | $14,600 | $114,000 |
| 2014 | -- | $128,600 | $14,600 | $114,000 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Polidoro
-
Stephine Ransome
Buyer's Agent in 2025
Stephine Ransome
Ellis Group Property Management LLC
(609) 254-8414
9 in this area
44 Total Sales
-
Richard Warner
Seller's Agent in 2012
Richard Warner
Warner Real Estate & Auction Company
(856) 430-0072
7 in this area
167 Total Sales
-
Delight 'Dee' Coucill
Buyer's Agent in 2012
Delight 'Dee' Coucill
Coldwell Banker Excel Realty
(856) 207-8727
37 Total Sales
Map
Source: Bright MLS
MLS Number: NJSA2014018
APN: 13-00018-0000-00018
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