$160,000
SOLD JUN 22, 2015

159 River Ln Salem, NJ 08079

2 Beds
2 Baths
1,160 Sq Ft
0.27 Acres

Recently Sold

$138 Per Sq Ft

20% Below List Price

15 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Stream or River on Lot
  • Wood Flooring
  • Water Oriented
  • Cathedral Ceiling
  • Whirlpool Bathtub

About This Home

As of October 2019

This home not only has spectacular views of the Delaware River, it also features a nice new bulkhead. This refurbished 2 bedroom, 2 full bath home (both baths updated, one includes a Jaccuzzi tub!)has plenty of storage and additional space for parking on the stamped concrete driveway. Enjoy the views of the river, Pea Patch Island and the C & D Canal. You can watch the ships go by from either the floor to ceiling windows across the back of the home or out on the patio. All this with a nice open floor plan and newer roof, siding, windows, heat and C/A. This property also includes the lot across the lane.

Last Agent to Sell the Property

David Wright

Mahoney Realty Pennsville, LLC License #8735385 Listed on: 04/09/2015

Last Buyer's Agent

Dawn Bishop

BHHS Fox & Roach-Mullica Hill North

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,457

Year Built

  • Built in 1938

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 50x231
  • 50 Feet of Waterfront
  • Northwest Facing Home
  • Level Lot
  • Property is in good condition
  • Property is zoned RES.

Home Design

  • Bungalow
  • Brick Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,160 Sq Ft Home
  • Property has 1 Level
  • Cathedral Ceiling
  • Ceiling Fan
  • Living Room
  • Dining Room
  • Water Views
  • Attic

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 2 Full Bathrooms
  • Whirlpool Bathtub

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Driveway

Eco-Friendly Details

  • Energy-Efficient Windows

Outdoor Features

  • Water Oriented
  • River Nearby
  • Stream or River on Lot
  • Patio
  • Exterior Lighting
  • Shed

Schools

  • Salem High School

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Hot Water Heating System
  • 100 Amp Service
  • Well
  • Electric Water Heater
  • On Site Septic
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Oakwood Beach Subdivision

Listing and Financial Details

  • Tax Lot 00025 07
  • Assessor Parcel Number 04-00023-00025 07

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,457

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • Inclusions: Range, Refrigerator.
  • New Construction: No
  • Story List: Main
  • Year Built: 1938
  • Remarks Public: This home not only has spectacular views of the Delaware River, it also features a nice new bulkhead. This refurbished 2 bedroom, 2 full bath home (both baths updated, one includes a Jaccuzzi tub!)has plenty of storage and additional space for parking on the stamped concrete driveway. Enjoy the views of the river, Pea Patch Island and the C & D Canal. You can watch the ships go by from either the floor to ceiling windows across the back of the home or out on the patio. All this with a nice open floor plan and newer roof, siding, windows, heat and C/A. This property also includes the lot across the lane.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Wood, Vinyl
  • Interior Amenities: Primary Bath(s), Ceiling Fan(s), Whirlpool/Hottub
  • Window Features: Energy Efficient
  • Fireplace: No
  • Wall Ceiling Types: Cathedral Ceilings, 9'+ Ceilings
  • Foundation Details: Brick/Mortar
  • Levels Count: 1
  • Room Count: 7
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Bedroom 1, Attic
  • Basement: No
  • Total Sq Ft: 1160
  • Living Area Sq Ft: 1160
  • Net Sq Ft: 1160.00
  • Price Per Sq Ft: 172.33
  • Above Grade Finished Sq Ft: 1160
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 159

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Other Structures List: Shed
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Exterior Features: Exterior Lighting
  • Roof: Shingle
  • View: Water
  • Water Body Type: River
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: No Pool
  • Water View: Yes
  • Water Frontage In Feet: 50

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Electric Service: 100 Amp Service, Circuit Breakers
  • Heating Fuel: Electric
  • Heating Type: Electric, Heat Pump - Electric Backup, Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Utilities: Cable Tv
  • Water Source: Well

Condo/Co-op/Association

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

Schools

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

Lot Info

  • Improvement Assessed Value: 120100.00
  • Land Assessed Value: 112800.00
  • Lot Features: Level
  • Lot Size Acres: 0.27
  • Lot Dimensions: 50X231
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11550.00
  • Outdoor Living Structures: Patio(s)
  • Property Condition: Good
  • Zoning: RES.

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2194692
  • Tax Annual Amount: 5457.00
  • Assessor Parcel Number: 04-00023-00025 07
  • Tax Lot: 00025 07
  • Tax Year: 2014
  • Close Date: 06/22/2015

MLS Schools

  • School District Name: SALEM CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2019
Closed on
Oct 30, 2019
Sold by
Vanderslice Michael W and Vanderslice Karenrae
Bought by
Tompkins Jeanne
Seller's Agent
Dawn Bishop
BHHS Fox & Roach-Mullica Hill North
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$209,000
Sold Price
$197,500
Premium/Discount to List
-$11,500
-5.5%
Total Days on Market
15
Current Estimated Value
$276,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,752
Avg. Annual Appreciation
7.09%
Original Mortgage
$191,912
Interest Rate
3.65%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 9, 2015
Closed on
Jun 22, 2015
Sold by
Emerson Jonathan and Emerson Margaret E
Bought by
Vanderslice Michael W and Vanderslice Karenrae
Seller's Agent
David Wright
Mahoney Realty Pennsville, LLC
Buyer's Agent
Dawn Bishop
BHHS Fox & Roach-Mullica Hill North
List Price
$199,900
Sold Price
$160,000
Premium/Discount to List
-$39,900
-19.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.95%
Original Mortgage
$165,280
Interest Rate
3.84%
Mortgage Type
VA

Purchase Details

Closed on
Nov 21, 2003
Sold by
Desmond Joseph J
Bought by
Emerson Margaret E and Jonathan Emerson S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
5.98%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $197,500 None Available
Bargain Sale Deed $160,000 Heritage Title
Bargain Sale Deed $165,000 Intercoastal Title Agency In
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $191,912 FHA
Previous Owner $165,280 VA
Previous Owner $124,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2019 10/30/19 Sold $197,500 +0.8% $170 / Sq Ft
09/26/2019 09/26/19 Pending -- -- --
09/04/2019 09/04/19 Price Changed $195,900 -2.0% $169 / Sq Ft
08/07/2019 08/07/19 Price Changed $199,900 -3.0% $172 / Sq Ft
08/05/2019 08/05/19 Price Changed $206,000 -1.4% $178 / Sq Ft
06/27/2019 06/27/19 For Sale $209,000 +30.6% $180 / Sq Ft
06/22/2015 06/22/15 Sold $160,000 -20.0% $138 / Sq Ft
04/24/2015 04/24/15 Pending -- -- --
04/09/2015 04/09/15 For Sale $199,900 -- $172 / 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
2024 $4,731 $160,000 $90,000 $70,000
2023 $4,731 $160,000 $90,000 $70,000
2022 $4,613 $160,000 $90,000 $70,000
2021 $4,570 $160,000 $90,000 $70,000
2020 $4,515 $160,000 $90,000 $70,000
2019 $4,451 $160,000 $90,000 $70,000
2018 $4,347 $160,000 $90,000 $70,000
2017 $4,259 $160,000 $90,000 $70,000
2016 $4,104 $160,000 $90,000 $70,000
2015 $3,875 $160,000 $90,000 $70,000
2014 $5,457 $232,900 $112,800 $120,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002570648

Bright MLS

APN: 04-00023-0000-00025-07