Seller's Agent in 2024
Omar Din
EXP Realty, LLC
(267) 918-0890
10 in this area
286 Total Sales
161 W Broadway Salem, NJ 08079
Salem NeighborhoodEstimated Value: $148,733
--
Bed
--
Bath
--
Sq Ft
1,302
Sq Ft Lot
About This Home
As of January 2024******Contracts out..... Multiple offers****
Welcome to an exceptional investment opportunity in the heart of Salem City!
The ground floor is home to a successful and well-established restaurant. Fully equipped and recently updated, it provides an immediate and consistent source of income. Upstairs, discover a thoughtfully designed one-bedroom apartment. Updated and currently rented out, it offers a comfortable and attractive living space. Both units are updated and already leased, ensuring a positive cash flow from day one. This turnkey property is an ideal investment for those seeking immediate return.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,472
Year Built
- Built in 1920
Lot Details
- 1,302 Sq Ft Lot
- Lot Dimensions are 14.00 x 93.00
Parking
- On-Street Parking
Utilities
- Electric Baseboard Heater
- Electric Water Heater
Community Details
- 2 Units
Listing and Financial Details
- Tax Lot 00013
- Assessor Parcel Number 13-00057-00013
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 15, 2023
Closed on
Jan 10, 2024
Sold by
Caputo And Sons Llc
Bought by
Prescott Shannon Leigh and Hudek William
Seller's Agent
Omar Din
EXP Realty, LLC
Buyer's Agent
Kimberly Cassidy
KW Empower
List Price
$130,000
Sold Price
$140,000
Premium/Discount to List
$10,000
7.69%
Views
18
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
$8,733
Avg. Annual Appreciation
3.76%
Purchase Details
Closed on
Jul 30, 2020
Sold by
Mungioli Ronald and Mungioli Toni L
Bought by
Caputo And Sons Llc
Purchase Details
Closed on
Mar 9, 1987
Bought by
Mungioli Ronald L and Mungioli Toni L
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Prescott Shannon Leigh | $140,000 | None Listed On Document | |
| Caputo And Sons Llc | -- | Salem Oak Title Agency Inc | |
| Mungioli Ronald L | $35,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/11/2024 01/11/24 | Sold | $140,000 | +7.7% | -- |
| 12/18/2023 12/18/23 | Pending | -- | -- | -- |
| 12/15/2023 12/15/23 | For Sale | $130,000 | -- | -- |
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 |
|---|---|---|---|---|
| 2024 | $5,723 | $72,800 | $7,800 | $65,000 |
| 2023 | $5,723 | $72,800 | $7,800 | $65,000 |
| 2022 | $5,472 | $72,800 | $7,800 | $65,000 |
| 2021 | $5,284 | $72,800 | $7,800 | $65,000 |
| 2020 | $5,178 | $72,800 | $7,800 | $65,000 |
| 2019 | $5,146 | $72,800 | $7,800 | $65,000 |
| 2018 | $5,033 | $72,800 | $7,800 | $65,000 |
| 2017 | $4,972 | $72,800 | $7,800 | $65,000 |
| 2016 | $4,597 | $117,400 | $89,600 | $27,800 |
| 2015 | $4,539 | $117,400 | $89,600 | $27,800 |
| 2014 | $4,515 | $117,400 | $89,600 | $27,800 |
Source: Public Records
Agents Affiliated with this Home
-
Omar Din
-
Andrea Kappre
Seller Co-Listing Agent in 2024
Andrea Kappre
EXP Realty, LLC
(856) 419-3560
3 in this area
19 Total Sales
-
Kimberly Cassidy
K
Buyer's Agent in 2024
Kimberly Cassidy
KW Empower
(215) 620-6934
1 in this area
142 Total Sales
Map
Source: Bright MLS
MLS Number: NJSA2009580
APN: 13-00057-0000-00013
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