162 7th St Salem, NJ 08079
Salem Neighborhood
--
Bed
--
Bath
2,061
Sq Ft
4,373
Sq Ft Lot
About This Home
As of August 2024Welcome to a great investment opportunity in Salem, NJ! This duplex epitomizes the perfect fusion of potential and immediate returns. The lower level features a stable 2-bedroom, 1-bathroom apartment already occupied by reliable tenants, while the upper level unveils a spacious 3-bedroom, 1-bathroom unit awaiting your vision. With over 2000 sq ft of versatile space, this property is primed to cater to a multitude of investment strategies. This is an as-is sale as the property needs some rehabbing.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,979
Year Built
- Built in 1906
Lot Details
- 4,373 Sq Ft Lot
- Lot Dimensions are 25.00 x 175.00
Parking
- On-Street Parking
Home Design
- Duplex
- Vinyl Siding
Interior Spaces
- 2,061 Sq Ft Home
- Crawl Space
Accessible Home Design
- More Than Two Accessible Exits
Utilities
- Heating System Uses Natural Gas
- Electric Baseboard Heater
- Natural Gas Water Heater
Community Details
- 3-Story Building
- 1 Vacant Unit
Listing and Financial Details
- Tax Lot 00035
- Assessor Parcel Number 13-00028-00035
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 2, 2024
Closed on
Aug 15, 2024
Sold by
Fts Capital Llc
Bought by
611 Green Llc
Seller's Agent
Anna Livits
Signature Realty NJ
Buyer's Agent
Drew Conlin
Society
List Price
$149,000
Sold Price
$115,000
Premium/Discount to List
-$34,000
-22.82%
Views
50
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
$30,123
Avg. Annual Appreciation
29.30%
Original Mortgage
$93,800
Outstanding Balance
$31,985
Interest Rate
6.89%
Mortgage Type
Construction
Estimated Equity
$110,723
Purchase Details
Closed on
May 16, 2023
Sold by
Baker Justin A
Bought by
Fts Capital Llc
Purchase Details
Closed on
Jan 26, 2006
Sold by
Friebel Doyne W and Friebel Tara L
Bought by
Marquez Mark
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,600
Interest Rate
9.5%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Jun 30, 2004
Sold by
Smith Marc B and Smith Kristin L
Bought by
Friebel Doyne W and Friebel Tara L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 5, 2001
Sold by
Harris Lozetta J and Humprheys Albert R
Bought by
Smith Marc and Smith Kristin
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,500
Interest Rate
7.08%
Mortgage Type
Credit Line Revolving
Similar Homes in Salem, NJ
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 |
|---|---|---|---|
| Deed | $115,000 | Pittman Title | |
| Deed In Lieu Of Foreclosure | -- | None Listed On Document | |
| Warranty Deed | $104,000 | American National Title Insu | |
| Bargain Sale Deed | $48,000 | -- | |
| Executors Deed | $30,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $93,800 | Construction | |
| Previous Owner | $52,000 | Unknown | |
| Previous Owner | $5,200 | Fannie Mae Freddie Mac | |
| Previous Owner | $93,600 | Fannie Mae Freddie Mac | |
| Previous Owner | $47,000 | Purchase Money Mortgage | |
| Previous Owner | $3,000 | Unknown | |
| Previous Owner | $29,500 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/16/2024 08/16/24 | Sold | $115,000 | -14.8% | $56 / Sq Ft |
| 06/24/2024 06/24/24 | Pending | -- | -- | -- |
| 05/18/2024 05/18/24 | Price Changed | $135,000 | -9.4% | $66 / Sq Ft |
| 05/02/2024 05/02/24 | For Sale | $149,000 | -- | $72 / 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 |
|---|---|---|---|---|
| 2024 | $2,979 | $37,900 | $8,100 | $29,800 |
| 2023 | $2,979 | $37,900 | $8,100 | $29,800 |
| 2022 | $2,849 | $37,900 | $8,100 | $29,800 |
| 2021 | $2,751 | $37,900 | $8,100 | $29,800 |
| 2020 | $2,695 | $37,900 | $8,100 | $29,800 |
| 2019 | $2,679 | $37,900 | $8,100 | $29,800 |
| 2018 | $2,620 | $37,900 | $8,100 | $29,800 |
| 2017 | $2,589 | $37,900 | $8,100 | $29,800 |
| 2016 | $4,214 | $107,600 | $14,300 | $93,300 |
| 2015 | $4,160 | $107,600 | $14,300 | $93,300 |
| 2014 | $4,138 | $107,600 | $14,300 | $93,300 |
Source: Public Records
Agents Affiliated with this Home
-
Anna Livits
A
Seller's Agent in 2024
Anna Livits
Signature Realty NJ
(917) 962-6405
1 in this area
30 Total Sales
-
Drew Conlin
D
Buyer's Agent in 2024
Drew Conlin
Society
(856) 473-8534
9 in this area
29 Total Sales
Map
Source: Bright MLS
MLS Number: NJSA2010878
APN: 13-00028-0000-00035
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