NOT LISTED FOR SALE

164 7th St Salem, NJ 08079

Estimated Value: $122,086 - $164,000

-- Bed
1 Bath
2,004 Sq Ft
$73/Sq Ft Est. Value

Last Sold April 11, 2023

Last sale price $70,000 $35 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $1,020/month

16 Days on Market

About This Home

As of April 2023

Investors if your looking for a property already tenant occupied , this is what you have been waiting for. It is half of a duplex with 164B is a 3BR and BR rents for $800 monthly, 164A is a 1BR 1BR and rents for $750 monthly. Tenants pay for utilities except water and sewer. Property is a single deed. Property is being sold strictly as is. All inspections are for informational purposes only. All municipal permits and inspections including the CO shall be the responsibility of the buyer.

Last Agent to Sell the Property

Cheryl Dunn

(856) 275-1128 cdunn277@gmail.com Exit Homestead Realty Professi License #1975010 Listed on: 03/03/2023

Exit Homestead Realty Professi

Last Buyer's Agent

Tammy Lutek

(609) 247-9474 tammy@trlutek.com Barragan Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,826

Year Built

  • Built in 1906

Parking

  • On-Street Parking

Home Design

  • 2,004 Sq Ft Home
  • Duplex
  • Side-by-Side
  • Brick Foundation

Schools

  • Salem Middle School
  • Salem High School

Utilities

  • Window Unit Cooling System
  • 90% Forced Air Heating System
  • Electric Water Heater

Additional Features

  • More Than Two Accessible Exits
  • Lot Dimensions are 25.00 x 175.00
  • Unfinished Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 00034
  • Assessor Parcel Number 13-00028-00034

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,826

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Side-By-Side
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Exclusions: All items considered tenants personal property
  • Historic: No
  • Home Warranty: No
  • Inclusions: All items not considered tenants personal property
  • New Construction: No
  • Expected On Market: 2023-03-03
  • Year Built: 1906
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Basement: Yes
  • Basement Type: Unfinished
  • Total Sq Ft: 2004
  • Living Area Sq Ft: 2004
  • Price Per Sq Ft: 34.93
  • Above Grade Finished Sq Ft: 2004
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Combination
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Recreation Fee: No

Schools

  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • High School: SALEM
  • Middle Or Junior School: SALEM

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 30400.00
  • Land Assessed Value: 7200.00
  • Lot Dimensions: 25.00 x 175.00
  • Lot Size Units: Square Feet
  • Zoning: RESIDENTIAL

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 21906133
  • Tax Annual Amount: 2826.39
  • Assessor Parcel Number: 13-00028-00034
  • Tax Lot: 00034
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: SALEM CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2023
Closed on
Apr 11, 2023
Sold by
Bhairo Pandeshan
Bought by
Evans Cheryl
Seller's Agent
Cheryl Dunn
Exit Homestead Realty Professi
Buyer's Agent
Tammy Lutek
Barragan Realty LLC
List Price
$70,000
Sold Price
$70,000
Views
93
Current Estimated Value
$145,362

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,362
Avg. Annual Appreciation
30.69%

Purchase Details

Listed on
Dec 18, 2021
Closed on
Mar 10, 2022
Sold by
Suhail Khan Llc
Bought by
Bhairo Pandeshan and Bhairo Kemwantie
Seller's Agent
Richard Clarke
Exit Homestead Realty Professi
Buyer's Agent
Cheryl Dunn
Exit Homestead Realty Professi
List Price
$70,000
Sold Price
$50,000
Premium/Discount to List
-$20,000
-28.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.16%

Purchase Details

Closed on
Jun 21, 2018
Sold by
Edmi Salem Llc
Bought by
Suhail Khan Llc

Purchase Details

Listed on
Sep 30, 2016
Closed on
Jun 13, 2017
Sold by
Hcb Property Holdings Llc
Bought by
Edmi Salem Llc
Seller's Agent
Brian Savarese
American Dream Realty of South Jersey
Buyer's Agent
Rob Moussally
American Dream Realty of South Jersey
List Price
$11,000
Sold Price
$15,055
Premium/Discount to List
$4,055
36.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.21%

Purchase Details

Closed on
Apr 28, 2015
Sold by
Fenwick Harvest Partners
Bought by
Hcb Property Holdings Llc

Purchase Details

Closed on
Aug 27, 2009
Sold by
Bradley John A and Bradley Gail
Bought by
Fenwick Harvest Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
5.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 2004
Sold by
Christman Glenn D and Christman Shellie L
Bought by
Bradley John A and Bradley Gail

Purchase Details

Closed on
Jun 5, 2001
Sold by
Harris Lozetta J and Humphreys Albert R
Bought by
Christman Glenn and Christman Shellie

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
8.25%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Evans Cheryl $70,000 Foundation Title
Evans Cheryl $70,000 Foundation Title
Bhairo Pandeshan $50,000 Salem Oak Title
Suhail Khan Llc $25,000 --
Edmi Salem Llc $15,055 Salem Oak Title
Hcb Property Holdings Llc -- None Available
Fenwick Harvest Partners Llc $67,500 --
Bradley John A $44,000 --
Christman Glenn $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fenwick Harvest Partners Llc $54,000
Previous Owner Christman Glenn $29,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/11/2023 04/11/23 Sold $70,000 0.0% $35 / Sq Ft
03/20/2023 03/20/23 Pending -- -- --
03/03/2023 03/03/23 For Sale $70,000 +40.0% $35 / Sq Ft
03/09/2022 03/09/22 Sold $50,000 -28.6% $25 / Sq Ft View Prior Sale
12/18/2021 12/18/21 For Sale $70,000 +365.0% $35 / Sq Ft
06/01/2017 06/01/17 Sold $15,055 +36.9% $8 / Sq Ft View Prior Sale
04/25/2017 04/25/17 Pending -- -- --
04/07/2017 04/07/17 For Sale $11,000 -26.9% $6 / Sq Ft
04/07/2017 04/07/17 Off Market $15,055 -- --
09/30/2016 09/30/16 For Sale $32,000 0.0% $17 / Sq Ft
10/01/2014 10/01/14 Rented $750 0.0% --
09/18/2014 09/18/14 Under Contract -- -- --
06/17/2014 06/17/14 For Rent $750 +11.1% --
03/01/2013 03/01/13 Rented $675 -10.0% --
03/01/2013 03/01/13 Under Contract -- -- --
12/06/2012 12/06/12 For Rent $750 -- --
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 $3,091 $37,600 $7,200 $30,400
2024 $2,956 $37,600 $7,200 $30,400
2023 $2,956 $37,600 $7,200 $30,400
2022 $2,826 $37,600 $7,200 $30,400
2021 $2,729 $37,600 $7,200 $30,400
2020 $2,674 $37,600 $7,200 $30,400
2019 $2,658 $37,600 $7,200 $30,400
2018 $2,600 $37,600 $7,200 $30,400
2017 $2,568 $37,600 $7,200 $30,400
2016 $2,753 $70,300 $14,300 $56,000
2015 $2,718 $70,300 $14,300 $56,000
2014 $2,704 $70,300 $14,300 $56,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJSA2006784

Bright MLS

APN: 13-00028-0000-00034