211 N Elm St Salem, NJ 08079
Salem NeighborhoodEstimated Value: $157,000 - $183,000
3
Beds
2
Baths
1,366
Sq Ft
$127/Sq Ft
Est. Value
Highlights
- Wood Flooring
- No HOA
- Kitchen Island
- Main Floor Bedroom
- Bungalow
- Central Heating
About This Home
As of May 2024Welcome to this meticulously renovated home, exuding both charm and potential! Nestled in a cul de sac within a well-structured and thoughtfully designed layout, this residence eagerly awaits its new owner. Boasting three bedrooms, two full bathrooms, and a full basement, this property offers ample space for both comfortable living and entertaining. Whether you're in search of a savvy investment opportunity or a cozy family retreat , this home checks all the boxes. With a HUD Fair Market Rent (FMR) of $1780 per month for a three-bedroom property, this investment holds promising financial potential.Now is the opportune moment to seize this property, with recent renovations breathing new life into its timeless features. Take note of the remarkably low property taxes, ensuring a favorable financial outlook for the years ahead.Don't miss out on this extraordinary opportunity. Schedule a viewing today to explore the charm and limitless possibilities awaiting within this inviting home.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,806
Year Built
- Built in 1920
Lot Details
- 4,034 Sq Ft Lot
- Lot Dimensions are 56.00 x 72.00
Parking
- On-Street Parking
Home Design
- Bungalow
- Block Foundation
- Frame Construction
Interior Spaces
- 1,366 Sq Ft Home
- Property has 2 Levels
- Wood Flooring
- Kitchen Island
Bedrooms and Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Utilities
- Window Unit Cooling System
- Central Heating
- Electric Water Heater
Community Details
- No Home Owners Association
- Avenues Subdivision
Listing and Financial Details
- Tax Lot 00002
- Assessor Parcel Number 13-00040-00002
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 25, 2024
Closed on
May 16, 2024
Sold by
Delaware Vly Opportunity Fund
Bought by
Hannah Alice
Seller's Agent
Alexander Torres
Society
Buyer's Agent
Alexander Torres
Society
List Price
$160,000
Sold Price
$170,000
Premium/Discount to List
$10,000
6.25%
Views
351
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
$3,423
Avg. Annual Appreciation
3.70%
Original Mortgage
$166,920
Outstanding Balance
$165,316
Interest Rate
6.82%
Mortgage Type
FHA
Estimated Equity
$11,548
Purchase Details
Listed on
Jul 31, 2023
Closed on
Dec 29, 2023
Sold by
Prepared By Us Llc
Bought by
Delaware Vly Opportunity Fund
Seller's Agent
Vincent Grova
Pino Agency
Buyer's Agent
Drew Conlin
Society
List Price
$99,000
Sold Price
$92,000
Premium/Discount to List
-$7,000
-7.07%
Views
185
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
403.20%
Original Mortgage
$90,150
Interest Rate
1.1%
Mortgage Type
Construction
Purchase Details
Closed on
Oct 27, 2017
Sold by
Mitchell Eric L
Bought by
Prepared By Us Llc
Purchase Details
Closed on
Dec 29, 2005
Sold by
Mitchell Eric
Bought by
Mitchell Eric L
Purchase Details
Closed on
Mar 11, 2004
Sold by
Kiger Dorothy G
Bought by
Kiger Glenn R and Kiger Robert A
Purchase Details
Closed on
Aug 30, 2002
Sold by
Kiger Glenn R and Kiger Robert A
Bought by
Mitchell Eric
Purchase Details
Closed on
Feb 28, 1994
Sold by
Kiger Glenn L and Kiger Dorothy G
Bought by
Kiger Glenn R
Similar Homes in Salem, NJ
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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 |
|---|---|---|---|
| Hannah Alice | $170,000 | Omega Settlement Services | |
| Delaware Vly Opportunity Fund | $92,000 | Equity One Abstract | |
| Prepared By Us Llc | -- | -- | |
| Mitchell Eric L | -- | None Available | |
| Kiger Glenn R | -- | Salem Oak Title Agency Inc | |
| Mitchell Eric | $35,000 | -- | |
| Kiger Glenn R | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hannah Alice | $166,920 | |
| Previous Owner | Delaware Vly Opportunity Fund | $90,150 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/16/2024 05/16/24 | Sold | $170,000 | +6.3% | $124 / Sq Ft |
| 02/25/2024 02/25/24 | For Sale | $160,000 | +73.9% | $117 / Sq Ft |
| 12/29/2023 12/29/23 | Sold | $92,000 | -7.1% | $67 / Sq Ft |
| 12/12/2023 12/12/23 | Pending | -- | -- | -- |
| 10/31/2023 10/31/23 | For Sale | $99,000 | 0.0% | $72 / Sq Ft |
| 08/05/2023 08/05/23 | Pending | -- | -- | -- |
| 07/31/2023 07/31/23 | For Sale | $99,000 | -- | $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 | $2,806 | $35,700 | $7,800 | $27,900 |
| 2023 | $2,806 | $35,700 | $7,800 | $27,900 |
| 2022 | $2,684 | $35,700 | $7,800 | $27,900 |
| 2021 | $2,591 | $35,700 | $7,800 | $27,900 |
| 2020 | $2,539 | $35,700 | $7,800 | $27,900 |
| 2019 | $2,524 | $35,700 | $7,800 | $27,900 |
| 2018 | $2,468 | $35,700 | $7,800 | $27,900 |
| 2017 | $2,438 | $35,700 | $7,800 | $27,900 |
| 2016 | $3,192 | $81,500 | $24,200 | $57,300 |
| 2015 | $3,151 | $81,500 | $24,200 | $57,300 |
| 2014 | $3,134 | $81,500 | $24,200 | $57,300 |
Source: Public Records
Agents Affiliated with this Home
-
Alexander Torres
A
Seller's Agent in 2024
Alexander Torres
Society
(267) 453-7919
6 in this area
10 Total Sales
-
Vincent Grova
Seller's Agent in 2023
Vincent Grova
Pino Agency
(609) 221-4524
7 in this area
208 Total Sales
-
Drew Conlin
D
Buyer's Agent in 2023
Drew Conlin
Society
(856) 473-8534
9 in this area
29 Total Sales
Map
Source: Bright MLS
MLS Number: NJSA2009948
APN: 13-00040-0000-00002
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