NOT LISTED FOR SALE

211 N Elm St Salem, NJ 08079

Estimated Value: $142,000 - $175,707

3 Beds
2 Baths
1,366 Sq Ft
$117/Sq Ft Est. Value

Last Sold May 16, 2024

Last sale price $170,000 $124 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $1,089/month

36 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Kitchen Island
  • Main Floor Bedroom
  • Bungalow
  • Central Heating

About This Home

As of May 2024

Welcome 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.

Last Agent to Sell the Property

Alexander Torres

(267) 453-7919 al.torres.rei@gmail.com Society License #2437985 Listed on: 02/25/2024

Last Buyer's Agent

Alexander Torres

(267) 453-7919 al.torres.rei@gmail.com Society License #2437985 Listed on: 02/25/2024

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,806

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2024-02-25
  • Year Built: 1920
  • Automatically Close On Close Date: No
  • Remarks Public: Welcome 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.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Entry Level Bedroom, Kitchen - Island, Wood Floors
  • Fireplace: No
  • Foundation Details: Block
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Basement
  • Total Sq Ft: 1366
  • Living Area Sq Ft: 1366
  • Price Per Sq Ft: 117.13
  • Above Grade Finished Sq Ft: 1366
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 211

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • 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 Type: Window Unit(s)
  • Heating Fuel: Electric, Central
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: SALEM COUNTY PUBLIC SCHOOLS
  • School District Key: 300204230017
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.09
  • Lot Dimensions: 56.00 x 72.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4034.00
  • Year Assessed: 2023
  • Zoning: RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2806.00
  • Assessor Parcel Number: 13-00040-00002
  • Tax Lot: 00002
  • Tax Total Finished Sq Ft: 1366
  • Tax Data Updated: No
  • Tax Year: 2023
  • Close Date: 05/16/2024

MLS Schools

  • School District Name: SALEM COUNTY PUBLIC SCHOOLS

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
$159,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,823
Avg. Annual Appreciation
-4.56%
Original Mortgage
$166,920
Outstanding Balance
$164,553
Interest Rate
6.82%
Mortgage Type
FHA
Estimated Equity
-$5,376

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
Source: Public Records

Range of Values:

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Average Value
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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
Hannah Alice $170,000 Omega Settlement Services
Hannah Alice $170,000 Omega Settlement Services
Delaware Vly Opportunity Fund $92,000 Equity One Abstract
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
Closed Hannah Alice $166,920
Previous Owner Delaware Vly Opportunity Fund $90,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

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 $2,935 $42,500 $7,800 $34,700
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

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Map

Source: Bright MLS

MLS Number: NJSA2009948

Bright MLS

APN: 13-00040-0000-00002