NOT LISTED FOR SALE

251 E Broadway Salem, NJ 08079

Salem Neighborhood

Estimated Value: $98,000

-- Bed
-- Bath
4,000 Sq Ft
$24/Sq Ft Est. Value

Last Sold November 05, 2019

Last sale price $180,000 $45 Per Sq Ft

Est. 46% decrease in value since last sale

Current estimated payment $618/month

337 Days on Market

Highlights

  • Wood Flooring
  • 3 Car Detached Garage
  • En-Suite Primary Bedroom
  • No HOA
  • Parking Storage or Cabinetry
  • Hot Water Heating System

About This Home

As of November 2019

Wow, this is a money producer! Fully Rented Great mix of apartment sizes helps stabilize occupancy rate.Convenient location on Rt. 49, close to downtown shopping, public transportation and more. Rear of property has 3 Car masonry garage (with newer roof and garage doors) included in purchase price. Garage is vacant, but can produce $200+ in additional income. Efficiency Apt has electric bbd heat; The other 5 units have newer hot water boiler heat. Recently replaced roof (40 year dimensional shingles).Washer Dryer Hookups in 251B & 251C; 253B & 253C. 4 units have replacement windows. Total Square Footage of BOTH 251 and 253 E Broadway totals over 5000 SF ! Combined tax: $8,311

Last Agent to Sell the Property

Wayne Henderson

Century 21 Town & Country Realty - Mickleton License #8742571 Listed on: 08/29/2018

Century 21 Town & Country Realty - Mickleton

Last Buyer's Agent

Wayne Henderson

Century 21 Town & Country Realty - Mickleton License #8742571 Listed on: 08/29/2018

Century 21 Town & Country Realty - Mickleton

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,311

Year Built

  • Built in 1880

Lot Details

  • 8,268 Sq Ft Lot
  • North Facing Home
  • Property is in good condition

Parking

  • 3 Car Detached Garage
  • 5 Open Parking Spaces
  • Parking Storage or Cabinetry

Home Design

  • Stone Foundation
  • Pitched Roof
  • Shingle Roof

Interior Spaces

  • En-Suite Primary Bedroom
  • 4,000 Sq Ft Home
  • Replacement Windows
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile or Brick
  • Vinyl

Schools

  • John Fenwick Elementary School
  • Salem Middle School
  • Salem High School

Utilities

  • Radiant Heating System
  • Hot Water Baseboard Heater
  • Hot Water Heating System
  • 100 Amp Service
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for sewer, real estate taxes, water, insurance
  • Tax Lot 00009,000010
  • Assessor Parcel Number 13-00062-00009 AND 13-00062-00010

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • 3-Story Building
  • Broadway Subdivision

Building Details

  • Electric Expense $10
  • Insurance Expense $2,400
  • Maintenance Expense $1,200
  • Operating Expense $14,174

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,311

Year Built

Built in 1880

Lot Details

0

Parking

3

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • Exclusions: Block And Lot For 253 E Broadway Is included in this sale
  • Home Warranty: No
  • Inclusions: All appliances owned by landlord will be conveyed as a part of the sale less the few tenant owned exceptions , which will be noted and provided to prospective buyer.
  • New Construction: No
  • Storage: Basement, Garage
  • Year Built: 1880
  • Remarks Public: Wow, this is a money producer! Fully Rented Great mix of apartment sizes helps stabilize occupancy rate.Convenient location on Rt. 49, close to downtown shopping, public transportation and more. Rear of property has 3 Car masonry garage (with newer roof and garage doors) included in purchase price. Garage is vacant, but can produce $200+ in additional income. Efficiency Apt has electric bbd heat; The other 5 units have newer hot water boiler heat. Recently replaced roof (40 year dimensional shingles).Washer Dryer Hookups in 251B & 251C; 253B & 253C. 4 units have replacement windows. Total Square Footage of BOTH 251 and 253 E Broadway totals over 5000 SF ! Combined tax: $8,311
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring Type: Wood, Fully Carpeted, Vinyl, Tile/Brick
  • Window Features: Replacement
  • Fireplace: No
  • Entry Location: Foyer
  • Foundation Details: Stone
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Hookup
  • Total Sq Ft: 4000
  • Living Area Sq Ft: 4000
  • Price Per Sq Ft: 42.48
  • Above Grade Finished Sq Ft: 4000
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 251-253

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Exterior Features: Sidewalks
  • Roof: Pitched, Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 3.00
  • Garage: Yes
  • Open Parking Spaces Count: 5
  • Garage Features: Oversized
  • Number Of Detached Garage Spaces: 3
  • Total Garage And Parking Spaces: 8
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: No
  • Electric Expense: 10.00
  • Electric Service: 100 Amp Service
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water, Radiant, Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Sewer Expenses: 5100.00
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: SALEM CITY SCHOOLS
  • Elementary School: JOHN FENWICK SCHOOL
  • Middle School: SALEM M.S.
  • High School: SALEM
  • Middle School Source: Listing Agent
  • School District Key: 300200396391
  • Elementary School: JOHN FENWICK SCHOOL
  • High School: SALEM
  • Middle Or Junior School: SALEM M.S.

Lot Info

  • Improvement Assessed Value: 104800.00
  • Land Assessed Value: 15200.00
  • Lot Size Acres: 0.19
  • Lot Dimensions: 39X212 AND 22X212
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8268.00
  • Property Condition: Good
  • Year Assessed: 2018
  • Zoning: RESID

Rental Info

  • Ground Rent Exists: No
  • Owner Pays: Sewer, Taxes - Real Estate, Water, Insurance
  • Vacation Rental: No

Multi Family

  • Gross Income: 51600.00
  • Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 3,Unit 6
  • Single Room Units Count: 1

Tax Info

  • Assessor Parcel Number: 2216639
  • Tax Annual Amount: 8311.00
  • Assessor Parcel Number: 13-00062-00009 AND 13-00062-00010
  • Tax Lot: 00009,000010
  • Tax Data Updated: No
  • Tax Year: 2018
  • Close Date: 11/05/2019

MLS Schools

  • School District Name: SALEM CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2018
Closed on
Nov 5, 2019
Sold by
Fuse William G
Bought by
251 & 253 E Broadway Llc
Seller's Agent
Wayne Henderson
Century 21 Town & Country Realty - Mickleton
Buyer's Agent
Wayne Henderson
Century 21 Town & Country Realty - Mickleton
List Price
$179,900
Sold Price
$180,000
Premium/Discount to List
$100
0.06%
Total Days on Market
337
Current Estimated Value
$98,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$82,000
Original Mortgage
$144,000
Interest Rate
3.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 23, 1998
Sold by
Major Victor and Major Patricia A
Bought by
Fuse William G and Fuse Claudia D
Source: Public Records

Range of Values:

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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
251 & 253 E Broadway Llc $180,000 None Available
Fuse William G $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 251-253 E Broadway Llc $220,000
Previous Owner 251 & 253 E Broadway Llc $144,000
Previous Owner Fuse William G $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2019 11/05/19 Sold $180,000 +5.9% $45 / Sq Ft
08/01/2019 08/01/19 Pending -- -- --
10/24/2018 10/24/18 Price Changed $169,900 -5.6% $42 / Sq Ft
08/29/2018 08/29/18 For Sale $179,900 -- $45 / 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
2024 $5,094 $64,800 $8,200 $56,600
2023 $5,094 $64,800 $8,200 $56,600
2022 $4,871 $64,800 $8,200 $56,600
2021 $4,703 $64,800 $8,200 $56,600
2020 $4,609 $64,800 $8,200 $56,600
2019 $4,581 $64,800 $8,200 $56,600
2018 $4,480 $64,800 $8,200 $56,600
2017 $4,426 $64,800 $8,200 $56,600
2016 $3,133 $80,000 $20,300 $59,700
2015 $3,812 $98,600 $20,300 $78,300
2014 $3,792 $98,600 $20,300 $78,300
Source: Public Records

Agents Affiliated with this Home

  • Wayne Henderson

    Seller's Agent in 2019

    Wayne Henderson

    Century 21 Town & Country Realty - Mickleton

    (856) 981-0149

    11 Total Sales

    Wayne Henderson
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Map

Source: Bright MLS

MLS Number: 1002358124

Bright MLS

APN: 13-00062-0000-00009

New Jersey Salem County Salem 08079 Salem

251 E Broadway, Salem, NJ

This home is located at 251 E Broadway, Salem, NJ 08079 since 29 August 2018 and is currently estimated at $98,000, approximately $24 per square foot. This property was built in 1880. 251 E Broadway is a home located in Salem County with nearby schools including John Fenwick Elementary School, Salem Middle School, and Salem High School.

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