NOT LISTED FOR SALE

251 E Broadway Salem, NJ 08079

Estimated Value: $178,087 - $206,000

Studio
-- Bath
4,000 Sq Ft
$47/Sq Ft Est. Value

Sale Details

Date Sold: November 5, 2019

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

Est. 8% increase in value since last sale

Current estimated payment $1,513 / mo

337 Days on Market

Highlights

  • Wood Flooring
  • 3 Car Detached Garage
  • Hot Water Heating System
  • No HOA
  • Parking Storage or Cabinetry
  • North Facing Home

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

(856) 423-1666 amorda@century21tcrealty.com 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

(856) 423-1666 amorda@century21tcrealty.com 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

  • 4,000 Sq Ft Home
  • Replacement Windows
  • Washer and Dryer Hookup

Flooring

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

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Schools

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

Utilities

  • Heating System Uses Natural Gas
  • 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

8,268 Sq Ft Lot

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
  • 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

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

  • Middle School Source: Listing Agent
  • 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
  • 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

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

MLS Schools

  • School District Name: SALEM CITY SCHOOLS

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2018
Closed on
Nov 5, 2019
Sold by
Bought by
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%
Current Estimated Value
$193,722

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,722
Avg. Annual Appreciation
0.49%
Original Mortgage
$144,000
Interest Rate
0.0373%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 23, 1998
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$180,000 None Available
$75,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $144,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $5,591 $64,800 $8,200 $56,600
2025 $5,591 $64,800 $8,200 $56,600
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

    7 Total Sales

    Wayne Henderson
    Section Image
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Map

Source: Bright MLS

MLS Number: 1002358124

Bright MLS

APN: 13-00062-0000-00009

New Jersey Salem County Salem 08079

251 E Broadway, Salem, NJ

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