NOT LISTED FOR SALE

26 7th St Salem, NJ 08079

Estimated Value: $96,441 - $155,000

Studio
-- Bath
2,438 Sq Ft
$52/Sq Ft Est. Value

Last Sold October 14, 2021

Last sale price $80,000 $33 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $851/month

211 Days on Market

Highlights

  • No HOA
  • Forced Air Heating System
  • Replacement Windows
  • More Than Two Accessible Exits
  • Multi-Tank Electric Water Heater

About This Home

As of October 2021

Great investment opportunity to purchase both side of this tenant-occupied duplex! Each unit offers 2 beds, full bath, dining area, living room, laundry room, separate basements and attic space. 26 has been updated with newer water heater, new flooring and updated electric panel. 28 has been fully renovated including the bathroom, newer heater, newer water heater, updated electric panel, newer windows and flooring. This unit also has a walk-up attic with two additional bonus rooms. Total monthly income is $1564.75. Sold as-is. Schedule your tour today and start earning income right away!

Last Agent to Sell the Property

Nicholas 'Nick' Nowak

(856) 559-7571 Nick@NickNowakRealtor.com EXP REALTY, LLC License #17588544 Listed on: 01/06/2021

EXP REALTY, LLC

Last Buyer's Agent

RONNIE C. DAWSON

(856) 534-2682 ronniedawson07@gmail.com First Advantage Realty II LLC License #1861336

First Advantage Realty II LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,993

Year Built

  • Built in 1925 | Remodeled in 2020

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 80.00 x 153.00

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Block Foundation
  • Frame Construction

Interior Spaces

  • Replacement Windows

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Multi-Tank Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 8 & 9
  • Assessor Parcel Number 13-00019-00008 & 13-00019-00009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,993

Year Built

Built in 1925 | Remodeled in 2020

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Exclusions: Tenants Personal Property
  • New Construction: No
  • Year Built: 1925
  • Year Renovated: 2020
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour

Interior Features

  • Window Features: Replacement
  • Foundation Details: Block
  • Total Sq Ft: 4046
  • Living Area Sq Ft: 2438
  • Price Per Sq Ft: 36.92
  • Above Grade Finished Sq Ft: 2438
  • Above Grade Unfinished Sq Ft: 456
  • Below Grade Sq Ft: 1152
  • Total Below Grade Sq Ft: 1152
  • Above Grade Finished Area Units: Square Feet

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
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric, Multi-Tank
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Lot Size Acres: 0.28
  • Lot Dimensions: 80.00 x 153.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 12240.00
  • Zoning: RES
  • Zoning Description: Residential

Rental Info

  • Existing Lease Type: Month To Month
  • Number Of Units Month To Month: 2
  • Total Actual Rent: 17883.00
  • Units Leased Count: 2
  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Assessor Parcel Number: 21905925
  • Tax Annual Amount: 1993.00
  • Assessor Parcel Number: 13-00019-00008 & 13-00019-00009
  • Tax Lot: 8 & 9
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: SALEM CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2021
Closed on
Oct 14, 2021
Sold by
Hearts In Homes Llc
Bought by
Mathie Annette
Seller's Agent
Nicholas 'Nick' Nowak
EXP REALTY, LLC
Buyer's Agent
RONNIE C. DAWSON
First Advantage Realty II LLC
List Price
$95,000
Sold Price
$80,000
Premium/Discount to List
-$15,000
-15.79%
Current Estimated Value
$126,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,860
Avg. Annual Appreciation
11.35%
Original Mortgage
$60,000
Outstanding Balance
$54,714
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$72,146

Purchase Details

Listed on
Aug 21, 2018
Closed on
Dec 31, 2019
Sold by
Fuse William S
Bought by
Hearts In Homes 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
$69,900
Sold Price
$57,500
Premium/Discount to List
-$12,400
-17.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.26%

Purchase Details

Closed on
Jul 27, 2016
Sold by
Boyer Patricia Ann
Bought by
Stubbs James and Stubbs Lauren

Purchase Details

Closed on
Oct 10, 1996
Sold by
Venuto Estella G and Venuto Samuel
Bought by
Fuse William G and Fuse Claudia D

Purchase Details

Closed on
Jan 2, 1990
Bought by
Fuse William G + Claudia D
Source: Public Records
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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
Mathie Annette $80,000 Foundation Title Llc
Hearts In Homes Llc $57,500 None Available
Stubbs James -- None Available
Fuse William G $22,500 --
Fuse William G + Claudia D $14,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mathie Annette $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/14/2021 10/14/21 Sold $80,000 -11.1% $33 / Sq Ft
08/05/2021 08/05/21 Pending -- -- --
05/17/2021 05/17/21 Price Changed $90,000 -5.3% $37 / Sq Ft
04/30/2021 04/30/21 For Sale $95,000 +18.8% $39 / Sq Ft
04/30/2021 04/30/21 Off Market $80,000 -- --
04/09/2021 04/09/21 Pending -- -- --
03/17/2021 03/17/21 Price Changed $95,000 -13.6% $39 / Sq Ft
01/23/2021 01/23/21 Price Changed $110,000 -12.0% $45 / Sq Ft
01/06/2021 01/06/21 For Sale $125,000 +117.4% $51 / Sq Ft
12/31/2019 12/31/19 Sold $57,500 -4.0% $58 / Sq Ft View Prior Sale
12/13/2019 12/13/19 Pending -- -- --
08/29/2019 08/29/19 Price Changed $59,900 -7.7% $60 / Sq Ft
10/24/2018 10/24/18 Price Changed $64,900 -7.2% $65 / Sq Ft
08/21/2018 08/21/18 For Sale $69,900 -- $70 / 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 $2,319 $28,200 $10,900 $17,300
2024 $2,217 $28,200 $10,900 $17,300
2023 $2,217 $28,200 $10,900 $17,300
2022 $2,120 $28,200 $10,900 $17,300
2021 $2,047 $28,200 $10,900 $17,300
2020 $2,006 $28,200 $10,900 $17,300
2019 $1,993 $28,200 $10,900 $17,300
2018 $1,950 $28,200 $10,900 $17,300
2017 $1,926 $28,200 $10,900 $17,300
2016 $1,566 $40,000 $15,500 $24,500
2015 $2,250 $58,200 $15,500 $42,700
2014 $2,238 $58,200 $15,500 $42,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJSA140562

Bright MLS

APN: 13-00019-0000-00008