NOT LISTED FOR SALE

287 E Broadway Salem, NJ 08079

Estimated Value: $82,000 - $181,000

Studio
-- Bath
2,870 Sq Ft
$46/Sq Ft Est. Value

Sale Details

Date Sold: November 11, 2021

Last sale price $30,000 $10 Per Sq Ft

Est. 343% increase in value since last sale

Current estimated payment $837 / mo

144 Days on Market

Highlights

  • 0.38 Acre Lot
  • No HOA
  • Radiator
  • 1 Fireplace

About This Home

As of November 2021

Up and down 2 family historic home in the heart of Salem. Bring your tools and restore this home to the luster it once had. A great addition to your rental portfolio or a great 1st home to start investing with. First floor features a 2 bed 1 bath unit. Second floor features a 3 bed 1 bath unit. With some work and some elbow grease this home can be a cash cow. Home is being sold strictly as is buyer is responsible for any certifications and C/O

Last Agent to Sell the Property

Marc Pollak

(302) 738-2300 vicki@kwempower.com Empower Real Estate, LLC License #5011076 Listed on: 06/04/2021

Empower Real Estate, LLC

Last Buyer's Agent

SANDRA GRIFFIN

(856) 810-5300 jerseyreo1@gmail.com BHHS Fox & Roach-Marlton

BHHS Fox & Roach-Marlton

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 16,432 Sq Ft Lot
  • Lot Dimensions are 52.00 x 316.00

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Fixer Upper
  • Frame Construction

Interior Spaces

  • 2,870 Sq Ft Home
  • 1 Fireplace

Schools

  • Salem Middle School
  • Salem High School

Utilities

  • Radiator
  • Heating System Uses Oil

Community Details

  • No Home Owners Association
  • 2 Vacant Units

Listing and Financial Details

  • Tax Lot 00017
  • Assessor Parcel Number 13-00065-00017

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0.38 Acres

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • Home Warranty: No
  • Inclusions: Everything stays
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None

Interior Features

  • Fireplaces Count: 1
  • Fireplace: Yes
  • Total Sq Ft: 2870
  • Living Area Sq Ft: 2870
  • Price Per Sq Ft: 13.94
  • Above Grade Finished Sq Ft: 2870
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Spa: No
  • 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: Radiator
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Schools

  • High School Source: 3rd Party
  • Middle School Source: 3rd Party
  • School District Source: 3rd Party
  • High School: SALEM
  • Middle Or Junior School: SALEM

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 49600.00
  • Land Assessed Value: 9200.00
  • Lot Size Acres: 0.38
  • Lot Dimensions: 52.00 x 316.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16432.00
  • Property Condition: Major Rehab Needed

Rental Info

  • Existing Lease Type: None
  • Vacation Rental: No

Multi Family

  • Number Of Units Vacant: 2

Tax Info

  • Assessor Parcel Number: 21906933
  • Tax Annual Amount: 4157.00
  • Assessor Parcel Number: 13-00065-00017
  • Tax Lot: 00017
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

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
Jun 4, 2021
Closed on
Nov 9, 2021
Sold by
Bought by
Seller's Agent
Marc Pollak
Empower Real Estate, LLC
Buyer's Agent
SANDRA GRIFFIN
BHHS Fox & Roach-Marlton
List Price
$40,000
Sold Price
$30,000
Premium/Discount to List
-$10,000
-25%
Current Estimated Value
$132,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,761
Avg. Annual Appreciation
38.47%

Purchase Details

Listed on
Jul 18, 2020
Closed on
Aug 28, 2020
Sold by
Bought by
Seller's Agent
Carlo Drogo
EXP Realty, LLC
Buyer's Agent
Carlo Drogo
EXP Realty, LLC
List Price
$39,900
Sold Price
$30,000
Premium/Discount to List
-$9,900
-24.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%

Purchase Details

Closed on
Dec 20, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 4, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
$32,000 Trident Land Transfer
$30,000 National Title Agency
$30,000 Chicago Title
$65,000 Salem Oak Title Agency Inc
$44,227 Southern United Title Agency
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
Previous Owner $52,000
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 Prior Sale
11/11/2021 11/11/21 Sold $30,000 -25.0% $10 / Sq Ft
10/26/2021 10/26/21 Pending -- -- --
10/12/2021 10/12/21 Price Changed $40,000 0.0% $14 / Sq Ft
10/12/2021 10/12/21 For Sale $40,000 -12.1% $14 / Sq Ft
10/05/2021 10/05/21 Pending -- -- --
10/05/2021 10/05/21 Price Changed $45,500 +1.1% $16 / Sq Ft
10/05/2021 10/05/21 For Sale $45,000 0.0% $16 / Sq Ft
10/04/2021 10/04/21 Pending -- -- --
10/04/2021 10/04/21 Price Changed $45,000 +12.5% $16 / Sq Ft
09/23/2021 09/23/21 For Sale $40,000 0.0% $14 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
08/10/2021 08/10/21 For Sale $40,000 0.0% $14 / Sq Ft
06/07/2021 06/07/21 Pending -- -- --
06/04/2021 06/04/21 For Sale $40,000 +33.3% $14 / Sq Ft
08/28/2020 08/28/20 Sold $30,000 -24.8% $10 / Sq Ft View Prior Sale
08/10/2020 08/10/20 Pending -- -- --
07/18/2020 07/18/20 For Sale $39,900 -- $14 / 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
2025 $4,835 $58,800 $9,200 $49,600
2024 $4,622 $58,800 $9,200 $49,600
2023 $4,622 $58,800 $9,200 $49,600
2022 $4,420 $58,800 $9,200 $49,600
2021 $4,268 $58,800 $9,200 $49,600
2020 $4,182 $58,800 $9,200 $49,600
2019 $4,157 $58,800 $9,200 $49,600
2018 $4,065 $58,800 $9,200 $49,600
2017 $4,016 $58,800 $9,200 $49,600
2016 $4,382 $111,900 $19,300 $92,600
2015 $4,326 $111,900 $19,300 $92,600
2014 $4,304 $111,900 $19,300 $92,600
Source: Public Records

Agents Affiliated with this Home

  • Marc Pollak

    Seller's Agent in 2021

    Marc Pollak

    Empower Real Estate, LLC

    (302) 464-8880

    3 in this area

    196 Total Sales

    Marc Pollak
    Section Image
  • SANDRA GRIFFIN

    Buyer's Agent in 2021

    SANDRA GRIFFIN

    BHHS Fox & Roach

    (856) 522-9999

    3 in this area

    47 Total Sales

    SANDRA GRIFFIN
    Section Image
  • Carlo Drogo

    Seller's Agent in 2020

    Carlo Drogo

    EXP Realty, LLC

    (856) 333-3760

    12 in this area

    626 Total Sales

    Carlo Drogo
    Section Image
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Map

Source: Bright MLS

MLS Number: NJSA142146

Bright MLS

APN: 13-00065-0000-00017

New Jersey Salem County Salem 08079

287 E Broadway, Salem, NJ

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