311 E Broadway Salem, NJ 08079
Salem Neighborhood
2
Beds
1
Bath
1,168
Sq Ft
2,178
Sq Ft Lot
Highlights
- Traditional Architecture
- No HOA
- Forced Air Heating System
About This Home
As of June 2024Investor Special! This centrally located home at 311 E Broadway in Salem, NJ presents an incredible opportunity for investors. Currently tenant-occupied with a lease in place until 8/31/2024 and a reliable tenant paying $1165 in rent, this property offers immediate income potential. Photos taken prior to tenant occupancy. It is currently occupied.
The updated interior features new Luxury Vinyl Plank flooring, fresh paint, and ample natural light, creating an attractive space for tenants. With a well-maintained lease in place and a tenant in good standing, this property provides a hassle-free investment opportunity.
Conveniently located near town amenities and public transportation, this property is an ideal addition to any investor's portfolio. Don't miss out on the chance to acquire a turnkey investment with a reliable rental income. Schedule a showing today and seize the opportunity to add this income-generating property to your portfolio.
Last Agent to Sell the Property
Compass New Jersey, LLC - Moorestown License #RS370988 Listed on: 11/13/2023
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,682
Year Built
- Built in 1900
Lot Details
- 2,178 Sq Ft Lot
- Lot Dimensions are 17.00 x 128.00
Parking
- On-Street Parking
Home Design
- Semi-Detached or Twin Home
- Traditional Architecture
- Stone Foundation
- Aluminum Siding
Interior Spaces
- 1,168 Sq Ft Home
- Property has 2 Levels
- Unfinished Basement
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Utilities
- Forced Air Heating System
- Heating System Uses Oil
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 00026
- Assessor Parcel Number 13-00065-00026
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 13, 2023
Closed on
Jun 28, 2024
Sold by
Redstone Capital Group Llc
Bought by
Galante Kathleen
Seller's Agent
Jennifer Rothenberger
Compass New Jersey, LLC - Moorestown
Buyer's Agent
Christina Baker
Pino Agency
List Price
$120,000
Sold Price
$83,000
Premium/Discount to List
-$37,000
-30.83%
Views
114
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,469
Avg. Annual Appreciation
1.73%
Original Mortgage
$63,691
Outstanding Balance
$63,212
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$21,194
Purchase Details
Listed on
Oct 7, 2021
Closed on
Nov 30, 2021
Sold by
Brissett Aldon and Brissett Valerie
Bought by
Redstone Capital Group Llc
Seller's Agent
Michael Scull
S. Kelly Real Estate LLC
Buyer's Agent
Non Member Member
Metropolitan Regional Information Systems, Inc.
List Price
$35,000
Sold Price
$20,000
Premium/Discount to List
-$15,000
-42.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
73.60%
Purchase Details
Listed on
Aug 29, 2013
Closed on
Nov 6, 2013
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Brissett Aldon
Seller's Agent
Mary and David Dean
Barragan Realty LLC
Buyer's Agent
Mary and David Dean
Barragan Realty LLC
List Price
$14,900
Sold Price
$9,900
Premium/Discount to List
-$5,000
-33.56%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.13%
Purchase Details
Closed on
Jul 12, 2013
Sold by
Young Isaac A
Bought by
Federal Home Loan Mortgage Corporation
Purchase Details
Closed on
Jul 28, 2004
Sold by
Buechler James R and White Deborah A
Bought by
Young Isaac A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,400
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 22, 1996
Sold by
Beneficial New Jersey Inc
Bought by
Buechler James R and White Deborah A
Purchase Details
Closed on
Sep 28, 1995
Sold by
Welch Isaac M and Welch Anna May
Bought by
Beneficial New Jersey Inc and Beneficial Mtg Co
Similar Homes in Salem, NJ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $79,614 | Old Republic Title | |
| Deed | $20,000 | Dominion Ttl Svcs Bridgeton | |
| Deed | $9,900 | Guardian Title Services Llc | |
| Sheriffs Deed | -- | -- | |
| Bargain Sale Deed | $23,000 | Salem Oak Title Agency Inc | |
| Deed | $13,500 | West Jersey Title Agency | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $63,691 | New Conventional | |
| Previous Owner | $61,500 | New Conventional | |
| Previous Owner | $57,000 | Unknown | |
| Previous Owner | $30,400 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/28/2024 06/28/24 | Sold | $83,000 | -6.7% | $71 / Sq Ft |
| 05/17/2024 05/17/24 | Pending | -- | -- | -- |
| 05/09/2024 05/09/24 | Price Changed | $89,000 | -10.1% | $76 / Sq Ft |
| 01/31/2024 01/31/24 | Price Changed | $99,000 | -13.9% | $85 / Sq Ft |
| 11/29/2023 11/29/23 | Price Changed | $115,000 | -4.2% | $98 / Sq Ft |
| 11/13/2023 11/13/23 | For Sale | $120,000 | +500.0% | $103 / Sq Ft |
| 11/30/2021 11/30/21 | Sold | $20,000 | -42.9% | $17 / Sq Ft |
| 11/13/2021 11/13/21 | Price Changed | $35,000 | 0.0% | $30 / Sq Ft |
| 10/21/2021 10/21/21 | Pending | -- | -- | -- |
| 10/07/2021 10/07/21 | For Sale | $35,000 | +253.5% | $30 / Sq Ft |
| 11/13/2013 11/13/13 | Sold | $9,900 | 0.0% | $8 / Sq Ft |
| 10/29/2013 10/29/13 | Pending | -- | -- | -- |
| 10/03/2013 10/03/13 | Price Changed | $9,900 | -33.6% | $8 / Sq Ft |
| 08/29/2013 08/29/13 | For Sale | $14,900 | -- | $13 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,682 | $21,400 | $5,600 | $15,800 |
| 2023 | $1,682 | $21,400 | $5,600 | $15,800 |
| 2022 | $1,609 | $21,400 | $5,600 | $15,800 |
| 2021 | $1,553 | $21,400 | $5,600 | $15,800 |
| 2020 | $1,522 | $21,400 | $5,600 | $15,800 |
| 2019 | $1,513 | $21,400 | $5,600 | $15,800 |
| 2018 | $1,480 | $21,400 | $5,600 | $15,800 |
| 2017 | $1,462 | $21,400 | $5,600 | $15,800 |
| 2016 | $1,441 | $36,800 | $15,700 | $21,100 |
| 2015 | $1,423 | $36,800 | $15,700 | $21,100 |
| 2014 | $1,415 | $36,800 | $15,700 | $21,100 |
Source: Public Records
Agents Affiliated with this Home
-
Jennifer Rothenberger
Seller's Agent in 2024
Jennifer Rothenberger
Compass New Jersey, LLC - Moorestown
(856) 322-2964
2 in this area
91 Total Sales
-
Christina Baker
Buyer's Agent in 2024
Christina Baker
Pino Agency
(856) 203-0660
1 in this area
3 Total Sales
-
Michael Scull
M
Seller's Agent in 2021
Michael Scull
S. Kelly Real Estate LLC
(609) 364-4566
1 in this area
50 Total Sales
-
N
Buyer's Agent in 2021
Non Member Member
Metropolitan Regional Information Systems
-
Mary and David Dean
Seller's Agent in 2013
Mary and David Dean
Barragan Realty LLC
(609) 774-4932
1 in this area
183 Total Sales
Map
Source: Bright MLS
MLS Number: NJSA2009398
APN: 13-00065-0000-00026
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