NOT LISTED FOR SALE

314 Craven Ave Salem, NJ 08079

Estimated Value: $158,000 - $231,000

3 Beds
1.5 Baths
1,568 Sq Ft
$123/Sq Ft Est. Value

Last Sold September 02, 2022

Last sale price $92,000 $59 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $1,341/month

Highlights

  • Colonial Architecture
  • Space For Rooms
  • 1 Fireplace
  • Wood Flooring
  • Attic
  • No HOA

About This Home

As of September 2022

Buyers Lender Denied Loan. HOME IS BACK ON THE MARKET. Investors , whether your looking to fix and flip or add a great rental unit to your portfolio this is the house you have been waiting for. Step back in time with this unique style 3 bedroom 1.5 bathroom home. Add the side porch would make a fantastic enclosed great room. Spacious rooms with a fire place in the Living room to keep warm on those cold winter nights. It won't last long so don't wait call today. The driveway goes with 314 not 318. Property is BEING SOLD IN STRICTLY AS IS CONDITION. All inspection are for buyers information only. All repairs and the CO will be at the buyers expense.

Last Agent to Sell the Property

Richard Clarke

(856) 469-9200 richard@exithomepros.com Exit Homestead Realty Professi License #1644855 Listed on: 05/03/2022

Exit Homestead Realty Professi

Last Buyer's Agent

R. Eric Axelson

(856) 979-5967 eaxelson.re@gmail.com Real Broker, LLC License #RM424600

Real Broker, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,324

Year Built

  • Built in 1936

Lot Details

  • 5,702 Sq Ft Lot
  • Lot Dimensions are 50.00 x 114.00

Home Design

  • Colonial Architecture
  • Block Foundation
  • Poured Concrete
  • Frame Construction
  • Architectural Shingle Roof

Interior Spaces

  • 1,568 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • 1 Fireplace
  • Combination Kitchen and Dining Room
  • Attic

Flooring

  • Wood
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Interior Basement Entry
  • Space For Rooms
  • Basement Windows

Parking

  • 3 Parking Spaces
  • 3 Driveway Spaces
  • On-Street Parking

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • Electric Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00012
  • Assessor Parcel Number 13-00036-00012

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,324

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Exclusions: All items considered personal property, windows that have not been installed that do not belong with this property
  • Home Warranty: No
  • Inclusions: Property will include existing finishes that have not yet been installed
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 2022-05-05
  • Federal Flood Zone: No
  • Year Built: 1936
  • Automatically Close On Close Date: No
  • Remarks Public: Buyers Lender Denied Loan. HOME IS BACK ON THE MARKET. Investors , whether your looking to fix and flip or add a great rental unit to your portfolio this is the house you have been waiting for. Step back in time with this unique style 3 bedroom 1.5 bathroom home. Add the side porch would make a fantastic enclosed great room. Spacious rooms with a fire place in the Living room to keep warm on those cold winter nights. It won't last long so don't wait call today. The driveway goes with 314 not 318. Property is BEING SOLD IN STRICTLY AS IS CONDITION. All inspection are for buyers information only. All repairs and the CO will be at the buyers expense.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Hardwood, Luxury Vinyl Tile
  • Interior Amenities: Attic, Ceiling Fan(s), Combination Kitchen/Dining
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Levels Count: 2
  • Room Count: 8
  • Basement: Yes
  • Basement Type: Connecting Stairway, Full, Interior Access, Poured Concrete, Space For Rooms, Unfinished, Windows
  • Total Sq Ft: 1568
  • Living Area Sq Ft: 1568
  • Price Per Sq Ft: 70.15
  • Above Grade Finished Sq Ft: 1568
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 314

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Street Lights
  • Roof: Architectural Shingle
  • Spa: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway, On Street
  • Number of Spaces in Driveway: 3

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Oil, Natural Gas
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: SALEM CITY SCHOOLS
  • School District Key: 300200396391
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Horses: No
  • Improvement Assessed Value: 31500.00
  • Land Assessed Value: 14300.00
  • Lot Size Acres: 0.13
  • Lot Dimensions: 50.00 x 114.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5702.00
  • Year Assessed: 2021
  • Zoning: RESIDENTIAL

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 21906317
  • Tax Annual Amount: 3324.00
  • Assessor Parcel Number: 13-00036-00012
  • Tax Lot: 00012
  • Tax Total Finished Sq Ft: 1568
  • Tax Data Updated: No
  • Tax Year: 2021
  • Close Date: 09/02/2022

MLS Schools

  • School District Name: SALEM CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2024
Sold by
Salem Assets Llc
Bought by
Shadow Lake Homes Llc
Current Estimated Value
$193,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,250
Interest Rate
6.88%
Mortgage Type
Construction

Purchase Details

Listed on
May 3, 2022
Closed on
Sep 2, 2022
Sold by
Salem Partners Llc
Bought by
Salem Assets Llc
Seller's Agent
Richard Clarke
Exit Homestead Realty Professi
Buyer's Agent
R. Eric Axelson
Real Broker, LLC
List Price
$110,000
Sold Price
$92,000
Premium/Discount to List
-$18,000
-16.36%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.02%
Original Mortgage
$100,000
Interest Rate
5.66%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 3, 2022
Closed on
Sep 1, 2022
Sold by
Choice Rassedell
Bought by
Salem Partners Llc
Seller's Agent
Richard Clarke
Exit Homestead Realty Professi
Buyer's Agent
R. Eric Axelson
Real Broker, LLC
List Price
$110,000
Sold Price
$92,000
Premium/Discount to List
-$18,000
-16.36%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2019
Sold by
Sokoury Ignace R and Sokoury Carine O
Bought by
Choise Rassedell and Beecham Marie

Purchase Details

Closed on
Jan 25, 2017
Sold by
Castle 2016 Llc
Bought by
Sokoury Ignace R and Sokoury Carine O

Purchase Details

Listed on
Sep 2, 2015
Closed on
Jun 3, 2016
Sold by
Fannie Mae
Bought by
Castle 2016 Llc
Seller's Agent
Monica Falciani
A J Falciani Realty
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$59,900
Sold Price
$12,050
Premium/Discount to List
-$47,850
-79.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.41%

Purchase Details

Closed on
Apr 17, 2015
Sold by
Miller Charles M and Gray Barbara
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Feb 16, 2007
Sold by
Mindt Susan A and Mindt John
Bought by
Shehan Joe and Shehan Gray

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,900
Interest Rate
6.3%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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

Date Buyer Sale Price Title Company
Shadow Lake Homes Llc $185,000 Universal Title
Shadow Lake Homes Llc $185,000 Universal Title
Salem Assets Llc $115,000 --
Salem Assets Llc $115,000 None Listed On Document
Salem Partners Llc $92,500 Executive Abstract Title
Salem Partners Llc $92,500 Executive Abstract Title
Choise Rassedell $36,000 Misc Company
Sokoury Ignace R $16,000 Heritage Title
Castle 2016 Llc $13,550 Attorney
Federal National Mortgage Association -- Attorney
Shehan Joe $125,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Shadow Lake Homes Llc $157,250
Closed Shadow Lake Homes Llc $52,750
Previous Owner Salem Assets Llc $100,000
Previous Owner Shehan Joe $125,900
Closed Federal National Mortgage Association $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/02/2022 09/02/22 Sold $92,000 -16.4% $59 / Sq Ft
05/03/2022 05/03/22 For Sale $110,000 +812.9% $70 / Sq Ft
05/25/2016 05/25/16 Sold $12,050 -79.9% $8 / Sq Ft View Prior Sale
04/25/2016 04/25/16 Pending -- -- --
09/02/2015 09/02/15 For Sale $59,900 -- $38 / 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 $3,766 $57,700 $14,300 $43,400
2024 $3,600 $45,800 $14,300 $31,500
2023 $3,600 $45,800 $14,300 $31,500
2022 $3,443 $45,800 $14,300 $31,500
2021 $3,324 $45,800 $14,300 $31,500
2020 $3,257 $45,800 $14,300 $31,500
2019 $3,238 $45,800 $14,300 $31,500
2018 $3,167 $45,800 $14,300 $31,500
2017 $3,128 $45,800 $14,300 $31,500
2016 $5,404 $138,000 $34,600 $103,400
2015 $5,335 $138,000 $34,600 $103,400
2014 $5,307 $138,000 $34,600 $103,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJSA2003886

Bright MLS

APN: 13-00036-0000-00012