NOT LISTED FOR SALE

318 Craven Ave Salem, NJ 08079

Estimated Value: $159,000 - $212,000

3 Beds
1.5 Baths
1,652 Sq Ft
$115/Sq Ft Est. Value

Last Sold July 29, 2022

Last sale price $77,900 $47 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $1,370/month

Highlights

  • Colonial Architecture
  • No HOA
  • Fireplace
  • Attic
  • 2 Car Detached Garage
  • Porch

About This Home

As of July 2022

Investors get ready to restore this home to its former glory. This 3 bedroom 1.5 bathroom home is located in a quiet neighborhood and is in need some TLC. This property would be great to flip or as a rental investment.
All windows in the house have either been replaced or are already there they just need to be installed. Property is being sold strictly AS IS. All inspections are for buyer's informational purposes only. Buyer is responsible for any certifications needed.

Last Agent to Sell the Property

Erica Gant

(856) 287-9373 ganterical@gmail.com Pino Agency Listed on: 05/20/2022

Last Buyer's Agent

datacorrect BrightMLS

datacorrect@brightmls.com Non Subscribing Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,875

Year Built

  • Built in 1930

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 60.00 x 114.00
  • Partially Fenced Property

Parking

  • 2 Car Detached Garage
  • Alley Access
  • Rear-Facing Garage
  • On-Street Parking

Home Design

  • Colonial Architecture
  • Block Foundation
  • Frame Construction

Interior Spaces

  • 1,652 Sq Ft Home
  • Property has 2 Levels
  • Fireplace
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen
  • Attic

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Laundry

  • Laundry on lower level
  • Washer and Dryer Hookup

Utilities

  • 90% Forced Air Heating System
  • Natural Gas Water Heater
  • Municipal Trash

Additional Features

  • More Than Two Accessible Exits
  • Porch

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00013
  • Assessor Parcel Number 13-00036-00013

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,875

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main
  • Federal Flood Zone: No
  • Year Built: 1930
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Interior Amenities: Attic, Kitchen - Eat-In
  • Fireplace: Yes
  • Wall Ceiling Types: Dry Wall
  • Foundation Details: Block
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Unfinished, Full
  • Laundry Type: Hookup, Main Floor, Lower Floor
  • Total Sq Ft: 1652
  • Living Area Sq Ft: 1652
  • Price Per Sq Ft: 51.45
  • Above Grade Finished Sq Ft: 1652
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 318

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Lower Level Half Bathroom: 1
  • Lower Level Half Bathrooms: 1

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Rear Entry
  • Number Of Detached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Alley, Detached Garage, On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Electric Service: Circuit Breakers
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • 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

Schools

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

Lot Info

  • Fencing: Partially
  • Lot Size Acres: 0.16
  • Lot Dimensions: 60.00 x 114.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6969.60
  • Outdoor Living Structures: Porch(es)
  • Zoning: RESIDENTIAL

Rental Info

  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3875.00
  • Assessor Parcel Number: 13-00036-00013
  • Tax Lot: 00013
  • Tax Total Finished Sq Ft: 1652
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 07/29/2022

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
$189,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,750
Interest Rate
6.88%

Purchase Details

Listed on
May 20, 2022
Closed on
Jul 29, 2022
Sold by
Salem Partners Llc
Bought by
Salem Assests Llc
Seller's Agent
Erica Gant
Pino Agency
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$85,000
Sold Price
$77,900
Premium/Discount to List
-$7,100
-8.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.88%
Original Mortgage
$140,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 20, 2022
Closed on
Jul 1, 2022
Sold by
Oraya Properties Llc
Bought by
Salem Partners Llc
Seller's Agent
Erica Gant
Pino Agency
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$85,000
Sold Price
$77,900
Premium/Discount to List
-$7,100
-8.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 11, 2021
Closed on
Nov 10, 2021
Sold by
Beecham Marie and Choice Rassedell
Bought by
Oraya Properties Llc
Seller's Agent
Richard Clarke
Exit Homestead Realty Professi
Buyer's Agent
Richard Clarke
Exit Homestead Realty Professi
List Price
$40,000
Sold Price
$40,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
152.38%

Purchase Details

Closed on
Jul 14, 2021
Sold by
Marie Beecham
Bought by
Cochran Winston E

Purchase Details

Listed on
May 30, 2019
Closed on
Jul 12, 2019
Sold by
Griffin Dale W
Bought by
Beecham Marie and Choice Rassedell
Seller's Agent
Charlotte DeLuke
Century 21 Town & Country Realty - Woodstown
Buyer's Agent
Charlotte DeLuke
Century 21 Town & Country Realty - Woodstown
List Price
$39,900
Sold Price
$37,000
Premium/Discount to List
-$2,900
-7.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.80%

Purchase Details

Closed on
Jan 26, 2018
Sold by
Fnma
Bought by
Griffin Dale W

Purchase Details

Listed on
Aug 23, 2017
Closed on
Sep 27, 2017
Sold by
Fnma
Bought by
Griffin Dale W
Seller's Agent
Joseph Calio
RE/MAX Preferred - Sewell
Buyer's Agent
Joseph Calio
RE/MAX Preferred - Sewell
List Price
$21,900
Sold Price
$21,000
Premium/Discount to List
-$900
-4.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.46%

Purchase Details

Closed on
Jul 28, 2017
Sold by
Jp Morgan Chase Bank Na
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 30, 2005
Sold by
Bacon Jared Davis and Bacon Mindy Lynn
Bought by
Newkirk Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,000
Interest Rate
5.78%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Feb 16, 2005
Sold by
Bacon Mindy Lynn and Bacon Jared Davis
Bought by
Bacon Jared Davis and Bacon Mindy Lynn

Purchase Details

Closed on
Mar 30, 2004
Sold by
Fretz Carol A
Bought by
Bacon Jared Davis and Mullen Mindy Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 20, 1995
Sold by
Ayars William F and Ayars Dorothy K
Bought by
Fretz Robert J and Fretz Carol A
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Shadow Lake Homes Llc $185,000 Universal Title
Shadow Lake Homes Llc $185,000 Universal Title
Salem Assests Llc $119,900 Executive Abstract Title
Salem Assests Llc $119,900 Executive Abstract Title
Salem Partners Llc $77,900 Executive Abstract Title
Salem Partners Llc $77,900 Executive Abstract Title
Oraya Properties Llc $40,000 Salem Oak Title Agency Inc
Cochran Winston E -- --
Beecham Marie $37,000 --
Griffin Dale W $21,000 --
Griffin Dale W $21,000 --
Federal National Mortgage Association -- None Available
Newkirk Michael J $137,000 Weichert Title Agency
Bacon Jared Davis -- Salem Oak Title Agency Inc
Bacon Jared Davis $92,000 Salem Oak Title Agency Inc
Fretz Robert J $86,350 Salem Oak Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Shadow Lake Homes Llc $54,750
Closed Shadow Lake Homes Llc $157,252
Previous Owner Salem Assests Llc $140,000
Previous Owner Newkirk Michael J $137,000
Previous Owner Bacon Jared Davis $91,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/29/2022 07/29/22 Sold $77,900 -8.4% $47 / Sq Ft
07/07/2022 07/07/22 For Sale $85,000 0.0% $51 / Sq Ft
06/16/2022 06/16/22 Pending -- -- --
06/06/2022 06/06/22 Price Changed $85,000 -10.5% $51 / Sq Ft
05/20/2022 05/20/22 For Sale $95,000 +137.5% $58 / Sq Ft
11/10/2021 11/10/21 Sold $40,000 0.0% $24 / Sq Ft View Prior Sale
10/13/2021 10/13/21 Pending -- -- --
10/11/2021 10/11/21 For Sale $40,000 +8.1% $24 / Sq Ft
07/12/2019 07/12/19 Sold $37,000 -7.3% $22 / Sq Ft View Prior Sale
07/01/2019 07/01/19 Pending -- -- --
05/30/2019 05/30/19 For Sale $39,900 +90.0% $24 / Sq Ft
09/29/2017 09/29/17 Sold $21,000 -4.1% $13 / Sq Ft View Prior Sale
09/14/2017 09/14/17 Pending -- -- --
08/23/2017 08/23/17 For Sale $21,900 -- $13 / 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 $4,391 $63,200 $15,100 $48,100
2024 $4,198 $53,400 $15,100 $38,300
2023 $4,198 $53,400 $15,100 $38,300
2022 $4,014 $53,400 $15,100 $38,300
2021 $3,876 $53,400 $15,100 $38,300
2020 $3,798 $53,400 $15,100 $38,300
2019 $3,775 $53,400 $15,100 $38,300
2018 $4,722 $68,300 $15,100 $53,200
2017 $4,665 $68,300 $15,100 $53,200
2016 $5,341 $136,400 $34,900 $101,500
2015 $5,273 $136,400 $34,900 $101,500
2014 $5,246 $136,400 $34,900 $101,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJSA2004156

Bright MLS

APN: 13-00036-0000-00013