$130,000
SOLD APR 18, 2025

326 E Broadway Salem, NJ 08079

-- Bed
-- Bath
2,544 Sq Ft
0.27 Acres

Recently Sold

$51 Per Sq Ft

19% Below List Price

37 Days on Market

Highlights

  • Traditional Architecture
  • More Than Two Accessible Exits
  • Hot Water Baseboard Heater

About This Home

As of April 2025

Please note, the property is being sold as-is where is.
This spacious 4-bedroom, 2-bathroom multi family home offers great potential.

Set up as a duplex non conforming use. Buyer is responsible for obtaining the variance or converting back to a single family residence. Buyer is responsible for obtaining the certificate of occupancy from the township.

This is an excellent opportunity for the right buyer to make this home their own or a cash flowing investment. Don't miss out on this unique property!

Last Agent to Sell the Property

Alexander Torres

(267) 453-7919 al.torres.rei@gmail.com Society License #2437985 Listed on: 02/12/2025

Last Buyer's Agent

Vincent Grova

(609) 221-4524 vincentgrova@gmail.com Pino Agency License #1752643

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,464

Year Built

  • Built in 1875

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 70.00 x 166.00
  • Property is in good condition

Home Design

  • 2,544 Sq Ft Home
  • Duplex
  • Traditional Architecture
  • Stone Foundation
  • Frame Construction

Parking

  • On-Street Parking
  • Parking Lot

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 00012
  • Assessor Parcel Number 13-00038-00012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,464

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1875
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Stone
  • Total Sq Ft: 2544
  • Living Area Sq Ft: 2544
  • Price Per Sq Ft: 58.96
  • Above Grade Finished Sq Ft: 2544
  • 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, Parking Lot

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Oil
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.27
  • Lot Dimensions: 70.00 x 166.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11622.00
  • Property Condition: Good
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4464.00
  • Assessor Parcel Number: 13-00038-00012
  • Tax Lot: 00012
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024

MLS Schools

  • School District Name: SALEM CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2025
Closed on
May 9, 2025
Sold by
Delaware Opportunity Fund 231 Llc
Bought by
Halter Peter E
Seller's Agent
Alexander Torres
Society
Buyer's Agent
Vincent Grova
Pino Agency
List Price
$160,000
Sold Price
$130,000
Premium/Discount to List
-$30,000
-18.75%
Views
32
Current Estimated Value
$151,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,197
Avg. Annual Appreciation
23.34%
Original Mortgage
$100,000
Outstanding Balance
$99,466
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$51,731

Purchase Details

Closed on
May 30, 2024
Sold by
New Jersey Fireplaces Llc
Bought by
Delaware Opportunity Fund 231 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
7.22%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 21, 2023
Sold by
Portfolio Asset Group Llc
Bought by
New Jersey Fireplaces Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,250
Interest Rate
9%
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

Date Type Sale Price Title Company
Deed $130,000 Salem Oak Title
Deed $130,000 Salem Oak Title
Deed $135,000 Equity One Abstract
Bargain Sale Deed $92,000 Surety Title
Bargain Sale Deed $92,000 Surety Title
Bargain Sale Deed $65,000 Surety Title
Bargain Sale Deed $65,000 Surety Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 New Conventional
Closed $100,000 New Conventional
Previous Owner $123,750 Construction
Previous Owner $2,250 No Value Available
Previous Owner $79,750 Construction
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/18/2025 04/18/25 Sold $130,000 -13.3% $51 / Sq Ft
03/21/2025 03/21/25 Pending -- -- --
03/04/2025 03/04/25 Price Changed $150,000 -6.3% $59 / Sq Ft
02/12/2025 02/12/25 For Sale $160,000 +315.6% $63 / Sq Ft
04/13/2012 04/13/12 Sold $38,500 -22.8% $16 / Sq Ft View Prior Sale
03/02/2012 03/02/12 Pending -- -- --
09/26/2011 09/26/11 For Sale $49,900 -- $21 / 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 $4,465 $54,300 $9,000 $45,300
2024 $4,269 $54,300 $9,000 $45,300
2023 $4,269 $54,300 $9,000 $45,300
2022 $4,082 $54,300 $9,000 $45,300
2021 $3,629 $50,000 $9,000 $41,000
2020 $3,556 $50,000 $9,000 $41,000
2019 $3,535 $50,000 $9,000 $41,000
2018 $3,457 $50,000 $9,000 $41,000
2017 $3,415 $50,000 $9,000 $41,000
2016 $3,274 $83,600 $16,100 $67,500
2015 $3,232 $83,600 $16,100 $67,500
2014 $3,215 $83,600 $16,100 $67,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJSA2013632

Bright MLS

APN: 13-00038-0000-00012