NOT LISTED FOR SALE

340 Morrison Ave Salem, NJ 08079

Estimated Value: $217,483 - $233,000

3 Beds
1.5 Baths
1,648 Sq Ft
$137/Sq Ft Est. Value

Last Sold February 14, 2025

Last sale price $215,000 $130 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,565/month

98 Days on Market

Highlights

  • Cape Cod Architecture
  • 1 Car Attached Garage
  • Central Air
  • No HOA
  • More Than Two Accessible Exits
  • Hot Water Baseboard Heater

About This Home

As of February 2025

Welcome to 340 Morrison! Set in a delightful neighborhood, this well-preserved Dutch-style home stands gracefully on a spacious corner lot. Featuring original hardwood floors throughout, this 3-bedroom, 1.5-bath residence harmoniously combines historic charm with modern upgrades. The newly renovated kitchen is ideal for culinary enthusiasts, while the third floor provides extra space for living or storage. With its enduring appeal and generous layout, this home is a true treasure. Don’t wait—this opportunity won’t last long. This property is in a flood zone.

Last Agent to Sell the Property

Tim Kaganzev

(856) 503-8668 tkrealty1978@gmail.com EXP Realty, LLC License #2185666 Listed on: 09/20/2024

EXP Realty, LLC

Last Buyer's Agent

Ryan Stewart

(609) 760-4097 ryanstewartteam@gmail.com HomeSmart First Advantage Realty

HomeSmart First Advantage Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,386

Year Built

  • Built in 1942 | Remodeled in 2024

Lot Details

  • 8,002 Sq Ft Lot
  • Lot Dimensions are 160.00 x 50.00

Parking

  • 1 Car Attached Garage
  • 2 Driveway Spaces
  • Front Facing Garage

Home Design

  • Cape Cod Architecture
  • Block Foundation
  • Frame Construction

Interior Spaces

  • 1,648 Sq Ft Home
  • Property has 2.5 Levels
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms

Accessible Home Design

  • More Than Two Accessible Exits

Utilities

  • Central Air
  • Cooling System Utilizes Natural Gas
  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00009
  • Assessor Parcel Number 13-00039-00009

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,386

Year Built

Built in 1942 | Remodeled in 2024

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1942
  • Year Renovated: 2024
  • Automatically Close On Close Date: No
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Foundation Details: Block
  • Levels Count: 2.5
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1648
  • Living Area Sq Ft: 1648
  • Price Per Sq Ft: 130.46
  • Above Grade Finished Sq Ft: 1648
  • Above Grade Finished Area Units: Square Feet

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
  • Main Level Half Bathrooms: 1

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 Spaces: 1.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway, Attached Garage
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Lot Size Acres: 0.18
  • Lot Dimensions: 160.00 x 50.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8002.00
  • Zoning: R

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4386.00
  • Assessor Parcel Number: 13-00039-00009
  • Tax Lot: 00009
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: SALEM CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2024
Closed on
Mar 25, 2025
Sold by
Kg Revovations Llc
Bought by
Mesilien Marie M
Seller's Agent
Tim Kaganzev
EXP Realty, LLC
Buyer's Agent
Ryan Stewart
HomeSmart First Advantage Realty
List Price
$215,000
Sold Price
$215,000
Views
252
Current Estimated Value
$225,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,121
Avg. Annual Appreciation
5.84%
Original Mortgage
$204,250
Outstanding Balance
$203,032
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$22,089

Purchase Details

Listed on
Sep 20, 2024
Closed on
Mar 20, 2025
Sold by
Fahrner Sean and Fahrner Lorraine R
Bought by
Kg Renovations Llc
Seller's Agent
Tim Kaganzev
EXP Realty, LLC
Buyer's Agent
Ryan Stewart
HomeSmart First Advantage Realty
List Price
$215,000
Sold Price
$215,000
Views
252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,250
Outstanding Balance
$203,032
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$22,089

Purchase Details

Listed on
May 15, 2023
Closed on
Mar 11, 2024
Sold by
Fahrner Lorraine R
Bought by
Kg Renovations Llc
Seller's Agent
Holly Wulderk-Ariza
Keller Williams Prime Realty
Buyer's Agent
Carlo Drogo
EXP Realty, LLC
List Price
$175,000
Sold Price
$135,000
Premium/Discount to List
-$40,000
-22.86%
Views
1134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
64.94%
Original Mortgage
$135,000
Interest Rate
6.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 1980
Bought by
Fahrner Lorraine R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mesilien Marie M $215,000 Federation Title
Mesilien Marie M $215,000 Federation Title
Kg Renovations Llc -- Federation Title
Kg Renovations Llc -- Federation Title
Kg Renovations Llc $135,000 Beacon Title
Kg Renovations Llc $135,000 Beacon Title
Fahrner Lorraine R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mesilien Marie M $204,250
Closed Mesilien Marie M $17,000
Closed Mesilien Marie M $204,250
Previous Owner Kg Renovations Llc $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/14/2025 02/14/25 Sold $215,000 0.0% $130 / Sq Ft
12/28/2024 12/28/24 For Sale $215,000 0.0% $130 / Sq Ft
12/27/2024 12/27/24 Pending -- -- --
10/02/2024 10/02/24 Price Changed $215,000 -4.4% $130 / Sq Ft
09/20/2024 09/20/24 For Sale $225,000 +66.7% $137 / Sq Ft
03/11/2024 03/11/24 Sold $135,000 -10.0% $82 / Sq Ft View Prior Sale
02/09/2024 02/09/24 Pending -- -- --
01/30/2024 01/30/24 Price Changed $150,000 -14.3% $91 / Sq Ft
11/27/2023 11/27/23 For Sale $175,000 0.0% $106 / Sq Ft
10/25/2023 10/25/23 Pending -- -- --
09/30/2023 09/30/23 For Sale $175,000 +29.6% $106 / Sq Ft
06/30/2023 06/30/23 Off Market $135,000 -- --
05/15/2023 05/15/23 For Sale $175,000 -- $106 / 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 $4,588 $55,800 $13,200 $42,600
2024 $4,136 $55,800 $13,200 $42,600
2023 $4,136 $55,800 $13,200 $42,600
2022 $3,944 $55,800 $13,200 $42,600
2021 $3,799 $55,800 $13,200 $42,600
2020 $3,719 $55,800 $13,200 $42,600
2019 $3,695 $55,800 $13,200 $42,600
2018 $3,608 $55,800 $13,200 $42,600
2017 $3,561 $55,800 $13,200 $42,600
2016 $4,931 $132,300 $35,200 $97,100
2015 $4,865 $132,300 $35,200 $97,100
2014 $4,838 $132,300 $35,200 $97,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJSA2012288

Bright MLS

APN: 13-00039-0000-00009