$65,000
SOLD MAR 5, 2025

349 E Broadway Salem, NJ 08079

5 Beds
2 Baths
2,348 Sq Ft
7,524 Sq Ft Lot

Recently Sold

$28 Per Sq Ft

24% Below List Price

165 Days on Market

Highlights

  • Colonial Architecture
  • No HOA
  • Dining Room
  • Wood Flooring
  • Screened Porch
  • Ceiling Fan

About This Home

As of March 2025

UNDER CONTRACT. OPEN HOUSE CANCELED. Welcome to 349 East Broadway, a spacious 2-story single-family home nestled in the heart of Salem, NJ. This property is a golden opportunity for savvy investors seeking both immediate rental income and long-term growth potential. With 5 bedrooms and 2 full bathrooms, this versatile home is perfect for a multi-family setup or a spacious single-family residence.

On the first floor, you'll find 3 large bedrooms, a full bathroom, and expansive living and dining areas complete with a wood-burning fireplace. The fully equipped kitchen makes this floor ideal for family living or rental income generation.

The second floor features 2 generous bedrooms, a full bathroom, and a space that was formerly a kitchen and dining area, offering potential for additional living quarters or other creative uses. This floor also features a screened-in porch overlooking the backyard.

The property boasts a sizable fenced-in yard, providing privacy and ample outdoor space. Additionally, a bonus subdivided lot (Block 00069 Lot 00051) is included, offering exciting possibilities for future development or expansion.

Currently tenant-occupied, this property is generating $1,100 per month through a HUD-supported month-to-month lease, with the potential for increased rental income. The flexibility of the lease offers both stability and opportunity, making this an attractive investment for those looking to maximize returns.

Don't miss out on this unique opportunity to invest in a property with substantial income potential and future growth. Contact us today to schedule a tour and take the first step toward expanding your real estate portfolio!

Last Agent to Sell the Property

Delicia Sample

(856) 203-5166 deliciasamplere@gmail.com Weichert Realtors-Haddonfield License #2192241 Listed on: 08/24/2024

Weichert Realtors-Haddonfield

Last Buyer's Agent

Carlo Drogo

(856) 692-4368 carlodrogo@gmail.com EXP Realty, LLC

EXP Realty, LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1890

Lot Details

  • 7,524 Sq Ft Lot
  • Property is Fully Fenced

Home Design

  • Colonial Architecture
  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,348 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Wood Burning Fireplace
  • Brick Fireplace
  • Family Room
  • Dining Room
  • Screened Porch
  • Basement Fills Entire Space Under The House
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Alley Access
  • On-Street Parking

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Hot Water Baseboard Heater
  • Above Ground Utilities
  • Oil Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00002
  • Assessor Parcel Number 13-00069-00002

Home Details

Home Type

Single Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • Inclusions: Property is to be sold with tenant and tenants belongings. Tenant is on a month-to-month lease, HUD paid $1100 and could increase. (EXTRA LOT INCLUDED: Block 00069 Lot 00051)
  • New Construction: No
  • Story List: Main, Upper 1
  • Federal Flood Zone: No
  • Year Built: 1890
  • Automatically Close On Close Date: No
  • Remarks Public: UNDER CONTRACT. OPEN HOUSE CANCELED. Welcome to 349 East Broadway, a spacious 2-story single-family home nestled in the heart of Salem, NJ. This property is a golden opportunity for savvy investors seeking both immediate rental income and long-term growth potential. With 5 bedrooms and 2 full bathrooms, this versatile home is perfect for a multi-family setup or a spacious single-family residence. On the first floor, you'll find 3 large bedrooms, a full bathroom, and expansive living and dining areas complete with a wood-burning fireplace. The fully equipped kitchen makes this floor ideal for family living or rental income generation. The second floor features 2 generous bedrooms, a full bathroom, and a space that was formerly a kitchen and dining area, offering potential for additional living quarters or other creative uses. This floor also features a screened-in porch overlooking the backyard. The property boasts a sizable fenced-in yard, providing privacy and ample outdoor space. Additionally, a bonus subdivided lot (Block 00069 Lot 00051) is included, offering exciting possibilities for future development or expansion. Currently tenant-occupied, this property is generating $1,100 per month through a HUD-supported month-to-month lease, with the potential for increased rental income. The flexibility of the lease offers both stability and opportunity, making this an attractive investment for those looking to maximize returns. Don't miss out on this unique opportunity to invest in a property with substantial income potential and future growth. Contact us today to schedule a tour and take the first step toward expanding your real estate portfolio!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Flooring Type: Carpet, Hardwood
  • Interior Amenities: Ceiling Fan(s)
  • Fireplace Features: Brick, Wood
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Block
  • Levels Count: 2
  • Room Count: 12
  • Room List: Dining Room, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Family Room, Bedroom 1, Bathroom 1, Bathroom 2, Screened Porch
  • Basement: Yes
  • Basement Type: Full
  • Laundry Type: Main Floor
  • Total Sq Ft: 2348
  • Living Area Sq Ft: 2348
  • Price Per Sq Ft: 36.20
  • Above Grade Finished Sq Ft: 2348
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 349

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Shingle
  • 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, Alley

Utilities

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

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: Fully
  • Lot Size Acres: 0.17
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7524.00
  • Year Assessed: 2019
  • Zoning: RES

Rental Info

  • Lease Considered: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3980.00
  • Assessor Parcel Number: 13-00069-00002
  • Tax Lot: 00002
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 03/05/2025

MLS Schools

  • School District Name: SALEM CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 20, 2021
Sold by
Crosby Realty 1 Llc
Bought by
Galut Mcg Llc
Current Estimated Value
$93,025

Purchase Details

Closed on
Sep 28, 2012
Sold by
Jones Elizabeth B
Bought by
Kates Realty Llc
Source: Public Records

Range of Values:

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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 $265,000 Dominion Ttl Svcs Bridgeton
Bargain Sale Deed $15,000 West Jersey Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $0 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/05/2025 03/05/25 Sold $65,000 -23.5% $28 / Sq Ft
02/05/2025 02/05/25 Pending -- -- --
02/02/2025 02/02/25 For Sale $85,000 0.0% $36 / Sq Ft
01/09/2025 01/09/25 Pending -- -- --
08/24/2024 08/24/24 For Sale $85,000 +209.1% $36 / Sq Ft
06/12/2020 06/12/20 Sold $27,500 -32.1% $12 / Sq Ft View Prior Sale
05/01/2020 05/01/20 Pending -- -- --
04/20/2020 04/20/20 For Sale $40,500 -- $17 / 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 $4,111 $50,000 $7,400 $42,600
2024 $3,931 $50,000 $7,400 $42,600
2023 $3,931 $50,000 $7,400 $42,600
2022 $3,759 $50,000 $7,400 $42,600
2021 $4,085 $56,300 $7,400 $48,900
2020 $4,004 $56,300 $7,400 $48,900
2019 $3,980 $56,300 $7,400 $48,900
2018 $3,893 $56,300 $7,400 $48,900
2017 $3,845 $56,300 $7,400 $48,900
2016 $3,286 $83,900 $17,100 $66,800
2015 $3,244 $83,900 $17,100 $66,800
2014 $3,227 $83,900 $17,100 $66,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJSA2012030

Bright MLS

APN: 13-00069-0000-00002