NOT LISTED FOR SALE

351 E Broadway Salem, NJ 08079

Estimated Value: $134,000 - $209,000

3 Beds
2 Baths
2,320 Sq Ft
$74/Sq Ft Est. Value

Last Sold October 20, 2017

Last sale price $30,000 $13 Per Sq Ft

Est. 469% increase in value since last sale

Current estimated payment $1,063/month

146 Days on Market

Highlights

  • Colonial Architecture
  • Porch
  • Living Room
  • No HOA
  • Eat-In Kitchen
  • Central Air

About This Home

As of October 2017

Don't miss this 3 story historic home in Salem! This home has 3 bedrooms and 2 full bathrooms. The downstairs offers a living room, dining room, and eat-in kitchen with a large island. The bedrooms and bathrooms are upstairs, and the third floor is for whatever you need it to be. Not to mention there is also a full unfinished basement. This home also has five, and yes you did read that right, FIVE fireplaces. This is a must see! This home is corporate owned and is being sold in its current condition. Buyers are responsible for any and all repairs/inspections.

Last Agent to Sell the Property

Brian W. Ziegenfuss

(201) 687-6693 bwziegenfuss@gmail.com RE/MAX Preferred - Mullica Hill License #9913886 Listed on: 05/04/2017

RE/MAX Preferred - Mullica Hill

Last Buyer's Agent

Marla Newmaster

(856) 279-9208 legacymarlas@gmail.com S. Kelly Real Estate LLC License #1111975

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1726

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 79x136

Home Design

  • Colonial Architecture
  • Stucco

Interior Spaces

  • 2,320 Sq Ft Home
  • Property has 3 Levels
  • Living Room
  • Dining Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Eat-In Kitchen
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Driveway

Outdoor Features

  • Porch

Utilities

  • Central Air
  • Heating Available
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00003
  • Assessor Parcel Number 13-00069-00003

Home Details

Home Type

Single Family

Year Built

Built in 1726

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1726
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Kitchen - Eat-In
  • Fireplace: No
  • Levels Count: 3+
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Kitchen, Bedroom 1
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Main Floor
  • Living Area Units: Square Feet
  • Total Sq Ft: 2320
  • Living Area Sq Ft: 2320
  • Net Sq Ft: 2320.00
  • Price Per Sq Ft: 12.89
  • Above Grade Finished Sq Ft: 2320
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Stucco
  • Access To Pool: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 3
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Driveway

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 149900.00
  • Land Assessed Value: 17900.00
  • Lot Size Acres: 0.25
  • Lot Dimensions: 79X136
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 10744.00
  • Outdoor Living Structures: Porch(es)
  • Property Attached Yn: No
  • Zoning: R

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 21907048
  • Tax Annual Amount: 6571.00
  • Assessor Parcel Number: 13-00069-00003
  • Tax Lot: 00003
  • Tax Year: 2016

MLS Schools

  • School District Name: SALEM CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2017
Closed on
Oct 26, 2017
Sold by
Mtglq Investors Lp
Bought by
Walker Robert M and Walker Crystal
Seller's Agent
Brian W. Ziegenfuss
RE/MAX Preferred - Mullica Hill
Buyer's Agent
Marla Newmaster
S. Kelly Real Estate LLC
List Price
$54,500
Sold Price
$30,000
Premium/Discount to List
-$24,500
-44.95%
Current Estimated Value
$170,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,659
Avg. Annual Appreciation
23.58%

Purchase Details

Listed on
May 4, 2017
Closed on
Oct 5, 2017
Sold by
Mtglq Investors Lp
Bought by
Walker Robert M and Walker Crystal
Seller's Agent
Brian W. Ziegenfuss
RE/MAX Preferred - Mullica Hill
Buyer's Agent
Marla Newmaster
S. Kelly Real Estate LLC
List Price
$54,500
Sold Price
$30,000
Premium/Discount to List
-$24,500
-44.95%

Purchase Details

Closed on
Dec 14, 2016
Sold by
Memorial Hospital Of Salem County
Bought by
Mtglq Investors Lp

Purchase Details

Closed on
Oct 7, 2016
Sold by
Memorial Hospital Of Salem County
Bought by
Mtglq Investors Lp

Purchase Details

Closed on
Aug 29, 2003
Sold by
Salem Old House Foundation Inc
Bought by
Willey David C and Willey Shelley H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 11, 2003
Sold by
Salem Old House Foundation
Bought by
Salem Old House Foundation

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2000
Sold by
Smith Lorre Sylvan
Bought by
Salem Old House Foundation Inc
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
Walker Robert M $30,000 --
Walker Robert M $30,000 --
Walker Robert M $30,000 --
Mtglq Investors Lp -- None Available
Mtglq Investors Lp -- None Available
Willey David C $199,000 Congress Title Corp
Salem Old House Foundation -- --
Salem Old House Foundation Inc $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Willey David C $157,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2017 10/20/17 Sold $30,000 +0.3% $13 / Sq Ft
10/17/2017 10/17/17 Price Changed $29,900 0.0% $13 / Sq Ft
09/27/2017 09/27/17 Pending -- -- --
09/15/2017 09/15/17 Price Changed $29,900 -25.1% $13 / Sq Ft
08/03/2017 08/03/17 Price Changed $39,900 -26.8% $17 / Sq Ft
07/31/2017 07/31/17 For Sale $54,500 +81.7% $23 / Sq Ft
07/31/2017 07/31/17 Off Market $30,000 -- --
07/03/2017 07/03/17 Price Changed $54,500 -22.0% $23 / Sq Ft
05/16/2017 05/16/17 Price Changed $69,900 -6.7% $30 / Sq Ft
05/04/2017 05/04/17 For Sale $74,900 -- $32 / 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 $5,418 $65,900 $8,800 $57,100
2024 $5,180 $65,900 $8,800 $57,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000373295

Bright MLS

APN: 13-00069-0000-00003