NOT LISTED FOR SALE

372 Salem Hancocks Bridge Rd Salem, NJ 08079

Estimated Value: $174,495 - $339,000

2 Beds
1 Bath
891 Sq Ft
$278/Sq Ft Est. Value

Last Sold February 24, 2023

Last sale price $165,750 $186 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,430/month

6 Days on Market

Highlights

  • Cape Cod Architecture
  • 1 Car Detached Garage
  • Central Heating and Cooling System
  • No HOA

About This Home

As of February 2023

Location Location Location!! What a great find, perfect starter home and priced to SELL and look at those taxes!!! Under $1.5k a year!! Yes only $1400 a year!! Sought out LAC location where homes just don’t become available often!! This is a very nice and well-maintained property featuring 3 bedrooms and 1 bath home and central air. Nice size living room and large eat in kitchen to enjoy cooking in. This home features a full dry and clean basement and all the major systems have been very wall cared for. Central air was installed in 2019, roof installed in 2017, new well in 2013, electric panel upgraded in 2003 and new septic in 2002. This is a great starter or downsizing home and is AFFORDABLE with low taxes. A great location, it's just minutes away from the Delaware Memorial Bridge and access to 295 and 130. If you're considering a home like this chances are you know what it feels like to miss out on a new listing, fortunately another chance has presented itself and this can absolutely be your next home for as long as you choose. You're encouraged to set an appointment to come see what makes this home so special. We hope it represents the end of your home search and a beautiful beginning to your life's next chapter. Home is in good condition but being sold in as-is condition.

Professional photos coming soon

Last Agent to Sell the Property

Vincent Grova

(609) 221-4524 vincentgrova@gmail.com Pino Agency License #1752643 Listed on: 02/02/2023

Last Buyer's Agent

Vincent Grova

(609) 221-4524 vincentgrova@gmail.com Pino Agency License #1752643 Listed on: 02/02/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,437

Year Built

  • Built in 1948

Lot Details

  • 0.37 Acre Lot

Parking

  • 1 Car Detached Garage
  • Front Facing Garage

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 891 Sq Ft Home
  • Property has 2 Levels
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Oil
  • Well
  • Electric Water Heater
  • On Site Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00022
  • Assessor Parcel Number 05-00002-00022

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,437

Year Built

Built in 1948

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Cape Cod
  • Ownership: Fee Simple
  • Inclusions: Fridge, Stove, freezer in basement and dryer and shed
  • New Construction: No
  • Story List: Main
  • Expected On Market: 2023-02-04
  • Federal Flood Zone: No
  • Year Built: 1948
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Foundation Details: Block
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 891
  • Living Area Sq Ft: 891
  • Price Per Sq Ft: 179.46
  • Above Grade Finished Sq Ft: 891
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick
  • 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
  • Number Of Detached Garage Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Oil
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Water Source: Well

Condo/Co-op/Association

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

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.37
  • Lot Dimensions: 0.00 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16117.00
  • Zoning: RESIDENTIAL

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1437.00
  • Assessor Parcel Number: 05-00002-00022
  • Tax Lot: 00022
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: LOWER ALLOWAYS CREEK TOWN SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2023
Closed on
Mar 2, 2023
Sold by
Towler Bette W
Bought by
Moncrief Kenneth L and Moncrief Sarah E
Seller's Agent
Vincent Grova
Pino Agency
Buyer's Agent
Vincent Grova
Pino Agency
List Price
$159,900
Sold Price
$165,750
Premium/Discount to List
$5,850
3.66%
Views
90
Current Estimated Value
$248,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,374
Avg. Annual Appreciation
16.05%
Original Mortgage
$180,000
Interest Rate
6.15%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Moncrief Kenneth L $155,000 American Land Title
Moncrief Kenneth L $155,000 American Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Moncrief Kenneth L $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2023 02/24/23 Sold $165,750 +3.7% $186 / Sq Ft
02/08/2023 02/08/23 Pending -- -- --
02/02/2023 02/02/23 For Sale $159,900 -- $179 / 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 $1,575 $109,600 $20,700 $88,900
2024 $1,506 $88,600 $20,700 $67,900
2023 $1,506 $88,600 $20,700 $67,900
2022 $937 $88,600 $20,700 $67,900
2021 $888 $88,600 $20,700 $67,900
2020 $838 $88,600 $20,700 $67,900
2019 $888 $88,600 $20,700 $67,900
2018 $963 $88,600 $20,700 $67,900
2017 $921 $88,600 $20,700 $67,900
2016 $872 $88,600 $20,700 $67,900
2015 $777 $88,600 $20,700 $67,900
2014 $719 $88,600 $20,700 $67,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJSA2006582

Bright MLS

APN: 05-00002-0000-00022