NOT LISTED FOR SALE

56 Eighth St Salem, NJ 08079

Estimated Value: $128,000 - $175,000

4 Beds
1.5 Baths
1,620 Sq Ft
$98/Sq Ft Est. Value

Last Sold February 15, 2013

Last sale price $25,000 $15 Per Sq Ft

Est. 534% increase in value since last sale

Current estimated payment $1,197/month

85 Days on Market

Highlights

  • Water Oriented
  • Eat-In Kitchen
  • Bungalow
  • No HOA
  • Living Room
  • Heating System Uses Oil

About This Home

As of February 2013

This is a Fannie Mae HomePath Property. Purchase this property for as little as 3% down!This property is approved for HomePath Renovation Mortgage Financing.

Last Agent to Sell the Property

Samantha Raynor

(856) 810-8282 sraynor@njpreferredhomes.com RE/MAX Preferred - Medford Listed on: 09/27/2012

RE/MAX Preferred - Medford

Last Buyer's Agent

Samantha Raynor

(856) 810-8282 sraynor@njpreferredhomes.com RE/MAX Preferred - Medford Listed on: 09/27/2012

RE/MAX Preferred - Medford

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 75x154

Parking

  • On-Street Parking

Home Design

  • Bungalow
  • Brick Exterior Construction

Interior Spaces

  • 1,620 Sq Ft Home
  • Property has 1.5 Levels
  • Living Room
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Outdoor Features

  • Water Oriented
  • Property is near an ocean

Schools

  • Salem High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Oil
  • Oil Water Heater

Community Details

  • No Home Owners Association
  • Avenues Subdivision

Listing and Financial Details

  • Tax Lot 00005
  • Assessor Parcel Number 13-00023-00005

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Kitchen - Eat-In
  • Fireplace: No
  • Levels Count: 1.5
  • Room List: Living Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Bedroom 1
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Basement
  • Total Sq Ft: 1620
  • Living Area Sq Ft: 1620
  • Net Sq Ft: 1620.00
  • Price Per Sq Ft: 22.84
  • Above Grade Finished Sq Ft: 1620
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Construction Completed: No
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Street
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Wall Unit
  • Heating Fuel: Oil
  • Heating Type: Oil
  • Heating: Yes
  • Hot Water: Oil
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • High School: SALEM

Lot Info

  • Improvement Assessed Value: 87500.00
  • Land Assessed Value: 16100.00
  • Lot Size Acres: 0.27
  • Lot Dimensions: 75X154
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 11550.00
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 21906003
  • Tax Annual Amount: 3821.00
  • Assessor Parcel Number: 13-00023-00005
  • Tax Lot: 00005
  • Tax Year: 2011

MLS Schools

  • School District Name: SALEM CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2012
Closed on
Feb 13, 2013
Sold by
Federal National Mortgage Association
Bought by
Wetzel John
Seller's Agent
Samantha Raynor
RE/MAX Preferred - Medford
Buyer's Agent
Samantha Raynor
RE/MAX Preferred - Medford
List Price
$42,900
Sold Price
$25,000
Premium/Discount to List
-$17,900
-41.72%
Current Estimated Value
$158,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,413
Avg. Annual Appreciation
15.41%

Purchase Details

Closed on
Nov 22, 2005
Sold by
Sullivan Charles R and Sullivan Elizabeth N
Bought by
Wygor Charles N and Wygor Kimberly M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,400
Interest Rate
5.65%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 29, 1994
Sold by
First Fidelity Bank
Bought by
Szczechowshi John
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
Wetzel John $25,000 Federation Title Agency Inc
Wygor Charles N $92,000 Salem Oak Title Agency Inc
Szczechowshi John $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wygor Charles N $18,400
Previous Owner Wygor Charles N $73,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/15/2013 02/15/13 Sold $25,000 0.0% $15 / Sq Ft
12/27/2012 12/27/12 Off Market $25,000 -- --
12/05/2012 12/05/12 Price Changed $37,000 -13.8% $23 / Sq Ft
09/27/2012 09/27/12 For Sale $42,900 -- $26 / 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 $4,399 $53,500 $11,500 $42,000
2024 $3,687 $53,500 $11,500 $42,000
2023 $3,687 $46,900 $11,500 $35,400
2022 $3,525 $46,900 $11,500 $35,400
2021 $3,404 $46,900 $11,500 $35,400
2020 $3,336 $46,900 $11,500 $35,400
2019 $3,315 $46,900 $11,500 $35,400
2018 $3,243 $46,900 $11,500 $35,400
2017 $3,203 $46,900 $11,500 $35,400
2016 $4,057 $103,600 $16,100 $87,500
2015 $4,005 $103,600 $16,100 $87,500
2014 $3,984 $103,600 $16,100 $87,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1004113102

Bright MLS

APN: 13-00023-0000-00005