58 60 Elm St Salem, NJ 08079
Salem NeighborhoodEstimated Value: $121,089 - $191,000
--
Bed
--
Bath
2,529
Sq Ft
$59/Sq Ft
Est. Value
Highlights
- Traditional Architecture
- No HOA
- Forced Air Heating System
About This Home
As of February 2022CASH COW!!!! Great opportunity to purchase a duplex currently occupied by great, paying, long term month to month tenants! Each side has 3 large bedrooms & 1.5 baths. Huge walk up attic for storage, fenced back yard, covered front porch, on a great, well occupied street. Home needs some TLC but major mechanicals are well maintained. Occupancy is negotiable or add to your portfolio and be the lucky landlord to inherit great tenants who would love to stay! Contact listing agent for details on current rent, cap rate, & needed repairs. Due to COVID showings by appointment only and with 24 hours notice. Tenants are cooperative but trying to limit traffic to serious buyers only! Bring all offers! Great ROI!
****UPDATE**** Unit 60 has been renovated and is currently listed for rent.
Last Agent to Sell the Property
Prime Realty Partners License #1862815 Listed on: 04/15/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,304
Year Built
- Built in 1900
Lot Details
- 7,200 Sq Ft Lot
- Lot Dimensions are 60.00 x 120.00
Parking
- On-Street Parking
Home Design
- 2,529 Sq Ft Home
- Duplex
- Traditional Architecture
Utilities
- Forced Air Heating System
- Electric Water Heater
- No Septic System
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Tax Lot 00022
- Assessor Parcel Number 13-00070-00022
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 15, 2021
Closed on
Feb 18, 2022
Sold by
Winch David E
Bought by
Talon Property Investments Llc
Seller's Agent
Rebecca Nilon
Prime Realty Partners
Buyer's Agent
kevin boucher
Keller Williams Premier
List Price
$125,000
Sold Price
$90,000
Premium/Discount to List
-$35,000
-28%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,022
Avg. Annual Appreciation
16.76%
Original Mortgage
$105,000
Outstanding Balance
$99,320
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$51,439
Purchase Details
Closed on
May 19, 2005
Sold by
Acjm & M Enterprises
Bought by
Winch David E and Winch Genise
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,250
Interest Rate
5.95%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Dec 10, 2004
Sold by
Neal Neal William C William C and Neal Mrs William C
Bought by
Acjm & M Enterprises
Purchase Details
Closed on
Jul 9, 2002
Sold by
Gould Winford S and Gould Richard
Bought by
Neal William C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,500
Interest Rate
5.8%
Mortgage Type
Unknown
Similar Homes in Salem, NJ
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Talon Property Investments Llc | $90,000 | Fidelity National Title | |
| Winch David E | $135,000 | Intercoastal Title Agency In | |
| Acjm & M Enterprises | $30,600 | West Jersey Title Agency | |
| Neal William C | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Talon Property Investments Llc | $105,000 | |
| Previous Owner | Winch David E | $130,000 | |
| Previous Owner | Winch David E | $128,250 | |
| Previous Owner | Neal William C | $16,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/18/2022 02/18/22 | Sold | $90,000 | -28.0% | $36 / Sq Ft |
| 12/06/2021 12/06/21 | Pending | -- | -- | -- |
| 10/20/2021 10/20/21 | For Sale | $125,000 | +38.9% | $49 / Sq Ft |
| 10/14/2021 10/14/21 | Off Market | $90,000 | -- | -- |
| 06/24/2021 06/24/21 | Price Changed | $125,000 | -6.0% | $49 / Sq Ft |
| 04/15/2021 04/15/21 | For Sale | $133,000 | -- | $53 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $4,662 | $59,300 | $9,500 | $49,800 |
| 2023 | $4,662 | $59,300 | $9,500 | $49,800 |
| 2022 | $4,458 | $59,300 | $9,500 | $49,800 |
| 2021 | $4,304 | $59,300 | $9,500 | $49,800 |
| 2020 | $4,217 | $59,300 | $9,500 | $49,800 |
| 2019 | $4,192 | $59,300 | $9,500 | $49,800 |
| 2018 | $4,100 | $59,300 | $9,500 | $49,800 |
| 2017 | $4,050 | $59,300 | $9,500 | $49,800 |
| 2016 | $5,459 | $139,400 | $17,000 | $122,400 |
| 2015 | $5,389 | $139,400 | $17,000 | $122,400 |
| 2014 | $5,361 | $139,400 | $17,000 | $122,400 |
Source: Public Records
Agents Affiliated with this Home
-
Rebecca Nilon
Seller's Agent in 2022
Rebecca Nilon
Prime Realty Partners
(856) 404-4751
2 in this area
17 Total Sales
-
Christine Hernandez
C
Seller Co-Listing Agent in 2022
Christine Hernandez
Prime Realty Partners
(856) 650-7120
2 in this area
32 Total Sales
-
kevin boucher
k
Buyer's Agent in 2022
kevin boucher
Keller Williams Premier
2 in this area
6 Total Sales
Map
Source: Bright MLS
MLS Number: NJSA141590
APN: 13-00070-0000-00022
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.
Nearby Homes
- 32 Olive St
- 83 Union St & 56 Olive
- 18 Olive St
- 330 332 E Broadway
- 22 Davis Ave
- 10 Davis Ave
- 256 258 Sinnickson St
- 324 E Broadway
- 261 263 Sinnickson St
- 410 Magnolia St
- 23 Yorke St
- 303 E Broadway
- 304 E Broadway
- 200 Smith St
- 238 Wesley St
- 236 Wesley St
- 287 E Broadway
- 60 62 Walnut St
- 204 206 Wesley St
- 79 Walnut St