NOT LISTED FOR SALE

701 Salem Ave Unit 705 Elizabeth, NJ 07208

Westminster Neighborhood

Estimated Value: $325,000 - $724,732

6 Beds
4.5 Baths
100 Sq Ft
$5,757/Sq Ft Est. Value

Last Sold November 16, 2018

Last sale price $355,000 $3,550 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $3,859/month

60 Days on Market

Highlights

  • Colonial Architecture
  • Attic
  • 2 Car Detached Garage
  • Elizabeth High School Rated A
  • Formal Dining Room
  • Enclosed Patio or Porch

About This Home

As of November 2018

A MUST SEE PRICE REDUCED, it wont last long. Charming colonial in an excellent location of Elizabeth!!! House has a new central air and updated electrical system. This gorgeous property welcomes you with an entrance hallway overlooking a set of stairs to the second level.Gleaming hardwood floors throughout the property. Kitchen fully equipped with stainless steel appliances, wood cabinets and tile flooring. Spacious living room with a fireplace for those cold winter nights with a great flow from living room to dining room and much more! The winding staircase takes you to the beautiful second floor with three spacious bedrooms. As an added BONUS finished attic with three a spacious rooms and a full bath. Must see to believe! Do not miss this great opportunity!!!

Last Agent to Sell the Property

Grisela Flores

FLOROSTONE REALTY INC. Listed on: 08/02/2018

Last Buyer's Agent

HERNAN BRACERO

KELLER WILLIAMS TEAM REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,986

Year Built

  • Built in 1915 | Remodeled

Lot Details

  • 63 Sq Ft Lot
  • Privacy Fence

Parking

  • 2 Car Detached Garage
  • Private Driveway

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • Living Room with Fireplace
  • Formal Dining Room
  • Finished Basement
  • Front Basement Entry
  • Attic

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary bedroom located on second floor

Outdoor Features

  • Enclosed Patio or Porch
  • Storage Shed

Utilities

  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 2904-00011-0000-01354-0000-

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,986

Year Built

Built in 1915 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Style: Colonial
  • Primary Style: Colonial
  • Subproperty Type: Single Family
  • Year Built: 1915
  • Year Built Description: Approximate, Renovated
  • County Name: Union
  • Directions: North Broad St or North Ave to Salem Ave
  • I D: 4827106
  • First Name: GRISELA
  • First Name3: HERNAN
  • Last Name: FLORES
  • Last Name3: BRACERO
  • Office Phone: 908-445-5339 ext101
  • Office Phone3: 973-859-5020
  • Special Features: None
  • Property Sub Type: Detached
  • Year Renovated: 2018

Interior Features

  • Fireplace Description: Living Room
  • Number of Fireplaces: 1
  • Appliances: Range/Oven-Gas, CookGas, Dishwasher, Microwave Oven
  • Bedrooms: 6
  • Bedroom 1 Level: Second
  • Bedroom 2 Level: Second
  • Bedroom 3 Level: Second
  • Bathrooms: 4.10
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Basement: Yes
  • Basement Description: Finished
  • Dining Room Level: First
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Level: First
  • Living Room Level: First
  • Other Room 1: Attic
  • Other Room 2: Attic
  • Other Room 3: Attic
  • Level 1 Rooms: Living Room, Dining Room, Entrance Vestibule, Bath(s) Other, Kitchen
  • Level 2 Rooms: 3 Bedrooms, Bath Main
  • Level 3 Rooms: Attic
  • Phone: 908-445-5339

Exterior Features

  • Exterior Description: Vinyl Siding
  • Exterior Features: Storage Shed, Patio, Enclosed Porch(es), Privacy Fence
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Detached Garage
  • Number Garage Spaces: 2
  • Number Parking Spaces: 3
  • Parking Driveway Description: 1 Car Width, Blacktop, Driveway-Exclusive

Utilities

  • Cooling: Central Air
  • Fuel Type: Gas-Natural
  • Sewer: Public Sewer
  • Utilities: Gas-Natural
  • Water: Public Water

Lot Info

  • Lot Size: 63.12X106.64 IRR
  • Easement: Unknown
  • Lot I D Tax: *
  • Lot Size Tax: *

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 11986
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2904-00011-0000-01354-0000-
  • Tax Rate Amount: 27.747
  • Tax Rate Tax: *
  • Tax Year Tax: *
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 9, 2024
Sold by
Palma Ever
Bought by
Palma Wanda D
Current Estimated Value
$575,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,461
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 2, 2018
Closed on
Nov 9, 2018
Sold by
D & N Holdings Iii Llc
Bought by
Palma Ever
Seller's Agent
Grisela Flores
FLOROSTONE REALTY INC.
Buyer's Agent
HERNAN BRACERO
KELLER WILLIAMS TEAM REALTY
List Price
$375,000
Sold Price
$355,000
Premium/Discount to List
-$20,000
-5.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.12%
Original Mortgage
$348,570
Interest Rate
4.8%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 13, 2018
Sold by
Vallee Vallee Dany Guerrero Dany Guerrero and Vallee Leon Gabriel R
Bought by
D & N Holdings Iii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,800
Interest Rate
4.4%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 28, 2009
Sold by
Cabatu Joan R and Cabatu Arturo S
Bought by
Vallee Leon Gabriel and Guerrero Vallee Dany

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,109
Interest Rate
5.05%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 1, 1995
Sold by
Cabatu Joan R and Cabatu Jose
Bought by
Cabatu Joan R and Cabatu Arturo S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Palma Wanda D $321,199 Mortgage Connect
Palma Wanda D $321,199 Mortgage Connect
Palma Ever $355,000 Main Street Title
D & N Holdings Iii Llc $202,000 None Available
Vallee Leon Gabriel $270,000 Crystal Title Agency Llc
Cabatu Joan R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palma Wanda D $338,461
Previous Owner Palma Ever $348,570
Previous Owner D & N Holdings Iii Llc $231,800
Previous Owner Vallee Leon Gabriel $265,109
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2018 11/16/18 Sold $355,000 -5.3% $3,550 / Sq Ft
10/01/2018 10/01/18 Pending -- -- --
08/02/2018 08/02/18 For Sale $375,000 -- $3,750 / Sq Ft
Source: Garden State 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 $9,824 $510,600 $216,800 $293,800
2024 $13,578 $510,600 $216,800 $293,800
2023 $13,578 $43,200 $15,300 $27,900
2022 $13,210 $43,200 $15,300 $27,900
2021 $12,938 $43,200 $15,300 $27,900
2020 $12,645 $43,200 $15,300 $27,900
2019 $12,452 $43,200 $15,300 $27,900
2018 $12,331 $43,200 $15,300 $27,900
2017 $11,987 $43,200 $15,300 $27,900
2016 $11,988 $43,200 $15,300 $27,900
2015 $11,275 $43,200 $15,300 $27,900
2014 $10,937 $43,200 $15,300 $27,900
Source: Public Records

Agents Affiliated with this Home

  • Grisela Flores

    Seller's Agent in 2018

    Grisela Flores

    FLOROSTONE REALTY INC.

    (908) 220-7865

    1 in this area

    153 Total Sales

    Grisela Flores
    Section Image

  • H

    Buyer's Agent in 2018

    HERNAN BRACERO

    KELLER WILLIAMS TEAM REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3492539

Garden State MLS

APN: 04-00011-0000-01354

New Jersey Union County Elizabeth 07208 Westminster

701 Salem Ave Unit 705, Elizabeth, NJ

Not Listed for Sale

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