NOT LISTED FOR SALE

91 Chestnut St Salem, NJ 08079

Salem Neighborhood

Estimated Value: $59,000 - $123,000

2 Beds
1 Bath
1,214 Sq Ft
$68/Sq Ft Est. Value

Last Sold November 07, 2022

Last sale price $45,500 $37 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $614/month

18 Days on Market

Highlights

  • Colonial Architecture
  • Attic
  • Living Room
  • Wood Flooring
  • No HOA
  • Forced Air Heating System

About This Home

As of November 2022

Calling all Investors! This property consists of a half duplex (left side) that is currently rented. 2 bedrooms, 1 full bath, living, dining, and kitchen with a walk up attic that has potential to turn into additional bedrooms (with proper permits and renovations). Basement has area for laundry hook-up. The current owner has maintained the property and made the following improvements; most of the windows were replaced with vinyl windows in 2011, bathroom updated in 2018, new railings & lattice in 2016, new oil tank in 2021, to name a few.
The Certificate of Occupancy will transfer to the new owner. Purchaser to assume current lease. Please do not approach tenants.
The tenant currently pays $810 per month rent, heating oil, electric, lawn care and trash removal.
The landlord pays property taxes $1727, water $308, sewer $546 per year.
ROI 12%

Last Agent to Sell the Property

Wendy Sparks

EXP Realty, LLC License #RS-0037140 Listed on: 10/06/2022

EXP Realty, LLC

Last Buyer's Agent

John Mealy

Peze & Associates

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,727

Year Built

  • Built in 1925

Lot Details

  • 2,222 Sq Ft Lot
  • Lot Dimensions are 19.00 x 117.00

Parking

  • On-Street Parking

Home Design

  • Semi-Detached or Twin Home
  • Colonial Architecture
  • Side-by-Side
  • Brick Foundation
  • Asbestos Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,214 Sq Ft Home
  • Property has 3 Levels
  • Living Room
  • Dining Room
  • Wood Flooring
  • Stove
  • Attic

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

  • Interior Basement Entry
  • Laundry in Basement

Location

  • Urban Location

Schools

  • John Fenwick Elementary School
  • Salem Middle School
  • Salem High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Oil
  • 100 Amp Service
  • Electric Water Heater
  • Municipal Trash
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00010
  • Assessor Parcel Number 13-00051-00010

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,727

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial, Side-By-Side
  • Ownership: Fee Simple
  • Exclusions: tenants personal property
  • Inclusions: refrigerator and range in as-is condition
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1, Upper 2
  • Expected On Market: 2022-10-06
  • Federal Flood Zone: No
  • Year Built: 1925
  • Automatically Close On Close Date: No
  • Remarks Public: Calling all Investors! This property consists of a half duplex (left side) that is currently rented. 2 bedrooms, 1 full bath, living, dining, and kitchen with a walk up attic that has potential to turn into additional bedrooms (with proper permits and renovations). Basement has area for laundry hook-up. The current owner has maintained the property and made the following improvements; most of the windows were replaced with vinyl windows in 2011, bathroom updated in 2018, new railings & lattice in 2016, new oil tank in 2021, to name a few. The Certificate of Occupancy will transfer to the new owner. Purchaser to assume current lease. Please do not approach tenants. The tenant currently pays $810 per month rent, heating oil, electric, lawn care and trash removal. The landlord pays property taxes $1727, water $308, sewer $546 per year. ROI 12%
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Refrigerator, Stove
  • Flooring Type: Hardwood
  • Interior Amenities: Attic
  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Levels Count: 3
  • Room List: Living Room, Dining Room, Bedroom 2, Kitchen, Basement, Bedroom 1, Attic
  • Basement: Yes
  • Basement Type: Interior Access, Unfinished
  • Laundry Type: Basement
  • Total Sq Ft: 1214
  • Living Area Sq Ft: 1214
  • Price Per Sq Ft: 41.19
  • Above Grade Finished Sq Ft: 1214
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 91

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Roof: Asbestos Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Refuse: 1.00
  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Electric Service: 100 Amp Service
  • Heating Fuel: Oil
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv
  • Monthly Water Average: 26
  • Water Previous Twelve Months: 306.00
  • Water Source: Public
  • Municipal Trash: Yes
  • Internet Services: Cable

Condo/Co-op/Association

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

Schools

  • School District: SALEM CITY SCHOOLS
  • Elementary School: JOHN FENWICK E.S.
  • Middle School: SALEM M.S.
  • High School: SALEM H.S.
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 300200396391
  • School District Source: Listing Agent
  • Elementary School: JOHN FENWICK E.S.
  • High School: SALEM H.S.
  • Middle Or Junior School: SALEM M.S.

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 18100.00
  • Land Assessed Value: 5700.00
  • Lot Size Acres: 0.05
  • Lot Dimensions: 19.00 x 117.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2222.00
  • Year Assessed: 2021
  • Zoning: R-1

Rental Info

  • Lease Considered: No
  • Total Actual Rent: 9720.00
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 21906584
  • Tax Annual Amount: 1727.00
  • Assessor Parcel Number: 13-00051-00010
  • Tax Lot: 00010
  • Tax Total Finished Sq Ft: 1214
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 11/07/2022

MLS Schools

  • School District Name: SALEM CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2022
Closed on
Nov 7, 2022
Sold by
Ayars Joan P
Bought by
Melleady John
Seller's Agent
Wendy Sparks
EXP Realty, LLC
Buyer's Agent
John Mealy
Peze & Associates
List Price
$50,000
Sold Price
$45,500
Premium/Discount to List
-$4,500
-9%
Views
17
Current Estimated Value
$83,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,212
Avg. Annual Appreciation
29.86%

Purchase Details

Closed on
Apr 26, 2014
Sold by
Ayars Joan P
Bought by
Ayars Joan P
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
Melleady John $45,500 Salem Oak Title
Ayars Joan P -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2022 11/07/22 Sold $45,500 -9.0% $37 / Sq Ft
10/25/2022 10/25/22 Pending -- -- --
10/06/2022 10/06/22 For Sale $50,000 -- $41 / 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
2024 $1,871 $23,800 $5,700 $18,100
2023 $1,871 $23,800 $5,700 $18,100
2022 $1,789 $23,800 $5,700 $18,100
2021 $1,682 $23,800 $5,700 $18,100
2020 $1,693 $23,800 $5,700 $18,100
2019 $1,682 $23,800 $5,700 $18,100
2018 $1,646 $23,800 $5,700 $18,100
2017 $1,626 $23,800 $5,700 $18,100
2016 $2,075 $53,000 $18,800 $34,200
2015 $2,652 $68,600 $18,800 $49,800
2014 $2,638 $68,600 $18,800 $49,800
Source: Public Records

Agents Affiliated with this Home

  • Wendy Sparks

    Seller's Agent in 2022

    Wendy Sparks

    EXP Realty, LLC

    (856) 344-3722

    19 in this area

    113 Total Sales

    Section Image

  • J

    Buyer's Agent in 2022

    John Mealy

    Peze & Associates

    (609) 685-6234

    2 in this area

    11 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: NJSA2005568

Bright MLS

APN: 13-00051-0000-00010

New Jersey Salem County Salem 08079 Salem

91 Chestnut St, Salem, NJ

This home is located at 91 Chestnut St, Salem, NJ 08079 since 06 October 2022 and is currently estimated at $83,008, approximately $68 per square foot. This property was built in 1925. 91 Chestnut St is a home located in Salem County with nearby schools including John Fenwick Elementary School, Salem Middle School, and Salem High School.

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