NOT LISTED FOR SALE

97 Chestnut St Salem, NJ 08079

Estimated Value: $79,000 - $174,000

Studio
-- Bath
2,064 Sq Ft
$61/Sq Ft Est. Value

Last Sold July 15, 2019

Last sale price $49,900 $24 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $866/month

7 Days on Market

Highlights

  • Colonial Architecture
  • Attic
  • Eat-In Kitchen
  • Wood Flooring
  • No HOA
  • Cooling Available

About This Home

As of July 2019

ATTENTION INVESTORS!! Spacious duplex with long term tenants! Easy commute from Delaware Memorial Bridge & NJ Turnpike! Property is being sold in it's "AS-IS" condition. Certificate of occupancy was obtained for current tenants.

Last Agent to Sell the Property

Ron Bruce

(856) 343-6000 ron.bruce@foxroach.com BHHS Fox & Roach-Mullica Hill South License #8541117 Listed on: 06/13/2019

BHHS Fox & Roach-Mullica Hill South

Last Buyer's Agent

Krystal Kurtz

(856) 223-2600 kcregan@weichertrealtors.net Weichert Realtors-Mullica Hill

Weichert Realtors-Mullica Hill

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 2,166 Sq Ft Lot
  • Lot Dimensions are 19x114

Home Design

  • Duplex
  • Colonial Architecture
  • Brick Foundation
  • Asbestos Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2,064 Sq Ft Home
  • Dining Area
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry in unit
  • Attic

Kitchen

  • Eat-In Kitchen
  • Built-In Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Shared Driveway
  • On-Street Parking

Schools

  • Salem High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Radiator
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • 100 Amp Service
  • Natural Gas Water Heater
  • Municipal Trash
  • Public Septic
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • The owner pays for real estate taxes
  • Assessor Parcel Number 13-00051-00007

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 1-Story Building
  • Lakeview Woods Subdivision

Building Details

  • Operating Expense $2,672

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

2,166 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Twin/Semi-Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Washer, Dryer, 1 Stove, 1 Refrigerator
  • Inclusions: 1 Refrigerator, 1 Stove
  • New Construction: No
  • Year Built: 1938
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Built-In Range
  • Flooring Type: Wood, Carpet, Vinyl
  • Interior Amenities: Attic, Carpet, Dining Area, Kitchen - Eat-In, Wood Floors
  • Fireplace: No
  • Foundation Details: Brick/Mortar
  • Room List: Primary Bedroom
  • Basement: Yes
  • Basement Type: Full, Unfinished
  • Laundry Type: Washer In Unit, Dryer In Unit
  • Total Sq Ft: 2064
  • Living Area Sq Ft: 2064
  • Price Per Sq Ft: 24.18
  • Above Grade Finished Sq Ft: 2064
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Asbestos Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Open Parking Spaces Count: 2
  • Parking Features: Shared Driveway
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: On Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Electric Service: 100 Amp Service
  • Heating Fuel: Oil, Natural Gas
  • Heating Type: Forced Air, Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Septic
  • Utilities: Cable Tv Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

  • High School: SALEM

Lot Info

  • Lot Size Acres: 0.05
  • Lot Dimensions: 19X114
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2166.00
  • Zoning: RES

Rental Info

  • Owner Pays: Taxes - Real Estate
  • Total Actual Rent: 17400.00
  • Vacation Rental: No

Multi Family

  • Other Units: Unit 1,Unit 2

Tax Info

  • Tax Annual Amount: 3858.00
  • Assessor Parcel Number: 13-00051-00007
  • Tax Year: 2019

MLS Schools

  • School District Name: SALEM CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2025
Sold by
Mullins Tyrone and Mullins Bernadette
Bought by
Delaware Valley Opportunity Fund Llc
Current Estimated Value
$126,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,368
Interest Rate
6.76%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 18, 2015
Sold by
Campbell Keith S
Bought by
Mannington Mills Inc

Purchase Details

Closed on
Aug 29, 2008
Source: Public Records
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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
Delaware Valley Opportunity Fund Llc $68,750 National Integrity
Delaware Valley Opportunity Fund Llc $68,750 National Integrity
Mannington Mills Inc $300,000 Salem Oak Title
-- $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Delaware Valley Opportunity Fund Llc $81,368
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2019 07/15/19 Sold $49,900 0.0% $24 / Sq Ft
06/20/2019 06/20/19 Pending -- -- --
06/13/2019 06/13/19 For Sale $49,900 -- $24 / Sq Ft
Source: Bright MLS

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 $2,524 $30,700 $5,700 $25,000
2024 $2,413 $30,700 $5,700 $25,000
2023 $2,413 $30,700 $5,700 $25,000
2022 $2,308 $30,700 $5,700 $25,000
2021 $2,228 $30,700 $5,700 $25,000
2020 $2,183 $30,700 $5,700 $25,000
2019 $2,170 $30,700 $5,700 $25,000
2018 $2,123 $30,700 $5,700 $25,000
2017 $2,097 $30,700 $5,700 $25,000
2016 $2,052 $52,400 $15,000 $37,400
2015 $2,026 $52,400 $15,000 $37,400
2014 $2,688 $69,900 $18,700 $51,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJSA134528

Bright MLS

APN: 13-00051-0000-00007

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