NOT LISTED FOR SALE

98 Chestnut St Salem, NJ 08079

Salem Neighborhood

Estimated Value: $107,000 - $153,000

3 Beds
1 Bath
1,478 Sq Ft
$90/Sq Ft Est. Value

Last Sold March 31, 2020

Last sale price $35,000 $24 Per Sq Ft

Est. 299% increase in value since last sale

Current estimated payment $999/month

66 Days on Market

Highlights

  • Colonial Architecture
  • Attic
  • Enclosed Patio or Porch
  • Wood Flooring
  • No HOA
  • Eat-In Kitchen

About This Home

As of March 2020

3 bedroom 1 bath tenant occupied located in historical Salem City. Quiet neighborhood with side walks and street lights. Great investor oppurtunity with instant income of $850/month includes water and sewer. Very good tenants always on time with rent.

Last Agent to Sell the Property

Jan Elwell

RE/MAX Preferred - Vineland License #RS362783 Listed on: 12/09/2019

RE/MAX Preferred - Vineland

Last Buyer's Agent

Brent Grigsby

RE/MAX Connection License #SP9133437

RE/MAX Connection

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1935

Lot Details

  • 2,646 Sq Ft Lot
  • Lot Dimensions are 49.00 x 54.00

Home Design

  • Colonial Architecture
  • Aluminum Siding

Interior Spaces

  • 1,478 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan
  • Dining Area
  • Eat-In Kitchen
  • Laundry on main level
  • Attic

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • 3 Open Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Hot Water Baseboard Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 00005
  • Assessor Parcel Number 13-00079-00005

Home Details

Home Type

Single Family

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Story List: Main, Upper 1
  • Year Built: 1935
  • Remarks Public: 3 bedroom 1 bath tenant occupied located in historical Salem City. Quiet neighborhood with side walks and street lights. Great investor oppurtunity with instant income of $850/month includes water and sewer. Very good tenants always on time with rent.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring Type: Hardwood, Carpet
  • Interior Amenities: Attic, Ceiling Fan(s), Kitchen - Eat-In, Dining Area
  • Levels Count: 3+
  • Basement: Yes
  • Basement Type: Full, Sump Pump
  • Laundry Type: Main Floor
  • Total Sq Ft: 1478
  • Living Area Sq Ft: 1478
  • Price Per Sq Ft: 27.00
  • Above Grade Finished Sq Ft: 1478
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 98

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding
  • 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: 3
  • Type Of Parking: Off Street

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Oil
  • Heating Type: Baseboard - Hot Water
  • Heating: Yes
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: SALEM CITY SCHOOLS
  • School District Key: 300200396391
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 29300.00
  • Land Assessed Value: 7100.00
  • Lot Size Acres: 0.06
  • Lot Dimensions: 49.00 x 54.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2646.00
  • Outdoor Living Structures: Enclosed, Porch(es)
  • Year Assessed: 2019
  • Zoning: RES

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 21907291
  • Tax Annual Amount: 2573.00
  • Assessor Parcel Number: 13-00079-00005
  • Tax Lot: 00005
  • Tax Total Finished Sq Ft: 1478
  • County Tax Payment Frequency: Annually
  • Tax Year: 2019
  • Close Date: 03/31/2020

MLS Schools

  • School District Name: SALEM CITY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2019
Closed on
Mar 30, 2020
Sold by
J & K Llc
Bought by
Adamo Maria
Seller's Agent
Jan Elwell
RE/MAX Preferred - Vineland
Buyer's Agent
Brent Grigsby
RE/MAX Connection
List Price
$39,900
Sold Price
$35,000
Premium/Discount to List
-$4,900
-12.28%
Current Estimated Value
$139,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,603
Avg. Annual Appreciation
29.12%

Purchase Details

Closed on
Nov 13, 2017
Sold by
Housing Opportunity Ptnrs
Bought by
J&K Llc

Purchase Details

Closed on
Mar 24, 2017
Sold by
Us Bank Trust National Associaton and Smith Erica
Bought by
Housing Oppertunity Partners Reo Llc

Purchase Details

Closed on
Mar 25, 2008
Sold by
Nationstar Mortgage Llc
Bought by
Smith Erica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,686
Interest Rate
6.3%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 2, 2007
Sold by
Davis Leonora
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Nov 15, 1999
Sold by
Corson Emma D
Bought by
Davis Leonora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,566
Interest Rate
7.76%
Mortgage Type
FHA
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
Adamo Maria $35,000 Coretitle Llc
J&K Llc $20,000 --
Housing Oppertunity Partners Reo Llc $106,205 None Available
Smith Erica $78,300 --
Nationstar Mortgage Llc -- --
Davis Leonora $53,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Erica $77,686
Previous Owner Davis Leonora $90,000
Previous Owner Davis Leonora $65,000
Previous Owner Davis Leonora $63,000
Previous Owner Davis Leonora $52,566
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2020 03/31/20 Sold $35,000 -12.3% $24 / Sq Ft
02/13/2020 02/13/20 Pending -- -- --
12/09/2019 12/09/19 For Sale $39,900 -- $27 / 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 $2,861 $36,400 $7,100 $29,300
2023 $2,861 $36,400 $7,100 $29,300
2022 $2,736 $36,400 $7,100 $29,300
2021 $2,642 $36,400 $7,100 $29,300
2020 $2,589 $36,400 $7,100 $29,300
2019 $2,573 $36,400 $7,100 $29,300
2018 $2,517 $36,400 $7,100 $29,300
2017 $2,486 $36,400 $7,100 $29,300
2016 $2,992 $76,400 $18,900 $57,500
2015 $2,954 $76,400 $18,900 $57,500
2014 $2,938 $76,400 $18,900 $57,500
Source: Public Records

Agents Affiliated with this Home

  • Jan Elwell

    Seller's Agent in 2020

    Jan Elwell

    RE/MAX

    (856) 498-4492

    5 in this area

    369 Total Sales

    Section Image
  • Brent Grigsby

    Buyer's Agent in 2020

    Brent Grigsby

    RE/MAX Connection

    (609) 504-8185

    79 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: NJSA136662

Bright MLS

APN: 13-00079-0000-00005

New Jersey Salem County Salem 08079 Salem

98 Chestnut St, Salem, NJ

This home is located at 98 Chestnut St, Salem, NJ 08079 since 09 December 2019 and is currently estimated at $133,147, approximately $90 per square foot. This property was built in 1935. 98 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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