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162 7th Street, Salem, NJ 08079
$135,000
162 7th Street, Salem, NJ 08079View this property at 162 7th Street, Salem, NJ 08079
162 7th StreetSalemNJ08079
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Property Description
Welcome to a great investment opportunity in Salem, NJ! This duplex epitomizes the perfect fusion of potential and immediate returns. The lower level features a stable 2-bedroom, 1-bathroom apartment already occupied by reliable tenants, while the upper level unveils a spacious 3-bedroom, 1-bathroom unit awaiting your vision. With over 2000 sq ft of versatile space, this property is primed to cater to a multitude of investment strategies. This is an as-is sale as the property needs some rehabbing.
Full Property Details
Full Property Details for 162 7th St
General
- Price: $135,000
- Taxes: $2,979 (2023)
- Status: Active
- Type: Duplex
- MLS ID: NJSA2010878
- Updated: 5/18/2024
- Added to Site: 36 day(s) ago
Parking
- Parking Type: On Street
Location
- Area: Salem City (21713)
- Municipality: SALEM CITY
- County: Salem
- Driving Directions: Follow Hawks Bridge Rd, Rte 540 and NJ-45 S to 7th St in Salem
School Information
- School District: Salem City Schools
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard - Electric
- Heating Fuel: Natural Gas Available
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Info: Other
- Architectural Style: Other
- Structure Type: Twin/Semi-Detached
- Construction: Vinyl Siding
- Foundation: Crawl Space
- Stories/Levels: 3
- Square Feet: 2,061
- Sq. Ft. Source: Assessor
- Living Area: 2,061 Sq. Ft.
- Finished Above Grnd: 2,061 Sq. Ft.
- Year Built: 1906
- Year Built Source: Assessor
Unit Information
- 2 Bedroom Units: 1
- 3 Bedroom Units: 1
Lot Features
- Lot Size (Acres): 0.1
- Lot Size (Sq. Ft.): 4,373
- Lot Size Source: Assessor
- Lot Dimensions: 25.00 x 175.00
- Zoning: R-2
Financial Considerations
- Price Per Sq. Ft.: $65.5
- Assessment Year: 2023
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $37,900
- Tax Amount: $2,979
- Tax Year: 2023
- Tax Total Finished Sq. Ft.: 2061
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Ownership: Fee Simple
- Lot Number: 35
Listed by Signature Realty NJ, Anna Livits
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Schools
Schools serving 162 7th St
School District:Salem City Schools
Rating | Name | Grades | Distance |
---|---|---|---|
223 E Broadway, Salem, NJ 08079 | 3-8 | 0.3 mi | |
John Fenwick School
183 Smith St, Salem, NJ 08079 | PK-2 | 0.5 mi | |
219 Walnut St, Salem, NJ 08079 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 162 7th St
Date
Details
Price
Change
Source
5/18/2024
Price Reduced
$135,000
-9.4%
MLS
5/02/2024
Listed
$149,000
129.23%
MLS
3/26/2009
Sold
$65,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 162 7th St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$2,849
-1%
$37,900
—
2022
$2,884
5%
$37,900
—
2021
$2,751
5%
$37,900
—
2018
$2,620
1%
$37,900
—
2017
$2,589
-39%
$37,900
-65%
2016
$4,214
57%
$107,600
184%
2019
$2,679
-36%
$37,900
-65%
2015
$4,160
1%
$107,600
—
2013
$4,114
—
$107,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 162 7th St
162 7th Street, Salem, NJ 08079 (MLS# NJSA2010878) is a Duplex property with 0 bedrooms and 0 full bathrooms. 162 7th Street is currently listed for $135,000 and was received on May 02, 2024. Want to learn more about 162 7th Street? Do you have questions about finding other Duplex real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.