3 months on rocket

349 E Broadway, Salem, NJ, 08079

$85,000

Home List Price

$1,009*

Closing Credit

5 Bedrooms
2 Full Baths
2,348 SqFt
$36/SqFt
House

Location

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349 E Broadway, Salem$85,000

Buyer Closing Credits

$1,009*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOn Street, Alley
Year Built1890
HeatingBaseboard
CoolingWindow Unit(s)
BasementYes
FireplaceBrick, Wood
MLS #NJSA2012030
Lot Size0.17 Acres
StatusActive
(ACTIVE)

About 349 E Broadway

CALLING INVESTORS!! Welcome to 349 East Broadway, a spacious 2-story single-family home nestled in the heart of Salem, NJ. This property is a golden opportunity for savvy investors seeking both immediate rental income and long-term growth potential. With 5 bedrooms and 2 full bathrooms, this versatile home is perfect for a multi-family setup or a spacious single-family residence. On the first floor, you'll find 3 large bedrooms, a full bathroom, and expansive living and dining areas complete with a wood-burning fireplace. The fully equipped kitchen makes this floor ideal for family living or rental income generation. The second floor features 2 generous bedrooms, a full bathroom, and a space that was formerly a kitchen and dining area, offering potential for additional living quarters or other creative uses. This floor also features a screened-in porch overlooking the backyard. The property boasts a sizable fenced-in yard, providing privacy and ample outdoor space. Additionally, a bonus subdivided lot (Block 00069 Lot 00051) is included, offering exciting possibilities for future development or expansion. Currently tenant-occupied, this property is generating $1,100 per month through a HUD-supported month-to-month lease, with the potential for increased rental income. The flexibility of the lease offers both stability and opportunity, making this an attractive investment for those looking to maximize returns. Don't miss out on this unique opportunity to invest in a property with substantial income potential and future growth. Contact us today to schedule a tour and take the first step toward expanding your real estate portfolio!

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1890
  • Stories: 2
  • Living Area: 2,348 SqFt

Listing Office:

  • Office Name: Weichert Realtors-Haddonfield
  • Office Phone: (856) 394-5700
  • Listing Agent: Delicia Sample

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Carpet, Hardwood
  • Interior: Ceiling Fan(s)
  • Fireplace: Brick, Wood

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Sidewalks, Street Lights

Parking Information:

  • Parking: On Street, Alley

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: Turn right onto NJ-45 S, Turn left onto E Broadway

Municipality:

  • Salem City

Price Information

Listing Price Info

Price Summary:

  • List Price: $85,000
  • Price Per SqFt: $36/SqFt

Tax Information:

  • Annual Amount: $4,085
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Salem, NJ.

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Salem, NJ

City

Med. Sold Price

$170K

Med. Price/SqFt

$118

Avg. Days On Market

28

# of Sold Homes

11

349 E Broadway vs Salem

115 DAYS ON ROCKET

+87 Days

$85,000

-$85K Less

$36/SqFt

-$82 Less

KEY TAKEAWAY

This property is $85K less than the Median Sold Price and $82/SqFt less than other homes in Salem, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #NJSA2012030

Listing Office:

  • Office Name: Weichert Realtors-Haddonfield
  • Office Phone: (856) 394-5700
  • Listing Agent: Delicia Sample

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 10:21:03 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 22, 2021Home Sold
$265,000
Jun 22, 2020Home Sold
$27,500

Tax History

YEARPROP. TAXASSESSMENT
2020$4,085$56,300
2019$3,892$56,300
2018$3,845$56,300
2017$3,845$56,300

History based on county public records data.

Payment Calculator

$492

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$321

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4500291
4
/10

  • Penn Beach Elementary School

  • 96 Kansas Rd

  • 6.30 miles

  • Public District Grades 4-5

school-card-donut-4500292
5
/10

  • Central Park Elementary School

  • 43 Oliver Ave

  • 6.97 miles

  • Public District Grades 2-3

school-card-donut-4500293
6
/10

  • Southern Elementary School

  • 795 Cox Neck Rd

  • 8.72 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $21,389. The majority of Salem, NJ residents have income less than $35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 349 E Broadway

What is the listing price of this property?

The listing price of 349 E Broadway property is $85,000.

What type of property is this?

The property 349 E Broadway is a house located in Salem, New Jersey, 08079.

Is this property for sale now?

Active Listing: 349 E Broadway is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,085 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 22, 2021 for $265,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 349 E Broadway has 5 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 349 E Broadway is 2,348 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 349 E Broadway is 1890.

Rocket Homes›New Jersey›Salem County›Salem›08079›349 E Broadway

This home is located at 349 E Broadway in Salem, NJ and zip code 08079. This 2,348 square foot home, which was built in 1890, sits on a 0.17 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 24, 2024 and is currently priced at $85,000.

In November 2024 more than 2 listings in Salem, NJ were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 4 were sold below. In November 2024 in Salem, NJ there were 8.8% more homes for sale than in October 2024. While the average time on the market in November 2024 was 28 days, the median list price was $170,000.

From Rocket Homes Real Estate and based on county public records data.

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