6 months on rocket

5 Olive St, Salem, NJ, 08079

$114,990

Home List Price

$1,366*

Closing Credit

2 Bedrooms
1 Full Bath
884 SqFt
$130/SqFt
House
Schools Nearby

Location

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5 Olive St, Salem$114,990

Buyer Closing Credits

$1,366*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built1920
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #NJSA2009190
Lot Size0.06 Acres
StatusActive
(ACTIVE)

About 5 Olive St

***reduced! ***All redone 2 bed 1 bath 2 story. New floors. New kitchen and appliances. Living room. Dining room. Full basment. New hw heater. Full fenced in yard. Front porch. Newer electric. Fresh ally painted. Great price!!! Seller will give $5000 closing cost credit with acceptable offer.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1920
  • Stories: 2
  • Living Area: 884 SqFt

Listing Office:

  • Office Name: RE/MAX Community-Williamstown
  • Office Phone: (856) 318-2313
  • Listing Agent: Richard Mauriello Jr.

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Salem High School, Public District Grades 9-12
  • Salem Middle School, Public District Grades 3-8

Other

Directions Information:

  • Directions: E Broadway to olive

Municipality:

  • Salem City

Price Information

Listing Price Info

Price Summary:

  • List Price: $114,990
  • Price Per SqFt: $130/SqFt

Tax Information:

  • Annual Amount: $2,396
  • 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

$124

Avg. Days On Market

62

# of Sold Homes

16

5 Olive St vs Salem

191 DAYS ON ROCKET

+129 Days

$114,990

-$55K Less

$130/SqFt

+$6 More

KEY TAKEAWAY

This property is $55K less than the Median Sold Price and $6/SqFt more than other homes in Salem, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #NJSA2009190

Listing Office:

  • Office Name: RE/MAX Community-Williamstown
  • Office Phone: (856) 318-2313
  • Listing Agent: Richard Mauriello Jr.

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: 4/28/2024, 4:20:18 PM 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 03, 2020Home Sold
$73,000
Apr 29, 2019Home Sold
$70,000
Mar 05, 2019Home Sold
$20,000
Mar 01, 1993Home Sold
$24,250

Tax History

YEARPROP. TAXASSESSMENT
2020$2,396$33,900
2019$2,343$33,900
2018$2,315$33,900
2017$2,315$33,900

History based on county public records data.

Payment Calculator

$641

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$411

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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.

Middle School

school-card-donut-2417722
2
/10

  • Salem Middle School

  • 51 New Market St

  • 0.33 miles

  • Public District Grades 3-8

High School

school-card-donut-2417723
3
/10

  • Salem High School

  • 219 Walnut St

  • 0.94 miles

  • Public District Grades 9-12

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 majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5 Olive St

What is the listing price of this property?

The listing price of 5 Olive St property is $114,990.

What type of property is this?

The property 5 Olive St is a house located in Salem, New Jersey, 08079.

Is this property for sale now?

Active Listing: 5 Olive St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5 Olive St are:
Salem Middle School: GreatSchools Rating 2/10
Salem High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,396 (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 3, 2020 for $73,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5 Olive St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5 Olive St is 884 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5 Olive St is 1920.

Rocket Homes›New Jersey›Salem County›Salem›08079›5 Olive St

This home is located at 5 Olive St in Salem, NJ and zip code 08079. This 884 square foot home, which was built in 1920, sits on a 0.06 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 20, 2023 and is currently priced at $114,990.

In March 2024, from all listings sold in Salem, NJ there were more than 9 sold above asking price, over 5 sold below and more than 2 were sold right at the asked price. Between February 2024 and March 2024, Salem, NJ real estate market has seen increase in the number of listings by 5.3%. In March 2024 median list price was $170,000 and the average listing age was 62 days.

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

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