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Backup Offers

85 Chestnut St, Salem, NJ, 08079

$55,000

Home List Price

$653*

Closing Credit

0 Baths
1,152 SqFt
$48/SqFt
House
Schools Nearby

Location

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85 Chestnut St, Salem$55,000

Buyer Closing Credits

$653*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDriveway, On Street
Year Built1925
HeatingBaseboard
CoolingWindow Unit(s)
MLS #NJSA2009960
Lot Size0.05 Acres
StatusAccepting Backup Offers
(ACTIVE UNDER CONTRACT)

About 85 Chestnut St

There are multiple offers already asking for highest and best by Saturday 2/10/24 at 12PM. Any Offer received after 12PM will be for backup purposes only. More Photos Coming Soon! This property is an investor special awaiting your magic touch to fix and flip or fix and rent. Discover the potential in this half of a twin home, boasting 3 bedrooms, 1 bathroom, a spacious eat-in kitchen, and a cozy living room. Embrace the opportunity to customize and transform this space into a lucrative investment. Please note, cameras will not be included in the sale. Don't miss out – seize this chance to turn a diamond in the rough into a shining gem! Property is sold in strictly as is condition all inspections will be for buyers information only. Buyer will be responsible for the certificate of occupancy. Drive way is shared with 83 Chestnut, drive back and 85 parking is to the left and 83 Chestnut is to the right looking in from the street.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1925
  • Living Area: 1,152 SqFt

Listing Office:

  • Office Name: Exit Homestead Realty Professionals
  • Office Phone: (856) 692-3948
  • Listing Agent: Richard Clarke

Interior Features

Interior Information:

  • Flooring Type: Hardwood, Laminated

Exterior Features

Parking Information:

  • Parking: Driveway, On Street

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

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

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: Take Broadway and turn on to Chestnut St, home is on the right side.

Municipality:

  • Salem City

Price Information

Listing Price Info

Price Summary:

  • List Price: $55,000
  • Price Per SqFt: $48/SqFt

Tax Information:

  • Annual Amount: $1,423
  • 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

85 Chestnut St vs Salem

82 DAYS ON ROCKET

+20 Days

$55,000

-$115K Less

$48/SqFt

-$76 Less

KEY TAKEAWAY

This property is $115K less than the Median Sold Price and $76/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: #NJSA2009960

Listing Office:

  • Office Name: Exit Homestead Realty Professionals
  • Office Phone: (856) 692-3948
  • Listing Agent: Richard Clarke

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

Tax History

YEARPROP. TAXASSESSMENT
2020$1,423$19,600
2019$1,355$19,600
2018$1,339$19,600
2017$1,339$19,600

History based on county public records data.

Payment Calculator

$342

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$231

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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-2459237
2
/10

  • Salem Middle School

  • 51 New Market St

  • 0.12 miles

  • Public District Grades 3-8

High School

school-card-donut-2459238
3
/10

  • Salem High School

  • 219 Walnut St

  • 0.86 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 $37,339. Residents of Salem, NJ typically earn less than $35k each year. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 85 Chestnut St

What is the listing price of this property?

The listing price of 85 Chestnut St property is $55,000.

What type of property is this?

The property 85 Chestnut St is a house located in Salem, New Jersey, 08079.

Is this property for sale now?

Accepting Backup Offers: 85 Chestnut St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 85 Chestnut 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 $1,423 (source: MLS/based on county public records data).

What is the square footage of this property?

The property 85 Chestnut St is 1,152 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 85 Chestnut St is 1925.

Rocket Homes›New Jersey›Salem County›Salem›08079›85 Chestnut St

This home is located at 85 Chestnut St in Salem, NJ and zip code 08079. This 1,152 square foot home, which was built in 1925, sits on a 0.05 acre lot. It has been listed on Rocket Homes since February 06, 2024 and is currently priced at $55,000.

In March 2024 more than 9 listings in Salem, NJ were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 5 were sold below. In March 2024 in Salem, NJ there were 5.3% more homes for sale than in February 2024. The median list price of listings available in March 2024 was $170,000, while the average time on the real estate market was 62 days.

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

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