$149,100
●
House -
Off Market
157 SHERRON AVE
SALEM, NJ 08079
3 Beds
1 Bath
1,164 Ft²
$183,875
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model
About This Property
This is your perfect opportunity to move into the quiet
neighborhood of Elk Terrace. This 3 bedroom 1 bath home features a
new roof, newer well, newer AC system, and full concrete basement!
Laundry is in the basement with plenty of room to finish to create
more storage or office space! Solar was recently installed with a
new roof, 2 months ago. Solar is $125.00 a month for 25 years.
Refrigerator (less than a year old), stove, and shed (only 2 months
old!) are included in the sale. This is a perfect "first
home" or for a small family. Large front and backyard on a quiet
street provide plenty of space for kids and pets to run around!
This home is selling As-Is. OPEN HOUSE this Friday, 7/30 from 5:00
pm to 7:00 pm. Don't waste any time! Make an offer today!
Unit Size
1,164 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$142
Property Type
House
Property Taxes
$305
HOA Dues
-
Year Built
1955
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 years ago (Bright MLS #NJSA2000252)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 15, 2021 | Sold | ||
| Sold | |||
| Jul 2, 2021 | Listed by Gruber Real Estate Agency Inc. | $164,900 | |
| Listed by Gruber Real Estate Agency Inc. | |||
| Jul 21, 2017 | Sold | ||
| Sold | |||
| Apr 12, 2017 | Listed by American Dream Realty of South Jersey | $99,000 | |
| Listed by American Dream Realty of South Jersey | |||
| | |||
|
Charming one owner home, nice private back yard, very neat and clean and ready to move in! Original hardwood floors throughout, full basement, newer windows and large bedrooms with lots of closet space! You won't be disappointed if you put this home on your spring shopping list!
| |||
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Salem
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Listed by: Briana Merriel
Gruber Real Estate Agency Inc.
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# NJSA2000252
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, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information 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 the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Gruber Real Estate Agency Inc.
Last Updated: 7 hours ago
Data Source: Bright MLS , MLS# NJSA2000252
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017