225 Gibbon Street

225 Gibbon Street in Salem, NJ was first built in 1940 and is 84 years old. This has been categorized as a unknown property type. For those interested in architecture, the building on the property was built in a unknown. There are a total of 2 floors. 225 Gibbon Street has 2,380 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 640 ft and the linear feet between the front and back of the lot is 800. In total, the area measurement of the land is 5,118 square feet.

Learn more about the property and building on this page. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 225 Gibbon Street sold most recently in Apr 13, 2022 for a total of $185,000. If you work out the math, that's approximately a cost of $77.73 per sqft. Before that, the property was also sold for $48,000 in Sep 22, 2015. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,427 in taxes each year. 225 Gibbon Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $85,500. If we break it down further, the land itself was valued at $8,800. Improvements to the property, however, were assessed at a total of $76,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation.