$100,000
●
House -
Off Market
283 FENWICK AVE
SALEM, NJ 08079
2 Beds
2 Baths,
1
Half Bath
1,130 Ft²
$80,620
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model
About This Property
Charming cape with loads of character. Enjoy the beautiful
fireplace, or entertain on the screened-in porch.
Hardwood floors! Year built 1945--possible lead based paint. Insured Escrow (IE) for FHA financing. Eligible for FHA 203K. Buyer to verify all information. Sold in AS IS condition--there is no warranty as to condition of property. Equal Housing Opportunity.
Hardwood floors! Year built 1945--possible lead based paint. Insured Escrow (IE) for FHA financing. Eligible for FHA 203K. Buyer to verify all information. Sold in AS IS condition--there is no warranty as to condition of property. Equal Housing Opportunity.
Unit Size
1,130 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$71
Property Type
House
Property Taxes
$288
HOA Dues
-
Year Built
1945
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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 #NJSA2007152)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 12, 2023 | Sold | ||
| Sold | |||
| Apr 11, 2023 | In contract | - | |
| In contract | |||
| Mar 31, 2023 | Listed by Avalar - Atlantic Properties | $80,000 | |
| Listed by Avalar - Atlantic Properties | |||
| Nov 17, 2017 | Sold | ||
| Sold | |||
| Sep 18, 2017 | Listed by RE/MAX Preferred - Mullica Hill | $58,900 | |
| Listed by RE/MAX Preferred - Mullica Hill | |||
| | |||
|
Great starter home in the Avenues of Salem. Workmanship is all over this place! Hardwood floors throughout, updated kitchen, built-in hutch in the dining room, closets galore in the bedrooms! This 2 bedroom 1 1/2 bath home features a sunroom for additional space as well as a screened in back porch. Located in the center of town it is close to major highways, shopping, and dining. The backyard has a park-like feel with picnic table included. Garage on the back of the property with access from alley.
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Property Highlights
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: Roger Beam
Avalar - Atlantic Properties
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# NJSA2007152
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Avalar - Atlantic Properties
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# NJSA2007152
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