$92,000
●
House -
Off Market
314 CRAVEN AVE
SALEM, NJ 08079
3 Beds
2 Baths,
1
Half Bath
1,568 Ft²
$114,404
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model
About This Property
Buyers Lender Denied Loan. HOME IS BACK ON THE MARKET. Investors ,
whether your looking to fix and flip or add a great rental unit to
your portfolio this is the house you have been waiting for.
Step back in time with this unique style 3 bedroom 1.5 bathroom
home. Add the side porch would make a fantastic enclosed great
room. Spacious rooms with a fire place in the Living room to keep
warm on those cold winter nights. It won't last long so don't
wait call today. The driveway goes with 314 not 318. Property is
BEING SOLD IN STRICTLY AS IS CONDITION. All inspection are for
buyers information only. All repairs and the CO will be at the
buyers expense.
Unit Size
1,568 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$70
Property Type
House
Property Taxes
$277
HOA Dues
-
Year Built
1936
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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 #NJSA2003886)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 2, 2022 | Sold | ||
| Sold | |||
| May 3, 2022 | Listed by Exit Homestead Realty Professi | $110,000 | |
| Listed by Exit Homestead Realty Professi | |||
| May 25, 2016 | Sold | ||
| Sold | |||
| Sep 2, 2015 | Listed by A J Falciani Realty | $12,050 | |
| Listed by A J Falciani Realty | |||
| | |||
|
Step back in time with this unique style 3 bedroom 1 bath home. Spacious rooms with a fire place in the Living room to keep you warm on those cold winter nights. This is a Fannie Mae HomePath property. This property is now under auction terms. Please contact Listing Agent for details.
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Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
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HOA + Taxes
About Salem
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Listed by: Richard Clarke
Exit Homestead Realty Professi
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# NJSA2003886
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.
Exit Homestead Realty Professi
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# NJSA2003886
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