When was property at 98 Thompson Street built and last sold?

The property at 98 Thompson Street was built in 1880 and last sold on Aug 30, 2016 for $25,000.

How much is this home worth?

The estimated value of the home located at 98 Thompson Street is $82,285.

What are some comparable homes to 98 Thompson Street?

There are currently no comparable homes to 98 Thompson Street.

Salem

08079

98 THOMPSON STREET

$80,000

● House - Off Market

98 THOMPSON STREET

SALEM, NJ 08079

3 Beds

1 Bath

1,318 Ft²

$589

Est. Monthly

31.57%

Cap Rate

About This Property

Get in on the ground floor and be a part of Salem's Redevelopment Plan! Thompson Street is one of the first streets in the City's Plan. Great investment opportunity for the savvy investor ... ... 98 Thompson Street also offered at the same price where you can own both properties and expand your portfolio or live in one and rent one. The Home was remodeled in 2008 to include plumbing to the curb and curb hook up to sewage. Roof is about 2 years old. Hot water heater newer (2023). Cosmetics needed to refresh the property. This one will just make "$ense" to either an end user homeowner (cheaper than renting) or an investor!

Unit Size

1,318 Ft²

Days on Market

Land Size

0.06 acres

Price per sqft

$61

Property Type

House

Property Taxes

$195

HOA Dues

Year Built

1880

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (Bright MLS #NJSA2015860)

Price History

Date / Event	Date	Event
Sep 15, 2025	Sold	Premium
Sold
Sep 3, 2025	In contract	-
In contract
Aug 25, 2025	In contract	-
In contract
Aug 8, 2025	Listed by Long & Foster Real Estate, Inc.	$80,000
Listed by Long & Foster Real Estate, Inc.
Feb 6, 2025	In contract	-
In contract
Jan 19, 2025	Listed	$95,000
Listed

	Great investment opportunity for the savvy investor ... or... 96 Thompson Street also offered at the same price where you can own both properties, live in one and rent one. The Home was completely remodeled in 2008 to include plumbing to the curb, curb hook up to sewage. Roof about 2 years old. This one will make "$ense" to either an end user homeowner (cheaper than renting ) or an investor!

Property Highlights

Air Conditioning

Building Info

Overview

General

Year Built: 1880

Effective Year Built: 1880
Bedroom Count: 0
Building Condition: 0
Building Quality: 0
Construction Type: 0
Building Style: 0
Exterior Walls Type: 0
Interior Walls Type: 0
Roof Shape Type: 0
Roof Cover Type: 0
Living Units: 1
Floor Cover: 0
Basement Type: 0
Basement Area: 0
Garage Type: 0
Parking Space Count: 0
Patio Type: 0
Porch Type: 0
Pool Type: 0

Dimensions

Lot Size Square Feet: 2,500

Lot Size Depth Feet: 1,250
Lot Size Frontage Feet: 200
Total Building Area: 1,318
Building Area: 1,318
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 0

Heating: 0
Heated Square Feet: 1,318
Heating Fuel Type: 0

Utilities

Sewer System: 0

Water Service: 0

Building

Building Type: 0

Property Class: R
Land Acres: 0000000057
Standard Land Use Code: 1001
County Land Use Code: 2
Legal Description 1: ADDITIONAL LOTS: QQ64

Neighborhood

School District Name: Salem City School District

Census Tract: 022100

Geography

Assessors Map Reference: TAX MAP 27

District: 13
Parcel: 13 00055-0000-00021
Block: 55
Lot: 21
Municipality: SALEM CITY
Latitude: 39.5712
Longitude: -75.4738

Address

Full Address: 98 Thompson St

Address - House Number: 98
Address - Street Name: Thompson
Address - Suffix Type: St
State: NJ
City Name: Salem
Carrier Code: C005
4-Digit Zip Code: 1325
Zip Code: 08079

Valuation

Tax

Tax Year: 2022

Tax Amount: $214,235

Appraisal Valuation

Standard Deviation: 0.4382

Valuation Date: Apr 03, 2024
Confidence Score: 12
Final Value: 40,613
High Value: 58,412
Low Value: 22,813

Market Valuation

Market Total Value: $28,500

Market Land Value: $6,900
Market Improvement Value: $21,600

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $28,500
Assessed Land Value: $6,900
Assessed Improvements Value: $21,600

Sales

Current Sale Contract Date: Aug 30, 2016

Current Sale Recording Date: Oct 05, 2016
Current Sale Price:

Premium
Current Sale Document Type: 27
Current Sale Input Document Number: 105823
Previous Sale Recording Date: May 20, 2015
Previous Sale Contract Date: Apr 28, 2015
Previous Sale Document Type: 30

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Salem

Stats & Trends

Median Asking:

$175,000

Sale Price/ft²

$90

Below Asking

0.06%

Average Days on Market

106

Average Home Size

1980 ft²

Average Home Age

120 years

Currently For Sale

41 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Linda A Carbone
Long & Foster Real Estate, Inc.
Last Updated: 4 hours ago
Data Source: Bright MLS , MLS# NJSA2015860

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.

98 THOMPSON STREET

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Geography

Valuation

Comparables

About Salem

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions