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$300,000

Beds
6
Baths
4.0
sq ft
5,203

95 W Broadway, Salem, NJ 08079

95 W Broadway

SALEM, NJ 08079

  • 113 days on market
Step into a piece of Salem, New Jersey’s rich history with the Thomas Starr House, a charming residence nestled in the historic district, dating back to the 1860s. Nestled in Salem City historic district, this home offers more than just a place to live; it's a gateway to a bygone era, with easy access to Wilmington, the Delaware Shore, the Jersey Shore, Philadelphia, all I-95 corridors and the vibrant communities of South Jersey. The home’s three-story brick façade, grand steps and entrance are a stately presence. But this home isn't just about its past; it seamlessly blends history with modernity. Zoned as Residential/Light Commercial, this property has a commercial wing on the first floor adding a dynamic element, with four offices located off the front sitting room. The possibilities are endless - converting this space into a home office, a business venture, or even an in-law suite. Journeying through the 3-story, 22 room, 6 bedrooms, and 5 bathroom home, you'll discover delightful surprises at every turn, with original, restored, and replicated finishes throughout. Serviced by public water and sewer connection, as well a natural gas. Modern conveniences include gas generator and central air conditioning. Upon entering the double doors, the grand foyer with marble tiled floor sets the tone for the elegance that permeates throughout. To your right, the formal living room beckons, while to the left, a cozy sitting room/library invites you to unwind, and the formal dining room straight ahead, all three rooms exude old-world charm, with plaster moldings and hardwood floors. Both living room and the sitting room feature fireplace and mantles as centerpieces to the room, while the dining room features a lavish chandelier center piece. The sitting room hosts a half bath and an added modern wet bar with wine fridge, for easy entertainment. The hardwood floors continue around the stately formal dining room to the main staircase, framed by the ornate balusters and railings and lit by the stained glass windows on the landing above. The main floors continues with walk-in butlers pantry off the formal dining room, second staircase to the above floor, and large breakfast room with built-ins lining the wall, woodstove and mantle. The kitchen is a blend of modern conveniences and old charm, including the tin ceiling, custom wood cabinetry, recessed lighting, the slate floor, and stainless steel refrigerator, built in microwave and gas range. The sunroom in the rear center of the home connects the formal dining room, the kitchen, commercial wing, and rear yard, very well naturally lit with skylights and windows overlooking the yard. The second floor boasts three large bedrooms, each with its unique character and charm, including original hardwood flooring. A full bathroom sits between two of the bedrooms, with an additional full bath in the hallway. The rear of the second floor features a convenient, modern laundry room. The second floor sun room provides a cozy spot for relaxation, with overhead views of the yard below. Continuing up the main staircase to the third floor, with large open landing that connects three additional bedrooms, additional full bath, and large storage room. Hallway off the third floor landing provides even more storage with a walk-in cedar closet. Outside, the expansive property continues to impress, with room for multiple gardens and a large detached garage tucked away behind the property, ensuring both privacy and functionality. Salem has an exciting past and a promising future. So whether you're seeking a slice of history or a modern oasis where mature Oak trees line the cobblestone sidewalks, the Thomas Starr House offers it all.

Details

Property type

Single Family Residence

Est. home value

$306,995

Lot size

0.35 acres

Price per sq ft

$58

Year built

1860

Annual property taxes

$7,978

HOA

No

Price History

09/22/2024
Bright

Bright #NJSA2010770

Listed
$300,000
09/10/2024
Bright

Bright #NJSA2010770

Pending
$300,000
09/05/2024
Bright

Bright #NJSA2010770

Listed
$300,000

Schools & Community

Elementary school: 

SALEM

Middle school: 

SALEM M.S.

High school: 

SALEM H.S.

School district: 

SALEM CITY SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$49,025
Asking price
$300,000
Closing costs (~8% of asking)
-$24,000
Est. remaining loan balance
-$226,975
Cash to seller
$49,025

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Tam Lending Center Inc

Loan start date

August 2021

Original loan amount

$243,182

Est. remaining balance

$226,975

Interest rate

2.98%

Loan type

FHA, 30 year

Seller

Kelleah B Young

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 09/28/2024 at 5:00 PM

Listing updated: 09/22/2024 at 6:36 AM

Listed by: Nicholas T Nowak, EXP REALTY, LLC Phone #: (866) 201-6210

MLS: Bright #NJSA2010770

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