INVESTORS!!! This is a FANTASTIC DEAL. Here's your chance to secure and restore this Large Single-Family Home on a quiet street of Salem City, Southern New Jersey. This 4 Bedroom 1 Bath sustained fire damage and offers a chance to grab a FIX and HOLD or FIX and FLIP for an AMAZING price. Don't miss out on this REMARKABLE opportunity! This property is being sold As-Is." Investors, please CONDUCT YOUR OWN DUE DILIGNECE about the conditions of the property. SCHEDULE A SHOWING TODAY!
Sold for $50,000
$50,000
56 New Market St, Salem, NJ 08079
4beds
2,240sqft
Single Family Residence
Built in 1924
8,050 Square Feet Lot
$55,300 Zestimate®
$22/sqft
$2,234 Estimated rent
Home value
$55,300
$36,000 - $86,000
$2,234/mo
Zestimate® history
Owner options
List your home for rent
$2,234/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,234/mo
Rent Zestimate®
Refinance and save
$320/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$320/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Delicia Sample 856-203-5166,
Weichert Realtors-Haddonfield
Bought with:
Scott Kompa, 675454
EXP Realty, LLC
Source: Bright MLS,MLS#: NJSA2013820
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Basement
- Area: 0
Heating
- Baseboard, Oil
Cooling
- Window Unit(s), Electric
Appliances
- Included: Electric Water Heater
- Laundry: Main Level
Features
- Ceiling Fan(s)
- Flooring: Carpet, Hardwood
- Basement: Full,Sump Pump
- Number of fireplaces: 1
- Fireplace features: Brick, Wood Burning
Interior area
- Total structure area: 2,240
- Total interior livable area: 2,240 sqft
- Finished area above ground: 2,240
- Finished area below ground: 0
Property
Parking
- Parking features: Off Street
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Exterior features: Street Lights, Sidewalks
- Pool features: None
- Fencing: Full
Lot
- Size: 8,050 sqft
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 130006300007
- Zoning: RES
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Frame
- Foundation: Other
- Roof: Shingle
Condition
- Fixer
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Exterior Cameras
Location
- Region: Salem
- Subdivision: None Available
- Municipality: SALEM CITY
Other
Other facts
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 3/7/2025 | Sold | $50,000+9.9%$22/sqft |
Source:  Bright MLS #NJSA2013820 Report a problem | ||
| 3/2/2025 | Pending sale | $45,500$20/sqft |
Source: Bright MLS #NJSA2013820 Report a problem | ||
| 2/26/2025 | Contingent | $45,500$20/sqft |
Source: Bright MLS #NJSA2013820 Report a problem | ||
| 2/19/2025 | Listed for sale | $45,500+65.5%$20/sqft |
Source: Bright MLS #NJSA2013820 Report a problem | ||
| 6/22/2020 | Sold | $27,500-32.1%$12/sqft |
Source: Public Record Report a problem | ||
| 4/20/2020 | Listed for sale | $40,500-66.3%$18/sqft |
Source: Better Homes and Gardens Real Estate Maturo #NJSA137878 Report a problem | ||
| 6/2/2009 | Listing removed | $120,000$54/sqft |
Source: Listhub #5278595 Report a problem | ||
| 3/7/2009 | Listed for sale | $120,000+118.2%$54/sqft |
Source: Listhub #5278595 Report a problem | ||
| 9/6/2001 | Sold | $55,000$25/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,864 +4.6% | $47,000 |
| 2023 | $3,695 +8.3% | $47,000 |
| 2022 | $3,411 +2.1% | $47,000 |
| 2021 | $3,343 +0.6% | $47,000 |
| 2020 | $3,322 +34.9% | $47,000 |
| 2019 | $2,462 | $47,000 |
| 2018 | $2,462 -23.3% | $47,000 |
| 2017 | $3,210 +4.3% | $47,000 -41% |
| 2016 | $3,077 +0.5% | $79,600 |
| 2015 | $3,061 -36.3% | $79,600 |
| 2014 | $4,806 +3.7% | $79,600 -36.7% |
| 2012 | $4,636 +2.7% | $125,700 |
| 2011 | $4,515 +2.5% | $125,700 |
| 2010 | $4,407 +5% | $125,700 |
| 2009 | $4,197 | $125,700 |
| 2008 | -- | $125,700 |
| 2007 | -- | $125,700 +165.8% |
| 2006 | -- | $47,300 |
| 2005 | -- | $47,300 |
| 2004 | -- | $47,300 |
| 2003 | -- | $47,300 |
| 2002 | -- | $47,300 |
| 2001 | -- | $47,300 |
Find assessor info on the county website
Neighborhood: 08079
Nearby schools
GreatSchools rating
- 3/10Salem Middle SchoolGrades: 3-8Distance: 0.1 mi
- 5/10Salem High SchoolGrades: 9-12Distance: 0.9 mi
- NAJohn Fenwick Elementary SchoolGrades: PK-2Distance: 0.2 mi
Schools provided by the listing agent
- District: Salem City Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- New Jersey
- Salem County
- Salem
- 08079
- 56 New Market St
Nearby cities
Nearby zip codes
Other Salem Topics
