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416 Watsons Mill Rd, Elmer, NJ, 08318

4beds
2baths
2,736sqft
$650,000
$238price/sqft
$5,155/moest. monthly cost
$206,200/yrincome needed

About This Home

Rare find, Alloway farm with 60 +/- acres of preserved ground! Several outbuildings and storage sheds. Four bedroom farmhouse in need of repairs, but awaits its new owner to be brought back to life. Tenant farmer lease expires November 2026.

Getting Around

3
WalkingCar-Dependent
0
TransitVery Limited Transit
13
BikeSomewhat Bikeable

Schools

6/10
Alloway Twp SchoolGrades PK-84.2 mi

Construction

Condition

  • Year built: 1860

Materials

  • Foundation: Stone
  • Construction materials: Other

Type & Style

  • Home type: SingleFamily
  • Property subType: Farm

Interior

Appliances

  • Appliances included: Electric Water Heater

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2
  • Main level bathrooms: 1

Features

  • Finished area below ground: 0
  • Finished area above ground: 2,736

Heating & Cooling

  • Heating features: Forced Air,Oil
  • Cooling features: None

Interior Area

  • Total structure area: 2,736
  • Total interior livable area: 2,736 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 010003600009
  • Zoning: AGRICULTURAL
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None

Lot

  • Lot size: 61.92 Acres
  • Features: Irregular Lot

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Ice Storm
    Ice StormRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Drought
    DroughtModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Ice Storm
Strong Wind
Winter Weather
Drought
Hail
Heat Wave
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,286$39,432
Home Insurance *$382$4,584
Property Taxes $1,186$14,232
Electricity $301$3,619
Total$5,155$61,860
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$176,742/yr
40% on housing$154,650/yr
45% on housing$137,466/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.1%
6.1%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 0.8%
0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$238This listing

vs Other Active Listings

Avg $/sqft

ZIP 08318$177
Salem County$172

vs Homes Sold Last Month

Median $/sqft

ZIP 08318$147
Salem County$196

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-02-24Listed for sale$650,000
2025-05-09Sold$550,000
2025-02-07Pending sale$499,900
2025-01-09Contingent$499,900
2024-11-24Listed for sale$499,900
2007-08-06Sold$201,243

For Sale by Agent

AgentMary Henallah
BrokerageAmerican's Elite Group. LLC.

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