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101 Penn St, Penns Grove, NJ, 08069

3beds
3baths
1,232sqft
$53,000
$43price/sqft
$587/moest. monthly cost
$23,480/yrincome needed

About This Home

Investor alert! This 1,232 sq. ft. home is located on a quiet block in Penns Grove and features a nice-sized yard. Property is in need of repairs and may require a full renovation. Excellent opportunity for investors seeking long-term cash flow or buyers looking for a starter home with appreciation potential. Property is being sold strictly AS IS. Hold Harmless must be signed prior to showing.

Getting Around

31
WalkingCar-Dependent
0
TransitVery Limited Transit
39
BikeSomewhat Bikeable

Schools

2/10
3/10
4/10
Penns Grove High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1940

Materials

  • Foundation: Brick/Mortar
  • Construction materials: Mixed

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bathrooms: 3
  • Main level bedrooms: 3

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,232

Heating & Cooling

  • Heating features: None,Natural Gas
  • Cooling features: None

Interior Area

  • Total structure area: 1,232
  • Total interior livable area: 1,232 sqft

Property

Accessibility

  • Accessibility features: 2+ Access Exits

Details

  • Parcel number: 080000800001
  • Attached to another structure: Yes
  • Zoning: RESIDENTIAL
  • Special condition: Standard
  • Exclusions: Contractor Equipment

Features

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

Lot

  • Lot size: 2,644 sqft

Parking

  • Parking features: On Street
  • 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

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Ice Storm
    Ice StormRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Ice Storm
Strong Wind
Winter Weather
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 $267$3,204
Home Insurance *$31$372
Property Taxes $96$1,152
Electricity $193$2,318
Total$587$7,044
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$20,125/yr
40% on housing$17,610/yr
45% on housing$15,653/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

$43This listing

vs Other Active Listings

Avg $/sqft

ZIP 08069$117
Salem County$173

vs Homes Sold Last Month

Median $/sqft

ZIP 08069$190
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
2026-08-11Price change$47,000
2026-07-28Listed for sale$53,000
2026-03-26Sold$30,000
2026-03-14Pending sale$35,000
2026-03-10Price change$35,000
2026-03-02Pending sale$20,000
2026-02-27Listed for sale$20,000
2026-02-17Contingent$55,000
2026-02-06Listed for sale$55,000
2026-02-04Contingent$55,000
2025-12-16Listed for sale$55,000

For Sale by Agent

AgentChavea Banks
BrokerageEXP Realty, LLC

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