NOT LISTED FOR SALE

1180 Summit Ave Jersey City, NJ 07307

The Heights Neighborhood

Estimated Value: $1,147,426

-- Bed
-- Bath
-- Sq Ft
2,004 Sq Ft Lot

Last Sold June 06, 2022

Last sale price $1,050,000

Est. 9% increase in value since last sale

Current estimated payment $7,768/month

107 Days on Market

About This Home

As of June 2022

Well maintained and updated 6 unit mix use building. 4 residential units (1 bed 1 bath with same layouts/updates) leased with staggered expirations. Barber shop lease until 2025 with option. (long term tenant) One vacant store front. New Utilities and roof. Very clean .

Last Agent to Sell the Property

Justin Smith

Logistics Real Estate Services Listed on: 10/19/2021

Last Buyer's Agent

Erica Haber

RE/MAX Signature Homes

RE/MAX Signature Homes

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $13,300

Lot Details

  • 2,004

Home Design

  • Flat Roof Shape

Property Details

Property Type

Other

Est. Annual Taxes

$13,300

Lot Details

0

Listing Details

  • Property Type: 5+ Mixed Use
  • Co List Office Phone: (201) 886-8888
  • MLS Status: Sold - Sold
  • Directions: Grace and Leonard
  • Year Built Details: 1940's,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Roof: Flat

Lot Info

  • Lot: 00053

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 19, 2021
Closed on
May 26, 2022
Sold by
Guo Gui Xiang and Yu Feng
Bought by
Empire Sumit Corp
Seller's Agent
Justin Smith
Logistics Real Estate Services
Buyer's Agent
Erica Haber
RE/MAX Signature Homes
List Price
$1,150,000
Sold Price
$1,050,000
Premium/Discount to List
-$100,000
-8.7%
Total Days on Market
107
Current Estimated Value
$1,147,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,426
Avg. Annual Appreciation
2.27%
Original Mortgage
$787,500
Interest Rate
5.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2006
Sold by
Kai C W Llc
Bought by
Guo Gui Xiang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
6.39%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 19, 2004
Sold by
Yeung Shing
Bought by
Kai C W Llc

Purchase Details

Closed on
Jun 17, 2003
Sold by
Cespedes Eduardo and Cespedes Ana
Bought by
Yeung Shing

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.69%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 12, 2001
Sold by
Matsias Elba
Bought by
Cespedes Eduardo and Cespedes Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,600
Interest Rate
6.54%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 2, 1997
Sold by
Caro Luis and Caro Julio
Bought by
Matsias Elba

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
7.55%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Empire Sumit Corp $1,050,000 Old Republic Title
Guo Gui Xiang $600,000 None Available
Kai C W Llc -- Chicago Title Insurance Co
Yeung Shing $375,000 Chicago Title Insurance Co
Cespedes Eduardo $258,000 --
Matsias Elba $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Empire Sumit Corp $1,326,000
Closed Empire Sumit Corp $787,500
Previous Owner Guo Gui Xiang $435,000
Previous Owner Yeung Shing $200,000
Previous Owner Cespedes Eduardo $180,600
Previous Owner Matsias Elba $133,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2022 06/06/22 Sold $1,050,000 0.0% --
12/31/2021 12/31/21 Off Market $1,050,000 -- --
10/19/2021 10/19/21 For Sale $1,150,000 -- --
Source: New Jersey MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,337 $821,200 $150,400 $670,800
2024 $18,452 $821,200 $150,400 $670,800
2023 $18,452 $821,200 $150,400 $670,800
2022 $17,393 $821,200 $150,400 $670,800
2021 $13,172 $821,200 $150,400 $670,800
2020 $13,221 $821,200 $150,400 $670,800
2019 $12,646 $821,200 $150,400 $670,800
2018 $2,558 $821,200 $150,400 $670,800
2017 $13,408 $171,900 $31,900 $140,000
2016 $13,238 $171,900 $31,900 $140,000
2015 $12,862 $171,900 $31,900 $140,000
2014 $12,779 $171,900 $31,900 $140,000
Source: Public Records

Agents Affiliated with this Home

  • Justin Smith

    Seller's Agent in 2022

    Justin Smith

    Logistics Real Estate Services

    (201) 250-4680

    1 in this area

    15 Total Sales

    Justin Smith
    Section Image

  • E

    Buyer's Agent in 2022

    Erica Haber

    RE/MAX

    Section Image
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Map

Source: New Jersey MLS

MLS Number: 21041897

New Jersey MLS

APN: 06-00504-0000-00053

New Jersey Hudson County Jersey City 07307 The Heights

1180 Summit Ave, Jersey City, NJ

This home is located at 1180 Summit Ave, Jersey City, NJ 07307 since 19 October 2021 and is currently estimated at $1,147,426. 1180 Summit Ave is a home located in Hudson County with nearby schools including Alfred E. Zampella No. 27 Elementary School, William L. Dickinson High School, and Liberty High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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