NOT LISTED FOR SALE

157 Sherman Ave Jersey City, NJ 07307

The Heights Neighborhood

Estimated Value: $1,256,000 - $1,675,000

5 Beds
3 Baths
-- Sq Ft
1,612 Sq Ft Lot

Last Sold January 27, 2019

Last sale price $1,380,000

Est. 5% increase in value since last sale

Current estimated payment $9,824/month

50 Days on Market

Highlights

  • Contemporary Architecture
  • Living Room
  • 4-minute walk to Riverview-Fisk Park
  • Dr Ronald McNair High School Rated A+

About This Home

As of January 2019

Welcome to Jersey City Heights' turnkey 3 Family building with major AirB&B potential. Income of $105,000/year currently. Potential of close to $200,000/year if whole building is AirB&B'd. Or find your value add by condo converting. Fantastic location with easy commutes into NYC via light rail to PATH train or direct bus into Port Authority! This state of the art, FULLY renovated and rented building, features 9 foot ceilings, 2 bed+ apartments showcasing sleek finishes with exposed brick throughout. Seamless smart entry door system, Kitchens boasts white real-wood shaker cabinets, white quartz countertops and a 30" square sinks. All units have brand new central air systems with NEST control and in unit washer/ dryer. Private balcony off back of the house and common ROOF DECK with insane views of NYC, oh and WET BAR for residents!!!

Last Agent to Sell the Property

Alexander Calle

SERHANT NEW JERSEY LLC License #1752924 Listed on: 11/01/2018

SERHANT NEW JERSEY LLC

Last Buyer's Agent

NON-MEMBER NON-MEMBER

NON-MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,326

Lot Details

  • 1,612

Home Design

  • Contemporary Architecture

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Additional Features

  • Living Room
  • Lot Dimensions are 15.93 x 100

Community Details

  • Insurance Expense $1,500
  • Utility Expense $500
  • Water Sewer Expense $1,000

Listing and Financial Details

  • Exclusions: All personal items.
  • Legal Lot and Block 00011 / 02903
  • Assessor Parcel Number 11931

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,326

Lot Details

0

Listing Details

  • Class: 3-4 FAMILY
  • Type: 3 Family
  • Building Style: Contemporary
  • Exclusions: All personal items.
  • Inclusions: All appliances.
  • Lead Paint Form: Yes
  • Assessor Parcel Number: 11931
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Type: None
  • Total Bathrooms: 3
  • Total Full Baths: 3
  • Total Bedrooms: 5
  • Total Living Rooms: 3
  • Basement Rent: *1500
  • First Floor Bedrooms: 2
  • First Full Floor Bathrooms: 1
  • Floor 1 Living Rooms: 1
  • Floor 1 Rent: $2300
  • Floor 2 Full Bathrooms: 1
  • Floor2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Floor 2 Rent: $2500
  • Third Floor Bedrooms: 2
  • Floor 3 Full Bathrooms: 1
  • Floor3 Kitchens: 1
  • Floor 3 Living Rooms: 1

Exterior Features

  • Exterior Finish: Other-See Remarks

Garage/Parking

  • Parking Available: None

Utilities

  • Heating/Cooling: A/C Window, Gas
  • Utility Expenses: 500

Fee Information

  • Insurance Expense: 1500
  • Water Sewer Expenses: 1000

Lot Info

  • Geo Address Line: 157 Sherman Ave
  • Geo Primary City: Jersey City
  • Geo Quality: 0.95
  • Lot: 00011
  • Lot Size: 15.93 X 100

Tax Info

  • Year: 2018
  • Taxes: 8326

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 20, 2023
Sold by
Iwami Yo
Bought by
Reddy Vamshi K
Current Estimated Value
$1,442,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Outstanding Balance
$960,291
Interest Rate
6.38%
Mortgage Type
New Conventional
Estimated Equity
$481,921

Purchase Details

Listed on
Nov 1, 2018
Closed on
Dec 21, 2018
Sold by
Richter Lauren
Bought by
Iwami Yo
Seller's Agent
Alexander Calle
SERHANT NEW JERSEY LLC
Buyer's Agent
NON-MEMBER NON-MEMBER
NON-MEMBER
List Price
$1,380,000
Sold Price
$1,380,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.65%

Purchase Details

Closed on
Oct 4, 2017
Sold by
Santasieri Michael
Bought by
Richter Lauren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$977,151
Interest Rate
3.78%
Mortgage Type
FHA

Purchase Details

Closed on
May 29, 1991
Bought by
Santasiere Michael and Santasiere Janice
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Reddy Vamshi K $1,320,000 Able Title Agency
Reddy Vamshi K $1,320,000 Able Title Agency
Iwami Yo $1,380,000 Fidelity Natl Title Ins Co
Richter Lauren $615,000 Westcor Land Title Ins Co
Santasiere Michael -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reddy Vamshi K $990,000
Closed Reddy Vamshi K $990,000
Previous Owner Richter Lauren $977,151
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2019 01/27/19 Sold $1,380,000 0.0% --
12/21/2018 12/21/18 Pending -- -- --
11/01/2018 11/01/18 For Sale $1,380,000 -- --
Source: Hudson County 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 $26,680 $1,194,800 $194,800 $1,000,000
2024 $26,847 $1,194,800 $194,800 $1,000,000
2023 $26,847 $1,194,800 $194,800 $1,000,000
2022 $25,306 $1,194,800 $194,800 $1,000,000
2021 $19,165 $1,194,800 $194,800 $1,000,000
2020 $19,236 $1,194,800 $194,800 $1,000,000
2019 $18,400 $1,194,800 $194,800 $1,000,000
2018 $1,637 $559,600 $194,800 $364,800
2017 $8,580 $110,000 $12,000 $98,000
2016 $8,471 $110,000 $12,000 $98,000
2015 $8,230 $110,000 $12,000 $98,000
2014 $7,927 $110,000 $12,000 $98,000
Source: Public Records

Agents Affiliated with this Home

  • Alexander Calle

    Seller's Agent in 2019

    Alexander Calle

    SERHANT NEW JERSEY LLC

    (201) 952-1329

    22 in this area

    114 Total Sales

    Alexander Calle
    Section Image

  • N

    Buyer's Agent in 2019

    NON-MEMBER NON-MEMBER

    NON-MEMBER

See All Agents

Map

Source: Hudson County MLS

MLS Number: 180020845

Hudson County MLS

APN: 06-02903-0000-00011

New Jersey Hudson County Jersey City 07307 The Heights

157 Sherman Ave, Jersey City, NJ

Not Listed for Sale

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