NOT LISTED FOR SALE

16 Mercer St Jersey City, NJ 07302

Downtown Jersey City Neighborhood

Estimated Value: $935,000 - $2,268,000

3 Beds
2 Baths
-- Sq Ft
1,220 Sq Ft Lot

Last Sold December 27, 2018

Last sale price $1,175,000

Est. 55% increase in value since last sale

Current estimated payment $12,144/month

11 Days on Market

Highlights

  • Rowhouse Architecture
  • 2-minute walk to Grove Street
  • Hot Water Heating System
  • Cornelia F. Bradford School Rated A-
  • Living Room
  • 5-minute walk to Van Vorst Park

About This Home

As of December 2018

This 2-family Mercer Street home is located just 2 blocks from the Grove Street PATH Station and across from City Hall. 2 updated 1-bedroom rental units, with the potential to reconfigure into a large duplex and a first floor rental. Heating and Electrical updated 5 years ago. Currently, the second floor is vacant and utilized as owner storage. The private backyard has plenty of un-tapped potential to turn into a great outdoor living space. Rare opportunity to own a historic home just two short blocks from the Grove Street PATH station and convenient to everything Downtown Jersey City has to offer.

Last Agent to Sell the Property

RYAN MCFARLAND

BOYNE REALTY License #0901537 Listed on: 09/27/2018

Last Buyer's Agent

Vincent Ho

SILVER AND OAK REALTY, LLC License #1647077

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,433

Lot Details

  • Lot Dimensions are 16.67x73.45

Home Design

  • Rowhouse Architecture
  • Brick Exterior Construction

Interior Spaces

  • Living Room
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Legal Lot and Block 00020 / 12903
  • Assessor Parcel Number 1467

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,433

Lot Details

0

Listing Details

  • Class: 2 FAMILY
  • Type: 2 Family
  • Building Style: Row House
  • Lead Paint Form: Yes
  • Section: Downtown
  • Assessor Parcel Number: 1467
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 2
  • Total Full Baths: 2
  • Total Bedrooms: 3
  • Total Other Rooms: 1
  • Basement: Full
  • Total Kitchens: 3
  • Total Living Rooms: 3
  • First Floor Bedrooms: 1
  • First Full Floor Bathrooms: 1
  • Floor1 Kitchen: 1
  • Floor 1 Living Rooms: 1
  • Floor 1 Rent: 1850
  • Second Floor Bedrooms: 1
  • Floor2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Floor2 Other: 1
  • Third Floor Bedrooms: 1
  • Floor 3 Full Bathrooms: 1
  • Floor3 Kitchens: 1
  • Floor 3 Living Rooms: 1
  • Floor 3 Rent: 1850
  • Fl1 Rooms: 3
  • Fl2 Rooms: 3
  • Fl3 Rooms: 3

Exterior Features

  • Exterior Finish: Brick

Utilities

  • Heating/Cooling: Gas, Hot Water

Lot Info

  • Geo Address Line: 16 Mercer St
  • Geo Primary City: Jersey City
  • Geo Quality: 0.95
  • Geo Update Timestamp: 09/27/2018
  • Geo Zoom Level: 16
  • Lot: 00020
  • Lot Size: 16.67x73.45

Tax Info

  • Year: 2018
  • Taxes: 21433

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2018
Closed on
Dec 21, 2018
Sold by
Martinez Joel I and Martinez Nivea I
Bought by
Chang Justin M and Chan Michelle C
Seller's Agent
RYAN MCFARLAND
BOYNE REALTY
Buyer's Agent
Vincent Ho
SILVER AND OAK REALTY, LLC
List Price
$1,200,000
Sold Price
$1,175,000
Premium/Discount to List
-$25,000
-2.08%
Current Estimated Value
$1,822,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$647,461
Avg. Annual Appreciation
7.05%
Original Mortgage
$940,000
Outstanding Balance
$837,741
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$1,014,001

Purchase Details

Closed on
Jul 23, 2014
Sold by
Rosario Maria
Bought by
Martinez Nivea I and Martinez Joe I
Source: Public Records

Range of Values:

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Average Value
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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
Chang Justin M $1,175,000 None Available
Martinez Nivea I -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chang Justin M $940,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/27/2018 12/27/18 Sold $1,175,000 -2.1% --
10/08/2018 10/08/18 Pending -- -- --
09/27/2018 09/27/18 For Sale $1,200,000 -- --
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 $26,796 $1,200,000 $644,500 $555,500
2024 $26,964 $1,200,000 $644,500 $555,500
2023 $26,964 $1,200,000 $644,500 $555,500
2022 $25,416 $1,200,000 $644,500 $555,500
2021 $19,248 $1,200,000 $644,500 $555,500
2020 $19,320 $1,200,000 $644,500 $555,500
2019 $20,269 $1,316,200 $644,500 $671,700
2018 $1,542 $1,440,400 $644,500 $795,900
2017 $8,081 $103,600 $5,600 $98,000
2016 $7,978 $103,600 $5,600 $98,000
2015 $7,751 $103,600 $5,600 $98,000
2014 $7,452 $103,600 $5,600 $98,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    RYAN MCFARLAND

    BOYNE REALTY

  • Vincent Ho

    Buyer's Agent in 2018

    Vincent Ho

    SILVER AND OAK REALTY, LLC

    (201) 743-9863

    2 in this area

    7 Total Sales

    Vincent Ho
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Map

Source: Hudson County MLS

MLS Number: 180018518

Hudson County MLS

APN: 06-12903-0000-00020

New Jersey Hudson County Jersey City 07302 Downtown Jersey City

16 Mercer St, Jersey City, NJ

This home is located at 16 Mercer St, Jersey City, NJ 07302 since 27 September 2018 and is currently estimated at $1,822,461. 16 Mercer St is a home located in Hudson County with nearby schools including Cornelia F. Bradford School, James J. Ferris High School, and Dr Ronald McNair 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.

Hudson County MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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