NOT LISTED FOR SALE

The Saffron 217 Newark Ave Unit 105 Jersey City, NJ 07302

Downtown Jersey City Neighborhood

Estimated Value: $760,000 - $1,039,000

2 Beds
2 Baths
1,033 Sq Ft
$334/mo HOA Fee

Last Sold January 06, 2017

Last sale price $685,000 $663 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $6,205/month

44 Days on Market

Highlights

  • Fitness Center
  • Contemporary Architecture
  • Wood Flooring
  • Dr Ronald McNair High School Rated A+
  • Property is near a park
  • 5-minute walk to Van Vorst Park

About This Home

As of January 2017

A perfect 2 bed/2 bath at the Saffron Condos. Located just 2.5 blocks from the Grove Street PATH and steps from all the shops, restaurants and night life that Newark Avenue has to offer. Modern finishes include SS appliances, CaesarStone counter tops, bamboo floors, 10 ft. ceilings and custom tile baths. This unit comes with a private terrace with direct access to the building's common courtyard for great outdoor space right outside the living room. Amenities include a rooftop lounge, sun deck with BBQ's, outdoor shower, exercise room, courtyard, on-site parking available for $225/month. This first floor unit has convenient access to the building's gym and parking garage.

Last Agent to Sell the Property

PATRICK KRETZ

BOUTIQUE REALTY LLC License #675806 Listed on: 10/04/2016

Last Buyer's Agent

Alex Bao

REALMART REALTY License #1432291

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,347

Lot Details

  • 0.48

HOA Fees

  • $334 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,033 Sq Ft Home
  • Multi-Level Property
  • Living Room
  • Wood Flooring
  • Intercom
  • Washer and Dryer

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Terrace

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heat Pump System

Listing and Financial Details

  • Exclusions: All personal items.
  • Legal Lot and Block 00004 / 12702
  • Assessor Parcel Number 80408

Community Details

Overview

  • Association fees include water
  • Saffron Condominiums

Amenities

  • Recreation Room
  • Laundry Facilities
  • Elevator

Recreation

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,347

Lot Details

0

HOA Fees

$334 per month

Listing Details

  • Class: CONDO-COOP
  • Type: Condominium
  • Building Style: Contemporary, Multi-Level
  • Exclusions: All personal items.
  • Inclusions: All major appliances.
  • Lead Paint Form: Yes
  • Miscellaneous: Near Train, Near Shopping, Near Bus, Near Parks, Near Schools, Near Path
  • Section: Downtown
  • Assessor Parcel Number: 80408
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances Included: Dishwasher, Microwave, Refrigerator, Washer/Dryer, Oven/Range Electric
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Bedrooms: 2
  • Total Number Kitchens: 1
  • Total Number Living Rooms: 1
  • Level 1 Number Bedrooms: 2
  • Level 1 Full Bathrooms: 2
  • Level1 Number Kitchens: 1
  • Level 1 Number Living Rooms: 1
  • Estimated Sq Ft: 1033

Exterior Features

  • Exterior Finish: Brick

Garage/Parking

  • Parking Available: 1 Car, Attached

Utilities

  • Heating/Cooling: A/C Wall, Electric, Heat Pump

Association/Amenities

  • Amenities Included: Intercom, Terrace, Hardwood Floor

Condo/Co-op/Association

  • Common Amenities: Community Room, Elevator, Exercise Room, Wash/Dry Room
  • Complex Name: Saffron Condominiums
  • Maintenance Fee Includes: Water

Fee Information

  • Mo Fee Year: 2016
  • Monthly Maintenance Fee: 334

Lot Info

  • Geo Quality: 0.95
  • Lot: 00004

Rental Info

  • Pets: Y

Tax Info

  • Year: 2015
  • Taxes: 7347

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2016
Closed on
Jan 6, 2017
Sold by
Wong Spencer K and Wong Axa
Bought by
Li Zhouyu and Wu Jiaxin
Seller's Agent
PATRICK KRETZ
BOUTIQUE REALTY LLC
Buyer's Agent
Alex Bao
REALMART REALTY
List Price
$749,000
Sold Price
$685,000
Premium/Discount to List
-$64,000
-8.54%
Current Estimated Value
$852,788

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,788
Avg. Annual Appreciation
2.50%
Original Mortgage
$385,000
Outstanding Balance
$317,366
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$535,422

Purchase Details

Closed on
Oct 28, 2011
Sold by
Ftd Newark Avenue Llc
Bought by
Wong Spencer K and Wong Axa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
3.3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Li Zhouyu $685,000 Old Republic Natl Ins Co
Wong Spencer K $425,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Li Zhouyu $385,000
Previous Owner Wong Spencer K $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/06/2017 01/06/17 Sold $685,000 -8.5% $663 / Sq Ft
11/17/2016 11/17/16 Pending -- -- --
10/04/2016 10/04/16 For Sale $749,000 -- $725 / Sq Ft
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 $16,417 $735,200 $100,000 $635,200
2024 $16,520 $735,200 $100,000 $635,200
2023 $16,520 $735,200 $100,000 $635,200
2022 $15,572 $735,200 $100,000 $635,200
2021 $11,793 $735,200 $100,000 $635,200
2020 $11,837 $735,200 $100,000 $635,200
2019 $11,322 $735,200 $100,000 $635,200
2018 $1,921 $735,200 $100,000 $635,200
2017 $10,070 $129,100 $26,200 $102,900
2016 $7,562 $129,100 $26,200 $102,900
2015 $7,347 $129,100 $26,200 $102,900
2014 $7,300 $129,100 $26,200 $102,900
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2017

    PATRICK KRETZ

    BOUTIQUE REALTY LLC

  • A

    Buyer's Agent in 2017

    Alex Bao

    REALMART REALTY

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About The Saffron

Map

Source: Hudson County MLS

MLS Number: 160014804

Hudson County MLS

APN: 06-12702-0000-00004-0000-C0105

New Jersey Hudson County Jersey City 07302 Downtown Jersey City

217 Newark Ave Unit 105, Jersey City, NJ

Not Listed for Sale

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Information is deemed reliable but not guaranteed.

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