NOT LISTED FOR SALE

240 Terrace Ave Unit 242 Jersey City, NJ 07307

The Heights Neighborhood

Estimated Value: $1,081,000 - $1,219,000

5 Beds
4 Baths
-- Sq Ft
4,966 Sq Ft Lot

Last Sold September 12, 2019

Last sale price $825,000

Est. 41% increase in value since last sale

Current estimated payment $7,390/month

332 Days on Market

Highlights

  • Living Room
  • Liberty High School Rated A-
  • Dining Room

About This Home

As of September 2019

Attention ALL Investors!!! Double lot 3 Family Home in one of the most desirable sections of Jersey City Heights. Perfect for a multi unit built out. Will not last!!!!

Last Agent to Sell the Property

Luis Reyes

COLDWELL BANKER RESIDENTIAL BROKERAGE License #1327133 Listed on: 08/09/2018

COLDWELL BANKER RESIDENTIAL BROKERAGE

Last Buyer's Agent

Luis Reyes

COLDWELL BANKER RESIDENTIAL BROKERAGE License #1327133 Listed on: 08/09/2018

COLDWELL BANKER RESIDENTIAL BROKERAGE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,496

Lot Details

  • 4,966

Parking

  • 3 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Legal Lot and Block 00015 / 01202
  • Assessor Parcel Number 17285

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,496

Lot Details

0

Listing Details

  • Class: 3-4 FAMILY
  • Type: 3 Family
  • Building Style: Other-See Remarks
  • Section: Heights
  • Assessor Parcel Number: 17285
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 4
  • Total Full Baths: 4
  • Total Bedrooms: 5
  • Total Other Rooms: 1
  • Total Dining Rooms: 1
  • Total Kitchens: 3
  • Total Living Rooms: 3
  • Basement Other Rooms: 1
  • First Floor Bedrooms: 2
  • First Full Floor Bathrooms: 2
  • Floor1 Kitchen: 2
  • Floor 1 Living Rooms: 2
  • Second Floor Bedrooms: 3
  • Floor 2 Dining Room: 1
  • Floor 2 Full Bathrooms: 2
  • Floor2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Fl1 Rooms: 6
  • Fl2 Rooms: 6

Exterior Features

  • Exterior Finish: Brick

Garage/Parking

  • Parking Available: 3+ Cars

Utilities

  • Heating/Cooling: A/C Window, Gas

Lot Info

  • Geo Address Line: 240-242 Terrace Ave
  • Geo Matched Method: 1
  • Geo Primary City: Jersey City
  • Geo Quality: 0.95
  • Geo Update Timestamp: 08/09/2018
  • Geo Zoom Level: 16
  • Lot: 00015
  • Lot Size: 4966

Tax Info

  • Taxes: 9496

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2022
Sold by
Kalpana Patel
Bought by
240-242 Terrace Llc
Current Estimated Value
$1,164,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Outstanding Balance
$718,868
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$518,311

Purchase Details

Listed on
Aug 9, 2018
Closed on
Sep 5, 2019
Sold by
Chokshi Vrajesh and Chokshi Ratna
Bought by
Patel Kalpana
Seller's Agent
Luis Reyes
COLDWELL BANKER RESIDENTIAL BROKERAGE
Buyer's Agent
Luis Reyes
COLDWELL BANKER RESIDENTIAL BROKERAGE
List Price
$1,100,000
Sold Price
$825,000
Premium/Discount to List
-$275,000
-25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.97%
Original Mortgage
$618,750
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2000
Sold by
Cardillo Denise
Bought by
Chokshi Vrajesh and Chokshi Ratna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
8.1%
Source: Public Records

Range of Values:

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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
240-242 Terrace Llc -- Bonafide Title
Patel Kalpana $825,000 Old Republic Natl Ttl Ins Co
Chokshi Vrajesh $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 240-242 Terrace Llc $770,000
Previous Owner Patel Kalpana $618,750
Previous Owner Chokshi Ratna $192,500
Previous Owner Chokshi Vrajesh $148,000
Previous Owner Chokshi Vrajesh $184,000
Previous Owner Chokshi Vrajesh $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2019 09/12/19 Sold $825,000 -8.2% --
07/07/2019 07/07/19 Pending -- -- --
05/30/2019 05/30/19 Price Changed $899,000 -5.3% --
01/21/2019 01/21/19 Price Changed $949,001 -13.7% --
08/09/2018 08/09/18 For Sale $1,100,000 -- --
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 $14,251 $638,200 $262,000 $376,200
2024 $14,340 $638,200 $262,000 $376,200
2023 $14,340 $638,200 $262,000 $376,200
2022 $13,517 $638,200 $262,000 $376,200
2021 $10,237 $638,200 $262,000 $376,200
2020 $10,275 $638,200 $262,000 $376,200
2019 $9,828 $638,200 $262,000 $376,200
2018 $2,604 $638,200 $262,000 $376,200
2017 $13,650 $175,000 $39,200 $135,800
2016 $13,477 $175,000 $39,200 $135,800
2015 $13,094 $175,000 $39,200 $135,800
2014 $13,010 $175,000 $39,200 $135,800
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2019

    Luis Reyes

    COLDWELL BANKER RESIDENTIAL BROKERAGE

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Map

Source: Hudson County MLS

MLS Number: 180015262

Hudson County MLS

APN: 06-01202-0000-00015

New Jersey Hudson County Jersey City 07307 The Heights

240 Terrace Ave Unit 242, Jersey City, NJ

This home is located at 240 Terrace Ave Unit 242, Jersey City, NJ 07307 since 09 August 2018 and is currently estimated at $1,164,239. 240 Terrace Ave Unit 242 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.

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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