NOT LISTED FOR SALE

266 Summit Ave Jersey City, NJ 07306

Downtown Jersey City Neighborhood

Estimated Value: $783,000 - $1,183,000

7 Beds
3 Baths
-- Sq Ft
2,352 Sq Ft Lot

Last Sold June 27, 2013

Last sale price $267,500

Est. 264% increase in value since last sale

Current estimated payment $6,305/month

269 Days on Market

Highlights

  • Living Room
  • Baseboard Heating
  • 3-minute walk to Miralla Triangle
  • Liberty High School Rated A-

About This Home

As of June 2013

Brick 3 Family w / sep heat / sep electric near Journal Square. Largest house on the block. Easy walk to transportation Path Center and bus stop at the corner to Exchange Place. Bonus structure in rear with kit, heat, electric, bath. All formal offers accepted with proof of funds.

Last Agent to Sell the Property

Ed Boscarino

JERSEY CITY REALTY EXCHANGE License #7833833 Listed on: 08/04/2012

Last Buyer's Agent

Ed Boscarino

JERSEY CITY REALTY EXCHANGE License #7833833 Listed on: 08/04/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,537

Lot Details

  • 2,352

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms | 3 Main Level Bedrooms

Utilities

  • Baseboard Heating
  • Heating System Uses Gas

Additional Features

  • Living Room
  • Lot Dimensions are 16.92 x 140

Community Details

  • Insurance Expense $1,700
  • Utility Expense $1,500
  • Water Sewer Expense $1,000

Listing and Financial Details

  • Legal Lot and Block 00032 / 13502
  • Assessor Parcel Number 37951

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,537

Lot Details

0

Listing Details

  • Class: 3-4 FAMILY
  • Type: 3 Family
  • Building Style: Other-See Remarks
  • Lead Paint Form: Yes
  • Section: Journal Square
  • Assessor Parcel Number: 37951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 3
  • Total Full Baths: 3
  • Total Bedrooms: 7
  • Total Living Rooms: 3
  • Basement Other Rooms: 1
  • First Floor Bedrooms: 3
  • First Full Floor Bathrooms: 1
  • Floor 1 Living Rooms: 1
  • Floor 1 Rent: 900
  • Floor 2 Full Bathrooms: 1
  • Floor2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Floor 2 Rent: 850
  • Third Floor Bedrooms: 2
  • Floor 3 Full Bathrooms: 1
  • Floor3 Kitchens: 1
  • Floor 3 Living Rooms: 1

Exterior Features

  • Exterior Finish: Brick

Garage/Parking

  • Parking Available: None

Utilities

  • Heating/Cooling: Baseboard, Gas
  • Utility Expenses: 1500

Fee Information

  • Insurance Expense: 1700
  • Water Sewer Expenses: 1000

Lot Info

  • Geo Quality: 0.1
  • Lot: 00032
  • Lot Size: 16.92 x 140

Tax Info

  • Taxes: 6537

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2012
Closed on
Jun 27, 2013
Sold by
Farag Adel and Mikhail Nadia A
Bought by
Majeed Zakir Hussain Abdul
Seller's Agent
Ed Boscarino
JERSEY CITY REALTY EXCHANGE
Buyer's Agent
Ed Boscarino
JERSEY CITY REALTY EXCHANGE
List Price
$298,900
Sold Price
$267,500
Premium/Discount to List
-$31,400
-10.51%
Current Estimated Value
$973,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$705,500
Avg. Annual Appreciation
11.02%
Original Mortgage
$200,625
Outstanding Balance
$143,323
Interest Rate
3.51%
Mortgage Type
New Conventional
Estimated Equity
$829,677

Purchase Details

Closed on
Nov 1, 2012
Sold by
Farac Ashraff A
Bought by
Farag Mike

Purchase Details

Closed on
Feb 8, 1995
Sold by
Debari Josephine and Verrilli Linda N
Bought by
Farag Adel and Farag Ashraf
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
Majeed Zakir Hussain Abdul $267,500 Chicago Title Ins C0
Farag Mike -- None Available
Farag Adel $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Majeed Zakir Hussain Abdul $200,625
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2013 06/27/13 Sold $267,500 -10.5% --
04/30/2013 04/30/13 Pending -- -- --
08/04/2012 08/04/12 For Sale $298,900 -- --
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 $14,539 $651,100 $248,800 $402,300
2024 $11,604 $651,100 $248,800 $402,300
2023 $11,604 $516,400 $248,800 $267,600
2022 $10,937 $516,400 $248,800 $267,600
2021 $8,283 $516,400 $248,800 $267,600
2020 $8,314 $516,400 $248,800 $267,600
2019 $7,953 $516,400 $248,800 $267,600
2018 $1,354 $516,400 $248,800 $267,600
2017 $7,098 $91,000 $11,400 $79,600
2016 $7,008 $91,000 $11,400 $79,600
2015 $6,809 $91,000 $11,400 $79,600
2014 $6,765 $91,000 $11,400 $79,600
Source: Public Records

Agents Affiliated with this Home

  • Ed Boscarino

    Seller's Agent in 2013

    Ed Boscarino

    JERSEY CITY REALTY EXCHANGE

    (201) 386-8000

    3 Total Sales

    Ed Boscarino
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Map

Source: Hudson County MLS

MLS Number: 120009304

Hudson County MLS

APN: 06-13502-0000-00032

New Jersey Hudson County Jersey City 07304 Downtown Jersey City

266 Summit Ave, Jersey City, NJ

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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