NOT LISTED FOR SALE

3311 Palisade Ave Union City, NJ 07087

Estimated Value: $959,159 - $1,051,000

7 Beds
4 Baths
-- Sq Ft
2,483 Sq Ft Lot

Last Sold October 06, 2023

Last sale price $850,000

Est. 18% increase in value since last sale

Current estimated payment $6,613/month

21 Days on Market

Highlights

  • Living Room
  • Dining Room
  • 1-minute walk to Juan Pablo Duarte Park
  • Sara M. Gilmore Academy Rated A-
  • Baseboard Heating

About This Home

As of October 2023

Fantastic opportunity to own this three family as an income generating investment from day one or owner occupy and allow your tenants to cover your expenses. Comprised of a three bedroom duplex unit, another three bedroom unit and a private studio, this property has so much to offer. In a prime location, the southeast corner of Union City, along the Weehawken border, provides close proximity to everything including shopping, restaurants, cafes, the NJ Transit bus to NYC on the corner, houses of worship, Dunkin Donuts, Walgreens, Whole Foods and three minutes to the Lincoln Tunnel and five minutes to Hoboken - you're near it all! All this combined with an excellent rent roll and high cap rate make this one not to be missed.

Last Agent to Sell the Property

William Kelly

HOWARD HANNA RAND REALTY License #1650513 Listed on: 07/27/2023

HOWARD HANNA RAND REALTY

Last Buyer's Agent

NON-MEMBER NON-MEMBER

NON-MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,960

Lot Details

  • 2,483

Home Design

  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • Multi-Level Property
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 7 Bedrooms | 3 Main Level Bedrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • 1 Bedroom in Basement

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

  • Insurance Expense $1,400
  • Water Sewer Expense $2,400

Listing and Financial Details

  • Exclusions: All personal furnishings.
  • Legal Lot and Block 00005 / 00199
  • Assessor Parcel Number 4851

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,960

Lot Details

0

Listing Details

  • Class: 3-4 FAMILY
  • Type: 3 Family
  • Building Style: Multi-Level
  • Exclusions: All personal furnishings.
  • Lead Paint Form: Yes
  • Assessor Parcel Number: 4851
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Type: Finished, Full, Walk-Out
  • Total Bathrooms: 4
  • Total Full Baths: 4
  • Total Bedrooms: 7
  • Total Other Rooms: 1
  • Total Dining Rooms: 2
  • Total Kitchens: 3
  • Total Living Rooms: 4
  • Basement Bedrooms: 1
  • Basement Full Bathrooms: 1
  • Basement Living Rooms: 1
  • Basement Other Rooms: 1
  • First Floor Bedrooms: 3
  • Floor 1 Dining Rooms: 1
  • First Full Floor Bathrooms: 1
  • Floor1 Kitchen: 1
  • Floor 1 Living Rooms: 1
  • Floor 1 Rent: 3050
  • Second Floor Bedrooms: 3
  • Floor 2 Dining Room: 1
  • Floor 2 Full Bathrooms: 1
  • Floor2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Floor 2 Rent: 2100
  • Floor 4 Full Bathrooms: 1
  • Floor4 Kitchens: 1
  • Floor 4 Living Rooms: 1
  • Floor 4 Rent: 1000
  • Fl1 Rooms: 6
  • Fl2 Rooms: 6
  • Fl4 Rooms: 2

Exterior Features

  • Exterior Finish: Aluminum/Vinyl, Brick

Garage/Parking

  • Parking Available: None

Utilities

  • Heating/Cooling: A/C Window, Baseboard, Electric

Fee Information

  • Insurance Expense: 1400
  • Water Sewer Expenses: 2400

Lot Info

  • Geo Address Line: 3311 Palisade Ave
  • Geo Primary City: Union City
  • Geo Quality: 0.95
  • Geo Update Timestamp: 07/27/2023
  • Geo Zoom Level: 16
  • Lot: 00005

Tax Info

  • Taxes: 11960

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2023
Closed on
Oct 6, 2023
Sold by
Ramirez John W
Bought by
Psquared 3311 Llc
Seller's Agent
William Kelly
HOWARD HANNA RAND REALTY
Buyer's Agent
NON-MEMBER NON-MEMBER
NON-MEMBER
List Price
$899,000
Sold Price
$850,000
Premium/Discount to List
-$49,000
-5.45%
Views
63
Current Estimated Value
$1,006,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,040
Avg. Annual Appreciation
4.36%
Original Mortgage
$595,000
Interest Rate
8.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2015
Sold by
Garbayo Luis R
Bought by
Ramirez John W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,664
Interest Rate
4.37%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Psquared 3311 Llc $850,000 Stewart Title Guaranty Company
Ramirez John W $405,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Psquared 3311 Llc $595,000
Previous Owner Ramirez John W $397,664
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2023 10/06/23 Sold $850,000 -5.5% --
08/17/2023 08/17/23 Pending -- -- --
07/27/2023 07/27/23 For Sale $899,000 -- --
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 $14,091 $783,000 $276,800 $506,200
2024 $12,877 $762,500 $270,000 $492,500
2023 $12,877 $167,500 $95,000 $72,500
2022 $12,413 $167,500 $95,000 $72,500
2021 $12,370 $167,500 $95,000 $72,500
2020 $12,229 $167,500 $95,000 $72,500
2019 $11,898 $167,500 $95,000 $72,500
2018 $11,675 $167,500 $95,000 $72,500
2017 $11,564 $167,500 $95,000 $72,500
2016 $11,541 $167,500 $95,000 $72,500
2015 $10,914 $167,500 $95,000 $72,500
2014 $10,671 $167,500 $95,000 $72,500
Source: Public Records

Agents Affiliated with this Home

  • William Kelly

    Seller's Agent in 2023

    William Kelly

    Rand Realty

    (845) 988-7778

    1 in this area

    23 Total Sales

    William Kelly
    Section Image

  • N

    Buyer's Agent in 2023

    NON-MEMBER NON-MEMBER

    NON-MEMBER

See All Agents

Map

Source: Hudson County MLS

MLS Number: 230012515

Hudson County MLS

APN: 10-00199-0000-00005

New Jersey Hudson County Union City 07087

3311 Palisade Ave, Union City, NJ

This home is located at 3311 Palisade Ave, Union City, NJ 07087 since 27 July 2023 and is currently estimated at $1,006,040. 3311 Palisade Ave is a home located in Hudson County with nearby schools including Jefferson Elementary School, Washington Elementary School, and Sara M. Gilmore Academy.

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.

Nearby Homes