NOT LISTED FOR SALE

374 Sip Ave Jersey City, NJ 07306

West Side Neighborhood

Estimated Value: $1,137,000 - $1,464,000

8 Beds
5 Baths
-- Sq Ft
2,483 Sq Ft Lot

Last Sold August 10, 2022

Last sale price $990,000

Est. 25% increase in value since last sale

Current estimated payment $8,070/month

22 Days on Market

Highlights

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

About This Home

As of August 2022

Welcome to 374 Sip Ave. This property is a great investment. This property is located in the desirable Journal Square section. It is a Legal 3 family with parking as well as separate utilities for each unit. This income generating property is the perfect location for the daily commuter due to it being minutes to JSQ Path. It has a 3 car parking in a prime location close to shopping, schools, and parks. This property checks all the boxes for a turnkey property. Current occupancy with excellent long term tenants.

Last Agent to Sell the Property

Usman Latif

TRIUMPH GROUP REAL ESTATE License #0342416 Listed on: 02/21/2022

Last Buyer's Agent

Usman Latif

TRIUMPH GROUP REAL ESTATE License #0342416 Listed on: 02/21/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,669

Lot Details

  • 2,483

Parking

  • 3 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Multi-Level Property
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 8 Bedrooms | 2 Main Level Bedrooms

Utilities

  • Central Air

Listing and Financial Details

  • Legal Lot and Block 00026 / 10201
  • Assessor Parcel Number 53597

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,669

Lot Details

0

Listing Details

  • Class: 3-4 FAMILY
  • Type: 3 Family
  • Building Style: Multi-Level
  • Exclusions: Personal Property
  • Section: Journal Square
  • Assessor Parcel Number: 53597
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Type: None
  • Total Bathrooms: 5
  • Total Full Baths: 5
  • Total Bedrooms: 8
  • Total Dining Rooms: 2
  • Total Kitchens: 3
  • Total Living Rooms: 3
  • First Floor Bedrooms: 2
  • First Full Floor Bathrooms: 1
  • Floor1 Kitchen: 1
  • Floor 1 Living Rooms: 1
  • Second Floor Bedrooms: 3
  • Floor 2 Dining Room: 1
  • Floor 2 Full Bathrooms: 2
  • Floor2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Third Floor Bedrooms: 3
  • Floor 3 Dining Rooms: 1
  • Floor 3 Full Bathrooms: 2
  • Floor3 Kitchens: 1
  • Floor 3 Living Rooms: 1
  • Fl1 Rooms: 4
  • Fl2 Rooms: 6
  • Fl3 Rooms: 6

Exterior Features

  • Exterior Finish: Brick

Garage/Parking

  • Parking Available: 3+ Cars

Utilities

  • Heating/Cooling: A/C Central

Lot Info

  • Geo Address Line: 374 Sip Ave
  • Geo Primary City: Jersey City
  • Geo Quality: 0.95
  • Geo Update Timestamp: 02/21/2022
  • Geo Zoom Level: 16
  • Lot: 00026

Tax Info

  • Taxes: 11669

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2022
Closed on
Aug 1, 2022
Sold by
Syed Ishaq and Syed Ruby
Bought by
Bilal Realty Inc
Seller's Agent
Usman Latif
TRIUMPH GROUP REAL ESTATE
Buyer's Agent
Usman Latif
TRIUMPH GROUP REAL ESTATE
List Price
$1,089,000
Sold Price
$990,000
Premium/Discount to List
-$99,000
-9.09%
Current Estimated Value
$1,235,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,057
Avg. Annual Appreciation
5.84%
Original Mortgage
$345,000
Interest Rate
6.94%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 17, 2012
Sold by
Syed Ishaq and Syed Ruby
Bought by
Syed Ishaq

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2009
Sold by
Syed Ishaq and Syed Mohammad
Bought by
Syed Ishaq

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
4.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2007
Sold by
Wise Harold F
Bought by
Syed Mohammad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$617,500
Interest Rate
6.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 28, 2004
Sold by
Clg Sip Associates Llc
Bought by
Malik Munawar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,126
Interest Rate
6.2%
Mortgage Type
Unknown
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
Bilal Realty Inc $990,000 First American Title
Syed Ishaq -- None Available
Syed Ishaq -- --
Syed Mohammad $650,000 None Available
Malik Munawar $472,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bilal Realty Inc $345,000
Previous Owner Syed Ishaq $338,000
Previous Owner Syed Ishaq $356,250
Previous Owner Syed Ishaq $460,000
Previous Owner Syed Mohammad $528,000
Previous Owner Syed Mohammad $66,000
Previous Owner Syed Mohammad $617,500
Previous Owner Wise Harold $455,126
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2022 08/10/22 Sold $990,000 -9.1% --
03/15/2022 03/15/22 Pending -- -- --
02/21/2022 02/21/22 For Sale $1,089,000 -- --
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 $16,245 $727,500 $170,000 $557,500
2024 $16,347 $727,500 $170,000 $557,500
2023 $16,347 $727,500 $170,000 $557,500
2022 $15,408 $727,500 $170,000 $557,500
2021 $11,669 $727,500 $170,000 $557,500
2020 $11,713 $727,500 $170,000 $557,500
2019 $11,204 $727,500 $170,000 $557,500
2018 $2,247 $727,500 $170,000 $557,500
2017 $11,778 $151,000 $25,000 $126,000
2016 $11,629 $151,000 $25,000 $126,000
2015 $11,298 $151,000 $25,000 $126,000
2014 $11,225 $151,000 $25,000 $126,000
Source: Public Records

Agents Affiliated with this Home

  • Usman Latif

    Seller's Agent in 2022

    Usman Latif

    TRIUMPH GROUP REAL ESTATE

    (551) 775-7746

    2 in this area

    9 Total Sales

    Usman Latif
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Map

Source: Hudson County MLS

MLS Number: 220002975

Hudson County MLS

APN: 06-10201-0000-00026

New Jersey Hudson County Jersey City 07306 West Side

374 Sip Ave, Jersey City, NJ

This home is located at 374 Sip Ave, Jersey City, NJ 07306 since 21 February 2022 and is currently estimated at $1,235,057. 374 Sip Ave is a home located in Hudson County with nearby schools including P.S. 23 Mahatma K. Gandhi School, Liberty High School, and Lincoln 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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