NOT LISTED FOR SALE

391 Palisade Ave Unit 204 Jersey City, NJ 07307

The Heights Neighborhood

Estimated Value: $797,000 - $1,009,000

2 Beds
2 Baths
1,231 Sq Ft
$398/mo HOA Fee

Last Sold April 28, 2021

Last sale price $625,000 $508 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $5,817/month

118 Days on Market

Highlights

  • Property is near a park
  • Wood Flooring
  • Elevator
  • Dr Ronald McNair High School Rated A+
  • Terrace
  • 5-minute walk to Riverview-Fisk Park

About This Home

As of April 2021

Perched above bustling Palisade Avenue and overlooking the city, Gallery Lofts is perfectly situated footsteps away from local shops, restaurants, cafes, parks and all the conveniences of a vibrant neighborhood. All this while still having easy access to the city via public transit or car. With a thoughtful approach to design, Gallery Lofts has an air of sophistication and elegance not seen in new construction these days. Each unit is outfitted with timeless selections that have a touch of European Flair.Bertazzoni appliances, porcelain countertops, Imported porcelain tile, Mittel Cucine cabinets, Kohler fixtures; that’s just the start of a long list of materials used on this project.

Last Agent to Sell the Property

Darden Moorefield

KELLER WILLIAMS CITY LIFE REALTY License #1324878 Listed on: 11/18/2020

KELLER WILLIAMS CITY LIFE REALTY

Last Buyer's Agent

Bruno Mele

LIBERTY REALTY LLC License #1645773

LIBERTY REALTY LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,671

Lot Details

  • 7,492

HOA Fees

  • $398 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,231 Sq Ft Home
  • Multi-Level Property
  • Living Room
  • Dining Room
  • Wood Flooring
  • Intercom
  • Washer and Dryer

Kitchen

  • Gas 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

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Legal Lot and Block 24.01 / 3901
  • Assessor Parcel Number 90349

Community Details

Overview

  • Association fees include water
  • Gallery Lofts Condos

Amenities

  • Elevator

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,671

Lot Details

0

HOA Fees

$398 per month

Listing Details

  • Class: CONDO-COOP
  • Type: Condominium
  • Building Style: Multi-Level
  • Exclusions: Personal Property
  • Inclusions: All major appliances, fixtures.
  • Miscellaneous: Near Train, Near Shopping, Near Bus, Near Parks, Near Schools, Near Path
  • Section: Heights
  • Assessor Parcel Number: 90349
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Floor Number: 2
  • Appliances Included: Dishwasher, Microwave, Refrigerator, Washer/Dryer, Oven/Range Gas
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Bedrooms: 2
  • Total Rooms: 5
  • Total Number Dining Rooms: 1
  • Total Number Kitchens: 1
  • Total Number Living Rooms: 1
  • Level 1 Number Bedrooms: 2
  • Level 1 Number Dining Rooms: 1
  • Level 1 Full Bathrooms: 2
  • Level1 Number Kitchens: 1
  • Level 1 Number Living Rooms: 1
  • Estimated Sq Ft: 1231
  • Price Per Sq Ft: 507.72

Exterior Features

  • Exterior Finish: Brick

Utilities

  • Heating/Cooling: A/C Central, Gas

Association/Amenities

  • Amenities Included: Intercom, Terrace, Hardwood Floor

Condo/Co-op/Association

  • Common Amenities: Elevator
  • Complex Name: Gallery Lofts
  • Maintenance Fee Includes: Water

Fee Information

  • Monthly Maintenance Fee: 398

Lot Info

  • Geo Address Line: 391 Palisade Ave
  • Geo Primary City: Jersey City
  • Geo Quality: 0.95
  • Geo Update Timestamp: 11/18/2020
  • Geo Zoom Level: 16
  • Lot: 24.01

Rental Info

  • Pets: Y

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2020
Closed on
Apr 16, 2021
Sold by
Continental Palisade Llc
Bought by
Moorthy Arabi Bhairava
Seller's Agent
Darden Moorefield
KELLER WILLIAMS CITY LIFE REALTY
Buyer's Agent
Bruno Mele
LIBERTY REALTY LLC
List Price
$625,000
Sold Price
$625,000
Current Estimated Value
$842,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,464
Avg. Annual Appreciation
7.55%
Original Mortgage
$500,000
Outstanding Balance
$456,958
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$396,409
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
Moorthy Arabi Bhairava $625,000 Westcor Land Title Ins Co
Moorthy Arabi Bhairava $625,000 Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moorthy Arabi Bhairava $500,000
Previous Owner Moorthy Arabi Bhairava $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2021 04/28/21 Sold $625,000 0.0% $508 / Sq Ft
03/16/2021 03/16/21 Pending -- -- --
11/18/2020 11/18/20 For Sale $625,000 -- $508 / 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
2024 $9,671 $430,400 $80,800 $499,400
2023 $9,671 $430,400 $0 $0
2022 $9,116 $430,400 $0 $0
2021 $6,904 $430,400 $0 $0
2020 $3,331 $206,900 $80,800 $126,100
Source: Public Records

Agents Affiliated with this Home

  • Darden Moorefield

    Seller's Agent in 2021

    Darden Moorefield

    KELLER WILLIAMS CITY LIFE REALTY

    (201) 680-0559

    27 in this area

    193 Total Sales

    Section Image
  • Bruno Mele

    Buyer's Agent in 2021

    Bruno Mele

    LIBERTY REALTY LLC

    (862) 368-7298

    20 in this area

    93 Total Sales

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Map

Source: Hudson County MLS

MLS Number: 202026555

Hudson County MLS

APN: 06-03901-0000-00024

New Jersey Hudson County Jersey City 07307 The Heights

391 Palisade Ave Unit 204, Jersey City, NJ

This home is located at 391 Palisade Ave Unit 204, Jersey City, NJ 07307 since 18 November 2020 and is currently estimated at $868,355, approximately $705 per square foot. 391 Palisade Ave Unit 204 is a home located in Hudson County with nearby schools including Charles E. Trefurt School, William L. Dickinson High School, and Dr Ronald McNair 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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