NOT LISTED FOR SALE

391 Palisade Ave Unit 502 Jersey City, NJ 07307

The Heights Neighborhood

Estimated Value: $995,000 - $1,360,000

3 Beds
2 Baths
1,670 Sq Ft
$614/mo HOA Fee

Last Sold October 02, 2020

Last sale price $983,000 $589 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $8,247/month

56 Days on Market

Highlights

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

About This Home

As of October 2020

Welcome to Gallery Lofts, a collection of 16 brand new concrete and steel construction one, two, & three bedroom condos in Jersey City Heights.  Unit #502 is a 3 Bedroom, 2 Bath home with a massive 300 sq. ft. roof deck that overlooks Manhattan. Located on prime 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.  Most homes here come with parking so you’ll never have to look for parking again!  With a thoughtful approach to design, Gallery Lofts has an air of sophistication and elegance not often seen in new construction. Each unit is outfitted with timeless selections that have a touch of European Flair: Bertazzoni appliances, porcelain slab countertops, Imported porcelain tile, Mittel Cucine cabinets imported from Italy, Kohler fixtures.  Contact us to schedule a private tour of this building today!

Last Agent to Sell the Property

Darden Moorefield

KELLER WILLIAMS CITY LIFE REALTY License #1324878 Listed on: 06/26/2020

KELLER WILLIAMS CITY LIFE REALTY

Last Buyer's Agent

Rachelle Migdal

WEICHERT REALTORS License #0562102

WEICHERT REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,435

Lot Details

  • 7,492

HOA Fees

  • $614 Monthly HOA Fees

Parking

  • 1 Car Garage

Property Views

  • River
  • New York

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,670 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

  • 3 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 90359

Community Details

Overview

  • Association fees include water
  • Gallery Lofts Condos

Amenities

  • Elevator

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,435

Lot Details

0

HOA Fees

$614 per month

Listing Details

  • Class: CONDO-COOP
  • Type: Condominium
  • Building Style: Multi-Level
  • Exclusions: Personal Property
  • Inclusions: All major appliances, fixtures
  • Miscellaneous: New York View, River View, Near Train, Near Shopping, Near Bus, Near Parks, Near Schools
  • Section: Heights
  • Assessor Parcel Number: 90359
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Floor Number: 5
  • Appliances Included: Dishwasher, Microwave, Refrigerator, Washer/Dryer, Oven/Range Gas
  • Total Bathrooms: 2
  • Total Full Bathrooms: 2
  • Bedrooms: 3
  • Total Rooms: 8
  • Total Number Dining Rooms: 1
  • Total Number Kitchens: 1
  • Total Number Living Rooms: 1
  • Level 1 Number Bedrooms: 3
  • Level 1 Number Dining Rooms: 1
  • Level 1 Full Bathrooms: 2
  • Level1 Number Kitchens: 1
  • Level 1 Number Living Rooms: 1
  • Level1 Number Other: 2
  • Estimated Sq Ft: 1670
  • Price Per Sq Ft: 588.62

Exterior Features

  • Exterior Finish: Brick

Garage/Parking

  • Parking Available: 1 Car, Garage

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: 614

Lot Info

  • Geo Address Line: 391 Palisade Ave
  • Geo Primary City: Jersey City
  • Geo Quality: 0.95
  • Geo Update Timestamp: 06/26/2020
  • Geo Zoom Level: 16
  • Lot: 24.01

Rental Info

  • Pets: Y

Multi Family

  • Total Number Other: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2020
Closed on
Oct 2, 2020
Sold by
Continental Palisade Llc
Bought by
Schneider Steven and Schneider Roberta
Seller's Agent
Darden Moorefield
KELLER WILLIAMS CITY LIFE REALTY
Buyer's Agent
Rachelle Migdal
WEICHERT REALTORS
List Price
$999,000
Sold Price
$983,000
Premium/Discount to List
-$16,000
-1.6%
Current Estimated Value
$1,174,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,419
Avg. Annual Appreciation
2.81%
Original Mortgage
$786,400
Outstanding Balance
$702,538
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$421,816
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
Schneider Steven $983,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schneider Steven $786,400
Closed Schneider Steven $786,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2020 10/02/20 Sold $983,000 -1.6% $589 / Sq Ft
08/21/2020 08/21/20 Pending -- -- --
06/26/2020 06/26/20 For Sale $999,000 -- $598 / 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 $14,435 $642,400 $124,800 $739,400
2023 $14,435 $642,400 $0 $0
2022 $13,606 $642,400 $0 $0
2021 $10,304 $642,400 $0 $0
2020 $5,144 $319,500 $124,800 $194,700
Source: Public Records

Agents Affiliated with this Home

  • Darden Moorefield

    Seller's Agent in 2020

    Darden Moorefield

    KELLER WILLIAMS CITY LIFE REALTY

    (201) 680-0559

    27 in this area

    193 Total Sales

    Section Image
  • Rachelle Migdal

    Buyer's Agent in 2020

    Rachelle Migdal

    Weichert Corporate

    (646) 528-0189

    4 in this area

    52 Total Sales

    Section Image
See All Agents

Map

Source: Hudson County MLS

MLS Number: 202012107

Hudson County MLS

APN: 06-03901-0000-00024

New Jersey Hudson County Jersey City 07307 The Heights

391 Palisade Ave Unit 502, Jersey City, NJ

This home is located at 391 Palisade Ave Unit 502, Jersey City, NJ 07307 since 26 June 2020 and is currently estimated at $1,160,456, approximately $694 per square foot. 391 Palisade Ave Unit 502 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.

Nearby Homes