NOT LISTED FOR SALE

Estimated Value: $927,000 - $1,100,000

8 Beds
5 Baths
-- Sq Ft
2,526 Sq Ft Lot

Last Sold October 20, 2022

Last sale price $829,000

Est. 23% increase in value since last sale

Current estimated payment $6,588/month

15 Days on Market

Highlights

  • Colonial Architecture
  • Living Room
  • Dining Room
  • Liberty High School Rated A-
  • Central Air
  • Heating System Uses Gas

About This Home

As of October 2022

If you’re looking for a premium asset + dream home in one, this multifamily home is the ONE you’ve been searching for! This 3,600 sq foot brick 2- family built in 2006 boasts 8 bedrooms, 5 full bathrooms, and features central air, hardwood floors, stainless steel appliances, two private terraces, 1 car garage, 2 car-width driveway, and a beautiful enclosed back yard. Two private in-unit laundry rooms are an added bonus. Major renovation year 2019 - gutted and renovated entire building from ground up. Upgraded and decked out all kitchens and bathrooms, electric, plumbing, + installed brand new HVAC systems (2 furnaces for forced heat + 2 AC condenser units for central air). This property has been professionally maintained, including routine HVAC preventative maintenance 2x per year + plumbing 1x /year (snake and clean all drains). As a homeowner, move right in to this turn-key property and reap the benefits of supplemental cash flow from Day 1. Have most, if not all, of your mortgage payment paid for. As an investor, have the option of a fully occupied, income-generating multifamily property at a generous cap rate in a prime location with qualified, solid tenants at market rents. Sounds like a dream? That’s because it is one! Other amenities include a wifi-enabled garage door controllable via smartphone app, wireless “Ring” front door bell, vaulted ceilings, skylights, plenty of closet space, and tons of natural sunlight. Units 1 + 2 are 3bed/2bath, 1,400 sf each. Bonus ground fl has 2 additional bedrooms, can be used as a duplex with the first floor unit, 800 sf. A must see! Located on the border of Bergen Lafayette and McGinley Square, this home is located just steps away from NJ Transit bus route #119 (directly to Port Authority), bus route #10 (minutes to Journal Square Path Station). Light rail is also a quick 10 min stroll away. Close-by is Berry Lane Park, Lincoln Park, Communipaw Ave s famous Restaurant Row, West Side Avenue shops and supermarkets, Stadium Plaza, and Hudson Mall.

Last Agent to Sell the Property

SHARON ROBINSON

SILVER AND OAK REALTY, LLC License #1865208 Listed on: 07/27/2022

Last Buyer's Agent

SHARON ROBINSON

SILVER AND OAK REALTY, LLC License #1865208 Listed on: 07/27/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,122

Lot Details

  • Lot Dimensions are 25.15 x 100.67

Parking

  • 3 Parking Spaces

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 8 Bedrooms | 2 Main Level Bedrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Central Air
  • Heating System Uses Gas

Community Details

  • Insurance Expense $2,200
  • Water Sewer Expense $1,936

Listing and Financial Details

  • Exclusions: All personal property
  • Legal Lot and Block 35 / 19402
  • Assessor Parcel Number 40173

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,122

Lot Details

2,526 Sq Ft Lot

Listing Details

  • Class: 2 FAMILY
  • Type: 2 Family
  • Building Style: Colonial
  • Exclusions: All personal property
  • Inclusions: All major appliances, including 2 washers + 2 dryers
  • Section: Bergen-Lafayette
  • Assessor Parcel Number: 40173
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Full Baths: 5
  • Total Bedrooms: 8
  • Basement: Finished, Full, Walk-Out
  • Total Living Rooms: 3
  • First Floor Bedrooms: 2
  • Floor 1 Dining Rooms: 1
  • First Full Floor Bathrooms: 1
  • Floor 1 Living Rooms: 1
  • Floor 2 Dining Room: 1
  • Floor 2 Full Bathrooms: 2
  • Floor2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Floor 2 Rent: 2400*
  • Third Floor Bedrooms: 3
  • Floor 3 Dining Rooms: 1
  • Floor 3 Full Bathrooms: 2
  • Floor3 Kitchens: 1
  • Floor 3 Living Rooms: 1

Exterior Features

  • Exterior Finish: Brick

Garage/Parking

  • Parking Available: 3+ Cars

Utilities

  • Heating/Cooling: A/C Central, Hot Air, Gas

Fee Information

  • Insurance Expense: 2200
  • Water Sewer Expenses: 1936

Lot Info

  • Geo Address Line: 422 Bergen Ave
  • Geo Primary City: Jersey City
  • Geo Quality: 0.95
  • Lot: 35
  • Lot Size: 25.15 X 100.67

Tax Info

  • Year: 2022
  • Taxes: 8122

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2022
Closed on
Oct 4, 2022
Sold by
Cataldo Leah
Bought by
Pasaoa Rom Nathan A and Pasaoa Justine Rose
Seller's Agent
SHARON ROBINSON
SILVER AND OAK REALTY, LLC
Buyer's Agent
SHARON ROBINSON
SILVER AND OAK REALTY, LLC
List Price
$829,000
Sold Price
$829,000
Views
8
Current Estimated Value
$1,021,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,569
Avg. Annual Appreciation
6.32%
Original Mortgage
$663,200
Outstanding Balance
$640,495
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
$381,074

Purchase Details

Listed on
Mar 29, 2019
Closed on
Mar 20, 2019
Sold by
422 Bergen Jcnj Llc
Bought by
Cataldo Leah
Seller's Agent
SHARON ROBINSON
SILVER AND OAK REALTY, LLC
Buyer's Agent
SHARON ROBINSON
SILVER AND OAK REALTY, LLC
Sold Price
$2,345

Purchase Details

Closed on
Nov 21, 2016
Sold by
Singh Hemraj
Bought by
Phelan Hallinan Diamond & Jones Pc and 422 Bergen Jcnj Llc

Purchase Details

Closed on
Jun 8, 2006
Sold by
Persaud Harry C
Bought by
Singh Hemraj

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,750
Interest Rate
6.59%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 22, 2005
Sold by
Webb Delorice
Bought by
Persaud Harry C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
5.81%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Pasaoa Rom Nathan A $829,000 --
Cataldo Leah $653,000 Westcor Land Title Ins Co
Phelan Hallinan Diamond & Jones Pc $305,000 None Available
Singh Hemraj $545,000 Vested Title Inc
Persaud Harry C $390,000 Vested Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pasaoa Rom Nathan A $663,200
Previous Owner Singh Hemraj $94,750
Previous Owner Singh Hemraj $417,000
Previous Owner Persaud Harry C $312,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2022 10/20/22 Sold $829,000 0.0% --
08/11/2022 08/11/22 Pending -- -- --
07/27/2022 07/27/22 For Sale $829,000 0.0% --
04/01/2019 04/01/19 Rented $2,345 0.0% --
04/01/2019 04/01/19 Under Contract -- -- --
03/29/2019 03/29/19 For Rent $2,345 -- --
Source: Hudson County MLS

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 $15,267 $683,700 $89,100 $594,600
2024 $9,662 $683,700 $89,100 $594,600
2023 $9,662 $430,000 $89,100 $340,900
2022 $9,107 $430,000 $89,100 $340,900
2021 $6,897 $430,000 $89,100 $340,900
2020 $6,923 $430,000 $89,100 $340,900
2019 $6,622 $430,000 $89,100 $340,900
2018 $1,667 $430,000 $89,100 $340,900
2017 $10,897 $139,700 $26,000 $113,700
2016 $10,758 $139,700 $26,000 $113,700
2015 $10,452 $139,700 $26,000 $113,700
2014 $10,385 $139,700 $26,000 $113,700
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Hudson County MLS

MLS Number: 220013600

Hudson County MLS

APN: 06-19402-0000-00035

Your Personal Tour Guide

Ask me questions while you tour the home.