$1,600,000
SOLD OCT 18, 2023
7 Beds
4 Baths
-- Sq Ft
1,307 Sq Ft Lot

Recently Sold

7% Above List Price

17 Days on Market

Highlights

  • Living Room
  • Dining Room
  • 5-minute walk to Enos Jones Park
  • Dr Ronald McNair High School Rated A+
  • Baseboard Heating

About This Home

As of October 2023

Turnkey Investment property!! Look no further for Your Next Great Investment Opportunity! 4 Unit Multi-family home in historic Downtown Jersey City boasts endless possibilities. Live in 1 Unit while renting out the others, or rent out all 4 for Maximum Gain! All Units offer Hardwood and Ceramic Tile flooring throughout and are well maintained. Unit 1 holds a spacious Living/Dining Combo, Kitchen with ceramic tile backsplash, 1 sizable Bedroom, & 1 Updated Full Bath. Units 2-4 hold a Large light & bright Living Room, Eat-in Kitchen with ceramic tile backsplash, 2 generous Bedrooms, and 1 Updated Full Bath. All separate Utilities. Fenced in yard for your privacy. Live in the heart of Downtown Jersey City. This conveniently situated property is a few short blocks to Grove PATH, buses, and Light Rail. Enjoy the many eateries and shops nearby. Take in the fantastic views of the waterfront. Don't wait, come and see for yourself! This one won't last!! **Showings to Begin Sunday, 7/9/23**

Last Agent to Sell the Property

Robert Dekanski

REMAX 1ST ADVANTAGE License #0232901 Listed on: 07/09/2023

REMAX 1ST ADVANTAGE

Last Buyer's Agent

Steven Schulman

COMPASS License #2185259

COMPASS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,911

Home Design

  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • Multi-Level Property
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 7 Bedrooms | 1 Main Level Bedroom

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Exclusions: Personal Belongings
  • Legal Lot and Block 00043 / 11201
  • Assessor Parcel Number 4933

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,911

Lot Details

0

Listing Details

  • Class: 3-4 FAMILY
  • Type: 4 Family
  • Building Style: Multi-Level
  • Exclusions: Personal Belongings
  • Inclusions: Gas Range Oven, Dishwasher, Microwave, Refrigerator.
  • Lead Paint Form: Yes
  • Section: Downtown
  • Assessor Parcel Number: 4933
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Type: None
  • Total Bathrooms: 4
  • Total Full Baths: 4
  • Total Bedrooms: 7
  • Total Dining Rooms: 4
  • Total Kitchens: 4
  • Total Living Rooms: 4
  • First Floor Bedrooms: 1
  • Floor 1 Dining Rooms: 1
  • First Full Floor Bathrooms: 1
  • Floor1 Kitchen: 1
  • Floor 1 Living Rooms: 1
  • Floor 1 Rent: 1600
  • Second Floor Bedrooms: 2
  • Floor 2 Dining Room: 1
  • Floor 2 Full Bathrooms: 1
  • Floor2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Floor 2 Rent: 1800
  • Third Floor Bedrooms: 2
  • Floor 3 Dining Rooms: 1
  • Floor 3 Full Bathrooms: 1
  • Floor3 Kitchens: 1
  • Floor 3 Living Rooms: 1
  • Fourth Floor Bedrooms: 2
  • Floor 4 Dining Rooms: 1
  • Floor 4 Full Bathrooms: 1
  • Floor4 Kitchens: 1
  • Floor 4 Living Rooms: 1
  • Floor 4 Rent: 1700
  • Floor 4 Total Bathrooms: 1
  • Fl1 Rooms: 4
  • Fl2 Rooms: 5
  • Fl3 Rooms: 5
  • Fl4 Rooms: 5

Exterior Features

  • Exterior Finish: Aluminum/Vinyl, Brick

Garage/Parking

  • Parking Available: None

Utilities

  • Heating/Cooling: Baseboard, Gas, Hot Water

Lot Info

  • Geo Address Line: 462 Monmouth St
  • Geo Primary City: Jersey City
  • Geo Quality: 0.95
  • Geo Update Timestamp: 07/07/2023
  • Geo Zoom Level: 16
  • Lot: 00043

Tax Info

  • Year: 2021
  • Taxes: 21911

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2023
Closed on
Oct 11, 2023
Sold by
Herrera William
Bought by
Knittle Christopher
Seller's Agent
Robert Dekanski
REMAX 1ST ADVANTAGE
Buyer's Agent
Steven Schulman
COMPASS
List Price
$1,499,999
Sold Price
$1,600,000
Premium/Discount to List
$100,001
6.67%
Current Estimated Value
$1,891,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,000
Avg. Annual Appreciation
3.25%
Original Mortgage
$1,499,999
Interest Rate
7.19%
Mortgage Type
VA

Purchase Details

Closed on
Mar 10, 2004
Sold by
Herrera William and Herrera Edwin
Bought by
Herrera William
Source: Public Records

Similar Homes in Jersey City, NJ

  • 82 Prospect St, Jersey City, NJ 07307

    $1,590,000

    • 10 Beds
    • 5 Baths
    • 82 Prospect St
    • Jersey City, NJ

    Welcome to 82 Prospect Street, a captivating 4-family home nestled in the desirable Jersey City Heights neighborhood. This rare gem invites you to explore its endless opportunities and exquisite details. Boasting a picturesque wrap-around porch, this charming residence offers an ideal space for relaxation and outdoor enjoyment. The property features a convenient driveway, a serene backyard

    Amanda Ng COLDWELL BANKER REALTY

    Section Image
  • 316 3rd St, Jersey City, NJ 07302

    $1,599,000

    • 6 Beds
    • 3 Baths
    • 316 3rd St
    • Jersey City, NJ

    Welcome to a winning candidate for remodeling, renovation, and/or restoration. Each of the three legal apartments in this multifamily have 2 bedrooms, and the building is located in a very desirable section of Downtown; just off the beaten path of Newark Ave, and a stone's toss from cafes, bars, restaurants, shopping and transportation. Create a dream home or realize a solid income stream in a

    JOSHUA TEDESCHI CORCORAN SAWYER SMITH

    Section Image
  • 330 2nd St, Jersey City, NJ 07302

    $1,795,000

    • 9 Beds
    • 5 Baths
    • 330 2nd St
    • Jersey City, NJ

    Welcome to this four-family residence located in the Downtown neighborhood of Jersey City. Unit 1 features three bedrooms, two bathrooms, a living room, and kitchen/dining room. Unit 2 features two bedrooms, one bathroom, and an open-layout living room and kitchen. Units 3 and 4 each features two bedrooms, one bathroom, a living room, and a kitchen. Units 1, 3 and 4 are currently generating

    Patrick Southern SERHANT NEW JERSEY LLC

    Section Image
  • 385 1st St, Jersey City, NJ 07302

    $1,595,000

    • 6 Beds
    • 5 Baths
    • 385 1st St
    • Jersey City, NJ

    Welcome to this two-family residence located in a prime location in Downtown Jersey City, across the street from Village Park, offering deluxe amenities throughout. As you enter Unit 1, you are greeted with a spacious living room leading to an open kitchen with a breakfast bar and steel appliances, including a gas range, refrigerator, and dishwasher. Past the kitchen, discover a bedroom with a

    Patrick Southern SERHANT NEW JERSEY LLC

    Section Image
  • 218 1st St, Jersey City, NJ 07302

    $1,600,000

    • 8 Beds
    • 3 Baths
    • 218 1st St
    • Jersey City, NJ

    Excellent investment opportunity. 3-Family in the heart of Downtown Jersey City. Just a couple of blocks from Grove St. Path Station. Great for development or owner-occupied. Very bright rooms. Sits on 25 x 100 lot. . It won't last. Call for a private showing.

    Medhat Dewaik COLDWELL BANKER REALTY

    Section Image
  • 216 1st St, Jersey City, NJ 07302

    $1,600,000

    • 6 Beds
    • 4 Baths
    • 216 1st St
    • Jersey City, NJ

    This semi-detached 3-family with bonus unit presents a fantastic investment opportunity in the heart of vibrant Downtown Jersey City, just a stone's throw from the Grove Street PATH train, shops and restaurants. The property is situated on a 25x100 lot, offering space and functionality. Each of the three units features two bedrooms and one bathroom, making them ideal for a range of tenants. All

    Colleen Leonard COLDWELL BANKER REALTY

    Section Image
  • 23 Concord St, Jersey City, NJ 07306

    $1,475,000

    • 9 Beds
    • 6 Baths
    • 23 Concord St
    • Jersey City, NJ

    Elegantly reimagined, this meticulously updated two-family townhouse is quietly nestled on a tree-lined street just moments from Journal Square. A classic brick facade with bold black trim exudes timeless character and architectural presence. The owner’s duplex offers a distinguished four-bedroom, two-and-a-half-bath layout that opens to a private, landscaped backyard, complete with a detached

    Jill Biggs COLDWELL BANKER REALTY

    Section Image
  • 7 Vine St, Jersey City, NJ 07306

    $1,399,999

    • 9 Beds
    • 5 Baths
    • 7 Vine St
    • Jersey City, NJ

    The wait is over! Welcome to 7 Vine Street—a beautifully well maintained two-family home in the highly desirable Jersey City Journal Square neighborhood. This stunning brick-front property, built in 2001, offers a perfect blend of timeless charm and modern upgrades, ideal for both homeowners and savvy investors. Bathed in natural light, this home features an open floor plan with newer paint,

    Amim Butt PREMIER PARTNERS LLC

    Section Image
  • 551 Pavonia Ave Unit 1 &2, Jersey City, NJ 07306

    $1,500,000

    • 6 Beds
    • 2 Baths
    • 551 Pavonia Ave
    • Unit 1 &2
    • Jersey City, NJ

    Located just blocks from the Journal Square PATH, this well-maintained two-family home offers excellent value and versatility. Each unit features a spacious 3-bedroom, 1-bath layout with great natural light and comfortable living space. Sitting on a 25x100 lot, the property includes a private backyard, perfect for relaxing or entertaining, and rare 2-car parking—a major plus in this

    Cindy Whalen HUDSON DIGS REALTY LLC

    Section Image

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 Type Sale Price Title Company
Executors Deed $1,600,000 Land Title
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,470,610 VA
Closed $1,499,999 VA
Previous Owner $386,000 New Conventional
Previous Owner $303,656 Unknown
Previous Owner $176,600 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2023 10/18/23 Sold $1,600,000 +6.7% --
07/26/2023 07/26/23 Pending -- -- --
07/09/2023 07/09/23 For Sale $1,499,999 -- --
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 $30,694 $1,024,500 $450,900 $573,600
2023 $30,694 $1,366,000 $601,200 $764,800
2022 $28,932 $1,366,000 $601,200 $764,800
2021 $21,911 $1,366,000 $601,200 $764,800
2020 $21,993 $1,366,000 $601,200 $764,800
2019 $21,036 $1,366,000 $601,200 $764,800
2018 $1,339 $1,366,000 $601,200 $764,800
2017 $7,020 $90,000 $7,400 $82,600
2016 $6,931 $90,000 $7,400 $82,600
2015 $6,734 $90,000 $7,400 $82,600
2014 $6,691 $90,000 $7,400 $82,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Hudson County MLS

MLS Number: 230011313

Hudson County MLS

APN: 06-11201-0000-00043