$700,000
SOLD DEC 4, 2024

481 Mercer St Jersey City, NJ 07306

Downtown Jersey City Neighborhood
-- Bed
-- Bath
1,972 Sq Ft
1,333 Sq Ft Lot

Recently Sold

$355 Per Sq Ft

22% Below List Price

133 Days on Market

Highlights

  • Patio
  • Outdoor Storage
  • Storm Doors
  • Liberty High School Rated A-
  • Private Entrance
  • 4-minute walk to Miralla Triangle

About This Home

As of December 2024

*Excellent Investment Opportunity* in this sprawling 3 Family home in sought after Jersey City! Boasting 3 separate units and levels of finished living, this is a great rental property to add to your portfolio for easy extra income. Unit 1 offers 1 Bedroom, 1 Full Bath, Eat-in-Kitchen and Living room. Units 2 and 3 each offer 2 Bedrooms, 1 Full Bath, Eat-in-Kitchens and Living rooms. Separate entrances, separate utilities, and a private fenced-in backyard/patio, too! All in a prime commuter location, just steps to the bus line, the PATH to NYC, shopping, dining, St. Peter's University and more! Don't miss out! Opportunity is knocking!

Last Agent to Sell the Property

Robert Dekanski

RE/MAX 1st ADVANTAGE

RE/MAX 1st ADVANTAGE

Co-Listed By

STEPHEN SANTURRO

RE/MAX 1st ADVANTAGE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,533

Year Built

  • Built in 1905

Lot Details

  • 1,333 Sq Ft Lot
  • Lot Dimensions are 80.00 x 0.00
  • Private Entrance
  • Fenced
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Asphalt Roof

Interior Spaces

  • 1,972 Sq Ft Home
  • 3-Story Property
  • Oven or Range

Home Security

  • Storm Screens
  • Storm Doors

Outdoor Features

  • Patio
  • Outdoor Storage

Utilities

  • Radiator
  • Hot Water Baseboard Heater
  • Gas Water Heater

Community Details

  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters

Listing and Financial Details

  • The owner pays for unit 1 owner pays(water), unit 2 owner pays(water), unit 3 owner pays(water)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,533

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Sub Type: 3 Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0306
  • Lot Size: 80.00 x 0.00
  • Co List Office Mls Id: RFIR03
  • Ownership: Fee Simple
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 3
  • Year Built: 1905
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Water Heater(Gas), Water Heater, Unit 1(Range/Oven), Unit 2(Range/Oven), Unit 3(Range/Oven)
  • Owner Pays: Unit 1 Owner Pays(Water), Unit 2 Owner Pays(Water), Unit 3 Owner Pays(Water)
  • Interior Amenities: Unit 1(1 Bedroom,Kitchen,1 Bath,Living Room), Unit 2(2 Bedrooms,Kitchen,1 Bath,Living Room), Unit 3(2 Bedrooms,Kitchen,1 Bath,Living Room)
  • Living Area: 1972
  • Stories: 3
  • Window Features: Screen/Storm Window, Screens/Storms

Exterior Features

  • Fencing: Fencing/Wall
  • Lot Features: Level
  • Exterior Features: Patio, Curbs, Screen/Storm Window, Door(s)-Storm/Screen, Sidewalk, Fencing/Wall, Semi-Private Entry, Screens/Storms, Storage Area-Private
  • Patio And Porch Features: Patio
  • Roof: Asphalt

Garage/Parking

  • Parking Features: On Street

Utilities

  • Gas Company: Natural Gas
  • Cooling: A/C Wall Unit(s),A/C Window Unit(s)
  • Heating: Baseboard Hotwater, Radiators-Hot Water
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Size Sq Ft: 1333
  • Zoning: R-2

Tax Info

  • Tax Annual Amount: 9533
  • Tax Year: 2023

Multi Family

  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2024
Closed on
Nov 27, 2024
Sold by
Roe Madilyn
Bought by
Davis Kate
Seller's Agent
Robert Dekanski
RE/MAX 1st ADVANTAGE
List Price
$899,000
Sold Price
$700,000
Premium/Discount to List
-$199,000
-22.14%
Total Days on Market
133
Views
62
Current Estimated Value
$720,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,490
Avg. Annual Appreciation
6.19%
Original Mortgage
$630,000
Outstanding Balance
$627,799
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$92,691

Map

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 Type Sale Price Title Company
Bargain Sale Deed $700,000 Old Republic National Title
Bargain Sale Deed $700,000 Old Republic National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $630,000 New Conventional
Previous Owner $544,185 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $195,000 Unknown
Previous Owner $170,000 Unknown
Previous Owner $139,000 Unknown
Previous Owner $116,000 Fannie Mae Freddie Mac
Previous Owner $6,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2024 12/04/24 Sold $700,000 -5.3% $355 / Sq Ft
09/03/2024 09/03/24 Price Changed $739,000 -4.6% $375 / Sq Ft
07/11/2024 07/11/24 Price Changed $775,000 -6.1% $393 / Sq Ft
06/27/2024 06/27/24 Price Changed $825,000 -8.2% $418 / Sq Ft
06/04/2024 06/04/24 For Sale $899,000 -- $456 / Sq Ft
Source: All Jersey 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
2024 $10,114 $450,100 $228,000 $222,100
2023 $10,114 $450,100 $228,000 $222,100
2022 $9,533 $450,100 $228,000 $222,100
2021 $7,220 $450,100 $228,000 $222,100
2020 $7,247 $450,100 $228,000 $222,100
2019 $6,932 $450,100 $228,000 $222,100
2018 $1,412 $450,100 $228,000 $222,100
2017 $7,402 $94,900 $8,800 $86,100
2016 $7,308 $94,900 $8,800 $86,100
2015 $7,100 $94,900 $8,800 $86,100
2014 $7,055 $94,900 $8,800 $86,100
Source: Public Records

Source: All Jersey MLS

MLS Number: 2412824R

All Jersey MLS

APN: 06-13502-0000-00007

New Jersey Hudson County Jersey City 07302 Downtown Jersey City

481 Mercer St, Jersey City, NJ

Homes for Sale in Jersey City, NJ

This home is located at 481 Mercer St, Jersey City, NJ 07306 and is currently priced at $700,000, approximately $354 per square foot. This property was built in 1905. 481 Mercer St is a home located in Hudson County with nearby schools including Martin Luther King Jr. School - P.S. 11, Lincoln High School, and Liberty High School.

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