NOT LISTED FOR SALE

489 Mercer St Jersey City, NJ 07306

Downtown Jersey City Neighborhood

Estimated Value: $1,222,000 - $1,327,000

6 Beds
5 Baths
-- Sq Ft
1,568 Sq Ft Lot

Last Sold July 22, 2022

Last sale price $1,160,000

Est. 11% increase in value since last sale

Current estimated payment $8,444/month

34 Days on Market

Highlights

  • Contemporary Architecture
  • Living Room
  • 4-minute walk to Miralla Triangle
  • Liberty High School Rated A-
  • Central Air

About This Home

As of July 2022

Fully renovated and custom built in 2017, this beautifully modernized 2 Family home is situated in the prime location of Journal Square with a 10-minute walk to JSQ Path. The Owners duplex boasts 4 bedrooms, 3 full baths, and 2 roof decks with partial NYC views. The First Primary bedroom features a large walk-in closet, private balcony, an en-suite bathroom with double vanity, and a dual shower head to complete this luxe space. The second primary bedroom is expansive with 11” Ft ceilings, beautifully detailed with exposed wooden beams, large windows allowing for endless sunlight, and an en-suite bathroom to complete this dreamy bedroom. Enter your open living room and lofty kitchen for perfect entertaining, fully equipped with smart appliances, gorgeous granite countertops, an oversized Island, and semi-custom 42” cabinets. Finally, an established income-generating garden apartment is generous in size with 784 Sq. Ft, 2 bedrooms, 2 full baths, ample storage, and a private backyard. The perfect home can be used as an In-law suite or continue to generate substantial rental income. Both homes are fully equipped with Nest-controlled Central AC, washer/dryer in each unit, 5 ¼ Oak hardwood floors, separate tankless hot water, separate electrical, and security cameras front and back. This location is prime, being within close proximity to McGinley Square, known for its restaurants, Bergen Avenue with essential shops and vibrant community, and beautiful Lincoln Park. Journal Square offers excellent investment in a great neighborhood.

Last Agent to Sell the Property

Selina Vargas

CORCORAN SAWYER SMITH License #1863979 Listed on: 04/20/2022

CORCORAN SAWYER SMITH

Co-Listed By

TIMOTHY SMITH

CORCORAN SAWYER SMITH License #1110140

Last Buyer's Agent

Richard Woodhull

BROWN HARRIS STEVENS NEW JERSEY License #1859721

BROWN HARRIS STEVENS NEW JERSEY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,674

Lot Details

  • 1,568

Home Design

  • Contemporary Architecture
  • Aluminum Siding

Bedrooms and Bathrooms

  • 6 Bedrooms | 2 Main Level Bedrooms

Utilities

  • Central Air
  • Heat Pump System

Additional Features

  • Living Room
  • Lot Dimensions are 16x98

Listing and Financial Details

  • Exclusions: All personal property
  • Legal Lot and Block 00003 / 13502
  • Assessor Parcel Number 37979

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,674

Lot Details

0

Listing Details

  • Class: 2 FAMILY
  • Type: 2 Family
  • Building Style: Contemporary, Townhouse
  • Exclusions: All personal property
  • Inclusions: All Appliances and light fixtures
  • Lead Paint Form: Yes
  • Section: Journal Square
  • Assessor Parcel Number: 37979
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Full Baths: 5
  • Total Bedrooms: 6
  • Total Living Rooms: 2
  • First Floor Bedrooms: 2
  • First Full Floor Bathrooms: 2
  • Floor 1 Living Rooms: 1
  • Floor 1 Rent: 2200.00
  • Floor 2 Full Bathrooms: 1
  • Floor2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Third Floor Bedrooms: 2
  • Floor 3 Full Bathrooms: 2

Exterior Features

  • Exterior Finish: Aluminum/Vinyl

Utilities

  • Heating/Cooling: A/C Central, Heat Pump

Lot Info

  • Geo Address Line: 489 Mercer St
  • Geo Primary City: Jersey City
  • Geo Quality: 0.95
  • Lot: 00003
  • Lot Size: 16x98

Tax Info

  • Taxes: 13674

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2022
Closed on
Jul 18, 2022
Sold by
Mussini Nicola and Mussini Noemi Gonzalo-Bilbao
Bought by
Yoon Yeon H
Seller's Agent
Selina Vargas
CORCORAN SAWYER SMITH
Buyer's Agent
Richard Woodhull
BROWN HARRIS STEVENS NEW JERSEY
List Price
$1,200,000
Sold Price
$1,160,000
Premium/Discount to List
-$40,000
-3.33%
Current Estimated Value
$1,284,741

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,741
Avg. Annual Appreciation
3.09%
Original Mortgage
$928,000
Outstanding Balance
$886,014
Interest Rate
5.51%
Estimated Equity
$398,727

Purchase Details

Closed on
Nov 17, 2017
Sold by
489 Mercer Llc
Bought by
Mussini Nicola and Fernandez Noemi Gonzalo Bilbao

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$749,600
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 27, 2016
Closed on
Nov 21, 2016
Sold by
Cabell Donna L and Cabell Donna L
Bought by
489 Mercel Llc
Seller's Agent
Mark Trompeter
SERHANT NEW JERSEY LLC
Buyer's Agent
Mark Trompeter
SERHANT NEW JERSEY LLC
List Price
$399,999
Sold Price
$265,000
Premium/Discount to List
-$134,999
-33.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.13%
Original Mortgage
$422,000
Interest Rate
3.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 26, 2014
Sold by
Kassin Cindy Lee
Bought by
Cabell Donna L
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
Yoon Yeon H -- --
Yoon Yeon H -- None Listed On Document
Mussini Nicola $937,000 None Available
489 Mercel Llc $265,000 Old Republic Natl Title Ins
Cabell Donna L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yoon Yeon H $928,000
Closed Yoon Yeon H $928,000
Previous Owner Mussini Nicola $749,600
Previous Owner 489 Mercel Llc $422,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/22/2022 07/22/22 Sold $1,160,000 -3.3% --
05/24/2022 05/24/22 Pending -- -- --
04/20/2022 04/20/22 For Sale $1,200,000 0.0% --
07/22/2021 07/22/21 Rented $2,200 0.0% --
06/01/2021 06/01/21 For Rent $2,200 0.0% --
11/23/2016 11/23/16 Sold $265,000 -33.7% -- View Prior Sale
09/23/2016 09/23/16 Pending -- -- --
06/27/2016 06/27/16 For Sale $399,999 -- --
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
2025 $20,153 $902,500 $234,800 $667,700
2024 $19,156 $902,500 $234,800 $667,700
2023 $19,156 $852,500 $0 $0
2022 $18,056 $852,500 $0 $0
2021 $13,674 $852,500 $0 $0
2020 $13,725 $852,500 $0 $0
2019 $13,129 $902,500 $234,800 $667,700
2018 $2,306 $534,800 $234,800 $300,000
2017 $7,402 $94,900 $9,500 $85,400
2016 $7,308 $94,900 $9,500 $85,400
2015 $6,850 $94,900 $9,500 $85,400
2014 $6,805 $94,900 $9,500 $85,400
Source: Public Records

Agents Affiliated with this Home

  • Selina Vargas

    Seller's Agent in 2022

    Selina Vargas

    CORCORAN SAWYER SMITH

    (213) 810-2821

    10 in this area

    44 Total Sales

    Selina Vargas
    Section Image
  • TIMOTHY SMITH

    Seller Co-Listing Agent in 2022

    TIMOTHY SMITH

    CORCORAN SAWYER SMITH

    (201) 653-8000

    25 in this area

    42 Total Sales

    TIMOTHY SMITH
    Section Image
  • Richard Woodhull

    Buyer's Agent in 2022

    Richard Woodhull

    BROWN HARRIS STEVENS NEW JERSEY

    (551) 655-4130

    4 in this area

    38 Total Sales

    Richard Woodhull
    Section Image
  • Peter Cossio

    Buyer Co-Listing Agent in 2022

    Peter Cossio

    BROWN HARRIS STEVENS NEW JERSEY

    (917) 885-5817

    18 in this area

    223 Total Sales

    Peter Cossio
    Section Image
  • Anibal Niebla

    Seller's Agent in 2021

    Anibal Niebla

    ACCESS HOMES REALTY

    (201) 376-0203

    37 Total Sales

    Anibal Niebla
    Section Image
  • Mark Trompeter

    Seller's Agent in 2016

    Mark Trompeter

    SERHANT NEW JERSEY LLC

    (917) 355-1329

    71 in this area

    107 Total Sales

    Mark Trompeter
    Section Image
See All Agents

Map

Source: Hudson County MLS

MLS Number: 220006852

Hudson County MLS

APN: 06-13502-0000-00003

New Jersey Hudson County Jersey City 07306 Downtown Jersey City

489 Mercer St, Jersey City, NJ

Not Listed for Sale

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