NOT LISTED FOR SALE

516 Martin Luther King Dr Jersey City, NJ 07304

Bergen-Lafayette Neighborhood

Estimated Value: $403,000 - $493,376

2 Beds
1.5 Baths
-- Sq Ft
828 Sq Ft Lot

Last Sold October 05, 2018

Last sale price $245,000

Est. 91% increase in value since last sale

Current estimated payment $2,945/month

166 Days on Market

Highlights

  • Brownstone
  • Property is near a park
  • Living Room
  • Liberty High School Rated A-
  • Wood Flooring
  • 5-minute walk to Arlington Park

About This Home

As of October 2018

This is what your were looking for...a home with Character, Charm and Centrally located in Bergen/Lafayette Section of Jersey City - great alternative to a condo with some aesthetic upgrades and a little TLC will make this your new home. Close to Bus stop, blocks to MLK Light Rail Station, new City Hall Annex, blocks to Berry Lane Park, less than 10 minutes commute to Downtown Jersey City and short distance to shopping, eateries and more. Jersey City is in the process of conducting a city wide property tax assessment reevaluation as of 2018. contact the tax assessor's office for more info.

Last Agent to Sell the Property

Tonya Keyes

KEYES & WIGGINS License #0903258 Listed on: 01/26/2018

Last Buyer's Agent

Nader Rezai

PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY License #0457120

PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,718

Lot Details

  • 828

Home Design

  • Brownstone
  • Rowhouse Architecture
  • Brick Exterior Construction

Interior Spaces

  • Living Room
  • Finished Basement
  • Walk-Out Basement
  • Gas Oven or Range

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms

Location

  • Property is near a park
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

  • Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00003 / 18601
  • Assessor Parcel Number 40015

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,718

Lot Details

0

Listing Details

  • Class: ONE FAMILY
  • Type: One Family
  • Building Style: Brownstone, Row House
  • Exclusions: PERSONAL PROPERTY
  • Inclusions: Appliances
  • Lead Paint Form: Yes
  • Miscellaneous: Near Shopping, Near Bus, Near Parks, Near Schools
  • Section: Greenville
  • Assessor Parcel Number: 40015
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances Included: Refrigerator, Oven/Range Gas
  • Total Bathrooms: 2
  • Total Full Baths: 1
  • Total Half Baths: 1
  • Bedrooms: 2
  • Total Rooms: 5
  • Basement: Finished, Walk-Out
  • Total Kitchens: 1
  • Total Living Rooms: 1
  • Lower Level Half Bathrooms: 1
  • Lower Level Other: 1
  • Level1 Kitchen: 1
  • Level 1 Living Rooms: 1
  • Level 2 Bedrooms: 2
  • Level 2 Full Bathrooms: 1

Exterior Features

  • Exterior Finish: Brick

Utilities

  • Heating/Cooling: A/C Window, Baseboard

Association/Amenities

  • Amenities Included: Hardwood Floor, Wall to Wall Carpet

Condo/Co-op/Association

  • Common Amenities: Wash/Dry Room

Lot Info

  • Geo Match Code: 1
  • Geo Matched Method: 2
  • Geo Primary City: Jersey City
  • Geo Quality: 1
  • Geo Secondary City: Hudson
  • Geo Update Timestamp: 01/29/2018
  • Geo Zoom Level: 16
  • Lot: 00003

Multi Family

  • Total Other: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2024
Sold by
Arias Amayia
Bought by
Ferrari Gianluca and Lagauzere Julie
Current Estimated Value
$468,344

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$352,000
Interest Rate
6.66%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 26, 2018
Closed on
Sep 12, 2018
Sold by
Holmes Florence and Glover Florence
Bought by
Arias Amayia
Seller's Agent
Tonya Keyes
KEYES & WIGGINS
Buyer's Agent
Nader Rezai
PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
List Price
$289,000
Sold Price
$245,000
Premium/Discount to List
-$44,000
-15.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.86%
Original Mortgage
$220,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 1988
Bought by
Holmes Florence
Source: Public Records

Range of Values:

Collateral Analytics

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Average Value
Not Available
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 Buyer Sale Price Title Company
Ferrari Gianluca $440,000 Angel Title & Abstract
Ferrari Gianluca $440,000 Angel Title & Abstract
Arias Amayia $245,000 None Available
Holmes Florence -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ferrari Gianluca $352,000
Previous Owner Arias Amayia $235,500
Previous Owner Arias Amayia $220,500
Previous Owner Holmes Florence $84,000
Previous Owner Glover Florence $100,000
Previous Owner Glover Florence $50,815
Previous Owner Glover Florence $48,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2018 10/05/18 Sold $245,000 -15.2% --
07/11/2018 07/11/18 Pending -- -- --
01/26/2018 01/26/18 For Sale $289,000 -- --
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 $4,718 $359,200 $59,900 $299,300
2024 $4,748 $211,300 $59,900 $151,400
2023 $4,748 $211,300 $59,900 $151,400
2022 $4,475 $211,300 $59,900 $151,400
2021 $3,389 $211,300 $59,900 $151,400
2020 $3,402 $211,300 $59,900 $151,400
2019 $3,254 $211,300 $59,900 $151,400
2018 $469 $211,300 $59,900 $151,400
2017 $2,457 $31,500 $3,600 $27,900
2016 $2,426 $31,500 $3,600 $27,900
2015 $2,357 $31,500 $3,600 $27,900
2014 $2,342 $31,500 $3,600 $27,900
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Tonya Keyes

    KEYES & WIGGINS

    Section Image
  • Nader Rezai

    Buyer's Agent in 2018

    Nader Rezai

    PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY

    (201) 736-5713

    2 in this area

    113 Total Sales

    Nader Rezai
    Section Image
See All Agents

Map

Source: Hudson County MLS

MLS Number: 180001528

Hudson County MLS

APN: 06-18601-0000-00003

New Jersey Hudson County Jersey City 07304 Bergen-Lafayette

516 Martin Luther King Dr, Jersey City, NJ

This home is located at 516 Martin Luther King Dr, Jersey City, NJ 07304 since 26 January 2018 and is currently estimated at $468,344. 516 Martin Luther King Dr is a home located in Hudson County with nearby schools including Ollie Culbreth, Jr. School, PS #14, Lincoln High School, and Henry Snyder 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.

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