Seller's Agent in 2023
Amar Mody
PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
(201) 212-7811
7 in this area
78 Total Sales
579 Jersey Ave Jersey City, NJ 07302
Downtown Jersey City NeighborhoodEstimated Value: $1,287,000 - $1,409,000
5
Beds
2.5
Baths
--
Sq Ft
1,525
Sq Ft Lot
Highlights
- Colonial Architecture
- Living Room
- Baseboard Heating
- Dr Ronald McNair High School Rated A+
- Dining Room
About This Home
As of November 2023Attention those looking for Single Family Home (with Parking), builders, investors, and prospective homeowners! This is a remarkable opportunity to acquire the last remaining property of its kind in the highly desirable section of Downtown Jersey City. 579 Jersey Avenue boasts a distinctive two-family (Can be used as one-family), corner property located on a prominent street, generating an appealing rental income with the first floor at $2,800, the second floor at $2,550, and an additional $300 from private parking. Nestled beautifully at the intersection of Jersey Ave and 3rd Street, this property offers the potential for expansion to be converted to a large single family residence, multifamily, or conversion to commercial use, capitalizing on its high visibility on Jersey Avenue. Or the Owner can just live on the First floor with the basement and collect rent from upstairs Apartment. It's a true gem situated in a high-demand neighborhood, surrounded by thriving stores, including the Keyfood Supermarket, as well as steps away from restaurants and businesses. Moreover, its strategic location places it just blocks away from the Grove Street PATH STATION and a short distance from Hamilton Park, easy access to major highways, making it the heart of Downtown Jersey City. The property features Five bedrooms, two living rooms with a dining combo, two full bathrooms, and an additional half bathroom. The finished basement offers both interior and exterior access. To top it off, a private driveway with gate enclosure provides a convenient parking solution and a private outdoor deck for entertaining guests. Don't miss this genuinely sought-after location – it's a must-see!
Last Agent to Sell the Property
PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY License #1005004 Listed on: 09/06/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,975
Lot Details
- Lot Dimensions are 21.5x70
Parking
- 1 Parking Space
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Stone Exterior Construction
Interior Spaces
- Multi-Level Property
- Living Room
- Dining Room
Bedrooms and Bathrooms
- 5 Bedrooms | 2 Main Level Bedrooms
Finished Basement
- Basement Fills Entire Space Under The House
- 1 Bedroom in Basement
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Heating System Uses Gas
Listing and Financial Details
- Legal Lot and Block 00018 / 11104
- Assessor Parcel Number 3966
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 6, 2023
Closed on
Nov 13, 2023
Sold by
Nweke Holdings Llc
Bought by
Singh Harjinder and Gupta Shivani
Seller's Agent
Amar Mody
PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
QUANFENG ZHU
REMAX NOW
List Price
$1,275,000
Sold Price
$1,260,000
Premium/Discount to List
-$15,000
-1.18%
Views
32
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,340
Avg. Annual Appreciation
3.79%
Original Mortgage
$750,000
Outstanding Balance
$693,671
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$665,669
Purchase Details
Closed on
Dec 30, 2020
Sold by
Nweke Wilson and Lke Happiness
Bought by
Nweke Holdings Llc
Purchase Details
Listed on
Jan 18, 2016
Closed on
Apr 5, 2016
Sold by
Roumila Lamine and Roumila Kanane,Nissette
Bought by
Mwele Wilson and Mwele Happiness,Ike
Seller's Agent
Alexander Acebedo
SIGNATURE REALTY GROUP, LLC
Buyer's Agent
Alexander Acebedo
SIGNATURE REALTY GROUP, LLC
List Price
$450,000
Sold Price
$850,000
Premium/Discount to List
$400,000
88.89%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.98%
Purchase Details
Closed on
Apr 13, 2006
Sold by
Roumila Lamine and Roumila Rachid
Bought by
Roumila Lamine
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 7, 1998
Sold by
Vanauken Eric
Bought by
Roumila Lamine and Roumila Rachid
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
6.8%
Purchase Details
Closed on
Jul 29, 1996
Sold by
Hanly George
Bought by
Vanauken Eric
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,360
Interest Rate
8.24%
Purchase Details
Closed on
Jul 25, 1996
Sold by
Nationscredit Financial Services Corp
Bought by
Hanly George and 579 Jersey Avenue Assoc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,360
Interest Rate
8.24%
Purchase Details
Closed on
Aug 28, 1995
Sold by
First Svgs Bank Sla
Bought by
Hernandez Nestor
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Singh Harjinder | $1,260,000 | Sunnyside Title | |
| Singh Harjinder | $1,260,000 | Sunnyside Title | |
| Nweke Holdings Llc | -- | Nuco Title Ins Agcy Inc | |
| Mwele Wilson | $850,000 | -- | |
| Roumila Lamine | $75,000 | Land Pro Title Services Llc | |
| Roumila Lamine | $105,000 | Chicago Title Insurance Co | |
| Vanauken Eric | $106,000 | -- | |
| Nationscredit Financial Services Corp | -- | -- | |
| Hanly George | $47,000 | -- | |
| Hernandez Nestor | $120,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Singh Harjinder | $750,000 | |
| Closed | Singh Harjinder | $750,000 | |
| Previous Owner | Roumila Lamine | $350,000 | |
| Previous Owner | Roumila Lamine | $94,500 | |
| Previous Owner | Nationscredit Financial Services Corp | $76,360 | |
| Previous Owner | Vanauken Eric | $74,200 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/15/2023 11/15/23 | Sold | $1,260,000 | -1.2% | -- | |
| 09/20/2023 09/20/23 | Pending | -- | -- | -- | |
| 09/06/2023 09/06/23 | For Sale | $1,275,000 | +50.0% | -- | |
| 04/05/2016 04/05/16 | Sold | $850,000 | +88.9% | -- | View Prior Sale |
| 03/06/2016 03/06/16 | Pending | -- | -- | -- | |
| 01/18/2016 01/18/16 | For Sale | $450,000 | -- | -- |
Source: Hudson County MLS
Tax History Compared to Growth
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 | $17,898 | $801,500 | $532,300 | $269,200 |
| 2024 | $18,010 | $801,500 | $532,300 | $269,200 |
| 2023 | $18,010 | $801,500 | $532,300 | $269,200 |
| 2022 | $16,976 | $801,500 | $532,300 | $269,200 |
| 2021 | $12,856 | $801,500 | $532,300 | $269,200 |
| 2020 | $12,904 | $801,500 | $532,300 | $269,200 |
| 2019 | $12,343 | $801,500 | $532,300 | $269,200 |
| 2018 | $1,577 | $801,500 | $532,300 | $269,200 |
| 2017 | $8,268 | $106,000 | $42,100 | $63,900 |
| 2016 | $8,163 | $106,000 | $42,100 | $63,900 |
| 2015 | $7,931 | $106,000 | $42,100 | $63,900 |
| 2014 | $7,880 | $106,000 | $42,100 | $63,900 |
Source: Public Records
Agents Affiliated with this Home
-
Amar Mody
-
QUANFENG ZHU
Buyer's Agent in 2023
QUANFENG ZHU
REMAX NOW
(917) 517-0522
5 in this area
37 Total Sales
-
A
Seller's Agent in 2016
Alexander Acebedo
SIGNATURE REALTY GROUP, LLC
Map
Source: Hudson County MLS
MLS Number: 230014785
APN: 06-11104-0000-00018
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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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