NOT LISTED FOR SALE

601 Observer Hwy Unit 401 Hoboken, NJ 07030

Estimated Value: $1,005,127 - $1,115,000

2 Beds
2 Baths
1,379 Sq Ft
$765/Sq Ft Est. Value

Last Sold January 31, 2014

Last sale price $737,500 $535 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $6,472/month

Highlights

  • Views of New York
  • Contemporary Architecture
  • Wood Flooring
  • Hoboken High School Rated A-
  • Property is near a park
  • 1-minute walk to Southwest Park

About This Home

As of January 2022

Exceptional for its expansive, open living space, incredible storage and the quality of its finishes and construction, Residence 401 at Observer Lofts is a brilliant two bedroom, two bathroom with garage parking for one car that is flawlessly laid out over 1379 SF. It is an easy walk to Hoboken Terminal (PATH, NY Waterway Ferry, Light Rail, NJ Transit), the 2nd Street Light Rail station and express bus to New York City at 1st and Clinton streets in addition to an exciting array of boutique shopping, dining, coffee shops, farmers’ markets and parks/playgrounds that make The Mile Square City so special. Sunlight streams through five soaring windows that encompass an extraordinary living and entertaining space which comfortably accommodates a separate dining area, allowing for uncompromised, easy living day-to-day and effortless entertaining of family and friends. This space is centered around an open kitchen with rich, flat panel millwork, Sub-Zero, Viking Professional and Bosch appliances, cascading quartz island and a Marvel wine fridge. The oversized primary bedroom suite exudes calm and exists to provide much needed privacy and peace while it pampers with two walk-in closets offering over 30 linear feet of storage and a spa-inspired bathroom with walk-in rain shower, deep soaking tub and a custom stone-and-wood vanity. The second bedroom offers great flexibility and ample storage -- it is perfect for use as a children's room, guest bedroom or office/WFH space. A luxuriously outfitted guest bathroom, central air conditioning and heat, easily-programmable Nest Learning Thermostat system, in-residence washer/dryer, generous entry closet, and ButterflyMX smart video intercom-and-access system make life at home a true pleasure. Observer Lofts is a well regarded boutique steel-and-concrete construction elevator condominium that is located in downtown Hoboken. It is across the street from Southwest Park and offers immediate access to 78, 139, 1&9 and the Holland Tunnel. Available 1/15. 1.5 month security deposit. 1 month broker fee. Sorry, no pets. Images are virtually staged.

Last Agent to Rent the Property

Charles Rubenstein

COMPASS NEW JERSEY, LLC License #1111287 Listed on: 12/31/2021

COMPASS NEW JERSEY, LLC

Co-Listed By

Farah Alli

COMPASS NEW JERSEY, LLC License #0228534

Last Renter's Agent

Charles Rubenstein

COMPASS NEW JERSEY, LLC License #1111287 Listed on: 12/31/2021

COMPASS NEW JERSEY, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,561

Year Built

  • 2008

Lot Details

  • 1,394

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,379 Sq Ft Home
  • Multi-Level Property
  • Living Room
  • Dining Room
  • Wood Flooring
  • Views of New York
  • Intercom
  • Washer and Dryer

Kitchen

  • Gas Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Garage
  • Tandem Parking

Location

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

Utilities

  • Central Air
  • Heating System Uses Gas

Community Details

  • Elevator

Listing and Financial Details

  • Exclusions: All Personal Property
  • Legal Lot and Block 00011 / 00007
  • Assessor Parcel Number 16208

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,561

Year Built

2008

Lot Details

0

Rental Info

  • Credit Check Required: Y
  • Rental Amount: 4125
  • Lease: Yes

Listing Details

  • Class: RESIDENTIAL RENTAL
  • Type: Residential Rental
  • Building Style: Contemporary, Multi-Level
  • Exclusions: All Personal Property
  • Inclusions: All Major Appliances and Fixtures as Shown; One Garage Parking Space
  • Miscellaneous: New York View, Near Train, Near Shopping, Near Bus, Near Parks, Near Schools, Near Path
  • Assessor Parcel Number: 16208
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2008

Interior Features

  • Floor Number: 4
  • Appliances Included: Dishwasher, Microwave, Refrigerator, Washer/Dryer, Oven/Range Gas
  • Total Bathrooms: 2
  • Total Full Baths: 2
  • Bedrooms: 2
  • Total Rooms: 5
  • Total Dining Rooms: 1
  • Total Kitchens: 1
  • Total Living Rooms: 1
  • Level 1 Bedrooms: 2
  • Level 1 Dining Rooms: 1
  • Level 1 Full Bathrooms: 2
  • Level1 Kitchen: 1
  • Level 1 Living Rooms: 1
  • Estimated Sq Ft: 1379
  • Price Per Sq Ft: 2.99

Exterior Features

  • Exterior Finish: Brick

Garage/Parking

  • Parking Available: 1 Car, Garage, Tandem-Shared

Utilities

  • Heating/Cooling: A/C Central, Gas

Association/Amenities

  • Amenities Included: Intercom, Hardwood Floor

Condo/Co-op/Association

  • Common Amenities: Elevator
  • Complex Name: Observer Lofts

Lot Info

  • Geo Address Line: 601 Observer Hwy
  • Geo Primary City: Hoboken
  • Geo Quality: 0.95
  • Geo Update Timestamp: 12/31/2021
  • Geo Zoom Level: 16
  • Lot: 00011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2013
Closed on
Jan 30, 2014
Sold by
Mody Niket and Kapadia Sneha
Bought by
Farag Remy and Farag Patricia Ishak
Seller's Agent
JULIE MLAKAR
BERKSHIRE HATHAWAY HUDSON RIVER PROPERTIES
Buyer's Agent
Anthony Curty
COLDWELL BANKER REALTY
List Price
$770,000
Sold Price
$737,500
Premium/Discount to List
-$32,500
-4.22%
Current Estimated Value
$1,054,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,282
Avg. Annual Appreciation
3.05%
Original Mortgage
$590,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Farag Remy $737,500 Agent For Old Republic Natl
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farag Remy $590,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/05/2022 01/05/22 Rented $4,125 0.0% --
01/05/2022 01/05/22 Under Contract -- -- --
12/31/2021 12/31/21 For Rent $4,125 0.0% --
01/31/2014 01/31/14 Sold $737,500 -4.2% $511 / Sq Ft
01/13/2014 01/13/14 Pending -- -- --
09/30/2013 09/30/13 For Sale $770,000 -- $534 / Sq Ft
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 $10,561 $598,000 $196,000 $402,000
2024 $9,741 $598,000 $196,000 $402,000
2023 $9,741 $598,000 $196,000 $402,000
2022 $10,541 $658,400 $196,000 $462,400
2021 $10,534 $658,400 $196,000 $462,400
2020 $10,607 $658,400 $196,000 $462,400
2019 $10,528 $658,400 $196,000 $462,400
2018 $10,403 $658,400 $196,000 $462,400
2017 $10,482 $658,400 $196,000 $462,400
2016 $10,212 $658,400 $196,000 $462,400
2015 $9,856 $658,400 $196,000 $462,400
2014 $9,402 $658,400 $196,000 $462,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Hudson County MLS

MLS Number: 210027677

Hudson County MLS

APN: 05-00007-0000-00011-0000-C0401