NOT LISTED FOR SALE

642 Palisade Ave Unit 2 Jersey City, NJ 07307

The Heights Neighborhood

Estimated Value: $474,000 - $601,255

2 Beds
1 Bath
750 Sq Ft
4,748 Sq Ft Lot

Last Sold July 17, 2012

Last sale price $199,000 $265 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $3,562/month

Highlights

  • Forced Air Heating System
  • 5-minute walk to 9Th Street - Congress Center
  • Washer and Dryer
  • Dr Ronald McNair High School Rated A+

About This Home

As of October 2023

2 bedroom / 1 bathroom rental on Palisade Ave, in bustling Jersey City Heights! Recently updated unit with updated kitchen, in-unit washer/dryer, dishwasher and central AC. This unit also comes with 1 assigned parking space as well as a spacious storage in the basement. Minutes from Washington Park and bus stops (NJ Transit 123, 115)as well as Light Rail - easy access to Hoboken, Downtown JC & NYC. Owner pays for water. Tenant responsible for electric & gas. Pets subject to approval with an additional monthly fee. Tenant responsible for taking trash and recycle items out for pick up for an entire month for every 3 months. No smoking. Interview/renter's insurance ($300k liability), income and employment verification req'd. Due at signing: 1st MO, 1MO broker fee & 1.5MO sec. deposit.

Last Agent to Rent the Property

Danny Yoon

Prominent Properties Sotheby's International Realty-Edgewater Listed on: 09/22/2023

Prominent Properties Sotheby's International Realty-Edgewater

Last Renter's Agent

Danny Yoon

Prominent Properties Sotheby's International Realty-Edgewater Listed on: 09/22/2023

Prominent Properties Sotheby's International Realty-Edgewater

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,447

Year Built

  • 1900

Lot Details

  • 4,748

Parking

  • 1 Open Parking Space

Kitchen

  • Gas Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer and Dryer

Utilities

  • Cooling System Powered By Gas
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • Pets allowed on a case-by-case basis

Condo Details

Home Type

Condominium

Est. Annual Taxes

$8,447

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Residential Lease
  • PropertySubType: Condominium
  • ResoLaundryFeatures: In Unit
  • View Type:Pond View: None
  • NAV29_Unit_1_Appliances: Dishwasher, Microwave, Ov/Rang/Gs, Refrigerator, Water, Washer/Dryer
  • Reso Association Amenities: None
  • Reso Pets Allowed: Pets Conditional
  • Co List Office Phone: (201) 840-8898
  • MLS Status: Leased - Leased
  • Directions: 642 Palisade Ave Jersey City
  • Reso Fireplace Features: None
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built (Public Record): 1900

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Primary Bathroom: No

Exterior Features

  • Disclosures: Seller's Agent

Garage/Parking

  • Open Parking Spaces: 1.0
  • Parking Features: Parking Spaces

Utilities

  • Cooling: Gas
  • Heating: Natural Gas, Hot Air

Lot Info

  • Lot: 00057

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2021
Sold by
642 Pal Llc
Bought by
642 Pal Condominiums
Current Estimated Value
$542,314

Purchase Details

Closed on
Sep 19, 2017
Sold by
Point Capiital Kensington
Bought by
Ganghyuk Lim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$426,383
Interest Rate
3.78%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
642 Pal Condominiums -- None Listed On Document
Ganghyuk Lim $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ganghyuk Lim $426,383
Previous Owner Ganghyuk Lim --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/09/2023 10/09/23 Rented $2,700 0.0% --
09/22/2023 09/22/23 For Rent $2,700 0.0% --
07/17/2012 07/17/12 Sold $199,000 0.0% $265 / Sq Ft View Prior Sale
04/25/2012 04/25/12 Pending -- -- --
03/10/2012 03/10/12 For Sale $199,000 -- $265 / Sq Ft
Source: New Jersey 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 $8,447 $378,300 $75,000 $303,300
2024 $8,500 $378,300 $75,000 $303,300
2023 $8,500 $378,300 $75,000 $303,300
2022 $8,012 $378,300 $75,000 $303,300
2021 $6,068 $378,300 $75,000 $303,300
2020 $6,091 $378,300 $75,000 $303,300
2019 $5,826 $378,300 $75,000 $303,300
2018 $1,126 $378,300 $75,000 $303,300
2017 $3,955 $75,700 $6,100 $69,600
2016 $3,904 $75,700 $6,100 $69,600
2015 $3,793 $75,700 $6,100 $69,600
2014 $3,769 $75,700 $6,100 $69,600
Source: Public Records

Agents Affiliated with this Home

  • Danny Yoon

    Landlord's Agent in 2023

    Danny Yoon

    Prominent Properties Sotheby's International Realty-Edgewater

    (917) 300-8484

    1 in this area

    137 Total Sales

    Danny Yoon
    Section Image
  • Diana Malkhasian

    Seller's Agent in 2012

    Diana Malkhasian

    Christie's Real Estate Northern NJ

    (201) 320-6898

    8 in this area

    30 Total Sales

    Diana Malkhasian
    Section Image
  • Paul K. Bryant

    Buyer's Agent in 2012

    Paul K. Bryant

    COLDWELL BANKER

    (201) 533-3084

    18 in this area

    126 Total Sales

    Paul K. Bryant
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 23029553

New Jersey MLS

APN: 06-01703-0000-00057-0000-C0002

New Jersey Hudson County Jersey City 07307 The Heights

642 Palisade Ave Unit 2, Jersey City, NJ

Not Listed for Sale

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