NOT LISTED FOR SALE

687 Summit Ave Jersey City, NJ 07306

The Heights Neighborhood

Estimated Value: $756,000 - $1,157,000

6 Beds
3 Baths
-- Sq Ft
3,093 Sq Ft Lot

Last Sold December 06, 2023

Last sale price $799,000

Est. 16% increase in value since last sale

Current estimated payment $5,944/month

5 Days on Market

Highlights

  • Living Room
  • Dining Room
  • 1 Car Garage
  • Liberty High School Rated A-
  • Baseboard Heating

About This Home

As of December 2023

Prime location for this flexible 2-Family home in the Heights right off of Rt 139. This East facing property boasts a massive 40 foot lot frontage and private attached garage for 1 car. Unit 1 is 2 bedrooms and 1 bathroom with a backyard and is currently occupied on a month to month lease. Unit 2 is 4 bedrooms and 2 full bathrooms, updated kitchen with a backyard as well. Less then half of a mile from JSQ path, this commuter dream is great as an investment or perfect for the owner occupant with a large family. Property can be delivered vacant. Close to Pershing Field, schools, shopping, and major highways.

Last Agent to Sell the Property

RICHARD TRUOCCHIO

COMPASS NEW JERSEY, LLC License #2297281 Listed on: 09/28/2023

COMPASS NEW JERSEY, LLC

Last Buyer's Agent

Monique Belgrave

EXP REALTY LLC License #2321045

EXP REALTY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,405

Lot Details

  • 3,093

Parking

  • 1 Car Garage

Home Design

  • Aluminum Siding

Interior Spaces

  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 6 Bedrooms | 2 Main Level Bedrooms

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Gas

Listing and Financial Details

  • Legal Lot and Block 18 / 5502

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,405

Lot Details

0

Listing Details

  • Class: 2 FAMILY
  • Type: 2 Family
  • Exclusions: Personal Property
  • Inclusions: All fixtures and appliances
  • Lead Paint Form: Yes
  • Section: Heights
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 3
  • Total Full Baths: 3
  • Total Bedrooms: 6
  • Total Living Rooms: 2
  • First Floor Bedrooms: 2
  • First Full Floor Bathrooms: 1
  • Floor 1 Living Rooms: 1
  • Floor1 Other: 1
  • Floor 1 Rent: 1800
  • Floor 2 Dining Room: 1
  • Floor 2 Full Bathrooms: 2
  • Floor2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Floor 2 Rent: vacant

Exterior Features

  • Exterior Finish: Aluminum/Vinyl

Garage/Parking

  • Parking Available: 1 Car, Garage

Utilities

  • Heating/Cooling: A/C Window, Baseboard, Gas

Lot Info

  • Geo Address Line: 687 Summit Ave
  • Geo Primary City: Jersey City
  • Geo Quality: 0.95
  • Lot: 18
  • Lot Size: 40.33 x 70 avg IRR

Tax Info

  • Year: 2023
  • Taxes: 9405

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2023
Closed on
Nov 29, 2023
Sold by
Truocchio Richard Edward
Bought by
687 Summit Llc
Seller's Agent
RICHARD TRUOCCHIO
COMPASS NEW JERSEY, LLC
Buyer's Agent
Monique Belgrave
EXP REALTY LLC
List Price
$799,000
Sold Price
$799,000
Views
309
Current Estimated Value
$925,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,965
Avg. Annual Appreciation
7.73%
Original Mortgage
$639,200
Outstanding Balance
$629,108
Interest Rate
7.76%
Mortgage Type
New Conventional
Estimated Equity
$296,857

Purchase Details

Listed on
Apr 14, 2022
Closed on
Oct 4, 2022
Sold by
687 Summit Avenue Llc
Bought by
Truocchio Richard Edward
Seller's Agent
Michael Klein
LIBERTY REALTY LLC
Buyer's Agent
RICHARD TRUOCCHIO
COMPASS NEW JERSEY, LLC
List Price
$750,000
Sold Price
$629,000
Premium/Discount to List
-$121,000
-16.13%
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.69%
Original Mortgage
$468,750
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2017
Sold by
687 Summit Avenue Llc and Gonzalez Silvio Gonzalez
Bought by
687 Summit Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.89%

Purchase Details

Closed on
Jul 22, 2003
Sold by
Olivo Kelvin and Olivo Carolina
Bought by
Bonilla Flor and Hernandez Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage
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
687 Summit Llc $799,000 Sunnyside Title
687 Summit Llc $799,000 Sunnyside Title
Truocchio Richard Edward $629,000 Catic Title
Truocchio Richard Edward $629,000 Catic Title
687 Summit Avenue Llc -- --
Bonilla Flor $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 687 Summit Llc $639,200
Closed 687 Summit Llc $639,200
Previous Owner Truocchio Richard Edward $468,750
Previous Owner 687 Summit Avenue Llc --
Previous Owner Bonilla Flor $161,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/06/2023 12/06/23 Sold $799,000 0.0% --
10/03/2023 10/03/23 Pending -- -- --
09/28/2023 09/28/23 For Sale $799,000 +27.0% --
10/05/2022 10/05/22 Sold $629,000 -5.4% -- View Prior Sale
08/11/2022 08/11/22 Pending -- -- --
07/21/2022 07/21/22 Price Changed $664,905 -5.0% --
06/06/2022 06/06/22 Price Changed $699,900 -6.7% --
04/14/2022 04/14/22 For Sale $750,000 0.0% --
06/01/2013 06/01/13 Rented $1,300 -27.8% --
04/14/2013 04/14/13 Under Contract -- -- --
04/10/2013 04/10/13 For Rent $1,800 -- --
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 $12,829 $574,500 $238,600 $335,900
2024 $9,406 $574,500 $238,600 $335,900
2023 $9,406 $418,600 $238,600 $180,000
2022 $8,866 $418,600 $238,600 $180,000
2021 $6,714 $418,600 $238,600 $180,000
2020 $6,739 $418,600 $238,600 $180,000
2019 $6,446 $418,600 $238,600 $180,000
2018 $671 $418,600 $238,600 $180,000
2017 $3,518 $45,100 $23,100 $22,000
2016 $3,473 $45,100 $23,100 $22,000
2015 $3,374 $45,100 $23,100 $22,000
2014 $3,353 $45,100 $23,100 $22,000
Source: Public Records

Agents Affiliated with this Home

  • RICHARD TRUOCCHIO

    Seller's Agent in 2023

    RICHARD TRUOCCHIO

    COMPASS NEW JERSEY, LLC

    (201) 673-1865

    6 in this area

    49 Total Sales

    RICHARD TRUOCCHIO
    Section Image
  • Monique Belgrave

    Buyer's Agent in 2023

    Monique Belgrave

    EXP REALTY LLC

    (201) 740-5387

    7 in this area

    38 Total Sales

    Monique Belgrave
    Section Image
  • Michael Klein

    Seller's Agent in 2022

    Michael Klein

    LIBERTY REALTY LLC

    (201) 320-5371

    13 in this area

    389 Total Sales

    Michael Klein
    Section Image

  • D

    Seller's Agent in 2013

    Deborah Bajada

    KELLER WILLIAMS EAST MONMOUTH

    Section Image

  • M

    Buyer's Agent in 2013

    Marie Borrelli

    EXP REALTY LLC

    Section Image
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Map

Source: Hudson County MLS

MLS Number: 230016299

Hudson County MLS

APN: 06-05502-0000-00018

New Jersey Hudson County Jersey City 07306 The Heights

687 Summit Ave, Jersey City, NJ

Not Listed for Sale

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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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