NOT LISTED FOR SALE

706 Ocean Ave Jersey City, NJ 07305

Bergen-Lafayette Neighborhood

Estimated Value: $712,706 - $1,049,000

8 Beds
5 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold May 28, 2021

Last sale price $675,000

Est. 21% increase in value since last sale

Current estimated payment $5,261/month

5 Days on Market

Highlights

  • Contemporary Architecture
  • 4-minute walk to Martin Luther King Drive
  • Central Air
  • Liberty High School Rated A-
  • Living Room
  • Dining Room

About This Home

As of May 2021

Fantastic newer construction 2 family home + bonus ground level unit located just 4 blocks from the Garfield Street Light Rail Station. Each unit consists of 3BR/2BA with private terraces and ground level unit consists of 2BR/1BA with separate entrance and an oversized backyard. Home features include hardwood floors through out, central a/c, forced hot air, washer/dryer hook ups, private terraces off the living rooms, garage parking and separate utilities. Excellent cash flow positive investment property. Collect 3 rents! 706 Ocean Ave is surrounded by tons of new construction developments, minutes to local supermarket, restaurants, Berry Lane Park and all major highways. Don't miss out on this great investment.

Last Agent to Sell the Property

Christine Ayubi

PRIME REAL ESTATE GROUP License #1109258 Listed on: 04/10/2021

PRIME REAL ESTATE GROUP

Co-Listed By

JAMES POMPA

PRIME REAL ESTATE GROUP License #1542649

Last Buyer's Agent

ROSSE MENDEZ

ALLIANCE REALTY License #0451828

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,077

Lot Details

  • Lot Dimensions are 25x140

Parking

  • 2 Car Garage

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • Multi-Level Property
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 8 Bedrooms | 3 Main Level Bedrooms

Finished Basement

  • Walk-Out Basement
  • 2 Bedrooms in Basement

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Gas

Listing and Financial Details

  • Exclusions: All personal property.
  • Legal Lot and Block 00040 / 21401
  • Assessor Parcel Number 41842

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,077

Lot Details

0

Listing Details

  • Class: 2-4 FAMILY
  • Type: 2 Family
  • Building Style: Contemporary, Multi-Level
  • Exclusions: All personal property.
  • Inclusions: All major appliances as-is condition. No stoves included.
  • Section: Greenville
  • Assessor Parcel Number: 41842
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Full Baths: 5
  • Total Bedrooms: 8
  • Total Other Rooms: 2
  • Basement: Finished, Walk-Out
  • Total Dining Rooms: 2
  • Total Kitchens: 2
  • Total Living Rooms: 2
  • Basement Bedrooms: 2
  • Basement Full Bathrooms: 1
  • First Floor Bedrooms: 3
  • Floor 1 Dining Rooms: 1
  • First Full Floor Bathrooms: 2
  • Floor1 Kitchen: 1
  • Floor 1 Living Rooms: 1
  • Floor1 Other: 1
  • Second Floor Bedrooms: 3
  • Floor 2 Dining Room: 1
  • Floor 2 Full Bathrooms: 2
  • Floor2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Floor2 Other: 1
  • Fl1 Rooms: 6
  • Fl2 Rooms: 6

Exterior Features

  • Exterior Finish: Brick

Garage/Parking

  • Parking Available: 2 Cars, Garage

Utilities

  • Heating/Cooling: A/C Central, Hot Air, Baseboard, Gas

Lot Info

  • Geo Address Line: 706 Ocean Ave
  • Geo Primary City: Jersey City
  • Geo Quality: 0.95
  • Geo Update Timestamp: 04/11/2021
  • Geo Zoom Level: 16
  • Lot: 00040
  • Lot Size: 25x140

Tax Info

  • Taxes: 7077

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2021
Closed on
May 28, 2021
Sold by
Osei Charles and Osei Elaine
Bought by
Colon Manuel A and Colon Clark Ivonne
Seller's Agent
Christine Ayubi
PRIME REAL ESTATE GROUP
Buyer's Agent
ROSSE MENDEZ
ALLIANCE REALTY
List Price
$649,000
Sold Price
$675,000
Premium/Discount to List
$26,000
4.01%
Current Estimated Value
$815,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,589
Avg. Annual Appreciation
5.37%
Original Mortgage
$540,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2011
Sold by
706 Ocean Llc
Bought by
Osei Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
4.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 2006
Sold by
Rajib Faisal
Bought by
Jugoor Christendat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Interest Rate
8.59%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 2, 2005
Sold by
Y & J Realty Inc
Bought by
Rajib Faisal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
6.06%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 10, 2002
Sold by
Reform Church Of The Living God Inc
Bought by
I E B Inc
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
Colon Manuel A $675,000 First American Title Ins Co
Osei Charles $190,000 --
Jugoor Christendat $485,000 Multiple
Rajib Faisal $410,000 Vested Title Inc
I E B Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Colon Manuel A $540,000
Previous Owner Osei Charles $142,500
Previous Owner Jugoor Christendat $485,000
Previous Owner Rajib Faisal $82,000
Previous Owner Rajib Faisal $328,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2021 05/28/21 Sold $675,000 +4.0% --
04/15/2021 04/15/21 Pending -- -- --
04/10/2021 04/10/21 For Sale $649,000 -- --
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 $9,816 $439,600 $87,800 $351,800
2024 $9,878 $439,600 $87,800 $351,800
2023 $9,878 $439,600 $87,800 $351,800
2022 $9,311 $439,600 $87,800 $351,800
2021 $7,051 $439,600 $87,800 $351,800
2020 $7,078 $439,600 $87,800 $351,800
2019 $6,770 $439,600 $87,800 $351,800
2018 $1,562 $439,600 $87,800 $351,800
2017 $8,190 $105,000 $25,000 $80,000
2016 $8,086 $105,000 $25,000 $80,000
2015 $7,856 $105,000 $25,000 $80,000
2014 $7,806 $130,000 $25,000 $105,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Christine Ayubi

    PRIME REAL ESTATE GROUP

    (201) 792-4300

    1 in this area

    88 Total Sales

    Section Image

  • J

    Seller Co-Listing Agent in 2021

    JAMES POMPA

    PRIME REAL ESTATE GROUP

    (201) 792-4300

    1 in this area

    11 Total Sales

    Section Image

  • R

    Buyer's Agent in 2021

    ROSSE MENDEZ

    ALLIANCE REALTY

See All Agents

Map

Source: Hudson County MLS

MLS Number: 210008546

Hudson County MLS

APN: 06-21401-0000-00040

New Jersey Hudson County Jersey City 07305 Bergen-Lafayette

706 Ocean Ave, Jersey City, NJ

This home is located at 706 Ocean Ave, Jersey City, NJ 07305 since 10 April 2021 and is currently estimated at $858,427. 706 Ocean Ave is a home located in Hudson County with nearby schools including Ollie Culbreth, Jr. School, PS #14, Henry Snyder High School, and Lincoln 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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