NOT LISTED FOR SALE

740 Ocean Ave Jersey City, NJ 07305

Bergen-Lafayette Neighborhood

Estimated Value: $491,563

6 Beds
2.5 Baths
700 Sq Ft
$702/Sq Ft Est. Value

Last Sold September 21, 2012

Last sale price $85,000 $121 Per Sq Ft

Est. 478% increase in value since last sale

Current estimated payment $3,677/month

97 Days on Market

Highlights

  • Living Room
  • Liberty High School Rated A-
  • 2-minute walk to Martin Luther King Drive

About This Home

As of September 2012

3 UNITS (1 COMMERCIAL SPACE ON BOTTOM, 2 RESIDENTIAL APTS ON TOP). BACK STORAGE BUILDING, SOLID BUILDING, NEEDS TOTAL REHAB, GREAT OPPTY. ***SELLER FINANCING W/20% DOWN TO QUALIFIED BUYERS*** SOLD STRICTLY AS-IS. BUYER RESP FOR ALL REPAIRS AND CITY REQUIREMENTS **** PRESENT ALL OFFERS

Last Agent to Sell the Property

GREG PANAYOTI

GARDEN STATE REALTY GROUP, LLC License #9799532 Listed on: 04/24/2012

Last Buyer's Agent

Issa Musharbash

PROVIDENT LEGACY REAL ESTATE SERVICES LLC License #1007071

Property Details

Home Type

  • Multi-Family

Lot Details

  • 3,920

Home Design

  • Aluminum Siding

Bedrooms and Bathrooms

  • 6 Bedrooms

Additional Features

  • Living Room
  • Lot Dimensions are 34x115

Listing and Financial Details

  • Legal Lot and Block 00012 C / 01999
  • Assessor Parcel Number 41849

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Class: 2 FAMILY
  • Type: 2 Family
  • Assessor Parcel Number: 41849
  • Special Features: 20
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 3
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Total Bedrooms: 6
  • Total Other Rooms: 3
  • Total Kitchens: 2
  • Total Living Rooms: 2
  • Floor 1 Half Bathrooms: 1
  • Floor1 Other: 3
  • Second Floor Bedrooms: 6
  • Floor 2 Full Bathrooms: 2
  • Floor2 Kitchens: 2
  • Floor 2 Living Rooms: 2
  • Fl2 Rooms: 10

Exterior Features

  • Exterior Finish: Aluminum/Vinyl, Block

Lot Info

  • Geo Quality: 1
  • Geo Update Timestamp: 10/05/2012
  • Geo Zoom Level: 16
  • Lot: 00012 C
  • Lot Size: 34x115

Tax Info

  • Taxes: 9580

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2020
Sold by
Cabrera Blanca and Cabrera Edward
Bought by
Torch Investments Llc
Current Estimated Value
$491,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$459,500
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 24, 2012
Closed on
Sep 20, 2012
Sold by
Acm Browncroft Cr Llc
Bought by
Cabrera Blanca
Seller's Agent
GREG PANAYOTI
GARDEN STATE REALTY GROUP, LLC
Buyer's Agent
Issa Musharbash
PROVIDENT LEGACY REAL ESTATE SERVICES LLC
List Price
$109,000
Sold Price
$85,000
Premium/Discount to List
-$24,000
-22.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.49%

Purchase Details

Closed on
Jan 31, 2012
Sold by
Cvm I Reo Llc
Bought by
Acm Browncroft Cr Llc

Purchase Details

Closed on
Dec 15, 2006
Sold by
Ross Beverly
Bought by
Daniel Bradford

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 2004
Sold by
Orac Inc
Bought by
Exodus Financial Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,500
Interest Rate
5.69%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 4, 2001
Sold by
Wade Solomon
Bought by
O R A C 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
Torch Investments Llc $360,000 Belmont Ttl & Setmnt Svcs Ll
Cabrera Blanca $85,000 None Available
Acm Browncroft Cr Llc $53,327 None Available
Daniel Bradford $585,000 Commonwealth
Exodus Financial Services Inc $250,000 --
O R A C Inc $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Torch Investments Llc $1,386,654
Closed Torch Investments Llc $1,081,700
Previous Owner Torch Investments Llc $459,500
Previous Owner Daniel Bradford $146,250
Previous Owner Daniel Bradford $380,000
Previous Owner Ross Beverly $252,500
Previous Owner Ross Beverly $281,250
Previous Owner Exodus Financial Services Inc $252,500
Previous Owner Wade Solomon $860,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2012 09/21/12 Sold $85,000 -22.0% $121 / Sq Ft
07/30/2012 07/30/12 Pending -- -- --
04/24/2012 04/24/12 For Sale $109,000 -- $156 / 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 $12,232 $632,200 $136,500 $495,700
2024 $12,309 $547,800 $136,500 $411,300
2023 $12,309 $547,800 $136,500 $411,300
2022 $11,602 $547,800 $136,500 $411,300
2021 $8,787 $547,800 $136,500 $411,300
2020 $8,820 $547,800 $136,500 $411,300
2019 $8,436 $547,800 $136,500 $411,300
2018 $2,034 $547,800 $136,500 $411,300
2017 $10,663 $136,700 $10,700 $126,000
2016 $10,527 $136,700 $10,700 $126,000
2015 $10,228 $136,700 $10,700 $126,000
2014 $7,434 $136,700 $10,700 $126,000
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2012

    GREG PANAYOTI

    GARDEN STATE REALTY GROUP, LLC

  • Issa Musharbash

    Buyer's Agent in 2012

    Issa Musharbash

    PROVIDENT LEGACY REAL ESTATE SERVICES LLC

    (201) 401-6567

    6 Total Sales

    Issa Musharbash
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Map

Source: Hudson County MLS

MLS Number: 120004905

Hudson County MLS

APN: 06-21401-0000-00052

New Jersey Hudson County Jersey City 07304 Bergen-Lafayette

740 Ocean Ave, Jersey City, NJ

This home is located at 740 Ocean Ave, Jersey City, NJ 07305 since 24 April 2012 and is currently estimated at $491,563, approximately $702 per square foot. 740 Ocean Ave is a home located in Hudson County with nearby schools including Ollie Culbreth, Jr. School, PS #14, Lincoln High School, and Henry Snyder 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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