NOT LISTED FOR SALE

86 Terrace Ave Jersey City, NJ 07307

The Heights Neighborhood

Estimated Value: $803,000 - $1,166,000

6 Beds
4 Baths
-- Sq Ft
2,483 Sq Ft Lot

Last Sold February 13, 2023

Last sale price $641,000

Est. 60% increase in value since last sale

Current estimated payment $6,525/month

185 Days on Market

Highlights

  • 2 Car Garage
  • Liberty High School Rated A-
  • 4-minute walk to Terrace Avenue Park

About This Home

As of February 2023

HOME SOLD STRICTLY AS IS- NEEDS TLC. MULTIFAMILY IN HEIGHTS AREA - 2 UNITS - 3BED/2 BATH - TENANT OCCUPIED ON MONTH TO MONTH BASEMENT HAS LAUNDRY FACILITIES

Last Agent to Sell the Property

Vincent Baricaua

REMAX OUR TOWN License #0787078 Listed on: 04/15/2022

REMAX OUR TOWN

Last Buyer's Agent

MANGESH CHAUHAN

BLUE SKYES REALTY LLC License #1973868

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,196

Lot Details

  • 2,483

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 6 Bedrooms | 3 Main Level Bedrooms

Listing and Financial Details

  • Exclusions: ALL PERSONAL PROPERTIES
  • Legal Lot and Block 33 / 931
  • Assessor Parcel Number 49240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,196

Lot Details

0

Listing Details

  • Class: 2 FAMILY
  • Type: 2 Family
  • Exclusions: ALL PERSONAL PROPERTIES
  • Section: Heights
  • Assessor Parcel Number: 49240
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 4
  • Total Full Baths: 4
  • Total Bedrooms: 6
  • First Floor Bedrooms: 3
  • First Full Floor Bathrooms: 2
  • Floor 1 Rent: 1500
  • Second Floor Bedrooms: 3
  • Floor 2 Full Bathrooms: 2
  • Floor 2 Rent: 1250
  • Fl1 Rooms: 3
  • Fl2 Rooms: 3

Exterior Features

  • Exterior Finish: Brick

Garage/Parking

  • Parking Available: 2 Cars, Garage

Lot Info

  • Geo Address Line: 86 Terrace Ave
  • Geo Primary City: Jersey City
  • Geo Quality: 0.95
  • Geo Update Timestamp: 04/15/2022
  • Geo Zoom Level: 16
  • Lot: 33

Tax Info

  • Taxes: 8196

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2024
Sold by
Doultani Mayank Ravikumar and Chauhan Mangesh V
Bought by
Apnaghar Property Management Realty
Current Estimated Value
$1,022,975

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$724,500
Interest Rate
6.85%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 15, 2022
Closed on
Jan 2, 2023
Sold by
Gandhi Natvarlal N and Gandhi Kalavatiben N
Bought by
Doultani Mayank Ravikumar and Chauhan Mangesh V
Seller's Agent
Vincent Baricaua
REMAX OUR TOWN
Buyer's Agent
MANGESH CHAUHAN
BLUE SKYES REALTY LLC
List Price
$749,000
Sold Price
$641,000
Premium/Discount to List
-$108,000
-14.42%
Views
7

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.81%
Original Mortgage
$619,608
Interest Rate
6.79%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 16, 1979
Bought by
Gandhi Natvarlal and Gandhi Kalavatiben
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
Apnaghar Property Management Realty -- Old Republic Title
Doultani Mayank Ravikumar $641,000 Fidelity National Title
Gandhi Natvarlal $64,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Apnaghar Property Management Realty $724,500
Previous Owner Doultani Mayank Ravikumar $631,700
Previous Owner Doultani Mayank Ravikumar $619,608
Previous Owner Gandhi Natvarlal N $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2023 02/13/23 Sold $641,000 -14.4% --
10/17/2022 10/17/22 Pending -- -- --
06/28/2022 06/28/22 For Sale $749,000 0.0% --
06/03/2022 06/03/22 Pending -- -- --
05/24/2022 05/24/22 For Sale $749,000 0.0% --
04/29/2022 04/29/22 Pending -- -- --
04/15/2022 04/15/22 For Sale $749,000 -- --
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 $11,411 $511,000 $190,000 $321,000
2024 $11,482 $511,000 $190,000 $321,000
2023 $11,482 $511,000 $190,000 $321,000
2022 $10,823 $511,000 $190,000 $321,000
2021 $8,196 $511,000 $190,000 $321,000
2020 $8,227 $511,000 $190,000 $321,000
2019 $7,869 $511,000 $190,000 $321,000
2018 $2,150 $511,000 $190,000 $321,000
2017 $11,271 $144,500 $20,000 $124,500
2016 $11,128 $144,500 $20,000 $124,500
2015 $10,811 $144,500 $20,000 $124,500
2014 $10,742 $144,500 $20,000 $124,500
Source: Public Records

Agents Affiliated with this Home

  • Vincent Baricaua

    Seller's Agent in 2023

    Vincent Baricaua

    RE/MAX

    (732) 921-0389

    1 in this area

    187 Total Sales

    Vincent Baricaua
    Section Image

  • M

    Buyer's Agent in 2023

    MANGESH CHAUHAN

    BLUE SKYES REALTY LLC

    (973) 641-0121

    1 in this area

    7 Total Sales

    MANGESH CHAUHAN
    Section Image
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Map

Source: Hudson County MLS

MLS Number: 220006594

Hudson County MLS

APN: 06-02504-0000-00007

New Jersey Hudson County Jersey City 07307 The Heights

86 Terrace Ave, Jersey City, NJ

This home is located at 86 Terrace Ave, Jersey City, NJ 07307 since 15 April 2022 and is currently estimated at $1,022,975. 86 Terrace Ave is a home located in Hudson County with nearby schools including Nicolas Copernicus No. 25 Elementary School, Liberty High School, and William L. Dickinson 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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