NOT LISTED FOR SALE

88 Sherman Place Jersey City, NJ 07307

The Heights Neighborhood

Estimated Value: $1,373,000 - $1,956,000

7 Beds
4.5 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold October 05, 2020

Last sale price $1,100,000

Est. 43% increase in value since last sale

Current estimated payment $10,108/month

144 Days on Market

Highlights

  • Colonial Architecture
  • Living Room
  • Dining Room
  • Liberty High School Rated A-
  • Central Air
  • 4-minute walk to Leonard Gordon Park

About This Home

As of October 2020

One of a kind 4 family on the nicest block in the Heights! 4 very large units in fantastic condition. 4 garage parking spots in addition to 7 driveway spaces. Development opportunity as well! NOI of $100,000 per year. Property being delivered vacant. Don’t miss out on this once in a lifetime opportunity! For Virtual Walkthroughs of the units, copy and paste the links below. http://my.matterport.com/show/?m=Eke8r6CmLR2 https://my.matterport.com/show/?m=pmGa74LrjcQ https://my.matterport.com/show/?m=TRY2Zb93AzR

Last Agent to Sell the Property

Dennis McGill

WEICHERT REALTORS License #1643530 Listed on: 03/20/2020

WEICHERT REALTORS

Last Buyer's Agent

Dennis McGill

WEICHERT REALTORS License #1643530 Listed on: 03/20/2020

WEICHERT REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,628

Lot Details

  • 8,712

Parking

  • 3 Parking Spaces

Home Design

  • Colonial Architecture
  • Aluminum Siding

Interior Spaces

  • Living Room
  • Dining Room
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms | 2 Main Level Bedrooms

Utilities

  • Central Air
  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Gas

Community Details

  • Insurance Expense $2,500
  • Water Sewer Expense $1,200

Listing and Financial Details

  • Legal Lot and Block 47 / 3602
  • Assessor Parcel Number 15077

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,628

Lot Details

0

Listing Details

  • Class: 3-4 FAMILY
  • Type: 4 Family
  • Building Style: Colonial
  • Exclusions: Personal Property
  • Inclusions: All Appliances
  • Lead Paint Form: Yes
  • Section: Heights
  • Assessor Parcel Number: 15077
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Type: Full
  • Total Bathrooms: 5
  • Total Full Baths: 4
  • Total Half Baths: 1
  • Total Bedrooms: 7
  • Total Dining Rooms: 4
  • Total Kitchens: 4
  • Total Living Rooms: 4
  • First Floor Bedrooms: 2
  • Floor 1 Dining Rooms: 1
  • First Full Floor Bathrooms: 1
  • Floor 1 Half Bathrooms: 1
  • Floor1 Kitchen: 1
  • Floor 1 Living Rooms: 1
  • Floor 1 Rent: 2200
  • Second Floor Bedrooms: 2
  • Floor 2 Dining Room: 1
  • Floor 2 Full Bathrooms: 1
  • Floor2 Kitchens: 1
  • Floor 2 Living Rooms: 1
  • Floor 2 Rent: 2200
  • Third Floor Bedrooms: 2
  • Floor 3 Dining Rooms: 1
  • Floor 3 Full Bathrooms: 1
  • Floor3 Kitchens: 1
  • Floor 3 Living Rooms: 1
  • Floor 3 Rent: 2200
  • Fourth Floor Bedrooms: 1
  • Floor 4 Dining Rooms: 1
  • Floor 4 Full Bathrooms: 1
  • Floor4 Kitchens: 1
  • Floor 4 Living Rooms: 1
  • Floor 4 Rent: 1400
  • Fl1 Rooms: 5
  • Fl2 Rooms: 5
  • Fl3 Rooms: 5
  • Fl4 Rooms: 4

Exterior Features

  • Exterior Finish: Aluminum/Vinyl

Garage/Parking

  • Parking Available: 3+ Cars, Other-See Remarks
  • Annual Water Sewer Expense: 2019

Utilities

  • Heat Expense: 3600
  • Heat Expense Year: 2019
  • Heating/Cooling: A/C Central, A/C Window, Gas, Radiators
  • Annual Insurance Expense: 2020

Fee Information

  • Insurance Expense: 2500
  • Water Sewer Expenses: 1200

Lot Info

  • Geo Address Line: 88 Sherman Pl
  • Geo Primary City: Jersey City
  • Geo Quality: 0.95
  • Geo Update Timestamp: 03/20/2020
  • Geo Zoom Level: 16
  • Lot: 47

Tax Info

  • Year: 2019
  • Taxes: 13628

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2020
Closed on
Oct 5, 2020
Sold by
Mcgill Steven
Bought by
Kadian Ritu
Seller's Agent
Dennis McGill
WEICHERT REALTORS
Buyer's Agent
Dennis McGill
WEICHERT REALTORS
List Price
$1,699,000
Sold Price
$1,100,000
Premium/Discount to List
-$599,000
-35.26%
Current Estimated Value
$1,577,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$477,442
Avg. Annual Appreciation
6.36%
Original Mortgage
$825,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2002
Sold by
Fargo Nicholas C
Bought by
Mcgill Steven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
5.99%

Purchase Details

Closed on
Jun 17, 1999
Sold by
Fowler Michael J and Fargo Nicholas C
Bought by
Fargo Nicholas C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.19%
Mortgage Type
Stand Alone First
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
Kadian Ritu $1,100,000 Lemonbrew Abstract
Kadian Ritu $1,100,000 Lemonbrew Abstract
Mcgill Steven $255,000 --
Mcgill Steven $255,000 --
Fargo Nicholas C -- --
Fargo Nicholas C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kadian Ritu $825,000
Previous Owner Mcgill Steven $195,000
Previous Owner Mcgill Steven $204,000
Previous Owner Fargo Nicholas C $180,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2020 10/05/20 Sold $1,100,000 -31.0% --
08/11/2020 08/11/20 Pending -- -- --
07/09/2020 07/09/20 Price Changed $1,595,000 -6.1% --
03/20/2020 03/20/20 For Sale $1,699,000 -- --
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 $20,452 $915,900 $323,500 $592,400
2024 $20,580 $915,900 $323,500 $592,400
2023 $20,580 $915,900 $323,500 $592,400
2022 $19,399 $915,900 $323,500 $592,400
2021 $14,691 $915,900 $323,500 $592,400
2020 $14,746 $915,900 $323,500 $592,400
2019 $14,105 $915,900 $323,500 $592,400
2018 $1,735 $915,900 $323,500 $592,400
2017 $9,095 $116,600 $40,700 $75,900
2016 $8,979 $116,600 $40,700 $75,900
2015 $8,724 $116,600 $40,700 $75,900
2014 $8,668 $116,600 $40,700 $75,900
Source: Public Records

Agents Affiliated with this Home

  • Dennis McGill

    Seller's Agent in 2020

    Dennis McGill

    Weichert Corporate

    (908) 448-7279

    13 in this area

    53 Total Sales

    Dennis McGill
    Section Image
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Map

Source: Hudson County MLS

MLS Number: 202005475

Hudson County MLS

APN: 06-03602-0000-00047

New Jersey Hudson County Jersey City 07307 The Heights

88 Sherman Place, Jersey City, NJ

This home is located at 88 Sherman Place, Jersey City, NJ 07307 since 20 March 2020 and is currently estimated at $1,577,442. 88 Sherman Place is a home located in Hudson County with nearby schools including Nicolas Copernicus No. 25 Elementary School, William L. Dickinson High School, and Liberty 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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