1575 Gerome Avenue

1575 Gerome Avenue in Fort Lee, NJ was first built in 1905 and is 119 years old. This has been categorized as a residential property type. There are a total of 2 floors. 1575 Gerome Avenue has 2,275 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 520 ft and the linear feet between the front and back of the lot is 1,050. In total, the area measurement of the land is 5,460 square feet.

Learn more about the property and building on this page. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with other control joints. The exterior walls of the home are made of stucco. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1575 Gerome Avenue sold most recently in Jun 13, 2011 for a total of $505,000. If you work out the math, that's approximately a cost of $221.98 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $13,341 in taxes each year. 1575 Gerome Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $537,300. If we break it down further, the land itself was valued at $359,000. Improvements to the property, however, were assessed at a total of $178,300. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.