See Home Value
$2,933,912*
House - Off Market

197 BAY ST

JC, Downtown, NJ 07302
bedrooms
3 Beds
bathrooms
1 Bath
$2,610,000 - $3,190,000
Reference Base Price*
1.17%
Since Aug 1, 2023
NY-New York
Primary Model
Sold Dec 29, 1979
$7,000

About This Property

Excellent opportunity to be part of Jersey City's Morgan-Grove-Marin redevelopment area. 25 x 100 lot. Plan calls for a tear down and rebuild ; allowed four (4) stories, 75% building coverage. Please verify MGM Redevelopment plan (copy attached) with the Division of City Planning.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1887

Price History

Date / Event Date Event Price
Jul 31, 2023 No longer available -
No longer available
Jan 29, 2023 Listed $2,900,000
Listed

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1887
  • Effective Year Built: 1887
  • Total Rooms: 2
  • Bedroom Count: 2
  • Construction Type: Frame
  • Building Style: Colonial
  • Exterior Walls Type: Stucco
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 403
  • Garage Type: Attached
  • Garage Square Area: 300
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 2,500
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,393
  • Building Area: 1,393
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,393
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.057
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : EST OF D.ANDERSON
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Jersey City School District
  • Census Tract: 007002

Geography

  • Assessors Map Reference: TAX MAP 115
  • Account Number: 00009936
  • District: 06
  • Parcel: 06 11507-0000-00003
  • Block: 11507
  • Lot: 3
  • Municipality: JERSEY CITY CITY
  • Latitude: 40.7207
  • Longitude: -74.0419

    Address

  • Full Address: 197 Bay St
  • Address - House Number: 197
  • Address - Street Name: Bay
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Jersey City
  • Carrier Code: C046
  • 4-Digit Zip Code: 2912
  • Zip Code: 07302

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $20,201

    Appraisal Valuation

  • Standard Deviation: 0.2785
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 60
  • Final Value: 2,106,016
  • High Value: 2,692,751
  • Low Value: 1,519,280

    Market Valuation

  • Market Total Value: $899,000
  • Market Land Value: $720,000
  • Market Improvement Value: $179,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $899,000
  • Assessed Land Value: $720,000
  • Assessed Improvements Value: $179,000

    Exemptions

  • Senior Citizen Exemption : Yes

    Sales

  • Current Sale Contract Date: Dec 29, 1979
  • Current Sale Recording Date: Dec 29, 1979
  • Current Sale Transaction ID: 1688541492
  • Current Sale Price: $7,000
  • Current Sale Document Type: Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Co-op
3 Beds
3 Baths
1,586 ft²
$1,725/ft²
$2,736,000 Feb 23, 2022
$2,736,000 Sep 23, 2022
$4,654/mo
Co-op
3 Beds
3 Baths
1,621 ft²
$1,959/ft²
$3,175,000 Mar 23, 2022
$3,175,000 Sep 29, 2022
$4,618/mo
Co-op
3 Beds
3 Baths
1,621 ft²
$1,610/ft²
$2,609,200 Mar 22, 2022
$2,609,200 Sep 7, 2022
$4,599/mo
Townhouse
3 Beds
2.5 Baths
2,800 ft²
$875/ft²
$2,450,000 Oct 7, 2022
-
-
Townhouse
4 Beds
2.5 Baths
-
$3,195,000 Jan 26, 2023
-
-

About Historic Downtown


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Frequently Asked Questions

When was property at 197 Bay Street built and last sold?
The property at 197 Bay Street was built in 1887 and last sold on Dec 29, 1979 for $7,000.
How much is this home worth?
The estimated value of the home located at 197 Bay Street is $2,929,000.
What are some comparable homes to 197 Bay Street?
Homes that are comparable to 197 Bay Street include a townhouse property at 92 Jefferson Street, 38 Mercer Street, 20 River Terrace.

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