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247 Academy Street

247 Academy Street, Jersey City, NJ 07306
Townhouse in Journal Square
Sold Dec 14, 2022
$938,000
$688,000 by Wells Fargo Bank Na
Mortgage Due Dec 01, 2052
Sold Jul 25, 2008
$415,000
$394,250 by First Horizon Home Loans
Mortgage Due May 01, 2038
Local assessors in Jersey City, NJ have categorized 247 Academy Street as a residential type of property. The home was built in 1930 and is 94 years old. The property's lot size has been calculated to be 1,998 square feet. The linear feet between the front and back of the lot was measured at 1,000 ft and the front of the lot was measured at 200 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a colonial style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 247 Academy Street has a total of 1,414 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The home's a heating system is the primary heating source. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 247 Academy Street was last sold in Nov 2, 2022 for $938,000. According to our calculations, that's $663.37 per sqft. Prior to that sales transaction, the property was sold for $415,000 in Apr 30, 2008. Current property owners are expected to pay $12,026 in taxes per year. The property on 247 Academy Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $535,200. To break that down further, the land itself was valued at $300,000. While improvements to the property were assessed at a total of $235,200. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Total Rooms: 4
  • Bedroom Count: 4
  • Construction Type: Frame
  • Building Style: Colonial
  • Floor Count: 3
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 707
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 1,998
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 200
  • Total Building Area: 1,414
  • Building Area: 1,414
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,414
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.046
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : LU DANNI
  • Current Owner 2: NEWCOMB SILAS
  • Previous Owner : LUSE CHERYL
  • Owner Before Previous Owner: VI BRYAN D
  • Owner Before Previous Owner 2: CHAO PEI
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Jersey City School District
  • Census Tract: 002002

Geography

  • Assessors Map Reference: TAX MAP 122
  • Account Number: 00318600
  • District: 06
  • Parcel: 06 12203-0000-00024
  • Block: 12203
  • Lot: 24
  • Municipality: JERSEY CITY CITY
  • Latitude: 40.7284
  • Longitude: -74.0649

    Address

  • Full Address: 247 Academy St
  • Address - House Number: 247
  • Address - Street Name: Academy
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Jersey City
  • Carrier Code: C053
  • 4-Digit Zip Code: 3218
  • Zip Code: 07306

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,026

    Appraisal Valuation

  • Standard Deviation: 0.0941
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 91
  • Final Value: 1,152,024
  • High Value: 1,260,434
  • Low Value: 1,043,613

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $688,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Dec 14, 2022
  • First Open Lien Mortgage Loan Amount: $688,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2052

    Market Valuation

  • Market Total Value: $535,200
  • Market Land Value: $300,000
  • Market Improvement Value: $235,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $535,200
  • Assessed Land Value: $300,000
  • Assessed Improvements Value: $235,200

    Sales

  • Current Sale Contract Date: Nov 02, 2022
  • Current Sale Recording Date: Dec 14, 2022
  • Current Sale Transaction ID: 11904241157
  • Current Sale Price: $938,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 10119540
  • Previous Sale Recording Date: Jul 25, 2008
  • Previous Sale Contract Date: Apr 30, 2008
  • Previous Sale Amount: $415,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Dec 14, 2022
  • First Mortgage Loan Amount: $688,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: FIRST HORIZON HOME LOANS
  • Previous Mortgage Transaction Date: Jul 25, 2008
  • Previous Mortgage Loan Amount: $394,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: May 01, 2038

About Journal Square



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Nearby Rentals

Unit for rent at

$7,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,285 ft²
Listing by NATALIE ESFANDIARI

Frequently Asked Questions

What neighborhood is 247 Academy Street located in?
The 247 Academy Street is a townhouse located in the neighborhood of Journal Square in Journal Square, Jersey City.
What is the average sales price for listings in 247 Academy Street?
The average sales price for units in 247 Academy Street is $0 currently.

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