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312 Fairmount Avenue

312 Fairmount Avenue, Jersey City, NJ 07306
Property in McGinley Square
Sold Sep 22, 2022
$640,000
$512,000 by Acre Mortgage & Financial Inc
Mortgage Due Sep 01, 2052
Local assessors in Jersey City, NJ have categorized 312 Fairmount Avenue as a residential type of property. The home was built in 1940 and is 84 years old. The property's lot size has been calculated to be 2,780 square feet. The linear feet between the front and back of the lot was measured at 1,112 ft and the front of the lot was measured at 250 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 2 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 312 Fairmount Avenue has a total of 1,276 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. 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, 312 Fairmount Avenue was last sold in Aug 29, 2022 for $640,000. According to our calculations, that's $501.57 per sqft. Current property owners are expected to pay $7,671 in taxes per year. The property on 312 Fairmount Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $341,400. To break that down further, the land itself was valued at $230,000. While improvements to the property were assessed at a total of $111,400. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

Building Features

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Total Rooms: 4
  • Bedroom Count: 4
  • Construction Type: Frame
  • Building Style: Colonial
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 560
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,780
  • Lot Size Depth Feet: 1,112
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,276
  • Building Area: 1,276
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 1,276
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.064
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : SUNDARARAJAN SHARAD C
  • Previous Owner : MELAKU SELAMAWIT
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Jersey City School District
  • Census Tract: 002900

Geography

  • Assessors Map Reference: TAX MAP 149
  • Account Number: 00304030
  • District: 06
  • Parcel: 06 14905-0000-00021
  • Block: 14905
  • Lot: 21
  • Municipality: JERSEY CITY CITY
  • Latitude: 40.7251
  • Longitude: -74.0699

    Address

  • Full Address: 312 Fairmount Ave
  • Address - House Number: 312
  • Address - Street Name: Fairmount
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Jersey City
  • Carrier Code: C056
  • 4-Digit Zip Code: 4809
  • Zip Code: 07306

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,671

    Appraisal Valuation

  • Standard Deviation: 0.2649
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 62
  • Final Value: 609,402
  • High Value: 770,857
  • Low Value: 447,947

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $512,000
  • First Open Lien Mortgage Lender: ACRE MORTGAGE & FINANCIAL INC
  • First Open Lien Mortgage Recording Date: Sep 22, 2022
  • First Open Lien Mortgage Loan Amount: $512,000
  • 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: Sep 01, 2052

    Market Valuation

  • Market Total Value: $341,400
  • Market Land Value: $230,000
  • Market Improvement Value: $111,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $341,400
  • Assessed Land Value: $230,000
  • Assessed Improvements Value: $111,400

    Sales

  • Current Sale Contract Date: Aug 29, 2022
  • Current Sale Recording Date: Sep 22, 2022
  • Current Sale Transaction ID: 11901858946
  • Current Sale Price: $640,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 10096420

    Last Sale Mortgage

  • First Mortgage Lender: ACRE MORTGAGE & FINANCIAL INC
  • First Mortgage Transaction Date: Sep 22, 2022
  • First Mortgage Loan Amount: $512,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2052

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Frequently Asked Questions

What neighborhood is 312 Fairmount Avenue located in?
The 312 Fairmount Avenue is a located in the neighborhood of McGinley Square in McGinley Square, Jersey City.
What is the average sales price for listings in 312 Fairmount Avenue?
The average sales price for units in 312 Fairmount Avenue is $0 currently.

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