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342 Forrest Street

342 Forrest Street, Jersey City, NJ 07304
Multifamily in Bergen - Lafayette
Sold Mar 16, 2023
$700,000
$490,000 by Cathay Bank
Mortgage Due Apr 01, 2053
Sold Mar 28, 2014
$255,000
$50,000 by Abhinav Saigal
Mortgage Due Mar 24, 2015
342 Forrest Street has been categorized by the local assessors in Jersey City, NJ as a residential type of property. The building on the property was first built in 2007 and is 17 years old. The home has a total of 6 rooms. 6 of these rooms are legally considered as bedrooms. The building has a total of 2 stories. In addition, 342 Forrest Street has 2,480 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 250 ft. The area measurement of the land has been determined as 2,500 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage underground or in the basement for those who require parking. The garage measured 240 sqft. According to our sources, there is one available parking space. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with brick control joints. The exterior walls of the building are made of brick. The property was last sold in Jan 31, 2023 for $700,000. That's $282.26 per sqft. Prior to that sales transaction, the property was also sold in Mar 24, 2014 for $255,000. 342 Forrest Street was last assessed in 2023. The total value of the property was assessed at $414,600. Specifically, the land the property is located on was valued at $100,000. While improvements on the property were assessed at a total of $314,600. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $9,316. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Aluminum Siding
Brick Exterior
Vinyl Siding

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Total Rooms: 6
  • Bedroom Count: 6
  • Construction Type: Brick
  • Building Style: Colonial
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Living Units: 2
  • Basement Type: Unspecified basement
  • Basement Area: 1,000
  • Garage Type: Underground/basement
  • Garage Square Area: 240
  • 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: 2,480
  • Gross Building Area: 2,480
  • Building Area: 2,480
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,480
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.057
  • Standard Land Use Code: Duplex (2 units, any combination)

Ownership

  • Current Owner : JIANGUO LI
  • Current Owner 2: MIN LANLAN
  • Previous Owner : 342 FORREST STREET LLC
  • Owner Before Previous Owner: TODD ORGANIZATION
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Jersey City School District
  • Census Tract: 004400

Geography

  • Assessors Map Reference: TAX MAP 195
  • Account Number: 00351742
  • District: 06
  • Parcel: 06 19503-0000-00057
  • Block: 19503
  • Lot: 57
  • Municipality: JERSEY CITY CITY
  • Latitude: 40.7138
  • Longitude: -74.0782

    Address

  • Full Address: 342 Forrest St
  • Address - House Number: 342
  • Address - Street Name: Forrest
  • Address - Suffix Type: St
  • State: NJ
  • City Name: Jersey City
  • Carrier Code: C013
  • 4-Digit Zip Code: 2208
  • Zip Code: 07304

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,316

    Appraisal Valuation

  • Standard Deviation: 0.2592
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 63
  • Final Value: 743,078
  • High Value: 935,750
  • Low Value: 550,405

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $490,000
  • First Open Lien Mortgage Lender: CATHAY BANK
  • First Open Lien Mortgage Recording Date: Mar 16, 2023
  • First Open Lien Mortgage Loan Amount: $490,000
  • 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: Apr 01, 2053

    Market Valuation

  • Market Total Value: $414,600
  • Market Land Value: $100,000
  • Market Improvement Value: $314,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $414,600
  • Assessed Land Value: $100,000
  • Assessed Improvements Value: $314,600

    Sales

  • Current Sale Contract Date: Jan 31, 2023
  • Current Sale Recording Date: Mar 16, 2023
  • Current Sale Transaction ID: 11905486464
  • Current Sale Price: $700,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 10018910
  • Previous Sale Recording Date: Mar 28, 2014
  • Previous Sale Contract Date: Mar 24, 2014
  • Previous Sale Amount: $255,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CATHAY BANK
  • First Mortgage Transaction Date: Mar 16, 2023
  • First Mortgage Loan Amount: $490,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: ABHINAV SAIGAL
  • Previous Mortgage Transaction Date: Mar 28, 2014
  • Previous Mortgage Loan Amount: $50,000
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Stand Alone First
  • Previous Mortgage Loan Due Date: Mar 24, 2015

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Frequently Asked Questions

What neighborhood is 342 Forrest Street located in?
The 342 Forrest Street is a multifamily located in the neighborhood of Bergen - Lafayette in Bergen - Lafayette, Jersey City.
What is the average sales price for listings in 342 Forrest Street?
The average sales price for units in 342 Forrest Street is $0 currently.

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