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7 Madison Avenue

7 Madison Avenue, Jersey City, NJ 07304
Sold Feb 08, 2016
$260,000
$195,000 by Bollings Springs Savings Bank
Mortgage Due Feb 01, 2046
Local assessors in Jersey City, NJ have categorized 7 Madison Avenue as a residential type of property. The home was built in 1895 and is 129 years old. The property's lot size has been calculated to be 1,336 square feet. The linear feet between the front and back of the lot was measured at 802 ft and the front of the lot was measured at 167 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 5 rooms in the home. Of these, 5 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 4 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 7 Madison Avenue has a total of 2,304 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 brick control joints. Lots of brick were used in the construction of the exterior walls of the home. 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, 7 Madison Avenue was last sold in Jan 28, 2016 for $260,000. According to our calculations, that's $112.85 per sqft. Current property owners are expected to pay $10,224 in taxes per year. The property on 7 Madison Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $455,000. To break that down further, the land itself was valued at $81,300. While improvements to the property were assessed at a total of $373,700. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1895
  • Effective Year Built: 1895
  • Total Rooms: 5
  • Bedroom Count: 5
  • Construction Type: Brick
  • Building Style: Colonial
  • Exterior Walls Type: Brick
  • Floor Count: 4
  • Living Units: 2
  • Basement Type: Unspecified basement
  • Basement Area: 768
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,336
  • Lot Size Depth Feet: 802
  • Lot Size Frontage Feet: 167
  • Total Building Area: 2,304
  • Gross Building Area: 2,304
  • Building Area: 2,304
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Yes
  • Heated Square Feet: 2,304
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PROPERTY OF J M BARROWS BERGEN
  • Land Acres: 0.031
  • Standard Land Use Code: Duplex (2 units, any combination)

Ownership

  • Current Owner : CHOCOLATE THUNDER LLC
  • Previous Owner : MARTIN MARY
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Jersey City School District
  • Census Tract: 004300

Geography

  • Assessors Map Reference: TAX MAP 186
  • Account Number: 00342410
  • District: 06
  • Parcel: 06 18604-0000-00040
  • Block: 18604
  • Lot: 40
  • Municipality: JERSEY CITY CITY
  • Latitude: 40.715
  • Longitude: -74.0736

    Address

  • Full Address: 7 Madison Ave
  • Address - House Number: 7
  • Address - Street Name: Madison
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Jersey City
  • Carrier Code: C015
  • 4-Digit Zip Code: 2818
  • Zip Code: 07304

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $10,224

    Appraisal Valuation

  • Standard Deviation: 0.2739
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 60
  • Final Value: 635,479
  • High Value: 809,567
  • Low Value: 461,391

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $195,000
  • First Open Lien Mortgage Lender: BOLLINGS SPRINGS SAVINGS BANK
  • First Open Lien Mortgage Recording Date: Feb 08, 2016
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $195,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2046

    Market Valuation

  • Market Total Value: $455,000
  • Market Land Value: $81,300
  • Market Improvement Value: $373,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $455,000
  • Assessed Land Value: $81,300
  • Assessed Improvements Value: $373,700

    Sales

  • Current Sale Contract Date: Jan 28, 2016
  • Current Sale Recording Date: Feb 08, 2016
  • Current Sale Transaction ID: 1469973874
  • Current Sale Price: $260,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 20160208010014500

    Last Sale Mortgage

  • First Mortgage Lender: BOLLINGS SPRINGS SAVINGS BANK
  • First Mortgage Transaction Date: Feb 08, 2016
  • First Mortgage Loan Amount: $195,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Feb 01, 2046

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 7 Madison Avenue located in?
The 7 Madison Avenue is a located in the neighborhood of Bergen - Lafayette in Bergen - Lafayette, Jersey City.
What is the average sales price for listings in 7 Madison Avenue?
The average sales price for units in 7 Madison Avenue is $0 currently.

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