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97 Chestnut Avenue

97 Chestnut Avenue, Jersey City, NJ 07306
Property in Journal Square
Sold Jan 12, 2018
$995,000
$225,000 by New Jersey Lenders Corp
Mortgage Due Feb 01, 2048
Sold Jul 01, 2015
$125,000
97 Chestnut Avenue in Jersey City, NJ was first built in 2017 and is 7 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a colonial style. There are a total of 3 floors. There are a total of 7 rooms in the home, of which, 7 are bedrooms. 97 Chestnut Avenue has 4,164 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 215 ft and the linear feet between the front and back of the lot is 1,050. In total, the area measurement of the land is 2,258 square feet.

Learn more about the property and building on this page. For those who need parking, there is a attached garage. The garage is 216 sqft. There is one available parking space. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 97 Chestnut Avenue sold most recently in Jan 5, 2018 for a total of $995,000. If you work out the math, that's approximately a cost of $233.95 per sqft. Before that, the property was also sold for $125,000 in Jun 4, 2015. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $17,700 in taxes each year. 97 Chestnut Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $787,700. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Total Rooms: 7
  • Bedroom Count: 7
  • Building Style: Colonial
  • Floor Count: 3
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 216
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 2,258
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 215
  • Total Building Area: 4,253
  • Gross Building Area: 4,253
  • Building Area: 4,253
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 4,164
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PLAN OF SURVEY TAX LOT 43 BLK 10901
  • Land Acres: 0.051
  • Standard Land Use Code: Duplex (2 units, any combination)

Ownership

  • Current Owner : MORRIS RITA
  • Previous Owner : TSENG KUEI MEI
  • Previous Owner 2: TSENG LIEN YI
  • Owner Before Previous Owner: SHARMA PRAMILA K
  • Owner Before Previous Owner 2: SHARMA PANKAU
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Jersey City School District
  • Census Tract: 007100

Geography

  • Assessors Map Reference: TAX MAP 109
  • Account Number: 00054379
  • District: 06
  • Parcel: 06 10901-0000-00043
  • Block: 10901
  • Lot: 43
  • Municipality: JERSEY CITY CITY
  • Latitude: 40.7286
  • Longitude: -74.0582

    Address

  • Full Address: 97 Chestnut Ave
  • Address - House Number: 97
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Ave
  • State: NJ
  • City Name: Jersey City
  • Carrier Code: C063
  • 4-Digit Zip Code: 1421
  • Zip Code: 07306

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $17,700

    Appraisal Valuation

  • Standard Deviation: 0.2683
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 61
  • Final Value: 1,200,037
  • High Value: 1,522,111
  • Low Value: 877,963

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $225,000
  • First Open Lien Mortgage Lender: NEW JERSEY LENDERS CORP
  • First Open Lien Mortgage Recording Date: Jan 12, 2018
  • First Open Lien Mortgage Loan Amount: $225,000
  • 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: Feb 01, 2048

    Market Valuation

  • Market Total Value: $991,100
  • Market Land Value: $313,000
  • Market Improvement Value: $678,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $787,700

    Sales

  • Current Sale Contract Date: Jan 05, 2018
  • Current Sale Recording Date: Jan 12, 2018
  • Current Sale Transaction ID: 11441436707
  • Current Sale Price: $995,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 20180112010004510
  • Previous Sale Recording Date: Jul 01, 2015
  • Previous Sale Contract Date: Jun 04, 2015
  • Previous Sale Amount: $125,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEW JERSEY LENDERS CORP
  • First Mortgage Transaction Date: Jan 12, 2018
  • First Mortgage Loan Amount: $225,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2048

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Frequently Asked Questions

What neighborhood is 97 Chestnut Avenue located in?
The 97 Chestnut Avenue is a located in the neighborhood of Journal Square in Journal Square, Jersey City.
What is the average sales price for listings in 97 Chestnut Avenue?
The average sales price for units in 97 Chestnut Avenue is $0 currently.

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