13 days on rocket

182 Summit Ave, Jersey City, NJ, 07304

$2,499,000

Home List Price

$10,000*

Closing Credit

12 Bedrooms
6 Full Baths, 1 Partial
Multi
Schools Nearby

Location

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182 Summit Ave, Jersey City$2,499,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingO/See Remk, Park Space
HeatingBaseboard, Electric, Natural Gas
CoolingElectric, Gas
WaterfrontNone
FireplaceNone
MLS #24011688
StatusActive
(ACTIVE)

About 182 Summit Ave

**Income-Producing Multi-Family Opportunity with Development Potential** Located on bustling Summit Avenue, this versatile property offers an incredible investment opportunity. Currently configured as an income-producing multi-family with split utilities, the property features bounce units ideal for owner-occupants or the potential to tear down and develop into condos. **Prime Location** Situated near transportation hubs, restaurants, parks, and all the amenities Summit Avenue has to offer, this property is in the heart of the action. **Parking and Garage** The property boasts ample parking with 5 spots in the front and a convenient 2-car detached garage in the back, providing added convenience and value. **Under Market Rent** Currently collecting under market rent, there is potential to increase income immediately. **Development Potential** With its flexible layout and development-friendly location, this property presents a rare chance to capitalize on the booming real estate mar

Property Details

Property Features

Listing Office:

  • Office Name: Coldwell Banker, Hoboken
  • Listing Agent: Jill Biggs

Interior Features

Interior Information:

  • Basement: No
  • Fireplace: None

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 6
  • Total Bedroom Count: 12

Exterior Features

Exterior Information:

  • Waterfront: None
  • Exterior: Aluminum, Vinyl, None

Parking Information:

  • Parking: O/See Remk, Park Space

Lot Features

Lot Information:

  • Lot: Irregular Lot

Utilities

Utilities Information:

  • Heating: Baseboard, Electric, Natural Gas
  • Cooling: Electric, Gas

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,499,000

Tax Information:

  • Annual Amount: $7,910
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Jersey City, NJ.

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Jersey City, NJ

City

Med. List Price

$620K

Med. Price/SqFt

$518

Avg. Days On Market

64

# of Sold Homes

7

182 Summit Ave vs Jersey City

13 DAYS ON ROCKET

-51 Days

$2,499,000

+$1.8M More

KEY TAKEAWAY

This property is $1.8M more than the Median List Price in Jersey City, NJ.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24011688

Listing Office:

  • Office Name: Coldwell Banker, Hoboken
  • Listing Agent: Jill Biggs

IDXDisclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2024 New Jersey Multiple Listing Service, Inc. All rights reserved.

Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 9:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 06, 2005Home Sold
$408,000
Jul 31, 2003Home Sold
$90,000
Jan 04, 1995Home Sold
$108,000
Nov 18, 1994Home Sold
$108,000

Tax History

YEARPROP. TAXASSESSMENT
2020$7,910$652,400
2019$9,707$652,400
2018$1,251$84,100
2017$6,560$84,100

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,559

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4643180
7
/10

  • Beloved Community Charter School

  • 508 Grand St

  • 0.48 miles

  • Public Charter Grades KG-3

school-card-donut-4643181
4
/10

  • Rev. Dr. Ercel F. Webb School

  • 264 Van Horne St

  • 0.56 miles

  • Public District Grades PK-5

school-card-donut-4643182
4
/10

  • Frank R Conwell School

  • 111 Bright St

  • 0.85 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,058. Most Jersey City, NJ residents have annual incomes between $35k-100k. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Hudson County›Jersey City›07304›182 Summit Ave

This home is located at 182 Summit Ave in Jersey City, NJ and zip code 07304 in the Bergen-Lafayette neighborhood. Features: 12 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since April 19, 2024 and is currently priced at $2,499,000.

The number of homes for sale in Jersey City, NJ increased by 60.9% between March 2024 and April 2024. While the average time on the market in April 2024 was 64 days, the median list price was $620,000.

From Rocket Homes Real Estate and based on county public records data.

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