5 months on rocket

331 Newark Ave, Jersey City, NJ, 07302

$5,250,000

5 Bedrooms
5 Full Baths, 2 Partial
House
Schools Nearby

Location

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Property Highlights

ParkingAttached, O/See Remk
Attached GarageYes
HeatingNatural Gas, Forced Air
CoolingGas
BasementYes
WaterfrontNone
Fireplace1 Fireplace
ViewCity, River
MLS #23033884
StatusActive
(ACTIVE)

About 331 Newark Ave

Welcome to the most unique architectural conversion in the heart of Downtown JC. Home of the Village West Gallery, this former factory is currently used as a single-family with an art gallery on the ground level, zoned for residential & commercial, providing several options to consider. Appreciate the open lofted energy throughout, conveyed by soaring ceilings, large windows & skylights, providing natural light throughout. Discover interesting features at every turn including a glass-enclosed freight elevator, antique heart-pine stairway, superb brass railings, hand restored original beams, wide plank flooring & exceptional hand painted murals. This expansive home offers a grand ballroom, library, indoor gym, heated 4 car garage and basement with tremendous storage. Relax or entertain on one of the three patios with exquisite NYC views & putting green which can be converted back to a rooftop pool. The possibilities are endless!

Property Details

Property Features

Property Information:

  • Architectural Style: Rowhouse

Listing Office:

  • Office Name: Prominent Properties Sotheby's International Realty-Hoboken
  • Listing Agent: Ingrid Hart

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Hardwood
  • Interior: Elevator, Intercom System
  • Fireplace: 1 Fireplace

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 5
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: None
  • View: City, River
  • Exterior: Brick, Elevator, Hdwd As In, Intercom, Security, Deck / Patio

Parking Information:

  • Attached Garage: Yes
  • Parking: Attached, O/See Remk

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Gas

Price Information

Listing Price Info

Price Summary:

  • List Price: $5,250,000

Tax Information:

  • Annual Amount: $36,177
  • Tax Year: 2020
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Housing Market Comparison

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

Med. List Price

$600K

Med. Price/SqFt

$541

Avg. Days On Market

75

# of Sold Homes

5

331 Newark Ave vs Jersey City

178 DAYS ON ROCKET

+103 Days

$5,250,000

+$4.6M More

KEY TAKEAWAY

This property is $4.6M 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: #23033884

Listing Office:

  • Office Name: Prominent Properties Sotheby's International Realty-Hoboken
  • Listing Agent: Ingrid Hart

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: 4/29/2024, 12:25:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 12, 2013Home Sold
$1,998,000
Aug 13, 2002Home Sold
$420,000
Jun 20, 2002Home Sold
$230,000
Aug 02, 2000Home Sold
$200,000

Tax History

YEARPROP. TAXASSESSMENT
2020$36,177$2,983,700
2019$44,397$2,983,700
2018$7,464$501,600
2017$39,125$501,600

History based on county public records data.

Payment Calculator

$26.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$15.8K

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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-3116167
4
/10
  • Frank R Conwell School

  • 111 Bright St

  • 0.52 miles

  • Public District Grades PK-5

school-card-donut-3116168
7
/10
  • Beloved Community Charter School

  • 508 Grand St

  • 0.62 miles

  • Public Charter Grades KG-3

school-card-donut-3116169
5
/10
  • Jotham W. Wakeman School

  • 100 Saint Pauls Ave

  • 0.80 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $72,832. The most common annual income of people living in Jersey City, NJ is between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 331 Newark Ave

What is the listing price of this property?

The listing price of 331 Newark Ave property is $5,250,000.

What type of property is this?

The property 331 Newark Ave is a house located in Jersey City, New Jersey, 07302.

Is this property for sale now?

Active Listing: 331 Newark Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $36,177 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 12, 2013 for $1,998,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 331 Newark Ave has 5 bedrooms and 5 full and 2 half bathrooms.
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Rocket Homes›New Jersey›Hudson County›Jersey City›07302›331 Newark Ave

This home is located at 331 Newark Ave in Jersey City, NJ and zip code 07302 in the The Village neighborhood. Features: 5 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since November 03, 2023 and is currently priced at $5,250,000.

Between February 2024 and March 2024, Jersey City, NJ real estate market has seen increase in the number of listings by 46.2%. While the average time on the market in March 2024 was 75 days, the median list price was $600,000.

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

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