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4 Anonymous Users
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Re: 1 family, 4.6 million
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Home away from home
 
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"Did anyone notice the taxes, $17.5k? that will quadruple in a reval if it actually sells, that's more like for a place assessed at $400k"
That's probably a five year tax abatement. Wait till the real taxes kick in. I was talking to a real estate agent last night that said the place is gorgeous, but won't get near that price. The pictures on the site suck. Bad marketing.
Posted on: 2009/1/10 16:36
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Re: 1 family, 4.6 million
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Home away from home
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I believe the old gym building next door is being offered for around 1.5mm and it boasts something like 11,000sf. Granted it hasn't been converted to residential yet. Some interesting places on that part of Newark, but kinda doubt either fetches the dough the owners are hoping for. Would take a very unique buyer...
Posted on: 2009/1/10 13:06
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Re: 1 family, 4.6 million
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Home away from home
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Reminds me of this old story, he started by asking $9m for a 1st St place.
http://jclist.com/modules/newbb/viewt ... t_id=85097#forumpost85097 http://jclist.com/modules/newbb/viewt ... t_id=43048#forumpost43048 Did anyone notice the taxes, $17.5k? that will quadruple in a reval if it actually sells, that's more like for a place assessed at $400k.
Posted on: 2009/1/10 5:54
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Re: 1 family, 4.6 million
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Home away from home
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For $ 4million+, I would expect more than just four dinky photos on the website. Sheesh.
Posted on: 2009/1/10 2:39
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Re: 1 family, 4.6 million
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Home away from home
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great room with 2 waterfalls
LOL! Either they are in the music business or play professional sports. Ouch. That house kills me.
Posted on: 2009/1/9 23:28
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Re: 1 family, 4.6 million
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Home away from home
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ive been in the house on one of the arts tours.. its definetly quite unique, and a labor of love but, no, it's not worth that kind of coin
Posted on: 2009/1/9 22:12
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Re: 1 family, 4.6 million
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Just can't stay away
 
Joined:
2005/10/5 21:01 Last Login : 2014/9/26 20:59 From 240 Newark Avenue
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I've never been in, but I know the owner and I know how much work she's done over the years... it's the entire building... 4 stories with multiple decks, etc... Very cool place. Who knows if it's worth 4.6mil, or if she'll get it, but just keep in mind it's not a condo or even 'an entire brownstone', it's a huge freakin' 7000sf building!
Mark.  ... checking pockets.... damn only 3mil.
Posted on: 2009/1/9 22:12
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www.JerseyCityMusic.com
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Re: 1 family, 4.6 million
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Just can't stay away
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It comes with a microwave.
Posted on: 2009/1/9 22:02
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Re: 1 family, 4.6 million
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Home away from home
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This is great... Read the description:
Quote: Description: Dude, does this guy realize that his home is in Jersey City! a 300sq ft bathroom? a pool? Not one, but two waterfalls? I'm sorry, come again... a waterfall? Just for comparison, an entire brownstone on essex st. (in Paulus Hook) just went for exactly $2mm, so why would a place that's 2 blocks from that cemetery (not to mention the highway) go for over double that? (that extra $2.6mm is for the pool & waterfalls i guess...). Don't get me wrong, the place is beautiful, but $4.5mm in this economy is a total joke... I'm no real estate expert, but given the location, maybe you pay $300sq ft (7,000x300=$2.1mm +100k for the parking+100k?? for the pool) so maybe $2.3mm? Plus, have fun getting a jumbo loan for that place...
Posted on: 2009/1/9 21:43
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Re: 1 family, 4.6 million
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Just can't stay away
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No chance, especially not in that location.
Posted on: 2009/1/9 20:45
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1 family, 4.6 million
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Just can't stay away
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I saw this listing, its got a 5 space indoor parking garage, but is there any chance that they will get anything close to the asking price?
Financials Price: $4,625,000 Property Tax: $17529 Home Insurance: $6000 Down Payment: 30% 331 Newark Avenue Fourth Street Bedrooms: 3 Bathrooms: 5 Type: 1 Family Style: Brownstones SqFt: 7000+ Basement: Yes Pets Allowed: YES Lot Size: 25.79 X 97 Floor(s): 4 floors + basement Year Built: 1900 Car Spaces: 5 http://www.libertyrealestate.com/publ ... ?listing.listingID=791706
Posted on: 2009/1/9 20:37
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