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Off market
  • $1,263,300

    61 Magnolia Ave, Jersey City, NJ 07306

    9beds
    3,065sqft
    MultiFamily
    Built in 1969
    -- sqft lot
    $1,263,300 Zestimate®
    $412/sqft
    $3,030 Estimated rent

    Home value

    $1,263,300

    $1.16M - $1.38M

    $3,030/mo

    Zestimate® history
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    $3,030/mo

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    $3,030/mo

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    $8,524/mo

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    $8,524/mo

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    What's special

    PRIME LOCATION! This amazing Legal two-family home is a Rare gem ahead of its value. This high income producing property offers 9+full bedrooms, 3 full baths, 2-4 parking spots at 3065 Sq ft not including ground level. Gut renovated oversized lot situated on the border of Journal Square and downtown, Jersey City near the desirable section of Hamilton Park. With just a 5 minute walk to Journal Square Path offering only a 10 minute commute to NYC! Nestled on a 25x125 lot including 3065 Sq Ft. Original sanded and restored/stained hardwood floors, brand new kitchen/appliances, white quartz countertops and custom cabinets, new modern flooring, electric, new front brick steps and exterior. Driveway can fit 2 cars with the option of having the garage accommodate an additional two spaces for a total of 4 car spots. Unit 1, currently a duplex has a total of 6 bedrooms and 2 full baths with an open floor layout. The kitchen opens up to a large dining and living area and is great for entertainment. Ground level also offers two private entrances, 3 bedrooms, 1 full bath and the option of adding an additional kitchen/living room area. Unit 2 offers 3 bedrooms, 1 full bath and a large kitchen/dining area as well. Large oversized backyard. Recently upgraded electric panel. Located near all major transportation, houses of worship, major highways including 78, NJ turnpike and RT 139. Only a 5-10 Minute drive through Holland Tunnel into NYC. Private grammar school at the end of the block and high school only 2 blocks away. Located near all major shops, restaurants and parks, this home is a must see! Amazing investment opportunity or occupying with great rental income.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Gas
    Cooling
    • Wall
    Features
    • Basement: Full, Walk-Out Access
    Interior area
    • Total interior livable area: 3,065 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Carport
    Features
    • Exterior features: Vinyl, Brick
    Lot
    • Size: 3,123 Square Feet
    Details
    • Parcel number: 0610901000000013

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Contemporary, Other-See Remarks
    Materials
    • Frame
    Condition
    • Year built: 1969

    Community & HOA

    Location
    • Region: Jersey City

    Financial & listing details

    • Price per square foot: $412/sqft
    • Tax assessed value: $715,400
    • Annual tax amount: $15,975

    Price history

    DateEventPrice
    5/4/2021Sold$853,000$278/sqft
    Source: Public Record Report a problem
    12/17/2020Sold$853,000-5.1%$278/sqft
    Source: HCMLS #202018708 Report a problem
    8/29/2020Listed for sale$899,000+19.9%$293/sqft
    Source: COLDWELL BANKER RESIDENTIAL BROKERAGE #202018708 Report a problem
    4/2/2020Sold$750,000-16.7%$245/sqft
    Source: HCMLS #190022958 Report a problem
    1/21/2020Listed for sale$899,900$294/sqft
    Source: COLDWELL BANKER RESIDENTIAL BROKERAGE #190022958 Report a problem
    1/21/2020Pending sale$899,900$294/sqft
    Source: COLDWELL BANKER RESIDENTIAL BROKERAGE #190022958 Report a problem
    11/26/2019Listed for sale$899,900$294/sqft
    Source: COLDWELL BANKER RESIDENTIAL BROKERAGE #190022958 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$15,975 $715,400
    2024$15,975 -0.6%$715,400
    2023$16,075 +40.1%$715,400
    2022$11,475 $715,400
    2021$11,475 +4.2%$715,400
    2020$11,017 +3.5%$715,400
    2019$10,645 +2.8%$715,400
    2018$10,351 +1.3%$715,400 +439.1%
    2017$10,219 +2.9%$132,700
    2016$9,929 +0.6%$132,700
    2015$9,865 -0.4%$132,700
    2014$9,907 +3.9%$132,700
    2013$9,533 +2.5%$132,700
    2012$9,300 +1.5%$132,700
    2011$9,160 +15%$132,700
    2010$7,963 +8.1%$132,700
    2009$7,368 $132,700
    2008-- $132,700
    2007-- $132,700
    2006-- $132,700
    2005-- $132,700
    2004-- $132,700
    2003-- $132,700
    2002-- $132,700
    2001-- $132,700
    Find assessor info on the county website

    Neighborhood: Journal Square

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,263,300
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,263,300