new - 5 days on rocket

425 Martin Luther King Jr Dr, Jersey City, NJ, 07304

$799,999

Home List Price

$9,500*

Closing Credit

6 Bedrooms
2 Full Baths, 1 Partial
Multi

Location

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425 Martin Luther King Jr Dr, Jersey City$799,999

Buyer Closing Credits

$9,500*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
HeatingBaseboard, Natural Gas
BasementYes
MLS #240023707
StatusActive
(ACTIVE)

About 425 Martin Luther King Jr Dr

This mixed-use property offers tremendous potentia lwith 2 spacious 3-bedroom, 1 bathroom apartments and a commercial unit on the ground floor. Perfect for investors or owner-occupants looking for rental income. The property is ideally located close to the light rail and the new municipal building

Property Details

Property Features

Property Information:

  • Architectural Style: Multi-Level

Listing Office:

  • Office Name: KELLER WILLIAMS CITY LIFE JC REALTY
  • Office Phone: (201) 433-1111

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 6

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas

Price Information

Listing Price Info

Price Summary:

  • List Price: $799,999

Tax Information:

  • Annual Amount: $6,669
  • 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. Sold Price

$715K

Med. Price/SqFt

$623

Avg. Days On Market

38

# of Sold Homes

146

425 Martin Luther King Jr Dr vs Jersey City

5 DAYS ON ROCKET

-33 Days

$799,999

+$84.9K More

KEY TAKEAWAY

This property is $84.9K more than the Median Sold Price in Jersey City, NJ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: HudsonCountyNJ
  • MLS Number: #240023707

Listing Office:

  • Office Name: KELLER WILLIAMS CITY LIFE JC REALTY
  • Office Phone: (201) 433-1111

IDXThe data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than this broker are marked with the HCIDX mark and the information about them includes the name of the listing broker. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2024 Realty Multiple Listing System, Inc. Incorporated in 1952 (aka RMLS, Hudson County MLS). All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 1:16:04 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

Apr 08, 2008Home Sold
$650,000

Tax History

YEARPROP. TAXASSESSMENT
2020$6,669$550,000
2019$10,176$550,000
2018$1,116$75,000
2017$5,850$75,000

History based on county public records data.

Payment Calculator

$4,060

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,465

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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-4318469
4
/10

  • Gladys Cannon Nunery School

  • 123 Claremont Ave

  • 0.29 miles

  • Public District Grades PK-5

school-card-donut-4318470
5
/10

  • Empowerment Academy Charter School

  • 240 Ege Ave

  • 0.49 miles

  • Public Charter Grades KG-6

school-card-donut-4318471
5
/10

  • Julia A. Barnes School

  • 91 Astor Pl

  • 0.55 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 $36,467. Typical income of Jersey City, NJ residents is less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New Jersey›Hudson County›Jersey City›07304›425 Martin Luther King Jr Dr

This home is located at 425 Martin Luther King Jr Dr in Jersey City, NJ and zip code 07304 in the Bergen-Lafayette neighborhood. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since December 12, 2024 and is currently priced at $799,999.

In November 2024 more than 30 listings in Jersey City, NJ were sold above the asking price. During the same period more than 14 listings were sold at asking price, while more than 73 were sold below. Between October 2024 and November 2024, Jersey City, NJ real estate market has seen increase in the number of listings by 1.3%. In November 2024 median list price was $715,000 and the average listing age was 38 days.

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

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