2014 Oct 22nd

The Weekly Wednesday Wrap-Up – Hoboken Residential Sales and Activity for the Week of October 22nd, 2014

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As of October 22nd, 2014:

  • 193 active Hoboken listings
  • 169 Condo & Co-op listings, compared to 162 last week
  • 11 Single-family listings, compared to 9 last week
  • 13 Multi-family listings, compared to 14 last week

This Week’s Residential Property Sales & Activity:

  • 14 DABOs (Deposit Accepted By Owner and Under Contract) vs. 15 last week
  • 19 Sold vs 18 last week
  • 40 New listings vs. 19 last week
  • 14 Price changes vs. 10 last week
  • 0 expired listing vs. 1 last week

 

Studio & 1-Bedroom Properties

63 Active listings

14 New listings

5 Price changes

3 DABOs

  • 420 Madison St., 8(4R) listed Oct 15 for $349K;
  • 315 Willow Ave., 1 listed Oct 6 for $359K;
  • 1500 Hudson St., 3C listed Sept 4 for $569K;

9 Sold

  • 235 Monroe St., 8 listed April 24 for $242K; sold for $242K;
  • 119 Clinton St., 1R listed May 6 for $309K; reduced Aug 11 to $299K; sold for $287K;
  • 358 14th St., 1 listed June 20 for $375K; sold for $375K;
  • 211 Adams St., 6 listed June 11 for $379K; sold for $379K;
  • 80 Park Ave., 2F listed June 11 for $390K; sold for $390K;
  • 400 9th St., W3L listed Aug 13 for $500K; sold for $495K;
  • 2 Constitution Ct., 408 listed May 27 for $540K; sold for $510K;
  • 83 Monroe St., 3D listed July 7 for $525K; sold for $515K;
  • 1125 Maxwell Ln.,. 220 listed Aug 20 for $749K; sold for $806K;

 

2-Bedroom Properties

81 Active listings

17 New listings

1 Price change

7 DABOs

  • 906 Washington St., 2 listed Oct 11 for $479K;
  • 1007 Willow Ave., 4 listed Oct 15 for $525K;
  • 800 Jackson St., 504 listed Sept 22 for $589K;
  • 1320 Bloomfield St., 3B listed Oct 15 for $619K;
  • 1200 Grand St., 408 listed Sept 30 for $650K;
  • 1028 Hudson St., 2 listed Oct 9 for $699K;
  • 1500 Washington St., 5B listed June 5 for $825K; reduced July 14 to $795K; reduced Sept 24 to $785K;
10 Sold
  • 333 Adams St., 3 listed July 23 for $480K; sold for $462K;
  • 812 Grand St., 517 listed Sept 3 for $579K; sold for $565K;
  • 830 Monroe St., 4B listed June 5 for $596K; reduced June 25 to $585K; reduced July 23 to $579K; sold for $565K;
  • 611 Madison St., B listed Aug 26 for $545K; sold for $587K;
  • 729 Madison St., 4D listed Aug 5 for $600K; sold for $595K;
  • 635 6th St., 3A listed April 29 for $555K; sold for $601K;
  • 704 Bloomfield St., 2 listed Aug 12 for $575K; sold for $603K;
  • 116 Madison St., 2 listed May 5 for $675K; sold for $670K;
  • 1300 Grand St., 406 listed May 29 for $645K; sold for $675K;
  • 1100 Adams St., 315 listed July 14 for $765K; reduced July 29 to $759K; reduced Aug 4 to $739K; sold for $739K;

 

3-Bedroom & Larger Properties

25 Active listings

9 New listings

8 Price changes

13 Multi-Family Active listings

11 Single-Family Active listings

4 DABOs

  • 700 1st St., 10W listed Sept 19 for $629K;
  • 501 Adams St., 1I listed Oct 17 for $735K;
  • 306 6th St., 4 listed Oct 14 for $1.199M;
  • 809 Hudson St., listed Aug 6 for $2.999M;

0 sold

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  1. May

    Hi Lori,

    Why 116 Madison is such a deal? It was newly built and oversized,but price seemed to be very low relative to other similar sized condos in the downtown.

    Thanks,

  2. JC

    Perfect example of a condo that Lori and I were commenting about a few posts ago. this unit is assessed at $509,000! that a very low assessment for a 1350 square foot condo, assuming the inside is up to snuff. So, this person bought this place for $670k and will pay property taxes on $509k until the next assessment. craziness.

  3. Lori

    116 Madison sold for $670,000. It is a walk up so that affects price, as does the far-west location. Maintenance at $445 a month is on the high side for a building with no common amenities, no elevator, and only 4 units. Just under $500 per sq. ft. does seem pretty reasonable. I can tell you this it was listed by an out of town agent. Perhaps he was not as informed about Hoboken values as a local agent might have been? Someone got lucky, I suppose.

    As for tax reval numbers – they are terrible – all over the board. It’s a shame they did such a horrible job. We are not stuck with it, though. Some people are overpaying and some are drastically underpaying. So much for fairness.

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