# 701 Summit Ave, Jersey City

Condominium · 3 units · built c. 1900 · Block 5501, Lot 22.

On Umarelli: https://umarelli.org/jersey-city/5501/22/701-summit-ave

More construction in Reservoir: https://umarelli.org/jersey-city/heights/reservoir.md

Every lot on block 5501: https://umarelli.org/jersey-city/5501.md

## Building permits

- Alteration, issued May 14, 2021, described as “Interior demo of property (plans pending) total cost of construction: $148,300”
- Alteration, issued Apr 5, 2005, described as “1 steam boiler 1 backflow preventer 1 switch”

## Property taxes

- Assessment: $1,270,300
- Assessed land: $216,300
- Assessed improvements: $1,118,800
- Exemptions and abatements: $64,800
- Condo units with their own tax lots: 3

## Zoning

R-1 (Neighborhood Housing).

## Recent sales

- Apr 16, 2024: $512,500, Unit 0001, 842 sq ft, sold with other lots
- Oct 19, 2023: $490,000, Unit 0002, 3,075 sq ft, sold with other lots
- Oct 18, 2023: $540,000, Unit 0003, 3,075 sq ft, sold with other lots
- Feb 21, 2020: $550,000, 3,075 sq ft, sold with other lots

Open-market sales since mid-2019, from the state’s SR1A sales file.

## Flood zone

Current FEMA flood map: zone X, minimal flood hazard.

From New York City and Jersey City public records, refreshed within a day of each release. Sources: https://umarelli.org/sources. Methodology and corrections: https://umarelli.org/methodology