# 295 Terrace Ave, Jersey City

Condominium · 2 units · built 2023 · Block 601, Lot 16.

On Umarelli: https://umarelli.org/jersey-city/601/16/295-terrace-ave

More construction in Western Slope: https://umarelli.org/jersey-city/heights/western-slope.md

## Building permits

- New — Residential, issued Feb 18, 2021, estimated cost $236K, 2 units, 3 stories
- Alteration, issued Jul 16, 2026, estimated cost $8K, described as “Replace 40 gal gas powervent water heater w/expansion tank”
- Demolition — Residential, issued Feb 11, 2021, estimated cost $15K
- Alteration — Residential, issued Jul 22, 2020, estimated cost $5K
- Alteration, issued Sep 30, 2002, described as “Remove Concrete Front Sidewalk With Front Landing Replace”
- Alteration, issued Aug 20, 2001, described as “Remove Siding Front Of Building, Apply Vinyl Siding Front, Install New Window And Door”

## Property taxes

- Assessment: $978,900
- 2021 tax: $4,769
- Assessed land: $360,000
- Assessed improvements: $884,100
- Exemptions and abatements: $265,200
- Condo units with their own tax lots: 2

## Zoning

R-1 (Neighborhood Housing).

## Recent sales

- May 31, 2024: $780,000, Unit 0001, 1,395 sq ft ($559 per sq ft)
- Mar 1, 2023: $565,000, Unit 0002, 1,453 sq ft, sold with other lots
- Aug 5, 2019: $260,000, 704 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