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4 Constellation Pl UNIT 407
Score
0
Jersey City, NJ

4 Constellation Pl UNIT 407

450K
2 bd • 2 ba • 1,269 sf

This analysis was generated on 2/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

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List Price

$450,000

Price/Sq.Ft

$355

Year Built

2005

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Spacious Unit: The 1,269 sq. ft. 2-bedroom, 2-bathroom unit offers ample living space, potentially appealing to buyers seeking roominess and comfort. • Comprehensive HOA: The HOA includes water, parking, daily trash removal, snow removal, professional landscaping, and 24/7 gated security, providing convenience and peace of mind. • Amenity-Rich Community: Port Liberte offers amenities such as 2 pools, tennis and basketball courts, a fitness center, playground, clubhouse, and dog park, enhancing the living experience. • Convenient Transportation: The property offers a shuttle bus to the Grove Street PATH Station and is near the NY Waterway Ferry, providing easy access to Manhattan. • Included Parking: The unit comes with one assigned garage parking space, a valuable feature in Jersey City.

The Bad

• Low School Ratings: Nearby schools have low ratings (1-4/10), which may be a concern for families with children. Number 20 Elementary School (4/10), Ezra L. Nolan No. 40 Middle School (1/10), and Henry Snyder High School (1/10) all rank below average. • Moderate Flood Risk: The property has a moderate flood risk (3/10) and is located in FEMA Zone AE, requiring flood insurance and potentially increasing insurance costs. • High Heat Risk: The severe heat risk (7/10) with 7 hot days per year and a 98th percentile temperature of 99°F may lead to higher energy bills for cooling. • Major Wind Risk: The major wind risk (6/10) could increase the likelihood of property damage and potentially higher insurance premiums.

The Ugly

• Price Reductions: The property has undergone multiple price reductions, starting from $500,000 in October 2024 to the current $450,000. This may indicate overpricing or underlying issues that deter potential buyers. • High Days on Market: The property has been on the market for 126 days, which is significantly longer than the average for comparable units in Jersey City. This could suggest challenges in attracting buyers. • Climate Risks: The combination of moderate flood risk (3/10), severe heat risk (7/10), and major wind risk (6/10) may lead to higher insurance costs and potential property damage over time. • School Quality: The low ratings of nearby schools (1-4/10) could be a significant concern for families with children, potentially impacting the property's resale value.

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Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Commuters to Lower Manhattan: The NY Waterway Ferry provides direct access to Pier 11 Wall Street, offering a convenient commute. The shuttle to Grove Street PATH station also facilitates access to 33rd Street and the World Trade Center. • Buyers Seeking Amenity-Rich Living: Port Liberte offers 2 pools, tennis and basketball courts, a 4,600 sq ft fitness center, playground, clubhouse, and dog park, appealing to those who value recreational facilities. • Individuals Prioritizing Security and Maintenance: The gated community with 24/7 security, snow removal, trash, water, and landscaping included in the HOA fee provides a secure and hassle-free living environment. • Buyers Desiring Spacious Living: With 1,269 sq ft and two bedrooms, the unit offers ample space compared to smaller condos in the area, suitable for those needing extra room for a home office or guests.

Not For

• Buyers Sensitive to Climate Risks: The property has a moderate flood risk (3/10), severe heat risk (7/10), and major wind risk (6/10), which may deter those seeking minimal environmental risks. • Families Prioritizing Top-Rated Schools: The nearby schools have low ratings (1-4/10), making this property less suitable for families seeking high-quality public education. • Buyers Seeking Low HOA Fees: While the HOA covers many amenities and services, potential buyers should still assess if the fees align with their budget and needs. • Those Averse to Price Reductions: The property's price has been reduced multiple times, which might indicate underlying issues or a mismatch with market expectations.
Demographics
Area Median Income

$67,048

Property History

Price History
Ownership Timeline
$370,000Cash Purchase
May 13, 2019
Pmt Nppl Financing 2014 1, Pennymac Loan Services LlcSaurabh Dilawri, Ira Suri
Deed
Standard Sale (Purchase/Resales)

Market Insights

Real-time analysis of the local housing market

January 2025
Buyer's Market

In 07305, buyers currently have an advantage. Home prices are trending lower than usual and properties are staying on the market longer, giving you more options and better negotiating power.

$579,999
$372/sqft
8.7%
Change from last month
Your price: $450K (-22%)
Your price/sqft: $355/sqft (-5%)
174
25 sold last month
10.1%
Change from last month
33 days
Average for homes in this area
36.7%
Change from last month
This property: 50 days (+52%)

Sale Price Distribution

Last month
10
Over Asking
homes
4
At Asking
homes
5
Under Asking
homes
Total: 19 homes sold

If you're buying a home in 07305, you could pay more than the asking price. 52.6% of homes here sold above asking price last month.

Sale Time Distribution

Last month
16
Under 30 Days
homes
7
30-90 Days
homes
Your property
2
Over 90 Days
homes
Total: 25 homes sold

Many homes in 07305 are selling fast, if you're buying plan to act quickly.

Sunlight Analysis

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Sunlight Analysis

Data provided by Shadowmap

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Risk Assessment

Climate Risks

heatMAJOR

7 extreme heat days per year

98th percentile: 99°F

windMAJOR

Insurance: Required

airMODERATE

5 bad air quality days per year

floodMINIMAL

FEMA Zone: High Risk Area

Insurance: Required

fireMINIMAL

Insurance: Optional

Risk Analysis

• Flood Risk: A moderate flood risk (3/10) requires flood insurance, potentially adding to monthly expenses. • Climate Risks: Severe heat risk (7/10) and major wind risk (6/10) may lead to higher energy bills and potential property damage. • School Ratings: Low school ratings (1-4/10) may impact property value and desirability for families. • Market Trend: The price reductions may indicate the property is overpriced compared to similar units, suggesting a need for negotiation. • HOA Fee Increases: HOA fees can increase over time, affecting the overall cost of ownership. • Days on Market: The property has been on the market for 126 days, which is higher than average, potentially signaling issues with pricing or property appeal.
Insurance
Annual Cost

$1,620

$135 per month

Cost & Affordability

Monthly Costs

Breakdown of estimated monthly expenses for this property

Monthly Payment
$0
* Estimated at 1% of home value annually. Actual costs may vary.
Not Included in Estimate
• Utilities (electricity, gas, water, internet)
• Home improvements and upgrades
• Landscaping and yard maintenance
• Pest control and home services
• Emergency repairs and replacements

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$450 monthly
$135 monthly

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Schools

Showing top 5 of 6 schools

Dr. Ronald Mc Nair Academy High School

PublicGrades 9-12
10/10
High
683 students

Liberty High School

PublicGrades 9-12
8/10
High
188 students

Henry Snyder High School

PublicGrades 9-12
2/10
High
804 students

William L. Dickinson High School

PublicGrades 9-12
2/10
High
1,780 students

Lincoln High School

PublicGrades 9-12
1/10
High
659 students

Financials

Monthly Costs
Market Rent (2 bed)

$2,088

Get a detailed estimate on Zillow®
HOA Fee

$587

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$450,000
Price/sqft
$355
Layout
2 bd2 ba
Days on market
50 daysat time of analysis

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$539,433

16.6%

Your price is 16.6% below average

Median Price

$499,000

9.8%

Based on 6 recent sales

Price per Sq.Ft

$341

4.0%

Your price is 4.0% above average $/sqft

Comparable Properties

207 SHEARWATER CT WEST #64, JC, Greenville, NJ 07305
Price: $411,600
Sq.Ft: 1,345
Beds/Baths: 2/2
$/Sq.Ft:
$30613.7%
Sale Date: 9/27/2024
4 CONSTELLATION PL #310, JC, Greenville, NJ 07305
Price: $569,000
Sq.Ft: 1,510
Beds/Baths: 2/2
$/Sq.Ft:
$3776.3%
Sale Date: 9/13/2024
48 ARMSTRONG AVE, JC, Greenville, NJ 07305
Price: $399,000
Sq.Ft: N/A
Beds/Baths: 3/2
$/Sq.Ft: N/A
Sale Date: 1/30/2025
48 Armstrong Avenue, Jersey City, NJ 07305
Price: $408,000
Sq.Ft: N/A
Beds/Baths: 3/2
$/Sq.Ft: N/A
Sale Date: 1/22/2025
2 FREEDOM PL, JC, Bergen-Lafayett, NJ 07305
Price: $499,000
Sq.Ft: N/A
Beds/Baths: 3/2
$/Sq.Ft: N/A
Sale Date: 12/6/2024
Price: $950,000
Sq.Ft: N/A
Beds/Baths: 3/2
$/Sq.Ft: N/A
Sale Date: 10/29/2024

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