2-4 Family Home For Sale in Palisades Park, NJ
MLS# : 25031898
Street : 207 Grand Avenue
Price : $999,000
Town : Palisades Park, NJ 07650
Annual Taxes : $10,042
PROPERTY DETAILS
# of Rooms : 6
Bedrooms : 4
Full Baths : 3
Half Baths : 0
Year Built :
Lot Size :
Style :
Heat/Cool :
PROPERTY DESCRIPTION
Great income producing 2 family property 50x100 lit size and low tax. House is all renovated and ready for move in. Granite countertop, SS appliances, two attached garages and 4-5 driveway parking. 1st floor/basement tenant occupied. 2nd floor and attic is vacant. House will be delivered vacant on closing. Ready to rent out. Great location for commuters and NYC bus stop is in front of the house. Walk to shops, banks, restaurants, cafes and etc. Commuters dream and all the busses are on Grand and Broad Ave. House has lots of potentials.
Amenities
This listing is a courtesy of Realty 7, LLC
201-292-7777 office, listing agent Kyung-Ah Shin
About Palisades Park, NJ Real Estate Market
A very small borough located in Bergen County in New Jersey state, Palisades Park has a population of more than 20,000 people, most of which hail from Korea. The borough is spread over just 1.28 square miles and shares its borders with neighboring boroughs like Fort Lee, Ridgefield Park, Leonia and Morsemere.
The foundation of Palisades Park as a modern borough got laid in 1899 under an act of the New Jersey Legislature. A few portions of Ridgefield Township got included for the formation of Palisades Park, which seeks inspiration from its location, which is at the top of New Jersey Palisades.
As said above, it is densely inhabited by Koreans, which form around 65 per cent of the total population of the borough. The borough is also known as ‘Little Korea’ and ‘Koreatown on the Hudson’ by the American natives. Even the central business district located around Broad Avenue is known as Koreatown due to the rich ethnicity of Koreans in the area. In 2015, a proposal for changing the name of Broad Avenue to ‘Korea Way’ was introduced by the Korean-American Association of Palisades Park to the mayor of the town. The influence of Korean culture is evident in this part of New Jersey real estate too.
The foundation of Palisades Park as a modern borough got laid in 1899 under an act of the New Jersey Legislature. A few portions of Ridgefield Township got included for the formation of Palisades Park, which seeks inspiration from its location, which is at the top of New Jersey Palisades.
As said above, it is densely inhabited by Koreans, which form around 65 per cent of the total population of the borough. The borough is also known as ‘Little Korea’ and ‘Koreatown on the Hudson’ by the American natives. Even the central business district located around Broad Avenue is known as Koreatown due to the rich ethnicity of Koreans in the area. In 2015, a proposal for changing the name of Broad Avenue to ‘Korea Way’ was introduced by the Korean-American Association of Palisades Park to the mayor of the town. The influence of Korean culture is evident in this part of New Jersey real estate too.
| Population: | 19,622 |
| Total Housing Units: | 7,362 |
| Single Family Homes: | 3,547 |
| General Tax Rate (2023): | 1.479% |
| Effective Tax Rate (2023): | 1.317% |
| Compare To Other Towns |
Palisades Park Market Indicators
PRICE INDEX
| Average Price* (12mo): | $810,852 |
| Homes Sold* (12mo): | 20 |
PRICE INDEX
SINGLE FAMILY HOME SALES
Palisades Park, NJ
SINGLE FAMILY HOME SALES
Palisades Park, NJ
12 Month Moving Average
1 YR
2 YR
3 YR
5 YR
7 YR
MAX
REAL ESTATE TAXES
| General Tax Rate (2023): | 1.479% |
| Effective Tax Rate (2023): | 1.317% |
GENRAL TAX RATE - Palisades Park, NJ
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MADISON ADAMSTM
office: 201-760-1100
84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
