home in Jersey City, NJ
A condo in Jersey City, NJ, it offers 4 bedrooms and 3 bathrooms across 1,600 square feet. It sits within the greater Bayonne, NJ area.
| Price | $1,039,000 |
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| Beds | 4 |
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| Baths | 3 |
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| Sqft | 1600 |
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| Address | 85 Sherman Pl Floor 2, Jersey City, NJ 07307 |
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Why buy this home
- Includes a real agent video tour with a full transcript of the walkthrough.
- Links directly to the original source listing on Zillow.
Is this a good buy?
Priced a little above the area.
Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $8,008/month with 20% down at a 7.28% 30-year fixed rate. You would need about $343,183 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $5,687/mo |
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| Property tax (new-buyer reassessed rate) | $1,931/mo |
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| Homeowners insurance | $390/mo |
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| Total monthly | $8,008/mo |
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| Down payment (20%) | $207,800 |
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| Income needed | $343,183/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B (73 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | B (73/100) |
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| Beats renting in | 28% of modeled paths |
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| Modeled 5-yr equity (median) | $655,747 |
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| Range (10th to 90th pct) | $430,759 to $930,427 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward US where local data is thin.
Local home values
Typical home values in United States have risen about 20% over the past 5 years (+1% in the last year), per the Zillow Home Value Index. This reflects the national market, not this specific home.
From the tour
Right now the crew is pouring concrete, cutting savers, that curb appeal is everything when a buyer pulls up for the first time. Inside, the kitchens and bathrooms are all done, and the floors are in. This is the stage that people never get to see. The dust, the boxes, the construction materials, and the crew that's racing to get the project ready. What's left is the fun part. The deep cleaning and the staging that turns a construction site into a home.
Transcribed from Alexander Calle's TikTok walkthrough.
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