Remember 54 Reservoir Avenue in the Heights? Featured here last November, the expansive single-family home occupied a double lot complete with a 2-car garage, extra parking and a backyard, all a rarity in the Heights.
We can now report that the home has sold, going under contract after only 18 days on the market. Listed by Sawyer Smith and Megan Gulick of Sawyer Smith Residential Brokerage, the sale closed at $825,000, ranking as the highest single-family home sale in the Heights in the last year.
Between a robust housing market and expert marketing by Megan Gulick and Sawyer Smith, the brokerage was able to get a record price for the property in a very short amount of time. On average, homes in the Heights spend 56 days on the market, selling 54 Reservoir Avenue in only 18 is a reflection of the agents’ expertise and indicative of the demand for quality properties in the area.
Outside of Downtown Jersey City, the Heights is arguably the next strongest market. With incredible views and myriad transportation options, the neighborhood is attracting residents from not only Downtown but Hoboken, Brooklyn and Manhattan as well.
New residents are attracted to the area’s diverse housing stock, which ranges from large single families to modern lofts in converted industrial buildings. The neighborhood also offers access to a plethora of parks and two prominent retail corridors, running along Central and Palisade Avenues.
Nearly 200 projects containing over 37,000 units are planned for Jersey City. Get the inside scoop on our brand new Jersey City Development Map.