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56 Reservoir Ave APT 1, Jersey City, NJ, 07307

2beds
2baths
1,060sqft
$675,000
$637price/sqft
$4,625/moest. monthly cost
$185,000/yrincome needed

About This Home

2 BEDROOMS 2 BATHROOMS 1,060 SF Private Backyard In-Unit Laundry Looking for a spacious 2-bedroom condo with private outdoor space in Jersey City Heights? This beautifully designed 2-bedroom, 2-bathroom condominium offers approximately 1,060 square feet, a custom kitchen, in-unit washer and dryer, and a private backyard- a rare find in one of Jersey City's most desirable neighborhoods. The open, functional layout provides plenty of room for comfortable living, working from home, dining, and entertaining. Modern finishes and generous bedroom space make this move-in-ready Jersey City condo an ideal option for buyers seeking more space without sacrificing access to New York City. Located near Central Avenue and Palisade Avenue, the home is close to Jersey City Heights restaurants, coffee shops, boutiques, grocery stores, and neighborhood conveniences. Riverview Farmers Market on Sundays, Reservoir Park, Pershing Field Park, the swimming pool, athletic facilities, and green space are all nearby. Commuting to Manhattan is easy with direct NJ Transit bus service to Port Authority, convenient access to the Journal Square PATH, Hoboken and nearby major highways. Private outdoor space, two full bathrooms, in-unit laundry, and a prime Jersey City Heights location make this a rare opportunity. Schedule your private showing today.

Getting Around

94
WalkingWalker's Paradise
79
TransitExcellent Transit
72
BikeVery Bikeable

Schools

Construction

Materials

  • Construction materials: Stone,Wood Siding

Type & Style

  • Home type: Condo
  • Architectural style: Other
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Refrigerator,Washer/Dryer,Gas Oven

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Terrace

Heating & Cooling

  • Heating features: Central,Electric,Heat Pump
  • Cooling features: Central Air,Electric,Heat Pump

Interior Area

  • Total structure area: 1,060
  • Total interior livable area: 1,060 sqft

Property

Details

  • Other equipment: Intercom

Lot

  • Features: Private Backyard

Parking

  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Cold Wave
Inland Flooding
Strong Wind
Winter Weather
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,413$40,956
Home Insurance *$142$1,704
Property Taxes $877$10,524
Electricity $193$2,318
Total$4,625$55,500
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$158,571/yr
40% on housing$138,750/yr
45% on housing$123,333/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.6%
9.6%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: -1.5%
-1.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$637This listing

vs Other Active Listings

Avg $/sqft

ZIP 07307$511
Hudson County$473

vs Homes Sold Last Month

Median $/sqft

ZIP 07307$590
Hudson County$411

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-10Price change$659,000
2026-07-21Listed for sale$675,000
2023-10-13Sold$642,500
2023-07-18Listed for sale$649,000
2017-06-05Listing removed$1,650
2017-05-20Price change$1,650
2017-03-22Price change$1,500
2017-02-15Listed for rent$1,600

For Sale by Agent

AgentMICHELLE MUMOLI
BrokerageCOMPASS NEW JERSEY, LLC

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