NOT LISTED FOR SALE

Estimated Value: $608,000 - $823,000

10 Beds
4 Baths
1,631 Sq Ft
$435/Sq Ft Est. Value

Last Sold September 23, 2024

Last sale price $600,000 $368 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,622/month

29 Days on Market

About This Home

As of September 2024

Charming 2-Family Home in Prime Paterson Location! This legal 2-family home offers immense potential and abundant living space. Conveniently located near Route 20 and Route 80, schools, a variety of restaurants, laundromats, and transportation options, this property is perfect for those seeking convenience and comfort. Unit 1 features 3 bedrooms and 1 full bath, while Unit 2 offers 5 bedrooms and 2 baths. The bonus finished basement includes 2 rooms plus a full bath. Including, the finished attic provides 2 bedrooms, 1 full bath, and a cozy living area. Each unit boasts ample natural light and layouts that maximize both comfort and functionality. With close proximity to Route 20 for easy commuting, just 22 minutes from NYC for city professionals, and nearby schools, dining options, and essential services, this property truly has it all, blending location, space, and potential. Schedule your viewing today and envision the future that awaits you here!

Last Agent to Sell the Property

Marilyn Rey

Keller Williams Prosperity Realty Listed on: 07/16/2024

Keller Williams Prosperity Realty

Last Buyer's Agent

Marilyn Rey

Keller Williams Prosperity Realty Listed on: 07/16/2024

Keller Williams Prosperity Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,962

Lot Details

  • 1,999 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00008 / 02111

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,962

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: 973-696-0077
  • MLS Status: Sold - Sold
  • Directions: GPS Friendly, Paterson City
  • Architectural Style: 2 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 10
  • Basement Remarks: Finished

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected

Lot Info

  • Lot Size Sq Ft: 1999.0

Tax Info

  • Tax Annual Amount: 9962.0
  • Tax Block: 02111
  • Tax Lot: 00008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2024
Closed on
Sep 9, 2024
Sold by
Salcedo Fausto
Bought by
Fermin Epifanio and Fermin Reyna
Seller's Agent
Marilyn Rey
Keller Williams Prosperity Realty
Buyer's Agent
Marilyn Rey
Keller Williams Prosperity Realty
List Price
$475,000
Sold Price
$600,000
Premium/Discount to List
$125,000
26.32%
Views
51
Current Estimated Value
$709,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,000
Avg. Annual Appreciation
17.23%

Purchase Details

Closed on
Oct 21, 2021
Sold by
Secretary Of Housing & Urban Development
Bought by
Salcedo Fausto

Purchase Details

Closed on
Jun 26, 2017
Sold by
Berdnik Richard H
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jul 19, 2004
Sold by
Ferreira Maria
Bought by
Ferreira Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,800
Interest Rate
6.33%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 22, 1998
Sold by
Perez Wilfredo
Bought by
Ferreira Maria and Ferreira Zenia

Purchase Details

Closed on
Aug 7, 1996
Sold by
Ernest Rita
Bought by
Puccio Girolamo

Purchase Details

Closed on
Jan 31, 1995
Sold by
Ferriera Rafael
Bought by
Perez Wilfredo
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fermin Epifanio $600,000 Main Street Title
Fermin Epifanio $600,000 Main Street Title
Salcedo Fausto $281,000 Prestige Title Agency Nos
Salcedo Fausto $281,000 Prestige Title
Wells Fargo Bank Na -- None Available
Ferreira Carlos $240,000 --
Ferreira Maria $76,000 --
Puccio Girolamo $56,000 --
Perez Wilfredo $39,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ferreira Carlos $232,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2024 09/23/24 Sold $600,000 +26.3% $368 / Sq Ft
08/14/2024 08/14/24 Pending -- -- --
08/12/2024 08/12/24 For Sale $475,000 0.0% $291 / Sq Ft
08/01/2024 08/01/24 Pending -- -- --
07/16/2024 07/16/24 For Sale $475,000 -- $291 / Sq Ft
Source: New Jersey MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,353 $203,200 $44,700 $158,500
2024 $9,963 $203,200 $44,700 $158,500
2022 $9,433 $203,200 $44,700 $158,500
2021 $9,095 $203,200 $44,700 $158,500
2020 $8,484 $203,200 $44,700 $158,500
2019 $8,206 $198,500 $43,700 $154,800
2018 $8,466 $195,700 $43,300 $152,400
2017 $8,079 $194,200 $43,000 $151,200
2016 $8,886 $204,800 $45,000 $159,800
2015 $8,413 $204,800 $45,000 $159,800
2014 $10,431 $359,700 $173,800 $185,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 24022727

New Jersey MLS

APN: 08-02111-0000-00008