J
Seller's Agent in 2024
Johnny Rodriguez
Realty One Group Legend, Clifton
(973) 390-7319
3 in this area
28 Total Sales
11 Elm St Paterson, NJ 07501
Downtown Paterson NeighborhoodEstimated Value: $432,537 - $586,000
4
Beds
1
Bath
2,178
Sq Ft
$236/Sq Ft
Est. Value
About This Home
As of January 2024Incredible Investment Opportunity on Elm Street, Paterson, NJ! Welcome to 9-11 Elm Street, a phenomenal property presenting an unmatched investment potential in the heart of Paterson, New Jersey. This unique listing offers not just a 3-family home on one lot but also a bonus second lot, measuring 25x110 feet. Imagine the possibilities! The existing 3-family home, built in the 1940s, features two one-bedroom apartments and a spacious two-bedroom unit, providing a solid foundation for rental income or a comfortable residence with added financial benefits. What makes this property truly exceptional is the potential for expansion on the adjoining lot. With dimensions of 25x110 feet, this space is perfect for building a new two-family property. Seize the opportunity to maximize your investment returns in this redevelopment zone. It's an ideal chance for those looking to increase their income potential through smart development.
Last Agent to Sell the Property
Realty One Group Legend, Clifton Listed on: 11/15/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,396
Lot Details
- 2,749 Sq Ft Lot
Parking
- 10 Car Garage
Home Design
Bedrooms and Bathrooms
- 4 Bedrooms
- 1 Full Bathroom
Community Details
- No Laundry Facilities
Listing and Financial Details
- Legal Lot and Block 00027 / 04703
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 13, 2025
Sold by
American Eagle Investment Llc
Bought by
11 Elm Street Paterson Llc
Current Estimated Value
Purchase Details
Listed on
Nov 15, 2023
Closed on
Jan 8, 2024
Sold by
Btb Consultants Llc
Bought by
American Eagle Investments Llc
Seller's Agent
Johnny Rodriguez
Realty One Group Legend, Clifton
Buyer's Agent
Johnny Rodriguez
Realty One Group Legend, Clifton
List Price
$589,000
Sold Price
$570,000
Premium/Discount to List
-$19,000
-3.23%
Views
55
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-6.56%
Purchase Details
Closed on
Jul 15, 2022
Sold by
Rivera and Nydia
Bought by
Btb Consultants Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,200
Interest Rate
5.3%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 11 Elm Street Paterson Llc | -- | None Listed On Document | |
| 11 Elm Street Paterson Llc | -- | None Listed On Document | |
| American Eagle Investments Llc | $570,000 | Imperium Title | |
| Btb Consultants Llc | $400,000 | Stewart Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Btb Consultants Llc | $372,200 | |
| Previous Owner | Rivera Edwin | $111,690 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/12/2024 01/12/24 | Sold | $570,000 | -3.2% | $262 / Sq Ft |
| 12/09/2023 12/09/23 | Pending | -- | -- | -- |
| 11/15/2023 11/15/23 | For Sale | $589,000 | -- | $270 / Sq Ft |
Source: New Jersey MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $7,006 | $142,900 | $23,100 | $119,800 |
| 2022 | $6,633 | $142,900 | $23,100 | $119,800 |
| 2021 | $6,396 | $142,900 | $23,100 | $119,800 |
| 2020 | $5,966 | $142,900 | $23,100 | $119,800 |
| 2019 | $5,779 | $139,800 | $22,800 | $117,000 |
| 2018 | $5,966 | $137,900 | $22,700 | $115,200 |
| 2017 | $5,346 | $128,500 | $22,600 | $105,900 |
| 2016 | $5,888 | $135,700 | $23,800 | $111,900 |
| 2015 | $5,575 | $135,700 | $23,800 | $111,900 |
| 2014 | $8,468 | $292,000 | $150,800 | $141,200 |
Source: Public Records
Agents Affiliated with this Home
-
Johnny Rodriguez
Map
Source: New Jersey MLS
MLS Number: 23035278
APN: 08-04703-0000-00027
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
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