NOT LISTED FOR SALE

115 Paterson Ave Paterson, NJ 07502

Totowa Section Neighborhood

Estimated Value: $487,000 - $684,000

-- Bed
-- Bath
2,443 Sq Ft
$233/Sq Ft Est. Value

Last Sold September 28, 2021

Last sale price $400,000 $164 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $3,697/month

58 Days on Market

About This Home

As of September 2021

This home is located at 115 Paterson Ave, Paterson, NJ 07502 since 18 May 2021 and is currently estimated at $568,699, approximately $232 per square foot. This property was built in 1940. 115 Paterson Ave is a home located in Passaic County with nearby schools including Dale Avenue Elementary School, Edward W. Kilpatrick School of Discovery, and Paterson Public School No. 5.

Last Agent to Sell the Property

MOHAMMAD HASAN

REALTY ONE GROUP LEGEND Brokerage Phone: 973-772-0660 Listed on: 05/18/2021

Last Buyer's Agent

MOHAMMAD HASAN

REALTY ONE GROUP LEGEND Brokerage Phone: 973-772-0660 Listed on: 05/18/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 3,049 Sq Ft Lot

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Year Built: 1940
  • County Name: Passaic
  • I D: 5072645
  • Attribution Contact: 973-772-0660
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X116
  • Total Acres: 0.07

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2021
Closed on
Sep 27, 2021
Sold by
Rahman Mahbubar and Rahman Gulshanara B
Bought by
Ahmed Shumel and Hussain Khavir
Seller's Agent
MOHAMMAD HASAN
REALTY ONE GROUP LEGEND
Buyer's Agent
MOHAMMAD HASAN
REALTY ONE GROUP LEGEND
List Price
$449,000
Sold Price
$400,000
Premium/Discount to List
-$49,000
-10.91%
Current Estimated Value
$547,284

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,284
Avg. Annual Appreciation
8.72%
Original Mortgage
$366,300
Outstanding Balance
$334,031
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$234,668

Purchase Details

Closed on
Sep 29, 2011
Sold by
Williams Christopher J
Bought by
Rahman Mahbubur

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,766
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 31, 2009
Sold by
Addison Timothy
Bought by
Williams Christopher J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,500
Interest Rate
5.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 28, 2008
Sold by
Federal National Mortgage Association
Bought by
Addison Timothy

Purchase Details

Closed on
Jun 18, 2007
Sold by
Jerry Spezial Passaic Cnty Sheriff
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 21, 2005
Sold by
Rivera Victor
Bought by
Villejars Jose and Rios Sandra

Purchase Details

Closed on
May 23, 2003
Sold by
Ahmed Shamin
Bought by
Rivera Victor

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
5.71%

Purchase Details

Closed on
Jan 7, 1999
Sold by
Vasileski Ivan and Vasileski Naumka
Bought by
Ahmed Shamin and Uddin Salim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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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
Ahmed Shumel $400,000 Evident Title Agency Inc
Rahman Mahbubur $100,000 --
Williams Christopher J $450,000 --
Addison Timothy $175,000 --
Federal National Mortgage Association $342,620 --
Villejars Jose $385,000 --
Rivera Victor $180,000 --
Ahmed Shamin $88,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ahmed Shumel $366,300
Previous Owner Rahman Mahbubur $119,766
Previous Owner Williams Christopher J $337,500
Previous Owner Rivera Victor $171,000
Previous Owner Ahmed Shamin $83,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/28/2021 09/28/21 Sold $400,000 -10.9% $164 / Sq Ft
07/15/2021 07/15/21 Pending -- -- --
05/18/2021 05/18/21 For Sale $449,000 -- $184 / Sq Ft
Source: Garden State 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 $9,854 $193,400 $46,300 $147,100
2024 $9,482 $193,400 $46,300 $147,100
2022 $8,978 $193,400 $46,300 $147,100
2021 $8,657 $193,400 $46,300 $147,100
2020 $8,074 $193,400 $46,300 $147,100
2019 $7,714 $186,600 $43,000 $143,600
2018 $7,960 $184,000 $42,600 $141,400
2017 $7,592 $182,500 $42,300 $140,200
2016 $7,858 $181,100 $44,500 $136,600
2015 $7,440 $181,100 $44,500 $136,600
2014 $7,465 $257,400 $121,800 $135,600
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    MOHAMMAD HASAN

    REALTY ONE GROUP LEGEND

See All Agents

Map

Source: Garden State MLS

MLS Number: 3713272

Garden State MLS

APN: 08-01309-0000-00024

New Jersey Passaic County Paterson 07502 Totowa Section

115 Paterson Ave, Paterson, NJ

Not Listed for Sale

MultiFamily

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