NOT LISTED FOR SALE

Estimated Value: $409,000 - $471,498

4 Beds
3 Baths
1,793 Sq Ft
$245/Sq Ft Est. Value

Last Sold April 08, 2024

Last sale price $400,000 $223 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,179/month

16 Days on Market

About This Home

As of April 2024

Attention Investors! Amazing opportunity to own a two-family home in Paterson. The first floor is a 2 bedroom, 2 bathroom with access to a full finished basement with plenty of storage space and recreation area. The 2nd floor is a 2 bedroom, 1 bathroom. Property is fully occupied and will be delivered with tenants. Total rent roll of $3605/month. Property has separate utilities. Sale is AS IS.

Last Listed By

Jack Yao

Realmart Realty, LLC Listed on: 02/12/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,123

Lot Details

  • 1,668 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00004 / 04317

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,123

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: (732) 727-2285
  • MLS Status: Sold - Sold
  • Directions: 16 Pearl St, Paterson, NJ
  • Architectural Style: 2 Family
  • Year Built Details: 1980's
  • PropertySubTypeAdditional: Other
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 4

Exterior Features

  • Disclosures: Transaction Broker, Seller Disclosure - No

Utilities

  • Utilities: See Remarks

Lot Info

  • Lot Size Sq Ft: 1668.0

Tax Info

  • Tax Annual Amount: 8123.0
  • Tax Block: 04317
  • Tax Lot: 00004

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2024
Closed on
Apr 5, 2024
Sold by
Connecting Blocks Llc
Bought by
Choudhury Golam
Seller's Agent
Jack Yao
Realmart Realty, LLC
Buyer's Agent
Alex Mouzakitis
Alexander Anderson Real Estate Group
List Price
$399,900
Sold Price
$400,000
Premium/Discount to List
$100
0.03%
Total Days on Market
16
Views
8
Current Estimated Value
$440,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,125
Avg. Annual Appreciation
8.83%
Original Mortgage
$380,000
Outstanding Balance
$376,065
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$64,060

Purchase Details

Closed on
May 6, 2019
Sold by
Connecting Blocks Properties Llc
Bought by
Connecting Blocks Llc

Purchase Details

Closed on
Jul 24, 2014
Sold by
14 16 Pearl St Llc
Bought by
Connecting Blocks Properties Llc

Purchase Details

Closed on
Dec 14, 2009
Sold by
Passaic County Sheriff
Bought by
14-16 Pearl Street Llc

Purchase Details

Closed on
Apr 8, 2005
Sold by
Cruz Alex
Bought by
Ballano Angnes B and Bayola Jesusima E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
7.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 9, 2004
Sold by
Karim Abdul
Bought by
Cruz Alex and Cruz Lucy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,500
Interest Rate
5.74%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 31, 2001
Sold by
Linnavouri Terho
Bought by
Karim Abdul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.89%

Purchase Details

Closed on
Jan 10, 1997
Sold by
Cassese Cosima
Bought by
Sosa Miguel and Sosa Nieveslina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
7.5%

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
Choudhury Golam $400,000 First Jersey Title Services
Connecting Blocks Llc -- None Available
Connecting Blocks Properties Llc $50,000 Ctl Title Ins Agency Inc
14-16 Pearl Street Llc $292,330 --
Ballano Angnes B $270,000 --
Cruz Alex $178,500 --
Karim Abdul $100,000 --
Sosa Miguel $63,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choudhury Golam $380,000
Previous Owner Connecting Blocks Llc $2,331,000
Previous Owner Ballano Angnes B $277,500
Previous Owner Ballano Angnes B $243,000
Previous Owner Cruz Alex $18,500
Previous Owner Cruz Alex $142,150
Previous Owner Karim Abdul $80,000
Previous Owner Sosa Miguel $102,750
Previous Owner Sosa Miguel $51,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2024 04/08/24 Sold $400,000 0.0% $223 / Sq Ft
02/28/2024 02/28/24 Pending -- -- --
02/12/2024 02/12/24 For Sale $399,900 -- $223 / 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
2024 $8,580 $175,000 $18,600 $156,400
2022 $8,124 $175,000 $18,600 $156,400
2021 $7,833 $175,000 $18,600 $156,400
2020 $7,306 $175,000 $18,600 $156,400
2019 $7,073 $171,100 $18,300 $152,800
2018 $7,294 $168,600 $18,200 $150,400
2017 $6,956 $167,200 $18,100 $149,100
2016 $6,799 $156,700 $19,100 $137,600
2015 $7,259 $176,700 $19,100 $157,600
2014 $9,387 $323,700 $149,500 $174,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 24004304

New Jersey MLS

APN: 08-04317-0000-00004