NOT LISTED FOR SALE

158 Preakness Ave Unit 164 Paterson, NJ 07502

Totowa Section Neighborhood

Estimated Value: $741,000 - $913,000

-- Bed
-- Bath
2,958 Sq Ft
$266/Sq Ft Est. Value

Last Sold February 04, 2022

Last sale price $581,000 $196 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $5,449/month

170 Days on Market

About This Home

As of February 2022

This home is located at 158 Preakness Ave Unit 164, Paterson, NJ 07502 since 02 June 2021 and is currently estimated at $786,056, approximately $265 per square foot. This property was built in 1940. 158 Preakness Ave Unit 164 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

Jhonatan JARA AREVALO

REALTY OF AMERICA Brokerage Phone: 908-353-6611 Listed on: 06/02/2021

REALTY OF AMERICA

Last Buyer's Agent

FAISAL AHMED

REALTY ONE GROUP SUNRISE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,014

Year Built

  • Built in 1940

Lot Details

  • 6,098 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,014

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Year Built: 1940
  • County Name: Passaic
  • I D: 5076487
  • Attribution Contact: 908-353-6611
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 62X100
  • Total Acres: 0.14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2021
Closed on
Feb 2, 2022
Sold by
Florencio Montesino
Bought by
Rukonuzzaman Mohammed and Begum Rayhana
Seller's Agent
Jhonatan JARA AREVALO
REALTY OF AMERICA
Buyer's Agent
FAISAL AHMED
REALTY ONE GROUP SUNRISE
List Price
$549,000
Sold Price
$581,000
Premium/Discount to List
$32,000
5.83%
Current Estimated Value
$786,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$205,056
Avg. Annual Appreciation
8.44%
Original Mortgage
$493,850
Outstanding Balance
$458,633
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$327,423

Purchase Details

Closed on
Oct 2, 1998
Sold by
Montesino Florencio and Montesino Elsa M
Bought by
Montesino Florencio and Montesino Elsa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.8%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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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
Rukonuzzaman Mohammed $581,000 Stewart Title Guaranty Company
Rukonuzzaman Mohammed $581,000 Stewart Title Guaranty Company
Montesino Florencio -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rukonuzzaman Mohammed $493,850
Closed Rukonuzzaman Mohammed $493,850
Previous Owner Montesino Florencio $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2022 02/04/22 Sold $581,000 +5.8% $196 / Sq Ft
11/19/2021 11/19/21 Pending -- -- --
10/25/2021 10/25/21 For Sale $549,000 -5.5% $186 / Sq Ft
09/23/2021 09/23/21 Off Market $581,000 -- --
09/21/2021 09/21/21 For Sale $549,000 -5.5% $186 / Sq Ft
09/21/2021 09/21/21 Off Market $581,000 -- --
06/02/2021 06/02/21 For Sale $549,000 -- $186 / 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 $16,014 $314,300 $56,000 $258,300
2024 $15,410 $314,300 $56,000 $258,300
2022 $14,590 $314,300 $56,000 $258,300
2021 $14,068 $314,300 $56,000 $258,300
2020 $13,122 $314,300 $56,000 $258,300
2019 $12,621 $305,300 $53,000 $252,300
2018 $13,151 $304,000 $52,600 $251,400
2017 $12,555 $301,800 $52,400 $249,400
2016 $12,982 $299,200 $55,100 $244,100
2015 $12,291 $299,200 $55,100 $244,100
2014 $11,455 $395,000 $161,500 $233,500
Source: Public Records

Agents Affiliated with this Home

  • Jhonatan JARA AREVALO

    Seller's Agent in 2022

    Jhonatan JARA AREVALO

    REALTY OF AMERICA

    (908) 906-6199

    1 in this area

    21 Total Sales

    Jhonatan JARA AREVALO
    Section Image

  • F

    Buyer's Agent in 2022

    FAISAL AHMED

    REALTY ONE GROUP SUNRISE

See All Agents

Map

Source: Garden State MLS

MLS Number: 3716848

Garden State MLS

APN: 08-01310-0000-00036

New Jersey Passaic County Paterson 07502 Totowa Section

158 Preakness Ave Unit 164, Paterson, NJ

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