NOT LISTED FOR SALE

171 Market St Paterson, NJ 07505

Downtown Paterson Neighborhood

Estimated Value: $3,257,608

-- Bed
-- Bath
60,400 Sq Ft
$54/Sq Ft Est. Value

About This Home

This home is located at 171 Market St, Paterson, NJ 07505 and is currently estimated at $3,257,608, approximately $53 per square foot. 171 Market St 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 Two.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2021
Sold by
171-181 Market Street Paterson Llc
Bought by
171-181 Market St Paterson 2021 Llc
Current Estimated Value
$3,257,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2019
Sold by
Paterson Med Realty Llc
Bought by
171 181 Market Street Paterson Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,678,842
Interest Rate
4.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 5, 2007
Sold by
171 181 Market Street Llc
Bought by
Paterson Med Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 18, 1998
Sold by
Mapa Realty Company
Bought by
171-181 Market Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,185,000
Interest Rate
6.9%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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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
171-181 Market St Paterson 2021 Llc $2,800,000 Chicago Title
171 181 Market Street Paterson Llc $2,650,000 Town Title Agency Llc
Paterson Med Realty Llc $2,985,000 --
171-181 Market Street Llc $1,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 171-181 Market St Paterson 202 $2,135,000
Previous Owner 171-181 Market St Paterson 2021 Llc $2,300,000
Previous Owner 171 181 Market Street Paterson Llc $2,678,842
Previous Owner Paterson Med Realty Llc $2,902,594
Previous Owner Paterson Med Realty Llc $500,000
Previous Owner Paterson Med Realty Llc $2,500,000
Previous Owner 171-181 Market Street Llc $1,342,000
Previous Owner 171-181 Market Street Llc $1,185,000
Source: Public Records

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 $153,650 $3,015,700 $693,500 $2,322,200
2024 $147,860 $3,015,700 $693,500 $2,322,200
2022 $139,989 $3,015,700 $693,500 $2,322,200
2021 $134,983 $3,015,700 $693,500 $2,322,200
2020 $125,905 $3,015,700 $693,500 $2,322,200
2019 $207,349 $5,015,700 $693,500 $4,322,200
2018 $199,134 $4,603,200 $693,500 $3,909,700
2017 $162,972 $3,917,600 $693,500 $3,224,100
2016 $169,985 $3,917,600 $693,500 $3,224,100
2015 $160,935 $3,917,600 $693,500 $3,224,100
2014 $124,700 $4,300,000 $2,773,000 $1,527,000
Source: Public Records

Map

New Jersey Passaic County Paterson 07505 Downtown Paterson

171 Market St, Paterson, NJ

This home is located at 171 Market St, Paterson, NJ 07505 and is currently estimated at $3,257,608, approximately $53 per square foot. 171 Market St 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 Two.

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