NOT LISTED FOR SALE

Estimated Value: $611,000 - $696,000

5 Beds
3 Baths
2,241 Sq Ft
$283/Sq Ft Est. Value

Last Sold May 02, 2022

Last sale price $465,000 $207 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,275/month

22 Days on Market

About This Home

As of May 2022

A fully rented legal 3 family house in Atlantic St, Paterson, NJ. All the tenants are on month to month lease. All the tenants are long term tenants. Separate utilities for all the apartments. The house is well maintained and well taken care. This house is equipped with State Mandated Fire monitoring alarm system.

Last Agent to Sell the Property

Arun Thomas

ATP Realty Inc. Listed on: 02/28/2022

Last Buyer's Agent

LUIS MONTES DE OCA

Exit Golden Realty Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,532

Lot Details

  • 2,500

Home Design

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Laundry in Basement
  • 2,500 Sq Ft Lot

Listing and Financial Details

  • Legal Lot and Block 00018 / 05402

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,532

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement, In Unit
  • Co List Office Phone: (201) 566-2116
  • MLS Status: Sold - Sold
  • Directions: Marshall St to Atlantic St. The house is at the corner of Atlantic and Levine St
  • Architectural Style: 3 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Basement Remarks: Unfinished with heating systems and hot water tank

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat, Water Connected

Lot Info

  • Lot Size Sq Ft: 2500.0

Tax Info

  • Tax Annual Amount: 10532.0
  • Tax Block: 05402
  • Tax Lot: 00018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2022
Closed on
Apr 29, 2022
Sold by
James Naomi
Bought by
Gamarra A & B Realty Llc
Seller's Agent
Arun Thomas
ATP Realty Inc.
Buyer's Agent
LUIS MONTES DE OCA
Exit Golden Realty Group, LLC
List Price
$495,000
Sold Price
$465,000
Premium/Discount to List
-$30,000
-6.06%
Current Estimated Value
$605,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,236
Avg. Annual Appreciation
8.34%
Original Mortgage
$372,000
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 27, 2015
Closed on
Oct 21, 2015
Sold by
190 Atlantic Street Llc
Bought by
James Naomi
Seller's Agent
Samuel Rivera
COLDWELL BANKER REALTY
Buyer's Agent
ARUN THOMAS
ATP REALTY
Sold Price
$234,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.11%
Original Mortgage
$175,500
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2014
Sold by
Rivera Margarita
Bought by
190 Atlantic Street Llc

Purchase Details

Closed on
Nov 24, 1998
Sold by
Rivera Efrain
Bought by
Rivera Efrain and Rivera Margarita

Purchase Details

Closed on
Nov 24, 1994
Sold by
Marchisen Andrew
Bought by
Rivera Efrain

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
9.23%
Source: Public Records

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
Gamarra A & B Realty Llc $465,000 Phoenix Title Agency
James Naomi $234,000 Stewart Title Guaranty Compa
190 Atlantic Street Llc -- None Available
Rivera Efrain -- --
Rivera Efrain $86,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gamarra A & B Realty Llc $372,000
Previous Owner James Naomi $175,500
Previous Owner Amezouita Rivera Margarita $0
Previous Owner Rivera Efrain $125,000
Previous Owner Rivera Efrain $88,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2022 05/02/22 Sold $465,000 -6.1% $207 / Sq Ft
03/22/2022 03/22/22 Pending -- -- --
02/28/2022 02/28/22 For Sale $495,000 +111.5% $221 / Sq Ft
10/27/2015 10/27/15 Sold $234,000 -- $104 / 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 $11,537 $235,300 $28,700 $206,600
2022 $10,923 $235,300 $28,700 $206,600
2021 $10,532 $235,300 $28,700 $206,600
2020 $9,824 $235,300 $28,700 $206,600
2019 $9,508 $230,000 $28,200 $201,800
2018 $8,881 $205,300 $28,000 $177,300
2017 $9,135 $219,600 $27,800 $191,800
2016 $10,066 $232,000 $29,300 $202,700
2015 $9,531 $232,000 $29,300 $202,700
2014 $8,967 $309,200 $127,100 $182,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 22006611

New Jersey MLS

APN: 08-05402-0000-00018