NOT LISTED FOR SALE

197 Norman Way Paramus, NJ 07652

Estimated Value: $883,000 - $2,096,000

6 Beds
5.5 Baths
1,657 Sq Ft
$1,028/Sq Ft Est. Value

Last Sold December 11, 2024

Last sale price $2,025,000 $1,222 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $9,757/month

36 Days on Market

Highlights

  • New Construction
  • En-Suite Primary Bedroom
  • Rectangular Lot
  • Paramus High School Rated A-
  • Central Air

About This Home

As of December 2024

BRAND NEW! With impressive accented stucco and Azek exterior, this gracious ctr hall colonial exudes modern elegance. The artistic front door opens to soaring foyer framed with transom window above. The 1st level has a formal living rm, dining room w accent wall & butler/beverage bar leading to a chef-inspired kitchen. The heart of the home has crisp white cabinetry, contrast hue island w/ seating, high-end appliances, and a dedicated pantry. Also 1st floor generous guest suite, powder rm and fitted mudroom. Upstairs a stunning primary suite w/ a coffered ceiling, amazing walk-in dressing closet and spa-like bathroom, a Jr suite w/FB & 2 more large BRs & FB. Finished lower level w/ gym, theatre rm, bedroom & bathroom and rec rm. Prime location near Van Saun County Park, schools, shopping & commuting. Low taxes, great schools! SOON TO BE COMPLETED

Last Agent to Sell the Property

Joanne Curcio

RE/MAX Real Estate Limited Listed on: 06/24/2024

RE/MAX Real Estate Limited

Last Buyer's Agent

Orly Chen

RE/MAX Properties Plus

RE/MAX Properties Plus

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,577

Year Built

  • 1955

Lot Details

  • 9,374 Sq Ft Lot
  • Rectangular Lot

Parking

  • 2 Car Garage

Bedrooms and Bathrooms

  • 6 Bedrooms
  • En-Suite Primary Bedroom

Finished Basement

  • Basement Fills Entire Space Under The House

Schools

  • Memorial Elementary School
  • Eastbrook Middle School
  • Paramus High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 00012 / 02708

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,577

Year Built

1955

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Private
  • PropertySubType: Single Family Residence
  • ResoLotFeatures: Regular
  • View Type:Pond View: None
  • Co List Office Phone: 201-599-1100
  • Outside Inclusions: KITCHEN APPLIANCES
  • MLS Status: Sold - Sold
  • Directions: Forest Ave to Norman Way
  • Reso Fireplace Features: 1 Fireplace, None
  • Year Built Details: New Const-New Fdn
  • PropertySubTypeAdditional: Cntr Hl
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1955

Interior Features

  • Basement: Finished, Full
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Primary Bathroom: Yes

Exterior Features

  • Pool Features: None
  • Pool Private: No
  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - No
  • Construction Type: Stucco

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air, Zoned

Schools

  • Elementary School: MEMORIAL
  • High School: PARAMUS HIGH SCHOOL
  • Middle Or Junior School: EASTBROOK
  • Elementary: MEMORIAL

Lot Info

  • Lot Size Sq Ft: 9374.0

Tax Info

  • Tax Block: 02708
  • Tax Lot: 00012

MLS Schools

  • High School Text: PARAMUS HIGH SCHOOL

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2024
Closed on
Dec 3, 2024
Sold by
197 Norman Llc
Bought by
Mody Niv
Seller's Agent
Joanne Curcio
RE/MAX Real Estate Limited
Buyer's Agent
Orly Chen
RE/MAX Properties Plus
List Price
$2,099,000
Sold Price
$2,025,000
Premium/Discount to List
-$74,000
-3.53%
Total Days on Market
36
Views
43
Current Estimated Value
$1,703,855

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$321,145
Avg. Annual Appreciation
-28.26%
Original Mortgage
$350,000
Interest Rate
5.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 17, 2023
Closed on
Jun 7, 2023
Sold by
Patel Dave and Patel Manjula
Bought by
197 Norman Llc
Seller's Agent
Joanne Curcio
RE/MAX Real Estate Limited
Buyer's Agent
Joanne Curcio
RE/MAX Real Estate Limited
List Price
$699,000
Sold Price
$690,000
Premium/Discount to List
-$9,000
-1.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
104.01%
Original Mortgage
$1,181,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 21, 2014
Closed on
Nov 14, 2014
Sold by
Molfetas Peter and Molfetas Maria
Bought by
Patel Dave and Patel Manjula
Seller's Agent
ROCIO HERNANDEZ
COLDWELL BANKER REALTY RDG
Buyer's Agent
GOHAR GRIGORYAN
KELLER WILLIAMS VILLAGE SQUARE
Sold Price
$516,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.45%

Purchase Details

Closed on
Sep 27, 1994
Sold by
Smith Joan
Bought by
Molfetas Peter and Molfetas Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,000
Interest Rate
8.49%
Source: Public Records

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Range of Values:

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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
Mody Niv $2,025,000 Main Street Title
197 Norman Llc $690,000 Westcor Land Title
Patel Dave $516,500 None Available
Molfetas Peter $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mody Niv $350,000
Previous Owner 197 Norman Llc $1,181,000
Previous Owner Patel Dave $400,000
Previous Owner Molfetas Peter $408,000
Previous Owner Molfetas Peter $381,400
Previous Owner Molfetas Peter $377,400
Previous Owner Molfetas Peter $219,000
Previous Owner Molfetas Peter $191,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2024 12/11/24 Sold $2,025,000 -3.5% $1,222 / Sq Ft
07/30/2024 07/30/24 Pending -- -- --
06/24/2024 06/24/24 For Sale $2,099,000 +204.2% $1,267 / Sq Ft
06/09/2023 06/09/23 Sold $690,000 -1.3% $416 / Sq Ft
05/02/2023 05/02/23 Pending -- -- --
04/17/2023 04/17/23 For Sale $699,000 +35.3% $422 / Sq Ft
11/21/2014 11/21/14 Sold $516,500 -- $312 / 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 $8,577 $640,200 $340,200 $300,000
2023 $8,145 $559,100 $323,000 $236,100
2022 $8,145 $524,800 $302,300 $222,500
2021 $7,989 $483,000 $278,000 $205,000
2020 $7,343 $460,400 $258,000 $202,400
2019 $6,830 $368,000 $220,000 $148,000
2018 $6,536 $356,600 $220,000 $136,600
2017 $6,422 $356,600 $220,000 $136,600
2016 $6,176 $352,500 $220,000 $132,500
2015 $6,112 $352,500 $220,000 $132,500
2014 $6,059 $352,500 $220,000 $132,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 24020150

New Jersey MLS

APN: 46-02708-0000-00012