NOT LISTED FOR SALE

198 Summer St Paterson, NJ 07501

Eastside Neighborhood

Estimated Value: $385,000 - $527,115

-- Bed
-- Bath
2,258 Sq Ft
$197/Sq Ft Est. Value

Last Sold June 17, 2016

Last sale price $41,000 $18 Per Sq Ft

Est. 987% increase in value since last sale

Current estimated payment $3,036/month

251 Days on Market

About This Home

As of June 2016

This home is located at 198 Summer St, Paterson, NJ 07501 since 08 August 2015 and is currently estimated at $445,529, approximately $197 per square foot. 198 Summer St is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Paterson School 6.

Last Agent to Sell the Property

RALPH BARONE

NJ REO ASSET MANAGEMENT & REALTY Brokerage Phone: 973-429-0990 Listed on: 08/08/2015

Last Buyer's Agent

RALPH BARONE

NJ REO ASSET MANAGEMENT & REALTY Brokerage Phone: 973-429-0990 Listed on: 08/08/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,418

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,418

Lot Details

0

Listing Details

  • County Name: Passaic
  • Street Number Display: 198
  • I D: 4631941
  • Modified: 2017-06-18
  • Number Images: 1
  • Attribution Contact: 973-429-0990
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2016
Sold by
Salih Massy
Bought by
M And A Real Estate Development Llc
Total Days on Market
251
Current Estimated Value
$445,529

Purchase Details

Listed on
Aug 8, 2015
Closed on
May 5, 2016
Sold by
The Bank Of New York Mellon
Bought by
Salih Massy
Seller's Agent
RALPH BARONE
NJ REO ASSET MANAGEMENT & REALTY
Buyer's Agent
RALPH BARONE
NJ REO ASSET MANAGEMENT & REALTY
List Price
$49,900
Sold Price
$41,000
Premium/Discount to List
-$8,900
-17.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.47%

Purchase Details

Closed on
Sep 25, 2014
Sold by
Restrepo Robinson
Bought by
Bank Of New York Mellon

Purchase Details

Closed on
May 18, 2005
Sold by
Kopic Marko
Bought by
Restrepo Robinson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
5.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 2003
Sold by
Ballard William
Bought by
Ciaravino John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,750
Interest Rate
5.86%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
M And A Real Estate Development Llc -- None Available
Salih Massy $41,000 American Land Title Assn
Bank Of New York Mellon -- None Available
Restrepo Robinson $260,000 --
Ciaravino John $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Restrepo Robinson $268,000
Previous Owner Restrepo Robinson $208,000
Previous Owner Kopic Marko $250,000
Previous Owner Ciaravino John $99,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2016 06/17/16 Sold $41,000 -17.8% $18 / Sq Ft
04/15/2016 04/15/16 Pending -- -- --
08/08/2015 08/08/15 For Sale $49,900 -- $22 / 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
2024 $6,418 $130,900 $21,900 $109,000
2022 $6,076 $130,900 $21,900 $109,000
2021 $5,859 $130,900 $21,900 $109,000
2020 $5,465 $130,900 $21,900 $109,000
2019 $5,296 $128,100 $21,600 $106,500
2018 $5,581 $129,000 $21,500 $107,500
2017 $6,236 $149,900 $21,400 $128,500
2016 $6,869 $158,300 $22,500 $135,800
2015 $6,503 $158,300 $22,500 $135,800
2014 $9,654 $332,900 $134,300 $198,600
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    RALPH BARONE

    NJ REO ASSET MANAGEMENT & REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3312117

Garden State MLS

APN: 08-03607-0000-00002

New Jersey Passaic County Paterson 07501 Eastside

198 Summer St, Paterson, NJ

This home is located at 198 Summer St, Paterson, NJ 07501 since 08 August 2015 and is currently estimated at $445,529, approximately $197 per square foot. 198 Summer St is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Paterson School 6.

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