NOT LISTED FOR SALE

200 Summer St Unit 202 Paterson, NJ 07501

Eastside Neighborhood

Estimated Value: $399,000 - $658,000

10 Beds
4 Baths
3,425 Sq Ft
$165/Sq Ft Est. Value

Last Sold April 24, 2023

Last sale price $255,000 $74 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $4,147/month

24 Days on Market

About This Home

As of April 2023

SIGNIFIGANT CASH FLOW OPPORTUNITY FOR CURRENTLY VACANT BUILDING ON A LARGER 50 X 100 LOT. This property is in need of either a complete renovation, or a tear down for development. Options: 1) renovate, 2) tear down and rebuild, OR 3) also purchase adjacent property at 204 Summer Street in package deal. All three (3) options = MAJOR DEVELOPMENT POTENTIAL.

Last Agent to Sell the Property

James Dow

Prominent Properties Sotheby's International Realty-Franklin Lakes Listed on: 01/31/2023

Prominent Properties Sotheby's International Realty-Franklin Lakes

Last Buyer's Agent

James Dow

Prominent Properties Sotheby's International Realty-Franklin Lakes Listed on: 01/31/2023

Prominent Properties Sotheby's International Realty-Franklin Lakes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,234

Lot Details

  • 5,001 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 4 Full Bathrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00003 / 03607

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,234

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: 201-848-4002
  • MLS Status: Sold - Sold
  • Directions: Straight St then east on Hamilton - North on Summer.
  • Architectural Style: 2 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • PropertySubTypeAdditional: Other
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 10

Exterior Features

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

Utilities

  • Utilities: See Remarks

Lot Info

  • Lot Size Sq Ft: 5001.0

Tax Info

  • Tax Annual Amount: 11234.0
  • Tax Block: 03607
  • Tax Lot: 00003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2024
Sold by
200 Summer Llc
Bought by
167 Temple St Llc
Current Estimated Value
$565,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,800
Outstanding Balance
$287,294
Interest Rate
6.64%
Mortgage Type
Construction
Estimated Equity
$277,833

Purchase Details

Listed on
Jan 31, 2023
Closed on
Apr 3, 2023
Sold by
Kurti Suad
Bought by
200 Summer Llc
Seller's Agent
James Dow
Prominent Properties Sotheby's International Realty-Franklin Lakes
Buyer's Agent
James Dow
Prominent Properties Sotheby's International Realty-Franklin Lakes
List Price
$300,000
Sold Price
$255,000
Premium/Discount to List
-$45,000
-15%
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.99%
Original Mortgage
$240,000
Interest Rate
6.6%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 2, 2017
Sold by
Deutsche Bank National Trust Co
Bought by
Kurti Suad

Purchase Details

Closed on
Dec 23, 2015
Sold by
Bertelli Anthony and Bertelli Stephanie
Bought by
Deutsche Bank Trustee Company Americas and Rali 2006 Qs13

Purchase Details

Closed on
May 12, 2015
Sold by
Sba Holdings Llc
Bought by
Bertelli Anthony and Corona Redmond Stephanie

Purchase Details

Closed on
May 9, 2006
Sold by
Stukes Andrew L
Bought by
Bertelli Anthony and Bertelli Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,560
Interest Rate
6.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 1996
Sold by
Butler John and Butler Gwendolyn
Bought by
Stukes Andrew and Stukes Dorothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,000
Interest Rate
7.83%
Mortgage Type
FHA
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
167 Temple St Llc $350,000 Foundation Title
200 Summer Llc $255,000 None Listed On Document
Kurti Suad $69,269 None Available
Deutsche Bank Trustee Company Americas -- None Available
Bertelli Anthony -- None Available
Bertelli Anthony $343,200 --
Stukes Andrew $83,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 167 Temple St Llc $1,050,800
Previous Owner 200 Summer Llc $240,000
Previous Owner Bertelli Anthony $274,560
Previous Owner Bertelli Anthony $51,480
Previous Owner Stukes Andrew $83,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2023 04/24/23 Sold $255,000 -15.0% $74 / Sq Ft
02/24/2023 02/24/23 Pending -- -- --
01/31/2023 01/31/23 For Sale $300,000 -- $88 / 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 $12,307 $251,000 $33,800 $217,200
2022 $11,651 $251,000 $33,800 $217,200
2021 $11,235 $251,000 $33,800 $217,200
2020 $10,479 $251,000 $33,800 $217,200
2019 $10,153 $245,600 $33,500 $212,100
2018 $10,478 $242,200 $33,400 $208,800
2017 $9,888 $237,700 $33,300 $204,400
2016 $10,891 $251,000 $35,000 $216,000
2015 $10,311 $251,000 $35,000 $216,000
2014 $9,953 $343,200 $145,400 $197,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    James Dow

    Prominent Properties Sotheby's International Realty-Franklin Lakes

    (201) 345-7131

    3 in this area

    7 Total Sales

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Map

Source: New Jersey MLS

MLS Number: 23002845

New Jersey MLS

APN: 08-03607-0000-00003

New Jersey Passaic County Paterson 07501 Eastside

200 Summer St Unit 202, Paterson, NJ

This home is located at 200 Summer St Unit 202, Paterson, NJ 07501 since 31 January 2023 and is currently estimated at $565,127, approximately $165 per square foot. 200 Summer St Unit 202 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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