NOT LISTED FOR SALE

216 Spring St Paterson, NJ 07503

South Paterson Neighborhood

Estimated Value: $70,000 - $524,000

0.09 Acre
$3,300,000 Price per Acre
3,920 Sq Ft Lot

Last Sold December 30, 2016

Last sale price $25,000 $18 Per Sq Ft

Est. 1,088% increase in value since last sale

Current estimated payment $1,757/month

223 Days on Market

About This Lot

As of December 2016

This home is located at 216 Spring St, Paterson, NJ 07503 since 03 March 2016 and is currently estimated at $297,000, approximately $214 per square foot. 216 Spring 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 No. 3.

Last Agent to Sell the Property

ROSE PALUMBO

UNICASA UNION REALTY INC Brokerage Phone: 973-942-4300 Listed on: 03/03/2016

Last Buyer's Agent

ROSE PALUMBO

UNICASA UNION REALTY INC Brokerage Phone: 973-942-4300 Listed on: 03/03/2016

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,667

Lot Details

  • 3,920 Sq Ft Lot

Property Details

Property Type

Land

Est. Annual Taxes

$1,667

Lot Details

0

Listing Details

  • County Name: Passaic
  • I D: 4604866
  • Modified: 2017-12-31
  • Attribution Contact: 973-942-4300
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: LotsLands

Lot Info

  • Total Acres: 0.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 24, 2025
Sold by
216-224 Spring Street Cv2020 Llc
Bought by
Spring Lafayette Holdings Llc
Current Estimated Value
$297,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,822,000
Outstanding Balance
$37,790,068
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
-$37,562,068

Purchase Details

Closed on
Mar 3, 2021
Sold by
216 224 Spring Street Holdings Llc
Bought by
216 224 Spring Street Cv2020 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$9,100,000
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Closed on
May 1, 2019
Sold by
220 Spring Holdings Llc
Bought by
216 224 Spring Street Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 28, 2018
Sold by
Caggia Realty Corp
Bought by
220 Spring Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 3, 2016
Closed on
Dec 29, 2016
Sold by
Amato Gesualda
Bought by
Caggi Realty Corp
Seller's Agent
ROSE PALUMBO
UNICASA UNION REALTY INC
Buyer's Agent
ROSE PALUMBO
UNICASA UNION REALTY INC
List Price
$30,000
Sold Price
$25,000
Premium/Discount to List
-$5,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.08%

Purchase Details

Closed on
Oct 2, 1979
Bought by
Amato Joseph and Amato Gesualda
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
Spring Lafayette Holdings Llc -- None Listed On Document
Spring Lafayette Holdings Llc -- None Listed On Document
216 224 Spring Street Cv2020 Llc -- Ans Title
216-224 Spring Street Cv2020 Llc -- Fidelity National Title
216 224 Spring Street Holdings Llc $3,500,000 Multiple
220 Spring Holdings Llc $200,000 Sunrise Title Services Inc
Caggi Realty Corp $25,000 Chicago Title Insurance Co
Amato Joseph $27,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spring Lafayette Holdings Llc $37,822,000
Closed Spring Lafayette Holdings Llc $37,822,000
Previous Owner 216-224 Spring Street Cv2020 L $16,040,000
Previous Owner 216-224 Spring Street Cv2020 Llc $9,100,000
Previous Owner 216 224 Spring Street Holdings Llc $1,000,000
Previous Owner 216 224 Spring Street Holdings Llc $5,000,000
Previous Owner 220 Spring Holdings Llc $312,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2016 12/30/16 Sold $25,000 -16.7% $18 / Sq Ft
10/12/2016 10/12/16 Pending -- -- --
03/03/2016 03/03/16 For Sale $30,000 -- $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 $1,667 $34,000 $34,000 $0
2022 $1,849 $34,000 $34,000 $0
2021 $1,849 $41,300 $34,000 $7,300
2020 $1,724 $41,300 $34,000 $7,300
2019 $1,687 $40,800 $33,600 $7,200
2018 $1,748 $40,400 $33,300 $7,100
2017 $1,668 $40,100 $33,100 $7,000
2016 $1,948 $44,900 $34,900 $10,000
2015 $1,844 $44,900 $34,900 $10,000
2014 $1,595 $55,000 $45,000 $10,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    ROSE PALUMBO

    UNICASA UNION REALTY INC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3286852

Garden State MLS

APN: 08-05808-0000-00002

New Jersey Passaic County Paterson 07503 South Paterson

216 Spring St, Paterson, NJ

This home is located at 216 Spring St, Paterson, NJ 07503 since 03 March 2016 and is currently estimated at $297,000, approximately $214 per square foot. 216 Spring 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 No. 3.

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