NOT LISTED FOR SALE

225 Preakness Ave Paterson, NJ 07502

Hillcrest Neighborhood

Estimated Value: $410,000 - $640,000

-- Bed
-- Bath
1,091 Sq Ft
$481/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $420,600 $386 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $3,196/month

42 Days on Market

About This Home

As of June 2021

This home is located at 225 Preakness Ave, Paterson, NJ 07502 since 23 March 2021 and is currently estimated at $525,083, approximately $481 per square foot. 225 Preakness Ave is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Paterson Public School No. 5.

Last Agent to Sell the Property

Carlos Goyburu

GOYBURU REALTY, LLC Brokerage Phone: 973-530-4056 Listed on: 03/23/2021

Last Buyer's Agent

KOYES AHMED

UNICASA UNION REALTY INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,648

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,648

Lot Details

0

Listing Details

  • County Name: Passaic
  • Street Number Display: 225
  • I D: 5056656
  • Modified: 2022-07-01
  • Number Images: 1
  • Attribution Contact: 973-530-4056
  • 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

Listed on
Mar 23, 2021
Closed on
Jun 28, 2021
Sold by
Silk City Cv V 2019 Llc
Bought by
Islam Khoyrul and Akther Farhana
Seller's Agent
Carlos Goyburu
GOYBURU REALTY, LLC
Buyer's Agent
KOYES AHMED
UNICASA UNION REALTY INC
List Price
$420,000
Sold Price
$420,600
Premium/Discount to List
$600
0.14%
Current Estimated Value
$528,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,546
Avg. Annual Appreciation
5.70%
Original Mortgage
$412,981
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 2, 2019
Sold by
Silk City Development Llc
Bought by
Silk City Cv 2019 Llc

Purchase Details

Closed on
Dec 14, 2017
Sold by
Jcm Investors 1012 Llc
Bought by
Silk City Development Llc

Purchase Details

Closed on
Sep 12, 1997
Sold by
Romei Valerie and Romei Nicholas
Bought by
Bock Paul C and Bock Lynn D
Source: Public Records

Range of Values:

Collateral Analytics

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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
Islam Khoyrul $420,600 Residential Com Ttl Agcy Llc
Silk City Cv 2019 Llc -- Ans Title
Silk City Development Llc $27,000 None Available
Bock Paul C $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Islam Khoyrul $412,981
Previous Owner Pelham Properties Management Llc $183,000
Previous Owner Bock Lynn D $127,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2021 06/30/21 Sold $420,600 +0.1% $386 / Sq Ft
05/04/2021 05/04/21 Pending -- -- --
04/21/2021 04/21/21 For Sale $420,000 0.0% $385 / Sq Ft
03/24/2021 03/24/21 Pending -- -- --
03/23/2021 03/23/21 For Sale $420,000 -- $385 / 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 $3,648 $74,400 $29,600 $44,800
2022 $3,454 $74,400 $29,600 $44,800
2021 $3,330 $74,400 $29,600 $44,800
2020 $3,106 $74,400 $29,600 $44,800
2019 $3,076 $74,400 $29,600 $44,800
2018 $3,175 $73,400 $29,300 $44,100
2017 $3,033 $72,900 $29,100 $43,800
2016 $3,337 $76,900 $30,600 $46,300
2015 $3,159 $76,900 $30,600 $46,300
2014 $7,546 $260,200 $156,800 $103,400
Source: Public Records

Agents Affiliated with this Home

  • Carlos Goyburu

    Seller's Agent in 2021

    Carlos Goyburu

    GOYBURU REALTY, LLC

    (201) 926-2264

    1 in this area

    224 Total Sales

    Section Image

  • K

    Buyer's Agent in 2021

    KOYES AHMED

    UNICASA UNION REALTY INC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3699953

Garden State MLS

APN: 08-01305-0000-00017

New Jersey Passaic County Paterson 07502 Hillcrest

225 Preakness Ave, Paterson, NJ

This home is located at 225 Preakness Ave, Paterson, NJ 07502 since 23 March 2021 and is currently estimated at $525,083, approximately $481 per square foot. 225 Preakness Ave is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Paterson Public School No. 5.

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