NOT LISTED FOR SALE

242 Commercial Ave Unit 1st floor Palisades Park, NJ 07650

Estimated Value: $990,480 - $1,636,000

1 Bed
1 Bath
-- Sq Ft
5,184 Sq Ft Lot

Highlights

  • Views to the East
  • Baseboard Heating
  • Washer and Dryer
  • Cooling System Powered By Gas

About This Home

As of October 2023

very bright 1 bed room. convenient place to shopping & public transportation. 1 garage + 1 parking space all hardwood flooring. new painted. renovating kitchen with new counter top & cabinet. separate electric, gas, water. washer/dryer in unit. snow removal by tenant & lawn maint. by landlord. back yard extra....

Last Agent to Rent the Property

Kyungju Suh

Jois Realty LLC Listed on: 09/18/2023

Last Renter's Agent

JONG YUN

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,790

Year Built

  • 1983

Lot Details

  • 5,184

Parking

  • 1 Open Parking Space
  • 1 Car Garage

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Washer and Dryer

Schools

  • Lindbergh Elementary School
  • Palisades Pk. Jr/Sr High School

Utilities

  • Cooling System Powered By Gas
  • Heating System Uses Natural Gas
  • Baseboard Heating

Additional Features

  • Views to the East
  • Gas Oven or Range

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,790

Year Built

1983

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Lease
  • PropertySubType: 2 Family
  • ResoLaundryFeatures: In Unit
  • View Type:Pond View: East, Sunrise, South
  • NAV29_Unit_1_Appliances: Ov/Rang/Gs, Refrigerator, Washer/Dryer
  • Reso Association Amenities: None
  • Reso Pets Allowed: Cats Prohbtd, Dogs Prohbtd
  • Co List Office Phone: (201) 452-0513
  • MLS Status: Leased - Leased
  • Directions: Grand to Roosevelt to Commercial
  • Reso Fireplace Features: None
  • Year Built Details: 1980's
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built (Public Record): 1983

Interior Features

  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Primary Bathroom: No

Exterior Features

  • Disclosures: Seller's Agent

Garage/Parking

  • Garage Spaces: 1.0
  • Open Parking Spaces: 1.0
  • Parking Features: Attached

Utilities

  • Cooling: Electric, Gas
  • Heating: Baseboard, Electric, Natural Gas, Hot Water

Schools

  • Elementary School: Lindbergh E.S.
  • High School: Palisades Pk. Jr/Sr
  • Elementary: Lindbergh E.S.

Lot Info

  • Lot: 00006

MLS Schools

  • High School Text: Palisades Pk. Jr/Sr

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2005
Sold by
Woo Joung Hee
Bought by
Lee Hyun Suk
Current Estimated Value
$1,204,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$528,000
Interest Rate
5.81%

Purchase Details

Closed on
Jul 26, 2000
Sold by
Akkusu Arman and Akkusu Denise
Bought by
Woo Joung Hee and Chung Moon Keung

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
8.21%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lee Hyun Suk $660,000 --
-- -- --
Woo Joung Hee $315,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner -- $528,000
Previous Owner Woo Joung Hee $195,000
Previous Owner Akkusu Arman $255,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2023 10/12/23 Rented $1,950 0.0% --
10/02/2023 10/02/23 Price Changed $1,950 -11.4% --
09/18/2023 09/18/23 For Rent $2,200 -- --
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
2025 $10,790 $769,600 $447,900 $321,700
2024 $10,588 $741,600 $427,600 $314,000
2023 $10,464 $715,900 $414,900 $301,000
2022 $10,464 $679,900 $392,000 $287,900
2021 $10,321 $651,600 $371,600 $280,000
2020 $10,076 $653,000 $366,600 $286,400
2019 $10,164 $500,200 $250,800 $249,400
2018 $9,899 $500,200 $250,800 $249,400
2017 $9,799 $500,200 $250,800 $249,400
2016 $9,509 $500,200 $250,800 $249,400
2015 $9,309 $500,200 $250,800 $249,400
2014 $8,889 $500,200 $250,800 $249,400
Source: Public Records

Agents Affiliated with this Home

  • K

    Landlord's Agent in 2023

    Kyungju Suh

    Jois Realty LLC

    (201) 452-0255

    14 Total Sales

    Section Image

  • J

    Tenant's Agent in 2023

    JONG YUN

    (201) 401-7797

    5 in this area

    30 Total Sales

    Section Image
See All Agents

Map

Source: New Jersey MLS

MLS Number: 23028879

New Jersey MLS

APN: 45-00105-0000-00006

New Jersey Bergen County Palisades Park 07650

242 Commercial Ave Unit 1st floor, Palisades Park, NJ

This home is located at 242 Commercial Ave Unit 1st floor, Palisades Park, NJ 07650 since 18 September 2023 and is currently priced at $1,204,120. This property was built in 1983. 242 Commercial Ave Unit 1st floor is a home located in Bergen County with nearby schools including Lindbergh Elementary School, Palisades Park Jr Sr High School, and Notre Dame Academy.

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.

New Jersey MLS The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

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

© 2025 New Jersey Multiple Listing Service Inc. All rights reserved.

Nearby Homes