NOT LISTED FOR SALE

242 Commercial Ave Palisades Park, NJ 07650

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

4 Beds
3 Baths
2,622 Sq Ft
$459/Sq Ft Est. Value

About This Home

This home is located at 242 Commercial Ave, Palisades Park, NJ 07650 and is currently estimated at $1,204,120, approximately $459 per square foot. 242 Commercial Ave is a home located in Bergen County with nearby schools including Lindbergh Elementary School, Palisades Park Jr Sr High School, and Notre Dame Academy.

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

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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.

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First American

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Quantarium

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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
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

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

Map

New Jersey Bergen County Palisades Park 07650

242 Commercial Ave, Palisades Park, NJ

This home is located at 242 Commercial Ave, Palisades Park, NJ 07650 and is currently estimated at $1,204,120, approximately $459 per square foot. 242 Commercial Ave is a home located in Bergen County with nearby schools including Lindbergh Elementary School, Palisades Park Jr Sr High School, and Notre Dame Academy.

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