NOT LISTED FOR SALE

246 Vernon Ave Unit 248 Paterson, NJ 07503

South Paterson Neighborhood

Estimated Value: $536,000 - $601,000

-- Bed
-- Bath
1,575 Sq Ft
$361/Sq Ft Est. Value

Last Sold August 15, 2022

Last sale price $475,000 $302 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,892/month

25 Days on Market

About This Home

As of August 2022

This home is located at 246 Vernon Ave Unit 248, Paterson, NJ 07503 since 13 June 2022 and is currently estimated at $569,175, approximately $361 per square foot. 246 Vernon Ave Unit 248 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

Baney Montoya

COCCIA REALTY BHGRE Brokerage Phone: 201-939-8900 Listed on: 06/13/2022

COCCIA REALTY BHGRE

Last Buyer's Agent

Melina Salazar

REALTY ONE GROUP LEGEND

REALTY ONE GROUP LEGEND

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,740

Lot Details

  • 3,049 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,740

Lot Details

0

Listing Details

  • County Name: Passaic
  • I D: 5158128
  • Attribution Contact: 201-939-8900
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 30X100
  • Total Acres: 0.07

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2022
Closed on
Aug 11, 2022
Sold by
Martins Sonia R and Martins Evelin
Bought by
Molina Martha and Durango Yudy Vanesa
Seller's Agent
Baney Montoya
COCCIA REALTY BHGRE
Buyer's Agent
Melina Salazar
REALTY ONE GROUP LEGEND
List Price
$439,000
Sold Price
$475,000
Premium/Discount to List
$36,000
8.2%
Current Estimated Value
$569,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,175
Avg. Annual Appreciation
5.63%
Original Mortgage
$466,396
Outstanding Balance
$445,143
Interest Rate
5.3%
Mortgage Type
FHA
Estimated Equity
$124,032
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Molina Martha $475,000 Foundation Title
Molina Martha $475,000 Foundation Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Molina Martha $466,396
Closed Molina Martha $466,396
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2022 08/15/22 Sold $475,000 +8.2% $302 / Sq Ft
07/08/2022 07/08/22 Pending -- -- --
06/13/2022 06/13/22 For Sale $439,000 -- $279 / 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
2025 $10,740 $210,800 $73,000 $137,800
2024 $10,336 $210,800 $73,000 $137,800
2022 $9,785 $210,800 $73,000 $137,800
2021 $9,435 $210,800 $73,000 $137,800
2020 $8,801 $210,800 $73,000 $137,800
2019 $8,512 $205,900 $71,300 $134,600
2018 $8,777 $202,900 $70,500 $132,400
2017 $8,378 $201,400 $70,000 $131,400
2016 $8,843 $203,800 $65,000 $138,800
2015 $8,372 $203,800 $65,000 $138,800
2014 $9,773 $337,000 $207,300 $129,700
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Baney Montoya

    COCCIA REALTY BHGRE

    (862) 686-9647

    2 in this area

    6 Total Sales

    Baney Montoya
    Section Image
  • Melina Salazar

    Buyer's Agent in 2022

    Melina Salazar

    REALTY ONE GROUP LEGEND

    (201) 803-3562

    4 in this area

    41 Total Sales

    Melina Salazar
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3788796

Garden State MLS

APN: 08-07702-0000-00019

New Jersey Passaic County Paterson 07503 South Paterson

246 Vernon Ave Unit 248, Paterson, NJ

Not Listed for Sale

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.

Garden State MLS The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.
Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.



This information is being provided for Consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

Nearby Homes