NOT LISTED FOR SALE

247 7th St Palisades Park, NJ 07650

Estimated Value: $1,275,000 - $1,511,187

7 Beds
5 Baths
3,336 Sq Ft
$415/Sq Ft Est. Value

Last Sold May 22, 2024

Last sale price $1,390,000 $417 Per Sq Ft

Current estimated payment $9,017/month

78 Days on Market

About This Home

As of May 2024

GREAT INVESTMENT TWO FAMILY HOUSE ON 7TH ST...YOUNG AND MODERN EAST-FACING HOUSE FILLED WITH LOTS OF NATURAL LIGHTS. FINISHED GROUND FLOOR THAT HAS TWO BEDROOMS AND KITCHEN. EACH UNIT HAS ITS OWN WASHER AND DRYER.

Last Agent to Sell the Property

Gina Seo

Palisades Park Properties DBA Kaymax Realty, Inc. Listed on: 12/19/2023

Last Buyer's Agent

Jason Lee

Christie's International Real Estate Group-Fort Lee

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,767

Lot Details

  • 5,101 Sq Ft Lot
  • Lot Dimensions are 50x100

Parking

  • 1 Car Garage

Home Design

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Laundry in unit

Listing and Financial Details

  • Legal Lot and Block 00014 / 00401

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,767

Lot Details

0

Parking

1

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Unit
  • Co List Office Phone: (201) 461-0906
  • MLS Status: Sold - Sold
  • Directions: 7th BET BRINKERHOFF AND PALISADES BLVD
  • Architectural Style: 2 Family
  • Year Built Details: 2000's
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 5
  • Total Bedrooms: 7
  • Basement Remarks: SEE G

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Garage/Parking

  • Garage Spaces: 1.0

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat, Water Connected

Lot Info

  • Lot Dimensions: 50X100
  • Lot Size Sq Ft: 5101.0

Tax Info

  • Tax Annual Amount: 16767.0
  • Tax Block: 00401
  • Tax Lot: 00014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2023
Closed on
May 3, 2024
Sold by
Tak Michele and Lee Suckmin
Bought by
Kwon Lee J and Kwon Suk K
Seller's Agent
Gina Seo
Palisades Park Properties DBA Kaymax Realty, Inc.
Buyer's Agent
Jason Lee
Christie's International Real Estate Group-Fort Lee
List Price
$1,390,000
Sold Price
$1,390,000
Views
64
Current Estimated Value
$1,385,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,453
Avg. Annual Appreciation
-0.25%
Original Mortgage
$760,000
Outstanding Balance
$750,038
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$635,509

Purchase Details

Closed on
Apr 16, 2014
Sold by
Tak Michelle
Bought by
Lee Suckmin and Tak Christine

Purchase Details

Closed on
Jan 30, 2003
Sold by
Celidonio & Sons Inc
Bought by
Tak Michelle and Tak Joung U

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.09%

Purchase Details

Closed on
Mar 15, 2002
Sold by
Lupo Joseph
Bought by
Celedonio & Sons Inc
Source: Public Records

Range of Values:

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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
Kwon Lee J $1,390,000 Stewart Title
Lee Suckmin -- --
Tak Michelle $743,000 --
Celedonio & Sons Inc $285,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kwon Lee J $760,000
Previous Owner Tak Michelle $370,000
Previous Owner Cristescu Corina $336,000
Previous Owner Tak Michelle $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2024 05/22/24 Sold $1,390,000 0.0% $417 / Sq Ft
03/06/2024 03/06/24 Pending -- -- --
12/19/2023 12/19/23 For Sale $1,390,000 -- $417 / Sq Ft
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 $17,619 $1,264,100 $489,800 $774,300
2024 $17,232 $1,210,900 $467,200 $743,700
2023 $17,103 $1,165,100 $452,000 $713,100
2022 $17,103 $1,111,300 $429,300 $682,000
2021 $16,765 $1,058,400 $409,000 $649,400
2020 $16,280 $1,055,100 $404,000 $651,100
2019 $15,325 $754,200 $285,000 $469,200
2018 $14,926 $754,200 $285,000 $469,200
2017 $14,775 $754,200 $285,000 $469,200
2016 $14,337 $754,200 $285,000 $469,200
2015 $14,036 $754,200 $285,000 $469,200
2014 $13,402 $754,200 $285,000 $469,200
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2024

    Gina Seo

    Palisades Park Properties DBA Kaymax Realty, Inc.

    (201) 638-3857

    34 in this area

    48 Total Sales

    Gina Seo
    Section Image
  • Jason Lee

    Buyer's Agent in 2024

    Jason Lee

    Christie's International Real Estate Group-Fort Lee

    (201) 913-5247

    19 in this area

    105 Total Sales

    Jason Lee
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 23037759

New Jersey MLS

APN: 45-00401-0000-00014

New Jersey Bergen County Palisades Park 07650

247 7th St, Palisades Park, NJ

This home is located at 247 7th St, Palisades Park, NJ 07650 since 19 December 2023 and is currently estimated at $1,385,547, approximately $415 per square foot. 247 7th St 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.

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