NOT LISTED FOR SALE

247 E 16th St Paterson, NJ 07524

Riverside Neighborhood

Estimated Value: $524,215 - $585,000

-- Bed
-- Bath
1,908 Sq Ft
$293/Sq Ft Est. Value

Last Sold September 13, 2017

Last sale price $165,000 $86 Per Sq Ft

Est. 240% increase in value since last sale

Current estimated payment $3,767/month

87 Days on Market

About This Home

As of September 2017

This home is located at 247 E 16th St, Paterson, NJ 07524 since 17 April 2017 and is currently estimated at $559,554, approximately $293 per square foot. 247 E 16th St is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Paterson School 6.

Last Agent to Sell the Property

Steve Crivello

CRS AGENCY ELITE LLC Brokerage Phone: 973-870-0057 Listed on: 04/17/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,306

Lot Details

  • 37 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,306

Lot Details

0

Listing Details

  • County Name: Passaic
  • Street Number Display: 247-251
  • I D: 4705582
  • Modified: 2021-09-23
  • Number Images: 0
  • Attribution Contact: 973-870-0057
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 37 X 75
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2017
Closed on
Aug 16, 2017
Sold by
Bank Of America Na
Bought by
Guzman David R
Seller's Agent
Steve Crivello
CRS AGENCY ELITE LLC
List Price
$159,000
Sold Price
$165,000
Premium/Discount to List
$6,000
3.77%
Current Estimated Value
$561,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,573
Avg. Annual Appreciation
16.21%
Original Mortgage
$162,011
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 15, 2015
Sold by
Martinez Elba and Abreu Modesto R
Bought by
Bannk Of America Na

Purchase Details

Closed on
Oct 27, 2006
Sold by
Fong Jamie Fong
Bought by
Martinez Elba and Abrue Modesto R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,950
Interest Rate
6.31%

Purchase Details

Closed on
Apr 28, 2004
Sold by
Gonzalez Nelson
Bought by
Fong Jamie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,300
Interest Rate
5.47%
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
Guzman David R $165,000 None Available
Bannk Of America Na -- Attorney
Martinez Elba $387,000 --
Fong Jamie $172,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guzman David R $286,500
Closed Guzman David R $270,903
Closed Guzman David R $259,462
Previous Owner Guzman David R $162,011
Previous Owner Martinez Elba $390,979
Previous Owner Martinez Elba $380,950
Previous Owner Fong Jamie $166,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2017 09/13/17 Sold $165,000 +3.8% $86 / Sq Ft
07/13/2017 07/13/17 Pending -- -- --
04/17/2017 04/17/17 For Sale $159,000 -- $83 / 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 $8,306 $169,400 $47,400 $122,000
2022 $7,864 $169,400 $47,400 $122,000
2021 $7,582 $169,400 $47,400 $122,000
2020 $7,072 $169,400 $47,400 $122,000
2019 $6,883 $166,500 $47,400 $119,100
2018 $7,116 $164,500 $47,200 $117,300
2017 $7,455 $179,200 $46,900 $132,300
2016 $8,201 $189,000 $49,100 $139,900
2015 $7,764 $189,000 $49,100 $139,900
2014 $9,251 $319,000 $156,000 $163,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Steve Crivello

    CRS AGENCY ELITE LLC

    (908) 300-0973

    1 Total Sale

    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3379898

Garden State MLS

APN: 08-02814-0000-00008

New Jersey Passaic County Paterson 07524 Riverside

247 E 16th St, Paterson, NJ

This home is located at 247 E 16th St, Paterson, NJ 07524 since 17 April 2017 and is currently estimated at $559,554, approximately $293 per square foot. 247 E 16th St is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Paterson School 6.

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