NOT LISTED FOR SALE

253 E 16th St Unit 255 Paterson, NJ 07524

Riverside Neighborhood

Estimated Value: $546,000 - $642,000

Studio
-- Bath
1,988 Sq Ft
$299/Sq Ft Est. Value

Last Sold October 18, 2023

Last sale price $535,000 $269 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,946/month

10 Days on Market

About This Home

As of October 2023

This home is located at 253 E 16th St Unit 255, Paterson, NJ 07524 since 14 May 2023 and is currently estimated at $594,733, approximately $299 per square foot. 253 E 16th St Unit 255 is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Dr. Frank Napier, Jr. School of Technology.

Last Agent to Sell the Property

Lewis Perez

REALTY ONE GROUP LEGEND Brokerage Phone: 973-772-0660 Listed on: 05/14/2023

REALTY ONE GROUP LEGEND

Last Buyer's Agent

LUIS MONTES DE OCA

EXIT GOLDEN REALTY GROUP LLC

Property Details

Home Type

  • Multi-Family

Lot Details

  • 3,920 Sq Ft Lot

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • County Name: Passaic
  • I D: 5220808
  • Attribution Contact: 973-772-0660
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 37X100
  • Total Acres: 0.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2023
Closed on
Oct 16, 2023
Sold by
Gonzalez Julia and Gonzalez Juan
Bought by
Rivera Michael Anthony
Seller's Agent
Lewis Perez
REALTY ONE GROUP LEGEND
Buyer's Agent
LUIS MONTES DE OCA
EXIT GOLDEN REALTY GROUP LLC
List Price
$459,900
Sold Price
$535,000
Premium/Discount to List
$75,100
16.33%
Views
98
Current Estimated Value
$594,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,733
Avg. Annual Appreciation
4.82%
Original Mortgage
$525,309
Outstanding Balance
$515,680
Interest Rate
7.49%
Mortgage Type
FHA
Estimated Equity
$79,053

Purchase Details

Listed on
Jan 19, 2021
Closed on
Apr 12, 2021
Sold by
Fernandez Wilfredo and Rodriguez Rafael
Bought by
Gonzalez Julia and Gonzalez Juan
Seller's Agent
FELIX F. RODRIGUEZ
UNITED REAL ESTATE
Buyer's Agent
FELIX F. RODRIGUEZ
UNITED REAL ESTATE
List Price
$380,000
Sold Price
$380,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.85%
Original Mortgage
$373,117
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 19, 2021
Closed on
Mar 24, 2021
Sold by
Fernandez Wilfredo and Rodriguez Rafael
Bought by
Gonzalez Julia and Gonzalez Juan
Seller's Agent
FELIX F. RODRIGUEZ
UNITED REAL ESTATE
Buyer's Agent
FELIX F. RODRIGUEZ
UNITED REAL ESTATE
List Price
$380,000
Sold Price
$380,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,117
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 20, 2008
Sold by
Fernanez Wilfredo
Bought by
Fernandez Wilfredo and Rodriguez Rafael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$398,895
Interest Rate
6.06%
Mortgage Type
FHA

Purchase Details

Closed on
May 18, 2005
Sold by
Fokir Angela
Bought by
Fernandez Wilfredo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
5.78%

Purchase Details

Closed on
Feb 14, 2003
Sold by
Cruz Luciano
Bought by
Fokir Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,914
Interest Rate
5.98%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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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
Rivera Michael Anthony $535,000 Guardian Title Services
Rivera Michael Anthony $535,000 Guardian Title Services
Gonzalez Julia $380,000 Chancellor Title Agency Inc
Gonzalez Julia $380,000 Stewart Title
Fernandez Wilfredo -- --
Fernandez Wilfredo $240,000 --
Fokir Angela $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rivera Michael Anthony $525,309
Closed Rivera Michael Anthony $525,309
Previous Owner Gonzalez Julia $373,117
Previous Owner Gonzalez Julia $373,117
Previous Owner Fernandez Wilfredo $398,895
Previous Owner Fernandez Wilfredo $216,000
Previous Owner Fokir Angela $132,914
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/18/2023 10/18/23 Sold $535,000 +16.3% $269 / Sq Ft
05/24/2023 05/24/23 Pending -- -- --
05/14/2023 05/14/23 For Sale $459,900 +21.0% $231 / Sq Ft
04/28/2021 04/28/21 Sold $380,000 0.0% $191 / Sq Ft View Prior Sale
02/16/2021 02/16/21 Pending -- -- --
01/19/2021 01/19/21 For Sale $380,000 -- $191 / 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 $10,032 $196,900 $36,300 $160,600
2024 $9,654 $196,900 $36,300 $160,600
2022 $9,140 $196,900 $36,300 $160,600
2021 $8,813 $196,900 $36,300 $160,600
2020 $8,221 $196,900 $36,300 $160,600
2019 $7,987 $193,200 $36,300 $156,900
2018 $8,241 $190,500 $36,100 $154,400
2017 $7,867 $189,100 $35,900 $153,200
2016 $8,656 $199,500 $37,600 $161,900
2015 $8,195 $199,500 $37,600 $161,900
2014 $9,906 $341,600 $153,200 $188,400
Source: Public Records

Agents Affiliated with this Home

  • Lewis Perez

    Seller's Agent in 2023

    Lewis Perez

    REALTY ONE GROUP LEGEND

    (201) 577-6724

    2 in this area

    62 Total Sales

    Lewis Perez
    Section Image
  • LUIS MONTES DE OCA

    Buyer's Agent in 2023

    LUIS MONTES DE OCA

    EXIT GOLDEN REALTY GROUP LLC

    (201) 753-2412

    3 in this area

    88 Total Sales

    LUIS MONTES DE OCA
    Section Image

  • F

    Seller's Agent in 2021

    FELIX F. RODRIGUEZ

    UNITED REAL ESTATE

See All Agents

Map

Source: Garden State MLS

MLS Number: 3843565

Garden State MLS

APN: 08-02814-0000-00006

New Jersey Passaic County Paterson 07524 Riverside

253 E 16th St Unit 255, Paterson, NJ

Not Listed for Sale

MultiFamily

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