NOT LISTED FOR SALE

255 E 16th St Unit 3 Paterson, NJ 07524

Riverside Neighborhood

Estimated Value: $630,000 - $709,000

-- Bed
3 Baths
5,400 Sq Ft
$121/Sq Ft Est. Value

Last Sold June 02, 2023

Last sale price $500,000 $93 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,446/month

164 Days on Market

About This Home

As of June 2023

This home is located at 255 E 16th St Unit 3, Paterson, NJ 07524 since 13 September 2022 and is currently estimated at $651,844, approximately $120 per square foot. 255 E 16th St Unit 3 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

Joe Mastropole

WAYNE HILLS REALTY Brokerage Phone: 973-790-9200 Listed on: 09/13/2022

Last Buyer's Agent

Herbert Melo

REALTY ONE GROUP LEGEND

REALTY ONE GROUP LEGEND

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,065

Lot Details

  • 3,920 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,065

Lot Details

0

Listing Details

  • County Name: Passaic
  • Street Number Display: 255
  • I D: 5178522
  • Modified: 2024-06-03
  • Number Images: 1
  • Attribution Contact: 973-790-9200
  • 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
Sep 13, 2022
Closed on
May 23, 2023
Sold by
Jtm Investment Group Llc
Bought by
Pimentel Jose
Seller's Agent
Joe Mastropole
WAYNE HILLS REALTY
Buyer's Agent
Herbert Melo
REALTY ONE GROUP LEGEND
List Price
$259,000
Sold Price
$500,000
Premium/Discount to List
$241,000
93.05%
Views
98
Current Estimated Value
$651,844

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,844
Avg. Annual Appreciation
12.39%
Original Mortgage
$482,295
Outstanding Balance
$469,398
Interest Rate
6.39%
Mortgage Type
FHA
Estimated Equity
$182,446

Purchase Details

Closed on
Feb 11, 2019
Sold by
Comerford Richard
Bought by
Jtm Investment Group Llc

Purchase Details

Closed on
Dec 3, 2010
Sold by
Alvarez Elias
Bought by
Comerford Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,750
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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
Pimentel Jose $500,000 Sunnyside Title
Pimentel Jose $500,000 Sunnyside Title
Jtm Investment Group Llc $165,000 Chicago Title Ins Co
Comerford Richard $249,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pimentel Jose $482,295
Closed Pimentel Jose $482,295
Previous Owner Comerford Richard $186,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/02/2023 06/02/23 Sold $500,000 -4.7% $93 / Sq Ft
02/24/2023 02/24/23 Pending -- -- --
11/24/2022 11/24/22 Price Changed $524,900 +5.2% $97 / Sq Ft
10/06/2022 10/06/22 Price Changed $499,000 +92.7% $92 / Sq Ft
09/13/2022 09/13/22 For Sale $259,000 -- $48 / 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 $11,065 $217,170 $36,300 $180,870
2024 $10,648 $217,170 $36,300 $180,870
2023 $10,081 $217,170 $36,300 $180,870
2022 $10,081 $217,170 $36,300 $180,870
2021 $10,232 $228,600 $36,300 $192,300
2020 $9,544 $228,600 $36,300 $192,300
2019 $9,264 $224,100 $36,300 $187,800
2018 $8,920 $206,200 $36,100 $170,100
2017 $8,516 $204,700 $35,900 $168,800
2016 $9,372 $216,000 $37,600 $178,400
2015 $8,873 $216,000 $37,600 $178,400
2014 $8,178 $282,000 $153,200 $128,800
Source: Public Records

Agents Affiliated with this Home

  • Joe Mastropole

    Seller's Agent in 2023

    Joe Mastropole

    WAYNE HILLS REALTY

    (973) 907-0227

    1 in this area

    14 Total Sales

    Joe Mastropole
    Section Image

  • H

    Buyer's Agent in 2023

    Herbert Melo

    REALTY ONE GROUP LEGEND

    (973) 390-1002

    3 in this area

    43 Total Sales

    Herbert Melo
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3807021

Garden State MLS

APN: 08-02814-0000-00005

New Jersey Passaic County Paterson 07524 Riverside

255 E 16th St Unit 3, Paterson, NJ

This home is located at 255 E 16th St Unit 3, Paterson, NJ 07524 since 13 September 2022 and is currently estimated at $651,844, approximately $120 per square foot. 255 E 16th St Unit 3 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.

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