NOT LISTED FOR SALE

255 E 16th St Unit 3 Paterson, NJ 07524

Riverside Neighborhood

Estimated Value: $597,000 - $709,000

Studio
3 Baths
5,400 Sq Ft
$122/Sq Ft Est. Value

Sale Details

Date Sold: June 2, 2023

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

Est. 32% increase in value since last sale

Current estimated payment $4,435 / mo

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 $658,663, approximately $121 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

Lot Details

  • 3,920 Sq Ft Lot

Property Details

Home Type

Multi-Family

Lot Details

3,920 Sq Ft Lot

Listing Details

  • County Name: Passaic
  • I D: 5178522
  • 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
97
Current Estimated Value
$658,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,663
Avg. Annual Appreciation
9.83%
Original Mortgage
$482,295
Outstanding Balance
$468,884
Interest Rate
6.39%
Mortgage Type
FHA
Estimated Equity
$189,779

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:

--
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 List to Sale Price per Sq Ft
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

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

    38 Total Sales

    Herbert Melo
    Section Image
See All Agents

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

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 © 2026 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
Your Personal Tour Guide

Ask me questions while you tour the home.