NOT LISTED FOR SALE

271 Wayne Ave Unit 273 Paterson, NJ 07502

Totowa Section Neighborhood

Estimated Value: $681,000 - $837,000

-- Bed
-- Bath
936 Sq Ft
$815/Sq Ft Est. Value

Last Sold February 16, 2024

Last sale price $730,000 $780 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,296/month

10 Days on Market

About This Home

As of February 2024

This home is located at 271 Wayne Ave Unit 273, Paterson, NJ 07502 since 04 December 2023 and is currently estimated at $762,425, approximately $814 per square foot. This property was built in 2005. 271 Wayne Ave Unit 273 is a home located in Passaic County with nearby schools including Dale Avenue Elementary School, Edward W. Kilpatrick School of Discovery, and Paterson Public School No. 5.

Last Agent to Sell the Property

Jonathan Verano

COMPASS NEW JERSEY, LLC Brokerage Phone: 973-328-7800 Listed on: 12/04/2023

COMPASS NEW JERSEY, LLC

Last Buyer's Agent

MOHAMMAD HASAN

REALTY ONE GROUP LEGEND

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,709

Year Built

  • Built in 2005

Lot Details

  • 37 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,709

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Year Built: 2005
  • County Name: Passaic
  • Street Number Display: 271
  • I D: 5258580
  • Modified: 2025-02-17
  • Number Images: 1
  • Attribution Contact: 973-328-7800
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 37 X 92
  • Total Acres: 0.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2023
Closed on
Jan 31, 2024
Sold by
Fernandez Jose B
Bought by
Bashir Mohammad and Bashir Zahanara
Seller's Agent
Jonathan Verano
COMPASS NEW JERSEY, LLC
Buyer's Agent
MOHAMMAD HASAN
REALTY ONE GROUP LEGEND
List Price
$675,000
Sold Price
$730,000
Premium/Discount to List
$55,000
8.15%
Views
39
Current Estimated Value
$762,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,425
Avg. Annual Appreciation
2.16%
Original Mortgage
$654,761
Outstanding Balance
$645,812
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$107,930

Purchase Details

Closed on
Dec 9, 2011
Sold by
Alvarez Augusto and Fernandez Jose B
Bought by
Fernandez Jose B

Purchase Details

Closed on
Sep 9, 2011
Sold by
Rodriguez Yajhira and Araujo Andres A
Bought by
Alvarez Augusto and Fernandez Jose B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,268
Interest Rate
4.37%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 6, 2009
Sold by
Fernandez Ivelka
Bought by
Rodriguez Yajhira and Araujo Andres A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,656
Interest Rate
5.06%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 22, 2005
Sold by
Wayne Avenue Llc
Bought by
Fernandez Ivelka

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,500
Interest Rate
5.93%

Purchase Details

Closed on
Jun 3, 2005
Sold by
Structure Tone Development Llc
Bought by
Wayne Avenue Llc

Purchase Details

Closed on
Jul 14, 2004
Sold by
Dela Rosa Aracelia Minaya
Bought by
Structure Tone Development

Purchase Details

Closed on
Oct 9, 2003
Sold by
Gilbert Maria M
Bought by
Delarosa Aracelia M and Minaya Aracelia

Purchase Details

Closed on
Oct 17, 2002
Sold by
Semo Antoinette
Bought by
Gilbert Brian
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
Bashir Mohammad $730,000 Golden Key Title Llc
Fernandez Jose B -- --
Alvarez Augusto $305,000 --
Rodriguez Yajhira $295,000 --
Fernandez Ivelka $435,000 --
Wayne Avenue Llc -- --
Structure Tone Development $75,000 --
Delarosa Aracelia M -- --
Gilbert Brian $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bashir Mohammad $654,761
Previous Owner Fernandez Jose B $360,000
Previous Owner Carfagno George $245,000
Previous Owner Fernandez Jose B $25,000
Previous Owner Alvarez Augusto $297,268
Previous Owner Rodriguez Yajhira $289,656
Previous Owner Fernandez Ivelka $22,000
Previous Owner Fernandez Ivelka $391,500
Previous Owner Structure Tone Development L L C $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2024 02/16/24 Sold $730,000 +8.1% $780 / Sq Ft
12/20/2023 12/20/23 Pending -- -- --
12/09/2023 12/09/23 For Sale $675,000 0.0% $721 / Sq Ft
12/04/2023 12/04/23 Price Changed $675,000 -- $721 / 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 $13,709 $279,600 $48,900 $230,700
2022 $12,979 $279,600 $48,900 $230,700
2021 $12,515 $279,600 $48,900 $230,700
2020 $11,673 $279,600 $48,900 $230,700
2019 $11,199 $270,900 $45,600 $225,300
2018 $11,546 $266,900 $45,200 $221,700
2017 $11,020 $264,900 $44,900 $220,000
2016 $12,141 $279,800 $47,300 $232,500
2015 $11,494 $279,800 $47,300 $232,500
2014 $10,150 $350,000 $118,800 $231,200
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Verano

    Seller's Agent in 2024

    Jonathan Verano

    COMPASS NEW JERSEY, LLC

    (973) 233-4544

    1 in this area

    15 Total Sales

    Section Image

  • M

    Buyer's Agent in 2024

    MOHAMMAD HASAN

    REALTY ONE GROUP LEGEND

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Map

Source: Garden State MLS

MLS Number: 3876905

Garden State MLS

APN: 08-01014-0000-00010

New Jersey Passaic County Paterson 07502 Totowa Section

271 Wayne Ave Unit 273, Paterson, NJ

This home is located at 271 Wayne Ave Unit 273, Paterson, NJ 07502 since 04 December 2023 and is currently estimated at $762,425, approximately $814 per square foot. This property was built in 2005. 271 Wayne Ave Unit 273 is a home located in Passaic County with nearby schools including Dale Avenue Elementary School, Edward W. Kilpatrick School of Discovery, and Paterson Public School No. 5.

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