NOT LISTED FOR SALE

31 Pascack Rd Park Ridge, NJ 07656

Estimated Value: $766,734 - $882,000

6 Beds
3.5 Baths
2,206 Sq Ft
$373/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $690,000 $313 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,548/month

4 Days on Market

About This Home

As of March 2022

Truly a rare find! Not too many multi-family homes in this great town of Park Ridge, but here is one... and one that makes a profit right from the start! The 1st floor of the home has 2 beds, 1.5 baths, EIK, Liv Rm - (brings in $1685), the 2nd and 3rd floors combine for 4 beds & 2 baths, EIK - (brings in $2275). The carriage house/ barn / garage has 3 separate storage units in it, (for an additional $900 in income) All totaled $4860 in rent!! The basement is unfinished, with separate laundry facilities for each floor, separate hot water heaters, electric & gas meters, and one boiler. Tenants pay all utilities! The home is fully rented (has been for 15 years), with great tenants who pay on time & would be open to staying. The driveway & parking lot areas, before the garages, can field about 12-15 cars. Taxes are just over 10.3k. Close to the center of town, schools & shopping. This is a great chance for an investor looking to make some positive cash flow immediately!

Last Listed By

Thomas Mikalouskas

Keller Williams Valley Realty Listed on: 01/28/2022

Keller Williams Valley Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,300

Year Built

  • 1900

Lot Details

  • 10,335 Sq Ft Lot
  • Lot Dimensions are 53 x 195

Parking

  • 2 Car Garage

Home Design

Bedrooms and Bathrooms

  • 6 Bedrooms

Basement

  • Laundry in Basement

Listing and Financial Details

  • Legal Lot and Block 00003 / 01701

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,300

Year Built

1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: In Basement
  • Co List Office Phone: 201-391-2500
  • MLS Status: Sold - Sold
  • Directions: Pascack Road, close to Fremont Avenue
  • Architectural Style: 2 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Basement Remarks: Full, Unfinished, 2 sets of laundry, Utilities

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - Yes

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Water Connected

Lot Info

  • Lot Dimensions: 53 x 195
  • Lot Size Sq Ft: 10335.0

Tax Info

  • Tax Annual Amount: 10300.0
  • Tax Block: 01701
  • Tax Lot: 00003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2022
Closed on
Mar 30, 2022
Sold by
Dc Pc Enterprises Llc
Bought by
Xanlan Properties Llc
Seller's Agent
Thomas Mikalouskas
Keller Williams Valley Realty
Buyer's Agent
Rebecca LaPira
RE/MAX Signature Homes
List Price
$699,000
Sold Price
$690,000
Premium/Discount to List
-$9,000
-1.29%
Total Days on Market
4
Current Estimated Value
$823,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,684
Avg. Annual Appreciation
5.76%

Purchase Details

Closed on
Jul 31, 2006
Sold by
Dcpc Enterprises A Nj Llc
Bought by
Dcpc Enterprises A Nj Llc

Purchase Details

Closed on
Mar 3, 2006
Sold by
Dinic Dragon
Bought by
Dcpc Enterprises

Purchase Details

Closed on
Nov 3, 2001
Sold by
Pappas William
Bought by
Dinic Dragon and Dinic Kosa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
6.67%

Purchase Details

Closed on
Jan 29, 1999
Sold by
Pappas Stephen F and Pappas Maritza
Bought by
Pappas William and Pappas Lillian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
6.74%

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
Xanlan Properties Llc $690,000 American Land Title
Dcpc Enterprises A Nj Llc -- --
-- $608,000 --
Dcpc Enterprises $608,000 --
Dinic Dragon $276,000 --
Pappas William -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dinic Dragon $207,000
Previous Owner Pappas William $136,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $690,000 -1.3% $313 / Sq Ft
02/01/2022 02/01/22 Pending -- -- --
01/28/2022 01/28/22 For Sale $699,000 -- $317 / Sq Ft
Source: New Jersey 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 $11,253 $353,300 $210,000 $143,300
2023 $10,913 $353,300 $210,000 $143,300
2022 $10,913 $353,300 $210,000 $143,300
2021 $10,670 $353,300 $210,000 $143,300
2020 $10,338 $353,300 $210,000 $143,300
2019 $10,048 $353,300 $210,000 $143,300
2018 $9,776 $353,300 $210,000 $143,300
2017 $9,546 $353,300 $210,000 $143,300
2016 $9,214 $353,300 $210,000 $143,300
2015 $8,843 $353,300 $210,000 $143,300
2014 $8,589 $353,300 $210,000 $143,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 22002866

New Jersey MLS

APN: 47-01701-0000-00003