NOT LISTED FOR SALE

Estimated Value: $441,000 - $496,000

4 Beds
4.5 Baths
-- Sq Ft
5,001 Sq Ft Lot

Last Sold May 01, 2024

Last sale price $460,000

Est. 2% increase in value since last sale

Current estimated payment $3,253/month

34 Days on Market

About This Home

As of May 2024

This home is located at 38-40 N 8th St, Paterson, NJ 07522 since 08 February 2024 and is currently estimated at $468,140. This property was built in 1888. 38-40 N 8th St 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

Faisal Ahmed

Realty One Group Sunrise Listed on: 02/08/2024

Realty One Group Sunrise

Last Buyer's Agent

Faisal Ahmed

Realty One Group Sunrise Listed on: 02/08/2024

Realty One Group Sunrise

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,200

Year Built

  • 1888

Lot Details

  • 5,001 Sq Ft Lot

Home Design

Bedrooms and Bathrooms

  • 4 Bedrooms

Community Details

  • No Laundry Facilities

Listing and Financial Details

  • Legal Lot and Block 00011 / 00707

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,200

Year Built

1888

Lot Details

0

Listing Details

  • Property Type: 2-4 Family
  • Su Prop: 2-4 Family
  • ResoLaundryFeatures: None
  • Co List Office Phone: (201) 265-7000
  • MLS Status: Sold - Sold
  • Directions: W. Broadway to N 8th st
  • Architectural Style: 2 Family
  • Year Built Details: 1900-1939,Build Prior to 1978
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built (Public Record): 1888

Interior Features

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Disclosures: Seller's Agent, Seller Disclosure - No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sep Heat

Lot Info

  • Lot Size Sq Ft: 5001.0

Tax Info

  • Tax Annual Amount: 7200.0
  • Tax Block: 00707
  • Tax Lot: 00011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2024
Closed on
Apr 30, 2024
Sold by
Ahmed Imran
Bought by
Noyon Tarek H and Hussain Mutahir
Seller's Agent
Faisal Ahmed
Realty One Group Sunrise
Buyer's Agent
Faisal Ahmed
Realty One Group Sunrise
List Price
$469,900
Sold Price
$460,000
Premium/Discount to List
-$9,900
-2.11%
Total Days on Market
34
Views
19
Current Estimated Value
$468,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,140
Avg. Annual Appreciation
1.61%

Purchase Details

Listed on
Mar 8, 2022
Closed on
Apr 18, 2022
Sold by
Fernandez Manuel A
Bought by
Ahmed Imran
Seller's Agent
Davis Marte
Keller Williams City Views Realty
Buyer's Agent
Hidee Robbins
Realty One Group Hudson
List Price
$349,000
Sold Price
$375,000
Premium/Discount to List
$26,000
7.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.81%
Original Mortgage
$318,750
Interest Rate
5.11%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 5, 2003
Sold by
Hud
Bought by
Fernandez Manuelo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,325
Interest Rate
5.45%

Purchase Details

Closed on
Aug 15, 1997
Sold by
Montalvo Edwin and Montalvo Carmen
Bought by
Rivera Valerie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,000
Interest Rate
7.42%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 13, 1996
Sold by
Pricken Frank
Bought by
Montalvo Edwin and Montalvo Carmen
Source: Public Records

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Range of Values:

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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
Noyon Tarek H $460,000 Fidelity National Title
Ahmed Imran $375,000 Main Street Title
Fernandez Manuelo $135,000 --
Rivera Valerie $67,500 --
Montalvo Edwin $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ahmed Imran $318,750
Previous Owner Fernandez Manuel A $157,500
Previous Owner Fernandez Manuelo $107,325
Previous Owner Rivera Valerie $66,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2024 05/01/24 Sold $460,000 -2.1% --
03/13/2024 03/13/24 Pending -- -- --
02/08/2024 02/08/24 For Sale $469,900 +25.3% --
05/04/2022 05/04/22 Sold $375,000 +7.4% --
03/30/2022 03/30/22 Pending -- -- --
03/08/2022 03/08/22 For Sale $349,000 -- --
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 $7,624 $155,500 $50,600 $104,900
2022 $7,218 $155,500 $50,600 $104,900
2021 $6,960 $155,500 $50,600 $104,900
2020 $6,492 $155,500 $50,600 $104,900
2019 $6,209 $150,200 $47,700 $102,500
2018 $6,407 $148,100 $47,300 $100,800
2017 $6,115 $147,000 $47,000 $100,000
2016 $6,734 $155,200 $49,500 $105,700
2015 $6,376 $155,200 $49,500 $105,700
2014 $8,004 $276,000 $168,800 $107,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 24004026

New Jersey MLS

APN: 08-00707-0000-00011