$460,000
SOLD MAY 1, 2024
4 Beds
4.5 Baths
-- Sq Ft
5,001 Sq Ft Lot

Recently Sold

2% Below List Price

34 Days on Market

About This Home

As of May 2024

This home is located at 38-40 N 8th St, Paterson, NJ 07522 and is currently priced at $460,000. 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

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

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

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%
Views
19
Current Estimated Value
$478,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,386
Avg. Annual Appreciation
-2.26%

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

Similar Homes in Paterson, NJ

  • 288 Totowa Ave, Paterson, NJ 07502

    $550,000

    • 4 Beds
    • 3 Baths
    • 1,584 Sq Ft
    • 288 Totowa Ave
    • Paterson, NJ

    Spacious and well-maintained 2-family home. The 1st floor features 2 bedrooms and 1 full bath, currently rented for $2,100/month. The 2nd floor offers 2 bedrooms and 1 full bath, rented for $1,300/month. Finished basement. Conveniently located between Rossiter Ave and Linwood Ave, close to schools, parks, shopping, and public transit. Perfect for investors or owner occupants!

    Samir Genid REALTY ONE GROUP LEGEND

    Section Image
  • 309-311 W Broadway, Paterson, NJ 07522

    $499,900

    • 6 Beds
    • 3 Baths
    • 309-311 W Broadway
    • Paterson, NJ

    Charming Side-by-Side 2-Family Duplex with Finished Basement & Outdoor Space! Don't miss this rare opportunity to own a spacious and versatile 2-family home in a desirable location! This side-by-side duplex offers two well-maintained units, each featuring comfortable living space, separate entrances, and a functional layout perfect for owner-occupants or investors alike. Left side unit layout has

    Domingo Rodriguez EXP Realty, LLC

    Section Image
  • 309 W Broadway Unit 311, Paterson, NJ 07522

    $499,900

    • 6 Beds
    • 3 Baths
    • 309 W Broadway
    • Unit 311
    • Paterson, NJ

    Charming Side-by-Side 2-Family Duplex with Finished Basement & Outdoor Space! Don't miss this rare opportunity to own a spacious and versatile 2-family home in a desirable location! This side-by-side duplex offers two well-maintained units, each featuring comfortable living space, separate entrances, and a functional layout perfect for owner-occupants or investors alike. Left side unit layout

    Domingo Rodriguez EXP REALTY, LLC

    Section Image
  • 54 N 4th St, Paterson, NJ 07522

    $499,999

    • 5 Beds
    • 2 Baths
    • 54 N 4th St
    • Paterson, NJ

    Two-family home in a prime location! A great investment opportunity or perfect for owner occupancy. Unit one has 2 bedrooms, living room, eat in kitchen & 1 full bath tenant occupied. 2nd floor has 3 bedroom duplex , eat in kitchen, living room , 1 full bath with front and back entrance. This property features separate utilities for tenant convenience and lower owner expenses. Commuters will

    TAKISHA GRESHAM REALTY ONE GROUP LEGEND

    Section Image
  • 515 Union Ave, Paterson, NJ 07522

    $519,900

    • 4 Beds
    • 3 Baths
    • 515 Union Ave
    • Paterson, NJ

    Now is your time to invest and this 3 unit mixed use property Is It!! First floor is a store front with 2 residential units upstairs each unit has 2 bedrooms and 1 bath. Property has a big yard and it's walking distance to public transportation. Great location, close to other businesses and conveniently close to highways.

    Domingo Rodriguez EXP REALTY, LLC

    Section Image
  • 123 Coral St, Paterson, NJ 07522

    $499,000

    • 6 Beds
    • 4 Baths
    • 123 Coral St
    • Paterson, NJ

    Welcome to this incredible 2-family residence offering a total of 6 bedrooms and 4 full baths a great opportunity for flexible living or potential rental income. Enjoy the convenience of a finished attic and a fully finished basement, providing plenty of extra living and storage space. Located just steps away from public transportation, shopping centers, schools, and houses of worship, this

    NAEEM BOUCHER EXP REALTY, LLC

    Section Image
  • 202 Kearney St, Paterson, NJ 07522

    $550,000

    • 5 Beds
    • 3 Baths
    • 202 Kearney St
    • Paterson, NJ

    WOW!! GREAT MULTI FAMILY INVESTMENT. THIS LEGAL 2 FAMILY HAS 3 FLOORS OF LIVING SPACE INCLUDING AN ADDITIONAL FULL BASEMENT. THE FIRST TWO FLOORS HAVE A LIVING ROOM, DINING ROOM, KITCHEN , AND 2 BEDROOMS. THIRD FLOOR HAS LIVING ROOM, KITCHEN , AND ONE BEDROOM. THERE IS ALSO NATURAL GAS HEATING, STEAM RADIATORS, WINDOW A/C'S AND MUCH MORE. A MUST SEE!

    NICHOLAS P JUBA JUBA TEAM REALTY

    Section Image
  • 90 N 3rd St Unit 92, Paterson, NJ 07522

    $465,000

    • 5 Beds
    • 2 Baths
    • 90 N 3rd St
    • Unit 92
    • Paterson, NJ

    Live like it's a Single Family - Earn like it's a Multi! Welcome to the best of both worlds. Come see this beautifully maintained 2-unit home where Unit 1 lives like a spacious single-family offering 4 bedrooms, 1bath, a large eat-in kitchen, and generous living space that flows seamlessly for everyday living or entertaining. Meanwhile, Unit 2 is a separate 1-bedroom apartment perfect for rental

    Domingo Rodriguez EXP REALTY, LLC

    Section Image

Range of Values:

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

Date Type Sale Price Title Company
Deed $460,000 Fidelity National Title
Deed $375,000 Main Street Title
Deed $135,000 --
Deed $67,500 --
Deed $50,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $318,750 Balloon
Previous Owner $157,500 Adjustable Rate Mortgage/ARM
Previous Owner $107,325 No Value Available
Previous Owner $66,000 FHA
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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: New Jersey MLS

MLS Number: 24004026

New Jersey MLS

APN: 08-00707-0000-00011