NOT LISTED FOR SALE

38 Manchester Ave Paterson, NJ 07502

Totowa Section Neighborhood

Estimated Value: $426,000 - $634,000

-- Bed
-- Bath
1,564 Sq Ft
$361/Sq Ft Est. Value

Last Sold January 13, 2023

Last sale price $500,000 $320 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,875/month

26 Days on Market

About This Home

As of January 2023

This home is located at 38 Manchester Ave, Paterson, NJ 07502 since 10 September 2022 and is currently estimated at $564,074, approximately $360 per square foot. This property was built in 1940. 38 Manchester Ave is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Paterson Public School No. 5.

Last Agent to Sell the Property

Guido Barrantes

PROMISE LAND REALTY Brokerage Phone: 973-253-7330 Listed on: 09/10/2022

Last Buyer's Agent

DAHIANA E PAYANO

REAL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,701

Year Built

  • Built in 1940

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,701

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Year Built: 1940
  • County Name: Passaic
  • Street Number Display: 38
  • I D: 5178096
  • Modified: 2024-01-14
  • Number Images: 1
  • Attribution Contact: 973-253-7330
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2022
Closed on
Jan 13, 2023
Sold by
Fermin and Reyna
Bought by
Ameen Ruhul and Uddin Sharmin
Seller's Agent
Guido Barrantes
PROMISE LAND REALTY
Buyer's Agent
DAHIANA E PAYANO
REAL
List Price
$480,000
Sold Price
$500,000
Premium/Discount to List
$20,000
4.17%
Views
7
Current Estimated Value
$564,074

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,074
Avg. Annual Appreciation
4.71%
Original Mortgage
$483,312
Outstanding Balance
$468,580
Interest Rate
6.49%
Mortgage Type
FHA
Estimated Equity
$95,494

Purchase Details

Closed on
Feb 23, 2012
Sold by
Ferman Epifanio
Bought by
Fermin Epifanio and Fermin Reyna

Purchase Details

Closed on
Feb 4, 2011
Sold by
Rawles Anthony
Bought by
Fermin Epifano

Purchase Details

Closed on
Dec 30, 2008
Sold by
Us Bank Na
Bought by
Rawles Anthony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,461
Interest Rate
5.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2008
Sold by
Jerry Speziale Passaic Cnty Sheriff and Martinez Said
Bought by
Us Bank Na Trustee

Purchase Details

Closed on
Jul 26, 2006
Sold by
Tobal Jose L
Bought by
Martinez Said

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
9.35%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 17, 2004
Sold by
Melendez Miguel
Bought by
Tobal Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,225
Interest Rate
6.3%

Purchase Details

Closed on
May 30, 2003
Sold by
Bailey Robert
Bought by
Melendez Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
5.34%

Purchase Details

Closed on
Mar 19, 1998
Sold by
Bailey Robert A and Bailey Roberta T
Bought by
Bailey Robert A and Bailey Roberta T
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Ameen Ruhul $500,000 Passaic Valley Title Service
Fermin Epifanio -- --
Fermin Epifano $71,000 --
Rawles Anthony $315,000 --
Us Bank Na Trustee $429,662 --
Martinez Said $400,000 --
Tobal Jose $202,500 --
Melendez Miguel $170,000 --
Bailey Robert A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ameen Ruhul $483,312
Previous Owner Rawles Anthony $288,461
Previous Owner Martinez Said $400,000
Previous Owner Tobal Jose $180,225
Previous Owner Melendez Miguel $153,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2023 01/13/23 Sold $500,000 0.0% $320 / Sq Ft
12/11/2022 12/11/22 Price Changed $500,000 +4.2% $320 / Sq Ft
10/06/2022 10/06/22 Pending -- -- --
09/10/2022 09/10/22 For Sale $480,000 -- $307 / 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
2025 $9,701 $190,400 $44,400 $146,000
2024 $9,335 $190,400 $44,400 $146,000
2022 $8,838 $190,400 $44,400 $146,000
2021 $8,522 $190,400 $44,400 $146,000
2020 $7,949 $190,400 $44,400 $146,000
2019 $7,594 $183,700 $41,100 $142,600
2018 $7,834 $181,100 $40,700 $140,400
2017 $7,471 $179,600 $40,400 $139,200
2016 $7,745 $178,500 $42,500 $136,000
2015 $7,333 $178,500 $42,500 $136,000
2014 $10,008 $345,100 $169,300 $175,800
Source: Public Records

Agents Affiliated with this Home

  • Guido Barrantes

    Seller's Agent in 2023

    Guido Barrantes

    PROMISE LAND REALTY

    (973) 767-4157

    1 in this area

    17 Total Sales

    Guido Barrantes
    Section Image

  • D

    Buyer's Agent in 2023

    DAHIANA E PAYANO

    REAL

See All Agents

Map

Source: Garden State MLS

MLS Number: 3806725

Garden State MLS

APN: 08-00923-0000-00045

New Jersey Passaic County Paterson 07502 Totowa Section

38 Manchester Ave, Paterson, NJ

This home is located at 38 Manchester Ave, Paterson, NJ 07502 since 10 September 2022 and is currently estimated at $564,074, approximately $360 per square foot. This property was built in 1940. 38 Manchester Ave is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Paterson Public School No. 5.

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