$530,000
SOLD JAN 24, 2025

393 E 16th St Unit 2 Paterson, NJ 07514

Eastside Neighborhood
-- Bed
-- Bath
2,534 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$209 Per Sq Ft

32% Above List Price

24 Days on Market

About This Home

As of January 2025

This home is located at 393 E 16th St Unit 2, Paterson, NJ 07514 and is currently priced at $530,000, approximately $209 per square foot. 393 E 16th St Unit 2 is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Paterson School 6.

Last Agent to Sell the Property

Ron Kennerly

REALTY ONE GROUP LEGEND Brokerage Phone: 973-772-0660 Listed on: 10/07/2024

REALTY ONE GROUP LEGEND

Last Buyer's Agent

Fernando Encarnacion

COLDWELL BANKER REALTY ALP

COLDWELL BANKER REALTY ALP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,731

Lot Details

  • 5,227 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,731

Lot Details

0

Listing Details

  • County Name: Passaic
  • Street Number Display: 393
  • I D: 5316714
  • Modified: 2025-01-30
  • Number Images: 1
  • Attribution Contact: 973-772-0660
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 53X100
  • Total Acres: 0.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2024
Closed on
Jan 18, 2025
Sold by
Palmer Willie L and Palmer Janice
Bought by
Pellerano Josue Savari
Seller's Agent
Ron Kennerly
REALTY ONE GROUP LEGEND
Buyer's Agent
Fernando Encarnacion
COLDWELL BANKER REALTY ALP
List Price
$400,000
Sold Price
$530,000
Premium/Discount to List
$130,000
32.5%
Views
18
Current Estimated Value
$580,354

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,354
Avg. Annual Appreciation
14.99%
Original Mortgage
$503,500
Outstanding Balance
$500,396
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$79,958

Purchase Details

Closed on
Aug 20, 2002
Sold by
Drakeford Michael
Bought by
Palmer Willie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
6.19%

Purchase Details

Closed on
Sep 19, 2000
Sold by
Hall Curtis M and Hall Cathie Y
Bought by
Drakeford Michael E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,600
Interest Rate
7.89%
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 Type Sale Price Title Company
Deed $530,000 Old Republic National Title
Deed $530,000 Old Republic National Title
Deed $180,000 --
Deed $154,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $503,500 New Conventional
Closed $503,500 New Conventional
Previous Owner $229,132 FHA
Previous Owner $289,987 FHA
Previous Owner $46,900 Future Advance Clause Open End Mortgage
Previous Owner $37,500 Credit Line Revolving
Previous Owner $15,200 Adjustable Rate Mortgage/ARM
Previous Owner $144,000 No Value Available
Previous Owner $138,600 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2025 01/24/25 Sold $530,000 +32.5% $209 / Sq Ft
10/31/2024 10/31/24 Pending -- -- --
10/07/2024 10/07/24 For Sale $400,000 -- $158 / 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 $9,731 $191,000 $24,600 $166,400
2024 $9,365 $191,000 $24,600 $166,400
2022 $8,866 $191,000 $24,600 $166,400
2021 $8,549 $191,000 $24,600 $166,400
2020 $7,974 $191,000 $24,600 $166,400
2019 $7,726 $186,900 $24,300 $162,600
2018 $7,973 $184,300 $24,300 $160,000
2017 $7,575 $182,100 $24,200 $157,900
2016 $8,348 $192,400 $25,500 $166,900
2015 $7,904 $192,400 $25,500 $166,900
2014 $8,097 $279,200 $122,000 $157,200
Source: Public Records

Agents Affiliated with this Home

  • Ron Kennerly

    Seller's Agent in 2025

    Ron Kennerly

    REALTY ONE GROUP LEGEND

    (201) 738-4317

    6 in this area

    13 Total Sales

    Ron Kennerly
    Section Image
  • Fernando Encarnacion

    Buyer's Agent in 2025

    Fernando Encarnacion

    COLDWELL BANKER REALTY ALP

    (201) 767-0550

    1 in this area

    22 Total Sales

    Fernando Encarnacion
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3928430

Garden State MLS

APN: 08-03205-0000-00012

New Jersey Passaic County Paterson 07501 Eastside

393 E 16th St Unit 2, Paterson, NJ

This home is located at 393 E 16th St Unit 2, Paterson, NJ 07514 and is currently priced at $530,000, approximately $209 per square foot. 393 E 16th St Unit 2 is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Paterson School 6.

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