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. This property was built in 1940. 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.
Home Type
Est. Annual Taxes
Year Built
Lot Details
$500,000
Calling all investors! This is an excellent opportunity to own a mixed used property and receive extra income. Situated in Paterson, this is a commercial building currently occupied by two businesses on the first floor (beauty salon as a front store and a restaurant as a side store). On the upper level there are two apartments with their own private entrance. Both apartments showcase the same
Linda Iriarte UNICASA UNION REALTY INC
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $530,000 | Old Republic National Title | |
| Deed | $180,000 | -- | |
| Deed | $154,000 | -- |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $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 |
| 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 |
| 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 | $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: Garden State MLS
MLS Number: 3928430
APN: 08-03205-0000-00012
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