NOT LISTED FOR SALE

393 E 16th St Unit 2 Paterson, NJ 07514

Eastside Neighborhood

Estimated Value: $558,795 - $673,000

Studio
2 Baths
2,534 Sq Ft
$239/Sq Ft Est. Value

Last Sold January 24, 2025

Last sale price $530,000 $209 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $3,918/month

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 since 07 October 2024 and is currently estimated at $604,949, approximately $238 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

Lot Details

  • 5,227 Sq Ft Lot

Property Details

Home Type

Multi-Family

Lot Details

5,227 Sq Ft Lot

Listing Details

  • County Name: Passaic
  • I D: 5316714
  • 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
$604,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,949
Avg. Annual Appreciation
12.78%
Original Mortgage
$503,500
Outstanding Balance
$499,942
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$105,007

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Quantarium

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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
Pellerano Josue Savari $530,000 Old Republic National Title
Pellerano Josue Savari $530,000 Old Republic National Title
Palmer Willie $180,000 --
Drakeford Michael E $154,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pellerano Josue Savari $503,500
Closed Pellerano Josue Savari $503,500
Previous Owner Palmer Willie $144,000
Previous Owner Drakeford Michael E $138,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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

    14 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

    24 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

Not Listed for Sale

MultiFamily

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