NOT LISTED FOR SALE

397 E 40th St Unit 399 Paterson, NJ 07504

Eastside Neighborhood

Estimated Value: $499,849 - $625,000

4 Beds
2.5 Baths
1,487 Sq Ft
$384/Sq Ft Est. Value

Last Sold April 06, 2020

Last sale price $390,000 $262 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $4,070/month

17 Days on Market

Highlights

  • Colonial Architecture
  • Detached Garage
  • Central Air
  • Property is near a park
  • Fireplace
  • Rectangular Lot

About This Home

As of April 2020

Tastefully renovated from head to toe, this gorgeous colonial includes 4 bedrooms and 2.5 bathrooms. Main level of the home features living room with stone accent fireplace, formal dining room, half bathroom, and amazing newly remodeled kitchen with center island and all brand new, high-end stainless steel appliances. Pristine hardwood floors and new tiling throughout! Second level of the home offers 4 spacious bedrooms, as well as a large full bathroom. Fully finished basement provides a full bathroom, laundry area with washer and dryer included, and plenty of additional space for storage or living. This home also has a large 2 car garage, and is very close to all major highways.

Last Agent to Sell the Property

Matthew Gevirtz

EXP Realty, LLC Listed on: 01/24/2020

EXP Realty, LLC

Last Buyer's Agent

Matthew Gevirtz

EXP Realty, LLC Listed on: 01/24/2020

EXP Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,764

Lot Details

  • 5,001 Sq Ft Lot
  • Rectangular Lot

Parking

  • Detached Garage

Home Design

  • Built in the 1960s
  • Colonial Architecture
  • Vinyl Construction Material

Interior Spaces

  • Fireplace
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 160808011 00020

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,764

Lot Details

0

Listing Details

  • Property Short: RES
  • Property Type: RES
  • Sub-Style: Colonial
  • Additional Sub Style: None
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp
  • Miscellaneous: None
  • Views/Exposure: None
  • Year Built: 1960's, Renovated, 2010's
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Number of Rooms: 6
  • Fireplace: 1 Fireplace
  • Bedrooms: 4
  • Total Bathrooms: 2.10
  • Primary Bathroom: N
  • Full Bathrooms: 2
  • Partial Bathroom: 1
  • Basement: Finished, Full
  • Basement: Bath(s) Other, Laundry Room, Rec Room
  • Items Included: Dishwasher, Dryer, Microwave Oven, Refrigerat

Exterior Features

  • Exterior: Vinyl
  • Waterfront: None

Garage/Parking

  • Garage: Detached, 2 Car

Utilities

  • Heating: Gas
  • Sewer: Municipal
  • Water Source: Municipal
  • Cooling: Central Air

Condo/Co-op/Association

  • Association: None

Lot Info

  • County Name: PASSAIC
  • Lot: 00020
  • Lot Description: Regular
  • Estimated Lot Sq Ft: 5001

Tax Info

  • Tax: 8764
  • Assessor Parcel Number: 160808011 00020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2020
Closed on
Apr 6, 2020
Sold by
American Realty Holdings Llc
Bought by
Violante Mariela Yanet Tapia and Violante Gabriela Cristal
Seller's Agent
Matthew Gevirtz
EXP Realty, LLC
Buyer's Agent
Matthew Gevirtz
EXP Realty, LLC
List Price
$389,900
Sold Price
$390,000
Premium/Discount to List
$100
0.03%
Total Days on Market
17
Current Estimated Value
$571,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,212
Avg. Annual Appreciation
7.66%
Original Mortgage
$356,250
Outstanding Balance
$320,092
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$251,120

Purchase Details

Closed on
Jun 17, 2019
Sold by
Lashley Edward and Lashley Shelley
Bought by
American Realty Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 26, 1977
Bought by
Lashley Edward and Lashley Shelley
Source: Public Records

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Range of Values:

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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
Violante Mariela Yanet Tapia $375,000 Riverview Title Agency Llc
American Realty Holdings Llc $240,000 Title Agency New Jersey Inc
Lashley Edward -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Violante Mariela Yanet Tapia $356,250
Previous Owner American Realty Holdings Llc $204,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2020 04/06/20 Sold $390,000 0.0% $262 / Sq Ft
02/10/2020 02/10/20 Pending -- -- --
01/24/2020 01/24/20 For Sale $389,900 -- $262 / Sq Ft
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 $10,360 $211,300 $90,800 $120,500
2022 $9,809 $211,300 $90,800 $120,500
2021 $9,458 $211,300 $90,800 $120,500
2020 $8,822 $211,300 $90,800 $120,500
2019 $8,495 $205,500 $87,800 $117,700
2018 $8,764 $202,600 $86,800 $115,800
2017 $8,370 $201,200 $86,300 $114,900
2016 $9,173 $211,400 $90,000 $121,400
2015 $8,684 $211,400 $90,000 $121,400
2014 $9,776 $337,100 $183,800 $153,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 20003216

New Jersey MLS

APN: 08-08011-0000-00020