NOT LISTED FOR SALE

398 Preakness Ave Unit 400 Paterson, NJ 07502

Totowa Section Neighborhood

Estimated Value: $361,000 - $460,000

2 Beds
1 Bath
990 Sq Ft
$418/Sq Ft Est. Value

Last Sold March 25, 2022

Last sale price $246,000 $248 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $2,667/month

10 Days on Market

Highlights

  • Ranch Style House
  • Thermal Windows
  • Eat-In Kitchen
  • Wood Flooring
  • 1 Car Attached Garage
  • Patio

About This Home

As of March 2022

This home is just waiting for you personal touch! As you enter the home the living room greets you with a sun filled open space. Eat in Kitchen, two bedrooms and bathroom completes this one floor living space. Continue outside to a large fenced in patio. The basement offers enough space to finish with you personal touch! Garage is built in with access to the basement. Hot water heater was replaced 2 years ago, furnace was replaced 7 years ago. There is no central air, however the duct work is already in place. All appliances are sold "as is" with no known issues.

Last Agent to Sell the Property

ANNE LISA

HEARTH REALTY GROUP LLC Listed on: 02/14/2022

Last Buyer's Agent

ANNE LISA

HEARTH REALTY GROUP LLC Listed on: 02/14/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,543

Year Built

  • Built in 1950

Lot Details

  • 2,614 Sq Ft Lot
  • Wood Fence
  • Level Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Vinyl Siding
  • Tile

Interior Spaces

  • 990 Sq Ft Home
  • Ceiling Fan
  • Thermal Windows
  • Living Room
  • Storage Room
  • Utility Room
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating System
  • Standard Electricity
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2508-01203-0000-00024-0000-
  • Tax Block *

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,543

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Style: Ranch
  • Primary Style: Ranch
  • Subproperty Type: Single Family
  • Year Built: 1950
  • Year Built Description: Approximate
  • County Name: Passaic
  • Street Number Display: 398
  • Directions: Chamberlin to Preakness Ave
  • I D: 5129443
  • Modified: 2023-03-26
  • Number Images: 12
  • First Name: ANNE
  • First Name3: ANNE
  • Last Name: LISA
  • Last Name3: LISA
  • Office Phone: 973-913-5055 ext 713
  • Office Phone3: 973-913-5055 ext 713
  • Attribution Contact: 973-913-5055
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Tile, Wood
  • Appliances: Carbon Monoxide Detector, Range/Oven-Gas, Refrigerator
  • Interior Amenities: Carbon Monoxide Detector, Smoke Detector, TubShowr
  • Number Rooms: 4
  • Bedrooms: 2
  • Bedroom 1 Level: First
  • Bedroom 2 Level: First
  • Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement: Yes
  • Basement Description: Full, Walkout
  • Basement Level Rooms: Storage Room, Utility Room
  • Kitchen Area: Eat-In Kitchen
  • Kitchen Level: First
  • Living Room Level: First
  • Level 1 Rooms: 2 Bedrooms, Bath Main, Kitchen, Living Room
  • Estimated Sq Ft: 990
  • Phone: 973-913-5055

Exterior Features

  • Exterior Description: Brick, Vinyl Siding
  • Exterior Features: Curbs, Patio, Sidewalk, Thermal Windows/Doors, Wood Fence
  • Roof Description: Asphalt Shingle

Garage/Parking

  • Garage Description: Built-In Garage
  • Number Garage Spaces: 1
  • Number Parking Spaces: 3
  • Parking Driveway Description: 1 Car Width

Utilities

  • Cooling: Ceiling Fan
  • Fuel Type: Gas-Natural
  • Heating: 1 Unit, Forced Hot Air
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas

Lot Info

  • Lot Size: 28X110
  • Assessed Improvement Value: 87600
  • Assessed Land Value: 58600
  • Assessment: 146200
  • Lot Description: Level Lot
  • Lot Identifier: 24
  • Lot I D Tax: *
  • Lot Size Tax: *
  • Total Acres: 0.06

Tax Info

  • Tax Acres: *
  • Assessed Improvement Value: *
  • Assessed Land Value: *
  • Total Tax Assessed: *
  • Streetname Tax: *
  • Street Number Tax: *
  • Tax Amount: 6543
  • Tax Amount Tax: *
  • Assessor Parcel Number: 2508-01203-0000-00024-0000-
  • Assessor Parcel Number: *
  • Tax Rate Amount: 4.476
  • Tax Rate Tax: *
  • Tax Rate Year: 2021
  • Tax Year Tax: *
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2022
Sold by
Sub Realty Llc
Bought by
Rahman Wahid and Begum Sinia
Current Estimated Value
$378,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Outstanding Balance
$273,118
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$110,841

Purchase Details

Listed on
Feb 14, 2022
Closed on
Mar 23, 2022
Sold by
Gabriel Suarez
Bought by
Sub Realty Llc
Seller's Agent
ANNE LISA
HEARTH REALTY GROUP LLC
Buyer's Agent
ANNE LISA
HEARTH REALTY GROUP LLC
List Price
$224,900
Sold Price
$246,000
Premium/Discount to List
$21,100
9.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.08%

Purchase Details

Closed on
Mar 25, 2010
Sold by
Turner Clarence and Iii Clarence Turne R
Bought by
Suarez Gabriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
5.12%
Mortgage Type
VA

Purchase Details

Closed on
Aug 13, 1998
Sold by
New Jersey Housing & Mtg Finance Agency
Bought by
Racamato Rocco and Racamato Mauro A
Source: Public Records

Range of Values:

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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
Rahman Wahid $300,000 Foundation Title
Sub Realty Llc $246,000 Dolinsky Jill
Suarez Gabriel $185,000 --
Racamato Rocco -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rahman Wahid $285,000
Previous Owner Suarez Gabriel $182,832
Previous Owner Suarez Gabriel $185,000
Previous Owner Turner Clarence $14,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2022 03/25/22 Sold $246,000 +9.4% $248 / Sq Ft
02/24/2022 02/24/22 Pending -- -- --
02/14/2022 02/14/22 For Sale $224,900 -- $227 / 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
2024 $7,168 $146,200 $58,600 $87,600
2022 $6,787 $146,200 $58,600 $87,600
2021 $6,544 $146,200 $58,600 $87,600
2020 $6,104 $146,200 $58,600 $87,600
2019 $5,817 $140,700 $55,100 $85,600
2018 $6,000 $138,700 $54,500 $84,200
2017 $5,708 $137,200 $54,100 $83,100
2016 $5,686 $136,800 $56,900 $79,900
2015 $5,370 $136,800 $56,900 $79,900
2014 $5,918 $212,700 $113,200 $99,500
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    ANNE LISA

    HEARTH REALTY GROUP LLC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3763704

Garden State MLS

APN: 08-01203-0000-00024

New Jersey Passaic County Paterson 07502 Totowa Section

398 Preakness Ave Unit 400, Paterson, NJ

This home is located at 398 Preakness Ave Unit 400, Paterson, NJ 07502 since 14 February 2022 and is currently estimated at $413,356, approximately $417 per square foot. This property was built in 1950. 398 Preakness Ave Unit 400 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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