NOT LISTED FOR SALE

400 Preakness Ave Unit 406 Paterson, NJ 07502

Totowa Section Neighborhood

Estimated Value: $379,000 - $649,000

-- Bed
-- Bath
2,446 Sq Ft
$214/Sq Ft Est. Value

Last Sold June 23, 2025

Last sale price $785,000 $321 Per Sq Ft

Est. 33% decrease in value since last sale

Current estimated payment $3,532/month

49 Days on Market

About This Home

As of June 2025

This home is located at 400 Preakness Ave Unit 406, Paterson, NJ 07502 since 23 July 2024 and is currently estimated at $524,653, approximately $214 per square foot. 400 Preakness Ave Unit 406 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.

Last Agent to Sell the Property

Ileana Chacon

RE/MAX PROPERTIES SELECT Brokerage Phone: 201-796-9400 Listed on: 07/23/2024

RE/MAX PROPERTIES SELECT

Last Buyer's Agent

CARMIN DUARTE

FOOTPRINTS REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,354

Lot Details

  • 9,583 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,354

Lot Details

0

Listing Details

  • County Name: Passaic
  • I D: 5133663
  • Attribution Contact: 201-796-9400
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Total Acres: 0.22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2021
Closed on
Nov 4, 2021
Sold by
Pelham Properties Management Llc
Bought by
400 Preakness Llc
Seller's Agent
Goran Koroskoski
CRS AGENCY ELITE LLC
Buyer's Agent
Goran Koroskoski
CRS AGENCY ELITE LLC
List Price
$399,900
Sold Price
$300,000
Premium/Discount to List
-$99,900
-24.98%
Current Estimated Value
$524,653

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,653
Avg. Annual Appreciation
14.61%
Original Mortgage
$375,000
Outstanding Balance
$343,094
Interest Rate
2.88%
Mortgage Type
Construction
Estimated Equity
$181,559

Purchase Details

Closed on
Oct 22, 2020
Sold by
Atlf Properties Llc
Bought by
Pelham Properties Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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 Buyer Sale Price Title Company
400 Preakness Llc $300,000 Riverside Abstract Llc
400 Preakness Llc $300,000 None Listed On Document
Pelham Properties Management Llc $109,000 Old Republic Title
Pelham Properties Llc $109,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 400 Preakness Llc $375,000
Closed 400 Preakness Llc $375,000
Previous Owner Pelham Properties Llc $139,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/23/2025 06/23/25 Sold $785,000 -0.5% $321 / Sq Ft
09/10/2024 09/10/24 Pending -- -- --
07/23/2024 07/23/24 For Sale $789,000 +163.0% $323 / Sq Ft
11/05/2021 11/05/21 Sold $300,000 -14.3% $123 / Sq Ft View Prior Sale
09/30/2021 09/30/21 Pending -- -- --
07/28/2021 07/28/21 Price Changed $349,900 -12.5% $143 / Sq Ft
06/23/2021 06/23/21 For Sale $399,900 -- $163 / 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 $9,354 $183,600 $88,200 $95,400
2024 $9,002 $183,600 $88,200 $95,400
2022 $6,960 $183,600 $88,200 $95,400
2021 $8,218 $183,600 $88,200 $95,400
2020 $7,665 $183,600 $88,200 $95,400
2019 $7,354 $177,900 $84,800 $93,100
2018 $7,609 $175,900 $84,200 $91,700
2017 $7,263 $174,600 $83,700 $90,900
2016 $7,459 $171,900 $88,100 $83,800
2015 $7,062 $171,900 $88,100 $83,800
2014 $8,610 $296,900 $189,000 $107,900
Source: Public Records

Agents Affiliated with this Home

  • Ileana Chacon

    Seller's Agent in 2025

    Ileana Chacon

    RE/MAX

    (973) 583-9822

    5 in this area

    22 Total Sales

    Ileana Chacon
    Section Image

  • C

    Buyer's Agent in 2025

    CARMIN DUARTE

    FOOTPRINTS REALTY

  • Goran Koroskoski

    Seller's Agent in 2021

    Goran Koroskoski

    CRS AGENCY ELITE LLC

    (973) 460-9800

    1 in this area

    16 Total Sales

    Goran Koroskoski
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3914996

Garden State MLS

APN: 08-01203-0000-00025

New Jersey Passaic County Paterson 07502 Totowa Section

400 Preakness Ave Unit 406, Paterson, NJ

Not Listed for Sale

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