NOT LISTED FOR SALE

42 Teak Rd Wayne, NJ 07470

Estimated Value: $938,844 - $1,058,000

5 Beds
4 Baths
2,746 Sq Ft
$360/Sq Ft Est. Value

Last Sold January 30, 2023

Last sale price $740,000 $269 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $6,623/month

55 Days on Market

About This Home

As of January 2023

This home is located at 42 Teak Rd, Wayne, NJ 07470 since 18 October 2022 and is currently estimated at $987,461, approximately $359 per square foot. This property was built in 1985. 42 Teak Rd is a home located in Passaic County with nearby schools including Lafayette Elementary School, Anthony Wayne Middle School, and Wayne Valley High School.

Last Agent to Sell the Property

TIMOTHY J. FIERRO

HOWARD HANNA RAND REALTY Brokerage Phone: 973-694-6500 Listed on: 10/18/2022

Last Buyer's Agent

Edan Young

EXCLUSIVE PROPERTIES REALTY LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1985

Lot Details

  • 0.34 Acre Lot

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Home Details

Home Type

Single Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Year Built: 1985
  • County Name: Passaic
  • I D: 5185461
  • Attribution Contact: 973-694-6500
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Bedrooms: 5
  • Bathrooms: 3.10

Lot Info

  • Lot Size: .345 AC
  • Total Acres: 0.34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2022
Closed on
Jan 13, 2023
Sold by
Fasani Michael
Bought by
Badawy Tamer and Elsayed Nashwa
Seller's Agent
TIMOTHY J. FIERRO
HOWARD HANNA RAND REALTY
Buyer's Agent
Edan Young
EXCLUSIVE PROPERTIES REALTY LLC
List Price
$775,000
Sold Price
$740,000
Premium/Discount to List
-$35,000
-4.52%
Views
87
Current Estimated Value
$987,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$247,461
Avg. Annual Appreciation
10.38%
Original Mortgage
$592,000
Outstanding Balance
$572,566
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$414,895

Purchase Details

Listed on
Apr 22, 2018
Closed on
Jun 14, 2018
Sold by
English John J and English Ellen T
Bought by
Fasani Michael
Seller's Agent
MARK MIELKE
UNITED REAL ESTATE
Buyer's Agent
MARK MIELKE
UNITED REAL ESTATE
List Price
$599,900
Sold Price
$584,250
Premium/Discount to List
-$15,650
-2.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.24%

Purchase Details

Closed on
Mar 31, 2009
Sold by
Hwang Soo Jong and Kim Soon D
Bought by
English John J and English Ellen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$563,059
Interest Rate
5.02%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 8, 2004
Sold by
Carriero James
Bought by
Hwang Soo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,000
Interest Rate
6.33%
Source: Public Records

Range of Values:

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

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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
Badawy Tamer $740,000 First American Title
Badawy Tamer $740,000 First American Title
Fasani Michael $584,250 Chicago Title Ins Co
English John J $582,500 --
Hwang Soo $630,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Badawy Tamer $592,000
Closed Badawy Tamer $592,000
Previous Owner English John J $563,059
Previous Owner Hwang Soo $441,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/30/2023 01/30/23 Sold $740,000 -4.5% $269 / Sq Ft
12/12/2022 12/12/22 Pending -- -- --
10/18/2022 10/18/22 For Sale $775,000 +32.6% $282 / Sq Ft
06/15/2018 06/15/18 Sold $584,250 -2.6% $213 / Sq Ft View Prior Sale
05/04/2018 05/04/18 Pending -- -- --
04/22/2018 04/22/18 For Sale $599,900 -- $218 / 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 $17,392 $292,500 $136,000 $156,500
2024 $16,725 $292,500 $136,000 $156,500
2022 $16,538 $292,500 $136,000 $156,500
2021 $16,520 $292,500 $136,000 $156,500
2020 $16,447 $292,500 $136,000 $156,500
2019 $16,128 $292,500 $136,000 $156,500
2018 $15,985 $292,500 $136,000 $156,500
2017 $15,839 $292,500 $136,000 $156,500
2016 $15,617 $292,500 $136,000 $156,500
2015 $15,429 $292,500 $136,000 $156,500
2014 $14,994 $292,500 $136,000 $156,500
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    TIMOTHY J. FIERRO

    Rand Realty

  • Edan Young

    Buyer's Agent in 2023

    Edan Young

    EXCLUSIVE PROPERTIES REALTY LLC

    (201) 805-0266

    1 in this area

    49 Total Sales

    Edan Young
    Section Image

  • M

    Seller's Agent in 2018

    MARK MIELKE

    UNITED REAL ESTATE

See All Agents

Map

Source: Garden State MLS

MLS Number: 3813201

Garden State MLS

APN: 14-01904-0000-00161

New Jersey Passaic County Wayne 07470

42 Teak Rd, Wayne, NJ

Not Listed for Sale

Detached

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