NOT LISTED FOR SALE

488 Union Ave Paterson, NJ 07522

Prospect Park Neighborhood

Estimated Value: $611,674 - $834,000

-- Bed
-- Bath
1,820 Sq Ft
$384/Sq Ft Est. Value

Last Sold October 05, 2018

Last sale price $360,000 $198 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $5,217/month

42 Days on Market

About This Home

As of October 2018

This home is located at 488 Union Ave, Paterson, NJ 07522 since 25 May 2018 and is currently estimated at $699,419, approximately $384 per square foot. 488 Union Ave 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

Maryam Altadouka

REALTY ONE GROUP LEGEND Brokerage Phone: 973-686-7777 Listed on: 05/25/2018

REALTY ONE GROUP LEGEND

Last Buyer's Agent

SHAHEL AHMED

REALTY ONE GROUP PRODIGY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,489

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,489

Lot Details

0

Listing Details

  • County Name: Passaic
  • Street Number Display: 488
  • I D: 4807181
  • Modified: 2021-09-23
  • Number Images: 1
  • Attribution Contact: 973-686-7777
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2018
Closed on
Oct 5, 2018
Sold by
Guillen Jose
Bought by
Chowhury Fazla Rabbi and Chowhury Nishat
Seller's Agent
Maryam Altadouka
REALTY ONE GROUP LEGEND
Buyer's Agent
SHAHEL AHMED
REALTY ONE GROUP PRODIGY
List Price
$389,900
Sold Price
$360,000
Premium/Discount to List
-$29,900
-7.67%
Total Days on Market
42
Current Estimated Value
$699,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$339,419
Avg. Annual Appreciation
10.47%
Original Mortgage
$353,479
Interest Rate
4.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 15, 2006
Sold by
Guillen Yokasta
Bought by
Guillen Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,000
Interest Rate
6.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2004
Sold by
Rodriguez Yida
Bought by
Guillen Yokasta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,280
Interest Rate
5.65%

Purchase Details

Closed on
Jan 24, 2002
Sold by
Guillen Jose
Bought by
Rodriguez Ylda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,900
Interest Rate
7.04%

Purchase Details

Closed on
Jul 12, 2000
Sold by
Deleon Guillermo and Deleon Johnny
Bought by
Guillen Jose and Rodriguez Edward Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,850
Interest Rate
8.07%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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
Chowhury Fazla Rabbi $360,000 Advent Title Agency Llc
Guillen Jose $349,000 --
Guillen Yokasta $282,000 --
Rodriguez Ylda $182,000 --
Guillen Jose $143,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chowdhury Fazla Rabbi $357,000
Closed Chowhury Fazla Rabbi $353,479
Previous Owner Guillen Jose $338,000
Previous Owner Guillen Yokasta $250,280
Previous Owner Rodriguez Ylda $172,900
Previous Owner Guillen Jose $135,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2018 10/05/18 Sold $360,000 -7.7% $198 / Sq Ft
07/06/2018 07/06/18 Pending -- -- --
05/25/2018 05/25/18 For Sale $389,900 -- $214 / 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 $15,489 $315,900 $32,000 $283,900
2022 $14,664 $315,900 $32,000 $283,900
2021 $14,883 $332,500 $32,000 $300,500
2020 $13,882 $332,500 $32,000 $300,500
2019 $9,959 $240,900 $29,600 $211,300
2018 $9,297 $214,900 $29,300 $185,600
2017 $8,869 $213,200 $29,100 $184,100
2016 $9,771 $225,200 $30,600 $194,600
2015 $9,251 $225,200 $30,600 $194,600
2014 $9,350 $322,400 $152,300 $170,100
Source: Public Records

Agents Affiliated with this Home

  • Maryam Altadouka

    Seller's Agent in 2018

    Maryam Altadouka

    REALTY ONE GROUP LEGEND

    (862) 668-8145

    10 in this area

    55 Total Sales

    Maryam Altadouka
    Section Image

  • S

    Buyer's Agent in 2018

    SHAHEL AHMED

    REALTY ONE GROUP PRODIGY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3473639

Garden State MLS

APN: 08-00912-0000-00002

New Jersey Passaic County Paterson 07522 Prospect Park

488 Union Ave, Paterson, NJ

This home is located at 488 Union Ave, Paterson, NJ 07522 since 25 May 2018 and is currently estimated at $699,419, approximately $384 per square foot. 488 Union Ave 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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