NOT LISTED FOR SALE

489 E 38th St Unit 491 Paterson, NJ 07504

Eastside Neighborhood

Estimated Value: $630,573 - $798,000

Studio
-- Bath
2,785 Sq Ft
$256/Sq Ft Est. Value

Last Sold December 23, 2022

Last sale price $425,000 $153 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $5,036/month

38 Days on Market

About This Home

As of December 2022

This home is located at 489 E 38th St Unit 491, Paterson, NJ 07504 since 26 September 2022 and is currently estimated at $713,643, approximately $256 per square foot. 489 E 38th St Unit 491 is a home located in Passaic County with nearby schools including Dale Avenue Elementary School, Edward W. Kilpatrick School of Discovery, and Paterson School 6.

Last Agent to Sell the Property

FRED SPOELSTRA

NICHOLAS REAL ESTATE AGENCY Brokerage Phone: 973-340-1202 Listed on: 09/26/2022

Last Buyer's Agent

ROSMIRA HINCAPIE

STAY HOME REALTY LLC

Property Details

Home Type

  • Multi-Family

Lot Details

  • 50 Sq Ft Lot

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • County Name: Passaic
  • I D: 5180955
  • Attribution Contact: 973-340-1202
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 50 X 100
  • Total Acres: 0.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2022
Closed on
Dec 23, 2022
Sold by
Scott Leroy
Bought by
Baez-Mendez Luis E and Valenzuela Yoneiri A
Seller's Agent
FRED SPOELSTRA
NICHOLAS REAL ESTATE AGENCY
Buyer's Agent
ROSMIRA HINCAPIE
STAY HOME REALTY LLC
List Price
$455,000
Sold Price
$425,000
Premium/Discount to List
-$30,000
-6.59%
Views
7
Current Estimated Value
$713,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$288,643
Avg. Annual Appreciation
18.59%
Original Mortgage
$417,302
Outstanding Balance
$403,906
Interest Rate
6.58%
Mortgage Type
FHA
Estimated Equity
$309,737

Purchase Details

Closed on
Jan 27, 1984
Bought by
Scott Leroy and Scott Joyce
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
Baez-Mendez Luis E $425,000 Title Agency
Baez-Mendez Luis E $425,000 Title Agency
Scott Leroy $71,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baez-Mendez Luis E $417,302
Closed Baez-Mendez Luis E $417,302
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/23/2022 12/23/22 Sold $425,000 0.0% $153 / Sq Ft
11/07/2022 11/07/22 Pending -- -- --
10/24/2022 10/24/22 Price Changed $425,000 -6.6% $153 / Sq Ft
09/29/2022 09/29/22 For Sale $455,000 -- $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 $15,642 $307,000 $62,000 $245,000
2024 $15,052 $307,000 $62,000 $245,000
2022 $14,251 $307,000 $62,000 $245,000
2021 $13,741 $307,000 $62,000 $245,000
2020 $12,817 $307,000 $62,000 $245,000
2019 $12,369 $299,200 $61,000 $238,200
2018 $11,667 $269,700 $60,400 $209,300
2017 $11,132 $267,600 $60,000 $207,600
2016 $11,906 $274,400 $55,000 $219,400
2015 $11,272 $274,400 $55,000 $219,400
2014 $13,717 $473,000 $198,800 $274,200
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2022

    FRED SPOELSTRA

    NICHOLAS REAL ESTATE AGENCY

  • R

    Buyer's Agent in 2022

    ROSMIRA HINCAPIE

    STAY HOME REALTY LLC

See All Agents

Map

Source: Garden State MLS

MLS Number: 3809498

Garden State MLS

APN: 08-07903-0000-00019

New Jersey Passaic County Paterson 07504 Eastside

489 E 38th St Unit 491, Paterson, NJ

Not Listed for Sale

MultiFamily

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