NOT LISTED FOR SALE

489 Summer St Paterson, NJ 07501

Eastside Neighborhood

Estimated Value: $601,000 - $653,780

-- Bed
-- Bath
3,253 Sq Ft
$193/Sq Ft Est. Value

Last Sold April 04, 2022

Last sale price $525,000 $161 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,602/month

35 Days on Market

About This Home

As of April 2022

This home is located at 489 Summer St, Paterson, NJ 07501 since 18 August 2021 and is currently estimated at $627,390, approximately $192 per square foot. 489 Summer St 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 Listed By

Carlos Goyburu

GOYBURU REALTY, LLC Brokerage Phone: 973-530-4056 Listed on: 08/18/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,074

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,074

Lot Details

0

Listing Details

  • County Name: Passaic
  • Street Number Display: 489
  • I D: 5096754
  • Modified: 2023-04-05
  • Number Images: 1
  • Attribution Contact: 973-530-4056
  • 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
Jan 26, 2017
Closed on
Oct 1, 2018
Sold by
Gorga Giuseppe and Gorga Guiseppe
Bought by
Silk City Development Llc
Seller's Agent
Jerry Sahlman
VILLAGE SQUARE REALTORS
Buyer's Agent
Trina Olivo
KELLER WILLIAMS TOWN LIFE
List Price
$149,000
Sold Price
$145,000
Premium/Discount to List
-$4,000
-2.68%
Total Days on Market
35
Current Estimated Value
$627,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$482,390
Avg. Annual Appreciation
24.60%
Original Mortgage
$160,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 24, 2007
Sold by
Deutsche Bank National Trust Co
Bought by
Gorga Guiseppe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,500
Interest Rate
6.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2004
Sold by
Rivas Maximo
Bought by
Rivera Angel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,500
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 8, 2003
Sold by
Maldonado Miguel
Bought by
Barna Norman

Purchase Details

Closed on
May 29, 1996
Sold by
Mccabe Robert and Mccabe Thelma
Bought by
Maldonado Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.98%
Mortgage Type
FHA

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
Silk City Development Llc $145,000 None Available
Gorga Guiseppe $170,000 --
Rivera Angel $330,000 --
Barna Norman $130,000 --
Maldonado Miguel $51,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silk City Cv Iv Llc $4,854,000
Closed Silk City Development Llc $160,000
Previous Owner Gorga Giuseppe $520,000
Previous Owner Gorga Giuseppe $2,677,000
Previous Owner Gorga Giuseppe $350,000
Previous Owner Gorga Giuseppe $2,250,000
Previous Owner Gorga Guiseppe $161,500
Previous Owner Rivera Angel $313,500
Previous Owner Maldonado Miguel $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2022 04/04/22 Sold $525,000 0.0% $161 / Sq Ft
09/22/2021 09/22/21 Pending -- -- --
08/18/2021 08/18/21 For Sale $525,000 +262.1% $161 / Sq Ft
10/01/2018 10/01/18 Sold $145,000 -2.7% $45 / Sq Ft
06/26/2018 06/26/18 Pending -- -- --
01/26/2017 01/26/17 For Sale $149,000 -- $46 / 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 $1,074 $21,900 $21,900 $0
2022 $1,017 $21,900 $21,900 $0
2021 $980 $21,900 $21,900 $0
2020 $6,513 $156,000 $21,900 $134,100
2019 $6,308 $152,600 $21,600 $131,000
2018 $6,995 $161,700 $21,500 $140,200
2017 $6,677 $160,500 $21,400 $139,100
2016 $7,355 $169,500 $22,500 $147,000
2015 $6,963 $169,500 $22,500 $147,000
2014 $10,368 $357,500 $108,500 $249,000
Source: Public Records

Agents Affiliated with this Home

  • Carlos Goyburu

    Seller's Agent in 2022

    Carlos Goyburu

    GOYBURU REALTY, LLC

    (201) 926-2264

    93 in this area

    199 Total Sales

    Carlos Goyburu
    Section Image

  • J

    Seller's Agent in 2018

    Jerry Sahlman

    VILLAGE SQUARE REALTORS

    (973) 509-2222

    24 Total Sales

    Jerry Sahlman
    Section Image
  • Trina Olivo

    Buyer's Agent in 2018

    Trina Olivo

    KELLER WILLIAMS TOWN LIFE

    (201) 723-3926

    17 in this area

    63 Total Sales

    Trina Olivo
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3735525

Garden State MLS

APN: 08-06315-0000-00006

New Jersey Passaic County Paterson 07501 Eastside

489 Summer St, Paterson, NJ

Homes for Sale in Paterson, NJ

This home is located at 489 Summer St, Paterson, NJ 07501 since 18 August 2021 and is currently estimated at $627,390, approximately $192 per square foot. 489 Summer St 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.

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