$145,000
SOLD OCT 1, 2018
-- Bed
-- Bath
3,253 Sq Ft
2,614 Sq Ft Lot

Recently Sold

$45 Per Sq Ft

3% Below List Price

516 Days on Market

About This Home

As of April 2022

This home is located at 489 Summer St, Paterson, NJ 07501 and is currently priced at $145,000, approximately $44 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 Agent to Sell the Property

Jerry Sahlman

VILLAGE SQUARE REALTORS Brokerage Phone: 973-509-2222 Listed on: 01/26/2017

Last Buyer's Agent

Trina Olivo

KELLER WILLIAMS TOWN LIFE

KELLER WILLIAMS TOWN LIFE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,116

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,116

Lot Details

0

Listing Details

  • County Name: Passaic
  • Street Number Display: 489
  • I D: 4683236
  • Modified: 2019-10-02
  • Number Images: 1
  • Attribution Contact: 973-509-2222
  • 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%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.94%
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
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $145,000 None Available
Warranty Deed $170,000 --
Deed $330,000 --
Deed $130,000 --
Deed $51,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,854,000 Commercial
Closed $160,000 Commercial
Previous Owner $520,000 Commercial
Previous Owner $2,677,000 Adjustable Rate Mortgage/ARM
Previous Owner $350,000 New Conventional
Previous Owner $2,250,000 New Conventional
Previous Owner $161,500 New Conventional
Previous Owner $313,500 Purchase Money Mortgage
Previous Owner $50,000 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2025 08/13/25 Pending -- -- --
08/13/2025 08/13/25 For Sale $660,000 +25.7% --
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
2025 $1,116 $21,900 $21,900 --
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

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Map

Source: Garden State MLS

MLS Number: 3360502

Garden State MLS

APN: 08-06315-0000-00006