NOT LISTED FOR SALE

498 E 40th St Unit 500 Paterson, NJ 07504

Eastside Neighborhood

Estimated Value: $444,323 - $604,000

3 Beds
1.5 Baths
1,830 Sq Ft
$290/Sq Ft Est. Value

Last Sold May 31, 2019

Last sale price $255,000 $139 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $3,741/month

9 Days on Market

Highlights

  • Colonial Architecture
  • Property is near a park
  • Rectangular Lot
  • Deck
  • Baseboard Heating

About This Home

As of May 2019

Spacious single family home located on the East side of Paterson. Property offers a large backyard with a deck perfect for entertaining. A spacious first floor with a large living room, half bathroom, office, dining room, and an eat in kitchen. There is a large second floor with 3 large bedrooms and an updated bathroom. The house has solar panels on the roof.

Last Agent to Sell the Property

Andres Ospina

Keller Williams Park Views Listed on: 03/20/2019

Keller Williams Park Views

Last Buyer's Agent

Sophia Constandinou

Nicholas Real Estate Agency

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,930

Lot Details

  • 4,400 Sq Ft Lot
  • Rectangular Lot

Home Design

  • Built between 1900 - 1939
  • Colonial Architecture
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 3 Bedrooms

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Baseboard Heating
  • Heating System Uses Gas

Additional Features

  • Basement Fills Entire Space Under The House
  • Deck

Listing and Financial Details

  • Assessor Parcel Number 160807904 00005

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,930

Lot Details

0

Listing Details

  • Property Short: RES
  • Property Type: RES
  • Sub-Style: Colonial
  • Additional Sub Style: Cntr Stairwl
  • Lifestyle: Close/Parks, Close/Trans
  • Miscellaneous: Hdwd As In, Deck / Patio
  • Views/Exposure: None
  • Year Built: 1900-1939, Renovated
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Number of Rooms: 8
  • Fireplace: None
  • Bedrooms: 3
  • Total Bathrooms: 1.10
  • Primary Bathroom: N
  • Full Bathrooms: 1
  • Partial Bathroom: 1
  • Basement: Finished, Full, Partial
  • Basement: full semi finished
  • Items Included: kitchen appliances.

Exterior Features

  • Exterior: Vinyl
  • Waterfront: None

Garage/Parking

  • Garage: None

Utilities

  • Heating: Baseboard, Gas
  • Sewer: Municipal
  • Water Source: Municipal
  • Cooling: None

Condo/Co-op/Association

  • Association: None

Lot Info

  • County Name: PASSAIC
  • Lot: 00005
  • Lot Description: Regular
  • Estimated Lot Sq Ft: 4400

Tax Info

  • Tax: 6930
  • Assessor Parcel Number: 160807904 00005

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2019
Closed on
Jun 21, 2019
Sold by
Creary Carnel A and Creary Tamara L
Bought by
Castellanos Gloryvee
Seller's Agent
Andres Ospina
Keller Williams Park Views
Buyer's Agent
Sophia Constandinou
Nicholas Real Estate Agency
List Price
$230,000
Sold Price
$255,000
Premium/Discount to List
$25,000
10.87%
Total Days on Market
9
Current Estimated Value
$530,581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,581
Avg. Annual Appreciation
12.94%
Interest Rate
3.84%

Purchase Details

Closed on
Jul 7, 2014
Sold by
Moody Roger Wayne and Moody Wanda
Bought by
Creary Carnel A and Creary Tamara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,825
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 22, 1996
Sold by
Jenkins Linda
Bought by
Moody Roger and Moody Wanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
8.4%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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
Castellanos Gloryvee $255,000 --
Creary Carnel A $195,000 Agent For Westcor Land Title
Moody Roger $87,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castellanos Gloryvee $198,000
Closed Castellanos Gloryvee --
Closed Castellanos Gloryvee $204,000
Previous Owner Creary Carnel A $174,016
Previous Owner Creary Carnel A $177,652
Previous Owner Creary Carnel A $178,825
Previous Owner Moody Roger $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2019 05/31/19 Sold $255,000 +10.9% $139 / Sq Ft
03/29/2019 03/29/19 Pending -- -- --
03/20/2019 03/20/19 For Sale $230,000 -- $126 / Sq Ft
Source: New Jersey 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 $9,144 $186,500 $56,100 $130,400
2022 $9,618 $207,200 $56,100 $151,100
2021 $9,274 $207,200 $56,100 $151,100
2020 $8,651 $207,200 $56,100 $151,100
2019 $6,718 $162,500 $55,100 $107,400
2018 $6,930 $160,200 $54,500 $105,700
2017 $6,619 $159,100 $54,200 $104,900
2016 $6,951 $160,200 $49,400 $110,800
2015 $6,581 $160,200 $49,400 $110,800
2014 $8,204 $282,900 $135,300 $147,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 1911420

New Jersey MLS

APN: 08-07904-0000-00005