NOT LISTED FOR SALE

502 E 40th St Paterson, NJ 07504

Eastside Neighborhood

Estimated Value: $557,733 - $607,000

-- Bed
-- Bath
1,494 Sq Ft
$387/Sq Ft Est. Value

Last Sold February 24, 2017

Last sale price $224,000 $150 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $3,833/month

95 Days on Market

About This Home

As of February 2017

This home is located at 502 E 40th St, Paterson, NJ 07504 since 20 November 2016 and is currently estimated at $578,683, approximately $387 per square foot. This property was built in 1940. 502 E 40th 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

Henry Perez

GOLD TEAM REALTY Brokerage Phone: 973-278-7880 Listed on: 11/20/2016

Last Buyer's Agent

Linda Iriarte

UNICASA UNION REALTY INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,006

Year Built

  • Built in 1940

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,006

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Year Built: 1940
  • County Name: Passaic
  • Street Number Display: 502
  • I D: 4671853
  • Modified: 2018-02-25
  • Number Images: 1
  • Attribution Contact: 973-278-7880
  • 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

Closed on
Aug 12, 2022
Sold by
Estupinan Arturo and Estupinan Ana B
Bought by
Dela Rosa Jennifer Carrasco and Diaz Luis
Total Days on Market
95
Current Estimated Value
$578,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,142
Outstanding Balance
$460,403
Interest Rate
4.99%
Mortgage Type
FHA
Estimated Equity
$118,280

Purchase Details

Listed on
Nov 20, 2016
Closed on
Feb 24, 2017
Sold by
Incq Joseph Grollo
Bought by
Estupinan Arturo F and Estupinan Ann B
Seller's Agent
Henry Perez
GOLD TEAM REALTY
Buyer's Agent
Linda Iriarte
UNICASA UNION REALTY INC
List Price
$224,000
Sold Price
$224,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.15%
Original Mortgage
$229,761
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 19, 2016
Sold by
Berdnik Richard H
Bought by
Joseph Grillo Inc

Purchase Details

Closed on
Jun 16, 2009
Sold by
Vasquez Ligia and Camilo Elisa Maria
Bought by
Vasquez Ligia and Camilo Ligia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,311
Interest Rate
4.86%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 1, 2008
Sold by
Vasquez Ligia
Bought by
Vasquez Ligia and Camilo Elisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,125
Interest Rate
6.4%
Mortgage Type
FHA
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
Dela Rosa Jennifer Carrasco $489,000 --
Estupinan Arturo F $234,000 None Available
Joseph Grillo Inc $435,562 None Available
Vasquez Ligia -- --
Vasquez Ligia -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dela Rosa Jennifer Carrasco $480,142
Previous Owner Estupinan Arturo $278,581
Previous Owner Estupinan Arturo Gernando $9,245
Previous Owner Estupi Arturo Ferdo $259,462
Previous Owner Estupinan Arturo F $229,761
Previous Owner Vasquez Ligia $283,311
Previous Owner Vasquez Ligia $279,125
Previous Owner Vasquez Ligia A $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2017 02/24/17 Sold $224,000 0.0% $150 / Sq Ft
02/23/2017 02/23/17 Pending -- -- --
11/20/2016 11/20/16 For Sale $224,000 -- $150 / 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 $7,006 $142,900 $44,600 $98,300
2022 $6,633 $142,900 $44,600 $98,300
2021 $6,396 $142,900 $44,600 $98,300
2020 $5,966 $142,900 $44,600 $98,300
2019 $5,850 $141,500 $43,700 $97,800
2018 $8,786 $203,100 $43,100 $160,000
2017 $6,411 $154,100 $42,800 $111,300
2016 $6,765 $155,900 $38,300 $117,600
2015 $6,404 $155,900 $38,300 $117,600
2014 $9,573 $330,100 $184,300 $145,800
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2017

    Henry Perez

    GOLD TEAM REALTY

    (973) 722-0579

    8 in this area

    31 Total Sales

    Henry Perez
    Section Image
  • Linda Iriarte

    Buyer's Agent in 2017

    Linda Iriarte

    UNICASA UNION REALTY INC

    (973) 519-2875

    35 in this area

    156 Total Sales

    Linda Iriarte
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3349745

Garden State MLS

APN: 08-07904-0000-00006

New Jersey Passaic County Paterson 07504 Eastside

502 E 40th St, Paterson, NJ

This home is located at 502 E 40th St, Paterson, NJ 07504 since 20 November 2016 and is currently estimated at $578,683, approximately $387 per square foot. This property was built in 1940. 502 E 40th 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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