NOT LISTED FOR SALE

505-507 Union Ave Paterson, NJ 07522

Totowa Section Neighborhood

Estimated Value: $725,000 - $844,517

-- Bed
1 Bath
-- Sq Ft
2,614 Sq Ft Lot

Last Sold April 07, 2022

Last sale price $650,000

Est. 23% increase in value since last sale

Current estimated payment $5,381/month

35 Days on Market

About This Home

As of April 2022

This home is located at 505-507 Union Ave, Paterson, NJ 07522 since 01 November 2021 and is currently estimated at $798,379. 505-507 Union Ave is a home located in Passaic County with nearby schools including Edward W. Kilpatrick School of Discovery, Dale Avenue Elementary School, and Paterson Public School No. 5.

Last Agent to Sell the Property

Mariel Duran

KELLER WILLIAMS CITY VIEWS REALTY Brokerage Phone: 201-969-2626 Listed on: 11/01/2021

KELLER WILLIAMS CITY VIEWS REALTY

Last Buyer's Agent

DAVID KELLEY

NICHOLAS REAL ESTATE AGENCY

Property Details

Home Type

  • Multi-Family

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • County Name: Passaic
  • I D: 5112603
  • Attribution Contact: 201-969-2626
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 31X83
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2021
Closed on
Mar 10, 2022
Sold by
Republica Home Solutions Llc
Bought by
Torres Peter
Seller's Agent
Mariel Duran
KELLER WILLIAMS CITY VIEWS REALTY
Buyer's Agent
DAVID KELLEY
NICHOLAS REAL ESTATE AGENCY
List Price
$649,000
Sold Price
$650,000
Premium/Discount to List
$1,000
0.15%
Current Estimated Value
$798,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,379
Avg. Annual Appreciation
5.68%
Original Mortgage
$595,237
Outstanding Balance
$555,703
Interest Rate
3.85%
Mortgage Type
FHA
Estimated Equity
$242,676

Purchase Details

Listed on
Jan 13, 2021
Closed on
Jun 2, 2021
Sold by
Bank Of America Na
Bought by
Republica Home Solutions Llc
Seller's Agent
Pablo Lopez
NEXTHOME ROYAL LION REALTY
Buyer's Agent
Mariel Duran
KELLER WILLIAMS CITY VIEWS REALTY
List Price
$265,000
Sold Price
$395,000
Premium/Discount to List
$130,000
49.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
83.57%
Original Mortgage
$453,500
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 2017
Sold by
Clay Andre and Clay Mrs Andre
Bought by
Captial 7 Re Funding Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 8, 2009
Sold by
Hud
Bought by
Clay Andre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,184
Interest Rate
4.91%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 14, 2008
Sold by
Jerry Speziale Passaic Cnty Sheriff and Guzman Carlos
Bought by
Hud
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
Torres Peter $650,000 Gabriele Sandra E
Torres Peter $650,000 Gabriele Sandra E
Republica Home Solutions Llc $395,000 Title 365 Inc
Captial 7 Re Funding Llc -- None Available
Clay Andre $164,000 --
Hud $324,363 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Peter $595,237
Closed Torres Peter $595,237
Previous Owner Republica Home Solutions Llc $453,500
Previous Owner Captial 7 Re Funding Llc $30,000
Previous Owner Clay Andre $267,184
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/07/2022 04/07/22 Sold $650,000 +0.2% --
12/06/2021 12/06/21 Pending -- -- --
11/01/2021 11/01/21 For Sale $649,000 +64.3% --
06/10/2021 06/10/21 Sold $395,000 +49.1% -- View Prior Sale
04/07/2021 04/07/21 Pending -- -- --
03/28/2021 03/28/21 For Sale $265,000 0.0% --
01/29/2021 01/29/21 Pending -- -- --
01/13/2021 01/13/21 For Sale $265,000 -- --
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 $14,235 $279,400 $36,200 $243,200
2024 $13,699 $279,400 $36,200 $243,200
2022 $12,970 $279,400 $36,200 $243,200
2021 $12,506 $279,400 $36,200 $243,200
2020 $11,665 $279,400 $36,200 $243,200
2019 $11,207 $271,100 $33,600 $237,500
2018 $10,465 $241,900 $33,200 $208,700
2017 $9,984 $240,000 $33,000 $207,000
2016 $10,999 $253,500 $34,700 $218,800
2015 $10,414 $253,500 $34,700 $218,800
2014 $11,493 $396,300 $119,300 $277,000
Source: Public Records

Agents Affiliated with this Home

  • Mariel Duran

    Seller's Agent in 2022

    Mariel Duran

    KELLER WILLIAMS CITY VIEWS REALTY

    (201) 893-7092

    3 in this area

    68 Total Sales

    Mariel Duran
    Section Image

  • D

    Buyer's Agent in 2022

    DAVID KELLEY

    NICHOLAS REAL ESTATE AGENCY

  • Pablo Lopez

    Seller's Agent in 2021

    Pablo Lopez

    NEXTHOME ROYAL LION REALTY

    (973) 277-0417

    1 in this area

    17 Total Sales

    Pablo Lopez
    Section Image
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Map

Source: Garden State MLS

MLS Number: 3749576

Garden State MLS

APN: 08-00610-0000-00017

New Jersey Passaic County Paterson 07522 Totowa Section

505-507 Union Ave, Paterson, NJ

Not Listed for Sale

MultiFamily

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