NOT LISTED FOR SALE

505 Riverside Ave Lyndhurst, NJ 07071

Estimated Value: $923,787 - $961,000

-- Bed
-- Bath
2,432 Sq Ft
$390/Sq Ft Est. Value

Last Sold June 04, 2025

Last sale price $940,000 $387 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $6,059/month

63 Days on Market

About This Home

As of June 2025

This home is located at 505 Riverside Ave, Lyndhurst, NJ 07071 since 01 February 2025 and is currently estimated at $948,197, approximately $389 per square foot. This property was built in 1965. 505 Riverside Ave is a home located in Bergen County with nearby schools including Lyndhurst High School and Abundant Life Academy.

Last Agent to Sell the Property

Michael Farrell

EXP REALTY, LLC Brokerage Phone: 866-201-6210 Listed on: 02/01/2025

EXP REALTY, LLC

Last Buyer's Agent

Frank Vazquez

ELITE REALTORS OF NEW JERSEY

ELITE REALTORS OF NEW JERSEY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 5,227 Sq Ft Lot

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Year Built: 1965
  • County Name: Bergen
  • I D: 5335565
  • Attribution Contact: 866-201-6210
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 50X102
  • Total Acres: 0.12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2025
Closed on
Jun 2, 2025
Sold by
Lic Property Holdings Llc
Bought by
Kommareddy Sreelekha Reddy and Rajamani Siddarth Vellakovil
Seller's Agent
Michael Farrell
EXP REALTY, LLC
Buyer's Agent
Frank Vazquez
ELITE REALTORS OF NEW JERSEY
List Price
$989,900
Sold Price
$940,000
Premium/Discount to List
-$49,900
-5.04%
Views
64
Current Estimated Value
$948,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,197
Avg. Annual Appreciation
1.72%
Original Mortgage
$705,000
Outstanding Balance
$703,218
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$244,979

Purchase Details

Closed on
Jun 1, 2019
Sold by
Olivieri Nick
Bought by
Lic Property Holdings Llc

Purchase Details

Closed on
Feb 5, 2019
Sold by
Hartman Michael Est
Bought by
Olivieri Nick
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Kommareddy Sreelekha Reddy $940,000 Foundation Title
Kommareddy Sreelekha Reddy $940,000 Foundation Title
Lic Property Holdings Llc -- --
Olivieri Nick $345,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kommareddy Sreelekha Reddy $705,000
Closed Kommareddy Sreelekha Reddy $705,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/04/2025 06/04/25 Sold $940,000 -5.0% $387 / Sq Ft
04/05/2025 04/05/25 Pending -- -- --
02/01/2025 02/01/25 For Sale $989,900 -- $407 / 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 $13,092 $632,300 $262,200 $370,100
2024 $12,659 $627,600 $259,900 $367,700
2023 $14,756 $623,000 $257,700 $365,300
2022 $14,756 $465,200 $225,000 $240,200
2021 $14,142 $465,200 $225,000 $240,200
2020 $13,835 $465,200 $225,000 $240,200
2019 $11,684 $395,800 $225,000 $170,800
2018 $11,779 $395,800 $225,000 $170,800
2017 $11,482 $395,800 $225,000 $170,800
2016 $11,225 $395,800 $225,000 $170,800
2015 $10,873 $395,800 $225,000 $170,800
2014 $10,730 $395,800 $225,000 $170,800
Source: Public Records

Agents Affiliated with this Home

  • Michael Farrell

    Seller's Agent in 2025

    Michael Farrell

    EXP REALTY, LLC

    (973) 361-7700

    1 in this area

    81 Total Sales

    Michael Farrell
    Section Image
  • Frank Vazquez

    Buyer's Agent in 2025

    Frank Vazquez

    ELITE REALTORS OF NEW JERSEY

    (973) 865-4163

    1 in this area

    24 Total Sales

    Frank Vazquez
    Section Image
See All Agents

Map

Source: Garden State MLS

MLS Number: 3943978

Garden State MLS

APN: 32-00116-0000-00001-09

New Jersey Bergen County Lyndhurst 07071

505 Riverside Ave, Lyndhurst, NJ

Not Listed for Sale

MultiFamily

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