NOT LISTED FOR SALE

505 Union Ave Unit 3 Paterson, NJ 07522

Prospect Park Neighborhood

Estimated Value: $726,853 - $905,000

3 Beds
1 Bath
3,384 Sq Ft
$232/Sq Ft Est. Value

About This Home

This home is located at 505 Union Ave Unit 3, Paterson, NJ 07522 and is currently estimated at $784,463, approximately $231 per square foot. 505 Union Ave Unit 3 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 10, 2022
Sold by
Republica Home Solutions Llc
Bought by
Torres Peter
Current Estimated Value
$784,463

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,237
Outstanding Balance
$560,693
Interest Rate
3.85%
Mortgage Type
FHA
Estimated Equity
$223,770

Purchase Details

Closed on
Jun 2, 2021
Sold by
Bank Of America Na
Bought by
Republica Home Solutions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
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
Previous Owner Republica Home Solutions Llc $453,500
Previous Owner Captial 7 Re Funding Llc $30,000
Previous Owner Clay Andre $267,184
Previous Owner Guzman Carlos $319,725
Source: Public Records

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 $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

Map

New Jersey Passaic County Paterson 07522 Prospect Park

505 Union Ave Unit 3, Paterson, NJ

Homes for Sale in Paterson, NJ

This home is located at 505 Union Ave Unit 3, Paterson, NJ 07522 and is currently estimated at $784,463, approximately $231 per square foot. 505 Union Ave Unit 3 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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