NOT LISTED FOR SALE

505 Union Ave Unit 507 Paterson, NJ 07522

Totowa Section Neighborhood

Estimated Value: $733,000 - $867,000

-- Bed
-- Bath
3,384 Sq Ft
$232/Sq Ft Est. Value

About This Home

This home is located at 505 Union Ave Unit 507, Paterson, NJ 07522 and is currently estimated at $783,589, approximately $231 per square foot. 505 Union Ave Unit 507 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
$772,470

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
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 Totowa Section

505 Union Ave Unit 507, Paterson, NJ

This home is located at 505 Union Ave Unit 507, Paterson, NJ 07522 and is currently estimated at $783,589, approximately $231 per square foot. 505 Union Ave Unit 507 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.

Nearby Homes