NOT LISTED FOR SALE

507 Summer St Paterson, NJ 07501

Eastside Neighborhood

Estimated Value: $528,000 - $676,000

-- Bed
2 Baths
-- Sq Ft
37 Sq Ft Lot

Last Sold April 16, 2020

Last sale price $300,000

Est. 95% increase in value since last sale

Current estimated payment $4,189/month

138 Days on Market

About This Home

As of April 2020

This home is located at 507 Summer St, Paterson, NJ 07501 since 09 October 2019 and is currently estimated at $586,086. 507 Summer St is a home located in Passaic County with nearby schools including Dale Avenue Elementary School, Edward W. Kilpatrick School of Discovery, and Paterson Public School No. 3.

Last Agent to Sell the Property

ANGELA CARDENAS

NICHOLAS REAL ESTATE AGENCY Brokerage Phone: 973-340-1202 Listed on: 10/09/2019

Co-Listed By

ROSELYS RAMIREZ

NICHOLAS REAL ESTATE AGENCY Brokerage Phone: 973-340-1202

Last Buyer's Agent

VICTOR RABANAL

HOMELAND REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,948

Lot Details

  • 37 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,948

Lot Details

0

Listing Details

  • County Name: Passaic
  • Street Number Display: 507
  • I D: 4937658
  • Modified: 2021-09-23
  • Number Images: 0
  • Attribution Contact: 973-340-1202
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 37.5X100
  • Total Acres: 0.09

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2021
Sold by
Cepeda Castillo Miguel and Fernandez Belkis E
Bought by
Cepeda Castillo Iguel and Fernandez Belkis E
Current Estimated Value
$586,086

Purchase Details

Listed on
Oct 9, 2019
Closed on
Apr 16, 2020
Sold by
Calvo Winston
Bought by
Castillo Miguel Cepeda and Fernandez Belkis E
Seller's Agent
ANGELA CARDENAS
NICHOLAS REAL ESTATE AGENCY
Buyer's Agent
VICTOR RABANAL
HOMELAND REALTY
List Price
$339,000
Sold Price
$300,000
Premium/Discount to List
-$39,000
-11.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.28%
Original Mortgage
$294,566
Outstanding Balance
$260,533
Interest Rate
3.2%
Mortgage Type
FHA
Estimated Equity
$325,553

Purchase Details

Closed on
Jun 5, 2006
Sold by
Calvo Winston
Bought by
Calvo Winston

Purchase Details

Closed on
Nov 7, 2002
Sold by
Calvo Winston
Bought by
Calvo Martha

Purchase Details

Closed on
Jan 29, 1954
Sold by
Mannisi Peter
Bought by
Ventura Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.08%
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
Cepeda Castillo Iguel -- Residential Com Ttl Agcy Llc
Castillo Miguel Cepeda $300,000 Residential Com Ttl Agcy Llc
Calvo Winston -- --
Calvo Martha -- --
Ventura Jose $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castillo Miguel Cepeda $294,566
Previous Owner Calvo Winston $266,000
Previous Owner Ventura Jose $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2020 04/16/20 Sold $300,000 -8.8% --
02/24/2020 02/24/20 Pending -- -- --
12/21/2019 12/21/19 Price Changed $329,000 -2.9% --
10/09/2019 10/09/19 For Sale $339,000 -- --
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 $11,948 $234,500 $17,500 $217,000
2024 $11,498 $234,500 $17,500 $217,000
2022 $10,885 $234,500 $17,500 $217,000
2021 $10,496 $234,500 $17,500 $217,000
2020 $9,790 $234,500 $17,500 $217,000
2019 $9,479 $229,300 $17,300 $212,000
2018 $9,768 $225,800 $17,200 $208,600
2017 $9,318 $224,000 $17,100 $206,900
2016 $10,270 $236,700 $18,000 $218,700
2015 $9,724 $236,700 $18,000 $218,700
2014 $10,875 $375,000 $80,000 $295,000
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    ANGELA CARDENAS

    NICHOLAS REAL ESTATE AGENCY

  • R

    Seller Co-Listing Agent in 2020

    ROSELYS RAMIREZ

    NICHOLAS REAL ESTATE AGENCY

  • V

    Buyer's Agent in 2020

    VICTOR RABANAL

    HOMELAND REALTY

See All Agents

Map

Source: Garden State MLS

MLS Number: 3593944

Garden State MLS

APN: 08-06316-0000-00011-01

New Jersey Passaic County Paterson 07501 Eastside

507 Summer St, Paterson, NJ

This home is located at 507 Summer St, Paterson, NJ 07501 since 09 October 2019 and is currently estimated at $586,086. 507 Summer St is a home located in Passaic County with nearby schools including Dale Avenue Elementary School, Edward W. Kilpatrick School of Discovery, and Paterson Public School No. 3.

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