NOT LISTED FOR SALE

509 E 38th St Unit 511 Paterson, NJ 07504

Eastside Neighborhood

Estimated Value: $471,380 - $622,000

5 Beds
3 Baths
1,607 Sq Ft
$348/Sq Ft Est. Value

Last Sold July 26, 2019

Last sale price $380,000 $236 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $4,041/month

33 Days on Market

About This Home

As of July 2019

Well Maintained 2 Family close to all mayor transportation, highways, Parks, Schools and other commercial areas, nice long fenced backyard, fully renovated 2nd Fl with a brand new kitchen, 2nd Fl is combined with the attic to make a fully 4 bed apartment and finished basement, great affordable taxes on a great location do not miss this opportunity
to own this amazing 2 Family. Property being Sold As Is conditions, inspection is only informational purpose.

Last Agent to Sell the Property

Ivan Garcia

Realty Empire, LLC Listed on: 05/08/2019

Last Buyer's Agent

Ivan Garcia

Realty Empire, LLC Listed on: 05/08/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,415

Year Built

  • 1940

Lot Details

  • 1,576 Sq Ft Lot
  • Rectangular Lot

Home Design

  • Built in the 1940s

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Washer and Dryer Hookup

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Separate Meters
  • Separate Water Meter

Additional Features

  • Finished Basement

Listing and Financial Details

  • Assessor Parcel Number 160800012 07903

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,415

Year Built

1940

Lot Details

0

Listing Details

  • Property Short: 2-4
  • Sub-Style: 2 Family
  • Lifestyle: Close/Parks, Close/School, Close/Trans
  • Views/Exposure: None
  • Year Built (Public Record): 1940's, Renovated
  • Miscellaneous: None
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number of Rooms: 9
  • Fireplace: None
  • Bedrooms: 5
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement: Finished
  • Basement: Yes, Finished
  • Laundry: Hook Ups

Exterior Features

  • Waterfront: None
  • Exterior Finish: Aluminum

Garage/Parking

  • Garage: None

Utilities

  • Heating: Gas
  • Sewer: Municipal
  • Water Source: Municipal
  • Utilities: Sep Elec, Sep Gas, Sep Heat, Sep Water
  • Cooling: Win/AC

Lot Info

  • County Name: PASSAIC
  • Lot: 07903
  • Lot Dimensions: 37x100
  • Estimated Lot Sq Ft: 1576
  • Lot Description: Regular

Tax Info

  • Tax: 6415
  • Assessor Parcel Number: 160800012 07903

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2019
Closed on
Jul 16, 2019
Sold by
Giuliani Gabriela
Bought by
Lopez Teodoro and Lopez Rut E
Seller's Agent
Ivan Garcia
Realty Empire, LLC
Buyer's Agent
Ivan Garcia
Realty Empire, LLC
List Price
$369,699
Sold Price
$380,000
Premium/Discount to List
$10,301
2.79%
Total Days on Market
33
Current Estimated Value
$559,345

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,345
Avg. Annual Appreciation
6.81%
Original Mortgage
$361,000
Outstanding Balance
$319,081
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$240,264

Purchase Details

Closed on
Aug 25, 2005
Sold by
Monteverde Gino
Bought by
Giuliani Gabriela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
5.79%
Source: Public Records

Similar Homes in Paterson, NJ

  • 116 Marshall St, Paterson, NJ 07501

    $625,000

    • 7 Beds
    • 4 Baths
    • 116 Marshall St
    • Paterson, NJ

    4 Family, 2 2 family houses on one lot. Great investment property. The front property offers 1 bedroom, 1 bathroom on the first floor and 2 bedrooms, 2 bathrooms on the second floor. The back property offers 2 bedrooms, 2 bathrooms on the first floor and 2 bedrooms and 2 bathrooms on the 2nd floor. Leases are up on March 31st and are on a month to month basis thereafter Separated utilities, 4 gas

    Francis Sullivan, 3rd Howard Hanna Rand Realty

    Section Image
  • 197 Temple St, Paterson, NJ 07522

    $575,000

    • 6 Beds
    • 2.5 Baths
    • 197 Temple St
    • Paterson, NJ

    2-Family Home ? 3 Beds Per Unit! Solid 2-family property featuring two units, each with 3 bedrooms, 1 full bathroom, a living room, and a full kitchen. Excellent layout, plenty of space, and a great option for investors or owner-occupants. Separate utilities and conveniently located near schools, shops, and transit. A smart move for any buyer looking for value and opportunity! Entire home will

    Jose Trinidad UNITED REAL ESTATE

    Section Image
  • 576 E 38th St Unit 578, Paterson, NJ 07513

    $489,000

    • 6 Beds
    • 2 Baths
    • 576 E 38th St
    • Unit 578
    • Paterson, NJ

    Ready to move in! 2 family home home. 5 over 5. 3 bedrooms in each unit. 1 full bathroom in each unit. No parking/driveway. full unfinished basement. all separate utilities.

    Nick Todaro GOLDEN IMAGE REALTY

    Section Image
  • 269 17th Ave, Paterson, NJ 07504

    $629,900

    • 5 Beds
    • 4 Baths
    • 269 17th Ave
    • Paterson, NJ

    Spacious 2-Family Home with Finished Attic and Basement. Ideally Located Near Parks and Public Transportation.

    Johan German Monegro Century 21 A.G. Realty Group

    Section Image
  • 713 E 27th St, Paterson, NJ 07504

    $499,999

    • 5 Beds
    • 3 Baths
    • 713 E 27th St
    • Paterson, NJ

    Welcome to this stunning two-family home, perfectly designed for both comfortable living and investment potential. This property offers a beautifully renovated first-floor unit featuring two spacious bedrooms and a modern bathroom. The first floor also includes a basement with convenient washer and dryer hookups, adding to the home's functionality.The second-floor unit is equally impressive,

    Mary Griess Weichert Realtors, Clifton

    Section Image
  • 751 E 25th St, Paterson, NJ 07504

    $559,999

    • 6 Beds
    • 3 Baths
    • 751 E 25th St
    • Paterson, NJ

    This charming two-family house features a welcoming façade well complemented by a lovely front yard. The inviting porch on the first unit adds a touch of warmth, perfect for enjoying morning coffee or evening chats. The first unit boasts two cozy bedrooms, each designed with comfort in mind. The master bedroom includes a spacious walk-in closet, providing ample storage space. The unit is adorned

    KATHERINE BATISTA KELLER WILLIAMS PARK VIEWS

    Section Image
  • 167 E 21st St Unit 169, Paterson, NJ 07513

    $500,000

    • 5 Beds
    • 2 Baths
    • 167 E 21st St
    • Unit 169
    • Paterson, NJ

    Spacious 2-family home in Paterson, offering 5 bedrooms and 2 baths across 2,686 sq. ft. of living space. Featuring high ceilings, hardwood floors, and an attic with the potential to be connected to the second floor, this property offers great potential with some updating. The private driveway provides parking for up to 3 cars. Conveniently located near schools, shopping, and public

    Andrea Alummootil KELLER WILLIAMS CITY VIEWS REALTY

    Section Image
  • 169 E 21st St, Paterson, NJ 07513

    $500,000

    • 5 Beds
    • 2 Baths
    • 169 E 21st St
    • Paterson, NJ

    Spacious 2-family home in Paterson, offering 5 bedrooms and 2 baths across 2,686 sq. ft. of living space. Featuring high ceilings, hardwood floors, and an attic with the potential to be connected to the second floor, this property offers great potential with some updating. The private driveway provides parking for up to 3 cars. Conveniently located near schools, shopping, and public

    Andrea Alummootil Keller Williams City Views Realty

    Section Image

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
Lopez Teodoro $380,000 Foundation Title Llc
Giuliani Gabriela $360,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Teodoro $361,000
Previous Owner Giuliani Gabriela $288,000
Previous Owner Monteverde Gino P $206,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2019 07/26/19 Sold $380,000 +2.8% $236 / Sq Ft
06/10/2019 06/10/19 Pending -- -- --
05/08/2019 05/08/19 For Sale $369,699 -- $230 / Sq Ft
Source: New Jersey 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
2024 $12,861 $262,300 $44,600 $217,700
2022 $12,176 $262,300 $44,600 $217,700
2021 $11,741 $262,300 $44,600 $217,700
2020 $10,951 $262,300 $44,600 $217,700
2019 $6,222 $150,500 $43,800 $106,700
2018 $6,415 $148,300 $43,300 $105,000
2017 $6,124 $147,200 $43,000 $104,200
2016 $6,469 $149,100 $39,000 $110,100
2015 $6,125 $149,100 $39,000 $110,100
2014 $9,022 $311,100 $172,100 $139,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: New Jersey MLS

MLS Number: 1921532

New Jersey MLS

APN: 08-07903-0000-00012