NOT LISTED FOR SALE

518 Salem St Paramus, NJ 07652

Estimated Value: $854,000 - $1,084,000

4 Beds
2.5 Baths
2,096 Sq Ft
$466/Sq Ft Est. Value

Last Sold August 11, 2022

Last sale price $780,000 $372 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $6,018/month

36 Days on Market

Highlights

  • En-Suite Primary Bedroom
  • Central Air
  • Rectangular Lot
  • Paramus High School Rated A-

About This Home

As of August 2022

Welcome to the ever so desirable Paramus, New Jersey! This 2,200 square foot beauty features 4 bedrooms and 2.5 bathrooms. Sitting on a 75 by 100 lot, this home sits back from the street and has a perfect sized backyard. A hard to find 2 car garage. Freshly painted interior, gut renovated bathrooms, and beautiful hardwood floors throughout....this home has many upgrades and is truly move in ready. Call today before it's gone!

Last Agent to Sell the Property

Joseph Aziz

Prestige Property Group - Montclair Listed on: 05/31/2022

Last Buyer's Agent

Samson Romano

Howard Hanna Rand Realty

Howard Hanna Rand Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,851

Lot Details

  • 7,501 Sq Ft Lot
  • Rectangular Lot

Parking

  • 2 Car Garage

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Legal Lot and Block 00020 / 06615

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,851

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Private
  • PropertySubType: Bi-Level
  • ResoLotFeatures: Regular
  • View Type:Pond View: None
  • Co List Office Phone: 973-860-7595
  • MLS Status: Sold - Sold
  • Directions: Ridgewood Ave to Salem St
  • Reso Fireplace Features: None
  • Year Built Details: 1970's,Build Prior to 1978
  • PropertySubTypeAdditional: Other
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Primary Bathroom: Yes

Exterior Features

  • Pool Features: None
  • Pool Private: No
  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Hot Water, Radiant Floor

Lot Info

  • Lot Size Sq Ft: 7501.0

Tax Info

  • Tax Annual Amount: 8851.0
  • Tax Block: 06615
  • Tax Lot: 00020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2022
Closed on
Aug 3, 2022
Sold by
Karakattu and Samantha
Bought by
Parmar Jay and Parmar Alicia
Seller's Agent
Joseph Aziz
Prestige Property Group - Montclair
Buyer's Agent
Samson Romano
Howard Hanna Rand Realty
List Price
$829,000
Sold Price
$780,000
Premium/Discount to List
-$49,000
-5.91%
Current Estimated Value
$976,846

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,846
Avg. Annual Appreciation
7.48%
Original Mortgage
$624,000
Outstanding Balance
$596,717
Interest Rate
5.54%
Mortgage Type
Balloon
Estimated Equity
$380,129

Purchase Details

Closed on
Dec 8, 2021
Sold by
Barbara Bessemer
Bought by
George Samantha and Karakattu Dollin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,750
Interest Rate
2.98%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Parmar Jay $780,000 Stewart Title Guaranty Company
George Samantha $685,000 Westcor Land Title
George Samantha $685,000 Westcor Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parmar Jay $624,000
Previous Owner George Samantha $650,750
Previous Owner Caleca Frances $892,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2022 08/11/22 Sold $780,000 +4.0% $372 / Sq Ft
07/06/2022 07/06/22 Pending -- -- --
06/29/2022 06/29/22 Price Changed $750,000 -6.0% $358 / Sq Ft
06/20/2022 06/20/22 Price Changed $798,000 -3.6% $381 / Sq Ft
06/10/2022 06/10/22 Price Changed $828,000 -0.1% $395 / Sq Ft
05/31/2022 05/31/22 For Sale $829,000 -- $396 / 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
2025 $10,310 $726,800 $375,600 $351,200
2024 $10,000 $681,000 $347,100 $333,900
2023 $8,915 $651,900 $330,400 $321,500
2022 $8,915 $574,400 $307,800 $266,600
2021 $8,203 $535,100 $289,400 $245,700
2020 $8,409 $527,200 $284,400 $242,800
2019 $8,462 $455,900 $250,300 $205,600
2018 $8,357 $455,900 $250,300 $205,600
2017 $8,211 $455,900 $250,300 $205,600
2016 $7,987 $455,900 $250,300 $205,600
2015 $7,905 $455,900 $250,300 $205,600
2014 $7,837 $455,900 $250,300 $205,600
Source: Public Records

Agents Affiliated with this Home

  • Joseph Aziz

    Seller's Agent in 2022

    Joseph Aziz

    Prestige Property Group - Montclair

    (201) 708-5067

    5 in this area

    217 Total Sales

    Joseph Aziz
    Section Image
  • Samson Romano

    Buyer's Agent in 2022

    Samson Romano

    Rand Realty

    (862) 377-9666

    1 in this area

    72 Total Sales

    Samson Romano
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 22019429

New Jersey MLS

APN: 46-06615-0000-00020

New Jersey Bergen County Paramus 07652

518 Salem St, Paramus, NJ

This home is located at 518 Salem St, Paramus, NJ 07652 since 31 May 2022 and is currently estimated at $976,846, approximately $466 per square foot. 518 Salem St is a home located in Bergen County with nearby schools including Paramus High School and Bergen Catholic High School.

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.

New Jersey MLS The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.

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