NOT LISTED FOR SALE

518 Summer St Paterson, NJ 07501

Eastside Neighborhood

Estimated Value: $329,000 - $646,826

3 Beds
1 Bath
1,116 Sq Ft
$425/Sq Ft Est. Value

Last Sold July 08, 2022

Last sale price $486,000 $435 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,718/month

About This Home

As of May 2023

Ready to Move IN . THIS Beautifully renovated Lower-Level rental apartment with 3 bedrooms and full bath unit in Dakota Park area of Paterson. Everything completely brand new, including a new deck. Brand-new stainless-steel appliances and Hardwood flooring. Large back yard, walking distance from transportation, Highway I-80, shops, schools and St. Josephs Hospital. Brand New HVAC, Electrical and Plumbing. New Roof, New windows and siding. One Pet Allowed

Last Agent to Rent the Property

George Pavlushkin

RE/MAX Central License #1324942 Listed on: 02/12/2023

Last Renter's Agent

George Pavlushkin

RE/MAX Central License #1324942 Listed on: 02/12/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,605

Lot Details

  • 2,614

Home Design

  • Duplex

Interior Spaces

  • 1,116 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Additional Features

  • 2,614 Sq Ft Lot
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Property Available on 2/15/23
  • Assessor Parcel Number 08-06302-0000-00022

Community Details

Overview

  • Dakota Park Subdivision

Pet Policy

  • Dogs and Cats Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,605

Lot Details

0

Rental Info

  • Available Date: 2023-02-15

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Two Family
  • Subdivision Name: Dakota Park
  • Architectural Style: Other - See Remarks
  • General Property Info Waterview: No
  • General Property Info Basement: No
  • General Property Info Pool: No
  • WaterSewer Public Sewer: Yes
  • General Property Info Acreage: 0.06
  • Cooling Central Air: Yes
  • WaterSewer Public Water: Yes
  • Contract Info Available Date: 2023-02-15
  • Maintenance Fees Security Deposit3: 1.5
  • Lease Requirements Security Deposit4: Yes
  • Allowable Cats2: Yes
  • Allowable Dogs2: Yes
  • Special Features: None

Interior Features

  • Basement: Other
  • Basement: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 2
  • Stories: 2
  • BasementOther: Yes

Exterior Features

  • Acres: 0.06
  • Waterfront: No

Garage/Parking

  • Garage: No
  • General Property Info:Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Lot Info

  • Lot Size Sq Ft: 2613.6
  • Parcel #: 08-06302-0000-00022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2022
Closed on
Jun 29, 2022
Sold by
518Summerst Llc
Bought by
Johnson Zaleika
Seller's Agent
Alyssa Valle
Lifestyle International Realty
Buyer's Agent
Raysonne Smith
Re/Max Venture Realtors
List Price
$449,999
Sold Price
$486,000
Premium/Discount to List
$36,001
8%
Current Estimated Value
$474,207

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,793
Avg. Annual Appreciation
-0.78%
Original Mortgage
$473,269
Outstanding Balance
$451,443
Interest Rate
5.23%
Mortgage Type
FHA
Estimated Equity
$22,764

Purchase Details

Listed on
Jan 12, 2019
Closed on
May 22, 2019
Sold by
Blue Print Construction Llc
Bought by
518 Summer St Llc
Seller's Agent
AILEEN COLON
UNITED REAL ESTATE
Buyer's Agent
GORGE MICHAEL DELGADO
EXP REALTY, LLC
List Price
$114,900
Sold Price
$89,900
Premium/Discount to List
-$25,000
-21.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
75.51%
Original Mortgage
$194,700
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 19, 2018
Closed on
Sep 27, 2018
Sold by
Ymrh Realty Llc
Bought by
Blueprint Construction Llc
Seller's Agent
Ileana Chacon
RE/MAX PROPERTIES SELECT
Buyer's Agent
Ileana Chacon
RE/MAX PROPERTIES SELECT
List Price
$49,900
Sold Price
$45,000
Premium/Discount to List
-$4,900
-9.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
148.57%

Purchase Details

Closed on
May 21, 2018
Sold by
Bryant Jane Bell and United State Of America
Bought by
Ymrh Realty Llc
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
Johnson Zaleika $486,000 Westcor Land Title
518 Summer St Llc $89,900 Clear Skies Title Agency
Blueprint Construction Llc $45,000 Title Agency Of New Jersery
Ymrh Realty Llc $198,528 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Zaleika $473,269
Previous Owner 518 Summer St Llc $194,700
Previous Owner Bryant Janie Bell $324,000
Previous Owner Bryant William Kenneth $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2023 05/02/23 Rented $23,400 +1100.0% --
05/01/2023 05/01/23 Under Contract -- -- --
02/11/2023 02/11/23 For Rent $1,950 0.0% --
07/08/2022 07/08/22 Sold $486,000 +8.0% $369 / Sq Ft
05/20/2022 05/20/22 Pending -- -- --
05/10/2022 05/10/22 For Sale $449,999 +400.6% $342 / Sq Ft
07/08/2019 07/08/19 Sold $89,900 -21.8% $68 / Sq Ft
05/13/2019 05/13/19 Pending -- -- --
01/12/2019 01/12/19 For Sale $114,900 +155.3% $87 / Sq Ft
10/05/2018 10/05/18 Sold $45,000 -9.8% $34 / Sq Ft
09/07/2018 09/07/18 Pending -- -- --
08/19/2018 08/19/18 For Sale $49,900 -- $38 / Sq Ft
Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

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 $1,605 $31,500 $21,900 $9,600
2024 $1,544 $31,500 $21,900 $9,600
2022 $1,462 $31,500 $21,900 $9,600
2021 $1,410 $31,500 $21,900 $9,600
2020 $1,315 $31,500 $21,900 $9,600
2019 $1,282 $31,000 $21,600 $9,400
2018 $1,328 $30,700 $21,500 $9,200
2017 $4,023 $96,700 $21,400 $75,300
2016 $4,180 $102,100 $22,500 $79,600
2015 $3,944 $102,100 $22,500 $79,600
2014 $6,078 $218,200 $108,500 $109,700
Source: Public Records

Agents Affiliated with this Home

  • George Pavlushkin

    Landlord's Agent in 2023

    George Pavlushkin

    RE/MAX

    (732) 984-8300

    410 Total Sales

    George Pavlushkin
    Section Image

  • A

    Seller's Agent in 2022

    Alyssa Valle

    Lifestyle International Realty

    (347) 277-2340

    1 in this area

    2 Total Sales

    Alyssa Valle
    Section Image
  • Raysonne Smith

    Buyer's Agent in 2022

    Raysonne Smith

    RE/MAX

    (201) 856-0250

    3 in this area

    4 Total Sales

    Raysonne Smith
    Section Image

  • A

    Seller's Agent in 2019

    AILEEN COLON

    UNITED REAL ESTATE

  • G

    Buyer's Agent in 2019

    GORGE MICHAEL DELGADO

    EXP REALTY, LLC

  • Ileana Chacon

    Seller's Agent in 2018

    Ileana Chacon

    RE/MAX

    (973) 583-9822

    4 in this area

    24 Total Sales

    Ileana Chacon
    Section Image
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Map

Source: MOREMLS (Monmouth Ocean Regional REALTORS®)

MLS Number: 22303822

MOREMLS (Monmouth Ocean Regional REALTORS®)

APN: 08-06302-0000-00022

New Jersey Passaic County Paterson 07501 Eastside

518 Summer St, Paterson, NJ

This home is located at 518 Summer St, Paterson, NJ 07501 since 12 February 2023 and is currently priced at $474,207. 518 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 School 6.

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.

MOREMLS (Monmouth Ocean Regional REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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