NOT LISTED FOR SALE

518 Union Ave Paterson, NJ 07522

Totowa Section Neighborhood

Estimated Value: $473,609 - $512,000

5 Beds
2 Baths
1,524 Sq Ft
$325/Sq Ft Est. Value

Last Sold November 28, 2023

Last sale price $425,000 $279 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,259/month

109 Days on Market

About This Home

As of November 2023

This home is located at 518 Union Ave, Paterson, NJ 07522 since 14 April 2023 and is currently estimated at $494,652, approximately $324 per square foot. 518 Union Ave 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.

Last Agent to Sell the Property

Ruben Serrano

REALTY ONE GROUP LEGEND Brokerage Phone: 973-772-0660 Listed on: 04/14/2023

REALTY ONE GROUP LEGEND

Co-Listed By

Yanet Iturralde-Santana

REALTY ONE GROUP LEGEND Brokerage Phone: 973-772-0660

Last Buyer's Agent

STEPHEN BRACONI

CHRISTIE'S INT. REAL ESTATE GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,822

Lot Details

  • 2,614 Sq Ft Lot

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,822

Lot Details

0

Listing Details

  • County Name: Passaic
  • Street Number Display: 518
  • I D: 5214804
  • Modified: 2024-11-29
  • Number Images: 1
  • Attribution Contact: 973-772-0660
  • MLS Status: Sold
  • Special Features: None
  • Property Sub Type: MultiFamily

Lot Info

  • Lot Size: 25X100
  • Total Acres: 0.06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2023
Closed on
Nov 27, 2023
Sold by
Goswami Ganesh and Goswami Krishna
Bought by
518 Union Avenue Intervivos Revocable Trust
Seller's Agent
Ruben Serrano
REALTY ONE GROUP LEGEND
Buyer's Agent
STEPHEN BRACONI
CHRISTIE'S INT. REAL ESTATE GROUP
List Price
$399,900
Sold Price
$425,000
Premium/Discount to List
$25,100
6.28%
Views
103
Current Estimated Value
$494,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,652
Avg. Annual Appreciation
9.06%
Original Mortgage
$265,000
Outstanding Balance
$260,710
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$233,942

Purchase Details

Closed on
Dec 1, 2021
Sold by
Thomas Martin W
Bought by
Goswani Ganesh and Goswani Krishna

Purchase Details

Closed on
Jan 20, 1989
Bought by
Thomas Martin W
Source: Public Records

Range of Values:

Collateral Analytics

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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
518 Union Avenue Intervivos Revocable Trust $425,000 Residential Commercial Title
Goswani Ganesh $185,000 Stewart Title Guaranty Company
Thomas Martin W $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 518 Union Avenue Intervivos Revocable Trust $265,000
Previous Owner Thomas Martin W $96,000
Previous Owner Thomas Martin W $55,889
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2023 11/28/23 Sold $425,000 +6.3% $279 / Sq Ft
08/01/2023 08/01/23 Pending -- -- --
04/14/2023 04/14/23 For Sale $399,900 -- $262 / Sq Ft
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 $6,822 $133,900 $31,900 $102,000
2024 $6,565 $133,900 $31,900 $102,000
2022 $6,216 $133,900 $31,900 $102,000
2021 $5,993 $133,900 $31,900 $102,000
2020 $5,590 $133,900 $31,900 $102,000
2019 $5,416 $131,000 $31,400 $99,600
2018 $5,589 $129,200 $31,100 $98,100
2017 $5,333 $128,200 $30,900 $97,300
2016 $5,871 $135,300 $32,500 $102,800
2015 $5,558 $135,300 $32,500 $102,800
2014 $7,859 $271,000 $152,300 $118,700
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Ruben Serrano

    REALTY ONE GROUP LEGEND

    (973) 464-1379

    12 in this area

    34 Total Sales

    Ruben Serrano
    Section Image
  • Yanet Iturralde-Santana

    Seller Co-Listing Agent in 2023

    Yanet Iturralde-Santana

    REALTY ONE GROUP LEGEND

    (973) 517-6483

    8 in this area

    32 Total Sales

    Yanet Iturralde-Santana
    Section Image

  • S

    Buyer's Agent in 2023

    STEPHEN BRACONI

    CHRISTIE'S INT. REAL ESTATE GROUP

See All Agents

Map

Source: Garden State MLS

MLS Number: 3838307

Garden State MLS

APN: 08-00609-0000-00047

New Jersey Passaic County Paterson 07522 Totowa Section

518 Union Ave, Paterson, NJ

This home is located at 518 Union Ave, Paterson, NJ 07522 since 14 April 2023 and is currently estimated at $494,652, approximately $324 per square foot. 518 Union Ave 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.

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