524 Summer St Paterson, NJ 07501
Eastside NeighborhoodAbout This Home
As of October 2024Great opportunity to own and have rental income. Finished walk up attic that was recently renovated. There are plumbing connections in the attic. Both units have the same layout with 2 bedrooms and 1 bathroom. Roof was replace in 2022. The property is being sold as-is. Access to major highways.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,423
Lot Details
- 2,500 Sq Ft Lot
Home Design
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Community Details
- No Laundry Facilities
Listing and Financial Details
- Legal Lot and Block 00025 / 06302
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Map
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $400,000 | None Listed On Document |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $300,000 | Credit Line Revolving | |
| Previous Owner | $152,433 | New Conventional |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/25/2024 10/25/24 | Sold | $400,000 | +14.6% | $187 / Sq Ft |
| 09/10/2024 09/10/24 | Pending | -- | -- | -- |
| 08/07/2024 08/07/24 | For Sale | $349,000 | -- | $163 / Sq Ft |
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 | $8,423 | $171,800 | $21,900 | $149,900 |
| 2022 | $7,975 | $171,800 | $21,900 | $149,900 |
| 2021 | $7,690 | $171,800 | $21,900 | $149,900 |
| 2020 | $7,173 | $171,800 | $21,900 | $149,900 |
| 2019 | $6,945 | $168,000 | $21,600 | $146,400 |
| 2018 | $7,164 | $165,600 | $21,500 | $144,100 |
| 2017 | $6,835 | $164,300 | $21,400 | $142,900 |
| 2016 | $8,274 | $190,700 | $22,500 | $168,200 |
| 2015 | $7,834 | $190,700 | $22,500 | $168,200 |
| 2014 | $7,236 | $249,500 | $108,500 | $141,000 |
Source: New Jersey MLS
MLS Number: 24025614
APN: 08-06302-0000-00025
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.
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All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing, Inc.
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