NOT LISTED FOR SALE

542 Otto Place Paramus, NJ 07652

Estimated Value: $980,000 - $1,149,000

4 Beds
3 Baths
2,560 Sq Ft
$419/Sq Ft Est. Value

Last Sold January 03, 2019

Last sale price $630,000 $246 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $6,858/month

44 Days on Market

Highlights

  • Property is near a park
  • Corner Lot
  • En-Suite Primary Bedroom
  • Paramus High School Rated A-
  • Attached Garage
  • Central Air

About This Home

As of January 2019

LOCATION,LOCATION,LOCATION.Extra Large Bi-Level on the West side of Paramus.Hardwood Floor's,Spacious Living room,Eat In Kitchen with Door to the Large Deck.Formal Dining Room, LARGE SEPARATE GUEST SUITE.on lower level.House has been freshly painted.Close to Highway,School,Worship Place and Shopping Complex.Walk to Town Pool.TAKE THE LOW TAX ADVANTAGE AND MOVE INTO YOUR DREAM HOUSE & RELAX.Below Market Financing to Qualified Buyer.

Last Agent to Sell the Property

Gus Pascale

RE/MAX Properties-Saddle River Listed on: 09/25/2018

RE/MAX Properties-Saddle River

Co-Listed By

Bayron Zabala

Terrie O'Connor Realtors-Main St.

Last Buyer's Agent

Wenge Walter Xie

Christie's International Real Estate Group-Mahwah/Saddle River Regional Office

Christie's International Real Estate Group-Mahwah/Saddle River Regional Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,376

Lot Details

  • 0.31 Acre Lot
  • Corner Lot

Parking

  • Attached Garage

Home Design

  • Built in the 1970s
  • Bi-Level Home
  • Brick Exterior Construction
  • Vinyl Construction Material

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • 3 Full Bathrooms

Location

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

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 024604915 00009

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,376

Lot Details

0

Listing Details

  • Property Short: RES
  • Property Type: RES
  • Sub-Style: Bi-Level
  • Additional Sub Style: Expanded
  • Lifestyle: Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp, Extended Family
  • Miscellaneous: Hdwd As In
  • Views/Exposure: None
  • Year Built: 1970's
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Number of Rooms: 10
  • Fireplace: None
  • Bedrooms: 4
  • Total Bathrooms: 3.00
  • Primary Bathroom: Y
  • Full Bathrooms: 3
  • Basement: None

Exterior Features

  • Exterior: Brick, Vinyl
  • Waterfront: None

Garage/Parking

  • Garage: Attached, 2 Car

Utilities

  • Heating: Gas, Hot Water
  • Sewer: Municipal
  • Water Source: Municipal
  • Cooling: Central Air

Condo/Co-op/Association

  • Association: None

Schools

  • Elementary School: Stony Lane E.S.
  • Middle School: West Brook M.S.
  • High School: Paramus H.S.

Lot Info

  • County Name: BERGEN
  • Locale: 400
  • Lot: 00009
  • Lot Description: Corner Lot
  • Estimated Lot Sq Ft: 13460

Tax Info

  • Tax: 10376
  • Assessor Parcel Number: 024604915 00009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2018
Closed on
Dec 26, 2018
Sold by
Rotella Paul S
Bought by
Li Jiayong and Luo Yuxing
Seller's Agent
Gus Pascale
RE/MAX Properties-Saddle River
Buyer's Agent
Wenge Walter Xie
Christie's International Real Estate Group-Mahwah/Saddle River Regional Office
List Price
$654,900
Sold Price
$630,000
Premium/Discount to List
-$24,900
-3.8%
Current Estimated Value
$1,073,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$443,228
Avg. Annual Appreciation
8.54%
Original Mortgage
$504,000
Interest Rate
4.7%
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
Li Jiayong $630,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luo Yuxing $498,000
Closed Li Jiayong $504,000
Previous Owner Rotella Jean C $930,000
Previous Owner Rotella Jean C $359,700
Previous Owner Rotella Jean C $75,000
Previous Owner Rotella Jean C $350,000
Previous Owner Rotella Rudolph T $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2019 01/03/19 Sold $630,000 -3.8% $246 / Sq Ft
11/08/2018 11/08/18 Pending -- -- --
09/25/2018 09/25/18 For Sale $654,900 -- $256 / 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 $11,163 $750,200 $387,600 $362,600
2023 $10,521 $727,700 $369,600 $358,100
2022 $10,521 $677,900 $345,100 $332,800
2021 $10,172 $615,000 $314,200 $300,800
2020 $10,790 $676,500 $319,200 $357,300
2019 $10,692 $576,100 $311,100 $265,000
2018 $10,560 $576,100 $311,100 $265,000
2017 $10,376 $576,100 $311,100 $265,000
2016 $10,093 $576,100 $311,100 $265,000
2015 $9,990 $576,100 $311,100 $265,000
2014 $9,903 $576,100 $311,100 $265,000
Source: Public Records

Agents Affiliated with this Home

  • Gus Pascale

    Seller's Agent in 2019

    Gus Pascale

    RE/MAX

    (201) 445-3355

    1 in this area

    13 Total Sales

    Gus Pascale
    Section Image
  • Bayron Zabala

    Seller Co-Listing Agent in 2019

    Bayron Zabala

    Terrie O'Connor Realtors-Main St.

    (201) 887-0738

    Bayron Zabala
    Section Image

  • W

    Buyer's Agent in 2019

    Wenge Walter Xie

    Christie's International Real Estate Group-Mahwah/Saddle River Regional Office

    (201) 686-8748

    Wenge Walter Xie
    Section Image
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Map

Source: New Jersey MLS

MLS Number: 1840056

New Jersey MLS

APN: 46-04915-0000-00009

New Jersey Bergen County Paramus 07652

542 Otto Place, Paramus, NJ

This home is located at 542 Otto Place, Paramus, NJ 07652 since 25 September 2018 and is currently estimated at $1,073,228, approximately $419 per square foot. 542 Otto Place is a home located in Bergen County with nearby schools including Paramus High School, Alpine Learning Group, and Paramus 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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