$305,000
SOLD DEC 27, 2024

55 W Homestead Ave Unit 1B Palisades Park, NJ 07650

1 Bed
1 Bath
609 Sq Ft
784 Sq Ft Lot

Recently Sold

$501 Per Sq Ft

5% Below List Price

51 Days on Market

About This Home

As of December 2024

LOCATION! VERY QUIET AND CLEAN & ALL DAY BRIGHT 1BED & 1BTH 2ND FL CONDO.1 DESIGNATED PARKING SPACE AND 1 STORAGE IN BASEMENT. WALK TO GRAND AVE BROAD AVE TO NYC TRANS.

Last Agent to Sell the Property

Wha Sook Kim

Top Realty Listed on: 10/14/2024

Last Buyer's Agent

Wha Sook Kim

Top Realty Listed on: 10/14/2024

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,131

Interior Spaces

  • Storage

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Schools

  • Lindbergh Elementary School
  • Palisades Pk. Jr/Sr High School

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,131

Lot Details

0

Listing Details

  • Property Type: Residential
  • Ownership: Private
  • PropertySubType: Condominium
  • Co List Office Phone: (201) 917-5366
  • MLS Status: Sold - Sold
  • Directions: BROAD AVE OR GRAND AVE TO HOMESTEAD AVE
  • Year Built Details: 1970's
  • PropertySubTypeAdditional: Low/Gard
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Basement: Storage
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Primary Bathroom: No
  • Laundry: In Unit

Exterior Features

  • Waterfront Features: None
  • Disclosures: Seller's Agent

Schools

  • Elementary School: Lindbergh E.S.
  • High School: Palisades Pk. Jr/Sr
  • Elementary: Lindbergh E.S.

Lot Info

  • Lot: 00033

MLS Schools

  • High School Text: Palisades Pk. Jr/Sr

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2024
Closed on
Dec 23, 2024
Sold by
Shim Yeonhee and Shim Sang Won
Bought by
Kim David C
Seller's Agent
Wha Sook Kim
Top Realty
Buyer's Agent
Wha Sook Kim
Top Realty
List Price
$319,900
Sold Price
$305,000
Premium/Discount to List
-$14,900
-4.66%
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.14%
Original Mortgage
$100,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 6, 2017
Closed on
Oct 10, 2017
Sold by
Moon Ryan and Moon Seon M
Bought by
Sim Sang W and Shim Yeon H
Seller's Agent
Wha Sook Kim
Top Realty
Sold Price
$1,480

Purchase Details

Closed on
Sep 30, 2004
Sold by
Kim Ah
Bought by
Moon Ryan and Moon Seon Min

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
5.8%

Purchase Details

Closed on
May 23, 2001
Sold by
Kim Linda S
Bought by
Kim Ah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,625
Interest Rate
7.09%
Source: Public Records

Similar Homes in Palisades Park, NJ

  • 201 12th St Unit 1, Palisades Park, NJ 07650

    $330,000

    • 1 Bed
    • 1 Bath
    • 201 12th St
    • Unit 1
    • Palisades Park, NJ

    VERY BRIGHT AND SPACIOUS 1 BR COND IN GREAT LOCATION AT PALISADES PARK. LARGE EAST FACING TERRACE OFF FROM THE LR& MODERN KITHEN, HARDWOOD FLOORS THROUGHOUT, UPDATED KITCHEN, STAINLESS STEEL APPLIANCES, LOTS OF CLOSET SPACES, LOW PROPERTY TAX AND MAINTENANCE INCLUDING HEAT, HOTWATER AND WATER, CLOSE TO SHOPPING, RESTAURANTS & NYC BUS AT THE CORNER, 1 DEEDED INDOOR GARAGE SPACE IS INCLUDED. GREAT

    Sophia Sul Christie's International Real Estate Group-Fort Lee

    Section Image
See All Homes in Palisades Park

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $305,000 None Listed On Document
Deed $188,000 --
Deed $170,000 --
Deed $87,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $100,000 New Conventional
Previous Owner $110,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $136,000 No Value Available
Previous Owner $65,625 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2025 02/24/25 For Rent $1,970 0.0% --
12/27/2024 12/27/24 Sold $305,000 -1.3% $501 / Sq Ft
12/04/2024 12/04/24 Pending -- -- --
11/16/2024 11/16/24 Price Changed $309,000 -3.4% $507 / Sq Ft
10/14/2024 10/14/24 For Sale $319,900 0.0% $525 / Sq Ft
06/16/2022 06/16/22 Rented $1,630 -1.2% --
06/07/2022 06/07/22 For Rent $1,650 +8.6% --
06/24/2021 06/24/21 Rented $1,520 -1.6% --
06/14/2021 06/14/21 Price Changed $1,545 -3.1% $3 / Sq Ft
05/28/2021 05/28/21 For Rent $1,595 +7.8% --
11/06/2017 11/06/17 Rented $1,480 -0.7% --
11/06/2017 11/06/17 For Rent $1,490 -- --
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 $3,313 $232,000 $157,500 $74,500
2023 $3,132 $224,000 $152,500 $71,500
2022 $3,132 $203,500 $135,000 $68,500
2021 $2,919 $184,300 $117,500 $66,800
2020 $2,831 $183,500 $115,000 $68,500
2019 $3,337 $164,200 $110,000 $54,200
2018 $3,250 $164,200 $110,000 $54,200
2017 $3,217 $164,200 $110,000 $54,200
2016 $3,121 $164,200 $110,000 $54,200
2015 $3,056 $164,200 $110,000 $54,200
2014 $2,918 $164,200 $110,000 $54,200
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2025

    Wha Sook Kim

    Top Realty

    (201) 917-5366

    1 in this area

    2 Total Sales

    Wha Sook Kim
    Section Image
See All Agents

Map

Source: New Jersey MLS

MLS Number: 24033150

New Jersey MLS

APN: 45-00601-0000-00033-0000-C001B

New Jersey Bergen County Palisades Park 07650

55 W Homestead Ave Unit 1B, Palisades Park, NJ

This home is located at 55 W Homestead Ave Unit 1B, Palisades Park, NJ 07650 and is currently priced at $305,000, approximately $500 per square foot. 55 W Homestead Ave Unit 1B is a home located in Bergen County with nearby schools including Lindbergh Elementary School, Palisades Park Jr Sr High School, and Notre Dame Academy.

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.

© 2025 New Jersey Multiple Listing Service Inc. All rights reserved.

Nearby Homes