NOT LISTED FOR SALE

552 Otto Place Paramus, NJ 07652

Estimated Value: $1,119,000 - $1,241,000

4 Beds
3.5 Baths
2,770 Sq Ft
$426/Sq Ft Est. Value

Last Sold October 26, 2022

Last sale price $925,000 $334 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $7,650/month

90 Days on Market

Highlights

  • Views to the North
  • En-Suite Primary Bedroom
  • Baseboard Heating
  • Paramus High School Rated A-
  • Central Air
  • Rectangular Lot

About This Home

As of October 2022

Beautiful 4BRS/3.5FBTH Center Hall Colonial sitting on a large lot close to Paramus Swimming Pool, Midland Elementary School and Paramus Branch Library.Kitchen was redone(2015) with Granite countertop,center Island,Ceramic tile floor in Kitchen, newer appliances,newer window treatments(2019),Formal Dining Room,Family room with fireplace, Laundry room next to Kitchen, door to large patio.All Hardwood floor thruout, 2nd floor has nice size of 4brs/2fbth. Full Finished basement with extra room,full bathroom, large wetbar with sitting chairs,newer AC unite(2yrs).

Last Agent to Sell the Property

Eunice Park

Coldwell Banker, Ridgewood Listed on: 06/21/2022

Coldwell Banker, Ridgewood

Last Buyer's Agent

Mae Hickey

Coldwell Banker, Fort Lee

Coldwell Banker, Fort Lee

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,074

Lot Details

  • 0.31 Acre Lot
  • 99 Ft Wide Lot
  • Rectangular Lot

Parking

  • 2 Car Garage

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom

Schools

  • Midland Elementary School
  • West Brook Middle School
  • Paramus High School

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Natural Gas

Additional Features

  • Views to the North
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Legal Lot and Block 00008 / 04916

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,074

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Su Prop: Residentia
  • Ownership: Private
  • PropertySubType: Single Family Residence
  • ResoLotFeatures: Regular
  • View Type:Pond View: North, South
  • Co List Office Phone: 201-461-5000
  • Outside Inclusions: all light fixtures, window treatments, 11 wet bar highchairs
  • MLS Status: Sold - Sold
  • Directions: Midland Ave-Otto
  • Reso Fireplace Features: 1 Fireplace
  • Year Built Details: 1970's,Renovated,Build Prior to 1978
  • PropertySubTypeAdditional: Cntr Hl
  • Power Production Ownership: Unknown
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Primary Bathroom: Yes
  • Basement Remarks: Full Finished, BR,FBTH, Wet Bar,Summer Kitchen

Exterior Features

  • Pool Features: None
  • Pool Private: No
  • Waterfront Features: None
  • Disclosures: Seller's Agent, Seller Disclosure - Yes
  • Exclusions: White Ref Next to W/D, Dimchae Ref in Kitchen
  • Construction Type: Vinyl Siding

Garage/Parking

  • Garage Spaces: 2.0

Utilities

  • Cooling: Central Air
  • Heating: Baseboard, Natural Gas

Schools

  • Elementary School: Midland E.S.
  • High School: Paramus H.S.
  • Middle Or Junior School: West Brook M.S.
  • Elementary: Midland E.S.

Lot Info

  • Lot Size Sq Ft: 13674.0

Tax Info

  • Tax Annual Amount: 12074.0
  • Tax Block: 04916
  • Tax Lot: 00008

MLS Schools

  • High School Text: Paramus H.S.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2022
Closed on
Oct 25, 2022
Sold by
Noh Jung Sup and Yeoun Sook
Bought by
Loukas Efstathios and Loukas Sofia
Seller's Agent
Eunice Park
Coldwell Banker, Ridgewood
Buyer's Agent
Mae Hickey
Coldwell Banker, Fort Lee
List Price
$995,000
Sold Price
$925,000
Premium/Discount to List
-$70,000
-7.04%
Current Estimated Value
$1,180,815

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,815
Avg. Annual Appreciation
9.39%
Original Mortgage
$693,750
Outstanding Balance
$675,571
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
$505,244
Source: Public Records

Range of Values:

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Average Value
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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
Loukas Efstathios $925,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loukas Efstathios $693,750
Previous Owner Noh Jung Sup $407,000
Previous Owner Noh Jung Sup $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2022 10/26/22 Sold $925,000 -4.1% $334 / Sq Ft
09/19/2022 09/19/22 Pending -- -- --
07/29/2022 07/29/22 Price Changed $965,000 -3.0% $348 / Sq Ft
06/21/2022 06/21/22 For Sale $995,000 -- $359 / 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 $13,542 $920,200 $390,100 $530,100
2023 $12,851 $882,800 $371,900 $510,900
2022 $12,851 $828,000 $347,300 $480,700
2021 $11,813 $758,300 $316,200 $442,100
2020 $12,074 $757,000 $321,200 $435,800
2019 $11,813 $636,500 $309,200 $327,300
2018 $11,667 $636,500 $309,200 $327,300
2017 $11,463 $636,500 $309,200 $327,300
2016 $11,151 $636,500 $309,200 $327,300
2015 $11,037 $636,500 $309,200 $327,300
2014 $10,941 $636,500 $309,200 $327,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: New Jersey MLS

MLS Number: 22022921

New Jersey MLS

APN: 46-04916-0000-00008